Elliott Wave Analysis: USDCAD turning upside from sideways
Hello traders, welcome to a new blog post. Today, we will discuss USDCAD as the pair is set to break out of a range that has lasted over two years. How soon can the breakout happen? In...
Tag: USDCAD
USDCAD Stages Breakout: Uptrend Reversal Confirmed or Bullish Momentum Extended?
USDCAD’s price action has shifted dramatically, with a key breakout potentially signaling a trend reversal. This analysis examines the technical situation and explores potential scenarios for the currency pair. USDCAD Breaks Above Trend Line: Upside Target in...
USDCAD Stalls at Resistance: Downtrend to Resume or Uptrend Signal?
USDCAD faces a critical juncture, with a key resistance level potentially dictating the future direction of the currency pair. This analysis examines the technical situation and explores potential scenarios. USDCAD Encounters Resistance: Downtrend Consolidation or Reversal? Uptrend...
USDCAD Struggles: Downtrend Deepening or Temporary Dip?
USDCAD’s recent price action indicates continued weakness. This analysis examines the technical situation and explores potential scenarios for the currency pair. USDCAD Stuck in Downtrend: Downside Trajectory in Focus: Signs of a Reversal? Trend Reversal or False...
USDCAD Slides Lower: Will the Downtrend Persist?
USDCAD has extended its decline, breaking through a key support level. This analysis examines the technical situation and explores potential scenarios for the currency pair. Downside Move Resumes: Potential Downside Targets: Signs of a Potential Rebound: Key...
USDCAD Slides Below Support: Downward Spiral or Short-Term Correction?
USDCAD has been on a downward path, breaching a key technical level and approaching another critical zone. This analysis explores the technical situation and potential future scenarios for the currency pair. Breakdown Confirmed: Downtrend in Focus Potential...
USDCAD Slides Lower: Can the Bulls Find Support or Face Deeper Decline?
USDCAD has recently dipped below key support levels, raising concerns about a potential trend reversal. This analysis explores the technical situation and potential future scenarios for the currency pair. Breakdown from Support Levels: Potential Downside Scenarios: Upside...
USDCAD Retreats: Range Trading or Trend Reversal?
USDCAD’s recent surge above 1.3543 resistance was short-lived, as the pair has pulled back and broken below 1.3510 support. Let’s analyze the technicals to understand what this means for the pair’s near-term direction. Range Trading or Downtrend?...
USDCAD Breaks Resistance: Will the Rally Continue?
USDCAD has displayed bullish momentum, breaking above the key resistance level of 1.3543 and extending its uptrend from 1.3358. This breakout raises questions about the pair’s future direction. Let’s analyze the technicals to understand what this means...
USDCAD Retreats: Uptrend Over or Temporary Dip?
USDCAD’s climb stalled as it encountered resistance at 1.3541, leading to a pullback that breached the 1.3464 support level. Let’s analyze the technicals to understand whether this signals a deeper decline or a mere pause in the...