Usdcadsell
USDCAD - Outlook 30 Sept 2020 - Would we be in the range soon?Hi all traders,
This is a video analysis for usdcad.
As always, i have shown a few levels on how to trade this pair.
Do take note of the explanations done in the video, as this trade should be ready for a trade soon.
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USDCAD PULLBACK FOR LONGER TERM BUY SETUPIt looks like price has hit a D extension.
Looking for a retracement and then a buy.
Short term sell for longer term buy.
GoldCartel - Let's get more pips ! Follow up analysis My analysis and targets remain the same as long as it stays below the major daily trendline.
Catalyst:
- CAD New Housing Price Index (NHPI)
- Fed Chair Powell Speaks
- US Flash Manufacturing PMI
- US Crude Oil Inventories
- US Unemployment Claims
- Treasury Sec Mnuchin Speaks
- US Core Durable Goods Orders
PS: Click the arrow/dot on the chart to see the previous analyses.
SELL USDCAD AFTER PULL-BACKUSDCAD pair is positioned for a short run to the upside with an expected pull-back @ 1.32614.
Thereafter, we should see a bearish confirmation candle that closes below @ 1.32614.
We will take two short entry positions once we confirm a bearish candle close. Our first target will be toward @ 1.3250.
Then we shall wait for the break toward the downside with price closing below @ 1.31250. This will give us our second entry confirmation to go short to our next target. Target 2 will be @ 1.29900.
GoodLuck.
USDCAD Lower high --> US dollar looking weakWhats going on everyone.
Todays favoured setup is USDCAD.
Im really liking the looks of this setup now that the US dollar and DXY have finished retracing.
Now that USDCAD has made a lower high and this is coupled with a perfect test of the 78.6 im really liking shorts here.
TP @ 1.292
Hope this helps.
USD/CAD TO 1.30200Fib 78.6% retest completed, now to the -27.00% which correlates perfectly with this weekly level.
USDCAD Short4h
-structure: down trend
-minor trend: up trend
Pattern
-Head n Shoulder?
-breakout of ascending tl, below support
-waiting for retest of new resistance
=Sell
USD/CAD SELL SIGNAL
Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: ALL TRADES today especially major-pairs are very risky ahead the ADP-Figures!
USD/CAD: Daytrade-Execution
Market-Sell: 1,31370
Stop-Loss: 1,31705
Target 1: 1,30860
Target 2: 1,30680
Target 3: 1,30440
Stop-Loss: 37 pips
Risk: 0,5% - 1%
Risk-Reward: 2,45
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Peace and good trades
Irasor
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Perfect Short setup for USDCADUSDCAD is looking primed for a sell off.
You can see price action has perfectly retraced to the 61.8 fib extension, and has been immediately met with selling pressure from the bears.
This in confluence with weakness of the DXY has setup for a perfect short opportunity for this pair.
Stops above the prior wick highs, take profit at 1.2929
Hope this helps.
USD/CAD 03.09.2020Open Position: Sell 1.31165 (valid until 07.09.20)
Take Profit: 1.29944
Stop Loss: 1.32009
USDCAD Wedge its clear USDCAD goes down more and more
maybe just it came up a little and then again goes down, you can wait to when it toch up-line and start new sell.
USDCAD HUGE DECREASELoonie and The Funds, Are you seriously gonna decrease to 1.13216? let's wait and see, it is hard to believe but that's what I see from the future of USDCAD , Canadian Dollar looks to be so thirsty to increase dramatically.
You never quite know where the next big wave or gust of wind is coming from, but you know it is out there.
USD/CAD 30.08.2020Open Position: Sell 1.31384 (valid until 02.09.20)
Take Profit: 1.30946
Stop Loss: 1.31749
USDCAD - BEARISH BIASUSD - BEARISH
1️⃣ A shift in Fed's monetary policy framework announced on Thursday also weighed on investors mood. The Fed will allow a more flexible inflation target, meaning rates can stay low for a longer period despite rising inflation.
2️⃣ Conference Board consumer confidence came below market expectations.
CAD - BULLISH
1️⃣ The Canadian dollar appreciated further as oil prices have been hovering around five-month highs after US oil producers shut most of their offshore output in the Gulf of Mexico as hurricane Laura made landfall in the region.
2️⃣ Powell’s dovish comments, the upbeat market mood continued weighing on the greenback.
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TECHNICAL
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- We are looking to short USDCAD on SBR level on H1 chart.
- USDCAD in bearish zone.
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RISK TO THIS TRADE
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- Decline in oil prices will take this trade to hit stop loss.
