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CAD

USDCAD - Wait For The Trigger ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Daily: Left Chart USDCAD is retesting a resistance zone in blue so we will be looking for sell setups on lower timeframes. on H1: Right Chart USDCAD is forming a head and shoulders pattern but it is not ready to go yet. 🏹 For the bears to take over, we need a momentum candle close below the gray neckline. Meanwhile, until the buy is activated, USDCAD can still trade higher inside the resistance or even break it upward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
5
USDCAD: Rising to the top of the Channel for rejection.USDCAD is trading inside a Channel Down since March 10th with the 1D technicals gradually turning neutral (RSI = 44.190, MACD = -0.006, ADX = 30.614). That was after the 1D RSI got oversold and rebounded. The price should now reach as high as the 0.618 Fibonacci level and the 1D MA100 for the LH and get rejected to a new LL. We will take that opportunity and sell, targeting the bottom of the Channel Down (TP = 1.29500). With regards to the current rebound, it is done on the long term HL zone that is holding since May 2021. If the Channel Down makes a new LL as expected, it will be under the HL zone, meaning that the long term trend will get a confirmed change to bearish. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
1
🔥 NEW: USDCAD 🔥 AGGRESSIVE 🔥 Counter-Trend TradeIt appears that USDCAD could be reacting to a minor support level and pulling back to the upside before continuing the BIG PICTURE downtrend. Here's my latest setup for the Buy and the Long. RESISTANCE @ 1.3269 SLO @ 1.3245 TP3 @ 1.3235 (closing ALL Buy Orders) TP2 @ 1.3210 (shaving 25%) TP1 @ 1.3190 (shaving 25%) BSO @ 1.3166 (if Price Action pulls back to the downside) BLO1 @ 1.3150 BLO2 @ 1.3140 SUPPORT @ 1.31246
by ProfessorCEWard
AUDCAD, D1 | Bearish breakout? Price has made a pullback to a key overlap resistance level at 0.8827 which also happens to be a previous 78.6% fbonacci retracement that was broken. It's worth noting that there is strong bearish momentum from the bearish Ichimoku cloud and the lower highs being made by price. A drop from here could see prices drop all the way to the major swing low at 0.8614. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Short
by FXCM
USD/CAD breaks to a 9-month low, 1.3000 in focusCanadian consumers want to have their inflationary cake and eat it, with a hot retail sales report bolstering bets that the BOC could hike again at their next meeting in July. Whilst a hike is not yet a given, the BOC did deliver a hawkish hike earlier this month - and with consumers continuing to spend, it keeps the pressure on the BOC for further hikes. Yet a weaker USD - seemingly on the back of Jerome Powell's testimony not being hawkish enough - helped USD/CAD break to a 9-month low. The daily chart shows that is closed near the lows of the day after falling through a major zone of support. It's interesting to see the daily low found support at the September VPOC (point of control), so perhaps we'll see a minor bounce before losses resume in the direction of the breakout. The bias remains bearish beneath 1.3270, but we'd prefer to seek bearish setups o lower timeframes beneath Tuesday's low to increase the potential reward to risk ratio But if bears maintain their grip on USD/CAD, a break to new lows brings the 1.3000 handle into focus over the coming weeks.
Short
by CityIndex
🔥 STOP LOSS MODIFIED: USDCAD 🔥 Counter-Trend TradeRESISTANCE @ 1.3269 SLO @ 1.3245 ⏳ TP3 @ 1.3235 (closing ALL Buy Orders) TP2 @ 1.3210 (shaving 25%) TP1 @ 1.3190 (shaving 25%) 💰 +24 pips +SL @ 1.3169 🚫 BSO @ 1.3166 📈 +28 pips 🤑 BLO1 @ 1.3150 ⏳ BLO2 @ 1.3140 ⏳ SUPPORT @ 1.31246 💰 TP1 is in the bag for a profit of +24 pips 💪🏾 TP2, here we come!!!! 🤑 BSO Net Equity is @ +28 pips 🚫 Stop Loss has been modified to preserve capital (see above)
Long
by ProfessorCEWard
CADCHF, D1 | Reversal off major resistancePrice is testing major resistance at 0.6806 which is an overlap resistance that stretches way back. It also coincides with the 23.6% Fibonacci retracement and a descending channel resistance. If price were to reverse from here, we could see it drop all the way to support at 0.6626 which is an overlap support and 61.8% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Short
by FXCM
Breakout of the daily flag, likely more down side... **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
EURCAD SHORT TO 1.38000EURCAD have been on the rise since August 2022, and now approaching the highs of 2022, what are my expectations? We can see that above the 2022 highs, there is a weekly imbalance I labelled, so price might get to that highs before going bearish, remember that the first leg of the M formation, formed on December, so this will be our second leg. So we expect this move to flow to 1.38000 Why shorting? There on the monthly timeframe, there is a high resistance zone we are currently on and we expect continuation of trend to the downside. Please do share, and give a follow to support.
Short
by Superstarsony_05
13
NZDCAD: Sell signal after the 1D Death Cross.NZDCAD completed a Death Cross yesterday on the 1D timeframe with the 1D technicals naturally bearish (RSI = 41.395, MACD = -0.004, ADX = 27.419) as the price is under the middle of the logn term Megaphone pattern. Every Lower Low has so far been at or under the Fibonacci 1.236 extension. With the 1D RSI under an LH trendline itself, we are going short, targeting the bottom of the Megaphone (TP = 0.8000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
5