Forex-usdcad
USDCADHi,
Welcome to our Analysis, we are on 4H chart of USDCAD, there are Five-Factor which is telling about bullish momentum in the market
1. Conversion line crossed above the baseline
2. baseline crosses below the conversion line.
3. Wait for Chiku span (yellow line) or lagging span to break above the Price line.
4. Kumo Cloud Formation is getting Smaller Day by Day
5. Wait for Kumo-twist to be formed
USD/CAD - Reversal Indication?We have seen price break our descending trendline. Could this be a sign that things are starting to turn for the USD?
Have a great trading day, remember - Jobless Claims data release is out today and every Thursday.
MarketBreakdown | USDCAD, GBPAUD, GBPCAD, AUDCHF
1️⃣ USDCAD - Daily time frame
The market is trading in a strong bearish trend.
The price is following a major falling parallel channel.
Now the price tests its resistance.
For trend followers, it can give a nice opportunity to catch a bearish continuation.
For breakout traders, bullish violation may initiate a strong bearish wave.
1.2725 next resistance
1.24 next support
2️⃣ GBPAUD- Daily time frame
The price is trading in a mid-term bullish trend.
Higher lows respect a rising trend line.
For trend following opportunities, consider a test of a trend line.
For shorting, wait for its bearish breakout.
1.83 next resistance
1.775 next support
3️⃣ GBPCAD - 4H time frame
The price is currently ranging.
Consider the boundaries of the range for intraday trading.
For swing trading, wait for range breakout to the downside.
1.72 next support
In case of its bullish breakout, bias will change to bullish.
4️⃣ AUDCHF - Daily time frame
The price broke and closed below major daily support.
Now bias is bearish and bearish continuation is expected.
I am looking for an intraday confirmation to short.
0.70 next support
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USDCAD 4hUSDCAD price moving in descending channel. If the price test resistance price will go down.
USD/CAD LONG OPPORTUNITY USD/CAD target is 1.2750. but 1.26 not an easy zone to break. we might see a come back to 1.25 for a retest. if not buy the break out and retest with a clean strong price action. also we gonna have a new monthly candle next week on DXY so we might see the break then...
trade safely
USD/CADCurrent View
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USD/CAD - Blend of Technical AnalysisAll the information you need is on the chart.
Confused by any of this? Or want to find out more?
Just drop me a message and we can discuss it!
Will we see price rally up to our yellow highlighted key level?
USD/CAD - Price Cycles down to Long Term SupportWe've seen USD weakness continue into the new trading week. Price produced a lovely break and retest setup on this pair, breaking our yellow support zone and retracing to retest this area - before price fell 85 pips in the following 4 hours.
Price now resides at long term support. Will we see this level broken or will dollar bulls be sitting at this level?
Have a great trading week all!
USDCAD shortWas wrong last time, and honestly was just impatient.
I didn't wait for the market to come o me, but finally it has, just had a great entry @ .2755, hoping to take this to the lows but will be monitoring it closely. Oil has been on an absolute tear so I wouldn't be surprised if the CAD has some catching up to do.
I think the best mindset to have is to be short this pair until we get a limit down day in equities, that will be the cue to look for longs and a massive rip in USD, but until then assume the USD is going south.
Stop is to breakeven now.
Caddy to going lower#USDCAD: Price broke through the bottom of the channel. 3 months of sideways action & the bears are ready to take price lower to test the 1.2600 level. More buyers are seen @ 1.2550 where price is expected to bounce
USD/CAD - Key Support Level FormedWe can see this support zone has now held for over two weeks. Following the previous break of structure we are still bullish on this pair. Price action was choppy last week on this pair.
Where is price heading next?
Have a great trading week!
USDCAD long day day trade idea. USDCADUSDCAD long day day trade idea. USDCAD. Basic setup above resistance acting as support. OANDA:USDCAD
USDCADExpecting a continuation for the up side affter this breakout and retest at the resistance that now is a supportive zone.
USDCAD strong sell-off 👇On USD/CAD is nice to see strong sell-off from the price 1.2696 , there is nice to see strong volume areas....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
Strong sellers + Sell-off + Strong volume area is my mainly reason for this short trade....
Happy trading
Dale
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USD/CAD 1H USDCAD reached the support level. There are currently two scenarios.
Scenario 1: The market reverses towards the resistance level.
Scenario 2: The market breaks the support level and continues the downtrend.
Good luck!
USDCAD at Key Level 1.38USDCAD is at a pivotal point here at 1.38. It has closed below, but then came back and closed above. These seems to be a HUGE support level and it is looking like the USDCAD will hold this level. May be a good time to buy.
Usd/cad Sell setupBased on market structure we clearly see price trending downwards, mostly in h1 structure shows clearly but we have to pay attention 1.30600 level since price on h4 timeframe and daily body closed above that area. showing strong support.
H1 timeframe
---> we have a complete retest of lower high and give us nice confluence with the volume profile and cot data
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