USDCAD = ShortHere we have updated the trade setup on USDCAD according to Technical and Fundamental Analysis!
Usdcadshort
USDCAD - Daily Trade Idea - 9-Dec-22USDCAD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) 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 due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
USDCAD - Short from bearish orderblock Hello traders!
‼️ This is my analysis on USDCAD.
Here we are bearish from daily and H1 timeframe perspective, so I am looking for shorts. As price already rejected from daily bearish orderblock and broke the structure on H1 I will wait for a retracement to open a short position.
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USDCAD, I am Short (After a Bull Shot)USDCAD, I am Short (After a Bull Shot), be ready to take entry after reaching the POI area
USDCAD Re-entryUSD seems to be falling as CAD gains strength we can look for sells from the supply zone and target minimum 1:5 RR
USDCAD Short Position IdeaUSDCAD has formed a new LH on the 4H timeframe with double top & bearish Divergence on the 1H timeframe which is a clear bearish indication,
which means it's time for the downward move to make LL.
Bearish Signals:
Strong Resistance at 1.36945 Level
Strong Bearish Divergence on 1H TF
Break of structure on shorter TF
USDCAD - Daily Trade Idea - 8-Dec-22USDCAD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) 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 due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
USDCAD Short / STC TRADINGFX:USDCAD
Hello Traders! This is my analysis of USDCAD for this day.
I engaged my selling positions on my accounts and my clients did too.
I expect a rejection on this point and looking for the next demand zone
Like the idea and comment with your opinion!
USDCADthis pair formed a beautiful impulse+ correction to the downside, so we are triying to ride the next impulse. as you can see it also had a three-tauch pattern , broke the last HL. in addition to that, the DXY looks very bearish. add it to the watchlist.
USDCAD: where can we align with the main BEARISH structure?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 - sell setup the price now is out of the up channel
so we r searching for selling opportunities
wait until the counter-trend is broken
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don't forget your risk management
follow for more :))
USDCAD Possible shorting scenario Hello Traders, here's how I'm watching this pair for a possible downside move. Recently on this pair, we've seen an Head and Shoulder pattern formed and then there have been a correction to the golden fib ratio 61.8% currently I'd be looking forward to downtrend continuation pattern on the H1, H2 or H4 timeframe.
We stay reactive nonetheless.
USDCAD rejectedYesterday NFP news was come in the favor of USD, but market react against the news. This is making sense that USD has no power and by this USDCAD seems more bearish.
USDCAD - Daily Trade Idea - 5-Dec-22USDCAD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) 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 due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
USD/CAD SELLS AFTER NEW PEAK FORMATION As you can see a new peak formation has been created and we are now looking for sell. So as you saw with the Fed Chair Powell hinting that Fed could begin to pivot and perhaps a lower then expected interest rate hike coming in DEC 14th .. cause the US Dollar to weaken and now we can confirm a new PFH has taken place ... We look to take sell setups on USDCAD ..
USDCAD - Daily Trade Idea - 2-Dec-22USDCAD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) 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 due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
USDCAD: BEARISH Market Analysis! Watching for CONTINUATIONHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the USDCAD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
Top Down Technical Analysis:
The structure slightly changed since the last forecast, but still looks like bearish.
In HTF the market is moving inside a great descending channel, reached the top and sharply reversed , potentially continuing the first bearish impulsive move.
In lower timeframe, a corrective structure, double top and and reversal impulse inside, could be clues enough to confirm the next movement.
When, where and why would we step into the market?
Considering the overall momentum still bearish, we will be looking only for sell positions, if the market will be able to breakout the corrective structure and “breath’, confirming our entry.
However, the market could false breakout and retrace back inside, in that situation no action will be taken.
If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias!
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Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.
USDCAD - Bullish price action ✅Hello traders!
‼️ This is my analysis on USDCAD .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect bullish price action from here as price rejected from FIBO 0.786 level + institutional big figure 1.34000.
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USDCAD Resistance Cluster!USDCAD is trading in a downtrend
And the pair has retested a resistance cluster
From where we are already seeing
A bearish reaction so I think that the price
Will go lower still
USDCAD - Daily Trade Idea - 1-Dec-22USDCAD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) 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 due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD
USDCAD is now quite BUY. This is because OIL is slightly WEAK, CAD is WEAK and USD is slightly UP with RETAIL SALES being POSITIVE. Also, MARKETS RISK has been ON again due to this reason. But this time US CPI data was NEGATIVE. The FOMC OUTLOOK was also very NEUTRAL. So now USD is very WEAK. But now with US YEILD getting a good CORRECTION, USD is moving UP.
USDCAD MARKET is currently DOWN due to US DATA and UPDATES being NEGATIVE and MARKET SENTIMENT being RISK ON. We think it will go up to the 1.3810 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE can SELL to the 1.2800 LEVEL in the future.
In any case, there will be an opportunity to SELL USDCAD up to 1.3000 LEVEL. We wait until the DOWN TREND CONTINUES. MONDAY may be RISK ON again according to MARKET UPDATES. So follow the given STRUCTURE. It is seen that the OVERALL MARKET SENTIMENT has become POSITIVE.
USDCAD is ready to go shortAfter several rejections at the 1.3436 level, we open our sell positions to look for the 1.3320 level.
The price failed to break through the resistance and the volume of buyers at this price level decreased significantly.
USDCAD possible short for 1.3290supply zone for short 1.3525-65, stop loss: 1.3585, target 1.3330 & 1.3290.
