Cyber Monday saleUp to 70% OFF

Usdcadanalysis

USDCAD: Thoughts and AnalysisToday's focus: USDCAD Pattern – LH Resistance Point Support – 1.3441 Resistance – 1.3515 Hi, and thanks for checking out today's analysis. The USDCAD daily is today's focus, and it held up rather well after oil blasted higher yesterday. With the USD maintaining its run, this has kept things in check. Despite that, we still saw a failed high from buyers that have maintained a level of resistance. Will we see sellers continue to push after yesterday's session? If they can, we will look to support as a point of short-term resistance. A new move higher by buyers is also part of the play due to the last rally. With a break above resistance with the USD and oil supporting, we will look towards longs. A hold by sellers, look more for moves back down to test support and or the main trendline. Indicator-wise, the moving average continues to slope down, and the RSI has dipped below the 50 point. These favour sellers but are secondary to price. Good trading.
by Eightcap
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
Long
by ForexPlanet20
USDCAD: Monthly, Weekly & Daily Analysis The USDCAD presents three scenario. Upon analyzing the Monthly Chart, we discern the formation of a triple top pattern at the significant level of 1.4100. Moving to the Weekly Chart, we observe that the currency pair has already encountered resistance at 1.3700 and is currently retracing towards its support level at 1.3140. Lastly, in the Daily Chart, a clear uptrend is evident, with the price finding support on July 12, 2023, at 1.3125 and now poised to ascend towards the resistance level at 1.3800. These carefully analyzed indicators demonstrate the potential for a favorable trading opportunity in the USDCAD. Kindly share your thoughts and opinions in the comment section. Your valuable insights are greatly appreciated.
by FKW-Millions
2
USDCAD -- Bears Market?!Hello Traders, Today, the pair is looking to bounce off trendline, repeating the lower high / lower low pattern. Although the Daily shows price above the 200 MA, which generally gives us the trend, should we put in a short order and target last low of ~1.311?? I f we get a close today on or below the BB basis line, and tomorrow pushes it down further, I would short this swing! For now, let's see today's/tomorrow's close on the Daily for confirmation. Also, we'll check the DXY for any big fundamentals we'd consider for. Otherwise, just for technical analysis, hope to see today & tomorrow bearish candles, especially below the BB basis line.... then I might have the warm & fuzzies!! This is only an opinion, so please only treat as such, thanks!
Short
by WolfBladeTrading
2
USDCAD I Long opportunity from support Welcome 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
15
USD/CAD Faces Resistance Above 1.35; CAD GainsThe CAD has recently shown appreciation against the USD, and there's a historical resistance for the USD/CAD pair breaching above the 1.35 mark. Short-term technical trends also favor the CAD, and the 1.3495/1.3500 zone is a significant support. Breaking this support could lead to a quick decline towards the 1.34 area. This, combined with recent economic data, suggests a potential short position. TRADE IDEA DETAILS CURRENCY PAIR: USD/CAD CURRENT TREND: Bearish for USD (Bullish for CAD) TRADE SIGNAL: SELL 👉ENTRY PRICE: 1.3495 ✅TAKE PROFIT: 1.3400 ❌STOP LOSS: 1.3525 TRADE PLAN: Enter a short position at the 1.3495 mark. Monitor the trade and adjust the stop loss to break-even once the price moves favorably by around 50% of the expected range. Watch out for any significant news events or economic data releases which might impact the USD/CAD pair. FINAL THOUGHTS: This trade idea is based on both technical and fundamental analysis. While CAD shows signs of strength, it's essential to monitor the trade closely due to potential volatility from external economic events or unexpected news. Always trade responsibly and never risk more than you can afford to lose.
Short
by RichDadph-FX
USDCAD: Rebound in short term?In the last few sessions we have seen an interesting consolidation on intraday chart. From a technical perspective, this bearish leg could also be a 12345 impulsive structure. That said, some corrective structure is possible in short term. In this specific case, the problem is not "if" we reach the Target, but "when" we will reach it and from where the technical rebound will begin. Target1 at 1.36 with long position accumulation strategy (Buy the Dip). Trade with care Like | Share | Comment
Long
by TheAnonymousBanker
USDCAD - AnalysisUSDCAD MN - ABC structure is visible, from which growth can continue to the level of 1.46678 W1 - The price has broken through the level of 1.36627, now we can expect a correction to 1.33952 After this level, both a downward movement and continued growth may develop. What can you expect now? Correction to 1.33952, then a clear formation will appear. Continued decline may reach 1.27837 With growth it may reach 1.43437 Long Targets 1.36627 - 1.40189 - 1.43437 Long-term perspective – goals 1.40189 - 1.43437 - 1.46678 Short Targets 1.33952 - 1.30918 - 1.27837 Medium term - goals 1.30918 - 1.27837 - 1.24507
by Trade_Hive_Signals
2
USDCAD A DECISIVE DECISION hello traders , it seems like usdcad has a very important decision to make either Break the bearish trendline and go up to the key support that i indicated or Reject from it and drop back to the bullish trendline for the buyers to regain some strenght the break out may be influenced by the fundamentals coming later this week to determine the fate of the dollar and the fate of the pair. this is just my humble opinion but yeah follow me its free i post to you amazing setups and updates every week.
by xAB777