USDCAD Buy IdeaUSDCAD printed a leading diagonal. We are currently on a wave 2 correction. Waiting to trade wave 3 impulse.
Usdcadanalysis
USDCAD SELL | Day 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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🌟📉 Exciting Update on USDCAD's Ranging Market! 📊💼As mentioned earlier, let's dive into the latest developments regarding USDCAD's market dynamics. Get ready for insightful updates and potential trading opportunities. 🚀📈
📉 Downward Trend Forecast:
Our analysis suggests that USDCAD is poised to transition into a downtrend. Why? Because we anticipate further downward movement in the DXY (Dollar Index), which could influence the direction of USDCAD. Stay tuned for potential bearish opportunities! 👇📉💰
⚠️ Managing Sell Orders:
If you have active Sell orders through your EA, it's advisable to consider adjusting your strategy. Specifically, you may want to halt new sell orders when USDCAD experiences a rebound from the demand zone (1.3456), as illustrated. This adjustment can help you navigate the evolving market conditions effectively. ⚙️📉💡
🔄 Next Up: AUDJPY Ranging Market:
Looking ahead to next week, we shift our focus to a new ranging market opportunity—AUDJPY. Stay tuned for our next post, where we'll provide valuable insights and analysis on this currency pair. Get ready for another exciting trading prospect! 📆🔍🌍
Embrace the updates, adapt your strategies accordingly, and seize the potential within USDCAD's ranging market. Don't forget to join us for the upcoming post on AUDJPY, where we'll uncover more trading possibilities. Let's make the most of these opportunities and aim for profitable trades! 💪💼💹
#USDCAD #RangingMarketUpdate #DownwardTrendForecast #AUDJPYNextWeek #TradingOpportunities 📈🔍💱
USDCAD Short Term Sell IdeaD1 - Bearish trend pattern followed by a pullback.
Price reached a strong resistance zone and is bouncing lower.
Bearish divergence.
H1 - Lower lows.
No opposite signs.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
USD CAD LONG Very much on an uptrend so am waiting for a pull back and rejection or 4h close above 1.36197 creating a Higher high close and then a rejection and a close on the 30m to look for buys
USDCAD SELL CONFIRM The USD/CAD pair attracts some dip-buying on the first day of a new week, albeit lacks follow-through and remains below its highest level since December 13 touched last week. The initial market reaction to the OPEC+ agreement to extend voluntary oil output cuts to the end of the second quarter turns out to be short-lived amid global economic concerns and rising output outside the group. This prompts some intraday selling around Crude Oil prices, which is seen undermining the commodity-linked Loonie and acting as a tailwind for the currency pair.
USDCAD Trade IdeaMarket Analysis: USDCAD on the Daily Time Frame
The USDCAD currency pair has exhibited a notable upward trend on the daily time frame. This trend is characterized by a consistent pattern of higher highs and higher lows, indicating bullish momentum. Additionally, there is a clear breakout (BoS) to the upside, further supporting the bullish bias.
As we anticipate a retracement in price, it’s essential to consider the impact of upcoming calendar events throughout the week. These events can introduce volatility and potentially influence the pair’s movement.
Given the technical context, my bias leans strongly toward a bullish entry near the fifty percent Fibonacci retracement level. I recommend placing a wide stop-loss at 1.34400 to allow for market fluctuations. Our target should align with the previous highs as we capitalize on the ongoing bullish trend.
Remember to monitor the economic calendar closely and adjust your strategy accordingly. Happy trading!
USDCAD - Potential long position ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to make a retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.35000.
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USDCAD BUY | Day Trading AnalysisHello Traders, here is the full analysis.
Price reversal going up, levels for BUY .. GOOD LUCK! Great BUY opportunity USDCAD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
📆🚀Exciting Next Week Planning! 📈💰 Trade USDCAD up and down!📆🚀 Exciting Next Week Planning! 📈💰
Get ready for some thrilling opportunities in the upcoming week! 🌟 Let's dive into the details and explore the potential of USDCAD, a ranging market with a range height of 160 to 200 pips. 📊💹
🔥 Ranging Market Analysis:
USDCAD is expected to trade within a range, offering opportunities for both long and short positions. This type of market environment can be advantageous for running Expert Advisors (EA) to potentially earn passive income. 💵💼
💼💹 Earning Passive Income:
By utilizing EA strategies, you can automate your trading and potentially generate income without constantly monitoring the market. This allows you to focus on other aspects of your life while your EA takes care of the trading operations. It's like having a dedicated trading assistant! 🤖💸
✨ Take Advantage of the Range:
With a range height of 160 to 200 pips, there is significant potential to capture profits during price oscillations within this range. It's crucial to set appropriate entry and exit points based on your trading strategy and risk tolerance, maximizing your chances of success. 📈🎯
🌟💪 Stay Informed and Adapt:
As with any trading endeavor, it's essential to stay informed about market developments, news events, and technical analysis. Keep an eye on key support and resistance levels, as they can provide valuable insights for your trading decisions. Remember, adaptability and continuous learning are key to success in the dynamic world of trading. 📚📰
🚀💰 Embrace the Opportunities:
Get ready to seize the potential of USDCAD's ranging market and leverage the power of EA trading to earn passive income. Plan your strategies, set your targets, and be prepared to take action when the right opportunities arise. The next week holds exciting prospects for traders! 💪💹💼
#NextWeekPlanning #USDCAD #RangingMarket #EATrading #PassiveIncome 🌍💱
USDCAD - Bullish continuation ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: As I expected in my previous analysis price filled the imbalance and rejected from support zone. Now I expect bullish continuation and my target is buy side liquidity.
