USDCAD showing weaknessUSDCAD on one hour chart has printed ist lower high after continuous uptrend price has stop rising which indicates that trend might change from this point good opportunity to sell at current price.
CADUSD trade ideas
USD/CAD H1 | Resistance at 50% Fibonacci retracementUSD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.3789 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 1.3820 which is a level that sits above the 61.8% Fibonacci retracement.
Take profit is at 1.3740 which is a multi-swing-low support.
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USDCAD SELLUSD/CAD Trade Analysis
• Overview: Since the end of September, USD/CAD has been in a strong uptrend, with a significant rally that continued into October. The pair is now approaching a key resistance level that has been in place since 2022.
• Weekly Timeframe: A large rejection candle has formed at this resistance level, indicating potential selling pressure and a possible reversal.
• Daily Timeframe: The price action has already started to shift, with bearish candles appearing, suggesting the beginning of a pullback or trend reversal.
Trade Setup:
1. First Position:
• Entry: Short position with the stop loss placed above the weekly resistance high.
• Risk-Reward Ratio: 1:1, targeting a move down while aiming for a conservative profit.
2. Second Position:
• Entry: A more aggressive short position based on the 3-hour timeframe, with the stop loss set above the high from October 15th.
• Risk-Reward Ratio: 1:3, aiming for a higher potential reward while accepting higher risk due to the tighter stop.
The two trades are structured to capture potential downside movement from this major resistance zone. Let’s see if the rejection at this level triggers a reversal as expected.
SELL!! USDCAD HAS REACHED A WEEKLY INTEREST AREAHELLO TRADERS, I AM CURRENTLY INTERESTED IN USDCAD FOR THIS WEEK I HOPE YOU LIKE THE IDEA AND COMMENT WHAT YOU THINK.
TECHNICAL ANALYSIS
CONFLUENCE FOR SALE AT THE MOMENT
1.- bullish weekly time frame
2.- we are in a zone of weekly interest
3.- we are in an area of daily interest
4.- rejection candle in the 4 Hr time frame
why do I like it?
The price has reached an area of weekly and daily interest where the price has been rejected repeatedly before on the weekly and daily chart, and on the 4-hour chart there is a bearish rejection candle which could give us a turn in the price.
I will wait for the chart to show me more confluences before entering a trade, I will wait for the daily chart to give me a daily rejection candle followed by that I will wait for the 4 hour chart to become bearish breaking the highest low with a full-body bearish candle below the highest low to later wait for a pullback and enter a trade.
If you like the idea, comment, I will respond to suggestions and comments!!
USDCAD Sell SetupTime Frame:
- Daily: (FVG Identification)
1. Trend Confirmation:
Identified a Change of Character (CoC) by the break of the previous support at 1.360, indicating a reversal in market sentiment and a new bearish trend.
2. Fair Value Gap (FVG):
On the daily chart noted a Fair Value Gap (FVG) between 1.3810 and 1.3790. The price was rejected in the area, which marked as a potential reversal zone.
3. Trade Execution
Entry Price: 1.3750
SL: 1.3810 (above Daily FVG)
TP1: 1.3435 (previous low)
TP2: 1.3120 (1.618 Fibonacci)
Risk-Reward Ratio (RRR): 1:10
5. Outcome:
Exit Price:
Profit/Loss: pips
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Disclaimer
The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Daily USDCAD Bearish CURCTThis is a high probability bearish complex union ricochet trade. The blue dashed line is the left wing on the bullish pattern I am anticipating. I am trading the CD leg into my downside target area.
USDCAD ChartUSDCAD Chart
There is Bullish trend but we observe bearish divergence, So we open sell trade at the (BOS) i.e break of last HL
USDCAD: Post US election selloffUSDCAD seems to have created its pre-US election peak. The drop forecasted could see it heading down about 5% in 2025
USDCAD SELL TF H1 TP = 1.3670 On the H1 chart the trend started on Oct.15. (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 1.3670
This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.”
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
USDCAD Sell Waiting don't rush USDCAD wait zone sell. SL line yellow.
Good luck.
**Forex Analysis Disclaimer**
This analysis is intended for informational purposes only and should not be considered investment advice. I utilize technical analysis as the basis for decision-making and do not focus on fundamental analysis. Forex trading involves high risk and can result in losses. It is advisable to conduct your own research and consult with a financial advisor before making any trades. I am not responsible for any losses that may arise from the use of this information.
Correction A corrective trend is expected to form up to the specified support range. Then, according to the behavior of the price in the support range, the continuation of the corrective process will be likely
USD/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
Previous week’s green candle means that for us the USD/CAD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.356.
✅LIKE AND COMMENT MY IDEAS✅
USD/CAD Rebounds from Demand Zone: Bullish Continuation in SightThe USD has shown a strong and positive response to today's economic news, signaling potential for further gains. After a temporary pullback yesterday, the Dollar is now demonstrating resilience, looking ready to recover and continue its bullish movement. This performance aligns well with our previous market analysis, where we anticipated a potential surge in the USD/CAD pair. After the pair found solid support at a key demand area, it now seems primed for an upward continuation.
