USDCAD - Short IdeaThe USDCAD pair has overbought conditions and Canadian dollar gains strength on strong crude oil prices, which indicates a potential downside move for USDCAD.
Usdcadidea
USDCAD 23/01 Pair : USDCAD ( U.S Dollar / Canadian Dollar )
Description :
Completed " 12345 " Impulsive Waves and " A - 1234 " Impulsive Waves. Falling Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement. Break of Structure and Retracement.
USDCAD H4 / PERFECT HIT OF THE OB / SHORT TRADE ACTIVE ✅Hello Traders!
This is my idea related to USDCAD H4. I see a small accumulation at the moment, I expect a bearish move taking into consideration this accumulation in the area of the OB.
The target is before the FVG.
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USDCAD Trade IdeaThe USDCAD has reached a pivotal juncture,reaching into a critical resistance level. While the larger trend remains firmly bullish, I anticipate a temporary pullback before seeking an optimal entry point.
1D Balance Area: As you can see on the attached chart, price has formed a significant balance area on the daily timeframe at the accumulation phase. A Fibonacci retracement drawn from the low to the high reveals a confluence zone around the 61.8% level potentially offering a high-probability entry point for opportunistic longs. Note: This analysis is for educational purposes only, and I'm not dispensing financial advice. Always conduct your own due diligence before making any trading decisions.
USDCAD: New Year 2024, New Outlook! Merry Christmas Everyone,
Dear Traders,
This week we waited USD to reverse and show some strong bullish momentum though it did not, however, this week we may see some bullish price movement. It is advisable that we may see uncertain price action due to low liquidity and low volume which is result of holidays worldwide.
Good Luck and Trade Safe.
USDCAD Looking BullishIn the existing downtrend of the USDCAD currency pair, there is a distinct possibility that the exchange rate may approach and test the support level at 1.31142, unless there is a significant breakthrough in market dynamics. The technical analysis of the market structure points towards a potential pullback, implying a temporary reversal in the prevailing downward movement.
This setup could be viewed as an opportunity for traders to consider initiating buy positions. Buying at the support level involves anticipating a rebound or a corrective move in the exchange rate. Traders often look for confirmation signals, such as candlestick patterns or other technical indicators, to strengthen the rationale for entering a trade.
It's important to note that trading decisions should be made based on a comprehensive analysis of various factors, including technical, fundamental, and market sentiment indicators. Additionally, risk management strategies should be employed to mitigate potential losses in case the market does not behave as anticipated.
USDCAD possible buy after falsebreakdwon!The USDCAD trend remains downward, presenting a chance to test the 1.31142 support level unless a breakthrough occurs. The technical structure suggests a potential pullback, so contemplate purchasing in on Support
In the ongoing downtrend of USDCAD, there's a likelihood of testing the 1.31142 support level if no breakthrough occurs. The technical setup indicates the potential for a pullback, making it worth considering buying .
#USDCAD= Beginning of the big trade! FX:USDCAD possible downtrend to continue towards 1.3200, as price have shown significant bearish pressure in last few days of the week. while dxy remain bearish cad has gained vast majority of bullish interest and it is likely that this is just beginning of downfall for USDCAD.
Good Luck
USDCAD Short Term Sell IdeaH4 - Strong bearish momentum.
Lower lows.
No opposite signs.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
USDCAD Analysis H1Here is my analysis for USDCAD on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USDCAD Technical Analysis And Trade Idea Recently, the USDCAD has demonstrated a strong downward trend, touching a significant support level on both daily and weekly charts. In the accompanying video, a detailed examination of this trend is presented, carefully analysing price movements and identifying possible trading opportunities through a thorough analysis across multiple timeframes, ranging from weekly to as short as 15 minutes. Anticipate a comprehensive review covering price variations, market trends, trend evaluations, and crucial technical analysis components. It's crucial to emphasize that the information shared here is purely for educational purposes and should not be considered as financial advice.
USDCAD 08/12Pair : USDCAD ( U.S Dollar / Canadian Dollar )
Description :
Bearish Channel as an Corrective Pattern in Long Time Frame and Bullish Channel as an Corrective Pattern in Short Time Frame. Completed " 1234 " Impulsive at Daily Demand Zone and Rejection from Fibonacci Level - 61.80%
Entry Precautions :
Wait until it Reject or Complete its Retest
Comment on the main exchange rate pair: USD/CADUSD/CAD still maintains a downtrend after the decision of the Bank of Canada
USD/CAD has remained in a downtrend since Wednesday after the BoC voted to keep interest rates unchanged at 5.0%. However, the BoC still leaves open the possibility of raising interest rates even though the economy has weakened somewhat.
