USDCAD Pair : USDCAD ( U.S Dollar / Canadian Dollar )
Description :
Break of Structure
Head and Shoulder
Bullish Channel as Corrective Pattern in Short Time Frame
RSI - Divergence
Completed " 1234 " Impulsive Waves
Usdcadanalysis
USDCAD
In the 4-hour timeframe, USD/CAD is exhibiting a bullish trend following a breakout from a falling wedge pattern. This breakout typically suggests a reversal of the prior downward momentum. Traders may anticipate further upward movement in the pair, potentially targeting resistance levels as the bullish sentiment strengthens. However, it's prudent to monitor for confirmation signals and manage risk accordingly.
DeGRAM | USDCAD channel pullbackUSDCAD is back within the channel.
The price chart retested the channel boundaries and dynamic resistance.
We expect a decline within the channel after overcoming the current level.
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usdcad idea for swingThere are important areas of interest. It could be that we are now in decline and then make the original price movement. I would like to look for purchases in the indicated areas.
USDCAD - Confluence for a buy ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. There is a confluence of arguments for a buy, is if price continue the retracement to fill the imbalance and then rejects from trendline + S/R zone + institutional big figure 1.36000.
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USDCAD | LT Short D1 | Oil to power CAD StrengthPair: FX:USDCAD
Timeframe: D1 - Long Term (LT)
Direction: Short
Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames
- Price action is at the top-end resistance of a parallel channel
- Horizontal trendline looks like a supply zone across few periods
- Aiming for the 32.8% Fibo Retracement with 23.6% as the TP 1 level
Fundamental Confluences for Trade:
- A strong oil story from ongoing geopolitical risks is a strong story for CAD's economy to remain their hold on interest rates while US's reflation story has been priced in by markets
- Risk is further war escalation from the Israel-Iran tension which continue the rush to safe-havens like USD or JPY.
Suggested Trade:
Entry @ Area of Interest 1.3750 - 1.3850
SL @ 1.3898
TP 1 @ 1.3640 (TP Half-Position & move SL to Entry level for B/Even once TP1 is achieved)
TP 2 @ 1.3567
Risk-to-Reward @ Approx. 2.08 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
USDCAD- Short IdeaEntry: Price broke through the swing low and the trendline with volume. Entry at the bearish zone.
Stop Loss: Slightly above the bearish zone. Give stop loss some room to breathe.
Take Profit: At TP, the nearish bullish zone.
USDCAD is Ready to Go Up(➡️RR=2.48)🏃♂️ USDCAD is moving in a Descending Channel and is currently near the Uptrend line and🟢 Support zone(1.3704 CAD_1.3618 CAD) 🟢.
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
🔔I expect USDCAD to rise to at least 1.384 CAD after breaking the upper line of the descending channel.
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USDCAD
🟢Position: Long
✅Entry Point: 1.37163 CAD (Limit Order)
⛔️Stop Loss: 1.36660 CAD
💰Take Profit:
🎯1.38047 CAD👉Risk-To-Reward: 1.76
🎯1.38411 CAD👉Risk-To-Reward: 2.48
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
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U.S.Dollar/Canadian Dollar (USDCAD), 1-hour time frame ⏰.
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 gladly see your ideas in this post.
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USD/CAD Sell Trade Analysis: Exploring Short OpportunitiesThe USD/CAD currency pair presents an intriguing opportunity for a sell trade, with technical indicators suggesting a potential downward movement in price.
Technical Analysis:
Resistance Level: The pair is currently approaching a significant resistance level, which has historically acted as a barrier to further upside movement. This resistance level indicates a potential area for initiating a sell trade.
Trade Recommendation:
Entry: Consider entering a short position as the price approaches the resistance level, ideally after confirmation of bearish price action such as a bearish engulfing candlestick pattern or a rejection from the resistance level.
Stop Loss: Place a stop loss above the resistance level to manage risk in case of a breakout.
Target: The initial target could be set at a support level or a previous swing low, with potential for further downside if the bearish momentum strengthens.
Disclaimer:
Trading forex involves substantial risk of loss and is not suitable for all investors. The analysis provided here is for informational purposes only and should not be construed as investment advice or a recommendation to trade. Always perform your own due diligence and consult with a qualified financial advisor before making any investment decisions. Past performance is not necessarily indicative of future results. Trading carries risks, and it's essential to only trade with capital you can afford to lose.
