USDCAD DAILY ANALYSIS

Did it hit TP?

Fundamentals are most times always catalyst to technicals. same as i expected. It's good that your entry allowed room for B.E

No price still trying to rebalance and, at 1:3.5 although it got to 1:6 but reversed, I am holding to tp at 1:10

Yeah but right now price is trying to rebalance again but scared because of tech falling

Usdcad still going down at 1:5RR, holding to my tp

Usdcad reversing after a sluggish upward movement

It will fall from there. The setup is so clear

Lol. You're holding your USDCAD, just like I'm holding NAS100. They both should just drive our direction next week. I'm quite sure market is wrapped up this week already.

There's a clause for me on this USDCAD. Price created double bottoms at that zone like i expected yesterday, and broke above the 1.4190 Price region. Chances of taking out your B.E is high.

If it pulls back to that resistance region it broke out from, Expect strong buy continuations except it breaks below it.

USDCAD is still trying to reverse back, fundamentals support my bias but it's just going slow I was expecting my tp today sincerely

USDCAD is still trying to reverse back, fundamentals support my bias but it's just going slow I was expecting my tp today sincerely

That resistance is a very strong one I don't expect price to break there except there is a fundamental backup

I didn't take this USDCAD trade I actually don't trade it. But I get you sha

I just noticed that USDCAD is moving independently due to oil strength today, dxy is rejecting, EU is retracing down and USDCAD is also selling instead of buying with dollar strength but rather it's selling due to oil strength and the cad strength so far base on fundamental.

My plan for USDCAD:

Price is in a demand level, almost breaking below, marked my level @ 1.41611 to 1.41635 , want to see price test those zones and reject them, then I will look for sells to the opposite liquidity level

I just noticed that USDCAD is moving independently due to oil strength today, dxy is rejecting, EU is retracing down and USDCAD is also selling instead of buying with dollar strength but rather it's selling due to oil strength and the cad strength so far base on fundamental.

My plan for USDCAD:

Price is in a demand level, almost breaking below, marked my level @ 1.41611 to 1.41635 , want to see price test those zones and reject them, then I will look for sells to the opposite liquidity level

Price should break that marked low first

Price is still there no good sign of breaking below just waiting for the next move before taking a decision

USDCAD- Price is trading within the confines of the bearish channel. A downside break and retest of the 1.4150 level is a good short opportunity.

Price is reacting from that supply, so the breaks at likely take out that marked low