From a technical perspective, USD/CAD fell below the 100-day MA after failing to overcome trend resistance at 1.3600. If bearish momentum continues to increase in the coming days, support lies at 1.3515 to 1.3485, coinciding with the 200 SMA and December lows.
In case the price reverses to the upside, the first resistance lies at 1.3600. A break above this resistance could take the pair back towards 1.3630, beyond that to the 50-day SMA at 1.3700.
7 Dimension Analysis For USDCAD🕛 TOPDOWN - Anticipating a Bullish Breakout in a Super Consolidation Phase
Overview: The market has been in a super consolidation phase from 2016 to 2023, forming a yearly flag, signaling a potential continuation. Monthly and weekly scenarios reveal a ranging market, seemingly dull, but with indications of a change. The Wyckoff spring on the weekly chart signals a shift from a downtrend to a pre-breakout buildup, suggesting upcoming momentum and volatility.
😇 7 Dimension Analysis
Time Frame: Daily
1️⃣ Swing Structure: Bullish to sideways
🟢 Structure Behavior: Break of Structure (BoS)
🟢 Swing Move: Impulsive sideways buildup
🟢 Inducement: Done, inside low confirmed.
🟢 Pull Back 1st: Strong, with the mitigation of the 1st Order Block (OB), a robust bull signal.
🟢 Internal Structure: Sideways bullish. Confluence across daily, weekly, monthly, yearly time frames.
🟢 Support/Demand Area: An imminent buy area. Trendline marked for a bullish breakout.
2️⃣ Pattern
🟢 CHART PATTERNS
Reversal: Potential rounding patterns; internal round may form at the support level of 1.3520.
🟢 CANDLE PATTERNS
Key Considerations:
Observing candle behavior at the forthcoming support area.
3️⃣ Volume: At 1.3572, significant buy volume, marking a potent Point of Interest (POI) for bullish entry.
4️⃣ Momentum RSI:
🟢 Momentum State: Sideways zone.
🟢 Range Shift: Bullish to sideways.
🟢 Overbought Rejections: Count of 2.
5️⃣ Volatility Bollinger Bands:
🟢 Middle band below the price, a preferable position.
🟢 Commencement of a squeeze.
🟢 Completion of a head fake, indicating potential bullish movement.
🟢 Puncher pin at the lower band, a bullish signal.
6️⃣ Strength: USD is stronger than CAD at this point.
✔️ Entry Time Frame: Daily
✅ Entry TF Structure: Bullish
☑️ Current Move: Corrective move is done, and a churn in H1 (Hourly) suggests potential momentum.
✔ Support/Resistance Base: Daily demand area.
☑️ Candles Behavior: RSC, Long wicks, Doji, Momentum.
☑️ FIB Trigger Event: Confirmed.
☑️ Final Comments: Buy Now.
💡 Decision: BUY.
🚀 Entry: 1.3620
✋ Stop Loss: 1.3540
🎯 Take Profit: 1.4049
2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO.
😊 Risk to Reward Ratio: 1:5
🕛 Expected Duration: 30 DAYS
SUMMARY: The analysis strongly suggests a bullish breakout in a market transitioning from super consolidation. With confluence across various time frames and supportive indicators like the Wyckoff spring, there's a comprehensive bullish bias. Key focus areas include a significant demand zone, observable candle behavior, and the completion of a head fake in the Bollinger Bands. The strategy involves a confident buy entry with clear risk management and exit criteria.
USDCAD Idea H1Here is my analysis for USDCAD on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USD/CAD Giving Amazing Bearish P.A , 2 Short Setups Valid !This 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.
USDCADPair : USDCAD ( U.S Dollar / Canadian Dollar )
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Completed the Retracement at Fibonacci Level - 78.60%. Completed Impulsive Waves " 12345 " and " AB " Corrective Wave
Entry Precautions :
Don't Enter Until it complete Correction
USDCAD - Looking To Sell Pullbacks In The Short TermH4 - Bearish convergence.
Currently it looks like a pullback is happening.
Bearish hidden divergence.
H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Bearish divergence.
Until the two strong resistance zones hold my short term view remains bearish here.
USDCAD 27/10 Pair : USDCAD ( U.S Dollar / Canadian Dollar )
Description :
Completed " 12345 " Impulsive Waves at Daily Resistance Level. Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from the Upper Trend Line. We have CHoCH and Divergence in RSI
Entry Precaution :
Wait for the Proper Rejection or Breakout
USDCAD SellI am sold it because on D1 time frame market made HH but the confirmation of sell I got on H4 time frame. Hope we will make handsome profit on it. This trade may be long term trade to hit TAKE PROFIT 3.
USDCAD BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity USDCAD
I still did my best and this is the most likely count for me at the moment.
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USDCAD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 Analysis H1Here is my analysis for USDCAD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
