USDCAD: Bullish until 1.40530 is MetHello everyone
Been a great week for FX. Last four trades have been spot on.
Looking too long on Cad today with minimal stops, high rewards of 1.40530 about 130 ticks.
Comments, shares, etc appreciated
Forex-usdcad
USDCAD on good support Hello everyone!
USDCAD on two support lines + the trend is growing.
I expect a fall to the resistance line.
USDCAD still long Hello everyone!
USDCAD broke through the resistance line and rolled back to it, after which price began to grow.
I expect growth to continue to the resistance line .
USD/CAD Korrektur und wieder Sell fortsetzung?Dieses Paar hat die letzten Wochen schön gearbeitet, aktuell sehen wir eine Korrektur der letzten Verkaufsbewegung.
Hier sehe ich erstmal 2 Szenarien als wahrscheinlich um den Trend Fortzusetzen. Der Aktuelle Reaktionsbereich entscheidet ob wir nochmal weiter buy gehen oder ob die Korrektur ausreicht und wir uns in Richtung Gap close fortbewegen werden.
USDCAD. The price will rise to the resistance line.Hello dear subscribers!
The price of the dollar will rise.
However, I highlighted the buy zone at the very bottom,
it is likely that there the price may still fall.
The target is below the resistance line.
Good luck to you.
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This idea does not provide the financial advice.
Second chance to SELL USDCAD usdcad returns to the resistance line.
You can open a sale on this resistance line and close it on the support line.
USD/CAD - buyAfter getting into a triangle, USD/CAD might break it and enter in an uptrend. We have 2 targets, they are in resistances levels, if the price reaches the first, then we move our take profit to the secound target
Sell USDCAD on H1, M30- Structure: Downtrend
- Tendency: Downward
- Break Support zone
- Wait for Euro season and sell.
Stoploss: 1.391
USD/CAD shows serious signs of weaknessThe USD/CAD just made a strong rejection at a long-term lower high. Because of this failure, I'm expecting at least a return to the 50-line (average) marked on the chart by the purple line. Recent strength in commodity currencies (NOR/CAD/AUD/NZD) provides confluence for this.
> Numerous factors suggest that commodity-currencies (NOR/CAD/AUD/NZD) will do well against the USD and EUR for the foreseeable future:
1. Oil (CL) is at multi-year lows, trading as of this writing (April 2020) at around $20. This is likely a bottom. Countries which depend on Oil cannot sustain these oil prices.
2. The ECB and Fed. Reserve are pumping in MASSIVE amounts of liquidity to stabilize the credit markets (bonds/repo/etc.). All of this is only inflation. There's no economy to speak of at this time. And suggests that these currencies will face serious devaluation.
USDCAD one more chance to SELLUSDCAD could not break the resistance line, as we predicted.
The price is returning to this line again and I expect a fall to the support line.
usdcad profit 140 pips
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
Please any trader who has entered into this trading with me can move the stop loss to the entry level
USDCAD short Hello my friend!
My idea for USDCAD
USDCAD is still in the triangle.
I expect the bottom line of the triangle to be broken and the price will go lower.
Long - Stand above 0.382 , target 0.786 ( Fib Retracement)The most biggest trend is Head and Shoulders Bottom, so from the small part, using Fib Retracement, if the price can stand above 0.382,
it may reach to target at 0.786 in a short term trend.
usdcadWith the rise in oil prices, the Canadian dollar will be strengthened
Technically, we might see a drop after breaking the triangle on the chart
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
USDCAD still Short The resistance line that I drew in the previous forecast is still working.
The price returned to her again and after reaching this line began to fall.
I expect a drop to the support line.
1 hour consolidation- Expecting UptrendThe blue line is from the monthly chart, providing a general idea of where major support is at. the 1 hour chart is ranging, meaning its going to pick a direction to run.
