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Usdcadsignal

USDCAD - Probability of the formation of Expanding DiagonalUSDCAD - Probability of the formation of Expanding Diagonal Pattern Wave 3 has ended in the range of 1.4689 and the movement structure up to the range of 1.4667 has been in the form of 3 waves, which indicates the corrective movement. Given that the X wave has ended in the range of 1.4667, it is possible that we will encounter the FLAT pattern in the 4th wave. In the downtrend, which started from the range of 1.4667 and should be in the form of 5 waves, according to the FLAT pattern, the movement structure is in the form of 3 waves, which can represent the Expanded Diagonal pattern. Which can prolong up to the range of 1.2039.
Short
by NirmataFX
2
USDCAD: BUYBefore I start with the analysis, I want to thank everyone who liked my previous posts! :) I appreciate you guys. I am calling a BUY signal for USDCAD as it is sitting on a strong support that was tested multiple times, I suggest taking a small position until a reversal is evident. A break from the 100MA and a breakout from the previous high will more or less confirm that a reversal is coming, What I want to see is a little bit of consolidation on the support area, then see if the US NFP is optimistic, then we'll definitely have a good day! :D News to watch out for: US Vaccine (Better Effectivity and early release date: BUY) NFP (If better than estimate: BUY) US Election (Transition) CHEERS! Happy Trading Guys :)
Long
by behindthetrades
USDCAD - Probable Expanded Flat Pattern formation in Wave IVThe structure of the downtrend which has been started from the range of 1.3420, has finished in the range of 1.2928 which is in the form of 3 waves. Given this trend, we will probably have a 5-wave uptrend in C-wave, which could be extended up to the target of 1.3523. If the price crosses the range of 1.2928, this analysis will be violated. In case the price crosses the range of 1.3172, we can expect an uptrend forming hopefully.
Long
by NirmataFX
1
USD/CAD Day Swingtrade sell signalHi traders community! Welcome to my new free signal! USD/CAD Day Swingtrade Market-Sell: 1,3060 Stop-Loss: 1,31000 Target 1: 1,30300 Target 2: 1,29800 Stop-Loss: 40 pips Risk: 0,5-1% Risk-Reward: 2,0 Pivot (invalidation): 1.3100 Our preference Short positions below 1,3100 with targets at 1,3030 & 1,2980 in extension. Alternative scenario Above 1.3100 look for further upside with 1.3125 & 1.3145 as targets. Comment As Long as the resistance at 1.3100 is not surpassed, the risk of the break below 1.3050 remains high.
Short
by XTrader_Paul
USDCAD | PERSPECTIVE FOR THE NEW WEEKAfter taking a 200pips gain in our last publication on this pair (see link below for reference purposes), it appears we are at a juncture for a second wave of shorting the USDCAD as price breaks down my key level @ CAD1.30700. Despite making the previous four trading days in the positive territory, the USD/CAD pair rose to its highest level during the last week at CAD1.31740 on Friday only to experience a sharp rejection of this level with a Shooting star candle. Even though I have this intuition that the price of oil will surge soon, It is worthy to note that the performance of oil in the coming week shall be a significant point of reference to make a decision on this pair. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Supply & Demand | Trendline Observation: i. As price continues to respect the major Trendline since May 2020; a Breakdown of Key level @ 1.30700 on the 5th of Nov. 2020 is a clue that the Trend might continue considering the Selling pressure at this juncture in the market. ii. 1.31300 area which has been a Demand zone in the past appears to have been taken over by Sellers as this level no longer hold a haven for buyers. iii. Our New Supply zone @ 1.32000 & 1.31500 which is also forming a Double Top pattern confirms the strength and presence of Sellers. iv. We experienced significant growth in the Greenback last week but I am considering this minor uptrend to be a correction phase that might hit around 61.8% retracement in anticipation of a decline. Trading plan: SELL confirmation with a minimum potential profit of 450 pips. Risk/Reward: 1:3.5 Potential Duration: 5 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, 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
