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Usdcadwavecount

Forex Market Analysis and Trading Tips 21st July 2016 (USDCAD)SUMMARY: The USDCAD pair bounced slightly during the course of the day on Wednesday, using the 1.3037 level as support. At this point in time, the market is looking bearish. The primary trend of USDCAD is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 50 day SMA that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 1.3075 Support at the level of 1.3037. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair. INDICATORS:- MACD is sustaining in its negative territory indicating the bearish trend in the pair. RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair. STRATEGY: USDCAD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it. Thank you for reading guys, I am humbled by your response to my ideas and I wish you all the best with this trade! Likes and comments appreciated :) www.tradingsignalreviews.com
Short
by TheBanker
7
USDCAD Sell Setup One H1 Time FrameThe USD/CAD has formed a 3-4 Setup One Short on the Hourly Chart On the Daily, we can see its stuck within a tight range That range is the Wave 4 of the D1. It's a Wave 4 within Bullish formation. So the breakout of the highs of the range will leave to Wave 5 Meanwhile, price is hovering near the Lows of the Range. Drop the H1 chart and you find a Setup 1 short. But there are several options at hand ... lets watch the video
Short
by iTradeAIMS
On my mother's grave - USDCAD will never break above $1.36664USDCAD will not break above $1.36664 because of no recent attempt to do so. The last time prices were that high was last june and they did not stick there for very long. I am goimg short on this one as i am following the primary movement of price. I have no confidence in this awaited Bullish breakout because prices have - most of the time trending below $1.13037, been trading between $1.33827 and $4.13037 and that is where prices are going at the moment.
Short
by ChickensEatOmlets
1
USDCAD BUYGoing Long on Point B(1.3055) , or better yet for double confirmation go long on 1.29489 Both are excellent places for longs. The Monthly uptrend is still intact . SL @ 1.29215 Targeting point C. Crude Oil is in a declining state and Gold and Silver will follow BRENT as well. USDCAD Long Disclaimer: This does not represent a trade signal, or constitute any form of Investment advice. but rather my ideas on how i view the markets, I am not responsible for any losses or gains made from this. Please use your own discretion
Long
by thecrackking