A POSSIBLE SELL SET UP ON USDCADUSDCAD is reacting on a strong resistance and its all time high .lets wait for the break of the trend line and retest to figure out our sell entry.
CADUSD trade ideas
"The Fibonacci Pulse" technique learned after several years
In whispers soft, the market sings,
Of rising tides and flighty wings.
A Fibonacci swirl foretold,
The bulls rise bold, their story told.
But shadows loom where traders frown,
Whispers speak of plunges down.
Retracements keen, resistance bare,
A market’s breath laid fully bare.
Like waves that crest and fall anew,
The charts recount their rhythmic cue.
A bounce foretold, yet downward stare,
The cadence of the market's care.
So watch the lines that traders know,
And heed the ebb where currents flow.
For in the charts' poetic grace,
The rise and fall finds its own space.
usdcad longingI expect USDCAD longing from this demand zone to the target price.
this is 1 to 16RR projection.
Trade Recap (USDJPY & USDCAD) 15 Jan 2024Hello, in this video I am going through my recent positions on USDJPY and USDCAD. Both were missed positions and I hope to learn from them.
USDCAD Sell positionusdcad ( 4H / 1D )
Market Price: 1.44055
Sell now : 1.44055
Tp1 : 1.42310
Tp2 : 1.41290
TP3: 1.40000
Sl : 1.44740
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ❤️
Remember this is a position that was found by me and it is a personal idea not a financial advice, you are responsible for your loss and gain.
Short trade
Pair USDCAD
Sellside
Mon 13th Jan 25
10.30 am
Tokyo Session PM
Entry 1.44198
Profit level 1.43200 (0.69%)
Stop level 1.44340 (0.10%)
RR 4.96
Reason: Observing price action since the 7th of January and reaching a pivotal supply level on the 30-minute TF seemed indicative of a Sellside trade.
USDCAD ahead of CPIagain i see another oppurtunity ahead of CPI. I won NFP now lets win CPI scared money don't make money
4-hr USD/CAD: A Set up for 100 Pip JumpThe Dollar remains strong, with buyers firmly in control since the Fed's December comments hinting at fewer 2025 rate cuts. This drove a 400-pip rally in USD/CAD, now facing resistance near 1.4450 as early buyers take profit. Corrections are part of healthy trends, and the pair is testing support at the 23% Fibonacci retracement. A dip below this level toward 38.2% Fibonacci is possible.
For an optimal risk-reward setup, we prefer buying near 1.43, targeting a rise toward or beyond 1.44. This view is reinforced by the Golden Cross—a strong buy signal indicating upward momentum.
However, CPI data today could shift dynamics. If inflation falls short of expectations, the USD might face a deeper correction toward 1.42, aligning with the 50% Fibonacci retracement level.
#USDCAD 1DAYUSDCAD (1D Timeframe) Analysis
Market Structure:
The price was supported by a trendline, but after forming a consolidation range near this Resistance, it has broken down, indicating potential bearish momentum. The breakdown suggests that the buyers were unable to hold the trendline, and selling pressure has increased.
Forecast:
A sell opportunity is anticipated as the breakdown below the trendline and range indicates a shift in market sentiment toward the downside.
Key Levels to Watch:
- Entry Zone: Consider entering a sell position after a retest of the broken trendline or consolidation range as resistance.
- Risk Management:
- Stop Loss: Placed above the retest level or recent swing high to manage risk.
- Take Profit: Target the next support levels or Fibonacci retracement areas for potential downside targets.
Market Sentiment:
The breakdown of the trendline support signals bearish sentiment, with further downside likely if the price remains below the retest level. Proper confirmation is recommended before entering the trade.
USDCAD Best sell opportunity in 5 years!The USDCAD is standing on unique grounds as it is just below the 9-year Resistance Zone and is consolidating. Last time it hit this Zone was on the week of March 16 2020 and as you can see it got brutally rejected.
Both the January 18 2016 and March 16 2020 tops have similar 1W RSI patterns and after their rejection, the price's first stop was on the 0.236 Fibonacci level. As a result, our Target is 1.26000 on this unique long-term sell opportunity.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Potential bullish rise?The Loonie (USD/CAD) has reacted off the pivot which acts as an overlap support and could rise to the 1st resistance which has been identified as a pullback resistance.
Pivot: 1.4342
1st Support: 1.4323
1st Resistance: 1.4382
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USDCAD focuses on bullish GartleyOn the 4-hour chart, USDCAD is currently running at a high level, and the overall trend is oscillating. At present, we can pay attention to the potential bullish Gartley pattern, and the buying position is around 1.4316. At the same time, this position is in the previous demand area.
