Forex-usdcad
USDCAD broke support lineUSDCAD broke a strong support line and rolled back to it.
I expect the price to reach a strong support level of 1.3.
It is better to open shorts after the sell pattern.
USD/CAD (The slide on Oil can bring this pair UP)View On USD/CAD (17 Oct 2019)
As the oil slide, USD/CAD (or xxx/CAD) pairs can have some bullish rebound.
DO think twice before enter any short on these pairs at the moment.
1.315 shall a decent/strong support and 1.33 and 1.335 will be good resistant.
DYODD, all the best and read the disclaimer too.
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USDCAD near SELL zoneHello Traders!
USDCAD is next to a good resistance zone, which consists of a resistance line and a resistance level of 1.3238 + a falling trend.
I expect a fall from this zone to the support level of 1.318
USDCAD at strong resistanceHello Traders!
USDCAD at the resistance level 1.333 and at the resistance line.
I expect a fall to the level of 1.325.
Perhaps there will be a false break of this level as it was last time.
USD/CAD Technical Analysis 10/1/2019 - ShortUSD/CAD 10/1/2019. This pair has been consolidating and moving slowly for quite some time now and has failed to break above 1.33000 after almost 2 weeks of attempts.
Larger time frames are showing more bearish direction ahead, however there are multiple upward trend lines that we will run into if price continues to fall. On the daily chart, price has finally broken and closed below the 1.3350 support level that has held since September 16th.
I have entered into a short position with stops placed above the 1.33000 level and a price target of 1.31500. Price rejected the 61.8 fib level this morning at the same time negative US manufacturing news came out. We are now closed and trading below the 50 and 200 day MA on the daily. However, the 200 day seems to be holding price on the weekly.
Risk reward 1.24. I am expecting a retest of the 1.32350 level and will be looking to see if it will act as resistance.
USDCAD SELL!!!! OR BUY!!!!!Knowledge & Profits
OK Here we go again. These trades are all trades that i'm placing as well ok so i'm confident with these set ups !
BIAS: BEARISH
WHY: Prices has failed to push above 1.32500 and close significantly above. We are trend traders and this seems to be the beginning of a new bearish trend.
After 7 days of rejection we are finally seeing a a strong push back into the downside below 1.32500 . The wicks to the upside is our clue that price wont go higher. The probability here seems to be more in the favor that we're in a bearish market and you should be hitting the SELL button now buy.
Remember although my charts have huge take profit levels - Price usually never drops right away - it moves in waves and sometimes it can turn around, consolidated and take weeks to get there. Also remember to check for any upcoming news events for USD because it will effect price in a negative or positive.
USDCAD Easy Long Easy Life BabyHELLO TRADERS,
Refer to my older post to see the bigger picture.
Now we completed first part of the move and then we finished running correction.
Expecting the move to continue to 1.338 / 1.340 range. Therefore, we have a nice setup here.
Trade Setup:
SO - 1.32968
TP - 1.33992
SL - 1.32240
Check out some of my other ideas posted under 'related ideas' down below.
Don’t forget to like & follow. I will be posting forecasts & trade setups on a regular basis!
THANK YOU & GOOD LUCK!!
USDCAD H1 technical analysishello dear traders.
as you can a bearish three drive pattern is formed.
further decline to short-term support area at 1.32398 is due.
thanks for your visit.
USDCAD short term tradeHello Traders!
USDCAD is approaching the place where the gap started.
This is a strong resistance level and the price should at least roll back to support level 1.324
USDCAD LONGWant to see a gap close on USDCAD.
We broke major support and resistance zone and now we´re seeing the retest.
USDCAD short term tradeHello Traders!
USDCAD has reached support level 1.3135 and will now roll back to resistance level 1.319
USDCAD looking good for a buy of atleast 30 pipsCAD is very weak right now in relivance to USD, which is super strong at the moment. The buyers def have momentum
USDCAD will continue to fallHello Friends!
USDCAD has achieved our goals.
Now there will be a small pullback to resistance level 1.324, from where there will be a fall to the level of 1.313
Feel free to write your opinion about USDCAD in the comments
USDCADWe reached resistance zone again.
Most likely it will hold and we can look for possible shorts here.
USDCAD near resistance lvl, againHello friends!
USDCAD should return to a key level of sales. The price broke the support line of the rising channel
Then we will sell when the price is at this level, next to a strong resistance line. Target - support level 1.319
Feel free to write your opinion about USDCAD in the comments.
