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Usd-cad

USDCAD to find buyers at market?USDCAD - 24h expiry Previous support located at 1.3570. Previous resistance located at 1.3600. Indecisive price action has resulted in sideways congestion on the intraday chart. Momentum is flat, highlighting the lack of clear direction. We have a 61.8% Fibonacci pullback level of 1.3525 from 1.3640 to 1.3570. Risk/Reward would be poor to call a buy from current levels. We look to Buy at 1.3555 (stop at 1.3520) Our profit targets will be 1.3645 and 1.3665 Resistance: 1.3600 / 1.3650 / 1.3675 Support: 1.3570 / 1.3550 / 1.3525 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.
Long
by OANDA
USDCAD to find support at market 61.8% retracement?USDCAD - 24h expiry - Previous support located at 1.3525. Previous resistance located at 1.3600. The corrective move lower has stalled overnight and reacted higher from in front of the 61.80% Fibonacci retracement of 1.3525. We expect a reversal in this move. A move through 1.3560 will confirm the bullish momentum. We look to Buy at 1.3530 (stop at 1.3490) Our profit targets will be 1.3630 and 1.3650 Resistance: 1.3580 / 1.3600 / 1.3700 Support: 1.3525 / 1.3500 / 1.3475 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.
Long
by OANDA
USDCAD - Bulls Took Over, Now Wait For Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart) USDCAD rejected our lower red trendline and green support, and traded higher. Now USDCAD is approaching the upper red trendline so we will be looking for sell setups on lower timeframes. Moreover, the red zone is a strong supply. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the red supply and upper red trendline. (acting as non-horizontal resistance) As per my trading style: As USDCAD approaches the upper red trendline and 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
Short
by TheSignalyst
6
USD/CAD bulls eye 1.3700A strong bullish trend has developed on the 1-hour chart of USD/CAD, which is underscored by its timely yet shallow retracements. It's found support along the 10-bar EMA to show bullish momentum is increasing and the OBV (on balance volume) is trending higher with prices. A retracement has also found support around the weekly R1 pivot and the high of a prior bullish engulfing candle, whilst holding above the daily pivot point. The bias is bullish above the daily pivot and for a rally towards 1.3700, with the daily R1` and weekly R2 pivot providing potential targets for bulls just below 1.3700.
by CityIndex
USDCAD Potential UpsidesHey Traders, USDCAD was trading in a downtrend and successfully managed to break it out after a bunch of fed hawkish comments about the monetary policy, Fed Waller the last week mentioned that inflation is still a concern and fed still has to act, and this week we had another intervention from fed Williams confirming and pointing on the same thing mentioning inflation is still way too high so that make us expect another rate hike on early May that should trigger USD strength in the medium term. Technically we will be watching a potential retrace of the trend from 1.33 area. Trade safe, Joe.
Long
by JoeChampion
10
USDCAD BullishThe USDCAD ended its downtrend by breaking the downward trend line since March and the resistance level around 1.342, as well as the 100 and 200 moving averages on the hourly timeframe. Since this pair tends to move within price channels, it can be said that the price is now heading towards a third peak in the local upward price channel at the level of 1.347/49. After that, it may bounce back to create a new base at 1.342, where it will also test the support level and Fibonacci 23.6%. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Long
by Candlestick_OB
2
USDCAD...UPTREND (3D/3H) ✨ PART II00:00 Annoyed That I Took Profit 01:10 My Sell Positions 01:35 Demand Zones and Immediate Retest 01:58 Shaving and Taking Profit 02:33 Follow, Join, Boost, and Comment As anticipated, Price Action for our Buy Position has reached Supply and now we're ready to short this thang again. (2) SLO2 @ 1.3440 (1) SLO1 @ 1.3425 (3) TP1 @ 1.3395 (shave 25%) (4) TP2 @ 1.3360 (shave 25%) (5) TP3 @ 1.3305 (close all sell positions) 1 This video is reflective of the uptrend counter-trend trade that I took to go long towards this area of Supply 2 If PA (price action) pushes higher, then I have this second Sell Order pending 3 This Take Profit is giving me Intraday Trading vibes. This TP is just above a Demand Zone (90m) 4 3 This Take Profit is giving me Day Trading vibes. This TP is just above a Demand Zone (90m) 4 3 This Take Profit is giving me Swing Trading vibes. This TP is just above the distal wick of this Immediate Retest (90m)
Short
by ProfessorCEWard
USDCAD moving lower? 🦐USDCAD on the 4h chart after the expected bearish impulse retraced exactly at the 0.381 Fibonacci level. The price is moving in an ascending channel that can also be seen as a bear flag. How can i approach this scenario? If the price will break below the lower trendline and the support we can set a nice short order according to Plancton's strategy Or else we can see a possible scenario where the market retest the previous support now turned resistance at the 50% retracement and fro there we will look for an inversion.
by InkyGrip
6
USDCAD: Strong buy opportunity near the SupportThe USDCAD pair crossed under the 1D MA200 last week and is approaching S1 on a very bearish 1D technical outlook (RSI = 38.120, MACD = -0.005, ADX = 45.239). The two day bounce on the HL trendline and the fact that the 1D RSI hit the bottom of its Channel, constitute a short term buy opportunity targeting the 1D MA50 (TP = 1.35450). If a candle closes above the 1D MA50, we will buy again the breakout and target the LH trendline (TP = 1.37545). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
USDCAD possible change in trendUSDCAD Over the past month, the USDCAD has been in a steady downtrend. On Friday, we observed the swing moves and identified an internal high that could be used as a selling opportunity to continue the downward trend. However, due to recent market changes, we are now considering a potential shift in momentum towards an upward trend. This is because the market has shown a clear sweep of the low and a strong impulse to the upside, surpassing the nearest swing high moves. This suggests the possibility of a trend reversal. Therefore, we plan to sell into our extreme demand area and wait for a confirmation entry to further validate our assumption of a bullish shift in price. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
USDCAD moving to a lower low 🦐USDCAD has been exhibiting a bearish trend, with a recent downward price movement that tested the key resistance level of 1.34000. However, the price retraced to the 50% Fibonacci retracement level of the previous impulse, which could potentially act as a barrier to further upward movement. This retracement also coincides with the price moving back over a daily support level, suggesting a potential lower low move. As a trader with a short outlook, you may be anticipating a lower low, indicating further bearish momentum. If the price breaks below the daily support level, it could confirm the bearish bias and provide an opportunity for a short order entry according to the Plancton's strategy. This could be supported by the previous resistance level of 1.34 acting as a barrier, and the 50% Fibonacci retracement level acting as a potential resistance.
by InkyGrip
16