USDCAD Analysis 30July2023The possibility of a significant movement in the next few days for this pair. If you look a week ago this pair is more likely to accumulate with a structure like sideways. I am still sure that there is an opportunity to be limited to the SND D1 area below before this pair returns to bullish.
Usdcadsignal
DeGRAM | USDCAD break and close above the strong levelUSDCAD is currently trading in an ascending channel.
The market made higher highs and higher closes. It broke and closed above the resistance that was tested twice.
Price is coiling up before breaking through the level. We anticipate a retest of the major resistance and bullish move.
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USDCAD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
DeGRAM | USDCAD divergence at the strong supportUSDCAD decelerated while approaching support, then bounced off it following the divergence.
Price bounced off the psychological level of 1.31000. If you look left, the last time the price dropped from the resistance, it pulled back after the divergence.
We anticipate the same price action and a retest of the resistance.
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DeGRAM | USDCAD at strong supportUSDCAD is currently trading in an ascending channel.
The market broke and closed above the consolidation zone.
Price pulled back to the kill zone: support at 1.32500 and 50% fibo retreatment.
We anticipate a retest of the major resistance.
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USDCAD Analysis 9July2023on this fibo extension, it looks like wave a = wave c. when wave c has the same length as wave a and there is a correction, there is a possibility that this correction will approach the invalid area. if you want to go long, it is better to wait for a saturated candle in the SnD area.
USDCAD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
DeGRAM | USDCAD AB=CD in the ascending channelUSDCAD is currently trading in an ascending channel.
The market created a consolidation zone and broke/closed above it.
Price is coiling up before breaking through the level.
We anticipate a retest of the major resistance and a complete AB=CD pattern.
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USD/CAD - Short the Pair Next Week
USDCAD is trading in a long-term bearish trend.
At the end of June, the market started a correctional movement,
after it successfuly completed a bearish impulse.
Analyzing the price action, it feels like the correction is finally over.
I expect a bearish movement next week.
Target Level - 1.3135
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USDCAD- 454 PIPS BUYING OPPORTUNITY❤️Dear Traders, we have a great buying opportunity on USDCAD; price breakthrough the consolidation phase and it gave us an direction to go BIG on this pair. Once price comes to our area and reject that will be the time to enter using an accurate risk management.
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