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Usdcadlong

USDCAD - AnalysisUSDCAD MN - ABC structure is visible, from which growth can continue to the level of 1.46678 W1 - The price has broken through the level of 1.36627, now we can expect a correction to 1.33952 After this level, both a downward movement and continued growth may develop. What can you expect now? Correction to 1.33952, then a clear formation will appear. Continued decline may reach 1.27837 With growth it may reach 1.43437 Long Targets 1.36627 - 1.40189 - 1.43437 Long-term perspective – goals 1.40189 - 1.43437 - 1.46678 Short Targets 1.33952 - 1.30918 - 1.27837 Medium term - goals 1.30918 - 1.27837 - 1.24507
by Trade_Hive_Signals
2
USDCAD A DECISIVE DECISION hello traders , it seems like usdcad has a very important decision to make either Break the bearish trendline and go up to the key support that i indicated or Reject from it and drop back to the bullish trendline for the buyers to regain some strenght the break out may be influenced by the fundamentals coming later this week to determine the fate of the dollar and the fate of the pair. this is just my humble opinion but yeah follow me its free i post to you amazing setups and updates every week.
by xAB777
USDCAD - Short after taking the liquidity ✅Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I see price to reject from bearish order block + institutional big figure 1.37000, after taking buyside liquidity. Fundamental analysis: On Friday will be released Unemployment Rate on CAD. Pay attention to the result in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
UsdCad- Break above resistance next?After the low from mid-July, UsdCad has started to reverse and after the small correction from last week, last Friday was also marked by an immense Bullish Engulfing from short-term support which led the pair into the resistance zone again. The structure from the low is strongly bullish and I believe this resistance will fall sooner rather than later. I'm very bullish UsdCad as long as 1.35 is intact and a break above the 1.3650 zone could lead to acceleration to the upside and expose the 1.3850 zone. In conclusion, my strategy is to buy dips under 1.36 in search of a good risk: reward considering the levels that I mentioned.
Long
by Mihai_Iacob
2
USDCAD Long Term selling Trading IdeaHello Traders In This Chart USDCAD HOURLY Forex Forecast By FOREX PLANET today USDCAD analysis 👆 🟢This Chart includes_ (USDCAD market update) 🟢What is The Next Opportunity on USDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
USD/CAD Prediction on 25.08.2023The USD/CAD currency pair, colloquially referred to as the "Loonie," represents the exchange rate between the U.S. Dollar (USD) and the Canadian Dollar (CAD). A bullish stance on USD/CAD essentially suggests an expectation that the U.S. Dollar will strengthen against the Canadian Dollar. Here are some factors that could justify a buy position on USD/CAD: Diverging Economic Growth: If the U.S. economy is expected to grow at a faster pace than the Canadian economy, it might result in upward pressure on the USD against the CAD. Economic indicators such as GDP growth, employment rates, and consumer spending can shed light on the health of both economies. Interest Rate Differentials: Central bank policies play a vital role in determining currency values. If the U.S. Federal Reserve is poised to raise interest rates or has recently done so, while the Bank of Canada remains dovish, it could attract more investment to the U.S., boosting demand for the USD. Oil Prices: Canada is a significant exporter of oil. A decline in global oil prices can adversely affect the Canadian economy and thereby weaken the CAD. Conversely, if U.S. oil production remains robust or even expands, it could strengthen the USD, providing a double boost to the USD/CAD. Trade Relations and Policies: The U.S. and Canada share extensive trade relations. Any changes in trade policies, tariffs, or negotiations can influence the USD/CAD pair. For instance, a favorable trade deal for the U.S. might provide a boost to the USD. Political Stability: Political events, uncertainties, or policy changes in either country can have short-term impacts on the currency pair. A stable political environment in the U.S. compared to uncertainty in Canada could tilt the balance in favor of the USD. Technical Analysis: Sometimes, the decision to buy isn't based on fundamental factors alone. Technical indicators might show that the USD/CAD is poised for an upward movement, possibly suggesting it's undervalued and due for a correction. Global Economic Climate: Global events, such as geopolitical tensions, global recessions, or pandemics, can influence the USD/CAD pair, especially if they impact the U.S. and Canada differently. For instance, if global investors seek safe-haven assets, the U.S. dollar, being the world's primary reserve currency, might benefit.
Long
by mazayafx
USDCAD Long Term BUYING Trading IdeaHello Traders In This Chart USDCAD HOURLY Forex Forecast By FOREX PLANET today USDCAD analysis 👆 🟢This Chart includes_ (USDCAD market update) 🟢What is The Next Opportunity on USDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20