Get started

Canadian

USDCAD POTENTIAL SHORT OPPORTUNITY (1H AND 4h CHARTS) USDCAD POTENTIAL SHORT OPPORTUNITY This setup is going to be similar to the GBPCAD setup that was posted this week as well. If you look at this pair you can see that recently the market had a very dominant seller move to the downside. The biggest tell if the selloff is legit or not is going to be the RE-TEST. The re-test is a huge tell sign of whether or not that move was legit or not. As traders we must trade high probable setups so that our potential of winning is greater than of losing. This is how we will become consistent over time and it takes strong discipline to do so. Let's take a look at this USDCAD setup. 4H Chart: * on this timeframe we can see that the market had come to a high point and was followed by a very strong seller push to the downside *you only want to sell the market at high point and sell at low points. This may sound very obvious for most people but that's not the problem. The problem is that most people do not apply it to their trading *look at this timeframe for a weak re-test by the buyers to confirm the seller is in control 1H Chart: *use this timeframe to watch the pullback on a more specific level *use this timeframe also to watch and see if seller interest comes back in on the re-test (if it doesn't we wont be looking to trade this currency pair) *make sure to have good risk/reward based on this timeframe MAKE SURE TO ALWAYS IMPLEMENT PROPER RISK. NO SETUP IS A GUARANTEE THAT IT WILL GO THAT WAY. WE ARE TRADING BASED ON PROBABILITY AND YOU SHOULD ALWAYS USE PROPER RISK MANAGEMENT. PLEASE LIKE AND FOLLOW MY PAGE FOR MORE PROFITABLE TRADE SETUPS. CHEERS!
Short
by JosePips
Canadian yields reaching new 4 year highs=> Global yields are on the move as we all know and have been expecting for since the beginning of the year. => Here in Canada we can see the same scenario playing out as we break above a 4 year high and unlock 2.80/2.83 for a test. => This is a major turning point for the global economy and we are witnessing it live here on tradingview. Highly recommended for all those wanting to dig deeper in these discussions to jump in and join the telegram channel as we are advancing the conversation in real-time. => Bookmark this chapter in your economic textbooks as we are in for a very active few quarters ahead. => GL those trading in Canadian equities
TVC:CA10Y
by ridethepig
U.S. Dollar is going to drop compared to Canadian!The U.S. Dollar is going to drop compared to the Canadian dollar because of the recent election in Canada. Having the Liberal party out of the Parliament means that PC will stop the damage that was a ongoing problem with the Liberal Party. The PC party will be creating jobs and will be pulling the Canadian debt back from where it currently is as the liberals buried us in it. the liberals dropped our Dollar about 23.4% over time and that will flip with the new Party in government. So i hope you either will get out or stay in long and hope i am wrong but this is my analysis after the current Election. - Jon Matthews
Long
by matthewsjonfredrick
Bull with the usd in their grip, I am long on USDCADI am placing a buy here with the bulls on USDCAD because here after careful review, trend analysis and pattern recognition on the 1hr time frame for entry I have identified an opportunity to buy for the USDCAD pair with confluences to match. I see 1.30150 as a daily target SUPPORT AREA 8/2/2018. Take a look at my analysis I would love your feedback. My trades a specifically for intra day trading I am completely out of the market by 5pm EST each day with my profit or loss taken
Long
by UrbanGeniusOfficial
1
USD/CAD daily reviewThe main move on the USD/CAD on Wednesday occurred due to the Bank of Canada hiking their base interest rate. Namely, a hike from 1.25% to 1.50% caused a strengthening of the Canadian currency. The event was covered on the bank’s live webinar platform, and the traders present caught an initial move of 50 base points that eventually extended into a 70 base point decline until the rate met with dominant support. Namely, a support line drawn just before the data release coverage by Dukascopy Analytics turned out to be strong enough to support the currency exchange rate.
by UnknownUnicorn890690
Weekly and monthly Bullish EngulfingsWe are at the start of a bullish uptrend on weekly after a fine bullish engulfing pattern off Fibonacci support level. Bullish engulfing was also on monthly chart. Look for long entries on smaller timeframes. Price already tested back the middle of monthly engulfing candle. The bottom tails of engulfing patterns act as major supports. First major resistance expected at 85.680 (previous high, Ichimoku cloud and upper Bollinger Band - Monthly resistance at 85.568-85.643). But I believe price will get to the upper band of Hurst channel at about 92.000 as price is making higher highs on weekly. CAD is also strong. PS. My trendlines are after CLOSE (Line chart).
Long
by ICFX