#WaveAnalysis
#USDCAD broke support level 1.3410
Likely to fall to support level 1.3300
USDCAD currency pair under the bearish pressure after the pair broke the support level 1.3410 (low of wave B of the previous ABC correction (2) from the middle of July).
The breakout of the support level 1.3410 accelerated the active short-term impulse wave 3 of the higher impulse wave (3) from October.
USDCAD can be expected to fall further to the next support level 1.3300 (target price for the completion of the active impulse wave 3).
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#USDCAD broke support level 1.3410
Likely to fall to support level 1.3300
USDCAD currency pair under the bearish pressure after the pair broke the support level 1.3410 (low of wave B of the previous ABC correction (2) from the middle of July).
The breakout of the support level 1.3410 accelerated the active short-term impulse wave 3 of the higher impulse wave (3) from October.
USDCAD can be expected to fall further to the next support level 1.3300 (target price for the completion of the active impulse wave 3).
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#WaveAnalysis
#USDCAD reversed from resistance level 1.3530
Likely to fall to support level 1.3365
USDCAD currency pair recently reversed down from the resistance level 1.3530, which stopped waves 1 and (b) in the middle of January.
The resistance level 1.3530 was strengthened by the upper daily Bollinger Band and by the 50% Fibonacci correction of downward ABC correction (2) from October.
Given the strength of the resistance level 1.3530, USDCAD can be expected to fall further to the next support level 1.3365, low of the previous correction 2.
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#USDCAD reversed from resistance level 1.3530
Likely to fall to support level 1.3365
USDCAD currency pair recently reversed down from the resistance level 1.3530, which stopped waves 1 and (b) in the middle of January.
The resistance level 1.3530 was strengthened by the upper daily Bollinger Band and by the 50% Fibonacci correction of downward ABC correction (2) from October.
Given the strength of the resistance level 1.3530, USDCAD can be expected to fall further to the next support level 1.3365, low of the previous correction 2.
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#WaveAnalysis
#USDCAD reversed from resistance level 1.3530
Likely to fall to support level 1.3400
USDCAD currency pair recently reversed down from the key resistance level 1.3530 (which has been reversing the price from the middle of January), intersecting with the upper daily Bollinger Band and the 50% Fibonacci correction of the downward ABC correction (2) from the start of November.
The downward reversal from the resistance level 1.3530 stopped the previous impulse waves 3 and (3).
Given the strength of the resistance level 1.3530, USDCAD currency pair can be expected to fall further to the next support level 1.3400.
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#USDCAD reversed from resistance level 1.3530
Likely to fall to support level 1.3400
USDCAD currency pair recently reversed down from the key resistance level 1.3530 (which has been reversing the price from the middle of January), intersecting with the upper daily Bollinger Band and the 50% Fibonacci correction of the downward ABC correction (2) from the start of November.
The downward reversal from the resistance level 1.3530 stopped the previous impulse waves 3 and (3).
Given the strength of the resistance level 1.3530, USDCAD currency pair can be expected to fall further to the next support level 1.3400.
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#WaveAnalysis
#USDCAD reversed from resistance level 1.3530
Likely to fall to support level 1.3400
USDCAD currency pair recently reversed down from the pivotal resistance level 1.3530 (which has been repeatedly reversing the pair from the middle of January).
The downward reversal from the resistance level 1.3530 will most likely form the daily Evening Star today – strong sell signal for this currency pair.
USDCAD currency pair can be expected to fall further to the next support level 1.3400, which stopped the previous minor correction ii.
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#USDCAD reversed from resistance level 1.3530
Likely to fall to support level 1.3400
USDCAD currency pair recently reversed down from the pivotal resistance level 1.3530 (which has been repeatedly reversing the pair from the middle of January).
The downward reversal from the resistance level 1.3530 will most likely form the daily Evening Star today – strong sell signal for this currency pair.
USDCAD currency pair can be expected to fall further to the next support level 1.3400, which stopped the previous minor correction ii.
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#WaveAnalysis
#USDCAD broke key resistance level 1.3625
Likely to rise to resistance level 1.3860
USDCAD rising strongly after the earlier breakout of the key resistance level 1.3625 (which has been reversing the price from December) intersecting with the 61.8% Fibonacci correction of the downward ABC correction (2) from November.
