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USD/CAD (OANDA EU Clients)

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USDCAD.PRO.OTMS trade ideas

USDCAD Possible SELL The market is currently testing the current Weekly structure area. Based on Daily TF, the market seems to be forming a possible reversal chart pattern. We could see Sellers coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Short
by WiLLProsperForex
USD/CAD WHATS GOING ON?As you can seeif we go to a more high timeframes we can see the importance that the weekly support and resistence have if we make e a quick look of it the pric its now heding again to this zone and we dont know exactly whats happening with the price, we have 3 options, to make the same reaction to the downside, to make a fake breakout and then go to the downside, or to relly make a breakout and start making new historical highs in this pair. If you like my ideas please support me.
by hcarbajal12
1
USDCAD Sell signal may be triggered soon.USDCAD is on a continuous rise since the September 24 low inside a Channel Up. The pattern however broke this week sideways and is already showing the first signs of exhaustion as the RSI (4h) is printing a topping pattern similar to August 5th. Still though, the MA50 (4h) is supporting. Trading Plan: 1. Sell if the price crosses below the MA50 (4h). Targets: 1. 1.36500 (potential contact with the MA200 (4h)). Tips: 1. The August fractal started to decline just after the RSI formed this pattern. I may have found the first support base on the 0.618 Fibonacci level but that happened to be on the MA200 (4h) as well and that is why we pursue this as target. Please like, follow and comment!!
Short
by TradingBrokersView
USDCAD Bearish ScenarioToday, we will analyze USDCAD Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section. Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.
Short
by Biaxar
4
Buy USD/CAD Bullish Flag in H1The USD/CAD pair on the H1 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Flag pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 1.3825, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.3860 2nd Support – 1.3875 Stop-Loss: To manage risk, place a stop-loss order below 1.3807. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_FOREX_TRADING
2
Sell USD/CAD BoC Interest RateThe USD/CAD pair on the H1 timeframe presents a potential selling opportunity due to channel. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.3818, This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.3778 2nd Support – 1.3750 Stop-Loss: To manage risk, place a stop-loss order above 1.3845. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_FOREX_TRADING
6
Hugely Important Trading Plans | BOC Rate DecisionEver since the BOC has undertaken a quicker easing cycle (and signalled more of it) we have seen a lot of CAD shorts come into play. Removing investment from CAD due to lower ROI is a direct cause of easing, and easing quickly. Largely expected that another cut comes today at a 50 BPS consensus. It remains yet to be seen whether this cycle is too fast. The FED has also undertaken a reasonable cutting pace, but latest data and rhetoric around it suggests a slower, more careful easing (hence the late rises in USD value, see DXY). May be slight room to go higher, although USDCAD sits at key rejection areas, last hits going further into them. Would not be surprised if this continues based on recent price action to the upside. Awaiting rejection at these key levels before further entry short.
Short
by WillSebastian
USD/CAD H4 | BoC rate cut to function as a bullish catalyst?USD/CAD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.3789 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 1.3735 which is a level that lies underneath a swing-low support and the 23.6% Fibonacci retracement level. Take profit is at 1.3896 which is a level that aligns with the 161.8% Fibonacci extension level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
Bearish drop?The Loonie (USD/CAD) has reacted off the pivot and could drop to the 1st support which has been identified as a pullback support. Pivot: 1.3853 1st Support: 1.3751 1st Resistance: 1.3946 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.
Short
by ICmarkets
USDCAD: Rejection expected on the 2 year Resistance Zone.USDCAD is bullish on the 1W timeframe (RSI = 60.180, MACD = 0.003, ADX = 23.071) and turned overbought on its 1D technical outlook (RSI = 69.243). This is taking place while the price is just underneath the 2 year R1 Zone, which has rejected the price 5 times already. The 1D RSI is also about to enter its R1 Zone. We expect another rejection towards the S1 level (TP = 1.34500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope