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Buyusdcad

USD/CAD!! New week for recovery early December✍️ NOVA hello everyone, Let's comment on USDCAD price next week from 4/12 - 8/12/2023 🔥 World situation: The Canadian Dollar (CAD) is currently experiencing upward movement in trading on Friday, once again strengthening against its primary counterpart, the US Dollar (USD). This comes after Canadian employment data surpassed market expectations by a significant margin. Throughout the week, the Canadian Dollar has been one of the best-performing currencies, exhibiting a 1% increase against the US Dollar since Monday's opening rates. In November, Canada witnessed nearly double the number of job additions compared to the median market forecast. Approximately 25,000 new positions were created, surpassing the projected 15,000 and outpacing October's 17,500 new jobs. 🔥 Identify: A week without much important news about CAD, the price is moving towards a fairly strong support zone along with the resistance zone according to FIBONACCY, setting up a BUY signal. 🔥 Technically: Based on the resistance and support areas of the USDCAD price according to the D1 frame, NOVA identifies the important key areas as follows: Resistance: 1.35800 ; 1.37800 Support : 1.34450 🔥 NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Long
by Nova-Scalper
1
USD/CAD! 28/11 support zone BUY NOW ⭐️ Smart investment, Strong finance ⭐️ USDCAD INFORMATION: The USD/CAD continues to decline for the third straight session, trading below the psychological level of 1.3600 during Tuesday's Asian session. The Canadian Dollar (CAD) receives some support from the rise in Crude oil prices and positive market sentiment. Currently, the price of Western Texas Intermediate (WTI) has broken its four-day losing streak and is hovering around $75.30 per barrel. All attention is focused on the upcoming important OPEC+ meeting, with widespread expectations for a decision to further reduce and prolong cuts to oil production. ⭐️ Personal comments NOVA: According to the H1 frame, the price retested the support area of ​​1.36000. Buying pressure is unlikely to overcome this support zone today. SET UP BUY signal recovers ⭐️ SET UP USDCAD PRICE: 🔥BUY USDCAD zone: 1.36000-1.35900 SL 1.35500 TP1: 1.36300 TP2: 1.36600 TP3: 1.37000 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Long
by Nova-Scalper
1
USDCAD - BUY opportunitySince we see OIL moving lower in our SELL Oil strategy, the USDCAD very likely will move higher. The weekly chart shows clearly being below the DARK CLOUD cover, but as observed it has been for some time. The STOCHS are showing that we may turn the tide, and MACD seems deceiving showing a SELL SIGNAL. The good thing about technical indicators is, never look at only one, but study across the board. My personal feel is, the weekly candle close ( DOJI CROSS) and STOCHs plus OIL, suggest to buy current and take profit around 1.2580, and likely we will move inside the dark cloud. Have patience and one may see 1.2750 again.
Long
by peterbokma