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USDCAD Trading Plan - 20/Feb/2024Hello Traders,
Hope you all are doing good!!
I expect USDCAD to go Down after completing this correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
USDCAD NEXT MOVE POSSIBLEUsdcad Under This Channel Looks Like We Have Best Buying Opportunity Around 1.34800
Take Profit Upto 1.35586 Dont Miss This Opportunity Note ;- Its Not A Singal Signal Will Be Available After Confirmation Stay Tuned For More Updates
USDCAD BUY | Day Trading AnalysisHello Traders, here is the full analysis.
The completed correction, hint at the continuation of growth. GOOD LUCK! Great BUY opportunity USDCAD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
DeGRAM | USDCAD broke the consolidation zoneUSDCAD is currently trading in an ascending channel.
The market broke and closed above the consolidation zone and psychological level at 1.35000.
Price pulled back to the kill zone: support at 1.35000 and 50% fibo retreatment.
We anticipate a retest of the major resistance.
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USDCAD Eve Bottom suspect long for 1.3535#USDCAD froming higher high and higher low in 4h time frame, price broker 1.3540 strong resistance level. Demand zone for long 1.3470-3440, stop loss below 1.3420, target: 1.3535.
USD/CAD could be nearing the end of its retracementA double top formed this month around a 50% retracement level on the daily charts ahead of its latest pullback. And it is interesting to note that the market tends to react around the 50% level.
The double top could actually be part of a 3-wave retracement, and that retracement could be nearing completion.
We saw a strong rally into the January high, hence the bias for an eventual continuation of that move. Bulls could look for a swing low to form around 1.3350 - which is near a high-volume node and another 50% level, and initially target the January highs - a break of which brings 1.36 into focus.
USDCAD Long Term buying Trading IdeaHello Traders
In This Chart USDCAD HOURLY Forex Forecast By FOREX PLANET
today USDCAD analysis 👆
🟢This Chart includes_ (USDCAD market update)
🟢What is The Next Opportunity on USDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Trade idea: Canadian inflation data tomorrow On Tuesday, February 20, Canada will unveil the latest inflation data. It is anticipated that headline annual inflation will decrease to 3.2%, marking its first deceleration since October 2023, compared to December's figure of 3.4%. Bear in mind, the Bank of Canada's previously indicated that they expected inflation to persist near 3.5% until mid-2024. The forecasts obviously suggest a slight easing.
Various commercial banks offer a range of forecasts too. ING predicts 3.1%, Wells Fargo anticipates 3.2%, National Bank Financial (NBF) estimates 3.3 to 3.4%, CIBC forecasts 3.3%, and Citi expects 3.4%.
On the chart. the USDCAD faces challenges breaching the 1.3500 resistance line, but it currently hovers just above a supply zone and right on the threshold of its bullish trend line.
The next potential targets are in the range of 1.3530 to 1.3550, with December high at 1.3620, just above this.
It's worth noting that both Canada and the US observe bank holidays on Monday, which could lead to reduced trading volumes.
USD/CAD still selling offEarlier I posted a USD/CAD SHORT trade which was unforunately blocked because of a TV house violation I was unaware off bit one that I fully understand.
I had an initial target for this trade at 1.3492 which we have reached.
There's no sign that this pair have finished selling off following the major Retail Sales shock out of the US.
Core Retail Sales were expected in at +0.2% but missed by an astonishing 8 points to come in at -0.6%.
This has seriously impacted all USD pairs and as I'm in this USD/CAD SHORT I see no reason to close the position just yet.
My next target is 1.3470.
USDCAD - Still bullish ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I want price to go a little bit lower to fulfill the imbalance and then to reject from support zone for a long position.
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USDCAD LONG TERM BULLISH CONTINUATION USDCAD Long term bullish continuation.
The Formation of long term yearly double bottom that was broken long ago and now the yearly candles are finishing the heavy load retesting heavy that took years to form.
And on 2024 I'm expecting USDCAD to start the long gone rally that is supposedly to finish the formation of double bottom, break and retest of it and a rally finish that finishes the pattern.
USD/CAD LONG from 1.3473 USD/CAD has broken through the neckline of a W pattern and has the look of heading higher.
The price is now above all significant EMA's that are now grouped on the H1 time frame and its the same story on the H4 time frame.
With no significant news until tomorrow's US CPI numbers at 13:30 GMT , there shouldn't anything that would encourage USD/CAD BEARS so the WR1 pivot at 1.3530 looks a reasonable target though we're not likely to get there until well into tomorrow.
STOP is under the recent lows 1.3449.
