Reply to thread
Page 175 of 176 170 173 174 175 176
Results 1,741 to 1,750 of 1755

Thread: USD/CAD

     
  1. TOP MESSAGES
    2021-09-13   12:06
    Best post today #1
    Accrued payments  783 USD

    Hello USDCAD traders. The USDCAD currency pair will make interesting moves this week judging from the high-impact USD news lined up for the week.
    USDCAD H4 CHART

    On the H4 chart, the USDCAD currency pair is moving in a sideways channel. The pair has failed to make lower lows for a while now, making the 1.2420 price level a strong support level on the lower time frame. The sideways channel has its top and bottom around the 1.2800 and 1.2420 price levels respectively.
    The price of USDCAD recently made a bearish rejection of the top level of the channel and it is currently heading downwards to touch the bottom of the channel. Traders can take advantage of this bearish bounce and sell this pair from current levels to the 1.2420 price level.
    All important support and resistance levels are marked by the yellow zones in the chart above.
    USDCAD D1 CHART
    The USDCAD pair has formed an interesting chart pattern on the daily chart. The chart pattern formed is the "Head and Shoulders" pattern. It is a bearish reversal pattern that signals the end of an uptrend. When traded correctly, the head and shoulders pattern can give traders massive profits due to its high accuracy and wide profit targets.
    The profit target of this pattern is about 500 pips. Traders should only trade this pattern when it is complete and the neckline breaks. The price will break the neckline when it goes below 1.2520, signaling the sell trend that will target the 1.2020 price level.

    The attachment
    2021-09-14   04:28
    Best post today #2
    Accrued payments  401 USD

    Prediction for the USD / CAD currency pair
    Four hourly frame charts prediction
    USD / CAD, in the H1 timeframe, there is an upward trend movement, this is confirmed by the 120 moving averages which are below the price. The zig-zag indicator for USD / CAD also shows an upward structure, as low and high are rising. On the day USD / CAD is in priority, I consider purchases USD / CAD from the level of 1.25600 with the first purpose of income to the price level of 1.26800. The second goal for USD / CAD is 1.27500, stop the loss to the level of 1.26300. Buyers can be considered when breaking through and securing the USD / CAD pair at a price level of 1.26850.
    Attachment 411748
    My prediction was almost correct as USD / CAD was down to 1.2648 today. On the hourly chart, technical indicators, USD / CAD suggest bias is bearish but further upward no chance for declining is not certain. That being said, the downside should prevail and the cross would probably extend its rise to 1.26790 as long as it stays above 1.26900.
    Daily frame chart prediction
    USD / CAD pairs also look bullish and follow other pairs related to USD / CAD. This is because it looks at the H4 timeframe. There is a bearish momentum candle that closes out of the Low Bollinger Band (BB). So as such signals appear, there will be a reentry sell at the Moving Average 50 high at 1.26642. Stop-loss or cut loss will be taken if seen have bullish candle momentum close above the Moving Average. The price USD / CAD trades on the lower Bollinger line with a high probability of a price increase. The strong support zone highlighted 1.26540, while the weak resistance lies at 1.2680, soon and the strong resistance entered the 1.2700 regions. The prevailing trend is going up and I expect that it will move even higher.
    Attachment 411749
    Weekly frame chart prediction
    The buyers on USD / CAD returned to the 1.2648 level (61.8% Fibonacci) and attempt to overcome the weekly line. The MACD indicator reached the negative territory, and the base was supported by the latest data in favor of the USD / CAD. The trade balance data from the USD presented an optimistic result. The buyers target is to move near the 1.26600 support region (50.0% Fibonacci), which can be seen above the cloud of the trading area. The USD / CAD pair is trading in a bearish direction on all major monthly, weekly, and daily highs. Looking at the pair on the weekly chart, the pair is trading above the pivot point, which is a good chance to buy daily from 1.26900 to 1.27500 for the long term.
    Attachment 411750 Attachment 411751

    The attachment
    2021-09-12   06:03
    Best post today #3
    Accrued payments  2189 USD

    H4 Technical Analysis
    Hello dear friends. On Friday, the USD/CAD price was trying to stay below the 1.2590 resistance zone in the last US session, but sellers lost momentum, and the price accelerated again towards the 1.2725 resistance level. During the H4 time frame, the price support level is 1.2590, and the resistance level is close to 1.2750. Also, the 200 SMA is slightly below the 1.2590 support, and the price is likely to break this SMA line and fall further to the 1.2500 support level, which is the lowest monthly level. Technically, to break a solid rally price is necessary to break the critical resistance level of 1.2725. Because the price goes above 1.2625 resistance, it can put further pressure on the price, and the second target is around 1.2830 resistance. In addition, some additional shares could push the price to August 1.2945 high. Meanwhile, for next week's trade, we'll look at the H1 time frame.

