The USDCAD pair has been on a relentless bullish run since the week of July 10 after almost touching the 1W MA200 (orange trend-line) and making a bottom on the +2 year Higher Lows trend-line. This rise will now face the first selling pressure point, the Lower Highs trend-line of the October 10 2022 High. Following a 1W MACD Bullish Cross, if a 1W candle closes...
USDCAD has made extreme selling which is giving us an indication that anytime market may fall. I have use proper money management on it. Do your own analysis also before taking trade. Trade at your own risk.
The USDCAD pair hit again the bottom (Lower Lows trend-line) of the Channel Down that started on the March 10 High and on top of that almost touched the 1M MA50 (red trend-line) for the first time since September 13 2022. Naturally, this is a major long-term Support, which if broken (full 1M candle closing below it), invalidates the Channel Down and could start an...
USDCAD moving in parallel channel waiting for breakout to trade. Manage your risk according to account size!
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 Please, support my work with like!
This analysis is still in line with last week's analysis, still looks bullish. on TF H4 seen forming a flag, most likely it is to continue the bullish trend when it breaks from the flag. valid analysis as long as the price does not fall more than the invalid area
-fundamentally we have a strong USD compared to CAD considering the banking crisis stabilizing and predicting a higher chance for a soft landing for the fed -on the technical side : we have reached a a key level in the Daily and the 4H timeframes , RSI divergence in 5\15min timeframes, double bottom break in the 15min timeframe
The USDCAD pair hit last week the Higher Lows trend-line from the June 08 2022 Low and rebounded but yesterday the mini rise stopped on the 1D MA50 (blue trend-line). A 1D candle closing above the 1D MA50 will be a buy signal, targeting 1.38500 (below Resistance 1). If instead it closes below the 1D MA200 (orange trend-line) and naturally the June 2022 trend-line,...
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.
USD is weak against the CAD. I believe its falling journey will remain continue to the next week. It is better to look sell opportunity on it.
i see that usdcad for buy from this point usd cad now at good support that will push it up ...
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: 2:📆Monthly: 3:📅Weekly: 4:🕛Daily: 😇7 Dimension analysis 🟢 analysis time frame D1: 5: 1 Price Structure: bearish 6: 2 Pattern Candle Chart: long wick. descending triangle 7: 3 Volume: Bearish is more than bullish 8: 4 Momentum UNCONVENTIONAL Rsi: Range shift from bullish bearish and bearish divergence...
Hello Everyone I m looking for Short setup in USDCAD pair If it successfully broken this support area We will enter in short trade. This will be a good short trade. Keep an eye on these levels. Cheers
The USDCAD pair topped back in October and has turned sideways inside a Rectangle pattern since the November 15 Low. With the 1D MA50 (blue trend-line) used as the Pivot, the 1D MACD indicator can offer a confirmed buy and sell entry when it makes a Bullish and Bearish Cross respectively. Notice when Support 1 was created (previous High turned into Low), hence we...
USD-CAD is trading along The rising support line and the pair Is about to retest the support So I am bullish biased and I think We will see a bullish rebound
The USDCAD couldn't have confirmed our bearish view two months ago, when we called for a sell opportunity based on the RSI Bearish Divergence (Lower Highs against the price's Higher Highs): As you see the divergence sell signal was spot on and the previous two times that this was spotted, helped us in a great way to spot this. Right now the price again above...
USDCAD, I am Short (After a Bull Shot), be ready to take entry after reaching the POI area
USDCAD is trading at resistance level of Ascending channel pattern. According to chart pattern analysis we might see USDCAD o downside towards the support level as shown in chart. trade with stop loss and own capital risk management system views/opinions are welcome to disucss.