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Usdcadlong

USD/CAD is heading to 1.34Hello Traders USD/CAD has sharp moves in the last few days. We assume its an upward correction, so we treat it carefully. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Long
by FortunaInvestments
USDCAD selloff to stall at current levels?USDCAD - 24h expiry Price action has stalled at good support levels and currently trades just above here (1.3150). We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. Short term RSI has turned positive. A move through 1.3200 will confirm the bullish momentum. We look to Buy at 1.3150 (stop at 1.3110) Our profit targets will be 1.3250 and 1.3275 Resistance: 1.3200 / 1.3250 / 1.3275 Support: 1.3150 / 1.3125 / 1.3100 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
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by OANDA
Usdcad Ready For a Bullish RunMy usdcad bullish view FOREXCOM:USDCAD Weekly: Usdcad is bouncing off weekly order block with old high above serving as a draw on liquidity. 4HR: Price took out sellside liquidity and created a shift in market structure leaving behind a clear order block and fair value gap. Above price, we have multiple buyside liquidity and fair value gap which serve as a draw on liquidity for price. I expect price to fill the fair value gaps above and take out the buyside liquidity. Entry: I will set my buy limit order at around 1.31662 ote level. Stop loss: My stop loss will be place around 1.31128 zone below the swing low. Take profits: My final take profits will be at 1.36516. But I will take partials along the way as price take out each of those swing highs on the way. Do follow me for more updates like this.
Long
by Elijahenoch7
USD/CAD: Short Term "Buy the Dip" strategy!From a technical point of view,, the FX:USDCAD pair is bearish in short term, but at the same time, we think a corrective structure "must" be triggered. With this in mind, the strategy is simple: "Buy the Dip" on the intraday chart (1H time frame). On chart I have shown some potential targets that could be reached, but to understand which of these to look at, we need to follow the swing that will form (3 or 5 waves), so it will be necessary to follow and update this analysis (levels) along the way. Trade with care! Like 🚀 if my analysis is useful. Cheers!
Long
by TheAnonymousBanker
13
USD/CAD Prediction on 06.07.2023The current market conditions indicate that the USD/CAD pair continues to exhibit a bullish trend. The US dollar has been demonstrating strength against the Canadian dollar, leading to an upward trajectory in the exchange rate. Several factors contribute to this bullish sentiment. Firstly, the US economy has shown resilience and robustness, bolstering the appeal of the US dollar as a safe haven currency. Strong economic indicators, such as GDP growth, employment figures, and consumer confidence, have fueled investor confidence in the US dollar's stability. Secondly, geopolitical factors have also played a role in the bullish outlook for USD/CAD. Global events, such as trade tensions, political uncertainties, or geopolitical conflicts, have a significant impact on currency pairs. As traders seek refuge in safer currencies like the US dollar, it often leads to an increase in its value relative to other currencies, including the Canadian dollar. Additionally, monetary policy divergence between the US Federal Reserve and the Bank of Canada has influenced the bullish sentiment. The Federal Reserve's monetary tightening measures, including interest rate hikes or tapering of quantitative easing, can attract foreign investments, driving up demand for the US dollar. Meanwhile, the Bank of Canada may adopt a more dovish stance, keeping interest rates lower to support economic recovery, which can put downward pressure on the Canadian dollar. However, it is important to note that the foreign exchange market is dynamic and subject to various factors that can influence currency movements. Therefore, it is crucial for traders and investors to continuously monitor market conditions, economic indicators, and geopolitical developments to make informed decisions regarding the USD/CAD pair
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by mazayafx
USD/CAD Prediction on 03.07.2023The USD/CAD pair continues to show strong bullish momentum as we progress further into the third quarter of 2023. This can be attributed to several factors, both domestic and international, influencing the strength of the US dollar against the Canadian dollar. One key factor contributing to the dollar's bullish strength is the robust economic recovery witnessed in the United States. Growth has been driven by strong consumer spending and solid improvements in the job market. Additionally, the Federal Reserve's stance on monetary policy, which seems to have taken a more hawkish turn in recent months, is supporting the US dollar. The hint of potential rate hikes on the horizon has fueled bullish sentiment among forex traders. Meanwhile, the Canadian economy is experiencing headwinds due to various factors. One of the main concerns is the softening in commodity prices, particularly oil, which is a crucial part of the Canadian export structure. Additionally, uncertain trade environments and the ongoing effects of climate-related disruptions have put some pressure on the CAD. The technical analysis also provides supportive evidence of this bullish trend. The USD/CAD exchange rate has been forming a series of higher highs and higher lows, indicating a strong upward trend. Moreover, key technical indicators such as the Moving Averages and the Relative Strength Index (RSI) continue to reinforce the bullish bias. In conclusion, while it's always essential to monitor the markets closely and consider various potential outcomes, the current analysis indicates that USD/CAD remains in a bullish phase. Traders and investors might see potential opportunities in this currency pair, assuming the fundamentals and technical indicators remain supportive. As always, cautious risk management strategies should be employed in any trading situation.
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by mazayafx
USDCAD Daily Long Term Buying IdeaHello Traders In This Chart USDCAD DAILY Forex Forecast By FOREX PLANET today USDJPYD 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
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by ForexPlanet20