Possibility of uptrend As long as the price fluctuates above the green support zone, the uptrend is likely. Crossing the resistance range will confirm the upward trend Longby STPFOREX1
USDCAD IDEAUSDCAD SELL IDEA On daily time frame there is broke of structure @1.35870 .And in H4 i marked the suppler zone also in a lower time 30MIN the suppler also so our zone for the suppler will be at 1.35823-1.36026 where we can still see the suppler still strong Longby ericelifyose3
USDCAD EYES OPEN ON THE SHORTIn the last few weeks we have had a huge CAD sell-off, all the various high TF oscillators are showing an advanced oversold state, The dollar is still holding strong, despite everything that is happening. All this makes me think we are close to a reversal, I will carefully observe these areas to position my shorts.Shortby jamesbond70Updated 5
USDCAD - Make CAD Great AgainWith the world reopening, Canada will keep bringing in those black gold profits thus strengthening the CAD relative to the USD, which gaining power due to being the financial "central" currency. A second wave of Covid-19 seems to be less likely day after day and this will help a lot to boost consumer confidence which goes hand in hand with consumer spending. So, we can expect a good recovery in general businesses overall, pushing up the major indexes like US30, NAS100 , GER30 etc which are usually correlated, positively, to pairs of the type XXX/USD, this mean, if one major index goes up, so are the other major indexes and so are the major pairs! This being said, if XXX/USD goes up with a overall economic recovery, pairs like USD/XXX should go down and this brings me to USDCAD . USDCAD used to roam the area between 1.24 and 1.36. As of right now we are on a descending triangle of the major timeframes. A break from this triangle to the downside, could push us towards 1.36 area over the next few weeks / months. I am personally looking for this break to the downside, I have intentions to hold a position for quite some time on this one.Shortby TradingAdventuresUpdated 1110
Usdcad buy position setupChecklist: 1. Trend- Bullish 2. Momentum breakout☑️ 3. Fair value gap ☑️ 4. Liquidity sweep- Demand zone took out fvg before expansion☑️ 1st target: Previous high Longby ZIPHO671
Extended downside movement. LongAnalysis: Price can be seen as extended in the daily time frame and lies at 50% range within the consolidation region which can be viewed as a support level. In the lower time frame, price broke out of a smaller consolidation region with an extended move. In this kind of scenario, price is likely to retrace towards the lower region of the consolidation. Long opportunity: Long at market reopening towards 1.35483 as Take Profit - 1 level.by TrainingTraderUpdated 1
USD/CAD 2 Entries +130 Pips 0 Drawdown , New Entry Valid !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.Long01:02by FX_Elite_Club5
USDCAD - Long15 minute sellside liquidity taken, price should now take the buyside, entry on the 1 minuteLongby rpTrading1100
USD/CAD rises towards resistance ahead of key macro events The USD/CAD pair faces a potentially volatile week due to major economic data releases from the US and Canada. Key events include: 1. US Data Releases: Critical reports like the ISM Manufacturing PMI, JOLTS job openings, and Friday’s August jobs report will influence the U.S. dollar. A strong jobs report could stabilize the dollar, while weaker data may lead to further declines. 2. Bank of Canada Rate Decision: The Bank of Canada is expected to cut rates by 25 basis points on Wednesday, following previous cuts. With Canada’s labor market showing signs of cooling, further monetary easing seems likely. However, a strong jobs report could boost the Canadian dollar despite the rate cut. Technical Outlook: The USD/CAD recently dropped sharply, but it is now rebounding towards a critical resistance zone at 1.3570-1.3600. A move above this zone is needed to turn the tide; otherwise, the path of least resistance on this pair remains to the downside. By Fawad Razaqzada, market analyst at FOREX.comby FOREXcom3
is this a reversal of USDCAD from bearish to bullishas can be seen, the price has been rejected from the marked support area and now it looks like that pair has entered the bull phase. Descent entry can be found on 1hr tf but for that make sure that trend looks quite bullishLongby faisal-1010
USDCAD Will Go Higher! Long! Here is our detailed technical review for USDCAD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.349. Considering the today's price action, probabilities will be high to see a movement to 1.351. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 112
USD/CAD +65 Pips 0 Drawdown ,Valid For Entry Now To Get 200 PipsThis 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.Long00:48by FX_Elite_Club5
Good setup to short Usd/Cad 8,6 RRWe have enter a Bearish Daily Fvg and taken out some Daily liquidity. And now we have created a Bearish Fvg with liquidity. All the Poi to the downside have been MitigatedShortby Heyhopikk930
USDCAD BearishUSDCAD to continue the bearish run? After correcting for a while, the market looks set to return to the bearish run.Shortby Fit-Zgerald1
