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Usdcadforecast

USD/CAD looking for a short again | it will drop most probably USD/CAD was on watch for weeks and then we caught a heavy portion of the move down Folks it's time to catch it again On the daily Time Frame: We have our 1-2-3 ascending structure where we never broke any significant low. Now we've come back for the mini double-top within the pattern and we'll be looking to take this position all the way down again. On the 4H Time Frame: We did have a bit of an impulsive move to the upside, Market already show rejection Note: Either we do get the flag in 4h charts, in which case this will be ready for London session Monday and you'll be able to take a risk entry or a reduced risk entry. There's a good chance that it rejects and comes back up with a structure again. Keep Following Folks for more updates if you want to join our community DM. Thanks.
Short
by IndicesHustler
2
USDCAD: Dollar prevails above all!USDCAD Intraday - We look to Buy at 1.2900 (stop at 1.2840) Previous support located at 1.2900. Previous resistance located at 1.2950. Risk/Reward would be poor to call a buy from current levels. A move through 1.3000 will confirm the bullish momentum. Our profit targets will be 1.3050 and 1.3100 Resistance: 1.3000 / 1.3050 / 1.3100 Support: 1.2900 / 1.2850 / 1.2800 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Long
by VantageMarkets
USD/CAD Short Trade UpdateHey Guys! The Usd/cad's weekly bias was short. Or in other words, price was likely to reach 1.2400 before reaching 1.3075. However, there was lower confirmation last week that changed the weekly bias into long. In other words, price was now likely to reach 1.3075 before reaching 1.2400. So I was waiting for lower confirmation of yet again strong short strength to confirm a weekly short bias, however, it never formed thus I did not enter this set up. In this post I review the set up from start to finish. As well as what I'll be looking for in the coming weeks on this pair. That's it! I'll keep you guys updated! Ken Disclaimer: This is not Personal Financial Advice.
Short
by TradingForexPriceAction
1
USD/CAD rally has stopped at the previous top, time to fall?Dear traders, bolstered by the increased demand for US Dollars, USD/CAD has been in a strong rally for the past two weeks. However, a bearish candlestick has appeared in the 4Hour chart, and that too in the supply zone which makes it quite significant. If the bulls fail at this level, then we can see a strong decline in price towards 1.2750. So, I will be looking for bearish candlesticks in the resistance area and sell entry will be taken between 1.3040-1.3080 with SL above resistance and TP as indicated in the chart.
by KaltoireCapital
6
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS DXY currently stands at 103.100 LEVEL. The USD has been slightly WEAK since the MARKET RISK ON in the last few days. Also, at present the CAD FEATURE is at 0.7873 LEVEL. However, CAD is a bit WEAK compared to DXY. Due to this USDCAD is becoming BUY. This is because USD gets a POSITIVE SENTIMENT and USD gets a RATE HIKE SENTIMENT. - Currently the OVERALL MARKET is showing RISK OFF. STOCKS is currently RED showing a RISK OFF SENTIMENT. And the VOLATILITY is getting a bit UP. Also COMMODITIES show a DOWN SIDE BIAS today. Currently the MARKET has a RISK OFF SENTIMENT. Therefore, in the future, all NZD CAD AUD currencies may be slightly lower compared to JPY CHF and USD currencies. - USDCAD PRICE can be DOWN to 1.2587 LEVEL before re-UP. After that the USDCAD PRICE can be UP again to 1.2979 LEVEL. The USD is slightly stronger at this time due to the MARKET SENTIMENT. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD. DXY UP can be from FOMC UPDATES in the future. So stay tuned for that.
by benny_marshall
USDCAD: Rallies to be sold?!USDCAD Intraday - We look to Sell at 1.2630 (stop at 1.2690) Previous support located at 1.2500. Previous resistance located at 1.2600. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.2630, resulting in improved risk/reward. A move through 1.2540 will confirm the bearish momentum. Our profit targets will be 1.2500 and 1.2475 Resistance: 1.2600 / 1.2630 / 1.2650 Support: 1.2500 / 1.2475 / 1.2450 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets