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Usd-cad

USDCAD Multi-week sideways opportunityThe USDCAD pair topped back in October and has turned sideways inside a Rectangle pattern since the November 15 Low. With the 1D MA50 (blue trend-line) used as the Pivot, the 1D MACD indicator can offer a confirmed buy and sell entry when it makes a Bullish and Bearish Cross respectively. Notice when Support 1 was created (previous High turned into Low), hence we project Support 2 to be around 1.30750. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
USDCAD, H4 | Bearish reversal opportunityWe're seeing price approach our resistance at 1.3663 where it could potentially react off and push prices all the way down to the key overlap support at 1.3519 - which also lines up with a key 38.2% Fibonacci retracement. It's worth noting that there is an intermediate support at 1.3570 which is a smaller overlap support that lines up with the 23.6% Fibonacci retracement - which is the key retracement to break that triggers a bigger move down. In terms of the stop loss, we could place it at 1.3700 which is at a key multiple overlap resistance level. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
USDCAD Outlook 2nd March 2023The USDCAD fluctuated widely overnight with no clear directional bias, with the price remaining between the key support and resistance levels of 1.3560 and 1.3660 respectively. With no major news events on the Canadian front, the next directional move on the USDCAD would be heavily driven by the volatility of the DXY. If the DXY recovers in strength as anticipated, the USDCAD could trade slightly higher to retest the resistance level. While unlikely, if the USDCAD breaks above the 1.3660 resistance level, the next key resistance level beyond that is not far off at 1.37
Long
by JinDao_Tai
USDCAD Potential Forecast | 1st March 2023Fundamental Backdrop CAD's GDP dropped from 0.1% previous to -0.1%. This indicates that inflation has decreased which can possibly cause the Bank of Canada to lower their interest rates. Overall I'm expecting USDCAD to continue bullish. Technical Confluences 1. The overall bias for USDCAD on the H4 chart is bullish. To add confluence to our bias, price is above the Ichimoku cloud and along an ascending trend-line. 2. Expecting price to head towards the key resistance at 1.37000 level. Idea I will be looking for price to possibly retest the H1 support at 1.36200 intersecting with the ascending trend-line before continuing bullish towards the key resistance at 1.37000. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
USDCAD Potential Rise to Previous overlap supportport Looking at the H4 chart, my overall bias for AUDUSD is bullish as the current price is below the Ichimoku Cloud. Looking for a pullback buy entry at 1.35182 where the recent overlap support is. We are looking to take profit at 1.37014 where the overlap resistance and 61.8% Fibonacci line are, Stop loss will be placed at 1.34428 where the recent overlap swing low is. 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.
Long
by VantageMarkets
USDCAD | BUY AFTER IT PULLSBACK FOR CONTINUATIONHello Traders! 🔻Potential BUY setup for: USDCAD 👨‍💻 Technical: Trending up nicely on all timeframes, currently on a bullish channel if the news does not affect USD too much I expect a continuation to re-test previous higher timeframe resistance levels. 🎯 For an ideal entry: Best scenario if it manages to pullback to the ma's nicely and start showing bulls coming back to the market whether with a bullish hammer or engulfing candlestick, after the pullback it would be a good risk reward.
Long
by FX-TradingLions
USDCAD Potential Rise to Previous overlap resistanceLooking at the H4 chart, my overall bias for USDCAD is bullish as the current price is above the Ichimoku Cloud. Looking for a pullback buy entry at 1.35169 where the overlap support is. We are looking to take profit at 1.36902 where the overlap resistance and the Stop loss will be placed at 1.34582, where the recent overlap swing low is. 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.
Long
by VantageMarkets
USDCAD Potential for Bullish Rise to recent swing high Looking at the H4 chart, my overall bias for USDCAD is bullish, as the current price is above the Ichimoku cloud and trying to break the upper level of the descending channel. Looking for a pullback buy entry at 1.34596, the overlap support, take profit at 1.37060, the recent overlap swing high, and stop loss at 1.32598, the recent overlap swing low. 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.
Long
by VantageMarkets
1
USDCAD Potential for Bullish Rise | 23rd February 2023Looking at the H4 chart, my overall bias for USDCAD is bullish with the current price being above the Ichimoku cloud , Looking for a buy stop entry at 1.35680, to ride the bullish momentum. Stop loss will be at the overlap support at 1.34570 which is my buy entry. Take profit will be at 1.36900, where the key resistance level is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
1
USDCAD Potential for Bullish Rise to overlap resistanceLooking at the H4 chart, my overall bias for USDCAD is bullish with the current price being above the Ichimoku cloud , Looking for a buy stop entry at 1.35475, to ride the bullish momentum. Stop loss will be at the overlap support at 1.34570 which is my buy entry. Take profit will be at 1.36900, where the key resistance level is. 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.
