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Usd-cad

USDCAD Potential for Bearish Drop | 25th January 2023Looking at the H4 chart, my overall bias for USDCAD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 1.34356, where the overlap resistance and 50% Fibonacci line is. Stop loss will be at 1.35207, where the recent swing high is. Take profit will be at 1.33214, where the previous swing low 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.
Short
by Rockqet
USDCAD Potential for Bullish Rise| 20th January 2023Looking at the H4 chart , my overall bias for USDCAD is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market structure. Looking for a pullback buy entry at 1.34356, where the overlap support and 50% Fibonacci line is. Stop loss will be at 1.33214, where the recent swing low is. Take profit will be at 1.36645, where the previous swing high 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 Continuation Looking at the H4 chart, my overall bias for USDCAD is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market structure. Looking for a pullback buy entry at 1.34356, where the overlap support is. Stop loss will be at 1.33214, where the recent swing low is. Take profit will be at 1.36645, where the previous swing high 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| 19th January 2023Looking at the H4 chart , my overall bias for USDCAD is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market structure. Looking for a pullback buy entry at 1.34356, where the overlap support and 50% Fibonacci line is. Stop loss will be at 1.33214, where the recent swing low is. Take profit will be at 1.36645, where the previous swing high 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
2
USD/CAD:SELL From Bearish Channel For A New Push-Down SHORTThe USD/CAD pair attracts some sellers following an early uptick to the 1.3410 area dips into negative territory for the second straight day on Wednesday. The pair is currently placed near the daily low, around the 1.3370 region, and looks to extend the previous day's pullback from the weekly top. The price is still inside a Bearish channel in a strong downtrend and our Idea is about a push-down in the direction of the main trend.
Short
by FOREXN1
6
USD/CAD - SHORT SCENARIOS - ANALYSE – WThe "USDCAD" is in an uptrend since May – 2021, and it stands to reason that we can expect a top soon if necessary. -> The USD is the base currency of the pair and should, shortly, enter a correction. -> At which key areas we can expect a Local Top, I will analyze in more detail in today's post. -> For this, we will look at the "USDCAD" from the weekly view and integrate elements of the daily, weekly and monthly charts. table of contents - 1st part = EXPLANATION - Used indicators + levels - 2nd part = SCENARIOS - pro + con breakdown - 3rd part = CONCLUSION FIRST PART 1. | FIBONACCI RETRACEMENT | For this Fibonacci retracement, we take the movement, which started in - March/2020 - and ended in - May/2021 -. -> 0.75 FIB = 1.40031 points | Pending processing -> 0.786 FIB = 1.40989 points | Pending processing -> 0.88 FIB = 1.43491 points | Pending processing > As "BLUE" lines - drawn in the chart. 2. | FIBONACCI RETRACEMENT | For this Fibonacci retracement, we take the move, which started in - July/2022 - and ended in - August/2022 -. -> 2.618 FIB = 1.40258 points | Pending processing > As "PASTELL ORANGE" lines - drawn in the chart. 3. | SUPPLY ZONES | The supply zones formed at the beginning of the downward movement, thus they were created and in - March-May/2020. -> MONTH ZONE = 1.38502 - 1.46685 points | Pending processing -> WEEK ZONE = 1.38502 - 1.41409 points | Pending processing -> DAY ZONE | 1 | = 1.39686- 1.40488 points | Pending processing -> DAY ZONE | 2 | = 1,43750- 1,46685 points | Pending processing > As "GREY" areas - drawn in the chart. 4. | POINT OF INTEREST | The points of psychological interest, were created the first time - in 2003 - and showed some reactions since then. -> POI | 1 | = 1.38500 points | Pending processing -> POI | 2 | = 1,40000 points | Pending processing -> POI | 3 | = 1.41000 points | Pending processing -> POI | 4 | = 1,46500 points | Pending processing | POI should be used as resistance in the upcoming situation. | POI is used as ZONE -> no point exact resistance. > As "TURKIS" line - drawn in the chart. 