    H1 Technical Analysis
    During the H1 time frame, we have seen a significant increase in the price of USD/CAD. The price reviewed the low of 1.2590 during the US session on Friday. But the price is currently just above the 50 SMA line, and on Monday, we can expect the price to fall to 50 SMA before reaching the resistance level of 1.2730, which is close to the 1.2660 price level. While around the 1.2730 resistance, we can decide our next trade because if the price goes above the 1.2730 resistance, we can re-enter the market with the expected target near the 1.2830-1.2860 supply area. Meanwhile, additional pressure and some new developments in the US could push the dollar higher and push the price to an August 20 high.

    The attachment
    2021-09-14   04:11
    Best post today #4
    Accrued payments  9341 USD

    D1 Time Frame Technical Outlook:
    The USD/CAD pair is trading in the sideways of the bearish channel on the daily chart and is breaking the trend line around 1.2650. The trend is sloping upward. With that said, a daily close above 1.2675 is needed to maintain the positive bias. If the breakout happens, the first target for the pair will be 1.2730. On the other hand, failure to close above 1.2640 could pressure down the pair, exposing the 200 SMA lines to 1.2680. After advancing through the 50 EMA, Bulls seeks to expand prices from a daily perspective, accessible on the Fibonacci retracement and breaking the dynamic resistance at 1.2760. However, the confluence of the 200-SMA is approaching 1.2590, but it will be challenging to break through bears on this pair, which can be reduced weekly by indecision and pass through the level of 1.2520.
    Attachment 411745
    H4 Time Frame Technical Outlook:
    During the H4 time frame, it makes sense that the pair cannot overcome 1.2690 to wait to buy some follow-through before identifying any commendable move. However, buying on substantial dips need some caution from sellers side, and the possible target zone is 1.2600. The setup range between unrelated market-moving economic releases indicates an extension of the bound price action. As we can see, moving prices swing over to the bullish region last week, but it doesn't confirm the trend to take decisive action in the market. Currently, the price is on the way to retest the trend line support, and a confluence of the previous neck highs in the bottom formation will confirm the bias if the structure undergoes an initial test 1.2725 then have confirmation for the next breakout to the resistance level of 1.2800 at the end of this week. So we need to wait for the next crossover on the moving average indicators and then find strong entry and exit points for this currency pair.
    Attachment 411746

    The attachment
    2021-09-16   20:54
    Best post today #5
    Accrued payments  11270 USD

    USD/CAD technical analysis by Fadilah:

    In my previous post, I talked about the possibility of forming the inverted head and shoulders pattern on the H4 frame, as well as testing the engulfing level on the weekly chart at 1.2618. As we can see, this has already happened, but the head and shoulders pattern is still unconfirmed because the price is still trading below the neckline. But as we will see in this post, there is a new price behavior that adds confirmation that increases the possibility of breaching the neckline this week.

    • H4 frame technical outlook:
    On the H4 frame, the price was trading within a triangle pattern as shown on the attached chart and managed to maintain the engulfing formation that we discussed in the previous post. Also, we have a positive crossover on the MACD indicator, which indicates the possibility of breaching the upper side of the triangle.
    https://forum.mt5.com/customavatars/1291508514.png
    • Daily frame technical outlook:

    On the daily chart, the pin bar pattern is still valid, as the pair regained all of yesterday's losses, but from a technical point of view, it would be good if the market closes above the level of 1.2706 today because this would mean engulfing yesterday's candle, which supports the medium-term bullish outlook, although closing above the level of 1.2690 could be enough.
    https://forum.mt5.com/customavatars/2020265645.png
    Recommendation:
    Since the price is trading near the weekly opening price, I think we have a good chance to resume the medium-term bullish trend on the H4 frame.
    So if you haven't already bought the pair, it would be better to wait for the breakout triangle pattern to go long, and those who are more conservative can wait for the breach of the neckline while maintaining the target at 1.2920.

