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Usdcadanalysis

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.
Long
by pips-makers
1
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
Long
by therealbinarymaster
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
Short
by RichDadph-FX
USD/CAD bulls eye 1.3700A strong bullish trend has developed on the 1-hour chart of USD/CAD, which is underscored by its timely yet shallow retracements. It's found support along the 10-bar EMA to show bullish momentum is increasing and the OBV (on balance volume) is trending higher with prices. A retracement has also found support around the weekly R1 pivot and the high of a prior bullish engulfing candle, whilst holding above the daily pivot point. The bias is bullish above the daily pivot and for a rally towards 1.3700, with the daily R1` and weekly R2 pivot providing potential targets for bulls just below 1.3700.
by CityIndex