USD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.3649 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 1.3707 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance. Take profit is at...
Wycoff Return to Previous Level Also bounce off Resistence USD is stronger on Indicators at the moment Lets see
Considering the recent movements of this currency in the past weeks, we can expect an upward movement from the specified area
Im looking for this plan and still stick to this. Potential move upwards as i can see that we are in correction mode. Looking for buy only. We will see for the next couple of days. In daily time frame we are currently in wave 4 . After 4 will see an impulsive move to wave 5.
USDCAD The Canadian Dollar is exhibiting a bearish trend as long as it remains below 1.3678, with targets set at 1.3628 and 1.3612. A reversal and stabilization above 1.3689 would indicate a shift to a bullish trend, potentially extending up to 1.3732. The pivot price is established at 1.3689, Resistance levels at 1.3732, 1.3773, and 1.3825. Support levels...
USDCAD - Classic bullish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Buy USDCAD Entry - 1.3639 Stop - 1.3612 Take - 1.3688 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Hello,Friends! We are targeting the 1.376 level area with our long trade on USD/CAD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
This pair is forming a bullish wedge pattern. The price is likely to break out to the upside in the near future, presenting a potential buying opportunity for traders looking to go long on this pair. However, currently the price is at a support zone, so we consider buying. Our target is 1.37266 price area.We anticipate a potential rebound from this support...
The Loonie (USD/CAD) is falling towards the pivot which has been identified as an overlap support and could potentially bounce from this level to the 1st resistance. Pivot: 1.3561 1st Support: 1.3515 1st Resistance: 1.3631 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to...
Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
I´m expecting that this currency pair will "visit" the supply above 1,36600 and then will fall to the closest demand zone at 1,35200. As you see in idea, SL is very tight, so it is very important to wait for the rejection before you enter. Monitor the rejection on lower TF like 15M or even 5M and look for CHOC or BOS on these. IF-WHEN entry conditions are met, I...
The USD/CAD pair on the M30 timeframe presents a possible shorting opportunity due to the presence of a channel pattern. Potential Short Trade: Entry: Consider entering a short position (selling) only after a confirmed breakout below the support trendline of the channel. Ideally, this would be around 1.3750 or lower if the price continues to decline after the...
Fundamental analysis The US economy should weaken, as the sharp rise in interest rates will still have its effect. If there are signs of a slowdown in the US economy, the reaction on the markets should be strong and a rapid upward movement of EUR/USD should be the result. For 2024, we expect a relatively better development of the economy in the Eurozone, where...
My dear subscribers, USDCAD looks like it will make a good move, and here are the details: The market is trading on 1.3606 pivot level. Bias - Bullish My Stop Loss - 1.3566 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.3670 About Used Indicators: The average true range ATR plays an...
USDCAD has been trading in a strong Bearish Trend, following which, a strong Bullish Divergence has been observed on the 1 hour RSI. The divergence has pushed the price action up, which currently seems to be printing new highs - a potential reversal into a strong Bullish Trend. If the price action breaks out the 1.36652 level, the price could continue in an...
I am not entirely convinced that the USDCAD can shoot up without any regressions but I think the only thing that can add to the momentum of the upward trend is a little retest and then from there we go up.
The Loonie (USD/CAD) is rising towards the pivot which acts as an overlap resistance and could reverse from this level to the 1st support. Pivot: 1.3663 1st Support: 1.3628 1st Resistance: 1.3685 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs...
We saw an impulsive phase followed by a corrective phase, so I'm trying to catch the next impulse phase