Usdcadsignal
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.
USDCAD Double top formation indication short 1.2710#usdcad, 13th-17th weekly bullish bar formed double top. 20th-24th weekly inside bar range confined within the previous bar range. weekly bar 27th-1st July insurance bar. weekly chart setup indication for weakness ahead for target 1.2710. even if breaks 1.2710 then next level is 1.2570 but 1.2710 is ideal profit taking level, expecting range before break 1.2710 support level.
USDCAD Sell - Downtrend ContinuationUSDCAD Sell/Short, Continuation of Downtrend.
Entry: 1.29454
1) Has lined up with golden level 0.618 Fibonacci retracement level for recent swing high
2) Top of a short term bear flag channel and short term recent resistance
Stop Loss: 1.29834
1) Above 0.786 Fibonacci retracement level
2) Just above some swing highs on Daily Chart
Take profit (3): 1.27059
TP1 1.29044
TP2 1.28235
TP3 1.27097
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.
A potential sell opportunity on USDCAD | ShortUSDCAD got rejected at the resistance and began to fall. We also see that the pair created a head and shoulders pattern on lower timeframe which may confirm the bearish move. I expect the market to keep falling with goal to 1.254.
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USDCAD TRAP MACRO RANGE WITH BENEFIT!!!USDCAD is hasadaily chart range of about 669 pips, consolidation phase of which as been in this range for almost 9 month now, but yet it does hasa bullish setiment to it on average. It present wonderful opportunity for both sell buy between this range. 1.30782hasacted asare of interest in terms of value for the pair double top is formed as reversal confirmation, alredy we are in the blue at the time of posting this setup.
USDCAD Double Top formation short for 1.2710#usdcad, 17th June bullish bar retest previous high. 20th June inside bar confined within the range of the previous bar. 21st June daily bar breached inside bar low dictation for weakness ahead. 1.2990 strong supply zone for short. 1.2860 initial support may pullback prices upside. my view short for target: 1.2710
USDCAD: Dollar prevails above all!USDCAD
Intraday - We look to Buy at 1.2900 (stop at 1.2840)
Previous support located at 1.2900. Previous resistance located at 1.2950. Risk/Reward would be poor to call a buy from current levels. A move through 1.3000 will confirm the bullish momentum.
Our profit targets will be 1.3050 and 1.3100
Resistance: 1.3000 / 1.3050 / 1.3100
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.