From a technical perspective, the rebound on the demand zone has set a solid foundation for further growth. This area has proven to be a reliable point of reversal in the past, and the pair's recent price action suggests a renewed bullish momentum could be unfolding. The USD/CAD pair’s ability to hold above this critical zone increases the probability of a sustained upward trend in the days to come.
Adding to the technical picture, the COT (Commitment of Traders) Report reflects a market sentiment that favors the USD. According to the report, large institutional players have been positioning themselves in favor of the Dollar, while retail traders appear to be on the opposite side of the trade. This divergence between the smart money and retail positions is often a key indicator of a potential continuation of the trend. As institutional traders continue to build bullish positions, the likelihood of further upward movement in USD/CAD increases.
Additionally, seasonal patterns for this currency pair are historically aligned with periods of strength for the USD during this time of year. Over the years, USD/CAD has shown a tendency to rise during similar market conditions, adding another layer of confidence to the bullish outlook. While seasonality alone is not a decisive factor, when combined with strong technical and sentiment indicators, it provides valuable insight into the market’s potential direction.
Overall, the combination of technical analysis, market sentiment, and seasonal trends suggests that the USD/CAD is in a favorable position for continued growth. Traders looking for long opportunities may find this to be an ideal setup, especially as the pair navigates through what appears to be the beginning of a bullish momentum. As always, keeping a close eye on upcoming economic data and market events will be crucial in confirming the strength of this potential trend.
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Read The USDCAD MarketLet's Look at USDCAD Price Actions and find some Trade Opportunities, Good Luck With Your Trades <3
USDCAD Strong BearishMy 3 reasons to expect bearish:
-Tweezer top pattern on daily which is strong pattern,
-It's rebound from OB area also on daily
-It's rebound from previous resistance
Technically all condition is available to support bearish but the dollar index is still bullish. If index not close over 103.36 this will support my idea.
USDCAD SHORT-TERM SELLPrice may likely drop down to 1.3737 price traded high yesterday after the release of Canada inflation rate. I anticipate a sell off from the current price. Target is 1.3737
USDCAD Short Fakeout TradeUSDCAD Short Fakeout Trade
In the Asian session we close above the Previous Weekly High and Asian open price and then returned below, waiting for push down.
Stop Loss 10 pips above the zone: 1.37914
Take Profit: 1.37593
1. R:R 1:1, 0.5% Risk
2. After reaching TP closing half and moving SL to Breakeven
3. Trailing the rest with market structure on M15 and later H1
Close the loser before hitting full SL if price moves back to the breakout level without follow-through.
Close the winner if a reversal signal forms (e.g., engulfing pattern, pin bar), especially on higher timeframes like H1.
USDCAD H1 I Bearish reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 1.3801, which is a pullback resistance
Our take profit will be at 1.3739, a swing-low support level close to 23.6% Fibo retracement.
The stop loss will be at 1.3854, above swing high resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USD/CAD generates sell signal after massive winning streak The USD/CAD epic winning streak is over, delivering an obvious topping signal on Tuesday.
There’s a couple of options available to traders: the first would be to sell now with a stop either above 1.3792 or Monday’s high of 1.3806. Possible targets include 1.3700 or 1.3647, depending on the risk-reward ratio you’re looking for.
The other would be to wait for a potential push towards 1.3792, allowing for a stop to be placed above Monday’s high or 1.3839 for protection. Targets would be identical to option one.
Momentum indicators have yet to confirm the price signal, but may encourage more traders to join the move if they too are triggered.
With no major data set for release in the US or Canada or Wednesday, traders may begin looking towards the US jobless claims, retail sales and industrial production reports on Thursday.
As I’ve discussed in the note attached, it would not surprise to see another ugly jobless claims report given disruptions caused by Hurricane Helene and Milton on the US Gulf states, creating downside risks for US bond yields and dollar.
Good luck!
DS
Bearish drop?USD/CAD has reacted off the resistance level which is a pullback resistance that lines up with the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.3787
Why we like it:
There is a pullback resistance level that lines up with the 23.6% Fibonacci retracement.
Stop loss: 1.3826
Why we like it:
There is a pullback resistance level.
Take profit: 1.3749
Why we like it:
There is a pullback support level that aligns with the 23.6% Fibonacci retracement.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
USD/CAD Hits 1-Month High, Bullish Continuation ExpectedHello,
FX:USDCAD pair has experienced a significant rise, reaching a new one-month high at 1.38387. Further bullish movement is anticipated, with the expectation of continued upward momentum if the price can break and hold above this recent high. Current data and market sentiment support the likelihood of this continuation.
TradeWithTheTrend3344
