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Canadian Dollar / U.S. Dollar

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USDCAD On The Rise! BUY! My dear friends, Please, find my technical outlook for USDCAD below: The price is coiling around a solid key level - 1.3472 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.3560 Safe Stop Loss - 1.3422 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Fundamental & Technical Analysis on USDCAD Short Fundamental : The COT Report for Canadian Dollar is showing a increase in Open Interest (OI) which is a Bearish sign. Commercial (Hedgers) Long positions are increasing at the same time OI is increasing which means they are covering their Longs and is also considered Bearish. Non-Commercial Short positions are increasing as well adding to the Bearish sentiment. COT Report: cot-reports.com Technical : We have the 5 EMA crossing down the 20 EMA while price action is underneath both, Momentum is negative, and the %K line is underneath the 50% line. Targets/Stop Loss : I'm using a Fib retracement from a recent Low to a High to determine my Take Profits and Stop Loss. My Stop Loss is at the 0.236 Fib LVL which is $1.38783 on the chart. At every TP I take half of my position off, for TP #1 I'm aiming for the 1.272Fib LVL which is $1.35778 on the chart, TP #2 is the 1.414Fib LVL which is $1.35366 on the chart, and the TP #3 is at the 1.618Fib LVL which is $1.34774. TP #4 is at the 2Fib LVL, TP #5 is at 2.272Fib LVL, and TP #6 is the final one which is at 2.618Fib LVL.
Short
by Iateyourcroissant
USDCAD / BREAKOUT ASCENDING CHANNEL - 4H USDCAD / 4H TIME FRAME HELLO TRADERS Tendency , prices is under downward pressure , until trading below turning level at 1.360 . Downward Condition : With the price holding steady at the current turning level at 1.360 , it is likely to decline towards the support level of 1.354. If it stabilizes below this level, it could then reach the next target level of 1.350 . Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 1.360, leading to a rise toward the resistance level (1) at 1.369 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 1.376 . TARGET UPWARD ZONE : RESISTANCE LEVEL (1) : 1.369 . RESISTANCE LEVEL (2) : 1.376 . TARGET DOWNWARD ZONE : SUPPORT LEVEL (1) : 1.354 . SUPPORT LEVEL (2) : 1.350 . TURNING LEVEL : 1.360 .
Short
by ArinaKarayi
1
USDCAD Trendline Breakout Ready for a Long SellHello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
USDCAD Will Move Higher! Long! Here is our detailed technical review for USDCAD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.350. Considering the today's price action, probabilities will be high to see a movement to 1.366. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Canadian Dollar Faces Bearish Trend Below 1.3743, Eyes on 1.3628Canadian Dollar Technical Outlook The Canadian Dollar is exhibiting a bearish trend as long as it trades below 1.3743, with the potential to reach 1.3628. For a bullish reversal, the price would need to stabilize above 1.3743, potentially extending the trend toward 1.3828. Key Levels: - Pivot Price: 1.3743 - Resistance Levels: 1.3773, 1.3825, 1.3862 - Support Levels: 1.3660, 1.3628, 1.3552 Expected Movement Range: The price is anticipated to fluctuate between 1.3612 and 1.3773.
Short
by SroshMayi
Canadian dollar jumps on retail sales reboundThe Canadian dollar is showing some strength on Friday. In the North American session, USD/CAD is trading at 1.3532 at the time of writing, down 0.60% on the day. The Canadian dollar is at its highest level since early April and is poised to post its third winning week in a row. Canada’s retail sales report was a mix. In June, retail sales fell 0.3% m/m, confirming the initial estimate and following a May reading of -0.8%. However, the initial estimate for July jumped 0.6%, which would indicate a much-needed rebound in consumer spending. Retail sales were down 0.5% in the second quarter and 0.4% in Q1, which would mark the weakest two quarters since 2009, outside the covid pandemic. The spike in July is likely due to the Bank of Canada’s quarter-point rate cuts in June and July, bringing down the benchmark rate to 4.5%. The BoC is expected to continue to trim rates as inflation has eased and the labor market shows signs of decline. The annual Jackson Hole meeting has begun and the highlight of the summit will be today’s speech from the host, Fed Chair Jerome Powell. The markets are all ears, although it would not be a surprise if Powell’s speech is little more than a cautious acknowledgment that inflation is moving in the right direction and that the Fed is poised to cut at the Sept. 18 meeting. The markets have fully priced in a rate cut at next month’s meeting, with the odds at 71% for a 25-basis point cut and 29% for a 50-bps cut, according to CME’s FedWatch. There’s a strong chance that the Fed will deliver additional cuts before the end of the year, but recent employment data has been very weak and that could delay further rate cuts. The next employment report on Sept. 6 will be a key factor in determining the Fed’s rate path. USD/CAD has pushed below support at 1.3578 and is testing support at 1.3538. Below, there is support at 1.3478 There is resistance at 1.3628 and 1.3653
by OANDA