USDCAD / 4H TIME FRAME HELLO TRADERS Currently, prices are trading below the resistance trend line and the turning level at 1.361. This sets the stage by identifying that the price is under a key resistance line and turning level, specifically at the 1.361 level. The resistance line acts as a ceiling preventing further upward movement. As long as trading...
Hi fellow traders, USDCAD will be ready to make a move higher from the blue box after it completes the correction. Target the 1.4168 level. Good luck and trade safe!
Hi fellow traders, USDCAD is ready to make a move lower from the blue box after completing the flag correction. Target the 1.3563 level. Good luck and trade safe!
The CAD has recently shown appreciation against the USD, and there's a historical resistance for the USD/CAD pair breaching above the 1.35 mark. Short-term technical trends also favor the CAD, and the 1.3495/1.3500 zone is a significant support. Breaking this support could lead to a quick decline towards the 1.34 area. This, combined with recent economic data,...
The USD/CAD pair is trading near 1.3640, shrugging off bullish oil price trends. The Bank of Canada is expected to keep rates stable at 5.00%, while mixed U.S. economic data keeps the USD strong. Market focus is on the upcoming U.S. ISM Services PMI and BoC rate decision for clearer directional cues. TRADE IDEA DETAILS CURRENCY PAIR: USD/CAD CURRENT TREND:...
The USD/CAD pair is holding firm around 1.3500, despite weak US economic data for July. Awaiting insights from the Jackson Hole Symposium, the US Dollar Index continues to climb. Meanwhile, the Canadian Dollar is affected by falling oil prices. Scotiabank sees USD-bullish trends but cautions the currency is overbought. Key resistance and support levels are...
The USD/CAD pair witnessed a surge amid a resilient US Dollar and dropping oil prices. The Canadian Dollar was impacted by weak employment figures and the decline in oil prices, a crucial export product. Meanwhile, the US is bracing for persistent inflation, with headline and core CPI remaining steady. The financial landscape is further complicated by potential...
The USD/CAD pair has been exhibiting a bearish trend, and technical momentum remains unfavorably oriented for the USD. The recent attempts at a recovery from around 1.3100 were met with resistance near the 20-period daily Exponential Moving Average (EMA) at 1.3230. This suggests selling pressure and a potential continuation of the downside move. Fundamentally,...
The USD/CAD currency pair encountered strong resistance around the 1.3300 level during the New York session. This resistance was influenced by factors such as a cautious market sentiment, negative expectations for second-quarter corporate earnings, and a decline in the US Dollar Index (DXY) despite the anticipation of interest rate hikes. Additionally, the...
Everyone is watching the shorter-term wedge on Ucad. Some are betting on the bounce and others on a breakdown to lower prices. The safer big money bet is waiting for long-term support and building a position trade to hold for weeks, possibly months. Nice returns with less stress. More beach time. Additional Note: if you are trading a more significant equity...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to...
Like I've been explaining I think we will get an upside rally on USDCAD its just a matter of getting a good entry point, as mention there will be some impactful data in under 2 hours so be careful!! ill be taking a look at price over the weekend for setups leading into next week, I never place trades before any uncertain times (news/data events) its a straight...
How To Play The Chart Entries/Exits: Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and...
Hello Friends as i can this pair is reached @ a strong daily support and created a double bottom Friends we are buying this pair on dips with a very small risk of 0 to 50 pips and looking for higher rewards Chart is pretty easy to understand the reason behind buying this pair We appreciate ur love and support Push like to help deliver this idea to many other...
hello friends as i can this pair is making a double bottom on a strong weekly horizontal support zone an rejected on Friday closing its also in over sold condition now and its a great entry for longs with a low risk and looking for higher rewards incoming days Friends Push like and comments we appreciate and love ur support Follow us for more updates
USDCAD has reached a very strong support that it has not reached since September 2018 and we expect it to make a rejection up to the 1.29400 area. If it has a daily close below 1.27500 then we can expect a decline to the 1.24600 area.
currently it broke the bullish wedge and going up. 1.3340-1.3330 is a huge support area for the price where it can more likely go till 1.3600