Sell USDCADApproaching supply and should be a reversal approaching the weekend !
FX:USDCAD OANDA:USDCAD FOREXCOM:USDCAD
Forex-usdcad
USDCAD longPrice bouncing off a nice area of highs and price broke thought it and gave a rounded retest.
It has a daily bias, Hammer in the daily timeframe
It has a weekly bias, Bullish inside week failure.
USD/CAD Bearish Double CorrectionPrice is trading slightly bullish, but from a technical view, we are turning into a bearish bias as a double correction pattern.
Waves/ legs (W) and (X) have occurred we have to look at how wave (Y) unfolds but it can be any corrective pattern. We can look for bearish trades at the current price or wait for the first leg of the correction pattern and trade the last leg, for example with a Zig-Zag you would trade wave C.
Usdcad Analysis Forming Ascending Channel In h4 Timeframe
While Rsi Printed Massive Bearish divergence Incase Of Breakout Expecting 280 to 300 Pips Bearish Move
[03-03-2023] Forecast USDCAD Intraday Signal - Going upper BBH4Be Safe and Enjoy the Trade.
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USDCAD Analysis Hello Traders Here is my USDCAD analysis for Long Opportunity. We can see here there is breakout of Major Trendline. Also Resistance Zone.
If you found useful this idea please appreciate me by like this idea.And comment your views.
✅TS ❕ USDCAD: ✅✅ USD CAD reduced volatility before reaching the support area.
I expect a rebound and further growth. ✅
🚀 BUY scenario: long to 1.339. 🚀
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USD/CAD Trade ReviewHello Traders,
This is a NFP Trade review for USDCAD.
Price was riding the uptrend to bait traders into buys then NFP news release took back all the liquidity in shorts instantly
USD/CAD Ending diagonal [UPDATE]we had a previous analysis stating that we are currently in a triangle or triple combo correction, but after a review and suggesting different scenarios to the same chart we can also have a different reading, and honestly this is more accepted than the previous one, right now i'm not sure if wave 3 has ended and price is making wave 4 but patience is a vertue when trading waves
USDCAD LONGIt is important to remember that trading in any financial market carries inherent risks, and it is essential to develop a sound trading strategy and properly manage your risk in order to minimize potential losses.
Has the dollar topped?TVC:DXY putting a top is unpopular opinion. However, we chartist don't care for the narrative of the masses or what mainstream media tells us, the only thing that's absolute is the word of our oracle, Mr. Market .
So far, the dollar has broken the uptrend that it has been on since the end of may 2021, and retraced to the 0.382 fib level. With a clear divergence in the RSI, the dollar is due for a move higher. However, whether it's for making a higher high, or hitting the next resistance before resuming lower is still not clear.
I will keep you updated in case anything new comes from our oracle, until then have a nice day!
USDCAD SHORTHI TRADERS !!
Im Looking for a SELL on USDCAD
My last post On USDCAD was trying to go long but price fail to break my resistance , and with all XXXUSD giving buy , i see USD losing strenght , so ill look for sells now!
My entry is not given yes, but it can be ready very soon.
ill try to catch 1:2 RR move here or even more , and moving stoploss according my criteria.
What do you think of this idea?
USDCAD 100 pips down ! are you want to take this trade ?hey Traders here we have a great point for the usdcad which is short around 100 pips down so we are taking sell trade here with the 100 pips target
USD/CAD Outlook (26 October 2022)The USDCAD retraces from the recent high to trade at the 1.3660 support level. This move lower is driven by the weakness of the DXY and also respects the downward trendline.
Tomorrow, the Bank of Canada is due to release its decision with regards to the interest rates. Markets are expecting an increase of 75bps to take the interest rate to a high of 4.00%
The last interest rate hike on the 7th of September saw the USDCAD fall briefly. This is a likely scenario again, with the price likely to fall toward the 1.35 support level.
QUICK TRADE OF USCAD (SMC)This is a quick short I found, I went to go smoke a joint & play chess with a friend and i found this entry i wont enter but id still be glad if it worked out. on the higher time frames i want it to go to its montly low again so if it breaks this small trade it will get us closer to my other trades.
USDCAD Bullish Triangle PatternWe have been dollar strong for a while now, we are trading in an impulse move so it's safe to say the bullish trend/ momentum will last for a while. We are in a 4th wave phase which is a triangle pattern, which is incomplete we still need to see wave D to E form.
A different view but still anticipating the same direction would be we are finished with wave 4 but we are now forming wave 5 as an ending diagonal pattern similar to the USDCHF chart.
USDCAD LONG (SMC)OB once enters zone boom long nice 40% & im out. havent been posting my analyis latley becuse more focused on my trading. i moved to forex because my ftx is being annoying and keeps asking me for utility bills ect and ive already sent them but it cant read them i guess i dont know but im doing forex thanks fxpro and metatrader for not being annoying like ftx
USDCAD ChannelUSDCAD has uptrend channel, now we see how bulls accumulate there positions to continue uptrend!
USDCAD Is Looking Higher Within A Five-Wave ImpulseUSDCAD is breaking higher, now making some extended upward move which is acting like an impulse because of an extended and sharp move up from 1.3. As such, we think this can be impulse wave 3 where pair can slow down for a corrective pullback into wave four. Ideally that upcoming wave four will then stop and stabilize at the upper line of a base channel.
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
USDCAD downward momentum well here we have a good point for sell usdcad which is perfect retrace of 50 so we can wait and once it sustain at 0.50 fib level then we can take a sell entry which target can be at least 100 + pips
USDCADUSDCAD is still in an uptrend. The price is expected to test the key resistance 1.36349 and here there is a chance that the price will fall to correct. Wait for sell red zone, target 1.33527 and 1.32523 >> GooD Luck 😊
GOLD 1D channel Well, as we can see in the chart, we are in a descending channel, which by losing the support zone, we expect more fall to the bottom of the channel, if the channel breaks, the analysis will be updated.
Its not Buy or Sell SIGNAL
DYOR
BY : M.TeriZ - @AtonicShark
USDCAD- HIGHER PRICES!! FX:USDCAD on the longer time frame it looks as though we are heading a lot higher towards 1.3000 - 1.3300 areas.
1.3026 is the 382 from the 2020 high.
This is also the area where the ABCD will finish from October last year.
There is also the bigger ABCD from June last years low.
Once these patterns finish later in the year there could be another big sell off.
Things to watch going forward.
As it stands im looking for a pull back to get long.
