USDCAD DAILY ANALYSIS

Nice analysis

why not just mark it with a box instead of using 4 lines?

Using a box will cover the whole chart so I rather use lines to represent the open and close of each sessions

Entered USDCAD buy having a bullish sentiment, price will go up further

Take profit target hit on this trade even before ppi

What was the PPi data?

Core PPI m/m actual data came out 0.4% against 0.5% as expected

PPI m/m was 1.1% against 0.7% as expected

great explanation

USDCAD is trying to regain strength after a fall from the previous day, marked my session levels from the Asian session, and price is moving towards the lows of the Asian level, wait for a break below and a reverse back to our Asian box with a break above a key structure level then I will buy the USDCAD

USDCAD going up already

Closing USDCAD soon

Just closed this trade in profit

USDCAD is currently trading below the new week open(the grey vertical line), marked out the Asia high and lows(the red vertical and horizontal lines) and also marked the Sunday price open, low and high(the horizontal grey line) , this will serve as my confluence to go long or short on USDCAD, a break above Asia range looks for buys on pullbacks and a trend change at Asian high level look for sells.

Buying USDCAD

USDCAD hit tp successfully

Usdcad has been struggling to buy since yesterday although bought but not as expected due to Iran and us peace talk, trading usdcad today with the idea of buying after a drop below our Asia box (the blue horizontal lines marking the Asia high and low and the blue vertical line marking, the day open and the redline marked the London open), but if price continues up at London I will buy to the upside

Marked out my day open (vertical red line), my asian high and lows (horizontal red lines), waiting for price to sweep below london and break key structure up for me to buy but if price continues down and break a key structure down I will sell at anytime of the day having fed rate cut in mind

Fed news yesterday was really in support of the dollar which made the usdcad to skyrocket but, presently the market is in a rebalance state, so I have marked out a minor change of character level , if price breaks below we look for a short downside following price rebalance

My trade plan on USDCAD at London session, I marked out my London low at 1.41653 if price sweeps below that level and break above 1.41817 I will look for buys but if price doesn't break with full closure above that level my setup is invalid and I won't take the trade

Price just broke below the 1.41653 level waiting for it to break above the 1.41817 to buy USDCAD