    2021-09-14   02:42
    Best post today #6
    Accrued payments  11270 USD

    USD/CAD technical analysis by Fadilah:

    Due to the lack of high-impact economic events, the performance of the USD/CAD yesterday was modest as it moved to the bearish side with a medium-range, but the situation will be different in the coming days as the price behavior indicates that the pair is trying to gain enough bullish momentum to achieve the bullish outlook presented in the previous post.

    • H4 frame technical outlook:

    We still maintain the bullish medium-term outlook, as the price is trading above the up trend line while still trading below the neckline of the head and shoulders pattern that we discussed in the previous post, and with a negative crossover on the MACD indicator, we could see a decline in prices, especially after the US dollar index failed In the closing above the resistance level of 92.81, knowing that it is possible for the price to decline towards the level of 1.2618, which represents the level of engulfing on the weekly frame, and although the possibility of this happening is weak, from a technical point of view, it must be taken into consideration.
    https://forum.mt5.com/customavatars/496162868.png
    • Daily frame technical outlook:

    On the daily chart, the price needs to breach and close above level 1.2690 to get a confirmation candle that supports the bullish trend. However, this will not be enough to buy the pair, as we need a close above the neckline on the H4 frame as a final confirmation.
    https://forum.mt5.com/customavatars/719460467.png
    Recommendation:
    The price may have already completed the short-term bearish correction to gain enough bullish momentum to breach the neckline, but the technical factors do not support buying from the current levels, so we must adhere to the conditions of the head and shoulders pattern and wait for a confirmed breach of the neckline.

  2. #1741 You can automatically minimize the read posts in your account in the 'Forum Settings'
    MT5 Maniac
    I am:
     
    fadilah has a reputation beyond repute fadilah has a reputation beyond repute fadilah has a reputation beyond repute fadilah has a reputation beyond repute fadilah has a reputation beyond repute fadilah has a reputation beyond repute fadilah has a reputation beyond repute fadilah has a reputation beyond repute fadilah has a reputation beyond repute fadilah has a reputation beyond repute fadilah has a reputation beyond repute fadilah's Avatar
    Join Date
    May 2017
    Posts
    3,559
    Accumulated bonus
    11270 USD (What is this?)
    Thanks
    12,949
    Thanked 20,990 Times in 3,300 Posts
    SubscribeSubscribe
    Subsribed 6
    USD/CAD technical analysis by Fadilah:


    Due to the lack of high-impact economic events, the performance of the USD/CAD yesterday was modest as it moved to the bearish side with a medium-range, but the situation will be different in the coming days as the price behavior indicates that the pair is trying to gain enough bullish momentum to achieve the bullish outlook presented in the previous post.

    • H4 frame technical outlook:

    We still maintain the bullish medium-term outlook, as the price is trading above the up trend line while still trading below the neckline of the head and shoulders pattern that we discussed in the previous post, and with a negative crossover on the MACD indicator, we could see a decline in prices, especially after the US dollar index failed In the closing above the resistance level of 92.81, knowing that it is possible for the price to decline towards the level of 1.2618, which represents the level of engulfing on the weekly frame, and although the possibility of this happening is weak, from a technical point of view, it must be taken into consideration.



    • Daily frame technical outlook:

    On the daily chart, the price needs to breach and close above level 1.2690 to get a confirmation candle that supports the bullish trend. However, this will not be enough to buy the pair, as we need a close above the neckline on the H4 frame as a final confirmation.




    Recommendation:

    The price may have already completed the short-term bearish correction to gain enough bullish momentum to breach the neckline, but the technical factors do not support buying from the current levels, so we must adhere to the conditions of the head and shoulders pattern and wait for a confirmed breach of the neckline.

    Daily analysis of major and cross pairs, metals and oil

    Click here to subscribe


  3. 4 users say Thank You to fadilah for this useful post.

