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Usdcadsignal

USDCAD | Perspective for the new weekWe scooped over 500pips from our last publication as price moved aggressively in our direction ( see link below for reference purposes). Earlier in the week, we witnessed high volatility as price hit a high at CA$1.28000 ish only to fall drastically during the week to close below a major Support/Resistance level @ CA$1.26300 with signs expressing doubt of buying the Greenback over the Canadian Dollar. With all eyes focused on FOMC in the coming week; a Channel Breakdown expectation, a V-shaped recovery in oil prices (check USOil chart) coupled with a better than expected Canadian retail sales report is a positive sign for me to sell the Greenback for the Loonie in the coming week(s). Tendency: Downtrend (Bearish) Structure: Supply & Demand | Channel | Reversal set-up Observation: i. It is evident from our Daily chart that the USD has been on a rally since June 2021 and it appears to have found a peak at CA$1.28000. ii. The beginning of July 2021 expressed a steady growth in the Dollar as price action is contained between upward sloping parallel lines. iii. The appearance of an Ascending Channel is confirmed after drawing a lower trend line that connecting the swing lows, and an upper channel line that joining the swing highs. iv. The Breakout of the channel on the 19th of July 2021 appears to be a false one after considering the pattern of the Bearish move that followed the Breakout which also closed below the major Support/Resistance level @ CA$1.26300 on the daily chart - a sign that Buyers could not hold the momentum above this level for long. v. I look forward to a breakdown of my new Key level @ CA$1.25500 and channel to the downside in the coming as the likelihood for a rise in USOil becomes evident. vi. In this regard, I have identified a niche around CA$1.26300/1.25400 for selling opportunity with a high probability of a Channel Breakdown. vii. See the chart for levels that might welcome opportunities to add to our existing position. viii. For fellow cautious traders, below Key level remains a safe haven to sell... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:5 Potential Duration: 5 to 10days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
USDCAD, BULLISH!!We can see on four hour timeframe that the market is contineously pushing to the upside making higher highs. The most recent support/demand area is 1.26 area where the market will most likely make a new Higher Low unless it breaks the uptrend structure. My bias is bullish at this pair until it breaks it's previous higher low which is located at 1.245 area. My take profit will be below the recent higher high and break above that market will push higher. Before entering watch out for price action that will indicate you to buy this pair.
Long
by DontStopTrading
USD/CAD BULLISH NOW....... 💹USD/CAD ⏬BUY STOP @ 1.23232 ✅TP-1# 1.23463 ✅TP-2# 1.23801 ⛔️SL 1.22844 N.B- USD/CAD CREATE BEARISH BUTTERFLY PATTERN. SO,IF BREAK 1.22700 SUPPORT ZONE.THEN THIS ENTRY INVELID. 📊 Trade Accuracy 75% 📊 📊 Follow Proper M.M & Use S.L 📊 AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. Dear Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad to you.
Long
by AronnoFx
Wednesday: USDCAD 2 - Week 28Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the support! ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
Short
by INotFancy
1
USDCAD in the bull run??USDCAD is consolidating between 1.2260 & 1.25. 1.25 level is a Resistance, which is also a major round figure that a lot of people will be paying close attention to. If we can clear the 1.25 level, it is very likely that we could go looking towards the 1.26 level. An impulsive bullish move just waiting to happen. You can buy low and sell high within the consolidation. Most longer-term traders will take a careful look at the market as an uptrend if we can break above the 1.26 level, and we are getting near to that happening. If the crude oil market go into a bear market, that might be enough to make it happen. Nonetheless, the US dollar has been strengthening for some time, even as oil prices have risen, so it does not necessarily have to play out that way. With that being said, there is always the negative possibility as well. If price break below demand level then I think the market probably will go towards the 1.20 level, a level of massive support. I'll be glad if you give a like, comment & share.
Long
by DontStopTrading
1
USDCAD short analysisAfter a downtrend USDCAD started consolidating and then broke from it on June 16th and is continuing going upside. Last week USDCAD failed to make a new higher high and closed with a big bearish engulfing. Even though my bias is bearish for a short period of time on this pair, i will wait and see how it reacts from demand-1 area. Break below demans-1 will expose demand-2. I am more curious about demand-2 and see how it reacts from there. From that area a short buy can be placed after confirming a price action signal.
Short
by DontStopTrading
1
USDCAD LongAs we can see the pair formed a Cup with a Handle, This is a bullish continuation pattern that marks a consolidation period followed by a breakout. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. As traders, we wait for a break out at the handle before entering a trade, Please use proper risk management : Here is a break down of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 14,26 Please like and share for more useful content:
Long
by Pro-Trading-Africa
1
USDCAD might go higher after the Pullback Welcome back Traders, Investors, and Community! Hi Traders, USDCAD as we see in the H1 chart has been in the Bullish channel for a while and has broken above a minor Resistance (1.2347). It seems that the price is going lower for a Pullback which might happen around 1.2367 before it goes higher to 1.2405, 1.2434 and 1.2480 We will have more FREE forecasts in TradingView soon ❤️ Your Support is really appreciated!❤️ Have a Profitable Day
Long
by Fibonacci-Signals