Usdcadlong
USDCAD: Where can we align to the main trend?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.
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USDCAD to see a lower correction.USDCAD - Intraday - We look to Buy at 1.3620 (stop at 1.3560)
Previous support located at 1.3620.
Previous resistance located at 1.3700.
A lower correction is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.3700 will confirm the bullish momentum.
Our profit targets will be 1.3740 and 1.3750
Resistance: 1.3700 / 1.3740 / 1.3750
Support: 1.3620 / 1.3600 / 1.3575
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.
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USDCAD - Daily Trade Idea - 27-Sep-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 - Monthly Time Frame View#USDCAD - Monthly Time Frame View - (Bullish Structure)
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
USDCAD - 1 MONTH TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
usdcad ready to fly wait for retestusdcad ready to fly wait for retest the demand zone we are looking bullish from the demand zone.are you ready to for flying
USDCAD - Daily Trade Idea - 26-Sep-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 | NEAR RESISTANCEUSDCAD | NEAR RESISTANCE
USDCAD has been in a bullish trend by printing higher highs and higher lows.
Currently, the price is trading near resistance which is forming a double top as well.
A break of rising support will confirm the bearish trend.
Trade your levels accordingly.
USDCAD - Daily Trade Idea - 23-Sep-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:Dollar too strong!USDCAD
Intraday - We look to Buy at 1.3410 (stop at 1.3350)
Previous support located at 1.3500. Previous resistance located at 1.3530. Further upside is expected. Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 1.3530 and 1.3550
Resistance: 1.3530 / 1.3550 / 1.3600
Support: 1.3500 / 1.3450 / 1.3410
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
USDCAD - Daily Trade Idea - 22-Sep-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 top-down analysisHello 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 Idea H1Here is my view for USDCAD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USDCAD sell then buyThis is for my own tracking of my technical analysis.
Enter the trade with caution and confirmation !
USD/CAD :: Multiple buy signals !USD/CAD :::
Blue Channel :: It has been drawn in a higher time frame and is growing.
Orange channel :: It is drawn with 4H time frame and it is also rising.
It is growing in two ascending channels and has broken two strong resistances, so it is a good signal to buy.
<<< Good luck >>>
LONG ON USD/CADPrice has broken the resistance area of a major channel.
Price has found new support above the channel and is currently rising.
Here is the play I will be taking on this trade:
Entry - 1.33358
SL - 1.32874
TP - 1.34995
USDCAD top-down analysisHello traders, this is complete multiple timeframe analysis of this pair. We see could find significant trading opportunity 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 Idea H1Here is my view for USDCAD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USDCAD | A BEARISH REVERSAL?USDCAD | BEARISH REVERSAL
USDCAD has formed a short term top at 1.33084 where daily closing gives a rejection candle indicating a bearish reversal sign.
On the shorter timeframe, the USDCAD has shown multiple bearish sign which gives weight for further downside atleast for short term (if not reversal)
1. Formation on Head and Shoulder Pattern
Head n Shoulder is a reversal pattern and is more effective when formed near top resistance after a bullish rally. In our case, we have seen good bullish rally in USDCAD then testing the top and failed to break above it. Since the formation is on lower timeframe the pair can move short term in downward direction.
2. Break of Key Support Trendline.
USDCAD has been respecting the key level of rising support trendline where every time price moves in the direction of trendline, bulls give respect to it and raise the price from there. But recently we have seen a clean break below from trendline indicating the bulls are exhausted and might remain absent from the scene atleast for the shorter term.
3. Appearance of Bearish Divergence on Key Resistance
Divergence has always been a key indicator in catching the bullish/bearish reversal specially after forming on top. This time the divergence has appear on RSI where price is making higher high and indicator is making lower high; a sign of bulls tiredness. We may see a fall once the highlighted support is broken
TRADE PLAN:
One can adopt sell on strength strategy with just 50 pips stoploss from the current level.
First Target is 70 pips below the current level while one can play for further downside if bulls remain absent from the scene.
Let us know what do you think of the idea in comment sections.
USDCAD Long H4Market Structure: Uptrend
Area of Value: Bounce on trend line(ema50)
Entry: Bullish candle after trend line
Exit if Right: Tranches in TF
Exit if Wrong: Below previous swing low. Invalidation of trend
RRR: 1:2
Note: This is backed by fundamentals of a weak CAD due to employment change
USDCAD LONG H4Market Structure: Uptrend Market
Area of Value: Break of Resistance
Entry: Bullish candle after resistance
Exit if Right: 2 Tranches in TF
Exit if Wrong: Below previous swing low. Break of structure
RRR: 1:2
USDCAD - Daily Trade Idea - 16-Sep-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.
