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.
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Usd-cad
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.
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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.
USDCAD Potential For Bearish Drop
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 1.29694, which is in line with the overlap support and 50% fibonacci retracement. If the sell entry is broken, the take profit could be at 1.28935, where the overlap support and 61.8% fibonacci retracement are. Alternatively, the price may rise to the stop loss at 1.30726, where the overlap resistance 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 Momentum | 12th 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 1.29910, which is in line with the current swing low. 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 1.30958, where the “neckline” of the “double top” pattern and 50% 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.
USDCAD Potential for bearish momentumOn the H4, with the price breaking the ascending channel , crossing the ichimoku cloud , and there’s a possible “double top” pattern, we have a bearish bias that the price may drop from the sell entry at 1.30180, which is in line with the 61.8% fibonacci retracement to the take profit at. 1.29821, where the 50% fibonacci retracement and overlap support are. Alternatively, the price may rise to the stop loss at 1.30702, where the overlap resistance 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.
USDCAD Potential for Bearish Drop | 9th Sept 2022On the H4, with the price breaking the ascending channel, crossing the ichimoku cloud, and there’s a possible “double top” pattern, we have a bearish bias that the price may drop from the sell entry at 1.30252, which is in line with the 38.2% and 61.8% fibonacci retracement to the take profit at. 1.29676, where the 50% fibonacci retracement and overlap support are. Alternatively, the price may rise to the stop loss at 1.30729, where the overlap resistance 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.
USDCAD to continue in the bullish channel?USDCAD - Intraday - We look to Buy at 1.3100 (stop at 1.3040)
Previous support located at 1.3150. Previous resistance located at 1.3200. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 1.3200 will confirm the bullish momentum.
Our profit targets will be 1.3220 and 1.3250
Resistance: 1.3200 / 1.3220 / 1.3250
Support: 1.3150 / 1.3100 / 1.3050
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USDCAD Potential for Bullish Continuation | 6th Sept 2022On the H4, with the price moving within the ascending channel , above ichimoku cloud , we have a bullish bias that the price may rise from the buy entry at 1.31069, where the 38.2% fibonacci retracement is to the take profit at 1.31668, where the swing high is. Alternatively, the price may drop to the stop loss at 1.30545, where the 50% fibonacci retracement and previous swing high 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 Continuation | 6th Sept 2022On the H4, with the price moving within the ascending channel, above ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 1.31069, where the 38.2% fibonacci retracement is to the take profit at 1.31668, where the swing high is. Alternatively, the price may drop to the stop loss at 1.30545, where the 50% fibonacci retracement and previous swing high 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.
USD/CADHello every one i think this pair is a swing trade, with sell position starting now. Last time we hit this level was mid July and that time it just crashed. Now we are on the same level and a very patient trade would be nice and very profitable. Guaranteed if you open a short possition on this pair. On Thursdays I like to trade in the afternoon in my time zone which is pacific timezone until about lunch time of Friday. This particular trade I definitely will be holding for a while. I loaded up alot of funds for this trade and my strategy is to constantly add in new shorts possitions through out the couple weeks I plan to leave this trade open. I literally just opened an 18 lot total trade for this pair and I am up about 1700 USD(15 MINUTES). I just have a very good feeling about this trade. I know forsure I will come out with big profits on this. More bad news is gonna just keep happening in US market. Recession will be in full effect. The announcement of interest rate hikes will most likely make things worst and this coming up next announcement it is expected to go up by 1%. Which means USD is gonna be less valuable. Canada is not there yet. Canadian economy is pretty good right now so yeah trust me guys.
My entries were :
1) Shorts 1.31522 - 2.5 Lot
2) Shorts 1.31521 - 2.2 Lot
3) Shorts 1.31466 - 5 Lot
4) Shorts 1.31461 - 5 Lot
5) Shorts 1.3440 - 3.3 Lot
Total of 18 Lots so far. Will add more as more profits are won.
USDCAD Potential for Bullish Continuation | 1st Sept 2022On the H4, with the price moving within the ascending channel, above ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 1.31668, where the swing highs and 161.8% fibonacci extension are, If the price can break the buy entry, we can expect the price rise to the take profit at 1.32238, where the swing high is. Alternatively, price could pullback from the buy entry and drop to the stop loss at 1.31026, where the overlap support and 23.6% 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.
USD/CAD 10H ANALYSIS I Believe USD/CAD is approaching a strong reversal area as it is forming a double top on the 10h time frame. I am expecting a break of the latest 10h support line (pink) down to the overall 10h support line (green). I also believe the (green) support will hold, creating a triple top before the pair finally crashes to the downside, finally reversing the trend.