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USDCAD trade ideas

USDCAD BUY | Idea Trading AnalysisUSDCAD is moving UP The chart broke through the dynamic resistance, which now acts as support. We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity USDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Long
by TheGrove
4
USDCAD - 4hrs ( Buy Trade After Retest Tp Range 180 PIP )Pair Name :USD/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ Key Technical / Direction ( Long After Retest ) ——————————— Bullish Retest 1.41100 Area reasons - Major Turn level - Visible Range Hvn - Pattern Retest - CHoch zone - Fibo Golden Bearish Reversal 1.43000 Area Reasons - Major Turn level - Visible Range Hvn - pattern Target - Visible range Hvn - Fibo Golden Zone
Long
by GoldenEngine
1
USDCAD DOUBLE TOP PATTERNUSD/CAD Analysis: Double Top and Rising Wedge Patterns Detected The USD/CAD pair is experiencing a bearish reversal, with two distinct patterns emerging: Key Indicators: - Double Top Pattern: A clear double top formation has been identified, indicating a potential reversal in the upward trend. - Rising Wedge Pattern: A rising wedge pattern has also been detected, suggesting a bearish breakout may occur. Key Levels: - Resistance: 1.45102 - Support: 1.39000 - Target: 1.38000 - Stop Loss: 1.42641 Recommendation: Caution is advised, as a bearish breakout may occur. Consider short-term sell positions or hedging strategies to mitigate potential losses. Best Wishes Tom 😎
by Tom_Trades_670
4
Bearish drop?The Loonie (USD/CAD) is reacting off the pivot and could drop from this level to the 61.8% Fibonacci support. Pivot: 1.4244 1st Support: 1.4177 1st Resistance: 1.4288 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
1
USDCAD, Breakout or fake fakeout? USDCAD / 1D Hello Traders, welcome back to another market breakdown. The market shows strong bullish momentum, breaking through key resistance levels and signaling a potential continuation to the upside. However, The price is rejecting the Previous all-time high. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the breakout zone for a more strategic entry. If the pullback holds and buying confirms, the next leg higher could target: First Resistance: Immediate levels formed during prior consolidation. Stay disciplined, wait for the market to come to you, and trade with confidence! Trade safely, Trader Leo.
Long
by BTM-LEO
5
Pullback hunt on USDCADAs it looks now, USDCAD should have a decent pullback towards 1,40400. My plan is to wait for 15M structure break, then monitor the retest on the lower TF(15M, 5M, 1M) and if this retest will hold(CHOC, BOS on lower TF) I will enter to the trade. Do not set SELL STOP orders at the entry line and don´t sell higher(because of better price). Wait till entry conditions are met. I will update this trade, so you will get the message. TP your trade partially. When price moves in your favour, set SL to BE, but give it some space to "breath". Wish you good luck. P.S. I´m not a signal service, do not sell anything. If you want to buy something, please contact one of the signalist who will comment this idea. If you want to learn and discuss, you know what to do. Invest your time to learning instead of buying signal on a some kind of premium channel.
Short
by Rendon1
1
USDCAD Sell IdeaUSDCAD My Bias:11 Dec 2024 Reversal/Bearish Indications: 1-USDCAD moving inside the trend channel since Nov-2023 2-Price is respecting upper & lower trend lines strongly since Nov-2023 3-Lower trendline is being respected since July-2021 4-Formation of Crab Reversal Harmonic Pattern and PRZ along with bearish divergence on DTF 5-Formation of BAT Reversal Harmonic Pattern and PRZ along with bearish divergence on 1HTF 6-Currently, Price is hesitant to cross strong weekly resistance & supper trendline of 1.41883. 7-DXY index is extremely bullish 8-94% traders are short on sentiments (Strategy-2) 9-BOC cut 0.50 BPS rate from 3.75 to 3.25 which means CAD will bearish furthermore. But the important observation is that CXY is extremely bearish currently. If CXY doens't shows the signs of bullish reversal then there are chances that USDCAD will breaks the upper trendline and may continue upward furthermore. Note: I am taking this trade even CAD is becoming weak but Crab on DTF & BAT on 1HTF with divergence, Strong resistance, 94% short sentiments convincing me to short this pair.
