USDCAD probably going to 1.415 soonU.S. Dollar / Canadian Dollar forum
USDCAD probably going to 1.415 soon
USDCAD were at a major support level im preferably going to look for longs in this situation
USDCAD USD/CAD could see a corrective bounceUSD/CAD could find support near the six-month low of 1.3828 recorded on Monday.
The 14-day relative strength index (RSI) shows oversold conditions, pointing to the possibility of a short-term rebound
Initial resistance is located at 1.4025 near the 9-day exponential moving average (EMA), followed by the upper boundary of the descending channel.
USD/CAD extended its fifth session of decline during Tuesday's European trading session, hovering around 1.3860. Technical analysis on the daily chart highlights a dominant bearish trend, with the pair trending downwards within a descending channel pattern.
In addition, USD/CAD remains below the 9-day exponential moving average (EMA), showing weak short-term price momentum. Meanwhile, the 14-day relative strength index (RSI) remains below 30, indicating that the bearish bias remains, but also showing oversold conditions. This opens the door for a potential short-term corrective rebound.
On the downside, USD/CAD could retest the six-month low of 1.3828 marked on Monday, which coincides with the lower boundary of the descending channel around 1.3770. A decisive break below the channel could strengthen the bearish bias and pave the way for a move towards the 1.3419 area - the lowest point since February 2024.
Initial resistance is located near the 9-day exponential moving average (EMA) at 1.4025, followed by the upper boundary of the descending channel around 1.4150. A break above the channel could turn the bias to bullish, pushing USD/CAD towards the 50-day exponential moving average (EMA) at 1.4230. Further resistance is located at the two-month high of 1.4543 set on March 4.
USDCAD USDCAD USDCAD USDCAD
USDCAD Idea: USDCAD & USDCHF (Simple and un… You can follow us for more Analysis(Images and Videos) with Precise definition of the Financial Market.
USDCAD Simple market Analysis to close some profitsUSDCAD were at a major support level longs should be considered however price action would define the direction
USDCAD CAD edges higher, hitting its strongest level vs USD since November. Gains are cautious amid BoC decision, April election, and Trump’s tariff impact, says Scotiabank’s Osborne.
USDCAD Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the USD/CAD "The Loonie" Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green MA Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉Entry 📈 : "The vault is wide open! Swipe the Bearish loot at any price - the heist is on!
however I advise to Place sell limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level for Pullback entries.
Stop Loss 🛑:
📌Thief SL placed at the nearest/swing High or Low level Using the 4H timeframe (1.40500) Day/Swing trade basis.
📌SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 1.36000 (or) Escape Before the Target
USDCAD Took a pullback long earlier for 25 pips and now the gap is pretty much disrespected. guess i will check back on this pair later this week
USDCAD going long this week