US DOLLAR - CANADIAN DOLLAR CHARTHello Traders , Good Day Ahead , following is the analysis of USD/CAD ,
Price is on consolidating range , To take long position we must wait for breakout ,
if the Price break the support level of 1.36490 then it will touch the 2nd level of 1.35650 and retrace , then 3rd Target is 1.35000 in Bearish Trend
if the Price break the Resistance level of 1.37560 then is touch in 1st target will be 1.38500 and then 2nd Target is 1.39000
Usd-cad
USDcad Potential For Bullish RiseOn H4, with the price moving above the ichimoku cloud, we have a bullish bias that if the price can break the buy entry at 1.38496, where the previous swing high is, the price may rise to the take profit at 1.40160, which is in line with the -23.6% fibonacci extension. Alternatively, the price may drop to the stop loss at 1.36849, 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.
SHORT ON USD/CADPrice has broken the support area of a long term rising wedge.
Since the breakout it has retested the highs of the wedge making a double top pattern on the higher timeframes and currently making lower lows and lower highs.
The dxy is also showing weakness.
I expect this pair to fall through the day especially if the job openings reports show lower numbers than expected.
Here is the play:
Sell stop order
entry = 1.36419
stop loss = 1.36821
take profit = 1.34307
USDCAD Potential For Bearish ContinuationOn H4, with the price moving below the ichimoku cloud, and there's a possible "double M" pattern, we have a bearish bias that the price may drop form the sell entry at 1.36050, where the "neckline" is to the take profit at 1.34995, which is in line with the 38.2% fibonacci retracement. Alternatively, the price may rise to the stop loss at 1.36534, which is in line with the overlap resistance.
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 H4: Bearish outlook seen, further downside below 1.36000On the H4 time frame, prices are approaching the support zone at 1.3600 which coincides with the 23.6% Fibonacci retracement and graphical swing low. A break and close below this support zone would provide the bearish acceleration for a further drop to the next support zone at 1.3220. The 1.3220 support zone is in line with the Fibonacci confluence levels and the resistance-turned-support level. Stochastic is testing resistance and showing bearish divergence as well, highlighted in red, signalling a potential change in momentum.
USDCAD to see a dip?USDCAD - Intraday - We look to Buy at 1.3575 (stop at 1.3515)
Previous support located at 1.3600.
Previous resistance located at 1.3695.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.3650 will confirm the bullish momentum.
Our profit targets will be 1.3695 and 1.3700
Resistance: 1.3695 / 1.3700 / 1.3750
Support: 1.3600 / 1.3575 / 1.3550
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 in front of highAfter the rapid rise of recent weeks, should be at 1.395 end for now. Looking at the sub-waves of the last movement, today's high could also have already ended the wave. For reasons of clarity, I have not drawn these with. There are two options afterwards; either the pair rushes massively into the depths towards 1.12 or we only see a correction into the area of 1.344 to form a high at 1.541 afterwards. Looking at the pair itself, I would prefer the path towards 1.12, from here it could even go further down, but looking at the dollar strength and taking into account the targets in the other pairs, the scenario presented here as ALT should come to pass.
USDCAD to see a lower correction.USDCAD - Intraday - We look to Buy at 1.3620 (stop at 1.3560)
Previous support located at 1.3620.
Previous resistance located at 1.3700.
A lower correction is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.3700 will confirm the bullish momentum.
Our profit targets will be 1.3740 and 1.3750
Resistance: 1.3700 / 1.3740 / 1.3750
Support: 1.3620 / 1.3600 / 1.3575
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 for Bullish BiasOn H4, with the price moving above the Ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 1.34728, which is in line with the 23.6% fibonacci retracement to the take profit at 1.37012, where the 200% fiboancci extension is. Alternatively, the price may drop to the stop loss at 1.33847, which is in line with the 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
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD
USDCAD is going up quite a bit right now. That is because OIL is slightly UP. Also, MARKETS RISK has been OFF again. And the US CPI data was very good. So now USD has become very STRONG. US RETAIL SALES DATA was also very POSITIVE. Because of that, yesterday's FOMC MEETING caused a 75bps rate hike. SENTIMENT related to USD became STRONG in recent days. But now with good DEMAND for US YEILD, USD is moving UP. Due to this reason, STOCKS can continue to move DOWN SIDE if the USD goes up like this in the coming days.
