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Usdcadbuy

USD/CAD Bullish Setup: Key Support Holding for Potential Upside This chart represents a technical analysis of the USD/CAD currency pair on the 1-hour timeframe. Here's a breakdown of the key elements: Key Indicators & Levels: Exponential Moving Averages (EMA): 200 EMA (Blue Line): 1.43906 (Long-term trend indicator) 30 EMA (Red Line): 1.43859 (Short-term trend indicator) Support & Resistance Zones: Support Zone (Purple Area, Lower): Around 1.43658 Resistance Zone (Purple Area, Upper): Around 1.44500 Trade Setup: Entry Point: Near 1.43753 (Current Price) Stop Loss: Below 1.43658 (Red zone at 1.43158) Take Profit Target: 1.45425 - 1.45433 (Blue zone) Potential Trade Direction: The price is expected to bounce from the support zone and move upwards. A break above the resistance zone (~1.44500) would confirm bullish momentum. The projected target is 1.45425 - 1.45433. Conclusion: Bullish Outlook: If the price respects the support zone and breaks above 1.44500. Bearish Risk: If the price falls below 1.43658, the setup would be invalid. EMA Perspective: The price is fluctuating around the 200 EMA, suggesting a potential trend shift. Would you like a more detailed breakdown or any additional insights
Long
by EA_GOLD_MAN_COPY_TRADE
USDCAD Bullish Continuation - Will Buyers Push Toward 1.45660?OANDA:USDCAD is currently trading within an ascending channel, maintaining a bullish structure. The price has broken above a key resistance zone and is now pulling back for a potential retest. This level previously acted as resistance and may now turn into support, aligning with a bullish continuation. If buyers confirm support at this zone, the price is likely to move upward toward the 1.45660 target. However, a failure to hold this level could indicate a potential shift in momentum. Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions. Let me know your thoughts or any additional insights you might have! 🚀
Long
by DanieIM
1
USDCAD Could move 1,064pips up the next month.The reasons why I strongly believe this move will happen are the following: According to the CFTC non-commercials are shorting CAD. Non-commercials have 20,388 positions long and 68,914 positions shorts. This means that they are selling more CAD than they actually buying it. According to this info we could expect a move to the upside. From a monthly perspective there is plenty of buy side liquidity in USDCAD. If you look at the chart you will see two blue circles and a dollar bill between them . Those highs have not been liquidated yet. The price is aggressively chasing those highs. According to the explanation provided the price is extremely bullish because is moving to a strong liquidity area. From monthly perspective the price already liquidates sell side liquidity. If look at the chart you will see a yellow circle . The yellow circle represents the sell side liquidity that was liquidated by the price. The price has bullish structure. The price is making higher highs will doing so liquidating sell side liquidity. There is a lot of optimists about the dollar getting stronger in the near future. DXY has bullish structure. The DXY is currently making a retracement. It is currently at 50%. We could assume that is very close to be ready because it took sell side liquidity as well. In other words, the CAD is getting weaker and the USD stronger.
Long
by Wiiso
2
USDCAD Potentially BullishOANDA:USDCAD Broke out of a major zone @1.39531 retested it and at the moment forming a double bottom around the zone. This point looks good for an entry, however, I will rather wait for price to break out of the double bottom neckline (to allow for a break in pattern of the lower lows and lower highs seen on H4) and its retest before going long. Waiting is the name of the game! Fingers crossed and eyes on the ball Past results does not guarantee future results, employ proper risk management on all your trades and do your analysis #USDCAD
Long
by Mbjoey
USDCAD Buying 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 Channel
Long
by ForexMasters2000
1
USDCAD I In correction and more growth to comeWelcome 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!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy