USDCAD trade ideas
USDCAD Sell Waiting don't rush USDCAD wait zone sell. SL line yellow.
Good luck.
**Forex Analysis Disclaimer**
This analysis is intended for informational purposes only and should not be considered investment advice. I utilize technical analysis as the basis for decision-making and do not focus on fundamental analysis. Forex trading involves high risk and can result in losses. It is advisable to conduct your own research and consult with a financial advisor before making any trades. I am not responsible for any losses that may arise from the use of this information.
Correction A corrective trend is expected to form up to the specified support range. Then, according to the behavior of the price in the support range, the continuation of the corrective process will be likely
USD/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
Previous week’s green candle means that for us the USD/CAD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.356.
✅LIKE AND COMMENT MY IDEAS✅
USD/CAD Rebounds from Demand Zone: Bullish Continuation in SightThe USD has shown a strong and positive response to today's economic news, signaling potential for further gains. After a temporary pullback yesterday, the Dollar is now demonstrating resilience, looking ready to recover and continue its bullish movement. This performance aligns well with our previous market analysis, where we anticipated a potential surge in the USD/CAD pair. After the pair found solid support at a key demand area, it now seems primed for an upward continuation.
From a technical perspective, the rebound on the demand zone has set a solid foundation for further growth. This area has proven to be a reliable point of reversal in the past, and the pair's recent price action suggests a renewed bullish momentum could be unfolding. The USD/CAD pair’s ability to hold above this critical zone increases the probability of a sustained upward trend in the days to come.
Adding to the technical picture, the COT (Commitment of Traders) Report reflects a market sentiment that favors the USD. According to the report, large institutional players have been positioning themselves in favor of the Dollar, while retail traders appear to be on the opposite side of the trade. This divergence between the smart money and retail positions is often a key indicator of a potential continuation of the trend. As institutional traders continue to build bullish positions, the likelihood of further upward movement in USD/CAD increases.
Additionally, seasonal patterns for this currency pair are historically aligned with periods of strength for the USD during this time of year. Over the years, USD/CAD has shown a tendency to rise during similar market conditions, adding another layer of confidence to the bullish outlook. While seasonality alone is not a decisive factor, when combined with strong technical and sentiment indicators, it provides valuable insight into the market’s potential direction.
Overall, the combination of technical analysis, market sentiment, and seasonal trends suggests that the USD/CAD is in a favorable position for continued growth. Traders looking for long opportunities may find this to be an ideal setup, especially as the pair navigates through what appears to be the beginning of a bullish momentum. As always, keeping a close eye on upcoming economic data and market events will be crucial in confirming the strength of this potential trend.
✅ Please share your thoughts about USD/CAD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Read The USDCAD MarketLet's Look at USDCAD Price Actions and find some Trade Opportunities, Good Luck With Your Trades <3
USDCAD Strong BearishMy 3 reasons to expect bearish:
-Tweezer top pattern on daily which is strong pattern,
-It's rebound from OB area also on daily
-It's rebound from previous resistance
Technically all condition is available to support bearish but the dollar index is still bullish. If index not close over 103.36 this will support my idea.
USDCAD SHORT-TERM SELLPrice may likely drop down to 1.3737 price traded high yesterday after the release of Canada inflation rate. I anticipate a sell off from the current price. Target is 1.3737
USDCAD Short Fakeout TradeUSDCAD Short Fakeout Trade
In the Asian session we close above the Previous Weekly High and Asian open price and then returned below, waiting for push down.
Stop Loss 10 pips above the zone: 1.37914
Take Profit: 1.37593
1. R:R 1:1, 0.5% Risk
2. After reaching TP closing half and moving SL to Breakeven
3. Trailing the rest with market structure on M15 and later H1
Close the loser before hitting full SL if price moves back to the breakout level without follow-through.
Close the winner if a reversal signal forms (e.g., engulfing pattern, pin bar), especially on higher timeframes like H1.
