The appropriate range for purchasing usdcadConsidering the specified area, a suitable short-term buying opportunity has been created. I have determined the buying range, stop loss, and profit target
Usdcadlong
USDCADPair : USDCAD ( U.S Dollar / Canadian Dollar )
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Falling Wedge as an Corrective Pattern in Short Time Frame
Support Level
USDCAD and EURUSD 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 BUYHi fellow traders, USDCAD will be ready to make a move higher from the blue box after it completes the correction. Target the 1.4168 level. Good luck and trade safe!
USDCADHi guys,
In this chart i Found a Demand Zone in USDCAD CHART for SHORT TERM entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
Hourly Chart Analysis (1H) USD/CADThe hourly chart for USDCAD shows a significant move as the market fills a wick, indicating a rejection of lower prices. The highlighted area indicates a potential support zone that could hold the price, suggesting a possible bounce upwards from this level. This support area aligns with previous resistance turned support, making it a crucial level to watch.
USDCAD LooongThis currency has been forming a bullish pennant, broke out and retested it. I do anticipate that it will continue with the bullish momentum.
My entry position is at 1.387, Sl at 1.3815 at TP at 1.398
Set to Overcome Resistance, Aiming for New Highs?Hey Realistic Traders, let's dive into the technical analysis of SAXO:USDCAD
USDCAD has moved above the EMA200 line again, signaling a bullish trend. Recently, on the daily timeframe, it broke the upper trendline of a falling wedge pattern and experienced a MACD bullish crossover, where the MACD line crosses above the signal line, suggesting increasing upward momentum. This combination of technical factors typically signals a potential upside movement to the first target of 1.39423. After reaching this first target, a pullback may occur before continuing its ascent to the second target of 1.40352.
Additional Information:
The prospect of a stronger USDOLLAR also contributes to the recent rally of USDCAD.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on USDCAD."
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
USDCAD megalongGreat deal + positive SWAP.
Judging by the currencies, they are entering a recession phase.
USDCAD Pattern FormationThis currency has been forming a very interesting pattern for the past few days, a ranging momentum. The sentiment is still bullish but let us first wait and see if it will retest the support zone to have more clarity on either a bullish or bearish entry point.
#USDCAD: 500+ Pips Big Buy Opportunity!Dear Traders
Hope you are doing great, we have a great buying opportunity on USDCAD, our first entry is in profit of 250+ pips, however, we expect price to grow steadily after reconfirming the same area. USDCAD tends to reconfirm the order block area many times before a big bull move. Good luck.
USDCAD RESULTyou can see that our tp was hit successfully.
i posted the idea 2 weeks ago and today our tp was hit finally. check my prious posts and drop your comments.
FX_IDC:USDCAD
USDCAd SellsetupHello Guys today we have a major impact news event for cad which is interest rate and monetary policy i am looking forward for a trade setup to form after events, and bias is bearish looking for the optional trade entry trade setup t appear and target the lower level accordingly.
stay tuned for further updates. :)
USDCAD LongBased on the previous analysis I had done, I anticipated that the price might break the upper trendline and retest the zone.
My entry position is at 1.372, target is 1.379 and SL at 1.3685
USDCAD Robbery plan On Bullish Side to Make MoneyMy Dear Robbers / Traders,
This is our master plan to Heist USDCAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing Low using 1h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
USDCAD Bullish Bias! USD-CAD is trading in an
Uptrend and the pair has
Formed a bullish flag
Pattern so as the pair
Is breaking out we
Are bullish biased
And we will be expecting
A further move up !
USDCAD IN PROGRESSUSDCAD in progress
from my previous post..i showed you that i expected an upward move from usdcad.
we expect more bullish move next week.
patience is key
USDCAD Pattern FormationThis pair has been forming an interesting pattern of late, a bullish pennant IMO. According to the higher timeframes, I anticipate that it will continue.
Let us switch over to shorter timeframes in the analysis that will follow.
USDCAD Bullish Momentum(Bull Div, DOW & Strong Support)USDCAD shows a bullish momentum with bullish divergence and break of LH. Stop loss is placed slightly below the strong support and entry is taken at CMP. TP is placed at 1:1 and 1:2 R:R. What do you think, will it go up and break the previous HH and start a new trend?
usdcad trade ideausdcad closed above 1.35897...
my idea is usdcad should go higher.
my analysis shows LONG on usdcad.. lets see how it goes.
let me now what you think in the comments
USDCAD to make a reversal on daily support?USDCAD - 24h expiry
Price action has continued to trend strongly lower and has stalled at the previous support near 1.3600.
Price action looks to be forming a bottom.
We expect a reversal in this move.
Momentum is flat, highlighting the lack of clear direction.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.3625 will confirm the bullish momentum.
We look to Buy at 1.3600 (stop at 1.3572)
Our profit targets will be 1.3670 and 1.3685
Resistance: 1.3625 / 1.3640 / 1.3650
Support: 1.3610 / 1.3600 / 1.3585
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.
USDCAD Trading Plan - 09/Jul/2024Hello Traders,
Hope you all are doing good!!
I expect USDCAD to react from the highlighted zone.
Currently USDCAD is correcting for another leg up, however, I am still seeing one more down after this leg up to complete bigger structure.
Plan to Trade:
If market gives bullish reaction at zone, I am a Buyer till 1.367 area.
Look for your BUY entry setups as per the above expectations.
Your follow and like will be a token of appreciation.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
USD CAD Pattern FormationThis pair has been forming a pattern, which looks like a rising wedge.
Let us wait and see how this pattern will turn out to be, then we enter our trades.