US DOLLAR WEAKENING WHILE CANADIAN DOLLAR STRENGTHENING!With USD/CAD showing weakness, the pair is likely to fall and revert to its mean.
N.B!
- USDCAD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#usdcad
#dollarindex
#canadiandollar
USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.43200 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.43200 support and resistance area.
Trade safe, Joe.
USD_CAD WILL GO UP|LONG|
✅EUR_USD is trading in an uptrend
Along the rising support line
Which makes me bullish biased
And the pair is about to retest the rising support
Thus, a rebound and a move up is expected
With the target of retesting the resistance above at 1.4440
LONG🚀
✅Like and subscribe to never miss a new idea!✅
AUD/CAD Consolidation: Key Levels to Watch for a BreakoutAUD/CAD is currently trading within a symmetrical triangle pattern, moving sideways between the green support zone and the red resistance zone.
The lower rising trendline is providing strong support as the price approaches the apex of the pattern.
Stay tuned for a potential breakout above the red resistance zone.
DYOR, NFA
Evening Forecast 14/01/2024 (DXY & TOP 6)Hello! this is my evening forecast on 14/01/2024 (DXY & TOP 6). Please do let me know your thoughts.
USDCADUSDCAD is in bearish trend.
Potantially printing LH and LL.
No sign of reversal here.
Bearish continuation Flag pattern also form.
we wait for the breakout of flagpole.
BUY TREND in USDCAD market, it's consolidate in a range....📈 USDCAD Price Forecast 📈
The USDCAD market is currently consolidating within a range, positioned at a supply zone. The direction will depend on whether buyers or sellers take control at this critical level.
📌 Bullish Scenario:
Buyers are gaining momentum, as indicated by the break above the 50 EMA and increased buying volume.
If buyers dominate, a breakout above the supply zone is expected.
📌 Bearish Scenario:
If sellers take charge at the supply zone, the price will likely break down below the 50 EMA, heading toward the demand zone.
A bounce from the demand zone could lead to a renewed bullish move.
🎯 Technical Target Levels:
- 1.4460
- 1.4520
- 1.4580
📌 Key Highlights:
- Consolidation phase with potential for breakout or breakdown.
- Watch for price action around the supply zone and 50 EMA for clear direction.
- Volume indicates current buyer strength, but sellers could still influence the market.
✅ Stay Informed and Ready!
Like, comment, and follow for precise updates and forecasts.
Don’t miss the next big move—be prepared with actionable insights! 🚀
📢 Join the trading community for expert analysis and consistent success!
#USDCAD #ForexTrading #TechnicalAnalysis #TradingSignals
Bearish reversal off 61.8% Fibonacci resistance?The Cable (USD/CAD) is rising towards the pivot which liens up with the 61.8% Fibonacci retracement and could drop to the 1st support.
Pivot: 1.4403
1st Support: 1.4340
1st Resistance: 1.4442
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Canadian Dollar Rises Amid Tariff Concerns and Oil GainsHello,
FX:USDCAD : The Canadian dollar slightly rose against the U.S. dollar, with bond yields reaching multi-month highs, partly recovering from recent declines due to U.S. trade tariff threats. The loonie traded at 1.4405 to the U.S. dollar, recovering from a near 5-year low in December. Concerns about potential U.S. tariffs and their impact on the Bank of Canada have influenced the market. Despite strong job data in December, investor confidence in further BoC rate cuts has waned. Speculators have increased bearish bets on the Canadian dollar. Meanwhile, the U.S. dollar gained against major currencies as expectations for Federal Reserve rate cuts diminished. Oil prices rose 2.9% to $78.82 per barrel due to anticipated U.S. sanctions on Russian oil. The Canadian 10-year yield increased to 3.507%, marking its highest level since July 9.
For this pair a bearish reversal is still anticipated in the near future!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
SHORT in USDCADHello fellow traders,
We have witnessed a notably bullish trend in the USD over the past few weeks. However, I am anticipating a significant correction soon. Based on technical analysis and the recent rise in oil prices, I am considering opening a short position on USDCAD.
What are your thoughts on this strategy? I would appreciate any insights or opinions you might have.
USDCAD PullbackThere is some key econ data coming out this week. Looking to short into key Fib levels before looking for longs again. The dollar is very strong, however I believe is over extended a a pullback is next before we see higher highs.
