CADUSD trade ideas
USDCAD -Bearish ReversalUSD/CAD is poised for potential bearish movement. A critical level to monitor is the previous higher low; a break below this level would confirm a bearish reversal. Additionally, the presence of divergence on the chart, coupled with a break of the trendline, reinforces the bearish outlook. This suggests that the bullish momentum may be weakening, opening the door for sellers. Traders should keep an eye on these key levels for potential trading opportunities.
Long buddy!!!1.400-1.4050 is my target area for the remainder of the this week.
My price action, My 1hr time frame entry and My macd indicator all aligned for my long bias…
What is your thoughts on this pair?
Trade safely my friends
USDCAD IS GOING UPPPPCanada relies heavily on oil exports, so any drop in oil prices can weaken the Canadian dollar, while U.S. GDP growth or a decrease in unemployment strengthens the U.S. dollar.
Long buddy!!!I am long the rest of the weak.
All the way up to 1.400 area.
My macd, price action and time frame have ll been triggered.
What are your thoughts?
Trade safely my friends
USDCAD BEARISH 4H TF (FVG/OB BUY SETUP) Instrument has made a Fair Value Gap greater than 100 points with Order Block showing instant movement towards the upside. Entry is taken at middle of OB with SL 5 points below OB and TP at the top of FVG.
What do you think, will it work?
USDCAD with two probabilities for 10/29/2024USDCAD with a high probability to make the decision for 10/29/2024 ✅️ :
🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss.
🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
USDCAD- From a technical point of viewUSDCAD has been on an uptrend for the past 30+ days, and I'm a huge believer in trends so on a daily basis I have been entering longs and will do so until price is showing clear obvious signs that it has changed, of course the trend direction is only half of the problem so finding a good entry is crucial and my thinking behind this is both logical and quantifiable, logically I know the only way to make profit is to buy low and sell high. and in terms of quantifying I use technical analysis to read the price and identify the lows/highs so I can enter. as long as you believe that buying low and saying high while following the trend must not be violated then you should be fine most of the time
Possibility of correction The uptrend is expected to advance to the resistance range. Then, according to the behavior of the price in this range, it is expected that a trend change will take place and we will see the beginning of the correction process
US Dollar retains US election risk bid | FX ResearchThe Canadian Dollar simply can't catch a break. Bank of Canada policy has turned increasingly dovish, all while the price of oil remains under pressure and Canada economic data deteriorates.
Oil prices have tumbled following Israel's strikes on Iran, which avoided crude facilities. This has led to a de-escalation of tensions in the Middle East.
Looking ahead, we have Canada’s wholesale sales data, the Dallas Fed manufacturing report, and a speech from ECB’s Gino (Dall'Asta).
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
Buy - Follow trendoverall buy Trend for USDCAD based on previous trade as well.
Still going uptrend with this trade.
Targeting the low of Asia for entry.
USD/CAD H4 | Overlap support at 38.2% Fibonacci retracementUSD/CAD is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 1.3842 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 1.3800 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 1.3897 which is a swing-high resistance.
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Read the USDCAD MarketLet's Look at USDCAD Chart and make some Decisions for this Week, Good Luck With Your Trades <3
USDCAD with two probabilities for 10/28/2024USDCAD with a high probability to make the decision for 10/28/2024 ✅️ :
🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss.
🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
sweetest everyou should forget about BTC or any othe cryptos.
we have USDCAD in forex so are you ready for one of the longest and sweetest journey ever ?
the cup and handle and after that pretty double bottom are clearly visible .
you don't need any indicator for this .
price action is enough it self.
i strongly suggest you to check my USDJPY and GBPCAD articles .
this one is like those ;)
so let's ride it !
Possible further continuation on USDCADPrice has seen a bullish week🔥📈⬆️. We also witnessed weak Canadian data on Friday, further putting pressure on the Canadian dollar and more power for the Us dollar as price is rushing for weekly HH💰where external liquidity is present. This is due to price reacting to a discount weekly demand zone and giving out momentum.
We have a new HH & HL caused by a break of structure to the upside with momentum. This is perfect trend due to rapid formation of new HH and HL.
Next week is christmas day for Fundamental traders due to multiple high volatility economic events🇬🇧🏴🇨🇭🇺🇲🇪🇺🇨🇦. This could also add to our setup for the week as fundamentals usually add momentum to the market.
📈📊Our trading idea is bullish, whereby one of these two demand zones is expected to hold and push price further as per trend. Also taking note that price is rushing for external liquidity, we can anticipate a larger move upon reaction to our zone targeting our last HH.
💰 Apply good risk management 💰
a clear chance1st tp ATH
Canada continues to see the downside opening up in economic data prints, spurring the BoC to step up the pace of rate cuts heading into the end of the year. Canadian Retail Sales figures from August are slated to print on Friday, and are expected to stick to the trend and moderate further. However, the long-dated data is unlikely to spark much movement.
* PLEASE MAKE SURE TO VISIT RELATED ARTICLES WHICH MENTIONED BELOW
USDCAD Weekly Head and ShouldersA trade above 1.40210 would complete the head and shoulders pattern with a a price objective of 1.46417
IBKR:USDCAD
Buy USDCADOverall Uptrend.
Gave extra SL due to news later.
The upside of this, this trade can play out pretty well but the risky part will be the news spread and slippage on your brokers.
USDCAD TODAYUSDCAD TODAY after strong move up is bulish.
Everymove down is good opportunity for buy.
I expect new high
update USDCAD movementUCAD is moving according to yesterday's prediction, maybe I will hold this short position for a rather long period of time
USDCAD developing an ascending wedge ahead of data today! Intraday Update: Ahead of the Canadian retail sales the USDCAD may be developing an ascending wedge into a longer term 88% retracement. A move to 1.3890 may find resistance with support at 1.3830.
Ascending wedges are reversal patterns by default.
