USDCAD H4 ProjectionPrice moving near supply zone area Initiate short positions near the zone after confirmation by bearish price action structure.GOOD LUCK.
Usdcadshort
audusd 1h outlook for the dayI got a wadge in this pair but it is trading in the middle of this range now i am waiting to break any of this like I have drawn.....after breaking this line the execution opportunity will come ....keep in mind anything can happen so risk management is the key of profitability
USDCAD
In the USD/CAD pair, the 4-hour timeframe shows a bearish bias following a breakout from a rising wedge pattern. Additionally, a correction of 61% to 78% has been completed, suggesting potential downside momentum. The Elliott Wave analysis indicates a potential ABC pattern unfolding, further supporting the bearish outlook. Traders may consider short positions with caution, keeping an eye on key support levels for potential reversals.
USDCAD SELLUSD/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
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
USDCAD ABCD PATTERN BEAR1 - Bear Trend since Oct 2023 ✅
2- Fibo retracement to 61,8 ✅
3- Last 4 days price has closed under 200 EMA in the Daily ✅
4- ABC pattern completed , waiting for last stretch C-D
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.
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💰
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.
USDCAD Short Term Sell IdeaD1 - Bearish trend pattern followed by a pullback.
Price reached a strong resistance zone and is bouncing lower.
Bearish divergence.
H1 - Lower lows.
No opposite signs.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
USDCAD - Weekly Outlook - 2.20.24I accidentally deleted my last post.
I am bullish on this pair overall but we may see some sideways movement this week.
USDCADIs USDCAD exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 1.3430
What you guys think of it?
USDCAD Short Idea from Eliot Wave and Trend AnalysisAs you see on the cart clearly up trend in channel. And i think eliot wave is completed so now we are in the area of ABC correction. so i see an opportunity for selling.
Min Target: 1.35
USDCAD - Potential long position ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to make a retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.35000.
Like, comment and subscribe to be in touch with my content!
USDCAD - Bullish continuation ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: As I expected in my previous analysis price filled the imbalance and rejected from support zone. Now I expect bullish continuation and my target is buy side liquidity.
Like, comment and subscribe to be in touch with my content!
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.
USDCAD, It can be sell opportunity
Well as you can see the price created the inversion FVG at the 4-hour chart.
Now, if the price stays below this inversion we can target the sell-side liquidity.
On the other hand, if the price tries to move higher, liquidity above 1.36188 can be the price target.
💡Wait for the update!
🗓️21/02/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
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
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.
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.
USDCAD - Still bullish ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I want price to go a little bit lower to fulfill the imbalance and then to reject from support zone for a long position.
Like, comment and subscribe to be in touch with my content!