    Ddx Father 4x (14-09-2021), Honey Bee (14-09-2021), IFX VLadimir (14-09-2021), Skull999 (14-09-2021)

  4. #1742 You can automatically minimize the read posts in your account in the 'Forum Settings'
    Forum VIP
    I am:
     
    Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee's Avatar
    Join Date
    Nov 2017
    Posts
    9,912
    Accumulated bonus
    9341 USD (What is this?)
    Thanks
    45,608
    Thanked 40,061 Times in 8,582 Posts
    SubscribeSubscribe
    Subsribed 3
    D1 Time Frame Technical Outlook:

    The USD/CAD pair is trading in the sideways of the bearish channel on the daily chart and is breaking the trend line around 1.2650. The trend is sloping upward. With that said, a daily close above 1.2675 is needed to maintain the positive bias. If the breakout happens, the first target for the pair will be 1.2730. On the other hand, failure to close above 1.2640 could pressure down the pair, exposing the 200 SMA lines to 1.2680. After advancing through the 50 EMA, Bulls seeks to expand prices from a daily perspective, accessible on the Fibonacci retracement and breaking the dynamic resistance at 1.2760. However, the confluence of the 200-SMA is approaching 1.2590, but it will be challenging to break through bears on this pair, which can be reduced weekly by indecision and pass through the level of 1.2520.

    Name: SAVE_20210914_071003.png Views: 86 Size: 382.6 KB

    H4 Time Frame Technical Outlook:

    During the H4 time frame, it makes sense that the pair cannot overcome 1.2690 to wait to buy some follow-through before identifying any commendable move. However, buying on substantial dips need some caution from sellers side, and the possible target zone is 1.2600. The setup range between unrelated market-moving economic releases indicates an extension of the bound price action. As we can see, moving prices swing over to the bullish region last week, but it doesn't confirm the trend to take decisive action in the market. Currently, the price is on the way to retest the trend line support, and a confluence of the previous neck highs in the bottom formation will confirm the bias if the structure undergoes an initial test 1.2725 then have confirmation for the next breakout to the resistance level of 1.2800 at the end of this week. So we need to wait for the next crossover on the moving average indicators and then find strong entry and exit points for this currency pair.

    Name: SAVE_20210914_071009.png Views: 79 Size: 380.9 KB
    LATEST UPDATE
    HONEY BEE TRADING JOURNAL
    https://forum.mt5.com/showthread.php...1#post15172538

    Approved

  5. 5 users say Thank You to Honey Bee for this useful post.

    Ddx Father 4x (14-09-2021), fadilah (14-09-2021), IFX VLadimir (14-09-2021), Skull999 (14-09-2021), SweetRose (14-09-2021)

  6. #1743 You can automatically minimize the read posts in your account in the 'Forum Settings'
    Forex in the blood
    I am:
    ----
     
    IFX VLadimir has much to be proud of IFX VLadimir has much to be proud of IFX VLadimir has much to be proud of IFX VLadimir has much to be proud of IFX VLadimir has much to be proud of IFX VLadimir has much to be proud of IFX VLadimir has much to be proud of IFX VLadimir has much to be proud of IFX VLadimir has much to be proud of IFX VLadimir's Avatar
    Join Date
    Feb 2021
    Posts
    235
    Accumulated bonus
    401 USD (What is this?)
    Thanks
    912
    Thanked 1,305 Times in 140 Posts
    SubscribeSubscribe
    Subsribed 0
    Prediction for the USD / CAD currency pair

    Four hourly frame charts prediction

    USD / CAD, in the H1 timeframe, there is an upward trend movement, this is confirmed by the 120 moving averages which are below the price. The zig-zag indicator for USD / CAD also shows an upward structure, as low and high are rising. On the day USD / CAD is in priority, I consider purchases USD / CAD from the level of 1.25600 with the first purpose of income to the price level of 1.26800. The second goal for USD / CAD is 1.27500, stop the loss to the level of 1.26300. Buyers can be considered when breaking through and securing the USD / CAD pair at a price level of 1.26850.
    Name: H4.png Views: 199 Size: 51.0 KB
    My prediction was almost correct as USD / CAD was down to 1.2648 today. On the hourly chart, technical indicators, USD / CAD suggest bias is bearish but further upward no chance for declining is not certain. That being said, the downside should prevail and the cross would probably extend its rise to 1.26790 as long as it stays above 1.26900.

    Daily frame chart prediction

    USD / CAD pairs also look bullish and follow other pairs related to USD / CAD. This is because it looks at the H4 timeframe. There is a bearish momentum candle that closes out of the Low Bollinger Band (BB). So as such signals appear, there will be a reentry sell at the Moving Average 50 high at 1.26642. Stop-loss or cut loss will be taken if seen have bullish candle momentum close above the Moving Average. The price USD / CAD trades on the lower Bollinger line with a high probability of a price increase. The strong support zone highlighted 1.26540, while the weak resistance lies at 1.2680, soon and the strong resistance entered the 1.2700 regions. The prevailing trend is going up and I expect that it will move even higher.

