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Usdcadsignal

USDCAD My Prophecy has happened !!Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ On July 20 I posted my analysis on the market and told u that a cup and handle pattern has formed and the market is looking Bullish Then on the 2nd of September, i posted an idea about how the market will probably move for the next period of time, and Today we see that the market moved exactly like I said it would ..... Today The USD/CAD pair added to its strong intraday gains and climbed to one-month tops, further beyond the 1.2800 mark heading into the European session. The market is still showing Bullish signs all over, and if we use the Elliot wave theory we see that we are having an impulsive wave right now that could push the market to the 1.3002 level. Scenario : The market is getting close to the first resistance line at 1.2826 where a battle between the Bears and Bulls will happen and the outcome will probably be in favor of the Bulls. if the price breakout that line then the trend will go on and that which give us a good confirmation that the movement will be headed to the 1.3002 level soon. Technical indicators show : 1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish sign) 2) The RSI is at 63.07 showing Great strength in the market, No divergences were found between the market and the indicator 3) The ADX is at 18.45 showing that the market is gaining more strength but it didn't reach the trending phase yet. A positive crossover is happening between DI+ (28.32) and DI- (14.76) Daily Support and Resistance : support Resistance 1) 1.2759 1) 1.2777 2) 1.2751 2) 1.2787 3) 1.2741 3) 1.2795 Weekly Support and Resistance : support Resistance 1) 1.2651 1) 1.2826 2) 1.2537 2) 1.2887 3) 1.2475 3) 1.3002 Fundamental point of view : The USD/CAD returned to its best level in a month as markets anticipate the Federal Reserve will confirm that a bond taper is planned this year and the close Canadian election is not expected to produce any major policy shift, whatever its political result. That promise of higher US interest rates has been the main support for the US dollar over the past month. Canadian inflation was slightly higher in August than expected though the Bank of Canada core rate was a bit lower than forecast, though it increased over July. In the US, the Consumer Price Index for August showed the first indication that price increases may be slackening. Retail Sales in August rebounded smartly from their decline the month before. Polls for Canada’s federal election on Monday between Prime Minister Justin Trudeau’s Liberals and the Conservatives of Erin O’Toole show neither party winning an outright majority in the 338-seat parliament. According to FXstreet This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
Long
by GabiDahduh
USDCAD | Perspective for the new weekMy last speculation saw the price move over 150pips in our direction before the bulls took over ( see link below for reference purposes). Since breaking above the $1.25000 level in July 2021, I am labelling this level to be a very strong demand zone for the Greenback considering that the obvious that it has held price "supported' in the last couple of months. Since the value of the Loonie is directly connected to the oil situation. It is important to take into consideration that oil inventories are currently down from what they used to be prior to the Covid-19 pandemic. Coupled with the Hurricane Ida situation, there is more supply than demand which could have a negative impact on the Loonie in the coming week(s). Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline Observation: i. Since hitting a peak @ $1.29500 on the 20th of August 2021, the price of USD have tumbled drastically and it is finally at our Demand zone. ii. The visual representation of a line drawn under pivot lows reveals the prevailing direction of price since June 2021. However, a sudden Breakdown of this Trendline (whatever way you draw your line) during last week trading session cast some doubt on the Bullish tendency on this pair. iii. At this juncture it is indeed appropriate that we remain patient and observe how price reacts to the Major Demand zone @ $1.25000/1.24200 area for confirmations. iv. To support my Bullish expectation on this pair, I shall be looking for rejections or engulfing candles off of the Key level @ $1.25000 (above key level - safe haven) in the coming week(s). v. Should price drop below Key level, then this will make the Breakdown of Bullish Trendline valid. Hence, a retest shall give me no choice but to switch bias in support of the Bears... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 250 pips. Risk/Reward : 1:4 Potential Duration: 3 to 7days 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.
Long
by darcsherry
USDCAD | The best area to start the uptrend🏹Hello traders, Symbol USDCAD ,This analysis has been prepared in a weekly time frame but has been published for a better view in a 2 week time frame. Our goal in this analysis is to give you an overview of the future of symbolism. As you can see in the chart, this symbol has been analyzed and examined from 1979 until today and is predicted until 2027. Based on the wave count we did in the weekly timeframe, we first identified a 5-wave cycle and then a relatively short correction in terms of price and time. After completing this correction, a new 5-wave trend in the form of a triangle has started again. In this leading wave, waves 1, 2 and 3 are complete and now we are waiting for the completion of wave 4, we expect wave 4 to form at the bottom of the channel (Fibo 0.50) but we can also expect a deeper correction (Fibo 0.618). After the end of wave 4, we are waiting for the beginning of wave 5, and the best confirmation for the beginning of wave 5 is the price crossing the midline of the channel or the pink trend line of the channel floor. If the price crosses Fibonacci 0.618, this analysis will not lose its validity and we should expect a further rise. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Long
by TajereBartarFX
Monday: USDCAD - Week 32Hello 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.
Long
by INotFancy
Tuesday: USDCAD - Week 31Hello 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.
Long
by INotFancy
1
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