USDCAD TODAYStill up for me.
I take one order now and I add one more if price go down.
SL and TP is add
CADUSD trade ideas
USDCAD - Dump n Pumps - Buy Setups Look at price reaction(closed candles)as China session opens. If price reaches below the 50% Fib level (15min-chart white - minor structure), look for China to create that LOD to push price back up to HOD. The Gap Time(orderflow)to either work into China's LOD or take it when London session opens for the rise back up to create a new London HOD. Overall look for your buy setups. NY session also.
USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around USDCAD for a buying opportunity around 1.39200 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.39200 support and resistance area.
Trade safe, Joe.
USD/CAD:Dynamics Ahead of the US Election BOC DecisionsDynamics Ahead of the US Election and Bank of Canada Rate Decisions
As the United States approaches its pivotal presidential election, the US Dollar (USD) is experiencing downward pressure. This uncertainty is impacting the broader market sentiment, leading traders to adopt a cautious stance. However, the upward trajectory of US Treasury yields may provide a buffer against further declines in the dollar’s value. Currently, the US Dollar Index (DXY), which gauges the dollar's strength against six major currencies, is trading around 103.80. At this moment, the yields on 2-year and 10-year US Treasury bonds stand at 4.17% and 4.30%, respectively, indicating investor confidence in longer-term government debt.
Turning to Canada, the Bank of Canada (BoC) is gearing up for its final monetary policy meeting of the year in December, where a significant rate cut is widely anticipated. BoC Governor has signaled the possibility of a reduction by as much as 50 basis points (bps). This potential lowering of interest rates could influence the Canadian dollar's valuation and the overall economic landscape.
From a technical perspective, the market shows signs of a bullish seasonal trend; however, the latest Commitment of Traders (COT) report suggests the potential for a price drop, particularly in alignment with identified supply zones. As we navigate through these evolving conditions, the outcome of the US election will likely have profound implications for currency movements and economic policies in the coming days. Traders will need to stay vigilant as these developments unfold, shaping market dynamics in both the US and Canada.
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USD/CAD To Turn? Short Side CaseUSD strength has persisted post strong economic data.
FED rate cut bets have dropped opening up the door to rises, in comparison with the BOC cycle (quicker easing). Growth looking to have flatlined in Canada also not helping.
Looking for follow through on any price rejection. Technical case for shorts has been around for 2 years or so and these areas have been sustainable. Clear long side profit taking.
Short side bias taken as Market awaits sentiment. Potential Post NFP.
Shark pattern counts complete and into the 5-0Cd$ setting up for a push down to 13650-70 in a 5-0 continuation from the completed shark pattern .
USDCAD: TIME TO SHORT?Price is slowly aproaching the weekly resistance and ir seems highly likely that price will react bearish from that zone. Either during NFp or after NFp. watch price action on lower time frame to get your entries. Good luck.
disclaimer; this is not financial advice, just my view on how the market is likely to behave.
USDCAD Sell signal on the 2 year ResistanceUSDCAD is about to hit the 2 year Resistance of the October 13th 2022 High.
The price is on its highest level since and with the 1D MACD having formed a Bearish Cross, we are on the ideal sell entry.
Sell and target the 0.618 Fibonacci level at 1.34250.
Previous chart:
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USDCAD forecast in 15 time frameAlthough you shouldn't forecasting in the financial markets, especially Forex , and you should make decisions according to the dashboard and fundamental and technical data, but i like to make predictions!
I think the ceiling and floor of the weekly channel and based on the growth of the SP500 index and the downward trend of the DXY index until the end of the week, I hope something like this will happen.
USDCAD ForrexThe chart is printing a Bullish Trend with HH and HL with no Divergence .
The Entry point will be 1.39213 and the Stop Loss will be 1.38891
Entry Point:1.39213
Stop Loss:1.38891
Lot Size:0.43
TP1:1.39539
TP2:1.39877
Is USDCAD ready for a shift? Watch the resistance zone!USDCAD is approaching a critical resistance zone between 1.39 and 1.396. Despite the upward price movement appearing persistent, it seems unsustainable, indicating a potential downside move toward the 1.37 to 1.38 range. As long as USDCAD remains below 1.396, the potential for a downward shift is likely.
USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.39000 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.39000 support and resistance area.
Trade safe, Joe.
#USDCAD 1DAYUSDCAD Daily Analysis
The USDCAD pair is currently testing a significant resistance level on the daily chart, which has previously acted as a barrier, preventing upward movement. This resistance level suggests potential downside pressure, providing a favorable setup for a sell opportunity if the price fails to break through.
Technical Outlook:
- Pattern: Resistance Level
- Forecast: Bearish (Sell Opportunity)
- Entry Strategy: Consider selling near the resistance level
Traders may look to enter a sell position around this resistance area, with targets set at key support levels below. Confirmation from indicators like RSI indicating overbought conditions or MACD showing bearish divergence can strengthen this setup, reinforcing the bearish outlook for USDCAD.
USDCAD h4 | Bullish Bounce Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.3867, which is a pullback support that aligns with a 61.8% Fibo retracement.
Our take profit will be at 1.3934, a pullback resistance.
The stop loss will be placed at 1.3809, which is a swing-low support level.
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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. 64% 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. 66% 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
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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.
USDCAD_4Hhello
Canadian dollar currency pair analysis
Elliott wave analysis style
The market is in five ascending waves, and we are currently in the 3rd wave, where the final target can be considered as 1.40000.
The bottom of wave 4 can be considered as 1.38000.
We buy downward corrections.
Short Opportunity on USDCAD According to Previous Analysis on 4h time frame
According to Divergence ON CCI
According to Price Action
According to uptrend channel + Resistance level
USDCAD Sell Second leg H4Hi Everyone!
Please consider selling USDCAD now, its been in a mega uptrend, but has formed a solid second leg on H4, which makes me believe it might be time for a pullback.
TVC:DXY also seems to be pulling back to the short side.
USD/CAD For Bullishyou can go long now
or
wait for pull-back at entry point and then go long
- General Trend is Up Trend
- Price Break Current Resistance at Red Arrow
have fun :)
USD CAD Bearish viewExpecting USDCAD to fall from this level. Entry would be after the reversal pattern formed in that area.
This is just for an educational purpose only.
USDCAD H4 | Bullish Bounce Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.3867, which is a pullback support close to 61.8% Fibo retracement.
Our take profit will be at 1.3934, a multi-swing high resistance.
The stop loss will be placed at 1.3809, which is an overlap support 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. 64% 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. 66% 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.
USDCAD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis 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 page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