Right now, the UP SIDE is being BUY very well because the USDCAD MARKET is US DATA and UPDATES POSITIVE. We think it will go UP to 1.3701 LEVEL before going DOWN again with the MARKET RISK OFF SENTIMENT.
Somehow USDCAD will likely SELL up to 1.2827 LEVEL. We wait until the DOWNSIDE TREND CONTINUES. FOLLOW THE STRUCTURE GIVEN.
USDCAD at the recent highs 🦐USDCAD on the 4h chart is trading at the recent highs.
The price after a clear uptrend might be taking a break on this last trading day of the week and retest the 0.382 and the .05 Fibonacci level.
How can i approach this scenario?
I will wait for a possible inversion at the test of the weekly area and if the market will satisfy the ACADEMY rules i will set a nice long order.
--––
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
USDCAD Potential for Bearish Momentum | 21st September 2022On the H4, with the price breaking the ascending channel and testing the previous key resistance at 1.33647, which is in line with the 127.2% fibonacci extension and 161.8% fibonacci projection and Stoch is testing the resistance level. The price may bull back from the current price and drop to the take profit at 1.32800, which is in line with the 23.6% fibonacci retracement. Alternatively, the price may rise to the stop loss at 1.34198, where the 100% fibonacci projection, 200% fibonacci extension and 141.4% fibonacci extension are.
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.
USDCAD Potential For Bullish RiseOn the H4, with the price breaking the ascending channel and testing the previous key resistance at 1.33679, which is in line with the 127.2% fibonacci extension. If the price can break this level successfully, we can expect the price to rise to the take profit at 1.34424, where the 100% fibonacci projection, 200% fibonacci extension and 141.4% fibonacci extension are. Alternatively, as the price may pull back from the key resistance level and drop to the stop loss at 1.32774, which is in line with the 23.6% 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.
Today’s Notable Sentiment ShiftsCAD – The Canadian dollar weakened to its lowest level in nearly two years against USD on Tuesday, as domestic CPI data showed inflation for August eased more than expected.
Canadian CPI M/M printed at –0.3%, versus a consensus of –0.1% and a prior of 0.1%, while CPI Y/Y printed at 7.0%, versus a consensus of 7.3% and a prior of 7.6%.
USDCAD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for USDCAD .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
USDCAD:Technical overview with fundamental bullish environmentHey traders, based on the fed speech the last week and his strong message of controlling the inflation and getting the mission done and based on the recent CPI data we expect one of the most hawkish FOMC in the history of the US in the coming week, we are looking forwards to go long on USD against commodities especially the CAD around 1.3 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
USDCAD Potential For Bearish ContinuationOn the H4, with the price breaking the ascending channel , below the ichimoku cloud , and there’s a possible “double top” pattern, we have a bearish bias that the price may drop to the sell entry at 1.29852, which is in line with the overlap support and 50% fibonacci retracement. If the sell entry is broken, the take profit could be at 1.28964, where the overlap support and 61.8% fibonacci retracement are. Alternatively, the price may rise to the stop loss at 1.30726, where the “neckline” of the “double top” pattern and 38.2% fibonacci retracement are.
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 Potential for Bearish Continuation| 13th September 2022
On the H4, with the price breaking the ascending channel, below the ichimoku cloud, and there’s a possible “double top” pattern, we have a bearish bias that the price may drop to the sell entry at 1.29682, which is in line with the overlap support and 50% fibonacci retracement. If the sell entry is broken, the take profit could be at 1.28938, where the overlap support and 61.8% fibonacci retracement are. Alternatively, the price may rise to the stop loss at 1.30713, where the “neckline” of the “double top” pattern and 38.2% fibonacci retracement are.
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.
💵U.S.Dollar/Canadian Dollar 💵Analyze !!!U.S.Dollar/ Canadian Dollar was able to make an Expanding Ending Diagonal.
I expect that U.S.Dollar/ Canadian Dollar will reverse from the Resistance zone and then touch my 🎯targets🎯.
🔅U.S.Dollar/ Canadian Dollar Analyze (USDCAD) Timeframe 2H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.