The breakout of the resistance level 1.3625 coincided with the breakout of the daily up channel from January.
USDCAD can be expected to rise further to the next resistance level 1.3860 (former multi-month high from October, and the target for the completion of the active impulse iii).
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#USDCAD broke key resistance level 1.3625
Likely to rise to resistance level 1.3860
USDCAD rising strongly after the earlier breakout of the key resistance level 1.3625 (which has been reversing the price from December) intersecting with the 61.8% Fibonacci correction of the downward ABC correction (2) from November.
The breakout of the resistance level 1.3625 coincided with the breakout of the daily up channel from January.
USDCAD can be expected to rise further to the next resistance level 1.3860 (former multi-month high from October, and the target for the completion of the active impulse iii).
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#WaveAnalysis
#USDCAD reversed from long-term resistance level 1.3840
Likely to fall to support level 1.3600
USDCAD currency pair continues to fall after the pair reversed down with the weekly Shooting Star from the major long-term resistance level 1.3840, which has been reversing the pair from 2022.
The resistance level 1.3840 was strengthened by the upper weekly Bollinger Band.
Give the overbought weekly Stochastic, USDCAD currency pair can be expected to fall further to the next support level 1.3600.
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#USDCAD reversed from long-term resistance level 1.3840
Likely to fall to support level 1.3600
USDCAD currency pair continues to fall after the pair reversed down with the weekly Shooting Star from the major long-term resistance level 1.3840, which has been reversing the pair from 2022.
The resistance level 1.3840 was strengthened by the upper weekly Bollinger Band.
Give the overbought weekly Stochastic, USDCAD currency pair can be expected to fall further to the next support level 1.3600.
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#WaveAnalysis
#USDCAD reversed from pivotal support level 1.3585
Likely to rise to resistance level 1.3750
USDCAD currency pair recently reversed up from the pivotal support level 1.3585 (former strong resistance from December, February and March) intersecting with the lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from December.
The upward reversal from the support level 1.3585 stopped the previous minor ABC correction 2.
Given the strength of the support level 1.3585, USDCAD currency pair can be expected to rise further to the next resistance level 1.3750.
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#USDCAD reversed from pivotal support level 1.3585
Likely to rise to resistance level 1.3750
USDCAD currency pair recently reversed up from the pivotal support level 1.3585 (former strong resistance from December, February and March) intersecting with the lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from December.
The upward reversal from the support level 1.3585 stopped the previous minor ABC correction 2.
Given the strength of the support level 1.3585, USDCAD currency pair can be expected to rise further to the next resistance level 1.3750.
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#WaveAnalysis
#USDCAD reversed from resistance level 1.3740
Likely to fall to support level 1.3600
USDCAD currency pair recently reversed down from the key resistance level 1.3740 (upper boundary of the narrow sideways price range inside which the pair has been moving from the start of May).
The resistance level 1.3740 was strengthened by the upper daily Bollinger Band – which created the daily Shooting Star.
Given the strength of the resistance level 1.3740, USDCAD currency pair be expected to fall further to the next support level 1.3600, lower boundary of this sideways price range.
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#USDCAD reversed from resistance level 1.3740
Likely to fall to support level 1.3600
USDCAD currency pair recently reversed down from the key resistance level 1.3740 (upper boundary of the narrow sideways price range inside which the pair has been moving from the start of May).
The resistance level 1.3740 was strengthened by the upper daily Bollinger Band – which created the daily Shooting Star.
Given the strength of the resistance level 1.3740, USDCAD currency pair be expected to fall further to the next support level 1.3600, lower boundary of this sideways price range.
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#WaveAnalysis
– #USDCAD reversed from pivotal resistance level 1.3760
– Likely to fall to support level 1.3675
USDCAD currency pair under the bearish pressure after the price reversed down 3 times in a row from the pivotal resistance level 1.3760 (which has been reversing the price from the end of April).
Each of the last 3 downward reversals form the resistance level 1.3760 created the daily Japanese candlesticks reversal patterns Hammer.
Given the strength of the resistance level 1.3760, USDCAD currency pair can be expected to fall further to the next support level 1.3675.
