The current buying zone for CAD/USD stands at 0.7310, indicating a favorable entry point for traders looking to purchase Canadian dollars with US dollars. This suggests that the Canadian dollar is valued at 0.7310 US dollars, presenting an opportunity for investors to enter the market at this level. As for potential gains, traders can set their take-profit levels...
hello guys... I published before about the head and shoulders pattern and the rising pattern, you can check it that the target touched! You can see the usdcad made a Quasimodo pattern and it is possible to start an upward movement to the blue area! but the question is from where?! there are two scenarios: 1- starting from the QML (S1) 2- starting from the...
the USDCAD currency pair is presenting a selling opportunity at the price level of 1.37251. This means traders might consider initiating a sell position at this price point. To optimize potential gains and manage risk effectively, traders could set multiple take profit targets. These targets are identified at 1.37000, 1.36600, and 1.36400 respectively, indicating...
Usd/Cad - On the daily timeframe we are extremely bullish . We have room to catch atleast +100 pips this week . You can see previous daily candle closed bullish rejecting our fib levels . Also , price is making higher highs and higher lows and this can be the potential higher low to break daily High . Long term Take profit target is the -0.27 & -0.62 👍🏼 Daily :
I have observed a clear bullish signal on the USDCAD chart following a successful test of an important support level. The price has created an ascending triangle pattern on the 4-hour chart and has broken above its neckline. I anticipate that the price will soon reach levels of 1.3739 and 1.3800.
Hello Traders, here is the full analysis. Price reversal going up, levels for BUY . ! Great BUY opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDCAD has been overall bullish , trading inside the rising channel in blue. At present, USDCAD is undergoing a correction phase, trading within the short-term falling channel in red, and it is currently approaching the lower bound of the channel. Moreover, it is...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
Here I have USD/CAD on the Daily Chart! Price on UCAD has been Ranging between the Resistance Zone @ ( 1.3880 - 1.3804 ) & Support Zone @ ( 1.3223 - 1.3116 ) since Sept. 2022!!! Price revisited the Resistance Zone on Apr. 16th-17th and since has created a LOWER LOW with price finding a Minor Support Level @ ( 1.3647 - 1.3616 ) Suspecting Price may be creating a...
The price perfectly fulfills my last idea. It hit the target level. FX:USDCAD is basically moving sideways between 1.36000 and 1.38000. The market broke and closed above the strong level at 1.37000. On the daily timeframe, we can see that the major trend is bullish. Additionally, there is a long-tailed bar that took liquidity below the range zone. I expect the...
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...
We expect a slow move to the upward direction and then sharp down and then sharp up making Regular Flag or expanding flag.SR SL TP are given to the charts.Result will be updated soon.
Bearish Bat Pattern has been observed on the 1 hour timeframe. Trade on the break of previous LL. Trade Plan: Short Entry: 1.37117 SL: 1.37658 TP1: 1.36580 TP2: 1.36040
FX:USDCAD touched the bottom of the ascending channel with the confluence of Weekly order block and multiple FVG. NFP was nicely used for the manipulation below PWL. Now can see displacement to the upside with H1 BPR. I believe next week will see a bullish expansion. In the COT we can see that longs are being added and shorts closed which are below the average...
The confluences that support the bullish bias 1. Price is within the Daily FVG 2. The third touch on the trend line confluences with the fvg zone 3. Buy side liquidity is a low resistance liquidity pool 4. there are no bearish structures
🕵️♂️ Let's delve into analyzing the popular forex pair USDCAD for the upcoming week! 🌟 In higher time frames, particularly weekly, the US dollar versus the Canadian dollar has been ranging between the price levels of 1.31811 and 1.38292 over the past 600 days. This indicates a logical fluctuation without any significant market-moving news. 🕯️ After reaching...
Market Analysis: USD/CAD Regains Strength USD/CAD is rising and might aim for more gains above the 1.3760 resistance. Important Takeaways for USD/CAD Analysis Today USD/CAD is showing positive signs above the 1.3685 support zone. There is a major bullish trend line forming with support at 1.3720 on the hourly chart at FXOpen. USD/CAD Technical...