Usdcadidea
USDCAD STILL HOLDING SHORTS UPDATE!Firstly I apologies for my voice I'm currently trying not to lose it LOL, anyway I've still got my short trade open but moving stops to breakeven, we seen price get a bit choppy Friday and I do expect weakness from the dollar... so a sell off or push down on USDCAD I feel is coming, the hard part is getting the best position with the lest risk. Ill monitor price at the start of the week and if I get stopped at break even I will start to map out next short areas.
USDCAD is likely to breakdown!!Hello traders, USDCAD has tested the long-term trend line as resistance and rejected to the downside. This weekly price has opened with a gap and it is highly likely that this instrument may break to the downside.
UsdCad- Great R:R medium term tradeUndoubtedly, since mid-March, CAD has dominated the market, and with USD has strengthened more than 2500 pips, reaching a local low at 1.2 at the end of May.
A first leg of correction has followed and a new drop after this.
However, this new drop has found bids in 1.23 zone and we have 2 Doji candles on our weekly chart that can signal a higher low is in place.
I expect a new leg up from UsdCad and the price could reach and test 1.3 resistance.
Such trade can have a 1:5 risk to reward ratio and is negated with a daily close under the last recent low
USDCAD is more likely to continue declining and here is whyAfter breaking the support which is now resistance at around 1.24417, bears didn't seem to give up the game.
🔍 Technical expectations:
🔹Probability is high that bears will defend the 1.24417 level which is now acting as resistance.
🔹USDCAD will continue declining, first targeting the 1.22566 level and later down to 1.20576
🔹The decline in USDCAD can also be driven by USD which I expect to get weaker.
❗️Take note: Do not take my idea as a general advice or signal and act upon it without your own analysis. I encourage you to follow me that when I post new updates you get informed of this.
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Many wishes and trade smart!
USDCAD SELL ideaUSDCAD has been making higher lows in the recent week, however I've noticed it has been trading in a consolidation
There are 2 entries here where the aggressive one is based on these confluences:
Retest of Trendline
Test of 61.8% Fib
Higher Low Created
Bullish Engulfing/Momentum Candle
Conservative entry would be on a break and retest of the consolidation box
USDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
#USDCAD SELL OPPORTUNITY LONG TERMIf price fail to come higher than 1H EMA and also rejected from this area which is our static Resistance zone and manage to come lower than 1.26268 means short term bullish corrective move has ended and price can start another drop to 1.25630 and after that because of higher time frame bearish move can also see lower prices.
price at the moment is sitting on 1H & 4H EMA and also we can see bearish divergence which all suggest its a good area for looking to short this pair.
But we should remember if price goes higher than 1.26555 this analysis has failed and our short term trend has confirmed to be bullish.
usdcad 05.10.21usdcad last weeks candle was sort of a rejection candle but closed bearish. if price can stay below our level of invalidation we should see price keep falling. yesterdays daily candle paved the way for the bearish move and todays asian session retested the break from yesterday and if price can hold the rejection, we should see price reach our target
USDCAD SELLContinuation sell trade from break and retest of trend line
Wait on a break and retest of level 1.26500 to enter short towards level 1.25000.
Wait for a good bearish confirmation before entering.
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
USDCAD TrendThe loonie-dollar pair had risen to its highest level in a month the day before, as the US dollar's safe-haven demand was bolstered by a broad risk-off mindset. Concerns about the upcoming federal elections in Canada, as well as low prices for Ontario's principal export, oil, ran parallel.
It should be mentioned that rumors that a senior US Senator, Joe Manchin, has pushed out President Joe Biden's $3.0 trillion stimulus negotiations to2022, combined with uncertainties about the debt limit increase, have added to the risk appetite's downside pressure. Janet Yellen, the US Treasury Secretary, has called for another extension of the limitations. Moving forward, early election results and risk catalysts are likely to remain the focus, but second-tier housing data from the United States may potentially entice USD/CAD traders.
USDCAD Falling IdeaUSDCAD price Falling to 1.2620 - 1.2600. It can take 24 hours and during this time we can have sales trades.
Please pay attention to the GBPUSD chart that I published on last Thursday.
usdcad 15.09.21from our previous usdcad has been in a bullish trend and price has already made a lower wick which created reversal peak formation. this could push price higher to give us a weekly wickfill, that's our target but price can also push higher than that since last week closed bullish.
price made a reversal peak formation, gave us an impulse, retraced, and made a railroad candlestick formation which has provided us with a low that price has retested and is rejecting from. if price can close above 1.2700 successfully, that can push price higher to our target
USDCAD IdeaCurrently it's in a consolidation between 1.270 and 1.260
So we can have a sell trade up to 1.2600 or 1.2620
USDCAD H1 TIMEFRAME ANALYSIS (BUY) We consider buying this USDCAD pair because of a strong support below. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
USDCAD short and simple forecastIf we use BB H4, we can see that price try to go higher, but loses momentum, and showed signs of change of trend. USDCAD might be going down after some retest on some key support & resistance level.
usdcad 07.09.21of course usdcad swing setup is still bearish, however for now we have a good counter-trend trade. price made a peak formation at the bottom with a w setup and retraced for the retest and confirmed the rejection with another w setup. if you have not entered yet, you can wait to aim for a retest however you can also wait for price to make a strong push and close above 1.25660. for there you can watch out for a retest or for some willing to take the risk might just enter there.
USDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USD/CAD Full Analysis And New Short Setup Here To Catch 200 PipsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
USDCAD DAILY TIMEFRAME ANALYSIS (BUY) We consider buying this USDCAD pair because of a strong support below. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
Signal USDCAD Week 01/9/2021Chart D1 Usdcad up trend
Chart H4 Harmonic Pattern
Entry 1.26123
SL: 1.2554
TP1: 1.2702
TP2: 1.2804
TP3:1.2900
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!