USDCAD Poised for Potential Rise Amid PCE Data ReleaseUSDCAD Poised for Potential Rise Amid PCE Data Release Over the past week, USDCAD has been moving down in a corrective way. The price has started to form a more complex pattern, suggesting a potential rise for the Z wave, as indicated in the chart. While the pattern isn’t entirely clear, there is a significant chance it could develop in this direction. Yesterday, the US reported growth in GDP data. This positive economic indicator increases the likelihood of an improvement in the upcoming PCE data release. If the PCE data shows favorable results, it could further support a rise in USDCAD. We could see USDCAD go up to 1.3490 and possibly close to 1.3500 if all goes well. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️Longby KlejdiCuniUpdated 7754
USD/CAD "Loonie" Bank Money Heist Plan on Bullish SideHola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist USD/CAD "Loonie" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss : Recent Swing Low using 1H timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.Longby Thief_Trader4
USDCAD: Buy the Breakout for 1.3560-80USDCAD is on a breakout from a large sideways formation.The absence of resistance from the left side of the chart and Daily and 4H technical picture are supporting the continuation of the move higher with the area of 1.3560-80 to be the initial target. Strategy: BUY at current levels and add at a pullback towards 1.3505-10 area. Stops below 1.3480 TP 1.3560 and 1.3580 MULTI TIME FRAME TECHNICAL PICTURE AND ANALYSIS Daily chart Reversal formation at important technical support with oversold RSI studies 4H Chart Longby Chartist-Trading1
USD/CAD 1H Chart Analysis: Preparing for a Long Setup Next WeekAs we head into the weekend, my focus is on USD/CAD for next week. The pair has been showing bullish momentum, and with better-than-expected U.S. economic data released this week, the case for a long position is strengthened. Taking some long USD profits off UJ and starting a small UCADLongby trader9224Updated 14
USD/CAD Hovers in Midrange as Traders Await Key Economic DataThe USD/CAD pair started the week on a subdued note, with the Canadian Dollar (CAD) drifting into the midrange on Monday. As the trading week kicked off, both the Canadian and US markets were quiet due to the Labor Day holiday, resulting in a notable lack of momentum in the currency pair. However, key events scheduled later in the week are expected to bring volatility back into play, keeping USD/CAD traders vigilant. From a technical standpoint, the USD/CAD pair appears to have reacted to a well-defined demand area, offering potential bullish opportunities. The latest Commitment of Traders (COT) report indicates that retail traders are overwhelmingly bearish on the CAD, with sentiment levels even more negative than those seen in December 2023—a period that was followed by a significant market reversal. This bearish sentiment, combined with the identified demand area, suggests that the conditions are ripe for a long setup in USD/CAD. Looking ahead, the Bank of Canada (BoC) is poised to announce its latest rate decision this week, with markets widely expecting a quarter-point rate cut. This decision could have a significant impact on the CAD, particularly if the BoC delivers any surprises. Meanwhile, on the US side, the economic calendar is filled with key data releases, including the Purchasing Managers Index (PMI) figures throughout the week, all leading up to the highly anticipated Nonfarm Payrolls (NFP) report. With these developments on the horizon, the USD/CAD pair is likely to see increased volatility. Traders should keep a close eye on the BoC's rate decision and the US economic data, as these events could provide further direction for the pair. For now, the technical indicators and market sentiment suggest a potential bullish opportunity in the USD/CAD as the week unfolds. ✅ Please share your thoughts about USD/CAD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.Longby FOREXN13310
Volatile Week for USD/CAD? Volatile Week for USD/CAD? The Bank of Canada (BoC) is anticipated to lower rates by 25 basis points on Wednesday, bringing the policy rate down to 4.25%. This expectation follows a recent CPI report that indicated further easing in core inflation, coupled with weaker labor market data. While a 50-basis point cut seems unlikely, it can't be entirely dismissed. In the July monetary policy meeting, Governor Tiff Macklem suggested that the focus may shift towards supporting economic growth rather than solely controlling inflation. Additionally, Canada's August employment report is set to be released on Friday, coinciding with the US nonfarm payrolls report. This timing could heighten uncertainty and volatility in the USD/CAD pair. A key level to watch will be the 1.3570-1.3600 zone, which previously served as a significant support area. Whether this area will be re-tested remains to be seen. by BlackBull_Markets2
USDCAD Reversal - Buy CallThe pair have diverged with rsi and price, and the last LH is about to break. We place the bUY stop at a margin with the last LH to make the trade intact. The trade plan is set, let's hope we get-in and make profit!Longby Khizer982
USDCHF and USDCAD top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.Long05:51by ForexWizard015