    Name: d1.png Views: 73 Size: 59.9 KB

    Weekly frame chart prediction

    The buyers on USD / CAD returned to the 1.2648 level (61.8% Fibonacci) and attempt to overcome the weekly line. The MACD indicator reached the negative territory, and the base was supported by the latest data in favor of the USD / CAD. The trade balance data from the USD presented an optimistic result. The buyers target is to move near the 1.26600 support region (50.0% Fibonacci), which can be seen above the cloud of the trading area. The USD / CAD pair is trading in a bearish direction on all major monthly, weekly, and daily highs. Looking at the pair on the weekly chart, the pair is trading above the pivot point, which is a good chance to buy daily from 1.26900 to 1.27500 for the long term.

    Name: w1.png Views: 73 Size: 58.4 KB Name: w12.png Views: 71 Size: 42.7 KB

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

    Approved

  7. 6 users say Thank You to IFX VLadimir for this useful post.

    Ddx Father 4x (14-09-2021), fadilah (15-09-2021), Fx Endgame 77 R2D xyz (15-09-2021), Honey Bee (14-09-2021), Skull999 (14-09-2021), Unregistered (1)

  8. #1744 You can automatically minimize the read posts in your account in the 'Forum Settings'
    Forex in the blood
    I am:
    ----
     
    PK GENIUS will become famous soon enough PK GENIUS's Avatar
    Join Date
    Jun 2021
    Posts
    232
    Accumulated bonus
    213 USD (What is this?)
    Thanks
    99
    Thanked 107 Times in 81 Posts
    SubscribeSubscribe
    Subsribed 0
    USD/CAD forecast for September 14, 2021

    H-4 time frame chart analysis;
    The USD/CAD currency pair continues to move within an upward correction channel. Moving averages indicate a short-term uptrend. In addition, the pressure of buyers is indicated by the fact that prices are testing the level between the signal lines. At the time of writing the forecast, the price of the USD / CAD currency pair is 1.2 641. I assume that on September 14, the USD / CAD will test the support level at 1.2595 in an attempt to develop a decline in the pair, after which a pullback and price growth can occur with a target of 1.2835 and above.
    Name: image_4772133.gif Views: 32 Size: 14.9 KB

    H-1 time frame chart analysis;
    Additional signals in favor of price growth for the USD/CAD currency pair will be: a test of the support level on the RSI and a bounce from the lower boundary of the ascending channel. Cancellation of the above scenario would be the breakdown of the support level at 1.2545 and the continuation of the decline in quotations below 1.2435. But confirmation of the price growth of the USD/CAD pair will be the breakdown of the resistance level at 1.2735 and the consolidation of prices above this level.
    Name: image_4772134.gif Views: 32 Size: 15.6 KB

    Important events in the economic calendar that may affect the artistic movement:
    15:30 USD Core Consumer Price Index (CPI)

    I assume that on September 14, the USD/CAD currency pair will try to test the support level at 1.2595, after which the pair may continue to rise to 1.2835. Cancellation of the assumed scenario will be the collapse of the support level 1.2545 and the continuation of the pair's decline with a target of 1.2435 and below.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

    Approved

  9. The Following User Says Thank You to PK GENIUS For This Useful Post:

    fadilah (15-09-2021)

  10. #1745 You can automatically minimize the read posts in your account in the 'Forum Settings'
    Forex in the blood
    I am:
    ----
     
    James McNamara has much to be proud of James McNamara has much to be proud of James McNamara has much to be proud of James McNamara has much to be proud of James McNamara has much to be proud of James McNamara has much to be proud of James McNamara has much to be proud of James McNamara has much to be proud of James McNamara has much to be proud of James McNamara's Avatar
    Join Date
    Apr 2021
    Posts
    215
    Accumulated bonus
    973 USD (What is this?)
    Thanks
    600
    Thanked 1,240 Times in 127 Posts
    SubscribeSubscribe
    Subsribed 0
    USDCAD Analysis September 14, 2021

    D1 time frame

    Name: IMG_20210914_175950_236.png Views: 37 Size: 77.2 KB

    If you look at the chart of the Daily time frame of USD/CAD you can see that the market already is trying to form a chart pattern that looks like Head and Shoulders. If this pattern is really the scenario then the price must go to the Neckline first before continuing downward and then the next target would be the 1.22863 level. The other possibility that can be gleaned from the daily chart is that the price might try to form a Rectangle pattern and right after the price touch the 1.24290 level it will bounce up again. No matter what the scenario will be, one thing is sure and that is the price will have to go to the Immediate Demand zone/ Support area. However, the candle that formed on Friday last trading week is showing a different vibe so we should be careful to enter any short trade to target the Neckline.


