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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

Market Analysis: USD/CAD Remains in UptrendMarket Analysis: USD/CAD Remains in Uptrend USD/CAD is rising and might aim for more gains above the 1.3820 resistance. Important Takeaways for USD/CAD Analysis Today - USD/CAD is showing positive signs above the 1.3745 support zone. - There was a break above a major bearish trend line with resistance at 1.3765 on the hourly chart at FXOpen. USD/CAD Technical Analysis On the hourly chart of USD/CAD at FXOpen, the pair formed a strong support base above the 1.3600 level. The US Dollar started a fresh increase above the 1.3700 resistance against the Canadian Dollar. The bulls pushed the pair above the 1.3750 and 1.3765 levels. Recently, there was a break above a major bearish trend line with resistance at 1.3765 and the 50-hour simple moving average. The pair climbed above the 50% Fib retracement level of the downward move from the 1.3838 swing high to the 1.3746 low. If there is another increase, the pair might face resistance near the 1.3800 level or the 61.8% Fib retracement level of the downward move from the 1.3838 swing high to the 1.3746 low. A clear upside break above 1.3800 could start another steady increase. The next major resistance is the 1.3820 level on the same USD/CAD chart. A close above the 1.3820 level might send the pair toward the 1.3840 level. Any more gains could open the doors for a test of the 1.3910 level. Initial support is near the 1.3780 level. The next major support is 1.3765. The main support sits near the 1.37450 zone. A downside break below the 1.3745 level could push the pair further lower. The next major support is near the 1.3700 support zone, below which the pair might visit 1.3650. 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
Potential bullish rise?USD/CAD has reacted off the support level which is an overlap support that lines up with the 23.6% Fibonacci retracement and could rise from this level to our take profit. Entry: 1.3787 Why we like it: There is an overlap support level that lines up with the 23.6% Fibonacci retracement. Stop loss: 1.3774 Why we like it: There is an overlap support level that aligns with the 50% Fibonacci retracement. Take profit: 1.3825 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
Usdcad could experience a significant drop in the coming daysUsdcad could experience a significant drop in the coming days. As always, it's essential to apply proper money management and never trade without placing an appropriate stop-loss. Remember, trading is a game of probabilities, so your success should be measured over a series of trades, not just one. Guys always read this quote.It will help you mentally."I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, 'I just lost my money, now I have to do something to make it back.' No, you don't. You should sit there until you find something.” “Jim Rogers: Thanks!
Short
by MohammedFaysal
USD/CAD: What to Expect from BoC Next Week? USD/CAD: What to Expect from BoC Next Week? Canada’s central bank is set to announce its next rate decision on Oct. 23, with Canadian banks largely anticipating a 50-basis-point cut. A similar reduction is also expected at the BoC's final meeting of the year on Dec. 11. For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox. The prospect of back-to-back cuts is weighing heavily on the Canadian dollar, which touched to a two-month low of 1.383 against the U.S. dollar on Tuesday. Technical indicators, including moving averages, suggest a potential short-term bullish trend for the pair. Meanwhile, in the U.S., Minneapolis Fed President Neel Kashkari indicated this week that any future rate cuts from the Federal Reserve could be "modest." Which the market might be interpreting as a bias for a smaller 25-basis point cut.
by BlackBull_Markets
Protect The Pain Trade: UCAD/EJ+NCHF (TRIANGULAR ARBITRAGE)To protect against a potential pain trade while executing triangular arbitrage involving USDCAD, EURJPY, and NZDCHF, you can use this strategy to identify discrepancies in exchange rates across these pairs and capitalize on arbitrage opportunities while managing downside risk. Here’s a potential breakdown: 1. Triangular Arbitrage Basics: In triangular arbitrage, you attempt to exploit differences in quoted exchange rates across three currencies. Here’s how it might look with the pairs you’ve mentioned: USDCAD (USD to CAD) EURJPY (EUR to JPY) NZDCHF (NZD to CHF) The goal is to convert one currency into another in a sequence of trades, moving through the other pairs, and then back into the original currency. If there’s a price discrepancy, you profit from the difference. 2. Potential Arbitrage Execution: Let's assume you start with USD as your base currency: Step 1: Convert USD into CAD using the USDCAD exchange rate. Step 2: Use the CAD to buy EUR (by synthesizing a CAD-to-JPY-to-EUR trade via EURJPY). Step 3: Convert EUR to CHF via EURJPY or indirectly through NZDCHF, depending on relative exchange rates. Step 4: Finally, convert CHF back to USD using NZDCHF and then USDCHF. You aim to finish with more USD than you started, capturing the arbitrage. 3. Protecting the Pain Trade: Protecting against losses, also known as the pain trade (where an adverse market move leads to losses), can be done by: Hedging: Use options or stop-loss orders on one of the three pairs to hedge your exposure during the arbitrage process. Position Sizing: Keep positions small to minimize exposure to sudden market volatility. Timing and Liquidity: Execute trades during high liquidity periods (London/New York overlap) to avoid slippage. Risk Limits: Establish risk thresholds for each leg of the arbitrage. If a pair’s price moves out of the expected arbitrage zone, it triggers an automatic close to avoid large losses. 4. Monitoring Volatility: The pairs chosen—USDCAD, EURJPY, and NZDCHF—often behave differently in response to global market events. Keep an eye on central bank announcements, trade data, or geopolitical events that could increase volatility in one or more pairs. By combining careful execution, monitoring, and risk management techniques, you can protect your arbitrage trades while capturing profits from discrepancies across these pairs.
