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USDCAD

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There is a weekly trend line on USDCAD which will break soon. It has been acting as support for a very long time. This is a long-term trading opportunity. I am expecting USDCAD to fall at least 300 pips.

Note: USD is looking weak on other charts as well. I am expecting the USD to fall in value in the coming weeks.
#61 - June 07, 2019, 12:24:07 PM
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USDCAD has fallen about 250 pips after my last post. The trend line has been broke and it's now confirmed. I expect more bearish movement in the weeks to come. So it's not too late to profit from this opportunity.

Price is currently 1.3189. Price should fall at least another 70 pips in the shorter term. If USDCAD goes up before then, it is even a better chance to profit.
#62 - June 20, 2019, 10:13:35 PM

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USDCAD fell just as I expected. For anyone who might have traded this, it was a 300+ pips trade with very little risk.

For now, I will wait for a bullish retracement before posting about this again.
#63 - June 27, 2019, 01:22:17 PM

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There is another trading opportunity on the USDCAD Weekly chart. It's based on what I posted about last time. The price broke the trend line as I expected and fell hard. It has been retracing back up to the trend line for the last couple weeks. This is a great chance to start selling. Price is currently 1.3246. Anywhere from this price up to 1.3300 is a great time to sell.

Target is the 1.3100 area, but I think this has a good chance of falling the whole way down to the 1.2900 area. There can be hundreds of pips that can be made trading this.
#64 - August 01, 2019, 01:57:49 PM
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Robah

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I saw usdcad ascending to. back to each of us mentally. do not forget to always put a stop loss so that when we predict the wrong one does not lose much
#65 - August 14, 2019, 12:17:39 AM

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Price has retraced back up near the trend line which I posted about before and seems to be stalling out. So I think the final drop in this opportunity is about to play out. I expect the fireworks to start any time now.

Price is currently 1.3268. I expect price to fall to at least 1.31 and most likely down to even 1.30. I personally have been selling USDCAD and will continue doing so at these high levels until the target is reached.
#66 - August 19, 2019, 12:25:01 AM

Rahman

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At the close of the market Friday 13/9/2019, USDCAD has succeeded in breaking out resistance [SBR] 1.32500, it will continue the trend of writing to balance the price at the next resistance at 1.33300, the target of 40 pips first, by doing an OP BUY waiting for the price to be corrected at tf m15.
USDCAD in Technical_attachment
#67 - September 15, 2019, 09:23:50 PM
« Last Edit: September 15, 2019, 09:25:28 PM by Rahman »

Andin

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AWESOME OSCILLATOR (AO): 0.00493 = Bullish

ALIGATOR: Bullish

MODE_GATORJAW (blue): 1.31927
MODE_GATORTEETH (red): 1.32123
MODE_GATORLIPS (green): 1.32262

ADX:

ADX (14) (PRICE_CLOSE, MODE_MAIN): 43 = trending
ADX (14) (PRICE_CLOSE, MODE_PLUSDI): 27.07371
ADX (14) (PRICE_CLOSE, MODE_MINUSDI): 10.71380

Analysis based on indicators:

If ADX is above the 30 mark, the trend up again strengthens, even more convincing if the price is above the ALIGATOR and the AO remains above zero. It turns out that it's true that the AO is around 0.0049 and the price stays above the ALIGATOR.

Analysis based on price action:

The price is trying to break the Resistance which will determine whether the next price will go up or down. If the candle is able to close above the Resistance line then it is likely that the price will continue bullish but if it fails to close above the Resistance then the price may rebound or decrease.
On the H4 chart, the bullish condition continues. The price is forming the last Support at 1.32104 and the last resistance at 1.32830.

USDCAD Entry Opportunities:

From the description above, it can be concluded that for entry opportunities the plan will be implemented as follows:
BUY: 1.32448, SL: 1.31890, TP: 1.33284

Attention:

1. Entry only when confirmation has occurred.
2. Always use good Money Management (1-2% risk per transaction).
3. Close the position as soon as possible (Emergency Exit) if the price forms a Reversal candlestick that is opposite to the direction of the position.