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– #USDCAD reversed from pivotal resistance level 1.3760
– Likely to fall to support level 1.3675
USDCAD currency pair under the bearish pressure after the price reversed down 3 times in a row from the pivotal resistance level 1.3760 (which has been reversing the price from the end of April).
Each of the last 3 downward reversals form the resistance level 1.3760 created the daily Japanese candlesticks reversal patterns Hammer.
Given the strength of the resistance level 1.3760, USDCAD currency pair can be expected to fall further to the next support level 1.3675.
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#WaveAnalysis
#USDCAD reversed from key support level 1.3620
Likely to rise to resistance level 1.3700
USDCAD currency pair today reversed up with the long-legged Doji from the key support level 1.3620 (which has been steadily reversing the price from the start of May, as you can see below).
The support level 1.3620 was strengthened by the intersecting lower daily Bollinger Band.
Given the strength of the support level 1.3620 and the clear daily uptrend, USDCAD currency pair can be expected to rise further to the next resistance level 1.3700.
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#USDCAD reversed from key support level 1.3620
Likely to rise to resistance level 1.3700
USDCAD currency pair today reversed up with the long-legged Doji from the key support level 1.3620 (which has been steadily reversing the price from the start of May, as you can see below).
The support level 1.3620 was strengthened by the intersecting lower daily Bollinger Band.
Given the strength of the support level 1.3620 and the clear daily uptrend, USDCAD currency pair can be expected to rise further to the next resistance level 1.3700.
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#WaveAnalysis
#USDCAD reversed from powerful support level 1.3620
Likely to rise to resistance level 1.3700
USDCAD currency pair just reversed up from the powerful support level 1.3620 (which has been steadily reversing the pair from the start of May).
The support level 1.2630 was strengthened by the lower daily Bollinger Band and by the 50% Fibonacci correction of the previous sharp upward impulse from January.
Given the clear daily uptrend, USDCAD currency pair can be expected to rise to the resistance level 1.3700.
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#USDCAD reversed from powerful support level 1.3620
Likely to rise to resistance level 1.3700
USDCAD currency pair just reversed up from the powerful support level 1.3620 (which has been steadily reversing the pair from the start of May).
The support level 1.2630 was strengthened by the lower daily Bollinger Band and by the 50% Fibonacci correction of the previous sharp upward impulse from January.
Given the clear daily uptrend, USDCAD currency pair can be expected to rise to the resistance level 1.3700.
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#WaveAnalysis
#USDCAD reversed from key support level 1.3600;
Likely to rise to resistance level 1.3700.
USDCAD currency pair recently reversed up from the key support level 1.3600, which has been steadily reversing the price from the start of May.
The support level 1.3600 was strengthened by the lower daily Bollinger Band and by the 50% Fibonacci correction level of the previous upward impulse from January.
Given the predominant daily uptrend, oversold daily Stochastic and the rising bullish USD sentiment, USDCAD currency pair can be expected to rise further to the next resistance level 1.3700.
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#USDCAD reversed from key support level 1.3600;
Likely to rise to resistance level 1.3700.
USDCAD currency pair recently reversed up from the key support level 1.3600, which has been steadily reversing the price from the start of May.
The support level 1.3600 was strengthened by the lower daily Bollinger Band and by the 50% Fibonacci correction level of the previous upward impulse from January.
Given the predominant daily uptrend, oversold daily Stochastic and the rising bullish USD sentiment, USDCAD currency pair can be expected to rise further to the next resistance level 1.3700.
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#WaveAnalysis
#USDCAD reversed from long-term resistance level 1.3850;
Likely to fall to support level 1.3760.
USDCAD currency pair is under bearish pressure after previously reversing from the long-term resistance level 1.3850 (which has been repeatedly reversing the price from the end of 2022, as can be seen below).
The resistance level 1.3850 was strengthened by the nearby upper daily and the weekly Bollinger Bands.
Given the strength of the resistance level 1.3850 and the clear bearish divergence on the weekly Stochastic indicator, USDCAD currency pair can be expected to fall further to the next support level 1.3760.
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#USDCAD reversed from long-term resistance level 1.3850;
Likely to fall to support level 1.3760.