1
USDCAD 260 Pips bullish run expected. Will it reach Sep high?USDCAD ********* ⏳4 Hour chart 🎲 Possible entry analysis ⛳️ Possible bull/bear target 📚Educational —————-❇️——————- Detailed analysis 💬 1️⃣ Trend line bounce, Break and retest around 1.31500 2️⃣ 1.32500 Price action level-Dynamic support 3️⃣ Risk off mode and Rising of virus infections, Falling of Oil- WTIUSD prices 4️⃣ 1.34000 Key psychological resistance 5️⃣ Price Movement within the broader upward channel 6️⃣ Parabolic move was expected from 1.31000 to 1.35000 7️⃣ Technical support - Bear 8️⃣ Minor Bullish Trend 9️⃣ September high Immediate resistance 🔟 Strong DXY- Upward pressure- Negative for CAD #️⃣ Overall bearish trend —————-❇️——————- 📉 Technical bias-H4-Bullish Above200 Exponential moving average 200EMA acting as immediate support - Bullish trend Possible entry point-1.32600 Relative strength index - 50> Above neutral area. RSI trend line support MACD -Felled below the middle line, Red zone territory, Oscillators pointing downward Stochastic -Around neutral area -Short term bullish trend Ichimoku cloud -cloud is turned green-Cloud Support Bollinger band- Price is around higher band-Middle band acting as dynamic support —————-✳️——————- Key reversal area's 1.34000 Key psychological level 1.34160 September month high 1.32510 Dynamic support and resistance 1.36000 Key psychological level-Major key reversal area 1.31200Lower trend line reversal area 1.132510 Possible entry- Bullish —————-✳️——————- Bullish entry #USDCAD Entry price - 1.32520 Take profit 01 - 1.33500 (100 pips) Take profit 02 - 1.34150 (165 pips) Take profit 03 - 1.35150 (260 pips) 🚫 Stop lose 1.31940 (55 pips) Alternative bearish entry-1.34170 ⬇️ 2.0% Growth expected ⤴️ Account growth 0.45 : 2.00 ✅ Risk reward ratio 1 : 4.2 —————-⚜️——————- Push the like button , And cheer up if you found useful
Long
by forexorbit
USD/CAD long idea, almost 90 pips and 200 pips move...In the name of ALLAH who is most merciful and the master... I strictly take trading as a business, not a gambling stuff. I have calculated approximate risk to reward ratio on every single trade with predefined profit/loss levels. Please note: -> Never go beyond 1.5% risk of your total trading capital on a single trade, -> Always move your stops to your entry levels after the price moves 27 pips towards target, -> Always close 72% of your trade position after market makes half movement towards target. Every one has a right to earn a lot of money, but it can only be done by following the rules and principles very strictly!!! REMEMBER: I practice patience in trading. NO EMOTIONS. NO GREED. NO FEAR at all... that's how I do this business... My Risk to Reward Ratio is usually more than 1:3 therefore if I loose a trade, I loose small capital... But when I win, I win really really big... Day after day... Weak after weak... I GROW... --------------------- Please take out some proportion of money from your profits and donate to the poor people...
Long
by WaqqasAsim
1
USD/CAD BUY idea, almost 120 pips and 230 pips move...Beginning with the name of ALLAH who is most merciful and the master... I strictly take trading as a business, not a gambling stuff. I have calculated approximate risk to reward ratio on every single trade with predefined profit/loss levels. Please note: -> Never go beyond 1.5% risk of your total trading capital on a single trade, -> Always move your stops to your entry levels after the price moves 27 pips towards target, -> Always close 72% of your trade position after market makes half movement towards target. Every one has a right to earn a lot of money, but it can only be done by following the rules and principles very strictly!!! REMEMBER: I practice patience in trading. NO EMOTIONS. NO GREED. NO FEAR at all... that's how I do this business... My Risk to Reward Ratio is usually more than 1:2.5 therefore if I loose a trade, I loose small capital... But when I win, I win really really big... Day after day... Weak after weak... I GROW...
Long
by WaqqasAsim
17