Weekly outlook for the weekIn this video i will show my friends my weekly outlook what i want to see.
USDCAD trade ideas
US Dollar continuing to SMASH the Canadian Dollar.US Dollar continuing to SMASH the Canadian Dollar.
You never should front run a possible breakout.
But when it does happen, you should really pay attention.
Now $1.44 on route to $1.60.
USDCAD Will Grow! Long!
Please, check our technical outlook for USDCAD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.448.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.469 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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USDCAD - ANALYSIS👀 Observation:
Hello traders! Let’s analyze the USD/CAD pair. Based on the current price action, we are observing a range breakout, and I expect the price to continue its bullish movement upward.
My first target for this bullish move lies between 1.46685 and 1.46966 .
📈 Expectation:
Bullish continuation towards the target range of 1.46685 - 1.46966 , following the range breakout.
💡 Key Levels to Watch:
Target Range: 1.46685 - 1.46966
💬 What’s your outlook for USD/CAD? Share your analysis in the comments below!
Trade safe
USDCAD: Bullish Continuation is Coming?!USDCAD has been in a long-term bullish trend. Since the middle of December, the pair has been consolidating within a horizontal range.
Last week, the price broke above the range's resistance. This violation will most likely trigger a trend-following movement.
The next resistance level to watch is at 1.4554.
USDCADUSD/CAD represents the exchange rate between the U.S. dollar (USD) and the Canadian dollar (CAD), showing how many Canadian dollars are needed to buy one U.S. dollar. It reflects the economic relationship between the United States and Canada.
The exchange rate is influenced by factors such as monetary policies of the Federal Reserve (Fed) and the Bank of Canada (BoC), interest rate differentials, inflation, employment data, and GDP growth. Since Canada is a major oil exporter, oil prices have a strong impact on the CAD’s value. When oil prices rise, the CAD tends to strengthen, pushing USD/CAD lower.
USD/CAD is widely traded in forex markets and is considered a commodity currency pair due to Canada’s dependence on natural resources. It is often affected by trade relations and economic ties between the two countries.
USD_CAD BULLISH BREAKOUT|LONG|
✅USD_CAD broke the key
Horizontal level of 1.444
While trading in an uptrend
So we are bullish biased
And after a potential
Pullback we will be
Expecting a further move up
LONG🚀
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USD-CAD Will Keep Growing! Buy!
Hello,Traders!
USD-CAD is trading in a
Strong uptrend and the pair
Made a bullish rebound from
The rising support line just
As I predicted in my previous
Analysis and is now breaking
The horizontal resistance
Of 1.4700 so we are bullish
Biased and we will be
Expecting a further bullish
Continuation next week
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
2.5R on USDCADI dont need to explain a lot about this trade just know that is was nice just a simple break and retest with divergence
USDCAD climbing close to Monthly Supply Level, then to Short Triple top pattern forming on 2W Time Frame. Price still Bullish on 4H and 1D, waiting and watching price to compress or consolidate to push down. Positive News for CAD or Negative USD news or Drop in Oil could be catalyst to push price down.
USDCAD Bull FlagUSDCAD has been in a uptrend since September last year.
Over the last few weeks the uptrend has paused without really selling off and forming a bullish chart pattern. If valid, this could suggest the market is coiling for the next leg up.
USDCAD Will Keep Growing!
HI,Traders !
USD-CAD is trading in an
Uptrend and the pair just
Made a strong bullish
Breakout so we are
Bullish biased now and
We will be expecting a
Further bullish move up!
Comment and subscribe to help us grow!
USDCADDeep crab pattern expecting correction downside before breaking the top. Take profit 61.8% of AB
USDCAD looks like continuing to ATHEven though many sentiment indicators (i.e. COT reports) talk about a very crowded CAD tarde, the Daily and Weekly chart still support the uptrend up until ATH.
USDCAD Update - Fake Out or Break Out?Dear Friends,
How I see it:
1) The prevailing Higher TF trend bias is bullish, without a doubt.
2) Politically, fundamentally, technically the $ is a bull in a China shop.
3) BOJ will have to hike the Yen in this coming week which
could force the $ to correct to an extend that is yet to be seen.
What makes this pair unique is the Political & Monetary uncertainty:
1) Canadian election year
2) US Taxation
Taking all of this in consideration:
A double fake out at the bottom on such a big range could potentially signal a reversal.
Thus meaning, my initial thesis can be wrong.
Should the breakout above the range hold, obviously "LONG" is the answer.
Or
Should this breakout above range actually test and re-enter the range
and fall back to FMV (fair market value)
It only means that the market is expanding even bigger,
and we'll have to take it from there then.
I deeply appreciate you taking the time to study my analysis and point of view.
USDCAD-Potential Shift in Momentum After Equal Highs LiquidationUSDCAD appears to be potentially gearing for bearish momentum now that the equal highs have been liquidated. This is more of a forecast regarding a possible change in direction rather than a specific trade idea. On a higher timeframe, my bias remains bullish, as I still expect the equal high liquidity at the 1.46965 level to eventually be traded through. However, I'll be monitoring for bearish price action and confluences when the market opens on Sunday. Price has been consolidating since mid-December, forming relatively equal highs, which suggests that the bullish momentum might be losing strength. This consolidation could signal a shift in market dynamics, and I will look for confirmation of this potential shift before making any trading decisions.
