From our previous USDCAD AnalysisOur Yesterday's Gopher Setup Seems to be playing really well, Taking Out partials and leaving the rest with breakeven might not be a very bad idea afterall
CADUSD trade ideas
USDCAD - Reversal Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈As per our last USDCAD analysis (attached on the chart), it rejected the lower bound of the wedge pattern and traded higher.
As USDCAD approaches the upper bound of the wedge, as marked by the red circle, I will be looking for bearish reversal setups to confirm the bearish correction.
For now, we wait!⏱️
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USD-CAD Bullish Breakout! Buy!
Hello,Traders!
USD-CAD is trading in a
Strong uptrend and the
pair made a breakout of
The key horizontal level
Of 1.4180 and the breakout
Is confirmed so we are
Bullish biased and we will
Be expecting a further
Bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
How High Can USD-CAD Go? USD - CAD has been going up and is in a strong bullish trend according to Ichimoku signals.
Ichimoku:
-Tenkan Sen is avove Kijun Sen and pointing up
-Kumo is up, thick and Senkou Span A and B are pointing up
-Chikou Span is above the candles and has no resistance in the future
-Price broke Yellow focus lines to the upside
Price action:
-broke big inside bar to upside
-broke couple doj at resistance level
-broke resistance level
Price Target:
-Price reached n-target but could get tot V and E, because there are no signals of slowing down.
Weekly is also strong bullish.
*im a beginner trader and learning. I make these analyses for myself. Please comment on my analysis because i want to learn.
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Bearish drop?The Loonie (USD/CAD) is reacting off the pivot and could drop from this level to the 61.8% Fibonacci support.
Pivot: 1.4244
1st Support: 1.4177
1st Resistance: 1.4288
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USDCAD Sell IdeaUSDCAD
My Bias:11 Dec 2024
Reversal/Bearish Indications:
1-USDCAD moving inside the trend channel since Nov-2023
2-Price is respecting upper & lower trend lines strongly since Nov-2023
3-Lower trendline is being respected since July-2021
4-Formation of Crab Reversal Harmonic Pattern and PRZ along with bearish divergence on DTF
5-Formation of BAT Reversal Harmonic Pattern and PRZ along with bearish divergence on 1HTF
6-Currently, Price is hesitant to cross strong weekly resistance & supper trendline of 1.41883.
7-DXY index is extremely bullish
8-94% traders are short on sentiments (Strategy-2)
9-BOC cut 0.50 BPS rate from 3.75 to 3.25 which means CAD will bearish furthermore.
But the important observation is that CXY is extremely bearish currently. If CXY doens't shows the signs of bullish reversal then there are chances that USDCAD will breaks the upper trendline and may continue upward furthermore.
Note: I am taking this trade even CAD is becoming weak but Crab on DTF & BAT on 1HTF with divergence, Strong resistance, 94% short sentiments convincing me to short this pair.
USDCAD Long Updateusdcad long pattern as flag and pole on 1h time frame posted on 28 November. Final TP is near and 1st TP hit
correctionA corrective and fluctuating trend is expected to form and proceed to the specified Fibonacci levels. Then the upward trend will likely continue
USDCAD H4 | Bearish Drop?Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 1.4242, a resistance that aligns with the 161.8% Fibonacci extension
Our take profit will be at 1.4185, a pullback support.
The stop loss will be placed at 1.4265, which is a swing-high resistance.
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USDCAD Trade Idea👀 👉 USDCAD has shown impressive momentum, rebounding strongly from a key support level. Im looking for a long entry targeting the previous highs as shown in the chart 📢 *Disclaimer: This content does not constitute financial advice.
USDCAD: Excellent short term buy opportunity.USDCAD is heavily bullish on its 1D technical outlook (RSI = 67.681, MACD = 0.007, ADX = 22.105) as it trades inside a Channel Up, supported by the 4H MA50. The 4H MACD is forming a Bullish Cross and in the past 2 months this has been a strong bullish signal. In line with the previous bullish waves, we are aiming for a +2.60% rise from the bottom (TP = 1.42850).
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USDCAD- LONG & SHORT PLANs Based on sentiments and charting pattThere are two Trade Plans;
LONG : If the neck line is broken, we can go for buy opportunity
Evidences: AB=CD pattern , Formation of Cup and Handle pattern
SHORT : Due sentiments and formation of bearish divergence on 4h time frame rejection candle (Shooting star) on strong 1h time frame. if the support is broken, we can look for sell opportunity.