    H4 time frame

    Name: IMG_20210914_175953_415.png Views: 36 Size: 72.3 KB

    From the H4 time frame, you can see that the price has been moving down but in a very cautious manner as evidenced by the candles from Monday. So far though, you can also notice that the price has not been able to break the Biggest Bullish candle from Friday. After this candle is broken then the chance for the market to go down will become even higher. It is true that last trading week we have a Market Structure Breaker and then we have a New Higher Low that can be connected to form Higher Lows. However, the price failed to break the high to form a new Higher High and this situation cancels the possibility of a Higher Highs and Higher Lows Market Structure.


    These areas/ zones are valid for the USD/CAD market for now:

    Higher Resistance (R2): 1.31431
    Immediate Resistance (R1): 1.28595
    Immediate Support (S1): 1.24290
    Lower Support (S2): 1.22863
    Simple trading with me in my trading journal:
    https://forum.mt5.com/showthread.php...1#post15249083

    Approved

  11. 3 users say Thank You to James McNamara for this useful post.

    fadilah (15-09-2021), Honey Bee (15-09-2021), PK GENIUS (15-09-2021)

  12. #1746 You can automatically minimize the read posts in your account in the 'Forum Settings'
    My pips hand is weak
    I am:
    ----
     
    Skull999 is a glorious beacon of light Skull999 is a glorious beacon of light Skull999 is a glorious beacon of light Skull999 is a glorious beacon of light Skull999 is a glorious beacon of light Skull999 is a glorious beacon of light Skull999's Avatar
    Join Date
    Jul 2021
    Posts
    158
    Accumulated bonus
    514 USD (What is this?)
    Thanks
    568
    Thanked 1,628 Times in 144 Posts
    SubscribeSubscribe
    Subsribed 0
    The Price has respected the H4 time chart resistance level of 1.2724, Why we are analyzing in this post.



    Technical outlook of H4 Time Chart from the resistance level of 1.2724
    • The USDCAD is showing a pathetic movement in a narrow range on the H4 time chart. Yesterday, the price sightly moved in the downtrend direction, and after retest, the support continues to fluctuate in a neutral direction. The formation of the inverted "Head and Shoulder pattern" is waiting for confirmation by the buyers to resume positive direction. The price has stuck in the left shoulder, and price consolidation in a narrow range may process a reversal signal upwards to achieve its bullish target at 0.2993, aiming to complete the left shoulder by reaching the target of 0.2758 at 23.6% FBIO. The moving averages MA-100 and MA-500 are below the bearish trend slot indicating a medium-term price rebound from the current level. The MACD indicator showed a flat trend after the appearance of bearish divergence. Although, the RSI indicator is also flat and showing a neutral price momentum for now.

    Name: Screenshot Capture - 2021-09-14 - 04-44-59.png Views: 35 Size: 166.9 KB


    Technical outlook of H1 Time Chart from the resistance level of 1.2645

    • I am considering the hourly chart of the USDCAD pair to analyze the medium term. The price fluctuated in the consolidation zone, with the lower level of 1.2636, a higher level of 1.2664, and trading in the narrow trend. The price is struggling to find out the momentum, although the MA-100 and MA-50 are obstacles for the potential growth for the hourly traders. However, the bear's influence may decrease the price to the support level of 1.2640, the breakout rapidly decline by the next bears wave towards the support level of 1.2610 at 36.0% FIOB, which has indicated levels shortly, therefore the market would develop rapidly with the potential growth towards the level of 1.2716.


