USDCAD trade ideas
USDCAD Long
USDCAD is now net long on the regression break.
I am considering my options on all pairs and the EA's to use.
USDCAD 1W is BullishThe pair has reacted to the bottom of its ascending channel, and with a positive hidden divergence alongside the weekly candlestick, an uptrend can be envisaged.
enjoy :)
Bearish reversal off pullback resistance?USD/CAD is rising towards the resistance level, which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.4060
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 1.4163
Why we like it:
There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement.
Take profit: 1.3904
Why we like it:
There is a pullback support level.
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USDCAD 1 MIN Chart Sell TrendHello,
I’m like a ghost, I come every so and so. Ready for some free trades?
USDCAD 1 MIN chart is showing a sell trend.
Please use risk management as sometimes they trends keep going up or down until they go with the trade.
I will advise you at the comments below when to close the trades.
So please follow for any notifications.
Thanks,
P.S… Should I start a trading community within TradingView? What’s your thoughts?
USDCAD: Short Trade Explained
USDCAD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell USDCAD
Entry Level - 1.3979
Sl - 1.4016
Tp - 1.3901
Our Risk - 1%
Start protection of your profits from lower levels
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2 continuation long playsFollowing this 18h BOS can we get retracement involvement to ride this high enough.
I will be looking for a MS change bullishly on the retracement leg.
USDCAD buy setup H1Hello! Friends,
Greetings. Please leave a Like if you like the idea.
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USD/CAD Bulls Could Just be Getting Warmed UpWe finally saw the reversal higher on USD/CAD last week, with a notable bullish engulfing candle strongly suggesting an important swing low. I take a quick look at last week's signal, update the analysis then wrap up on Canadian dollar futures positioning.
Matt Simpson, Market Analyst at City Index and Forex.com
Pottential buy at 0.39000Trading Journal Entry –
Trade Setup:
Monitoring a potential buy opportunity around the 0.39000 level.
Rationale:
On the higher timeframes (Daily/Weekly), the 0.39000 zone stands out as a significant long-term support level. This area has historically acted as a strong demand zone, where price found solid buying interest and reversed to the upside. It represents a potential accumulation area, likely to attract institutional orders if retested.
The overall market structure suggests a mean-reverting behavior, and with price approaching the lower bounds of the historical range, this level could serve as a high-probability entry point for long positions, especially if supported by bullish confirmation on lower timeframes. Price action and momentum indicators will be monitored closely for signs of strength and reversal near this level.
AUDCAD SHORT FORECAST Q2 W20 D12 Y25AUDCAD SHORT FORECAST Q2 W20 D12 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅ Weekly order block
✅Intraday 15 order block
✅Tokyo ranges to be filled
✅Intraday bearish breaks of structure to be confirmed
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
Possibility of uptrend It is expected that the uptrend will form until the specified resistance levels. Then there is a possibility of a trend change and the start of a correction. By crossing the resistance trend line, the continuation of the uptrend will be possible.
Heading into overlap resistance?The Loonie (USD/CAD) is rising towards the pivot, which has been identified as an overlap resistance and could reverse to the 1st support.
Pivot: 1.4097
1st Support: 1.3896
1st Resistance: 1.4268
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USDCAD TRADE SETUPWait for retest the entry level then take a trade for Buy otherwise skip this setup
USDCAD switch to bullrun, corection weeklyWe are curently switched last week on daily timeframe to bulish, 4h bulish, and so I expect to continue after retracement to buys until the resistance of weekly above
While above 1.3900, It Could Reach to 1.4030.Dear traders, last week we witnessed a clear and strong breakout of the falling trendline and the resistance at 1.3900, as well. This implies a strong possibility on continuation of the bullish impulse towards 1.4030 and maybe beyond, as long as the current support at 1.3900 holds. Thus, the pair may experience some consolidations above the support before the bullish move. Let's See!
Canadians Are DustedEssentially they have given their nation to communism and will suffer the consequences of poor economic performance especially when compared to the US. Over the long term CAD has only gotten weaker, and if you go back to 2007-2008 you see a massive dollar rally.
Due to future economic turmoil I see again the dollar outperforming similar to 07-08 and making new all time highs. We have already seen a retracement of all the gains USD made against CAD this year, in my opinion was expedited due to Trumps tariff tweets, now we shall begin the trend towards new highs.
While that is the macro view, my short term trade is that USD will see buys to 1.40. Only at that level is the potential for further downside possible. But till then we will see price move towards 1.40 after a retracement to 1.383
Note my chart is inverted
Just to be clear, first we will see shorts to 1.383, then we will see buys to 1.40. So a retracement then a continuation of the bullish dollar.
USD/CAD🔹Symbol: USD/CAD
🔹Price: 1.39009 & 1.38771
🔹Stop loss: 1.38588 & 1.38353
🔹Take profit 1: 1.39368
🔹Take profit 2: 1.39912
High risk: % 0/5 🔴
📊Check your chart before entering.
USDCAD: Bullish Move Will Continue 🇺🇸🇨🇦
USDCAD will likely continue rising after a retest of a recently
broken significant daily resistance cluster.
A double bottom pattern formation on its retest provides
a strong intraday bullish confirmation.
Canadian fundamentals data strengthened buyers even more.
I think that the pair is going to reach 1.3955 level soon.
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USDCAD Is Bearish! Sell!
Please, check our technical outlook for USDCAD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.393.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.388 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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USDCAD 4HHello traders! Here as you can see we have BOS 4H, and now divergence!
I expecting reversal on LTF for longs with tiny ST(1 entry - demand, 2 - order-block)
Have a profitable day!
USDCAD Massive Long! BUY!
My dear subscribers,
This is my opinion on the USDCAD next move:
The instrument tests an important psychological level 1.3792
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.3833
My Stop Loss - 1.3777
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