USDCAD currency pair is under bearish pressure after previously reversing from the long-term resistance level 1.3850 (which has been repeatedly reversing the price from the end of 2022, as can be seen below).
The resistance level 1.3850 was strengthened by the nearby upper daily and the weekly Bollinger Bands.
Given the strength of the resistance level 1.3850 and the clear bearish divergence on the weekly Stochastic indicator, USDCAD currency pair can be expected to fall further to the next support level 1.3760.
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#WaveAnalysis
▫️ #USDCAD reversed from long-term resistance level 1.3900;
▫️ Likely to fall to support level 1.3700.
Read more
▫️ #USDCAD reversed from long-term resistance level 1.3900;
▫️ Likely to fall to support level 1.3700.
Read more
FxPro News
Forex - USDCAD Wave Analysis 7 August 2024 | Technical analysis
- USDCAD reversed from long-term resistance level 1.3900 - Likely to fall to support level 1.3700 USDCAD currency pair recently reversed do...
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#EconomicReview
▫️ Canadian inflation slowed to its lowest since 2021, generally below expectations;
▫️ New home prices returned to year-over-year growth;
▫️ #USDCAD fell despite weak oil and came close to testing 200-day MA.
Read more
▫️ Canadian inflation slowed to its lowest since 2021, generally below expectations;
▫️ New home prices returned to year-over-year growth;
▫️ #USDCAD fell despite weak oil and came close to testing 200-day MA.
Read more
FxPro News
Forex - Canadian inflation to slow to lowest since 2021 | Market Overview
Canadian inflation slowed to 2.5% y/y, the lowest since March 2021, in line with expectations. Several core indices tracked by the Bank of Canada (co...
#WaveAnalysis
▫️#USDCAD reversed from key support level 1.3450;
▫️ Likely to rise to resistance level 1.3600.
📣Trade responsibly with fxpro.com
▫️#USDCAD reversed from key support level 1.3450;
▫️ Likely to rise to resistance level 1.3600.
📣Trade responsibly with fxpro.com
FxPro News
Forex - USDCAD Wave Analysis 3 September 2024 | Technical analysis
- USDCAD reversed from key support level 1.3450 - Likely to rise to resistance level 1.3600 USDCAD currency pair recently reversed up ...
▶️ USDCAD. Current situation. #tradelikeapro #usdcad #trandingshorts #currencytrading #tradinganalysis
Today is Tuesday, the 18th of November.
Let's discuss the Canadian dollar market.
The USDAD pair, in my view, is the most readable of the main dollar pairs when it comes to selling the US dollar.
#tradelikeapro #usdcad #trandingshorts #currencytrading #tradinganalysis
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FxPro. Trade Like a Pro. | Subscribe | Boost
Today is Tuesday, the 18th of November.
Let's discuss the Canadian dollar market.
The USDAD pair, in my view, is the most readable of the main dollar pairs when it comes to selling the US dollar.
#tradelikeapro #usdcad #trandingshorts #currencytrading #tradinganalysis
——————
FxPro. Trade Like a Pro. | Subscribe | Boost
YouTube
USDCAD. Current situation. #tradelikeapro #usdcad #trandingshorts #currencytrading #tradinganalysis
Today is Tuesday, the 18th of November. Let's discuss the Canadian dollar market. The USDAD pair, in my view, is the most readable of the main dollar pairs w...
▶️ USDCAD Current situation #tradelikeapro #trading #tradingshorts #usdcad #cadusd #currencytrading
Today we're going to discuss the Canadian dollar.
It is Monday, January 26th, and the Canadian dollar has begun to recover following the trend of all major USD pairs.
USDCAD Current situation #tradelikeapro #trading #tradingshorts #usdcad #cadusd #currencytrading
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FxPro. Trade Like a Pro. | Subscribe | Boost
Today we're going to discuss the Canadian dollar.
It is Monday, January 26th, and the Canadian dollar has begun to recover following the trend of all major USD pairs.
USDCAD Current situation #tradelikeapro #trading #tradingshorts #usdcad #cadusd #currencytrading
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FxPro. Trade Like a Pro. | Subscribe | Boost
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