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Usdcadforecast

USDCAD BUYIt’s a beautiful day, let’s take go good look at USDCAD this opportunity is so clear so basically we are looking to Buy on this analysis, clearly on the 1hour Time frame we have a trend line breakout and we are waiting for a retest confirmation or price retracement back to either 1.37789 which is our 1HR S:1 area or 1.37468 which is our 1HR S:2, and we are expecting price to hit our daily Resistance Zone which is the Tp 1.39771, so let’s wait patiently for price confirmation and also candlestick behavior to occur. Thanks guys drop a Comment on what you think about USDCAD or my Analysis
Long
by GoCrazyfx0
2
USDCAD Buy WASHINGTON: U.S. Treasury Secretary Janet Yellen on Sunday said she was working closely with banking regulators to respond to the collapse of Silicon Valley Bank and protect depositors, but a major bailout was not being considered. Yellen told the CBS News “Face the Nation” show that she had been working with regulators to “design appropriate policies to address the situation,” but declined to give further details. USDCAD h1 price is sideways in the 1.3760-1.3860 zone. Currently, the price is approaching the support area of ​​1.3760 and shows signs of turning up again. Recommended buy to current price 1.3765, SL: 1.3730, TP: 1.3830
Long
by VTmarkets
USDCAD LONGWe are currently looking for buying opportunities on USDCAD. This is because the pair has become bullish on multiple time frames. We also see a breakout of a daily time frame trendline. When we look left, we can see the pair has been largely bullish but in recent weeks and months we have seen a lot of correction and sideways movements. Could this be the trendline breakout that might send USDCAD higher? Only time will tell. We will be looking to enter this trade and hold the position for the next 3 to 4 weeks at 2% risk per trade.
Long
by NDOBObanks
1
USDCAD - LT/MT Idea!CAD - LT/MT Idea! We have a lot of dollar buying end of flows, end of month. We saw that in most of the majors shifting. What's really key to me is we are seeing US data take a hit US indices, it is time to take into consideration what could happen next with the FX majors. Here's a glimpse of what I think of CAD: This chart is based purely on Technical aspect. Currently we within the ranges - Highs: 1.37355 & Lows: 1.32485 A break of highs, we could be forming the pattern W / Break out of wedge/triangle formation Target areas: 1.38885 & 1.41290 A break of the lows, we break below 50EMA + break out of pattern takes us to 200 EMA + TL Target areas: 1.30270 & 1.27955 Take into consideration of other FX minor pairs such as CADCHF - Stuck within range, ready to break! There are great opportunities out there for us traders to take advantage, of. Trade Journal
by Trade_Journal
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD USDCAD is now quite BUY. The dollar started to strengthen slightly because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA. We think it will go up to the 1.4000 level before going down again. Also, with this MARKET RISK ON SENTIMENT, USDCAD PRICE can SELL to 1.3531 LEVEL in the future before BUY. FOLLOW THE STRUCTURE GIVEN.
by benny_marshall
USDCAD Trading Plan - 7/Mar/2023Hello Traders, Hope you all are doing good!! I expect USDCAD to go Down after finishing the correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Short
by For3xScalper
Battle of the Bankers: USD/CAD in FocusThe USD/CAD might be a popular pair to trade this week with the Bank of Canada (BoC) releasing its latest interest rate decision at the exact same time that US Federal Reserve Chairman begins the second day of his Semiannual Monetary Policy Report to Congress. These events coincide at 10am Wednesday (EST). The Bank of Canada is expected to maintain its interest rate at 4.50%. In its previous meeting, the Bank announced its eighth consecutive rate increase but also mentioned that it would take a break to observe the economy's response to higher borrowing costs. The Bank stated that it plans to keep the policy rate at its current level while assessing the effects of the cumulative rate hikes if economic developments align with the Monetary Policy Report outlook. However, this pause is subject to change, and the strong job numbers for January, which indicated the addition of 150,000 jobs, as well as resilient consumer spending could persuade the Bank to opt for a rate hike instead of a pause. If the BoC fails to surprise, it might be what it signals for its meeting next month that becomes the more interesting focal point on Wednesday. Jerome Powell, the US Federal Reserve Chair, is scheduled to testify before the Senate Banking Committee and House Financial Services Committee on Tuesday and Wednesday morning. During these hearings, he is expected to face tough questions regarding inflation and potential future interest rate increases. This will be Powell's initial testimony since the Republican Party gained control of the House. Furthermore, on Friday, the February US Non-Farm Payrolls report is predicted to reveal the creation of 200,000 jobs in the previous month. This marks a deceleration in job growth compared to January's surprising surge, which added 517,000 jobs to the economy in the first month of the year.
by BlackBull_Markets
USDCAD After the break of the triangle, we can now expect two targets in the ranges of 1.37496 and 1.38591. Before that, we must be careful that we have the range of 1.36995, the static resistance of the pattern, which must be broken. After that, it is very easy to reach the first target, but to reach the second target, we have 2 resistances based on the pivot points in the ranges of 1.37810 and 1.38185, which can be a reason to build a resistance range between the two harmonic targets. .
by maryammh
4