USD/CAD likely to move UP!Hey tradomaniacs,
USD/CAD is finding support at the current trendline and support-zone.
Overall a great spot to look for longs with a nice risk-reward!
What do you think?
Usdcadlong
USDCAD - Daily Trade Idea - 22-Nov-22USDCAD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
USDCAD LONGDollar strength back, Nice bounce of the previous support. Dont see this stoping anytime soon.
USDCAD buying opportunity | 21 Nov 2022USDCAD saw a downtrend until it came to test the 1.32200 support zone, where we also saw a double bottom formation with a break above its neckline at 1.33200. Price rebounded, only to tap the 1.33200 resistance zone, and proceeded to oscillate between the two zones between 14-17 November. Finally on 17 November, weak Canadian inflation and buoyant US retail sales data provided a strong fundamental upside momentum to USDCAD, which pushed prices past the 1.33200 resistance turned support zone. We forecast price to continue along the bullish trend to the next resistance zone at 1.35500, which coincides with the 100% Fibonacci retracement level. There is a buying opportunity when price approaches the lower bound of the bullish channel. Prices are lying above the Ichimoku cloud as well, supporting our bullish forecast.
USDCAD LONG at 1 HR TF- Cup handle formation is confirmed
- DXY is on a bullish trend
- Clean HH and HL formation
- Broken important FIB level
Entry: 1.34156
SL: 1.33710
TP1: 1.34446
TP2: 1.34802
USDCAD Analysis Week 11/20-11/25 2022On USDCAD, I used a simple Top-down analysis of the Daily, 4H, and 1H time frames. On the daily we can see a start if a potential downtrend, but was met at a daily support level. On the 4H we can see price rejecting multiple times from this daily support. Thus, giving us a clear indication that buys are active in the market. We will look at our 1H time frame this week to find buying opportunities.
USDCAD - Daily Trade Idea - 21-Nov-22USDCAD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
🟢 USDCAD - 4H (09.11.2022)🟢 USDCAD
TF: 4H
Side: Long
SL: $1.33873
Entry: $1.34289
TP 1: $1.34867
TP 2: $1.35481
TP 3: $1.35978
USD is gaining strength again so it's time to start buying it.
USDCAD ON BULLISH RALLYGood day traders
As we are looking at USDCAD, we can see it on a bullish uptrend on a weekly market, and we go to one hour chat we see it playing around the trend giving us a signal to buy it, going to 4H chat we notice the market giving us a double bottom and also retesting our entry points.
USDCAD - Short bearish orderblock ✅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 higher and then to reject from bearish orderblock + institutional big figure 1.35000.
Like, comment and subscribe to be in touch with my content!
USDCAD Breakout Long! USDCAD was trading below
The falling resistance but now
We are seeing a strong breakout
Which makes me expect
The price to further up
USDCAD M30: Bullish outlook seen, further upside above 1.33000On the M30 time frame, a throwback to the support zone at 1.33000, in line with the Fibonacci confluence levels presents an opportunity to play the bounce with 1.33900 as the resistance target. The 1.33900 resistance zone coincides with the graphical support-turned-resistance zone and 50% Fibonacci retracement. Failure to hold above the 1.33000 support zone could see prices push lower to the next support zone at 1.32500. Prices are holding above the Ichimoku cloud as well, supporting the bullish bias.
USD/CAD likely to move up!Hey tradomaniacs,
USD/CAD has tested a strong key-support-zone which is the breakoutzone of the current major trend.
The oderflow looks bullish so far in the small timeframe, so I will give it a long trade but ofc with aggressive management until we see a break out of the current consolidation.
What do you think?
USDCADHi traders, USDCAD watch price to go around our mentioned pattern completion area and look price action with your according strategy on the bottom for a long position opportunity GOOD LUCK.
USDCAD is ready to go longUSDCAD has just finished a downtrend after a clear breakout. A new trend is starting and the target is now 1.3550.
LONG ON USD/CADPrice has been falling on this pair for some time but now it is coming up from a oversold state on the rsi with divergence.
Price also created a double bottom at a major support level/key area.
I expect price to rise to the next resistance level.
Here is the play i will be taking on this pair:
Entry - 1.33066
SL - 1.32596 47 PIPS
TP - 1.35383 231 PIPS
USDCAD Buy Opportunity- I am expecting some bullish pressure of the USD this week.
- Price may may a final bearish push that may create a bearish reversal pattern, testing the below area of support
- From there price will test the previous area of support which created the above head and shoulder (or triple top) before it broke below.
-This move is just a retracement to test that area before possibly dropping lower.
-Looking for price to test the 1.35 area.
Please, like or comment your idea/analysis !
Long USDCADUSDCAD is bouncing from support at 1.3250, I have entered into long position from that level with stop loss at 1.3210 and target profit at 50% retracement of recent down move this gives us more than 1:3 risk reward ratio.
USDCAD BuyThe 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.