USDCAD Buys1 HR and 4 HR time frames are Bullish
There is 1 HR and 4 HR Demand zones
Price Broke Structure and is retesting Demand Zones for possible Bullish Run
Wait for Your favorite Entry signal in Demand Zone
Place SL below Demand Zone
Will The Loonie SELL OFF Again, Or Break Up to 1.40??The Loonie has been hovering between 1.31 and 1.39 for the past two years, and we're quickly approaching the upper boundary of this weekly range. Will there be another sell-off?
Let's dive into what the price charts reveal. We're riding a 17-week uptrend on the weekly chart, with last week's candle showing an especially bullish move—over 200 pips—pushing us near the top of the range. Historically, the final push to the range's peak tends to be the most bullish, as shown in the chart below.
This pattern suggests that it might be a good time to consider selling once the right signal appears. On the daily chart, we see a similar pattern: the last leg up to the range top is usually the most significant.
Below is the sell zone chart, indicating where I plan to look for sell signals between 1.38 and 1.39 using my TRFX indicator.
I anticipate that the market will reach this sell zone in the next few days. Then, I'll wait for a sell signal on the 4-hour charts or higher.
The target for this trade is the bottom of the range at 1.31. Based on past patterns, the price should drop to this level fairly quickly.
This trade idea would be void if there's a clear break and a weekly close above 1.39. If that happens, expect a move up to the significant monthly SUPPLY/SELL zone starting at 1.40.
Would love to hear your thoughts in the comments below
USDCAD I Correction of recent bullish impulse in progressWelcome back! Let me know your thoughts in the comments!
** USDCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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USDCAD Bullish side Looting plan to make 💰💵 moneyDear Robbers,
This is our Day Trade master plan to Heist Bullish side of USDCAD Bank. My dear Robbers U can enter at the any point above my entered area, Our target is Red Zone that is High risk Dangerous area. Be safe and be careful and Be rich. Loot and escape near the target 🎯
USDCAD : Short Trade , 4hHello traders, we want to check the USDCAD chart. The price is moving in an ascending channel and has reached the specified resistance level. We expect this level to stop the upward trend of the price and the price will fall to around 1.36600. Good luck.
USDCAD - Long from support zone ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look only for long position. My point of interest is if price makes a retracement to fill the imbalance lower and then to reject from trendline + S/R zone + institutional big figure 1.36000.
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DeGRAM | USDCAD rebound from the retracement levelUSDCAD is moving in an ascending channel.
The volatility of price movement has decreased.
The chart has reached the 50% retracement level of the last upward impulse.
The price is above the level of dynamic support.
We expect a rebound after a retest of the current support.
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UsdCad- New rise to 1.39?Towards the end of last year, FX:USDCAD found itself testing the crucial support zone at 1.32. Subsequently, the pair reversed its course and, as of the beginning of February, has been consistently forming higher lows on our daily chart while pressing the significant resistance level at 1.36.
I anticipate that this resistance will ultimately be breached, paving the way for a rise towards 1.39. My bullish stance on this pair remains intact as long as the sequence of lower highs is not violated.
USDCAD⚠️ Reaction From Hedger Premium Zone Out✔️USDCAD is expected to rise
✔️Recommended to consider buying
🟢 Try to BUY🔼 all the Dips !!!
✔️Confirmation Buyer Limit Area
Trade active:
Now try to go up with new buyers...
✔️Buy the dips!!!
USDCAD SELL | Idea Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCAD
I still did my best and this is the most likely count for me at the moment.
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USDCAD next MovePair : USDCAD ( U.S Dollar / Canadian Dollar )
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame
Break of Structure
RSI - Divergence
Completed " 12 " Impulsive Waves
Demand Zone
DeGRAM | USDCAD dynamic resistance breakoutUSDCAD has reached the retracement level of 78.6%.
The price broke through the level of dynamic resistance, which will now act as support.
The chart worked out the growth of the previously formed harmonic pattern "Bat".
We expect a retest of the nearest level followed by a rebound from it.
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DeGRAM | USDCAD correction in the local channelUSDCAD is moving in the local descending channel.
The chart reacted 4 times with an immediate decline on reaching the upper boundary of the channel.
The price is still under strong resistance coinciding with the 88.6% retracement level.
We expect a pullback from the upper boundary of the channel.
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DeGRAM | USDCAD under resistanceUSDCAD has failed to break the resistance level more than 6 times.
The price formed a bearish takeover from the level.
We expect a pullback from resistance and a retest of the 50% retracement.
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