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Usd-cad

SELL TRADE SETUP ON USDCADHey Traders, Check out this technical analysis on USDCAD; it appears to be undergoing a small pullback, potentially indicating a rejection from the previous resistance area. provided that the resistance are is broken then we can assume for the continuation of the bullish momentum However, I would recommend waiting for a proper retest of the broken key level before considering a buy-trade entry. Alternatively, there may be an opportunity for a sell trade if the market breaches the evident support area. Keep a close eye on this.
Short
by Adefxc
Sell USDCAD - H1 Ascending TriangleUSD/CAD H1: Ascending Triangle Hints at Potential Downturn, Shorting Opportunity Emerges! The USD/CAD pair on the H1 timeframe presents a potential selling opportunity due to the presence of a well-defined ascending triangle pattern. While ascending triangles can be continuation patterns, a breakdown from this pattern, especially on higher timeframes like H1, suggests a higher likelihood of a trend reversal towards the downside. Key Points: Sell Entry: Consider entering a short position below (ideally around 1.3600). This offers an entry point close to the perceived shift in momentum. Target Levels: The initial bearish target lies at 1.3460. Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line (rising trendline) of the triangle, ideally around 1.3630. Thank you.
Short
by KABHI_FOREX_TRADING
9
USD CADMy analysis on USD CAD, I use limit orders so I don't need to be in front of the chart all day. To consider this a good entry there are certain criteria to follow: 1. Clean BoS with IMB. 2. * Look for areas where liquidity has been purged. 3. * Stochastic: long trades 0-15, in short trades 85-100. ( * ) = Not optional but increases our probability. I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3. Trade carefully This is not financial advice, DYOR.
by betimmavriqi
USD CADMy analysis on USD CAD, I use limit orders so I don't need to be in front of the chart all day. To consider this a good entry there are certain criteria to follow: 1. Clean BoS with IMB. 2. * Look for areas where liquidity has been purged. 3. * Stochastic: in uptrend 0-15, in downtrend 85-100. ( * ) = Not optional but increases our probability. I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3. Set and forget. Trade carefully, This is not financial advice, DYOR.
Short
by betimmavriqi
USDCAD: Short term buyUSDCAD is almost neutral on its 1D technical outlook (RSI = 55.021, MACD = 0.001, ADX = 15.874) as the price has been mostly ranging within the 0.5 - 0.618 Fibonacci zone for the past two months. The 1D MA50 held and the push crossed over the 1D MA100 again, so on the short term we expect a HH on the 0.382 Fibonacci (TP = 1.36400). After that test, the price action since October 2022 (which is sideways) shows that most likely a pullback under the 0.618 Fib is to be expected. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
USDCAD Short-term sell signal to the December Low.The USDCAD pair gave us a strong buy signal last time we traded it (February 09, see chart below) but was rejected right under the 0.618 Fibonacci retracement level: A similar rejection happened on December 07 2022 and April 25 2023 which resulted into a sell-off to the lower Support Zone. Even though the medium-term pattern is a (dashed) Channel Up, the recent Bearish Cross formation can initiate a sell-off to the lower Support Zone similar to those we mentioned before. The confirmation would be a 1D candle closing below the 1D MA50 (blue trend-line) and the Higher Lows trend-line of the Channel Up. As a result our short-term target is 1.32300 (just above the Support Zone). A closing above the Symmetrical Resistance Zone, invalidates that. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, 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 us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
3
USDCAD - Top-Down Analysis 📹 UpdateHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Here is a detailed update top-down analysis for #USDCAD. USDCAD is hovering around the lower bound of the wedge pattern. So we will be looking for trend-following buy setups on lower timeframes. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
1
USDCAD: Potential Upsides with Canada easing inflationHey Traders, in today’s trading session we are monitoring USDCAD for a buying opportunity around 1.35700, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.35700 support and resistance area. The current scenario suggests a disinflationary trend in Canada when examining inflation and wage dynamics. While not the central expectation, it wouldn't be unexpected for the Bank of Canada to adopt a dovish stance during their upcoming meeting. This could involve hints at a potential rate cut in the future meeting or discussions surrounding pausing their Quantitative Tightening program. Trade safe, Joe.
Long
by JoeChampion
2
Fundamental Drivers: USDCAD ForecastIn the upcoming week, our focus shifts to USDCAD, where we're eyeing a potential buying opportunity around the 1.34300 zone. Currently, USDCAD is entrenched in an uptrend but is undergoing a corrective phase as it nears the 1.34300 support and resistance area. Adding a fundamental layer to this analysis, recent hot CPI and PPI data in the US underscore the potential upside for USDCAD. The robust Consumer Price Index (CPI) and Producer Price Index (PPI) numbers suggest strengthening inflationary pressures in the US economy, which could buoy the USD against the CAD. This fundamental backdrop aligns with our technical analysis, supporting the notion of a buying opportunity in USDCAD as it navigates its correction phase. Trade safe, Joe.
Long
by JoeChampion
USD/CAD: Interpreting CPI Numbers Through Technical LensHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.34630 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.34630 support and resistance area. Adding a fundamental layer, The recent CPI data in the US has shown signs of inflationary pressure, with the core CPI coming in stronger than expected at 0.4%, surpassing the market consensus of 0.3%. This unexpected uptick in inflation has sparked speculation that the Federal Reserve may adopt a more hawkish stance, as Chair Powell's recent comments hinted at a reluctance to implement rate cuts in the near term. As a result, the US dollar has strengthened, leading to potential buying opportunities in USD pairs like USDCAD. The robust CPI figures suggest a possible continuation of USD strength, which could support bullish momentum in USDCAD. Trade safe, Joe.
Long
by JoeChampion
1
Sell USDCAD Bearish ChannelThe USD/CAD pair on the M30 timeframe exhibits a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Bearish Channel: As visualized on the M30 chart, the price has been confined within a descending channel characterized by two falling lines: a resistance line and a support line. This ongoing downtrend signals continued selling pressure. Sell Entry: Consider entering a short position around the current price of 1.3460, positioned close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 1.3414 and 1.3396, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 1.3485. This helps limit potential losses if the trend unexpectedly breaks upwards. Thank you
Short
by KABHI_FOREX_TRADING
21