Long
by VantageMarkets
1
USDCAD Potential for Bullish Rise | 22nd February 2023Looking at the H4 chart, my overall bias for USDCAD is bullish with the current price being above the Ichimoku cloud , Looking for a buy stop entry at 1.35475, to ride the bullish momentum. Stop loss will be at the overlap support at 1.34570 which is my buy entry. Take profit will be at 1.36900, where the key resistance level is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
Bullish on USD/CAD: Exploring the Upside PotentialHey Traders! NEWS COMING UP SOON IN 15-30 Min so this could change and react accordingly. 👨‍💻 Technical: Trending toward the upside nicely, however, we have a downtrend, if we manage to break it and have a push exhaustion cycle this could be a good way to enter the trade for a good RR. You could also risk a short-term trade and trade the 20-30 pips space for potential bullish profit if it re-tests the trend. 🎯 For an ideal entry: Wait for a push exhaustion cycle to happen, and then see where we are, news coming up soon so the cycle could happen quicker than expected.
Long
by FX-TradingLions
USDCAD Potential for bullish rise to overlap resistanceLooking at the H4 chart, my overall bias for USDCAD is bullish with the current price being above the Ichimoku cloud , Looking for a buy stop entry at 1.35373, to ride the bullish momentum. Stop loss will be at the overlap support at 1.34570 which is my buy entry. Take profit will be at 1.36900, where the key resistance level is. 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.
Long
by VantageMarkets
1
USDCAD Potential for Bullish Rise | 21st February 2023Looking at the H4 chart, my overall bias for USDCAD is bullish with the current price being above the Ichimoku cloud , Looking for a buy stop entry at 1.35373, to ride the bullish momentum. Stop loss will be at the overlap support at 1.34570 which is my buy entry. Take profit will be at 1.36900, where the key resistance level is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
1
USD/CAD: Short Momentum, price will grow. ✅USD/CAD reverses Friday's corrective decline from a 1.5-month high, rising 0.08% intraday near 1.3490 during the five-day rally to early Monday. The Loonie pair's recent advances could be attributed to lower prices for Canada's primary export item, WTI Crude Oil, as well as the market's risk-off mindset, which supports US Dollar demand. It should be noted, however, that the vacation in the United States and Canada limits immediate swings in the currency during a sluggish Asian session. WTI crude oil, on the other hand, prints a six-day downtrend near $76.50 as the US Dollar strengthens alongside an increase in US crude oil stockpiles and mounting fears of quicker Fed rate hikes. In other news, Japanese Prime Minister (PM) Fumio Kishida has called for an emergency United Nations (UN) Security Council meeting in response to North Korea's firing of two ballistic missiles towards Tokyo, both of which landed outside Japan's exclusive economic zone (EEZ). On the same vein, the failure of the most recent meeting between US Secretary of State Antony Blinken and China's top diplomat Wang Yi to reestablish US-China relations. The explanation could be linked to comments made by a Chinese envoy that the US must alter course and repair the harm done to Sino-US relations by indiscriminate use of force. On the same topic, US Ambassador to the United Nations Linda Thomas-Greenfield stated on Sunday that China would cross a "red line" if it opted to supply Russia with lethal military aid for its invasion of Ukraine. Concerning central banks, better-than-expected readings of the US Consumer Price Index (CPI) and Retail Sales, together with previously reported upbeat readings of employment and output data, aided the Federal Reserve (Fed) officials in remaining hawkish. On the other hand, Bank of Canada (BoC) policymakers indicated a willingness to delay rate hikes due to the negative repercussions for the economy. Against this backdrop, the S&P 500 Futures show minor losses, despite Wall Street finishing neutral. It's worth mentioning that in the last week, US 10-year Treasury bond rates surged to their highest levels since early November, assisting the DXY to print a three-week rise. Moving on, a light schedule and off in the US and Canada may limit quick swings ahead of the BoC CPI on Tuesday and the Federal Open Market Committee (FOMC) Meeting Minutes on Wednesday. If Fed policymakers stay hawkish and Canada's inflation rate decreases, the USD/CAD could rise further.
Long
by FOREXN1
8
USDCAD Potential for bullish rise to overlap resistanceLooking at the H4 chart, my overall bias for USDCAD is bullish with the current price being above the Ichimoku cloud, expecting the price to go down to retest at the overlap support at 1.34570 which is my buy entry. Take profit will be at 1.36900, where the key resistance level is. Stop loss will be at 1.33569, where the overlap support is. 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.
Long
by VantageMarkets
USDCAD Potential for Bullish Rise | 20th February 2023Looking at the H4 chart, my overall bias for USDCAD is bullish with the current price being above the Ichimoku cloud, expecting the price to go down to retest at the overlap support at 1.34570 which is my buy entry. Take profit will be at 1.36900, where the key resistance level is. Stop loss will be at 1.33569, where the overlap support is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
USDCAD Potential for Bullish Rise to 61.8% Fibonacci lineLooking at the H4 chart, my overall bias for USDCAD as the current price is above the Ichimoku Cloud. Looking for a pullback buy entry at 1.34289 where the 38.2% Fibonacci line is. We are looking to take profit at 1.35343 where the 61.8% Fibonacci line is, Stop loss will be placed at 1.33638, where the recent swing low is. 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.
Long
by VantageMarkets