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Usdcadsignal

USDCAD preparing for a big dropUSDCAD ( Daily) has created a head & shoulder on the daily and strong bearish price action. It is highly likely that it will have a big drop in the monthly support zone. As per price action shown on the daily, we have seen back-to-back 2 bearish engulfing has formed. Also, we have 10EMA and 20EMA cross-over on a daily time frame. We could see a potentially larger drop in the monthly support/trend line. A selling opportunity may arise later today!! If you like this analysis don't forget to drop a comment and like the idea. Thank you for your support!
Short
by ForexWizard01
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD USDCAD is currently DOW. This is because the CAD is quite STRONG and the US CPI DATA is quite MIXED. Currently, MARKETS OVERALL RISK is being ON. For that reason, we see that CAD is becoming quite STRONG. They are currently working to make the USD STRONG with ECONOMIC DATA. Therefore, STOCKS can go down again according to US ECONOMIC DATA this week. But right now, USDCAD is selling quite a bit. Because USDCAD was BUY very fast in previous days. That's why now USDCAD CORRECTION is going on. Anyway, based on the price of USDCAD, we think that it will go back up to the 1.3220 level due to some market sentiment given by the FED and ECONOMIC DATA. Either way USDCAD SELL opportunity will return to 1.2720 most likely after FED MEETING again. We are waiting for the DOWNSIDE TREND LINE to BREAK.
by benny_marshall
UsdCad to break resistanceSince last year's low at around 1.2, UsdCad has traded upwards, putting in higher lows on our daily chart. In the past month, the pair is staying in a range, but the pressure is to the upside and a break of resistance looks imminent. Buying dips under 1.3 can be a good strategy and bulls who target 1.35 next important resistance with a swing trade can have a more than 1:3 R: R for the trade. A break back under 1.28 would negate this scenario.
Long
by Mihai_Iacob
4
USDCAD: Buy dips!USDCAD Intraday - We look to Buy at 1.2850 (stop at 1.2790) Previous support located at 1.2900. Previous resistance located at 1.2950. There is no clear indication that the upward move is coming to an end. Risk/Reward would be poor to call a buy from current levels. A move through 1.2950 will confirm the bullish momentum. Our profit targets will be 1.3000 and 1.3025 Resistance: 1.2950 / 1.3000 / 1.3025 Support: 1.2900 / 1.2850 / 1.2800 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’ ). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Long
by VantageMarkets