Hopefully this analysis helps readers to see price movements and make transaction decisions


USDCAD in Technical_811621406
#68 - September 16, 2019, 02:44:31 PM

Wiliam

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for the Canadian dollar / US dollar pair, the main levels on the H1 scale are: 1.3379, 1.3343, 1.3326, 1.3297, 1.3275, 1.3208, 1.3192, 1.3172 and 1.3131. Here, we are following the development of the structure up 10 September. Short-term ascending movement is expected in the range 1.3275 - 1.3297. Breakdown of the last value will lead to a real movement. Here, the target is 1.3326. The price consolidation is in the range 1.3326 - 1.3343. We consider the level of 1.3379 as a potential high point. After reaching this level, we expect a pullback to the bottom. Short term downward movement is possible in the range 1.3208 - 1.3192. Breakdown of the last value will lead to a deep correction. Here, the target is 1.3172. This level is the main support for the peak point. Its penetration will form a descending structure. In this case, the potential target is 1.3131. The main trend of the structure rose on September 10. Trading recommendations: Buy: 1.3275 Take profit: 1.3295 Buy: 1.3299 Take profit: 1.3226 Sell: 1.3208 Take profit: 1.3193 Sell: 1.3190 Take profit: 1.3172

#69 - September 17, 2019, 07:28:52 AM
« Last Edit: September 17, 2019, 03:01:32 PM by Mikser »

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As I posted about before, there is a trend line on the USDCAD Weekly TF that has been broke and retested. Price has gone back up to the 1.3300 level. I consider this an amazing selling opportunity now. Price should start falling hard any time now. Target is around the 1.3000 level. Price is currently 1.3282.
#70 - September 18, 2019, 09:47:45 PM
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« Last Edit: September 18, 2019, 10:18:30 PM by Admin »

Givon

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USD/CAD WITH RSI

USD / CAD forecasts and analysis suggest an attempt to test the support area near 1.3075 levels. Next, continue growth with the target above the 1.3875 level. Additional signals that support growth will be a test of the trend line by the relative strength index (RSI). Cancellation of the uptrend development option will fall and break to the 1.2955 area. This will show the breakdown of the channel's lower border and continue decline of the pair with the target below 1.2565.
#71 - September 23, 2019, 08:36:23 AM
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Steven86

USDCAD Range Technical

There is confusion across the Canadians. On Friday, a reversal pattern was formed on the daily chart in the form of a pin bar aimed at the sales side, but this signal is within the range of the upper border, which is located at 1.33430, and the lower 1.31324. There is also a preponderance of sellers for the pair, which is 64%, which casts doubt on the sell signal. In general, given the current market conditions for this pair, it is best to maintain neutrality. I expect the formation of a setup that determines the direction for further trading from the boundaries of the designated range.
#72 - September 23, 2019, 03:29:43 PM
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Nono

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USDCAD 
On a pair of American and Canadian dollars, another show of strength by the bears, who continue to insist that breaking through above the round level of 1.3300 for the bulls is now beyond their strength. And at the same time, the bears themselves are not going to continue to develop that fall from the area of highs. To a greater extent, I continue to wait for the return to the same unfortunate level of 1.3300.
#73 - September 24, 2019, 06:15:17 AM
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Bacol

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USDCAD daily
Forex analysis for USDCAD on H1 time frame. At the H1 time frame, it is seen that the price is moving below the 50 (red) and 100 (white) exponential average indicators. However, it is seen that the RSI indicator is also moving below the level of 50 so that it can be concluded that USDCAD is in bearish condition and there is a possibility that USDCAD will weaken towards 1.3175.

In addition, it can be seen that the exponential moving average indicators for the 50 and 100 periods are widened, indicating a quite strong bearish trend. Bearish conditions fail if the USDCAD can go up and penetrate both the exponential moving average and the RSI to rise beyond the level of 50
#74 - September 25, 2019, 04:09:09 AM
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Liao xie

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USD / CAD moves in the horizontal channel TF-N4, (second day in flat),

but has changed the trend triangle, which I will end when going north with a test of the resistance level 1.3322 and with a further upward movement, mark 1.3377,
but the newly designated downtrend line shows a break through the picture with the first target of the support level 1.3211 and was chosen to reach the second target at 1.3156
#75 - September 27, 2019, 07:20:22 AM
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« Last Edit: September 27, 2019, 07:22:09 AM by Liao xie »
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