Usdcadanalysis
USDCAD possible short for 1.3420double top formation in the background. supply zone for short 1.3630-65, stop loss: 1.3685, target: 1.3420.
UsdCad in search of new resistanceIn my previous UsdCad analysis, I said that the pair could start to rise and challenge the 1.35 zone.
Since then UsdCad has risen 300 pips and is now is trading well above 1.35.
Today the pair seems to break above the newly formed resistance and go for a test of important 1.3650.
My outlook remains strongly bullish and only a dive under 1.35 would put a pause to this scenario
USDCAD Triple Top USDCAD making a triple top and price might comes down from this resistance.
Manage your risk Accordingly!
DeGRAM | USDCAD consolidating before breakoutUSDCAD is currently trading in an ascending channel.
The market created a consolidation zone or triangle pattern.
Essentially, the price is coiling up before breaking through the level.
We anticipate a retest of the major resistance in anticipation of completing the AB=CD pattern.
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USDCAD in my opinionStructure is bearish but on Daily Chart USDCAD is bullish.
I see LL, LH structure. I will looking some entry after open London.
Every time remember about risk. Slowly slowly gain
Short opportunity on 15 min USDCAD chart...Major turn level shows on USDCAD chart.
Short opportunity seems on this chart.
Risk-Reward is so logical.
Trade safe.
Good luck.
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
USSCAD: A SHIFT IN DOLLAR?Reuters reports dollar retreats from 2 months high.
An interesting observation and looking at the charts, we can see a text book chart pattern.
Downward trend and a retest to a significant level.
We understand a fake out from the descending price could happen.
Watch out. Comment what you think
USD CAD SCALPRisk 0.5%
TP1 = 1:2 RR
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USDCAD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bearish market structure from daily perspective, so I am looking for short. I want price to continue the retracement to fill the imbalance higher and then to reject from 4H bearish order block + institutional big figure 1.36000.
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USDCAD I Wait for pullback 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.
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USD/CAD PREDICTION ON 17.08.2023At the moment, the Canadian Dollar (CAD) is exhibiting a bearish trend. Several factors could be influencing this downturn, be it economic data from Canada, global oil prices, or international trade dynamics. It's vital for investors and traders to keep abreast of relevant news and economic indicators from Canada. Always combine insights with personal research and consider seeking advice from financial professionals before making investment decisions.
USDCAD Analysis 17Aug2023USDCAD looks very bullish. Last week, prices responded positively to the SR Flip area and continued bullish. If you want to buy, you can adjust your money management. There is a possibility that the price will be corrected in the SND area and then resume bullishness.
USDCAD shortLower low here and then a following lower high, offers up great R.
Higher time frame failure to go higher as well. Could be a bit too early to be shorting. But seems like a good opportunity especially with DXY looking heavy.
USDCAD 4HR AANALYSISUSDCAD is in an uptrend, though price has been rejected twice at the higher TF and it's consolidating at this level. If price breaks he trendline, I will look for a long position to the marked target level.
If price rejects at this level and gives a strong bearish patter, my bias will change and i will look for a sell position
UsdCad road to bullishnessRemember HTF is key, using weekly TF we can see that usdcad has broken structure cleanly to the upside leaving a very juicy fvg for next week trading and respective buyside liquidity above as draw on liquidity (dol)
I believe Tuesday or Wednesday go possibly trade back to the fvg and create the low of the week thereby expanding as a result of the fomc on Wednesday pm session newyork
USDCAD SELL STOPUSDCAD SELL STOP
Entry point :- 1.33842
Stop lose :- 1.35041
Target 1 :- 1.3264
Target 2 :- 1.3144
Daily Watchlist 9th August 2023Two pairs on watch this morning, USDCAD & CADJPY. Similar plays but crucial differences in WHERE price has come from. Stay sharp.
USD/CAD Surges Amid a Robust US Dollar and Softening Oil PricesThe USD/CAD pair witnessed a surge amid a resilient US Dollar and dropping oil prices. The Canadian Dollar was impacted by weak employment figures and the decline in oil prices, a crucial export product. Meanwhile, the US is bracing for persistent inflation, with headline and core CPI remaining steady. The financial landscape is further complicated by potential policy shifts by central banks. Both nations' economic health indicators paint a complex picture that drives the USD/CAD dynamics.
TRADE IDEA DETAILS
CURRENCY PAIR: USD/CAD
CURRENT TREND: Upward due to USD resilience and weakened Canadian Dollar (CAD) from declining oil prices
TRADE SIGNAL: Buy
👉ENTRY PRICE: 1.3475
✅TAKE PROFIT: 1.3575 (Potential 100 pips gain targeting the next psychological resistance level)
❌STOP LOSS: 1.3425 (A 50 pips risk if the USD loses strength or Canadian economic outlook improves)
ANALYSIS:
USD Strength:
USD's strength is apparent due to expected stubbornness in US inflation, which may hint at a Federal Reserve interest rate hike.
CAD Weakness:
The softening oil market and weak labor data in Canada exert downward pressure on CAD.
Market Sentiment:
Bearish sentiments in the US equities and S&P 500 futures may continue to feed into USD's resilience.
Technical Indicators:
The currency pair is at a critical level, and the upward trend seems to have room to continue, given the current economic indicators.
FINAL THOUGHTS:
This trade idea is based on current economic indicators and market sentiment, favoring a short-term upward trend in the USD/CAD pair. As with all trading activities, continued vigilance and adherence to risk management strategies are essential.
USDCAD Analysis - Long SetupThis is a possible long setup, without any lower timeframe confirmation, targeting 1.346 at least. However, this may just have been the retracement before heading lower, so I would suggest waiting for more confirmation on lower timeframes to support the entry.
R2F
USDCAD short ideaI see candles rejecting 1.3350 on the daily and we have one leg painted already on the 4 hour. I want to see another leg drop into the imbalance on the 15-minute at 1.3320.
