Get started

Usdcadbuy

USDCAD BUYPrice retested flip zone, trend-line and Level 1.27000 I'll be looking for buys on level 1.27500 Reasoning: - Overall Trend is still bullish, however we've seen a little rejection around level 1.28000-1.29000 (Watch out for signs of a reversal) - Price broke and retested level 1.27000 & Price flip zone (Blue) - Price respected trend-line - USD has shown considerable strength as the FEDs are looking slightly Hawkish from yesterday's FOMC meeting. However, beware as sentiment about this is highly mixed Entry: Aggressive = Bullish push from level 1.27500 Conservative = Break and retest of counter-trend line (Red) WAIT TILL OPPORTUNITIES PERSISTS, NO CONFIRMATION = NO TRADE Take Profits would be placed at previous highs. *If Price rejects on 1.28000, Get out of the trade
Long
by NoahXBorg
USDCAD My Prophecy has happened !!Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ On July 20 I posted my analysis on the market and told u that a cup and handle pattern has formed and the market is looking Bullish Then on the 2nd of September, i posted an idea about how the market will probably move for the next period of time, and Today we see that the market moved exactly like I said it would ..... Today The USD/CAD pair added to its strong intraday gains and climbed to one-month tops, further beyond the 1.2800 mark heading into the European session. The market is still showing Bullish signs all over, and if we use the Elliot wave theory we see that we are having an impulsive wave right now that could push the market to the 1.3002 level. Scenario : The market is getting close to the first resistance line at 1.2826 where a battle between the Bears and Bulls will happen and the outcome will probably be in favor of the Bulls. if the price breakout that line then the trend will go on and that which give us a good confirmation that the movement will be headed to the 1.3002 level soon. Technical indicators show : 1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish sign) 2) The RSI is at 63.07 showing Great strength in the market, No divergences were found between the market and the indicator 3) The ADX is at 18.45 showing that the market is gaining more strength but it didn't reach the trending phase yet. A positive crossover is happening between DI+ (28.32) and DI- (14.76) Daily Support and Resistance : support Resistance 1) 1.2759 1) 1.2777 2) 1.2751 2) 1.2787 3) 1.2741 3) 1.2795 Weekly Support and Resistance : support Resistance 1) 1.2651 1) 1.2826 2) 1.2537 2) 1.2887 3) 1.2475 3) 1.3002 Fundamental point of view : The USD/CAD returned to its best level in a month as markets anticipate the Federal Reserve will confirm that a bond taper is planned this year and the close Canadian election is not expected to produce any major policy shift, whatever its political result. That promise of higher US interest rates has been the main support for the US dollar over the past month. Canadian inflation was slightly higher in August than expected though the Bank of Canada core rate was a bit lower than forecast, though it increased over July. In the US, the Consumer Price Index for August showed the first indication that price increases may be slackening. Retail Sales in August rebounded smartly from their decline the month before. Polls for Canada’s federal election on Monday between Prime Minister Justin Trudeau’s Liberals and the Conservatives of Erin O’Toole show neither party winning an outright majority in the 338-seat parliament. According to FXstreet This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
Long
by GabiDahduh
USDCAD | Perspective for the new weekMy last speculation saw the price move over 150pips in our direction before the bulls took over ( see link below for reference purposes). Since breaking above the $1.25000 level in July 2021, I am labelling this level to be a very strong demand zone for the Greenback considering that the obvious that it has held price "supported' in the last couple of months. Since the value of the Loonie is directly connected to the oil situation. It is important to take into consideration that oil inventories are currently down from what they used to be prior to the Covid-19 pandemic. Coupled with the Hurricane Ida situation, there is more supply than demand which could have a negative impact on the Loonie in the coming week(s). Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline Observation: i. Since hitting a peak @ $1.29500 on the 20th of August 2021, the price of USD have tumbled drastically and it is finally at our Demand zone. ii. The visual representation of a line drawn under pivot lows reveals the prevailing direction of price since June 2021. However, a sudden Breakdown of this Trendline (whatever way you draw your line) during last week trading session cast some doubt on the Bullish tendency on this pair. iii. At this juncture it is indeed appropriate that we remain patient and observe how price reacts to the Major Demand zone @ $1.25000/1.24200 area for confirmations. iv. To support my Bullish expectation on this pair, I shall be looking for rejections or engulfing candles off of the Key level @ $1.25000 (above key level - safe haven) in the coming week(s). v. Should price drop below Key level, then this will make the Breakdown of Bullish Trendline valid. Hence, a retest shall give me no choice but to switch bias in support of the Bears... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 250 pips. Risk/Reward : 1:4 Potential Duration: 3 to 7days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
Lets finish the day with another USDCAD trade 👊🤩This pair is not done for the day yet! Only shared the last long trade only few hours back, go check my profile for that idea. Now it's time for another long and this strategy is looking to go five out five trades hitting TP. Trade details are shown on the chart along with the previous four trades. Three out four of those trades were shared as ideas too. Come on guys surely that deserves some love. We are working the 30M time frame on this strategy. We're looking for the green line which is take profit target. Little blue arrow is entry point and purple line is stop loss. Trade history can be seen at the foot of this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Long
by pow_removetheguesswork
USDCAD LongAs we can saw, USDCAD declined on Friday following the Fed Chair speech. Support is seen near the 200-day moving average at 1.2545. We expecting the pair to re-test the support level 1.25533 or the major support level 1.264956 before a bullish continuation. We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 146,26 How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960) So, each time I open (1 Lot size, am exposing R2960 (Down payment) Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Please like and share for more useful content:
Long
by Pro-Trading-Africa
LONG USDCADLONG USDCAD @ 1.2595 TP @ 1.28 SL @ 1.25 USDCAD testing the upward trend line and fibbo support around 1.2588. I have therefore bought some around that lvl as I expect it to rip from here. We have the Jackson Hole meeting on Friday where I feel that the it will either be neutral or bullish for the USD. I don't expect a dovish meeting. So therefore its best to go into this scenario with a bit of risk so that if USD rallies, we are already in the trade however if its neutral, we have some more time to re think and assess what we want to do. This trade offers over 2:1 R/R Good luck!
Long
by WhosPipsAreTheseAnyway
1