USD / CAD Long Looking for a pull back and rejection with a 1h / 4h close on the 1.3500 for continued longs to 1.35400
Usdcadlongs
USDCAD Long IdeaAs we can see bullish structure on weekly and daily and price has already reacted from the daily support level we can expect price will come down to the demand level marked on 2H time frame before moving further up
Weekly Roundup: USDCADUSDCAD
Weekly bias for next week = bullish
Strong H4 reaction from weekly BPR (balanced price range)
Next target Weekly swing highs (marked on chart)
Will consider limit entries from h4 FVG's (fair value gaps)
If at the computer at the right time, will watch for m15 long triggers within H4 FVG's.
WC 26 June USDCAD Outlook: LONGAnnotations on the chart
News shouldn't really be impacting price action but sure as heck moves it.
4 weeks worth of shorts in the market for an explosion during Canada's CPI news on Tues.
Last Fri was first green day. Looking at the Asian session or the following days for a potential buy at the 50's @ H1 supply and will hold if price sustains bullishness -- that is, if a buy setup presents itself.
At least a 95 pip move ++ if we have strong bulls. 4 weeks worth of shorts in the market.
Caddy Longs USDCAD is looking bullish, with a break off a descending trend line and a formation of higher highs and a previous higher low on the 3rd touch of the counter trend I do expect cad to potentially rise up to 1.31
USD/CAD LONGA fib retracement which reaches out to last weeks low for sell side lquidity for a rally hihger to HT objectives
LongBullish intent loading. Price broke a major support level. Tested the fib level. Checking the cot USD is looking quite bullish with more longs been added.
BUYS LOADINGUSDCAD Looking good for a buy, after price broke the daily support key Level. USD looking strong on COT with more longs been added and net positions increasing.
USD/CAD show a sign of price rejections of demand!!!In H4 timeframe we see that USD/CAD is so bearish in the expectative, for now, we found out that USD want to up at least 100 pips or pull back later that in Daily we broke down the Shoulder Head Shoulder. That expectative could reach the price in the 0.382% of Fibonacci using the Daily timeframe, that mean a movement of 100 pips to pick up our earnings. And then, in the 1.3470 approximately we could to put in short position with always the confirmation of price action, it's important to entry in the best zone to buy or sell.
We could see in mid-term the bearish trend following the EMAS that I use to apply in this technical analysis and I believe that the price want' to go up into the EMA 30 in Daily, that is a possibility to earn.
And also, as reference we see a bullish rising wedge!!!
USDCAD Finds Support, Bounce Incoming (Target)USDCAD Has found support at Dec. 3rd lows. There are several signals that are pointing to an upcoming bounce. Let's take a quick look:
USDCAD had a very strong decline and stopped at Dec. 3rd low prices. This is marked yellow on the chart.
We have a Morning star pattern that formed on the last three closed candles.
The MACD is curving up with a bullish crossover, histogram moving in favor of the bulls.
Price is hovering around the lower end of the Bollinger Bands.
RSI is coming out of oversold.
A bounce can be expected after these signals show up. Target is marked purple on chart.
Gray dotted line marks the stop loss.
Thanks a lot for reading.
Remember to hit LIKE if you enjoyed this information.
Namaste.
(Buy) USDCAD Technical Analysis for March 28, 2018Time to buy USD. Targets at 1.31, stops below recent lows in the 4HR chart at 1.285.
BoC and Governor Poloz rate announcement in focus-25.10.2017Hey guys,
I'm long the USD. I don't think governor Poloz will hike rates anytime time year. Maybe next year if things get hot. Economic indicators are weak. Earlier, Retail sales and CPI under performed and disappointed investors. Furthermore, BoC was said to have angered PM Trudeau when they hiked rate in two quick succession claiming they were offsetting 2015 rate cuts. Many observers said they it was the herding effect after Feds set their rate hike range in Q4 2016.
For now, we go long because of technical considerations. We can see that upper BB price action banding after a break above resistance trend line. If price action continues to chart higher and stay above 1.27 over an extended period of time, then we enter long and aim for 300 pips minimum.
I recommend trading as follows:
Buy Stop: 1.2730
Stop Loss: below 1.2630
Take Profit: above 1.30
Have a good day.
You can also visit our analysis section at ForexToday here:https://tinyurl.com/usdcadanalysis
