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Usdcadshort

USDCAD: Corrective structure in short term?Many of you already know this big picture on daily chart, in the last few weeks we have been following this beautiful rally. Having said that, the trend is bullish on daily chart, but at the same time we don't rule out some corrective structure i short term. From a technical point of view, we have shown on the chart two potential areas useful for trying to take a short position. As we said earlier, our view has been bullish over the last few weeks and we traded the rally thanks to our harmonic structure: (click on chart below) From a technical point of view, it could be interesting to look for some reversal pattern (bearish) on intraday chart, so if the conditions are right, we will publish our updates below.
Short
by TheAnonymousBanker
11
USDCAD -- Bears Market?!Hello Traders, Today, the pair is looking to bounce off trendline, repeating the lower high / lower low pattern. Although the Daily shows price above the 200 MA, which generally gives us the trend, should we put in a short order and target last low of ~1.311?? I f we get a close today on or below the BB basis line, and tomorrow pushes it down further, I would short this swing! For now, let's see today's/tomorrow's close on the Daily for confirmation. Also, we'll check the DXY for any big fundamentals we'd consider for. Otherwise, just for technical analysis, hope to see today & tomorrow bearish candles, especially below the BB basis line.... then I might have the warm & fuzzies!! This is only an opinion, so please only treat as such, thanks!
Short
by WolfBladeTrading
2
USDCAD SWING ANALYZE / SHORT Hello dear friends I hope we start a very good week. There is a good position in the currency pair of the US dollar to the Canadian dollar And I drew two movement patterns for this currency pair. In short, this currency pair has weekly and daily resistances, and due to the decrease in momentum, we can think about short trades. If the drawn trend line breaks with good strength and seeing the entry trigger, we can enter the short trade And if the price goes up, we can take the risk on the resistance areas and enter the short trade. The loss limit should be placed behind the pivot in the first case and behind the resistance level in the second case Thank you for telling me your opinion
Short
by jawad369
1
USDCAD - AnalysisUSDCAD MN - ABC structure is visible, from which growth can continue to the level of 1.46678 W1 - The price has broken through the level of 1.36627, now we can expect a correction to 1.33952 After this level, both a downward movement and continued growth may develop. What can you expect now? Correction to 1.33952, then a clear formation will appear. Continued decline may reach 1.27837 With growth it may reach 1.43437 Long Targets 1.36627 - 1.40189 - 1.43437 Long-term perspective – goals 1.40189 - 1.43437 - 1.46678 Short Targets 1.33952 - 1.30918 - 1.27837 Medium term - goals 1.30918 - 1.27837 - 1.24507
by Trade_Hive_Signals
2
USDCAD A DECISIVE DECISION hello traders , it seems like usdcad has a very important decision to make either Break the bearish trendline and go up to the key support that i indicated or Reject from it and drop back to the bullish trendline for the buyers to regain some strenght the break out may be influenced by the fundamentals coming later this week to determine the fate of the dollar and the fate of the pair. this is just my humble opinion but yeah follow me its free i post to you amazing setups and updates every week.
by xAB777
USDCAD - Short after taking the liquidity ✅Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I see price to reject from bearish order block + institutional big figure 1.37000, after taking buyside liquidity. Fundamental analysis: On Friday will be released Unemployment Rate on CAD. Pay attention to the result in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
USD/CAD: Double top beneath key swing highsUSD/CAD has risen just over 4% since its YTD low set in July. And it did so in a relatively straight line. Yet a double top has now formed on the daily chart beneath the April and May highs, with the second ‘top’ coming in the form of a bearish engulfing / outside day. This likely points to at least a minor top over the near-term. Any low-volatility moves towards 1.3600 could provide bears an improved reward to risk ratio, with 1.3500 making a viable initial target. Should US data such as GDP, ADP employment and Nonfarm payroll disappoint, we could be looking at much lower.
Short
by CityIndex
USDCAD Long Term selling Trading IdeaHello Traders In This Chart USDCAD HOURLY Forex Forecast By FOREX PLANET today USDCAD analysis 👆 🟢This Chart includes_ (USDCAD market update) 🟢What is The Next Opportunity on USDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20