Usdcadlong
USDCAD BUY Usdcad looking for buy momentum and its already conforms buy trend continuation
1:2 RR
USD LOOKING MORE STRENGTH 💪
USDCAD to continue in the upward move?USDCAD - 24h expiry
The current move higher is expected to continue.
Risk/Reward would be poor to call a buy from current levels.
Short term RSI is moving higher.
A move through 1.3750 will confirm the bullish momentum.
The measured move target is 1.3780.
We look to Buy at 1.3725 (stop at 1.3700)
Our profit targets will be 1.3790 and 1.3810
Resistance: 1.3750 / 1.3775 / 1.3780
Support: 1.3725 / 1.3700 / 1.3675
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Elliott Wave Analysis: Anticipating an Upward move in USDCADHello Traders,
Trust you are great.
Below is my Elliott wave analysis of USDCAD currency pair
Analysis:
The structure of the USDCAD currency pair suggests the formation of an irregular Flat corrective pattern. The initial Wave A has taken the form of a leading diagonal, moving downward.
Current State:
Wave B appears to have completed its formation. The next expected movement is the formation of Wave C.
Expectation:
An impulsive Wave C is anticipated to move upward towards the 1.37445 - 1.38147 region before a subsequent decline.
Invalidation level for the upside projection: 1.3605.
Cheers!
Preferforex Analysis on USDCADUSDCAD is currently in an uptrend based on both the daily and 4-hour views. The short-term break of the structure occurred at the 1.3745 level. Currently, the price is retracing downwards and heading towards a strong point of interest (POI)/demand zone. A further bullish movement is expected once the price touches and reacts from this demand zone.
USDCAD Monthly IdeaUSD/CAD is poised for a breakout! Based on technical analysis, we're looking at a potential surge from the current 1.37660 all the way up to 1.52000 This could be a significant move, so keep your eyes peeled on the charts.
Do your own due diligence and factor in any upcoming economic news that might shake things up. As always, trade safe!
USD/CAD Correction before next upward rally(6/8/2024)USD/CAD FX:USDCAD has been trapped into a curve, we can see few back and forth movements since last month. Since the NFP data was quite good, we believe the price will move another wave upward after some corrections.
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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.)
USDCAD - Awaiting Breakout Amid Key Economic Data ReleasesThe USDCAD pair is currently forming a wedge-type pattern, indicating a period of consolidation that typically precedes a significant price movement. The forthcoming Non-Farm Payrolls (NFP) and Consumer Price Index (CPI) data releases will be critical in determining the direction of the breakout.
---------------------Key Levels:--------------------------------
Strong Support: 1.36000
Medium Resistance: 1.37500
Strong Resistance: 1.38500
Current Market Sentiment:
At this juncture, we maintain a neutral bias on USDCAD, given the potential for either bullish or bearish developments contingent on upcoming economic data.
________________Technical Indicators:__________________
Support and Resistance Analysis: The pair is testing critical support at 1.36000. A break below this level could signal a bearish trend, targeting lower levels as the market reassesses USD strength.
Wedge Pattern Formation: The wedge pattern suggests an imminent breakout, though the direction remains uncertain pending economic data.
Volume Analysis: Observing volume spikes during the breakout will be essential to confirm the direction of the trend.
_____________________Potential Scenarios__________________
Bullish Scenario:
Trigger: A breakout above the medium resistance at 1.37500.
Implication: If USDCAD breaks and sustains above 1.37500, it could pave the way for a continuation towards the strong resistance at 1.38500.
Target: 1.38500 and potentially higher if bullish momentum persists.
Action: Monitor for buy signals upon confirmation of the breakout with increased volume.
Bearish Scenario:
Trigger: A breakdown below the strong support at 1.36000.
Implication: A decisive move below 1.36000 would likely initiate a bearish trend, with the potential for accelerated selling pressure.
Target: Lower levels, possibly revisiting the next significant support zones around 1.35000 and 1.34000.
Action: Consider sell signals if the price breaks below 1.36000, ensuring confirmation through sustained lower price action and volume.
Conclusion:
USDCAD is poised at a critical juncture within a wedge-type pattern. The upcoming NFP and CPI data releases are expected to provide the necessary catalyst for a breakout. Traders should remain vigilant and ready to react to a confirmed breakout above 1.37500 for a bullish trend or below 1.36000 for a bearish trend.