Long
by moneymagnateash
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
5
USDCAD Analysis Today: Technical and Order Flow Analysis !In this video I will be sharing my USDCAD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
by Transparent_Fx_Analysis
3
#USDCAD trading wave 4The prolonged bullish impulsive move under wave 3 has likely come to an end. This outlook is based on several confluences, including the formation of a rising wedge pattern, which is a bearish reversal signal, along with the presence of bearish divergence. As a result, we could anticipate a bearish reversal move to complete wave 4. In the chart, I’ve highlighted potential areas where price may complete this 4th wave, presenting a solid trading opportunity. Typically, wave 4 is tricky to trade due to potential market manipulations. However, given the clarity of this setup, we can plan a trade accordingly.
Short
by mohemati
USD/CAD H1 | Resistance at 50% Fibonacci retracementUSD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.3789 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 1.3820 which is a level that sits above the 61.8% Fibonacci retracement. Take profit is at 1.3740 which is a multi-swing-low 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.
Short
by FXCM
USDCAD SELLUSD/CAD Trade Analysis • Overview: Since the end of September, USD/CAD has been in a strong uptrend, with a significant rally that continued into October. The pair is now approaching a key resistance level that has been in place since 2022. • Weekly Timeframe: A large rejection candle has formed at this resistance level, indicating potential selling pressure and a possible reversal. • Daily Timeframe: The price action has already started to shift, with bearish candles appearing, suggesting the beginning of a pullback or trend reversal. Trade Setup: 1. First Position: • Entry: Short position with the stop loss placed above the weekly resistance high. • Risk-Reward Ratio: 1:1, targeting a move down while aiming for a conservative profit. 2. Second Position: • Entry: A more aggressive short position based on the 3-hour timeframe, with the stop loss set above the high from October 15th. • Risk-Reward Ratio: 1:3, aiming for a higher potential reward while accepting higher risk due to the tighter stop. The two trades are structured to capture potential downside movement from this major resistance zone. Let’s see if the rejection at this level triggers a reversal as expected.
Short
by chokambaya
SELL!! USDCAD HAS REACHED A WEEKLY INTEREST AREAHELLO TRADERS, I AM CURRENTLY INTERESTED IN USDCAD FOR THIS WEEK I HOPE YOU LIKE THE IDEA AND COMMENT WHAT YOU THINK. TECHNICAL ANALYSIS CONFLUENCE FOR SALE AT THE MOMENT 1.- bullish weekly time frame 2.- we are in a zone of weekly interest 3.- we are in an area of ​​daily interest 4.- rejection candle in the 4 Hr time frame why do I like it? The price has reached an area of ​​weekly and daily interest where the price has been rejected repeatedly before on the weekly and daily chart, and on the 4-hour chart there is a bearish rejection candle which could give us a turn in the price. I will wait for the chart to show me more confluences before entering a trade, I will wait for the daily chart to give me a daily rejection candle followed by that I will wait for the 4 hour chart to become bearish breaking the highest low with a full-body bearish candle below the highest low to later wait for a pullback and enter a trade. If you like the idea, comment, I will respond to suggestions and comments!!
Short
by FxAlexisTrader
10
USDCAD Sell SetupTime Frame: - Daily: (FVG Identification) 1. Trend Confirmation: Identified a Change of Character (CoC) by the break of the previous support at 1.360, indicating a reversal in market sentiment and a new bearish trend. 2. Fair Value Gap (FVG): On the daily chart noted a Fair Value Gap (FVG) between 1.3810 and 1.3790. The price was rejected in the area, which marked as a potential reversal zone. 3. Trade Execution Entry Price: 1.3750 SL: 1.3810 (above Daily FVG) TP1: 1.3435 (previous low) TP2: 1.3120 (1.618 Fibonacci) Risk-Reward Ratio (RRR): 1:10 5. Outcome: Exit Price: Profit/Loss: pips ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Short
by Phoenix-Rise-Trade
10