5. | VOLUME PROFILE | The volume profile describes the cumulative trading volume at each price level. In the analysis, the volume of the last "TOP" formation was analyzed. -> VOLUME ZONE = 1.40100 - 1.41100 points | Pending processing -> POC = 1.40500 - 1.40700 points | Pending processing | Point of Control - The price level with the highest traded volume. 5. | OLD MARKET STRUCTURE BREAK | The old market structure break, represents a psychological level because it was the decisive point in the last corrective move. | MSB = 1.38502 points | Pending processing PART TWO Once the price reaches the broken down levels, we can expect a reaction from the market, which depends on the "weighting" of each level. PLEASE NOTE - the USD is the base currency of the USD/CAD, so we are 100% dependent on the performance of the DXY. 1. | SCENARIO | TOP - at approx. 1.38500 points (Unlikely) What speaks for this? - "OLD MARKET STRUCTURE BREAK" - "SUPPLY ZONES | W1 + M1" - "POI (1) + this idea must be supported by the DXY! What is against it? - "VOLUME PROFILE" = little traded volume. - "FIBONACCI" = between 0.618 - 0.75 FIB - "USD (DXY)" = further appreciation. 2nd | SCENARIO | TOP - at approx. 1.40000 - 1.41000 points (Very likely) What speaks in favor of this? - "FIBONACCI RETRACEMENT (1) | 0.75 + 0.786 FIB" - "FIBONACCI RETRACEMENT (2) | 2.618 FIB" - "SUPPLY ZONES | W1 + M1 + D1 (1)" - "POINT OF INTEREST (2) + (3) - "VOLUME ZONE - "POC + this idea must be supported by the DXY! What is the argument against it? - "FIBONACCI" = 0.88 FIB - "SUPPLY ZONE" = D1 (2) liquidity - "USD (DXY)" = further appreciation. 3. | SCENARIO | TOP - at approx. 1.43500 points (Unlikely) What speaks in favor of this? - "FIBONACCI RETRACEMENT (1) | 0.88 FIB" - "SUPPLY ZONES | D1 (2)" + this idea must be supported by the DXY! What is the argument against it? - "USD (DXY)" = further appreciation. CONCLUSION It is impossible to say at this time what the exact scenario for "USDCAD" will be. = Despite this, the key points I have presented, will most likely trigger a reaction. -> As soon as the TOP formation emerges, I will upload a detailed SHORT execution. -> Feel free to discuss it in the comments and share our perspectives, I'd be "burning" to hear your take on the whole thing. If this idea and explanation has added value to you, I would be very happy to receive a review. Thank you and happy trading!
Short
by ZielIstDieAutarkie
USDCAD Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for USDCAD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 1.34841, where the 50% Fibonacci line is. Stop loss will be at 1.36646, where the previous swing high is. Take profit will be at 1.32258, where the previous 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.
Short
by VantageMarkets
🍁 USD/CAD Correction Before Fall? 🍁🍁 USD/CAD Correction Before Fall? 🍁 Nearest strong support zone: around the 0.786 level of the upward wave. 🍁 Nearest strong resistance zone: the 0.618 level of the upward wave. 🍁 Technical environment: - Moving averages: Downtrend - MACD: Uptrend - RSI: Uptrend (Divergence). - Supertrend: Downtrend 🍁 Price action: USD/CAD It has reached a key point on the chart we have again attacked the levels of 1.336 where we landed after the last downward wave, looking at the medium-term pro-growth bias of the dollar and the long-term uptrend on the Canadian dollar, I expect a retest of the area around the 0.618 level of the upward wave before continuing the decline. 🍁 The scenario I'm playing out is to execute an upward correction before continuing the declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🍁 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
Long
by InvestMate
8
USDCAD Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for USDCAD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 1.34843, where the previous swing low is. Stop loss will be at 1.36647, where the recent swing high is. Take profit will be at 1.33166, where the 78.6% Fibonacci line 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.
Short
by VantageMarkets
USDCAD Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for USDCAD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 1.34843, where the previous swing low is. Stop loss will be at 1.36647, where the recent swing high is. Take profit will be at 1.33166, where the 78.6% Fibonacci line 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.
Short
by VantageMarkets