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Usdcadshort

USDCAD The Canadian Dollar (CAD) found some room on the upside at the midweek inflection point as investors await Thursday’s US Producer Price Index (PPI) and Retail Sales figures. The CAD continues to wrestle with the US Dollar (USD), but the Canadian Dollar is on pace to be one of the strongest performers this week as the only major currency entirely in the green. USD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will give you the edge to conduct thorough fundamental and technical analysis to trade this popular currency pair. confirm chart
Short
by Mark804
USDCAD Dropdown and Break Trenline USDCAD Crosses the Trendline and creates a new bottom at the 38% Fibonacci line So now the uptrend has been broken. We can consider entering an order #1 Sell: 1.34958 fibo zone 23.6% Stop loss: 1.35520 Take profit: 1.33889 at fibo 50% #2 Sale: 1.35211 Stop loss: 1.35521 Take profit: 1.33429 at fibo 61.8% #3 Follow the price movement closely. You can close half of the order when the price touches the 38.2% fibo line: 1.34370 and move the SL to the entry point to preserve profits. #4 You should only enter a maximum of 1-2% equity. #5 Good luck to you.
Short
by KDFund
USDCAD SELL | Day Trading AnalysisHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1
USDCADUSD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will give you the edge to conduct thorough fundamental and technical analysis to trade this popular currency pair.USD/CAD The Canadian Dollar (CAD) found some room on the high end above the US Dollar (USD) on Thursday. The USD/CAD pair slipped below the 1.3500 handle as markets buckle down for the wait to Friday’s US Nonfarm Payrolls (NFP) jobs report.
Short
by Mark804
USDCAD Trading Plan - 20/Feb/2024Hello Traders, Hope you all are doing good!! I expect USDCAD to go Down after completing this correction. Look for your SELL 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.
Short
by For3xScalper
USDCAD Long Term buying 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
3
Trade idea: Canadian inflation data tomorrow On Tuesday, February 20, Canada will unveil the latest inflation data. It is anticipated that headline annual inflation will decrease to 3.2%, marking its first deceleration since October 2023, compared to December's figure of 3.4%. Bear in mind, the Bank of Canada's previously indicated that they expected inflation to persist near 3.5% until mid-2024. The forecasts obviously suggest a slight easing. Various commercial banks offer a range of forecasts too. ING predicts 3.1%, Wells Fargo anticipates 3.2%, National Bank Financial (NBF) estimates 3.3 to 3.4%, CIBC forecasts 3.3%, and Citi expects 3.4%. On the chart. the USDCAD faces challenges breaching the 1.3500 resistance line, but it currently hovers just above a supply zone and right on the threshold of its bullish trend line. The next potential targets are in the range of 1.3530 to 1.3550, with December high at 1.3620, just above this. It's worth noting that both Canada and the US observe bank holidays on Monday, which could lead to reduced trading volumes.
by BlackBull_Markets
USD/CAD still selling offEarlier I posted a USD/CAD SHORT trade which was unforunately blocked because of a TV house violation I was unaware off bit one that I fully understand. I had an initial target for this trade at 1.3492 which we have reached. There's no sign that this pair have finished selling off following the major Retail Sales shock out of the US. Core Retail Sales were expected in at +0.2% but missed by an astonishing 8 points to come in at -0.6%. This has seriously impacted all USD pairs and as I'm in this USD/CAD SHORT I see no reason to close the position just yet. My next target is 1.3470.
Short
by forextraplaces
USDCAD,🔴Will the price drop further?🔴 As you can see, I expected that the price rose to more than 180 Pips and had a bearish reaction after collecting the liquidity above the previous high. Now, by examining the 12-hour chart we can see the price created the FVG and I expect it to fill in the short term, then we can define a bullish order block where we should study the price in the lower time frame and see the bullish reaction in this zone. So if the price stays below 1.3506, the price falls more to 1.3366- 1.33875 💡Wait for the update! 🗓️07/02/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Short
by VahidTradingCR
11
Sell USDCAD Bearish ChannelThe USD/CAD pair on the M30 timeframe exhibits a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Bearish Channel: As visualized on the M30 chart, the price has been confined within a descending channel characterized by two falling lines: a resistance line and a support line. This ongoing downtrend signals continued selling pressure. Sell Entry: Consider entering a short position around the current price of 1.3460, positioned close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 1.3414 and 1.3396, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 1.3485. This helps limit potential losses if the trend unexpectedly breaks upwards. Thank you
Short
by KABHI_FOREX_TRADING
21