Get started

Usdcad4hr

USD/CAD Long OpportunityUSD/CAD is back at the trendline that defines it's current overall uptrend on the 4 hour chart. It has also close just above a major resistance area/zone. I will be looking to enter a long when the market opens this week. PLEASE NOTE: I don't usually use a stop loss except to lock in profits so make sure to choose your own stop loss. I typically wait for a 4-hour candle to close beyond my stop loss before I exit. This way I don't have to worry about wicks/being faked out. This time I will be watching for a 4-hour candle to close below the trendline to define my exit point. I also typically lock in profits once I'm up 30-50 pips so limit my losses. LET ME KNOW WHAT YOU GUYS THINK ABOUT USD/CAD IN THE COMMENTS SECTION BELOW!
Long
by Jabest
2
USDCAD - Bearish CypherThe sell-off in USDCAD could be coming to an end at the 70.70% retracement level with stochastics firmly in oversold territory. We've noted a 1.272% extension of the impulse leg down (green box shows 1.272 - 1.414 Fib levels) which would suggest a move up to around 1.27200 to complete the pattern. A break and close below 1.25130 will invalidate this pattern, and we are looking for a reversal sign between 1.27200 and 1.27700 before shorting this pair in the direction of the prevailing trend. All the best, Mase.
by Mase_00_7
7
USDCAD Bouncing BackAnother setup at usdcad. the pair at which I hold the worst track record :D :D So trade it your own risk and use a stop loss. If this goes sideways there will be enough other profitable setups this week. USDCAD has reached a resistance at the monthly and weekly time frame and also if you take a look at the daily and zoom out a bit you see that it had a strong bounce back at this level. This all indicates that nice week can be a nice bullish week for usdcad with a possible bounce back to 1.28-1.31. So 300+ pip target and i recommend to use a 60 pip stop loss, maybe 80 pips if you take small position size
Long
by JoshFX1
USDCAD Buy The Bounce BackUSDCAD has been in a nice bearish trend. Right now its challenging the lower range again so we go try a buy and aim at the bounce back up. Long term usdcad might still be bearish but for intra day we can see a nice bounce back of 60-80 pips with oil also looking week. The weekly time frame show the same channel and bounce back. The red line is the last strong support at 1.25. If the 1st buy entry fails we can try another one here. If it breaks then sell it for 1.12 as target. 60 pip stop loss.
Long
by JoshFX1
Short USDCAD Short Term based on 30M, 1H, 4H + Fundamentals.Good Morning all, Sorry I'm late with this analysis - entered the trade very early this morning and was unable to write up my analysis before now so I apologise for the late entry, however we have plenty room for pips yet so I thought it would be worth adding. The USDCAD has been trading in a tight range but we've seen a bearish breakout below a lower trendline and coupled with some fundamentals, this has given us the opportunity to go short on this pair. Technicals: EMA50 has crossed below EMA200 (Death Cross) on both the 30min, 1H and the 4H charts. After breakout, price broke below major support at 1.34708 with potential for a further leg down. Fundamentals: With Oil prices rising and consolidating in a bullish manner, we can expect some support for the CAD in the short term. With US data being choppy and great uncertainty as tensions rise with North Korea and whether the FED will hike rates in June or not, I would consider the USD being the weaker of the pair. Place your stop at 1.35044 and price targets of 1.34300 but we're not setting a TP, we will let this run and adjust our stop accordingly to secure profits. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Short
by AEFX786