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Canadian Dollar / U.S. Dollar

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USDCAD Short (2)USDCAD sell short as from my previous post spiked a bit before today's US FOMC news we are expecting at 2:00 PM EST. I have placed another short for USDCAD since we are phasing a major bull trend that has been building up for weeks prior to this news. I suggest placing in a short sell NOW prior to any news events occurring. ENTRY: 1.36880 TP 1: 1.35843 TP 2: 1.35345 TP 3: 1.34797 SL: 25-30 PIPS from your entry Please message me if you have any questions about this trade! Please enjoy your day and be sure to boost this post, follow this page, and comment what you want the next trade analysis to be! Thanks again from Aventura Holdings!
Short
by KingTraderFX
8
USDCAD Extends Rally as Strong US Labor Data Lifts the GreenbackThe USD/CAD pair continues its upward momentum, extending its rally to around 1.3645 during Tuesday's early London session. The recent surge in the US Dollar (USD) has been driven by stronger-than-expected labor market data released last Friday, which caused traders to reassess their expectations of aggressive Federal Reserve (Fed) interest rate cuts. The Nonfarm Payrolls (NFP) report showed a robust increase in employment figures, along with a decline in the Unemployment Rate, which has reduced the likelihood of more substantial rate cuts by the Fed. Investors now anticipate a more modest 25 basis points (bps) cut in the upcoming November meeting, rather than the previously expected 50 bps. This sentiment shift has provided a solid foundation for the USD to gain traction against its counterparts, including the Canadian Dollar (CAD). In our previous USD/CAD forecast, shared here: USD/CAD Rebounds from Demand Zone Bullish Continuation in Sight, we highlighted a key demand zone where the pair found strong support. As anticipated, the price rebounded exactly from our identified area, and we are now approaching our take profit target. Looking Ahead: Impact of Upcoming US Economic Data Tomorrow and the day after, significant US economic data releases are scheduled, including reports on inflation and unemployment claims, which could further impact the direction of the USD. A continuation of strong economic performance may push the USD/CAD pair higher, while any signs of economic weakness could lead to a brief retracement. Conclusion: Holding the Position for Further Gains Given the favorable technical setup and the strong support from recent labor data, we are holding our long position in USD/CAD. The upcoming economic releases will provide additional clarity, but for now, the momentum remains on the side of the US Dollar. A potential continuation of the bullish trend is in sight, with some volatility expected as traders react to fresh economic news. ✅ Please share your thoughts about USD/CAD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
3
USDCAD Buy ForecastUSDCAD New forecast👨‍💻👨‍💻 Note: Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business...... Set your own SL & TP. Please support this idea with a Like and COMMENT if you find it useful click "follow" on our profile if you will like these type of trading ideas delivered straight to your email in the future. Thanks for your continued support!! lemme know your thoughts in the comment sec...
Long
by King_CityStar_Fx
USDCAD ShortUSDCAD looks like a sell on the H4 and has been moving steadily down from my last entry in UC. I believe that there will be a potential double top move looking to move towards the 1.35800s towards the 1.35371 prior to a pullback or further breakdown of the pair. I am looking for this mainly to be a day trade, however, I will also be placing a swing trade for my other trading accounts to bare in mind to also use PROPER risk management. RSI also indicates that we are long overdue a major short and will see it within the next few candles how far USDCAD can go. ENTRY: 1.36595 TP 1 (Day Trade): 1.35371 TP 2 (Swing Trade): 1.34806 SL: 30 pips from entry Please message me if you have any questions! Please enjoy your day and be sure to follow our page!
Short
by KingTraderFX
3
USD/CAD Ready To Go Up Very Hard , Are You Ready ?Risky Long Setup On USD/CAD Depend On Price Action , Today Or Tomorrow It Will Go Up After Big Movement To Downside Without Any Correction . If We Have A Good Daily Closure Above This Supp And New Res , It Will Be A Good Chance To Buy It ! This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Long
by FX_Elite_Club
8
USD/CAD Fully Closed +400 Pips , Did You Enter ?All Our Trades On USD/CAD Hit Final Target , 0 Drawdown , Now i`m searching to find the best place to can sell it , will update it when i have a good entry . This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Long
by FX_Elite_Club
USDCAD View!!The dollar eased from near seven-week highs against major currencies on Tuesday after investors assessed the outlook for U.S. rate cuts, even as the conflict in the Middle East continues to support the currency's safe-haven appeal. The euro EURUSD inched 0.1% higher to $1.098575, not far from the seven-week low of $1.09515 hit last week. The pound GBPUSD edged 0.1% higher to $1.31005, after hitting a three-week low of $1.30595 on Monday. Traders have drastically shifted their expectations of monetary easing from the U.S. Federal Reserve this year. A strong jobs report last week gave credence to Fed Chair Jerome Powell's comments that the central bank would stick to its usual quarter-percentage-point rate reductions after it began its easing cycle with a big cut in September.
Long
by FXBANkthe8055