Recommendation: Maintain a neutral stance until the price action dictates a clear direction. Utilize stop-loss orders to manage risk effectively and be prepared to adjust positions based on the market response to the upcoming economic data.
Disclaimer: This report is based on current market conditions and is intended for informational purposes only. It does not constitute financial advice. Always conduct your own research or consult with a professional before making trading decisions.
USD/CAD looks set to break higherPrice action may be choppy on the daily timeframe, but it remains in an uptrend none the less. Price action since the April high appears to be corrective, and support was found around a prior VAH (value area high) and 1.36 handle.
The 1-hour chart shows strong bullish momentum from 1.36, and prices are now consolidating within a potential bull flag. The pattern projects an upside target around 1.3745, and the lows of the consolidation are holding above the weekly/monthly pivot and 10-day EMA.
The bias is for prices to rise to at least 1.37 near the weekly R1 pivot and 1-day implied volatility band.
#USDCAD: 550+ Pips Buying Opportunity! Do not miss out! FX:USDCAD
Price has started rebound from the area that we had previously had anticipated. However, we will now wait for price to breakthrough the inducement. The news on Thursday and NFP on Friday will be crucial for future of the pair.
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Team Setupsfx_
USDCAD tm:1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
USDCAD | Hidden Bullish Divergence | AB=CDThe USDCAD chart has currently formed a Harmonic AB=CD Pattern, which indicates a Potential Reversal Zone (PRZ). Additionally, there is a Hidden Bullish Divergence on the 1-hour time frame, suggesting that the current downtrend is about to shift into an uptrend. Furthermore, the price has mitigated the Order Block (OB) and is now moving upwards. These confirmations indicate a short-term bullish momentum, although the overall structure on the higher time frame remains bearish.
In summary:
1: Harmonic AB=CD Pattern: This pattern suggests a potential reversal zone (PRZ).
2: Hidden Bullish Divergence: Observed on the 1-hour time frame, this indicates a potential shift from a downtrend to an uptrend.
3: Order Block (OB): The price has mitigated the OB and is moving upwards, supporting the short-term bullish momentum.
4: Higher Time Frame Structure: Despite the short-term bullish signals, the overall structure on higher time frames remains bearish.
It's important to consider these factors together and conduct thorough analysis before making any trading decisions.
Long setup H4 uptrend swing trade👋Hello Traders,
Our 🖥️ AI system detected that there is an ICT Long setup in USDCAD for scalping.
Please refer to the details Stop loss, FVG(Buy Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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USDCAD Trading plan - 25/may/2024Hello Traders,
Hope you all are doing good!!
I expect USDCAD to go Up correctively.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
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.
USDCAD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I expect price to make a retracement to fill that huge imbalance and then to reject from bullish order block.
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USDCAD Rally towards 1.3695We can see a clear price run for the upside in the USDCAD pair after running Sellstops. i am expecting price to reach above the retail resistane above 1.3690 level in the short term.
Entry is around @ current market price @ 1.3650 with a stoploss at 1.3620 with a ultimate of 1.3690+
USDCAD Bank Money Heist Plan To Become a Rich TraderMy 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. 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,
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted 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 it will update after the Breakouts.
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usdcad buy signalDon't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
USD/CAD Buys Active. 1.36000 Swing Trade Bullish Continuation I am currently in a Buy position on USD/CAD looking for a bullish continuation.
1.36000 is a very strong area of resistance now turning support.
If you go to the monthly timeframe you can see that we are in a bullish market.
UsdcadWell!!! well!!! well!!!
My bias on usdcad is nothing other than a bullish scenario which you could see from the chart that it is😁
So let long cad to the moon
USD/CAD another upward waveit is possible that the USD/CAD FX:USDCAD will make another upward wave.
After an impulse upward wave we can see a correction in USDCAD. it seems the price has reached the end of correction and it is likely to go up.
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.
USDCAD BUY | Idea Trading AnalysisUSDCAD is trading along the rising support
And as the pair will soon retest it I am expecting the price to go up To retest the supply levels above at
Hello Traders, here is the full analysis.
Price reversal going up, levels for BUY. Great BUY opportunity USDCAD. ! GOOD LUCK!
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
USD-CADThe USDCAD creates a support level at 1.36200. There is also a vertical downward trendline that drains the market downward. If the market holds this support level then the market goes upward to the trendline.
