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Usd-cad

USDCAD 1D MA50 the key. Buy above, sell below.The USDCAD couldn't have confirmed our bearish view more than a month ago, when we called for a sell opportunity based on the RSI Bearish Divergence (Lower Highs against the price's Higher Highs): As you see the divergence sell signal was spot on and the previous two times that this was spotted, helped us in a great way to spot this. Right now the price is below its 1D MA50 (blue trend-line) inside a Channel Down. The minor rise since November 11, could do the most important medium-term test, the 1D MA50. A closing above the 1D MA50 will turn the pair bullish again targeting the 1.39860 High. As long as the price remains below it though, the strategy remains sell on such rebounds, targeting the 1D MA200 (orange trend-line), which should land within the 0.618 and 0.786 Fibonacci retracement level, which was where the Lows of October 21 2021 and January 13 2022 where made (previous divergencies). Notice that if the 1D MACD completed the Bullish Cross that has started to be formed today, this is consistent with all prior Higher Lows since May 2021 and will favor a bullish break-out. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
USDCAD moving higher 🦐USDCAD on the 4h chart after the recent drop started a series of higher highs and higher lows. The price is now trading below a minor resistance and might look for the 1.35500 within this week. I will wait for a possible test of that level and i will look for a further development from that area, overall the price remain bullish. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
by InkyGrip
6
USDCAD DOWNTREND FORMATIONUS dollar stopped its gain and reverted against the most major currencies. On the 4H graph against Canadian dollar, the instrument managed to break the support of the forming uptrend channel and started reverting into downturn. MACD histogram indicator is confirming this downtrend, the RSI fast moving line is already below the 50 neutral line, but with clearly expressed downtrend. If this trend continues the price might test levels of 1.3349 but in the opposite scenario the price might try to reach its previous resistance at 1.3403 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Short
by legacyFXofficial
1
GBPCAD long to short ideaAs we showed in our mark up last Sunday, we expected price to hit our higher zone! Which it did!! BUT, never gave us the short entry that we was looking for, now we have cleared that target we are looking to follow the bullish order flow up to the next POI.... from there we are going to look for shorts again, REMEMBER follow order flow and don't force your entries! wait for them to show themselves.... IF YOU LIKE THIS IDEA SHOW US BY HITTING THAT LIKE & SHARE BUTTON!
Short
by PipSurfingSociety
InvestMate|USD/CAD Last rise before the fall.🍁🍁USD/CAD Last rise before the fall. 🍁This time it was time for USD/CAD 🍁As you can see from the chart, this pair has already shown what direction it intends to take for the coming months and it is certainly hard to pin your hopes on further increases here. 🍁 The most sensible option would be to join the continuation of the declines, but in the best possible place. 🍁The ideal place for this would be the resistance zone that I determined based on the 0.382 measurement of the entire downward wave and the 1:1 level of the largest upward correction. 🍁The zone has found solid support which has acted brilliantly as resistance in the past. 🍁 Admittedly, we are already halfway through the whole movement and it is possible that we may not test the area around the 1.332 level again. 🍁 The most important fact in the whole chart remains the resistance zone where I would see an interesting opportunity to take a short position. 🍁The scenario I am playing out is an attempt to attack the resistance zone and then a continuation of the downtrend. 🚀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
6
USDCAD SELL LIMITGood day everyone! Don't forget to put your thumbs up and write comment if you like the idea. USDCAD sales 1.3360 and 1.3400. CT 1.3460. Risk 1%. Sale from the bottom edge of the weekly center and the day edge of accumulation. The first target is standard and global target to break through area 1.3220 and leave at 1.3120. DISCLAIMER: The opinion of the author may not coincide with yours! Keep this in mind and consider in your trading transactions before making a trading decision.
Short
by airstels
USDCAD M30: Bullish outlook seen, further upside above 1.33000On the M30 time frame, a throwback to the support zone at 1.33000, in line with the Fibonacci confluence levels presents an opportunity to play the bounce with 1.33900 as the resistance target. The 1.33900 resistance zone coincides with the graphical support-turned-resistance zone and 50% Fibonacci retracement. Failure to hold above the 1.33000 support zone could see prices push lower to the next support zone at 1.32500. Prices are holding above the Ichimoku cloud as well, supporting the bullish bias.
Long
by T3-Consultancy
USDCAD finds initial support, deeper down move eyedUSDCAD fell after completing a bearish Head and Shoulders (H&S) pattern, as expected. Prices are now digesting above support-turned-resistance anchored at 1.3154. Negative RSI divergence points at ebbing bearish momentum, but that need not necessarily translate to reversal. Rather, it may simply flag a consolidative pause before the down move is reasserted. The H&S pattern implies a measured-move objective near the 1.30 figure, which looks likely to bring prices within striking distance of major support dating back to mid-2021 (former resistance zone, rising trend line). Time will tell whether this region will mark the place of longer-term uptrend resumption or reversal.
Short
by IlyaSpivak
2
USDCAD LONG USDCAD LONG Why are we entering? - Expecting CAD weakness & USD strength - We are forming wave 3 subwave 5, microwave 1 - We are expecting price to reject our 0.618 fibonacci and wave 4invalidation zone What is our confirmation? - Rejection from our buy zone - Break of WFB Entry - Safe Entry: Rejection of our buy zone with a break of our WFB - Risk Entry: Rejection of our buy zone - Risk Entry: Early break of descending WFB Once entered, where will our Stoploss be? - 30 pips below our 0.618 fibonacci: below 1.317 - Move SL to BE after running 30 pips Where do we take profits? - Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips) - First TP - Previous high: 1.398 (780pips) - Second TP - -0.27 fibonacci level: 1.425 (1050pips) - Final TP - -0.618 fibonacci level: 1.46 (1400pips)
Long
by Pips-Collector
1
USDCAD Potential for Bearish ContinuationOn H4, with the price moving below ichimoku cloud and showing a shoulder head pattern, we have a bearish bias that the price may drop from the sell entry at 1.33913 to the taker profit at 1.29511, where the 78.6% fibonacci retracement and previous swing highs are. Alternatively, the price may rise to the stop loss at 1.35687, where the 50% fibonacci retracement 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.
by VantageMarkets