USDCAD Next Sell opportunity 1.3783 - 1.3762 Target will be 1.3717 1.3649 Wait for confirmation.................... SL ( Set a uniform set of 15$ ) only for your reference and you can set it according to your free margin. Recommend stop 1.3849
Hi fellow traders, USDCAD is ready to make a move lower from the blue box after completing the WXY correction. Target the 1.3432 level. Good luck and trade safe!
Hi. I think short from this level is worth a risk. After incredible dollar strength on Friday and multiple sweeps, major pairs fallen into demand zones, and because of big long positioning on canadian dollar for commercial banks, I am expecting USDCAD correction. My safe target is 1.371 - and this is where I am planning to close the position for this week. Play...
The USD/CAD pair has reached the 1.3780 area of resistance, signaling a potential reversal. This comes in the wake of a robust Nonfarm Payrolls (NFP) report for May, which dispelled fears of a weakening labor market. The report indicated strong labor demand across all sectors and higher-than-expected wage growth. Market Dynamics 1. Strong NFP Report: The...
This is the CoT index of Commercials(Blue) and Retailers(Green). As you can see, Commercials are in the high extreme and Retailers are in low extreme of the index. The vertical blue lines are the past identical situations which ended up in big rallies. Plus, when the retailers net position(green area) is around -8000 (the dotted green line) resulted in rallies...
USD/CAD FX:USDCAD has been trapped into a curve, we can see few back and forth movements since last month. Since the NFP data was quite good, we believe the price will move another wave upward after some corrections. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other...
Hello Traders In This Chart Usdcad HOURLY Forex Forecast By FOREX PLANET today USDCAD analysis 👆 🟢This Chart includes_ (USDCAD market update) 🟢What is The Next Opportunity on USDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
The USDCAD pair is currently forming a wedge-type pattern, indicating a period of consolidation that typically precedes a significant price movement. The forthcoming Non-Farm Payrolls (NFP) and Consumer Price Index (CPI) data releases will be critical in determining the direction of the breakout. ---------------------Key Levels:-------------------------------- ...
Hi fellow traders, USDCAD is ready to make a move lower from the blue box after completing the flag correction. Target the 1.3563 level. Good luck and trade safe!
Hello traders. I hope you doing well. These areas are based on my personal strategy and I will share it with you. Open a sell position on the supply area or open a buy position on the demand area. Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account. But I promise you that by trading in the...
Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial...
My positions SHORT EUR/USD and GBP/USD have been closed as its evident that SELLERS are now pushing the USD south. With that in mind, I'mnow SHORT USD/CAD. I was looking for this pair to reach the WR1 weekly pivot at 1.3744 but it now looks like this was a level too far and price has reversed 9 pips short of that target. RSI on H1 has been over 70 for several...
ENT : 1.37034 SL : 1.37180 TP : 1.3680 please trail sl after 10 pip to day news
USD/CAD has been declining since last week and shows not sign of finding support. The Andean Oscillator on the H1 time frame turned BEARISH towards the end of last week and with no obvious levels of support we can expect to see the price of USD/CAD drift lower to 1.3588 area where BUYERS may well lie. A look at the H4 time frame is revealing. All 4 EMA's...
**Monthly Chart** USDCAD is moving within a large range between 1.30000 and 1.40000 level since Oct 2022 as per monthly chart range. **Weekly Chart** The pair is still moving within the range after creating a weekly key reversal around the relative equal highs. The obvious move is to downside at least to test demand zone around 1.32000 level. **Daily...
Sell on the theory markets ranges 70% of the time, and sell on the theory markets retraces HALF of the previous leg 90% of the time. Wait for 30m LTF breakdown for entry confirmation.
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I expect price to make a retracement to fill that huge imbalance and then to reject from bullish order block. Like, comment and subscribe to be in touch with my content!
Here is my analysis for USDCAD, It is creating Lower Low and Lower High in 4 hours Time Frame and it has hit resistance zone on daily Time Frame and started downward movement, i am expecting price to keep on going downward. This is a swing trade, expecting 1:21RR.