    Name: Screenshot Capture - 2021-09-14 - 05-43-16.png Views: 32 Size: 109.0 KB
    🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
    ❤️Please, support this idea with a like and comment!❤️

    Approved

  13. 2 users say Thank You to Skull999 for this useful post.

    fadilah (15-09-2021), Honey Bee (15-09-2021)

  14. #1747 You can automatically minimize the read posts in your account in the 'Forum Settings'
    Forum VIP
    I am:
     
    Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee's Avatar
    Join Date
    Nov 2017
    Posts
    9,912
    Accumulated bonus
    9341 USD (What is this?)
    Thanks
    45,608
    Thanked 40,061 Times in 8,582 Posts
    SubscribeSubscribe
    Subsribed 3
    D1 Time Frame Technical Outlook:

    The USD/CAD rate is shifting in bullish territory and testing the weekly highs at 1.2700 as we can see that the bulls are strong on this currency pair. The price is trying to break out of the new bullish trend line and correct the continuation of the first minor breakout. If the price is about to test 1.2735, then the next potential target is 1.2780. Technically, the pair is finding the stability and try to break 1.2750 on the daily chart and is under buying pressure after hitting a high of 1.2900 last month. The descending trend line acts as a resistance barrier for the bulls. If the price stays above the 200 SMA line, it may test the first physiological resistance level 1.2765. The successful breach of the descending slip line will confirm the continuation of the new bullish momentum for the pair, and the immediate target will appear at the resistance level of 1.2835. So we need to wait for today's breakout as the dollar index price is strengthening, which will have a massive impact on this pair in the bullish region.

    Name: SAVE_20210915_064700.png Views: 42 Size: 383.3 KB

    H4 Time Frame Technical Outlook:

    In the H4 time frame, the price continues rising, and we can expect it to swing sharply and rebound to 1.2770. Traders can monitor the price action and buy the pair from which it will immediately return. However, if the pair breaks below the trend line, traders should sell and wait for confirmation of the breakout when the price crosses the moving average trend line and breaks through the 1.2640 level. Moreover, the MACD indicator is trading with a neutral position. Any move below the MACD will start a new round of sales, searching for the next target at the 1.2600 horizontal support level. The pair managed to get some positive momentum and recovered part of the previous day's slip from around 1.2760. However, common factors prevent the bulls from making aggressive movements and break any significant support or resistance level for this currency pair. Currently, the price is moving intensely in a bullish corrective phase after rejecting the previous 1.2600 support. The spread of buyers indicates that the bullish momentum will continue after the next opening session, with a long-term target at 1.2850.

    Name: SAVE_20210915_064706.png Views: 36 Size: 385.1 KB
    LATEST UPDATE
    HONEY BEE TRADING JOURNAL
    https://forum.mt5.com/showthread.php...1#post15172538

    Approved

  15. 4 users say Thank You to Honey Bee for this useful post.

    fadilah (15-09-2021), PK GENIUS (15-09-2021), SweetRose (Yesterday), Unregistered (1)

  16. #1748 You can automatically minimize the read posts in your account in the 'Forum Settings'
    Forex in the blood
    I am:
    ----
     
    PK GENIUS will become famous soon enough PK GENIUS's Avatar
    Join Date
    Jun 2021
    Posts
    232
    Accumulated bonus
    213 USD (What is this?)
    Thanks
    99
    Thanked 107 Times in 81 Posts
    SubscribeSubscribe
    Subsribed 0
    Good morning everyone and good day!


    The Canadian, no matter how hard it tried to head north yesterday morning and broke the daily pivot level 1.2657 (yesterday's value), but it started to rise after the complete move outside the lower intraday range the 1.2601 control level.

    At the moment, we are trading above the level of the Daily Pivot, which is today at the level of 1.2662, but the already closest resistance level 1.2699 did not let the price head north. Not so long ago I opened a sale. The targets are not far at first, it rebounded to the daily pivot level 1.2662.
    If we can get a foothold below, the closest target below will be the support at 1.2625.
    If the daily pivot level continues, I will close the sale and monitor the situation.
    Name: image_4775418.png Views: 29 Size: 39.6 KB

    Well, according to Al-Kindi, it turns out beautiful. Once again we found ourselves at the 2600 level, then obediently bounced back to the north and reached the 2700 level. Now let's see if the bears can turn south again. It would be great in general. So I sit quietly outside the market, expecting activity from the clubfoot, because we are constantly shooting in the horizontal aisle. If we find ourselves at 2600, I will enter the buy again of course.
    Name: image_4775378.png Views: 29 Size: 38.8 KB

    In the long-term, for the pair, I consider a bullish technical correction in the weeks. Today, we are trading H-4 in different directions but with a slight bullish slope. I kept the same buy target, this is the first weekly pivot resistance at 1.2792, and from there, it seems, if we focus on the lower floor, we can pull back.
    Name: image_4775265.jpg Views: 29 Size: 274.5 KB

    Profit for all!