USDCAD | 11.12.2024SELL 1.41850 | STOP 1.42400 | TAKE 1.41000 | Pattern correction from local maximum price range.
Bid and Ask ExplainedDo you know what Bid or Ask means? If you’re a trader, you should keep reading if these terms sound unfamiliar to you, or you are unsure. After all, they are the terms used to explain the buying and selling process within markets.
Let’s get started! When you look at a tradable financial market, you'll notice two prices listed: the bid and the ask. Here's a quick guide to help you understand these core concepts:
1. Bid : the price at which you can sell (this is the price where someone is “bidding” to buy it at).
2. Ask : the price at which you can buy (this is the price where someone is “asking” to sell it at).
The bid price is always lower than the ask price. This is just Business 101, as buyers are trying to get a better deal than sellers. So, they bid lower than the ask.
What is Spread?
The spread is the difference between the bid and the ask prices. It's essential for calculating your potential profit or loss from a trade.
Example : If EUR/USD is trading at 1.1259, the bid might be 1.1257 and the ask 1.1260. To buy EUR/USD, you would enter at 1.1260. For any profit, the bid price must rise above 1.1261. If EUR/USD moves up two pips to 1.1261 but the bid remains at 1.1259, you would break even.
Understanding these basics can help you make more informed trading decisions. Happy trading!
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Optimism for the Gopher or its smoke and mirrors?USDCAD seems to be continuing with its long term Bullish trend. Is this some kind of a trap or its indeed on ascension?
#USDCAD 4HUSDCAD 4-Hour Analysis
The USDCAD pair is forming a wedge pattern on the 4-hour chart, with price action showing signs of bearish pressure near the resistance area. Additionally, a sell engulfing candlestick has appeared, reinforcing the likelihood of a downside move. This confluence of bearish signals provides a potential sell opportunity.
Technical Outlook:
Pattern: Wedge and Sell Engulfing Area
Forecast: Bearish (Sell Opportunity)
Entry Strategy: Enter a sell position upon confirmation of continued bearish momentum, such as a break below the wedge's lower boundary.
Traders should watch for additional confirmation through bearish indicators like RSI showing overbought conditions or MACD signaling a bearish crossover. Implement proper risk management by placing stop-loss orders above the sell engulfing area and targeting key support zones below the wedge.
USDCAD_1D&1W_BuyAnalysis of the Canadian dollar economy Elliott wave analysis Mid-term and long-term time frames According to the data of the chart, the trend is still upward and the US dollar can gain value in relation to the US dollar, and due to the drop of the Canadian dollar, it is necessary for the wave length to end and Canada to get out of the difficult situation. The market can complete its ascent in five waves, which is currently in the five big waves. If the Bank of Canada does not take action and the price does not return below 1.40000
The trend can continue to rise towards 1.45300 and again a short correction and again continue to rise towards 1.51500 Good luck for the difficult conditions of the great country of Canada
USDCAD- shortUSDCAD seems to be making wave c of a correction. Overall USDCAD should start making a larger pullback on daily or H4.
USD/CAD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
The BB upper band is nearby so USD-CAD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.405.
✅LIKE AND COMMENT MY IDEAS✅
USDCAD forming bearish wedgeThe USDCAD looks to be forming the bearish wedge and opening a short position is profitable. With first target 1.41 and second the 1.40.
USDCAD SELLusdcad sell stop, placed at the breakout of the 15min support on which we place sell stop order. as the usdcad is countinuously bullish and there is a little retracement is pending so its time to sell the pair , and we hope this setup will perform as we mentioned inshallhaa
CAD/USD 15-Minute Analysis: Head & Shoulders BreakoutCAD/USD 15-Minute Analysis: Head & Shoulders Breakout
On the 15-minute time frame, CAD/USD has formed a Head and Shoulders pattern, and the price has broken below the neckline trendline, signaling potential bearish momentum. Here's my idea:
Entry:AT 0.4146$
Target: The next significant support level, marked in the green zone.
This pattern suggests further downside, but as always, manage your risk carefully and monitor price action as we approach the target zone.
Let me know your thoughts and share your analysis below! 👍
