USD/CAD likely to move up ahead CPI!Hey tradomaniacs,
USD/CAD is re-testing a strong support-zone showing that buyers (sellers in Futures CAD/USD) are imcoming to support the trend.
Technically we have a great chance here to follow the trend with a tighter stop-loss.
Overall risky to trade ahead the CPI-Data as inflation is the only thing the market cares about in order to predict rate-hikes by the FED.
Choppy market.. but good chance here I guess.
What do you think?
Usdcadlong
USDCAD - Daily Trade Idea - 11-Oct-22USDCAD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
USDCAD - Daily Trade Idea - 10-Oct-22USDCAD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
USDCAD - RISK COMES FIRST! UPDATEAs always make sure stops are at break even if you took buy trades, price is in an area of 2 key levels as highlighted and can do anything from here... (create a right shoulder for a short) or ( continue long term continuation to the upside). I believe price will be slow and will be waiting for a reaction to the fundamentals before giving a clear direction!
USDCAD - Daily Trade Idea - 7-Oct-22USDCAD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
USDCAD - READY FOR PRICE TO EXPLODE!!Looking for price to make a continuation hopefully off the back of some USD strength, as I've covered fundamentals can change things very quick but if you can get a position before anything affects the market you can give yourself the opportunity to catch huge moves! Trade smart and keep on top of your risk management! good luck
USDCAD: Buy dips!USDCAD
Intraday - We look to Buy at 1.3475 (stop at 1.3415)
Previous support located at 1.3550. Previous resistance located at 1.3600. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 1.3595 and 1.3600
Resistance: 1.3600 / 1.3650 / 1.3700
Support: 1.3550 / 1.3500 / 1.3475
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USDCAD - Daily Trade Idea - 6-Oct-22USDCAD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
USDCAD H4: Bearish outlook seen, further downside below 1.36000On the H4 time frame, prices are approaching the support zone at 1.3600 which coincides with the 23.6% Fibonacci retracement and graphical swing low. A break and close below this support zone would provide the bearish acceleration for a further drop to the next support zone at 1.3220. The 1.3220 support zone is in line with the Fibonacci confluence levels and the resistance-turned-support level. Stochastic is testing resistance and showing bearish divergence as well, highlighted in red, signalling a potential change in momentum.
USDCAD Long to 1.40Hey traders!
Here's another opportunity that we're looking at.
USD and CAD has been known to be closely tied together especially in terms of its central banks.
However, with Canadian inflation softening, BoC might be looking to slow down on its tightening.
With this said, we're looking to long USDCAD based on terminal rate differential and in the back of broad USD strength.
USDCAD, last long before reversal?Hi Traders,
This is my view for this week on:
- USDCAD
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me your point of view.
Pit
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
USDCAD - Daily Trade Idea - 3-Oct-22USDCAD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
USDCAD to see a dip?USDCAD - Intraday - We look to Buy at 1.3575 (stop at 1.3515)
Previous support located at 1.3600.
Previous resistance located at 1.3695.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.3650 will confirm the bullish momentum.
Our profit targets will be 1.3695 and 1.3700
Resistance: 1.3695 / 1.3700 / 1.3750
Support: 1.3600 / 1.3575 / 1.3550
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USDCAD LongThe price has been a bullish trend for the last few days, reached 1.38 then bounced back, testing the zone again and bouncing back, and now it is testing the zone for the third time. This has resulted in forming a cup and handle formation which might be an indicator that the price might continue with the bullish momentum.
This will only happen if the price breaks out of the resistance zone. According to the client sentiment, around 70% of traders expect bearish momentum thus I expect the price to move opposite their expectations.
I am anticipating the price will break out of the zone, then retest it so that we place our trade @ 1.38
My target is 1.40, Sl @ 1.373 and entry @ 1.38
The R: R is 1: 2.7
Remember, risk 1 - 2% of your account.