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Usd-cad

USDCAD Potential for Bullish Continuation| 24th August 2022On the H4, with the price above the ichimoku cloud and moving within the ascending trendline, we have a bullish bias that if the price break the buy entry at 1.29836, which is the current swing high and 38.2% fibonacci retracement, the price may rise to the take profit at 1.30632, which is in line with the swing high. Alternatively, the price may drop to the stop loss at 1.28899, where the 50% fibonacci retracement is. Take note the price of 1.29328 could be the intermediate support, if the price breaks this support, the ascending trendline will be broken. 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
USDCAD setting up for a new push higher? Thanks for stopping by for today's update. Our focus is on the USDCAD as buyers look to be finding new support after last week's range breakout. The USD has been up, and about recently, we saw the USD index hit 109 yesterday, testing July high. Buyer momentum was short-lived as sellers took control in the NY session, sending price to a lower close, the first in seven sessions. The USDCAD had shared in the recent bullish momentum, hitting 1.3063 yesterday before the USD lost upward traction and oil made a solid rally. Oil is a big factor for this pair, and typically when it's stronger, the CAD is firmer, so the USDCAD can trade lower. Last week as the USD made its charge, we saw the USDCAD break above its range at 1.2930. From that point, price continued to rally for four sessions. Yesterday was the first decline since the breakout, and it was a decent one (-0.82%). Price today has seen demand, and we are seeing higher prices that have found support from the previous breakout point, also maintaining the current uptrend. These are bullish signs, but we need to see yesterday's low hold. If we do, we will continue to look for the current trend to continue higher. But, if we see a new decline that breaks below the green box (shown on the chart), we could be looking at a deeper lower reaction, which could also confirm a trend break. Pressure is now on buyers to hold today's rally and continue to trade above 1.2935. Thanks for reading today's update. We hope you enjoy the rest of your Wednesday.
Long
by Eightcap
2
USD/CAD Bullish Momentum ContinuesHello Traders USD/CAD is on bullish momentum. We believe that this pair is going to continue upward but before, it needs some corrections. Here is why we long USD/CAD: 1- RSI is on Uptrend 2- Short term momentum is upward. 3- Price has a big resistance between 1.30500-1.30800. This zone will drag price toward itself. 4- USD sentiment is positive. If you like it then Support us by Like, Follow and Share. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and does not include financial recommendation. Trading is Risky, so before any action do your own research.)
Long
by FortunaInvestments
USDCAD Potential for Bullish Continuation | 22nd August 2022On the H4, with the price above the ichimoku cloud and moving within the ascending trendline, we have a bullish bias that the price may rise from the buy entry at 1.30067, which is the 78.6% fibonacci projection to the take profit at 1.30508, which is in line with the previous swing highs and 100% fibonacci projection. Alternatively, the price may drop to the stop loss at 1.29415, where the 23.6% fibonacci retracement 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 Bearish DropOn the H4, with DIF is crossing below the signal line and the price is crossing over the ichimoku cloud, we have a bearish bias that the price may drop from the buy entry at 1.28353, which is in line with the 50% fibonacci retracement to the take profit at 1.27667, which is in line with the swing low, 78.6% fibonacci retracement and 61.8% fibonacci projection. Alternatively, the price may rise to the stop loss at 1.29321, which is in line with the 38.2% fibonacci retracement and swing high. 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 Bullish ContinuationOn the H4, with MACD indicators are above the zero, we have a bullish bias that the price may rise from the buy entry at 1.29220, which is in line with the38.2% fibonacci retracement to the take profit at 1.29839, which is in line with the 50% fibonacci retracement and swing high. Alternatively, the price may drop to the stop loss at 1.28500, which is in line with the 38.2% fibonacci retracement and overlap support. 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 RiseOn the H4, in MACD, the DIF is crossing above the signal line, and histograms are above the zero, we have a bullish bias that the price may rise from the buy entry at 1.27913, which is in line with the 23.6% fibonacci retracement and overlap resistance to the take profit at 1.28455, which is in line with the 23.6% fibonacci retracement, 38.2% fibonacci retracement and overlap support. Alternatively, the price may drop to the stop loss at 1.27265, which is in line with the 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
USDCAD Potential for Bullish Rise | 10th August 2022On the H4, with the price going above ichimoku cloud, and DIF is breaking the signal line in MACD, we have a bullish bias that the price may rise from our buy entry at 1.28923, which is in line with previous swing high to our 2nd resistance at 1.29831, which is in line with the 78.6% fibonacci projection and 50% fibonacci retracement. Alternatively, the price may drop to the 1st support at 1.28483, which is in line with 61.8% fibonacci retracement and pullback support. 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 ContinuationOn the H4, as the price is going along the ascending channel and above the ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 1.29107, which is in line with the 50% fibonacci retracement to our take profit at 1.29850, which is in line with the 50% fibonacci retracement and swing high. Alternatively, the price may drop tp the stop loss at 1.27695, which is in line the 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
Buying dips on USDCADUSDCAD - Intraday - We look to Buy at 1.2875 (stop at 1.2815) Previous support located at 1.2875. Previous resistance located at 1.2950. A lower correction is expected. A move through 1.2950 will confirm the bullish momentum. Our profit targets will be 1.3025 and 1.3050 Resistance: 1.2950 / 1.3000 / 1.3050 Support: 1.2900 / 1.2875 / 1.2825 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 Potential for Bullish Momentum | 8th August 2022On the H4, with the price breaking the descending trendline and below ichimoku cloud, we have a bullish bias that the price may rise from our buy entry at 1.29451, which is in line with 100% fibonacci projection to our take profit at 1.30233, which is in line with the 161.8% fibonacci projection. Alternatively, the price may drop to the stop loss at 1.28835, which is in line with 50% fibonacci retracement and pullback support. 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