USDCAD TP@ 1.35404TP is 1.35404 Based on the price action and gaps that happened, the USD/CAD will rise up to 1.35404. CAD is always best for traders. Good LUck
Usdcadanalysis
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 12May2023if you look at price movements, it is likely that there will be a long bullish run for the next few weeks. This analysis is valid as long as wave 2 is not broken. take the opportunity to buy when the price is corrected
USDCAD Break or False Break? Still Need Confirmation To BreakoutStill seen if Supply is still strong to be penetrated, this allows the downside to still occur.
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 is a ready-to-flyusd/cad is a ready-to-fly that can be entered into a Buy; But you must managing capital risk and accepting its risk and its loss limit. Two TP is considered to be in the chart, and the loss limit is also specified.
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.
USDCAD Potential Breakout TradeUSDCAD currency pair breakout trade on either side, if broke resistance or support. You can also place buy stop and sell stop orders or wait for breakout.
USD/CAD Long Setup If We Have A Good Daily Closure 😉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.
USDCAD - Reversing to Bullish TrendUSDCAD - The bullish divergence on the USDCAD chart indicates a potential for the price of the US dollar to rise against the Canadian dollar. If the USDCAD breaks the last lower high, this will also be the entry point for the trade.
USDCAD fulfill my last idea Next setup?Usdcad is exactly moving according my previous analysis ( tagged ).
After hitting our sell target now market is at trend support line and last H4 candle close as bullish engulfing and this is the 2nd evidence we have to buy.
If market hold the support you can buy with small SL and big target.
If market break and close below trend line this setup will fail.
Always trade safe and must use stop loss.
If you like this idea kindly appreciate with like button.
USDCAD AnalysisPrice is reaching major support level rejected multiple times. 4HT didn't have any retracement which makes it even more probable rejecting this support zone. Pending order placed at round number.
W10-23 USDCAD BEARISH IDEA (DOUBLE TOP)potential bearish entry
Dow Theory in Place: Lower High and Lower Low Expected in Place
The double top, coupled with bearish divergence (a bearish reversal pattern).
Entry, SL, and TP levels are defined.
Looking for this potential set up when market opens back uphey guys, What a Week its been! we've been dominating the forex markets!!
here i'm seeing a lot of confluence with usd/cad we can see price coming down to major support area with Block Flow and confluence of the Daily Trend Line
Disclaimer - past profits don't guarantee future results, trading is risky! Information is shared for educational and demo purposes!!
Will Keep the Entry Pending... into early next week, if we don't activate by tuesday the 9th we will Cancel entry
USDCAD 5may2023this pair analysis is going well, if you look at the past analysis it is still appropriate. there is a big possibility that this downward trend is just a correction, USDCAD will still continue to be bullish later. better to wait in the blue area to see if there is a reversal later.
USD/CAD moves to daily low: Ivey PMI retreats less than expectedThe Ivey Purchasing Managers Index (PMI) in Canada, which measures the month-to-month variation in economic activity, dropped to 56.8 (seasonally adjusted) in April from 58.2 in March. However, this was a smaller drop than the market had expected, with the consensus forecast at 54.8. Following the release of the data, USD/CAD initially moved towards daily lows but later largely ignored the figures. The pair was last seen trading modestly higher on the day at 1.3615.
However, the USD/CAD is still in a bearish trend, and the recent price action suggests that the pair could resume its decline. Furthermore, the USD Index is trading within a tight range in the low-101.00s, and the loss of 101.00 could expose a move to the year-to-date low.
TRADE IDEA DETAILS
CURRENCY PAIR: #USDCAD
CURRENT TREND: Bearish
TRADE SIGNAL: ↘️Sell
👉ENTRY PRICE: 1.3590
✅TAKE PROFIT: 1.3470
❌STOP LOSS: 1.3660
This bearish outlook for the USD Index could also put downward pressure on the USD/CAD pair. Therefore, a sell signal is recommended for the USD/CAD pair.
#ForexTrading #TradeSignals #TechnicalAnalysis #RiskManagement
USDCAD 3may2023the bullish price movements of the past few days have not been able to suppress the volume of the bearish candle that occurred on April 28. as long as the price does not penetrate the invalid area, this analysis is still valid, you can look for opportunities to enter sell
W10-13 USDCAD BULLISH IDEA (HARMONICS PATTERN)Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of Harmonic Bullish reversal Pattern AND DOUBLE BOTTOM coupled with bullish divergence at potential reversal zone (PZR)
Entry at the new HH
SL & TP Levels are defined.