USDCAD H1 I Bearish reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 1.3801, which is a pullback resistance
Our take profit will be at 1.3739, a swing-low support level close to 23.6% Fibo retracement.
The stop loss will be at 1.3854, above swing high resistance 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. 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, previously FXCM EU 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.
USD/CAD generates sell signal after massive winning streak The USD/CAD epic winning streak is over, delivering an obvious topping signal on Tuesday.
There’s a couple of options available to traders: the first would be to sell now with a stop either above 1.3792 or Monday’s high of 1.3806. Possible targets include 1.3700 or 1.3647, depending on the risk-reward ratio you’re looking for.
The other would be to wait for a potential push towards 1.3792, allowing for a stop to be placed above Monday’s high or 1.3839 for protection. Targets would be identical to option one.
Momentum indicators have yet to confirm the price signal, but may encourage more traders to join the move if they too are triggered.
With no major data set for release in the US or Canada or Wednesday, traders may begin looking towards the US jobless claims, retail sales and industrial production reports on Thursday.
As I’ve discussed in the note attached, it would not surprise to see another ugly jobless claims report given disruptions caused by Hurricane Helene and Milton on the US Gulf states, creating downside risks for US bond yields and dollar.
Good luck!
DS
Bearish drop?USD/CAD has reacted off the resistance level which is a pullback resistance that lines up with the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.3787
Why we like it:
There is a pullback resistance level that lines up with the 23.6% Fibonacci retracement.
Stop loss: 1.3826
Why we like it:
There is a pullback resistance level.
Take profit: 1.3749
Why we like it:
There is a pullback support level that aligns with the 23.6% Fibonacci retracement.
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.
USD/CAD Hits 1-Month High, Bullish Continuation ExpectedHello,
FX:USDCAD pair has experienced a significant rise, reaching a new one-month high at 1.38387. Further bullish movement is anticipated, with the expectation of continued upward momentum if the price can break and hold above this recent high. Current data and market sentiment support the likelihood of this continuation.
TradeWithTheTrend3344
USD/CAD Hits 1-Month High, Bullish Continuation ExpectedHello,
FX:USDCAD pair has experienced a significant rise, reaching a new one-month high at 1.38387. Further bullish movement is anticipated, with the expectation of continued upward momentum if the price can break and hold above this recent high. Current data and market sentiment support the likelihood of this continuation.
TradeWithTheTrend3344
USD/CAD Daily AnalysisAfter 9 consecutive bullish daily closes, USD/CAD printed a Shooting Star candle after retesting the broken daily trendline. There is potentially some downside to follow if we break the low.
USDCAD BearishUSDCAD is showing trend reversal at 1H timeframe price has broken its support level, therefore the trade plan is to short.
USDCAD Big DownTrend ConfirmedWe were waiting for a 1hour candle close below our level and we just got it. I expect a retracement before we drop off hard. Look at my previous trade idea post and this chart for more information.
Let me know your thoughts below.
Usdcad short trade ideaHello everyone, I've identified a fresh supply zone in the USD/CAD pair, and the location is quite appealing.
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!
USDCAD SWING SELLPrice is currently selling from weekly supply zone. Expect USDCAD to sell to weekly low
USDCADCurrently on USDCAD on the daily timeframe you can see that price just reached the CSD and immediately respected it, and also the price is above the true month open, which is another advantage and also, we are waiting for the daily candle close so that so that target the previous day low which my influence price to go down, hopefully we also close below the previous week high, then head for its lows
USDCAD 10/15-10/21Simple correction of the bullish movement. Could retrace to the .618 line, but in the names of risk management and profit preservation, we'll target the 50 yard line.
USDCADUSDCAD is in reversal zone.
Big bearish divergence also shown in RSI.
We wait for further confirmation.
If it will break the last HL then we will enter into the trade.
USDCAD - Candle Stick trading- Long Market is in bull trend, forming series of HH and HL. market is taking corrective move and it can bee seen that, after strong bearish move, inside bar is formed followed by inverted hammer which implies that selling pressure has been absorbed. now we are taking long position.
