USDCAD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity USDCAD
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Usdcadsignal
USDCAD 27/10 Pair : USDCAD ( U.S Dollar / Canadian Dollar )
Description :
Completed " 12345 " Impulsive Waves at Daily Resistance Level. Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from the Upper Trend Line. We have CHoCH and Divergence in RSI
Entry Precaution :
Wait for the Proper Rejection or Breakout
USDCAD Buyers Are Strong? {26/10/2022}Educational Analysis says USDCAD may go long according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why long?
Broker FXCM.
After Ranging on the daily timeframe, A 4-hour time frame Made a Recent Upward Impulse Move that broke recent resistance and went for a new high,
Long setup after eating stop loss from Short Sellers,
Because USDCAD fair value gaps are unfilled in a 4-hour time frame.
The last Analysis is jointly connected in this updated one.
So, trade is already on with RR is 1: 22.01
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
Happy Trading, Fxdollars.
USDCAD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
DeGRAM | USDCAD pullback tradeUSDCAD is currently trading in an ascending channel.
The market broke and closed above the consolidation zone.
Price pulled back to the kill zone: consolidation zone as support and fibo golden zone.
We anticipate a retest of the major resistance.
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USDCAD Detailed Analysis I 100 + Pip Move! Welcome back! Let me know your thoughts in the comments!
** USDCAD Analysis - Listen to video!
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UsdCad- Constructive price action after 1.34 testRecently, UsdCad dropped under 1.35 support just to test the next important support from 1.34.
Since that low on 20 September, the pair started to rise again and now is trading back at the old support now resistance and important 1.35 figure.
The rise is painting an ascending triangle on our chart and this usually means up continuation.
A break above resistance would bring confirmation and the pair could rise back to test the 1.3650 zone.
A drop under 1.3450 would put the pair in a range trading mood.
USDCAD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCADUSDCAD appears to be gearing up for a potential downward trajectory. When this downward move materializes, it is likely to establish a lower low before deliberating its next course of action. At this juncture, it faces the choice of either sustaining the downward momentum and further extending its descent or opting for a consolidation phase, characterized by a temporary pause before signaling its subsequent move.
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
USD/CAD Faces Resistance Above 1.35; CAD GainsThe CAD has recently shown appreciation against the USD, and there's a historical resistance for the USD/CAD pair breaching above the 1.35 mark. Short-term technical trends also favor the CAD, and the 1.3495/1.3500 zone is a significant support. Breaking this support could lead to a quick decline towards the 1.34 area. This, combined with recent economic data, suggests a potential short position.
TRADE IDEA DETAILS
CURRENCY PAIR: USD/CAD
CURRENT TREND: Bearish for USD (Bullish for CAD)
TRADE SIGNAL: SELL
👉ENTRY PRICE: 1.3495
✅TAKE PROFIT: 1.3400
❌STOP LOSS: 1.3525
TRADE PLAN:
Enter a short position at the 1.3495 mark. Monitor the trade and adjust the stop loss to break-even once the price moves favorably by around 50% of the expected range. Watch out for any significant news events or economic data releases which might impact the USD/CAD pair.
FINAL THOUGHTS:
This trade idea is based on both technical and fundamental analysis. While CAD shows signs of strength, it's essential to monitor the trade closely due to potential volatility from external economic events or unexpected news. Always trade responsibly and never risk more than you can afford to lose.
USDCAD A DECISIVE DECISION hello traders , it seems like usdcad has a very important decision to make
either Break the bearish trendline and go up to the key support that i indicated
or Reject from it and drop back to the bullish trendline for the buyers to regain some strenght
the break out may be influenced by the fundamentals coming later this week to determine the fate of the dollar and the fate of the pair.
this is just my humble opinion but yeah follow me its free i post to you amazing setups and updates every week.
USD/CAD Gains Strength Amid Key Economic Events, BoC and US ISMThe USD/CAD pair is trading near 1.3640, shrugging off bullish oil price trends. The Bank of Canada is expected to keep rates stable at 5.00%, while mixed U.S. economic data keeps the USD strong. Market focus is on the upcoming U.S. ISM Services PMI and BoC rate decision for clearer directional cues.
TRADE IDEA DETAILS
CURRENCY PAIR: USD/CAD
CURRENT TREND: Bullish
TRADE SIGNAL: Conditional Buy
👉ENTRY PRICE: 1.3670
✅TAKE PROFIT: 1.3720
❌STOP LOSS: 1.3620
ANALYSIS:
The USD/CAD pair has shown resilience amid multiple economic variables, particularly favoring the USD. U.S. economic indicators remain strong despite recent factory orders data, and Fed Governor Waller's hawkish comments have bolstered the USD. The BoC is also likely to keep its rate unchanged, making the Canadian Dollar less appealing.
TRADE PLAN:
Enter a buy order only if USD/CAD crosses above 1.3670, confirming the break of technical resistance.
Set a take profit order at 1.3720, aligning with the next resistance level.
Place a stop loss at 1.3620 to mitigate potential downside risk.
Monitor economic data releases like U.S. ISM Services PMI and BoC rate decision for potential market shifts.
Execute the trade on a 1-hour timeframe for short-term analysis and trade management.
FINAL THOUGHTS:
Given the USD strength, mixed economic data, and anticipated BoC rate decision, a conditional buy signal seems most appropriate. However, traders should be cautious of sudden shifts due to upcoming data releases and geopolitical factors. It is imperative to stick to the trade plan, particularly the entry point and stop-loss mechanisms.
USDCAD : Short Trade , 4hHello traders, we want to check the USDCAD chart. The price has broken the ascending channel to the bottom and is pulling back to the specified key level. If the price cannot break this level, it is a good entry point for a sell trade. In case of a fall, we expect the price to fall to around 1.35000. Good luck.