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Usdcadbuy

USD/CAD Buy OpportunityTechnical Overview: - USD/CAD DXY NFP last Friday was the juice needed to push price lower. We are bullish from a higher time frame perspective, so we only look for buy potential entries we do understand that smaller time frame suggests downside, this could be used as an opportunity to enter in when price is falling. Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
Long
by FlyDownX
3
USDCAD long / Bull continuation pushing to 1.30Hey again! We just took a long on USDCAD, right after the WTI short as per the related idea. We see good reasons for USDCAD to trend higher today, and perhaps even push to the 1.29715 price level which is listed as our next potential profit target on the 4H chart. (left) In regards to what we see, its simple, 4H chart: - Pirce is above the middle of the DC and currently finding support at the 61.8% fib, both of these are bull indications, while RSI 5 is pretty low. 10M chart: - Another test of the recent 30% zone fibs with a contraction / wedge leading to the fibs. (this is a strong bull indicator based on the primed system) Thats all! See you again soon!
Long
by PrimedGroup
3
USD/CAD BUY THE PULLBACKTechnical Overview: - USD/CAD While the the obvious trend is bearish, we are out here doing the opposite. Trading is all about your mental decisions, and our outlook changes our outcome. Since price had dropped, this created a huge discount for hedge funds to enter in on cheaper prices. We are bullish simply because price is oversold from a HTF. Smaller time frame suggests downside, this could be used as an opportunity to enter in when price is falling. Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
Long
by FlyDownX
6
USDCAD 30M👋 Hello and welcome traders ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 💡 Why should you follow our profile on TradingView? 1- Consistent chart updates 2- Clean charts 3- Short and long-term perspectives 4- Visually teaches you valuable lessons 5- High probability setups 6- Analysis on a wide range of major markets SMASH that follow button! 👍 💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research. Thank you for reading, Cheers to many pips! 🤝
Long
by med-aaris
1
USDCAD Post-FOMC/Oil ReportsThe Canadian Dollar had a really strong year against the US dollar correlating nicely with the DXY. After FOMC reports however, the Dollar continues to dig itself out of the hole it was in late 2020 and pairs with the dollar as the dominant, such as FX:USDCAD , have started to experience some upward momentum that I expect to continue for the next few days as North American Oil availability appears grim likely hiking the rate per barrel, ultimately pushing down the value of North and South American currencies (exception of the USD, I'll get to that). With this in mind, a safe entry is created on USDCAD as there is some relatively tight downside protection/cushion with this information in the market. The devaluation (dare I say inflation) of the US dollar is what makes this trade possible. If it wouldn't of been as prepared for the worse, prior to FOMC and bad oil news, the DXY would most likely have continued to see a downfall. However, the perfect storm of a declining stock market, "less economic scarring", and the decline in Bitcoin, maybe the Dollar has found its floor? Maybe not, but for the next month or two I will look to retain this bias.
Long
by crawfordpaul