USD/CAD Structure is changed expected one more Move down USD/CAD Outlook Today: Live Chart Analysis & Trading Tips
Structure is changed expected one more Move down
after then go up
Usdcasd
USDCAD H4 | Potent Bearish Reversal Looking at the H4 chart, Price has reversed from the resistance level at 1.3706 which is overlap resistance. A reverse from this level, price could drop to the support level at 1.3663 along with a 38.2% Fibonacci retracement.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
USD/CAD 4HR CHART POSS SELL SET UPHi everyone this is my trade set up for the USD/CAD
USD/CAD possible short TRADE is going against the trend so slightly risky, wait for a confirmation candle or pattern to form look for something concrete then if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
USDCAD is facing bullish pressure from upside confirmationUSDCAD is testing upside confirmation, in line with our 50% fibonacci retracement nad 100% fib extension. We could see a possible further bounce above this level to our first support. This is also in line with the Ichimoku cloud where price is on support.
USDCAD is testing upside confirmation, more upside ! USDCAD is testing upside confirmation, in line with our 23.6% fibonacci retracement. We could see a further bounce above this level to our first resistance target if price closes above it. This is also in line with the trendline where price could potentially pull back towards before a reversal.
USDCAD SELL IDEA from 1.39223Here on USDCAD we can see that price has been trending downwards since early March while also still managing to stay within a consolidation zone ranging from 1.41500 to 1.38700. Price recently started to show signs it is trying to make a lower lower and continue its trend down. Price recently broke out of a structure and found strong resistance at 1.39600 indicating that it has potential to move much lower. Another reason as to why I am selling this pair is due to the fact that the DXY has been dropping and with things in the US only getting worse it seems logical to look for sells.
Entry : 1.39223
SL: 1.39728 (50Pips)
TP: 1.37203 (200Pips)
UC bearish outlook OTW WATCHOUT FOR OPEC NEWS 4/8/20 Today the 50 MA crossed over 20 MA confirming a somewhat bearish trend.
MA 150 floating over the TOP of both 50 & 20 further confirming Bearish trend
OPEC NEWS Wed will confirm bearish trend and DXY also having trouble closing over 100.86
Will update this Wednesday after news to confirm
Shorting until 1.4000 as well
Entry: 1.40928
#recession2020 is about to officially start!
USDCAD Trading in Rising Channel.USDCAD is trading in rising channel for long time we may see channel breakout on downside target 1 is @ 1.3739 if channel breakout on downside we may see target 2 @ 1.3530. trade with stoplos
USDCADIF next Daily bar close below 1.29024 price will drop more but and 4h bar close above it will lead price up to last DBD level to short it from there
USD/CAD SELLnice new downtrend developing. at the end of the exhaustion phase with a nice bearish engulfing candle forming.