Short
by Ali_Hejazi
1
USD/CAD Exchange Rate at a 56-Month HighUSD/CAD Exchange Rate at a 56-Month High As evidenced by the USD/CAD chart, yesterday the rate climbed above 1.4190 – a level not seen since April 2023, when the world was gripped by panic over the spread of the coronavirus. Today, the weakness of the Canadian dollar relative to the USD is being influenced by a rich fundamental backdrop. As reported by the media: → Formerly elected President Donald Trump has previously stated that he would impose a 25% tariff on all goods from Mexico and Canada as soon as he takes office on 20 January, joking that Canada should become the 51st state. Yesterday, Trump posted on social media that he looks forward to meeting with Canadian Prime Minister Trudeau again to "continue our in-depth discussions on tariffs and trade." → At 17:45 GMT+3 today, the Bank of Canada will announce its decision. It is expected to cut its interest rate by 50 basis points to 3.25% and likely signal that further rate cuts are possible in light of the sharp rise in unemployment levels. → At 16:30 GMT+3 today, the Consumer Price Index (CPI) data will be released. It is expected that US inflation will remain unchanged. As a result, heightened volatility is highly likely today, which could significantly affect the nature of the current upward trend. Note that on 25–26 November, a spike in volatility was observed on the USD/CAD chart, visible through the ATR indicator, which caused the channel's slope to become less steep. Today’s batch of news carries the highest significance: traders should prepare for both the scenario of a new 56-month high being reached and an attempt by bears to reverse the trend. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
USD/CAD 4hr Timeframe AnalysisUSD/CAD 4hr Timeframe Analysis Trend Analysis: In the 4H timeframe, USD/CAD is in a strong uptrend, creating higher highs and lows. The price has broken through two minor key resistance levels, demonstrating its bullish momentum. Key Observations: The price has retested the previous resistance level, which has now become a minor support zone. After retesting, the price moved up again, creating a new high and starting to accumulate buy orders above the highest key resistance level at 1.41600. The price has now entered the manipulation stage, where it is likely to attract more buyers and create a liquidity zone. Price Action Expectation: Our objective is to wait for the price to return to the key resistance level and break out again. We expect the price to continue its upward momentum and reach new highs. Trade Setup: Buy Stop Entry: 1.41660 (above the highest key resistance level) Stop Loss: 1.41320 (below the liquidity zone) Take Profit: 1.42680 (next minor key resistance) Fundamental Analysis The broader market sentiment remains on balance after the US CPI inflation figures matched market expectations on Wednesday. The US Consumer Price Index (CPI) rose to 2.7% year-over-year in November from 2.6% in October, meeting market expectations. The headline CPI reported a 0.3% reading MoM, in line with the market consensus. Meanwhile, the core CPI, excluding volatile food and energy prices, climbed 3.3% YoY, while the core CPI increased 0.3% MoM in November, as expected.
Long
by RebornFXTrader
1
USD/CAD Buy SwingTradeReasons to Enter the Trade: Trendline and Fibonacci Confluence: The price is respecting a strong upward trendline. The 61.8% Fibonacci retracement level aligns with the trendline, providing strong confluence for a potential reversal. Stochastic Oversold: The stochastic oscillator indicates a potential upward reversal as it climbs from an oversold region. Risk-Reward Opportunity: The chart shows a decent risk-reward setup, with a target near the 0% Fib level (1.4180) and a stop-loss below 1.3925. If this provides at least a 2:1 reward-to-risk ratio, it's a good trade to consider. Structure Holding: There’s no significant break below the critical structure levels, suggesting the bullish bias is intact.
Long
by LogicalTraders
2
USDCAD - Reversal Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈As per our last USDCAD analysis (attached on the chart), it rejected the lower bound of the wedge pattern and traded higher. As USDCAD approaches the upper bound of the wedge, as marked by the red circle, I will be looking for bearish reversal setups to confirm the bearish correction. For now, we wait!⏱️ 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
USDCAD H4 | Bearish Drop?Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 1.4242, a resistance that aligns with the 161.8% Fibonacci extension Our take profit will be at 1.4185, a pullback support. The stop loss will be placed at 1.4265, which is a swing-high resistance. 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, previously FXCM EU 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.
Short
by FXCM
USDCAD scalp short on exhaustion reversal As always, we like to keep it clean and simple, with technicals and analysis that's easy to see and understand. Let's get into it: 1. Wave 5 exhaustion on mult timeframes 2. Overbought 30m/1h/1D 3. Shooting star candle printed on 1h Analysts note that USDCAD is trading within a rising channel since late September, recently peaking at 1.4178. The bullish momentum suggests potential for further gains, but short-term corrections (ie. why we're scalping) are common as traders take profits and reassess positions. Market Sentiment and Data Releases: With key U.S. and Canadian employment data released recently, markets may experience volatility as traders digest the information. This can often lead to short-term corrections as the market adjusts to new economic indicators. Be Alert. Trade Green.
Short
by JC7USA