USDCAD Might Retrace Its Bullish ImpulseAfter the recent rally, the USDCAD currency pair is showing the first signs of weakness and the RSI is bearishly divergent. The price has fallen below the VAH of the recent upward movement. We therefore expect the POC of the last impulse to be reached.Shortby Ochlokrat114
Bullish run on usdcadUsdcad appears having a bullish run forming a partial butterfly in the coming days. Entries @1.36000 may push buyer until 1.38000 with intermittent retracements. Lets watch until this position is invalidated then take existing profits.Longby MauversFX3
USDCAD FX:USDCAD Seems like we dumping very soon I’m totally on the sell side for this pair Shortby UnrulyKamz9993
10/8/24 - USD/CAD SHORTprice above ema on multiple higher time frames but there is counter trend short forming. will only consider a long position if price breaks above the noted zone. will continue to monitor for the BOS to confirm short for NY session.Shortby victoriaawUpdated 1
USD/CAD Ready To Go Up Very Hard , Are You Ready ?Risky Long Setup On USD/CAD Depend On Price Action , Today Or Tomorrow It Will Go Up After Big Movement To Downside Without Any Correction . If We Have A Good Daily Closure Above This Supp And New Res , It Will Be A Good Chance To Buy It ! 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. Longby FX_Elite_ClubUpdated 8854
USD/CAD Fully Closed +400 Pips , Did You Enter ?All Our Trades On USD/CAD Hit Final Target , 0 Drawdown , Now i`m searching to find the best place to can sell it , will update it when i have a good entry . 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.Longby FX_Elite_Club13
USDCAD View!!The dollar eased from near seven-week highs against major currencies on Tuesday after investors assessed the outlook for U.S. rate cuts, even as the conflict in the Middle East continues to support the currency's safe-haven appeal. The euro EURUSD inched 0.1% higher to $1.098575, not far from the seven-week low of $1.09515 hit last week. The pound GBPUSD edged 0.1% higher to $1.31005, after hitting a three-week low of $1.30595 on Monday. Traders have drastically shifted their expectations of monetary easing from the U.S. Federal Reserve this year. A strong jobs report last week gave credence to Fed Chair Jerome Powell's comments that the central bank would stick to its usual quarter-percentage-point rate reductions after it began its easing cycle with a big cut in September.Longby FXBANkthe80550
USD/CAD Poised for Key Resistance Test and Potential BreakoutHello, The USD/CAD has experienced significant upward movement recently and is positioned for further gains. Key resistance levels on the 1-month and 1-year charts are likely to be tested. If the price settles above these levels convincingly, we could see continued upward momentum. However, if it fails to hold, we may see further tests of support levels. TradeWithTheTrend3344 by TradeWithTheTrend3344223
UC SHORTSlooking for a repeat of prior shorts to take place/ decent looking setup with good R.R if it plays out Shortby AllFatherOdin5
USDCAD 2-hour cycle short sellingThe first target is to look around 1.35270,reduce the size of the warehouse by half,and promote protection. Look around 1.34222 for the second target position,then halve the position and push for protection. If the price does not break a new low in the later stage,find opportunities to enter the market and go long.Shortby Jasmine-Flower227
USDCAD Prime rejection on a double top and a Death CrossUSDCAD hit the 0.618 Fibonacci level of the 2 year Rectangle pattern and so far is on a Double Top. The 1day MACD is forming a pattern similar to a previous 0.618 Fib Double Top in May 2023. In the meantime, a 1day Death Cross is formed, exactly like on June 1st of that previous Double Top pattern. This is a strong bearish mixture and on all cases the target has been at least the 0.236 Fib. Sell and target 1.33000. Follow us, like the idea and leave a comment below!!Shortby TheCryptagon8
Why I'm Going Short on USDCAD: Analyzing Market ConditionsKey Reasons for a Bearish Outlook 1. Economic Differences: The U.S. economy is doing well, showing strong growth, while Canada’s economy is struggling. This usually strengthens the U.S. dollar against the Canadian dollar. 2. Oil Prices: Canada’s currency is closely tied to oil prices. If oil prices stabilize or drop, it could weaken the Canadian dollar further, especially since Canada’s economy isn’t performing well. 3. Central Bank Policies: The U.S. Federal Reserve might lower interest rates, which could attract more investment into the U.S. dollar. Meanwhile, the Bank of Canada is likely to stay cautious due to weak economic data. Given these factors, I believe there’s a good chance for USDCAD to move lower. I’ll be using probabilities to guide my short positions and manage risk effectively. Feel free to share your thoughts and ideas in the comments below! 12M: On the 12M timeframe, there is insufficient data available. Therefore, we will move to lower monthly timeframes to identify a valid range and look for FB mitigation. 1M: 1D: 1H: Shortby Jasminex1x2Updated 9
USDCAD: Short Trading Opportunity USDCAD - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short USDCAD Entry Point - 1.3607 Stop Loss - 1.3642 Take Profit - 1.3535 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals113
USDCAD OverviewThere’s a bit of a range forming between two key Order Blocks (OB), and both sides seem to have a case. On the bullish side, price could move up to the OB around 1.3720, where I expect strong resistance to come into play. That could present a solid area to look for shorts if the market reacts as expected. On the other hand, if we see a failure to hold current levels, price could drop towards the lower OB around 1.3480. This area might attract buyers, and it would be a good place to watch for potential long entries. The key here is waiting for price action around these levels to guide the next trade. OANDA:USDCAD by Astonstevn2
UsdCad Longterm - ShortFollowing the Fed's surprise rate cut, we expect a decline in the dollar. The rise brought by last week's non-farm payrolls and hourly earnings creates a selling opportunity. We expect a gradual decline towards the 1.31 level in USD/CAD. You can follow the analysis for intermediate levels and the correction movements we anticipate. Intermediate level updates will followShortby TradeAndMeApp6
usd cad the USD/CAD currency pair has formed a Head and Shoulders pattern and has broken out to the upside, some traders might interpret this as a bullish signal for the pair. However, it's important to remember that technical analysis is not foolproof and should be used in conjunction with other forms of analysis and risk management techniques.Longby Izkeerso0
USDCAD ON BUYSIDEUSDCAD on strong uptrend since last week Wednesday. When the market reversal to this point where I marked up the zone. I am looking for a strong rejection candle before I take a trade. If I cant find that , I will avoid this trade. Always do your our analysis before you take the trade. Its a 1:3 RR trade. Monday trade wait until NY open. Longby tradingwith_ryann2
USD/CAD H4 | Heading into swing-high resistanceUSD/CAD is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.3634 which is a swing-high resistance. Stop loss is at 1.3718 which is a level that sits above the 127.2% Fibonacci extension level and an overlap resistance. Take profit is at 1.3539 which is an overlap support. 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. 62% 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. 59% 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.Short03:13by FXCM7
Check the trend It is expected that the price will change the trend in the current resistance range and we will witness the beginning of the downward trend. By crossing the resistance range, it will be possible to continue the upward trend until the next resistance rangeby STPFOREX0
Pullback resistance ahead for the Loonie?The price is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level which is an overlap support. Pivot: 1.3616 1st Support: 1.3543 1st Resistance: 1.3688 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.Shortby ICmarkets2216
USDCAD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)Shortby ShahedZare2
USDCADWe looking for buying opportunities as the market is still inside the bullish trend we are waiting for a correction then impulses of buys to the upside- 1H TIMEFRAMELongby officialpotego_fx3