USDCAD has just finished a downtrend after a clear breakout. A new trend is starting and the target is now 1.3550.
The market of USDCAD is near to its demand zone. Wait for the rejection on demand zone then take buy position on it. If market gives breakout to its demand zone then dont try to buy it.
This for Long Term Divergence IN RSI. Before entering trade do your own research.
Buy Limit USDCAD 1.33200 SL 1.32900 TP 1.34400 RR 1:4 Risk 1%
Hi traders, USDCAD is setting up for a upside move i am expecting from price to come around our mentioned area and looking price action for a long position opportunity GOOD LUCK.
Dollar is very strong Fundamentals are in our favour.
so this is a tricky area for cad the main thing is the trend is down so im looking and waiting for sell setups at the moment now with that being said there is equal lows meaning theres a nice amount of liquidity resting below 1.34600 area so im looking for break of that for a sell or for buyers to push price up to retest that trend line area possible even retest...
USDCAD has successfully breakout its support level. Now if market show fake breakout then buy it.
Hey tradomaniacs, after breakout we`ve seen a retest. Price forming support delivering a good chance to buy. What do you think?
#USDCAD USDCAD is now quite BUY. The reason is that OIL is slightly WEAK and USD is slightly UP. Also, MARKETS RISK has been OFF again. And the US CPI data was very good. The FOMC OUTLOOK was also very POSITIVE yesterday. So now USD has become very STRONG. US RETAIL SALES DATA was also very POSITIVE. As a result, the sentiment related to USD became STRONG...
Hello traders! ‼️ This is my analysis on USDCAD . Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect bearish price action from this bearish orderblock + institutional big figure 1.38000 after price filled the imbalance. Like, comment and subscribe to be in touch with my content!
USD/CAD is the abbreviation for the U.S. dollar versus Canadian dollar (USD/CAD) currency pair. The quote given for the USD/CAD currency pair tells the reader how many Canadian dollars (the quote currency) are needed to purchase one U.S. dollar (the base currency).
rather it gets a pull back or just a breakout due to the double bottom im seeing some upside b4 any possible down move and it could postenially push towards that strong high
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders! ‼️ This is my analysis on USDCAD. Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalance and reject from bearish orderblock + institutional big figure 1.37000. Like, comment and subscribe to be in touch with my content!
This is for short term And this is risky too. Please DYOR before entering the trade.
Keep an eye on Dollar Currency Index. If it goes into Bullish then try to look Buying opportunity on USDCAD pair. I am bullish on it.