CADUSD trade ideas
10/8/24 - USD/CAD SHORTprice above ema on multiple higher time frames but there is counter trend short forming.
will only consider a long position if price breaks above the noted zone.
will continue to monitor for the BOS to confirm short for NY session.
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.
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.
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.
USD/CAD Poised for Key Resistance Test and Potential BreakoutHello,
The USD/CAD has experienced significant upward movement recently and is positioned for further gains. Key resistance levels on the 1-month and 1-year charts are likely to be tested. If the price settles above these levels convincingly, we could see continued upward momentum. However, if it fails to hold, we may see further tests of support levels.
TradeWithTheTrend3344
UC SHORTSlooking for a repeat of prior shorts to take place/ decent looking setup with good R.R if it plays out
USDCAD 2-hour cycle short sellingThe first target is to look around 1.35270,reduce the size of the warehouse by half,and promote protection.
Look around 1.34222 for the second target position,then halve the position and push for protection.
If the price does not break a new low in the later stage,find opportunities to enter the market and go long.
USDCAD Prime rejection on a double top and a Death CrossUSDCAD hit the 0.618 Fibonacci level of the 2 year Rectangle pattern and so far is on a Double Top.
The 1day MACD is forming a pattern similar to a previous 0.618 Fib Double Top in May 2023.
In the meantime, a 1day Death Cross is formed, exactly like on June 1st of that previous Double Top pattern.
This is a strong bearish mixture and on all cases the target has been at least the 0.236 Fib.
Sell and target 1.33000.
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Why I'm Going Short on USDCAD: Analyzing Market ConditionsKey Reasons for a Bearish Outlook
1. Economic Differences: The U.S. economy is doing well, showing strong growth, while Canada’s economy is struggling. This usually strengthens the U.S. dollar against the Canadian dollar.
2. Oil Prices: Canada’s currency is closely tied to oil prices. If oil prices stabilize or drop, it could weaken the Canadian dollar further, especially since Canada’s economy isn’t performing well.
3. Central Bank Policies: The U.S. Federal Reserve might lower interest rates, which could attract more investment into the U.S. dollar. Meanwhile, the Bank of Canada is likely to stay cautious due to weak economic data.
Given these factors, I believe there’s a good chance for USDCAD to move lower. I’ll be using probabilities to guide my short positions and manage risk effectively.
Feel free to share your thoughts and ideas in the comments below!
12M:
On the 12M timeframe, there is insufficient data available. Therefore, we will move to lower monthly timeframes to identify a valid range and look for FB mitigation.
1M:
1D:
1H:
USDCAD: Short Trading Opportunity
USDCAD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short USDCAD
Entry Point - 1.3607
Stop Loss - 1.3642
Take Profit - 1.3535
Our Risk - 1%
Start protection of your profits from lower levels
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USDCAD OverviewThere’s a bit of a range forming between two key Order Blocks (OB), and both sides seem to have a case. On the bullish side, price could move up to the OB around 1.3720, where I expect strong resistance to come into play. That could present a solid area to look for shorts if the market reacts as expected. On the other hand, if we see a failure to hold current levels, price could drop towards the lower OB around 1.3480. This area might attract buyers, and it would be a good place to watch for potential long entries. The key here is waiting for price action around these levels to guide the next trade.
OANDA:USDCAD
UsdCad Longterm - ShortFollowing the Fed's surprise rate cut, we expect a decline in the dollar. The rise brought by last week's non-farm payrolls and hourly earnings creates a selling opportunity. We expect a gradual decline towards the 1.31 level in USD/CAD. You can follow the analysis for intermediate levels and the correction movements we anticipate. Intermediate level updates will follow
usd cad the USD/CAD currency pair has formed a Head and Shoulders pattern and has broken out to the upside, some traders might interpret this as a bullish signal for the pair. However, it's important to remember that technical analysis is not foolproof and should be used in conjunction with other forms of analysis and risk management techniques.
USDCAD ON BUYSIDEUSDCAD on strong uptrend since last week Wednesday.
When the market reversal to this point where I marked up the zone.
I am looking for a strong rejection candle before I take a trade.
If I cant find that , I will avoid this trade.
Always do your our analysis before you take the trade.
Its a 1:3 RR trade. Monday trade wait until NY open.
USD/CAD H4 | Heading into swing-high resistanceUSD/CAD is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.3634 which is a swing-high resistance.
Stop loss is at 1.3718 which is a level that sits above the 127.2% Fibonacci extension level and an overlap resistance.
Take profit is at 1.3539 which is an overlap support.
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Check the trend It is expected that the price will change the trend in the current resistance range and we will witness the beginning of the downward trend. By crossing the resistance range, it will be possible to continue the upward trend until the next resistance range
Pullback resistance ahead for the Loonie?The price is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level which is an overlap support.
Pivot: 1.3616
1st Support: 1.3543
1st Resistance: 1.3688
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USDCAD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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USDCADWe looking for buying opportunities as the market is still inside the bullish trend we are waiting for a correction then impulses of buys to the upside- 1H TIMEFRAME
USD/CAD Analysis mallicastThe Mallicast team has been forecasting a bullish trend for the USD/CAD pair for several weeks, and this upward momentum remains intact. Considering key economic factors such as U.S. and Canadian monetary policies, along with changes in the oil market, which directly impacts the Canadian dollar, we continue to anticipate further upside in this currency pair. Our analysis suggests that the strengthening of the U.S. dollar against the Canadian dollar will persist in the near term, unless there are significant shifts in macroeconomic conditions.
