USDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.36000 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.36000 support and resistance zone.
Trade safe, Joe.
Usd-cad
USDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.34800 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.34800 support and resistance zone.
Trade safe, Joe.
USDCAD sell opportunity Hey Traders
We have a trading opportunity here, Let's see those reasons,,,,
Daily chart
Daily candle did not close above the resistance area and forming a nice rejection
Hourly chart
Market formed a Double Top pattern and retesting resistance area
We have multiple targets
Trade safely with money management
Be happy
If you agree with our analysis
Please leave a <> to encourage us
POSSIBLE BULLISH RUN ON USDCADHi Guys, so I expect this week to be interesting, with a lot of analysis by traders and emotions in play.
For USDCAD I expect a bullish run in line with weekly Price Action and hopefully, the market will give us that edge, possible entry levels are already indicated, don't forget to manage risk, we minimize losses till we hit the winners and maximize those. All in all its tricky but we always keep it simple.
Goodluck guys
USDCAD, H4 | Potential Bearish Reversal Price is approaching a multi-swing high resistance level, and it aligns with the 50% Fibonacci Retracement level, which could cause price to reverse from here to our take profit target.
Entry: 1.3385
Why we like it:
There is a 50% Fibonacci Retracement and a multi-swing high resistance.
Stop Loss: 1.3446
Why we like it:
There is a pullback resistance.
Take Profit: 1.3300
Why we like it:
Pullback support and a 38.2% Fibonacci Retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
USDCAD - Trend-Following Setup ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
USDCAD has been overall bearish trading inside the falling channel in red, however it is currently approaching around the upper trendline.
Moreover, the zone 1.345 is a supply zone.
🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue supply and upper red trendline.
As per my trading style:
As USDCAD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USD/CAD short idea(Back to 1.31)Hello Traders
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
USDCAD Sell opportunity arising a little higher.USDCAD is trading inside a Channel Down pattern for nearly 5 months.
The price is currently on the 1day MA50 for the first time since July 7th and second since June 1st. Obviously a strong Resistance.
The technical rejection zone however lies a little higher inside the range consisting of the 1.33845 Resistance (previous High) and the 0.618 Fibonacci level (1.34340). This is where the last Lower High was rejected.
The 1day RSI is already near its own Resistance, same as the May 25th Lower High rejection.
As a result, starting to sell when it touches it and scale sells up until the 0.618 Fibonacci, is a valid approach.
Target Support A at 1.30950 and after a rebound, Support B at 1.29555 for a technical Lower Low.
Previous chart:
Follow us, like the idea and leave a comment below!!
USDCAD to find support at current swing low?USDCAD - 24h expiry
Trend line support is located at 1.3125.
A lower correction is expected.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.3175 will confirm the bullish momentum.
We look to Buy at 1.3125 (stop at 1.3090)
Our profit targets will be 1.3215 and 1.3240
Resistance: 1.3200 / 1.3225 / 1.3250
Support: 1.3150 / 1.3125 / 1.3100
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a short term buying opportunity around 1.31400 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.31400 support and resistance zone.
Trade safe, Joe.
USDCAD Potential DownsidesHey Traders, in the coming week we are monitoring USDCAD for a selling opportunity around 1.32800 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 1.32800 support and resistance zone.
Trade safe, Joe.
USDCAD Potential Pullback to upsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.31400 zone, USDCAD was trading in a downtrend and successfully managed to break it out, currently we are waiting for a correction in order to see a potential retrace of the trend towards more highs.
Trade safe, Joe.
USDCAD critical 1M MA50 test. Sell higher or wait for break-out.The USDCAD pair hit again the bottom (Lower Lows trend-line) of the Channel Down that started on the March 10 High and on top of that almost touched the 1M MA50 (red trend-line) for the first time since September 13 2022. Naturally, this is a major long-term Support, which if broken (full 1M candle closing below it), invalidates the Channel Down and could start an even more aggressive sell-off. In that case, we will target Support 1 (1.29625) and Support 2 (1.28980) and after each 1D closing below them we will go all the way until Support 3 (1.27290).
If however the 1M MA50 and bottom of the Channel Down hold, we will wait for a test (rejection) of the 1D MA50 (blue trend-line) to open a sell. If it rises more to the 1D MA200 (orange trend-line), we will open a second sell and target Support 1 at 1.29625.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