USDCAD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Usdcadanalysis
USD/CAD Multi-Timeframe & Order Flow Analysis Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
USDCAD Technical AnalysisHello guys 👋
The following is a technical analysis that I did on USDCAD on a 4H Timeframe at Forex.com. There will be a slight increase until it touches the trendline and there will be a brief correction to the support area below it. After the trendline break will lead to the resistance area. Very good to wait for confirmation before buying.
DeGRAM | USDCAD channel breakoutUSDCAD is making higher lows and lower highs, which is a triangle formation.
The market is in a bearish trend on the daily chart, and it's at a significant resistance level.
We expect the downtrend to continue since the trend is bearish.
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USD/CAD 1WThe price from it TopView; currently USD/CAD is in a consolidation phase to continue with it trend and at the same point with the major consolidation phase, yet a minor degree correction wave is occurring as « Descending Triangle. While the major phase is a semi-falling flag, say a descending since the peak price are making series of higher lows but not in an obvious way same as the troughs lower lows match the trend line not exactly too low.
The price highs peak line is a potential key Resistance or Turning point
USD/CAD Reacts to CPI, Debt Ceiling Woes Two big events affecting the USD/CAD pair include the CPI reading from Canada yesterday as well as the ongoing debt ceiling crisis in the US.
In April, the monthly Canadian headline CPI surged by 0.7%, resulting in an annual rate of 4.4% compared to the previous 4.3%. This increase exceeded the consensus estimates by three-tenths of a percent in both instances. Consequently, the USD/CAD experienced a 0.4% decrease, reaching 1.3404, before rebounding to a high of 1.3535 USD/CAD has now also breached its 200-day simple moving average on the downside, closing below it to reinforce the bearish signal.
Strengthening this assertion is that the Bank of Canada had recently put a halt to its tightening campaign, having raised interest rates by 425 basis points since March 2022. However, they indicated that this pause was dependent on the inflation outlook aligning with the forecasted trajectory. It is unlikely that this week's CPI data meets this requirement.
Offsetting the positive news for the Canadian dollar is the prevailing optimism in the United States regarding the government's ability to avoid defaulting on its debt.
Following emergency discussions at the White House, President Joe Biden and Republican leaders cautiously expressed hope for a potential agreement to raise the US debt ceiling. The agreement must be reached and approved by both houses of Congress before the federal government exhausts its funds to cover expenses, which could occur as soon as June 1 (only two weeks away). Despite House of Representatives Speaker Kevin McCarthy stating that the two parties remain considerably apart, he believes that a deal could be achieved by the end of the current week.
USDCAD: Nice entry for Buy-er!Fundamental Overview
If the Federal Reserve meeting were held today, it is likely that they would maintain the current interest rates due to the ongoing uncertainty surrounding the banking sector. However, it's important to note that market conditions can change rapidly. If the upcoming weekend remains stable without any urgent need to rescue failing banks, there is a good chance of a 25 basis points rate hike. The Federal Reserve tends to increase rates until economic instabilities arise. In the case of only SVB, persistently high inflation could trigger further rate hikes. This would result in a stronger US Dollar, which could eventually lead to a decline in stock markets once the relief rally surrounding no new bank failures subsides.
Plan trade in the intro
USDCAD successfully fulfilled my last idea. What nextUsdcad is exactly moved according my previous analysis and give us 230+ pips
( tagged ).
Market is trading in symmetrical triangle pattern and near the resistance area, if market hold resistance and reject from the area you can sell
I expect some bearish move from this zone.
Always trade safe and must use stop loss.
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CAD CPI could trigger next wave downThe previous CAD CPI data marked a significant turning point, with CAD having a 2 week hangover and the basket of major currencies getting a wild ride against the weakened CAD.
Could we see the opposite this time around? USD is seeing significant strength against the basket but is starting to look ripe for a pullback. If we see another strong day for USD on monday, pushing USDCAD into the cluster of pre vious activity between 1.36000 - 1.36500, we could be primed for a significant pullback in USD strength and the CAD CPI might just be the catalyst for a major leg down to back below 1.34500.
Of course, don't trade blindly, wait to see if the setup occurs, see the CPI numbers and how the market reacts. This is a very specific scenario, but if we are in that 1.36000 range when the numbers are released Tuesday, I'll be very quick to enter short if the market sees intraday downside momentum.
usdcad analysis for this weekHEY TRADERS!! are we ready to have another Successful Profitable Trading Week!! i know i am so ready for what this week has to offer us!!
as i stated last week, i was waiting for usdcad to come down a little lower to mitigate the imbalance there was shown on the higher time frames..
how ever price action started to show signs of sellers being exhausted on friday and with the weekly opening up as it has, i will be anticipating usdcad to rally here!
now this happens to coincide with my analysis regarding the DXY from this past week ( we seen the DXY coming down to a significant support and then price action started creating higher lows and is what i believe to be on its wat to creating those higher highs we want to see at this area!!
Disclaimer - past profits don't guarantee a future result, trading is risky and one can loose some of or all of their invested trading capital!
Information shared is for EDUCATIONAL and DEMO PURPSOES ONLY
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 4H timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 1.36000.
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USD/CAD Last Entry +60 Pips , New Entry To Who Missed First !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
USD/CAD Multi-Timeframe & Order Flow Analysis Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.