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  17. 2 users say Thank You to PK GENIUS for this useful post.

    fadilah (16-09-2021), Honey Bee (15-09-2021)

  18. #1749 You can automatically minimize the read posts in your account in the 'Forum Settings'
    MT5 Rookie
    I am:
    ----
     
    HuiFX is on a distinguished road HuiFX's Avatar
    Join Date
    Oct 2020
    Posts
    21
    Accumulated bonus
    0 USD (What is this?)
    Thanks
    31
    Thanked 20 Times in 13 Posts
    SubscribeSubscribe
    Subsribed 0
    Economic Calendar Overview

    Hello everyone! Let's take a look at the calendar above. It looks like there is high-impact news for CAD. There will be Interest Rate for CAD currency. I think it will bring good enough volatility to any CAD pair today.

    Technical Analysis for USD/CAD based on Daily Timeframe

    I think USD/CAD will be good to buy, especially if you plan to hold your open position for more than one day. Because the stochastic oscillator is still showing a bullish trend, and five periods of a smoothed moving average also show a bullish trend. And I think the nearest target profit will be 1.2750 or around the upper band of the Bollinger band.

    Technical Analysis for USD/CAD based on H4 Timeframe

    From my technical chart above, it seems five periods of a smoothed moving average showing a bullish trend, and the stochastic also in a bullish trend. So, I think for today, it is better to make a buy trade. For the target profit, I think we can aim for 1.2750 or around the upper band of the Bollinger band.

    Technical Analysis for USD/CAD based on H1 Timeframe

    It seems in the next couple of hours, USD/CAD will try to move lower. Because five periods of a smoothed moving average are already pointing down, so it indicates a bearish trend is starting. And another reason is the stochastic oscillator is also shows a bearish trend. So, if you want to open a scalping sell trade, you can do it. The target will be around 1.2665 or around 50 periods of the Bollinger band.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  19. The Following User Says Thank You to HuiFX For This Useful Post:

    fadilah (16-09-2021)

  20. #1750 You can automatically minimize the read posts in your account in the 'Forum Settings'
    Forex in the blood
    I am:
    ----
     
    PK GENIUS will become famous soon enough PK GENIUS's Avatar
    Join Date
    Jun 2021
    Posts
    232
    Accumulated bonus
    213 USD (What is this?)
    Thanks
    99
    Thanked 107 Times in 81 Posts
    SubscribeSubscribe
    Subsribed 0
    Hello my colleagues.

    The USD/CAD trading tool plays an interesting game. Browsing the indicators, we see recommendations to buy, which is generally a good idea on the hourly time frame. In the short term, the Canadian dollar will continue to lose steam and I expect it to head towards 1.2663 pips. I see 1.2684 as the next target for the currency pair. If the 30 TF is fixed at 1.2618, then I expect a deeper downward movement beyond the local level at 1.26. The general analysis of the prices of one of the currency pairs shows that it is not best to enter the market for this trading instrument at the moment. The news background in the middle of the mid-range indicates the potential strength of the US currency in the market, so the north can be expected.
    Name: image_4778828.png Views: 19 Size: 69.2 KB

    The uncertainty in this currency pair is observed on the studied H4 chart. The odds of betting on both sides are the same. There is a reveal of the price in the uncertainty number a narrow triangle, now the price is at the lower end of that number. It will probably be there inside the number and will remain until news releases at 15-30 from America, the Index of Productive Activity and the Core Indicator of Retail Sales. There is not much sense of pointers in this case. In any case, while the price is inside the pattern, it is better not to enter this tool at the moment, if the picture is clearer for other currency pairs.
    Name: image_4778847.jpg Views: 19 Size: 323.5 KB

    It can be seen that for most major currency pairs, for most currency pairs, for many, for sure, this trading week is characterized by a rather weak flat movement, and the US dollar is no exception in this regard in relation to one Canadian. It can be seen that at the moment the price is trading mainly at the lower support line, more specifically around the value of 1.2640. Now the price is trying to form a gradually increasing ascending impulse inside the current price corridor, but so far it has managed to break out of the lower support line very little.
    Name: image_4778608.jpg Views: 19 Size: 152.9 KB

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  21. The Following User Says Thank You to PK GENIUS For This Useful Post:

    fadilah (16-09-2021)

Reply to thread
Page 175 of 176 170 173 174 175 176

Subscribed to this Thread : 13

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts