SELL USDCADIn todays session we are monitoring USDCAD for selling opportunities. Our entries are at current price 1.37552 and our targets at 1.36689 and much much lower. Our stops are at 1.37820. This will be a great opportunity to short the dollar. Use proper risk management. Shortby GeminiWealthGroup6
USD CAD The USD/CAD pair extends the rally to around 1.3745 during the early Asian session on Friday. The hotter-than-expected US inflation data and hawkish comments by Federal Reserve officials provide some support to the Greenback ahead of the US September Producer Price Index and Canadian job data. USD/CAD extends upside to near 1.3750 ahead of US PPI, Canadian job report Confirm chart Shortby JohnHarry_73
USDCAD h4 | Bullish Reversal Based on the H4 chart analysis, we can see that the price is falling toward our buy entry at 1.3703, which is an overlap support. Our take profit will be at 1.3804, a pullback resistance close to the 161.8% Fibo extension The stop loss will be placed at 1.3635, which is a pullback support 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. Longby FXCM5
Journal Journal Journal!The reason why we are still not rich is because we are driven but not serious, we are passionate but not focused. Knowing what you want and knowing what the market does are two different things, have an intention, My side when I don't know what to make of the chart, I fold my arms and open my music pad. For this chart I fold my arms and wait for the two points Identified to be tappedby TheDemoTrader_SA0
USDCAD SC4M H&S M highs W H&S Fib compl -68 D Rejection candle 4H Decel 3 1H Ascending channel with H&S DXY M zone Weekly Inv H&S is still not made Shortby janssensyorben4
Looks like we can get a pullback from hereLooks like we can get a pullback from here I will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation. Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔ Shortby Dave-HunterUpdated 12
USDCAD 1:7 RR trade idea The dollar index almost hit a 2 year low but the price reversed only half a percent higher from the said level. After CPI news, the dollar ended its bullish streak, after touching the highs of 2020. For that reason the USDCAD, which has just finished its second bullish leg by the Elliot Wave theory(6 bullish days in a row). Currently looking for a second correction, to what quarterly VWAP high indicates. Looking for a 7% short trade setup(1% risk) targeting 1.365(Quarterly VWAP + 0.382 retarcement) for 100 pips. This analysis is taught and provided by Fractals Trading Community. Trade safely and expect the unexpected, MeiShortby martinmei3314
CADUSD LONG VERY SOONM/M CAD coming tomorrow In the green zone, looking for an escape with a lower low then an explosion at the top Combining fundamentals and technicals, seems safe to say that after a liitle zig-zag tonight, any CAD asset will go through the roofLongby edl753
USDCAD → Breakout. One step away from distribution...FX:USDCAD makes an attempt to break through the resistance of the “wedge” consolidation on the background of a growing dollar, the reasons for which are economic data from the USA. NonFarm Payrolls are ahead! On the weekly timeframe, the currency pair is bouncing off the support trendline and heading towards resistance, the pattern as a whole resembles an ascending triangle. But still it is a global sideways range. The movements in it are quite difficult and the price is dragging between the local levels. Ahead is the NFP report, which may become an engine for the price, and based on the assumptions from Wednesday and ADP NonFarm we can assume that on this background the growth of the dollar and the currency pair may continue. Technically, the bulls are trying to hold the defense above the previously broken resistance. The impulse is beginning to form... Resistance levels: 1.358, 1.364 Support levels: 1.353, 1.347 If the bulls keep the price in the new plane (buying zone), the price may reach the nearest targets quite quickly. If the news will be favorable, then in this case a rally to the distant targets may be formed. Unpredictable data will bring the currency pair back to the range and may bring the price down to 1.347 Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDCAD ;) Regards R. Linda!Longby RLindaUpdated 8836
USDCADUSDCAD is in strong bullish trend. Potentially printing HH and HL. No sign of reversal here. We buy at CMP.Longby Naqash91444
Market Analysis 10/10/24Hello, thank you all for taking the time to join me again. this video is intended to review the fundamentals and current trends/ prospective trades.11:58by milesjohnson7781
USDCAD - Parabolic Exhaustion?USDCAD has been in a strong bull run for the last week with price increasing at an increasing rate leading to a parabolic extension. I may be time to revisit the Mean. Wait for confirmation of fan trend line breaks before entering, as the bull run could continue basis the upcoming news. by fugutrader4
USDCAD hit the 61.8% retracement Intraday Update: As expected in the end of day update yesterday, the USDCAD has hit the 61.8% retracement at 1.3748 (high of 1.3747 this far) and the overbought RSI may suggest that we may see a bit of a pullback near these levels ahead of CPI. A strong US CPI print could put the 1.3791 in play next.by ForexAnalytixPipczar0
USD/CAD FX | Pre US CPI Key DataUSD Strength has fed well into this week and brought USD/CAD off from the mid-point of the long term sideways movement we have seen form over time. Any hopes that are further extended (Soft Landing) will likely reduce inflow into USD (Dovish). Any other outcome that supports a hawk case will likely do the opposite. Price momentum really allows for spread out shorts, should you take them nearer the upper sideways TL. by WillSebastian6
END of USD Bullish Euphoria?USDCAD seems to be approaching a major resistance zone. Price is creating a massive head and shoulder pattern on Weekly chart. From next week we can look to sell USDCAD. For now, we allow price to complete bullish move into the 1.38 resistance. Be on the lookout for this one.Shortby Technical_AnalystZAR7
USDCAD Last Bullish StretchWe will be looking to buy USDCAD for the last time this year. The double bottom is almost complete but not quite. CPI data will push the DXY a bit higher. We can buy now or wait for a retest on Wednesday's highLongby Technical_AnalystZAR1
USDCAD Rally Hits Critical Resistance – Time for a Short?USDCAD has surged in October, but multiple confluences suggest a short-term selling opportunity is emerging. Let's break down the charts. Starting with the weekly charts, we can see that USDCAD has been in a long-term range-bound market between 1.39 and 1.32, with price consistently respecting this range over the past two years. I've marked another key resistance area at 1.375 in red, which has also held strong multiple times in recent years. This is the first confluence. The second confluence becomes clear when we zoom into the daily charts. Lining up perfectly with the weekly resistance at 1.375 is the 0.618 fib level from the down leg that started in August (see image below). Now, taking a closer look at the 4-hour charts, the price is extremely overextended and overbought. When price action reaches this point, especially as it approaches key higher timeframe resistance zones like we are now, a reversal is usually imminent. Given these confluences, a selling opportunity seems highly likely. With the US CPI data being released today, we could see a spike above 1.375 towards 1.38, followed by a sell-off. Here’s how I plan to approach this: I’ll wait until after the news. If there’s a sharp spike above the mentioned resistance areas, I’ll fade the move on the first SELL signal from the lower timeframes using my TRFX indicator. If there’s no spike and price continues to grind up, I’ll be watching for a 30-minute or 1-hour sell signal and will enter the market accordingly. My first target for this setup is 1.36, with a stop loss around 1.383, depending on where I enter. Let me know your thoughts in the comments below!Short06:52by TheFxAce9917
USDCAD 6 days up 0 pullbacks, does that mean its time for a pullHmmm I would like to get some comments from what you guys see on USDCAD pleaseShortby ChameleonInvestments6
BUY USDCADUnfortunately, our previous signal failed due to low stop loss. After hearing the words of Mr. Powell, the market acted very excited and weakened the dollar. Mr. Powell did not say anything new that could further weaken the dollar. This week I expect a rise for the US dollar. This is a very good place to buy USDCAD. The Canadian dollar has nothing to say against the US dollar. This suggestion of mine may contain errors. Take care of your money. good luck Entery price : 1.3507 SL : 1.3415 Tp : 1.3800Longby foad_traderUpdated 3
Sell opportunityThe USDCAD pair presents an enticing Sell opportunity at the current price of 1.37251, with favorable potential for profit. Targets: Primary Target: 1.36457 Secondary Target: 1.36062 Breakout Scenario: 1.37590 In the event of a breach above the Support level of 1.37590, indicative of a Bullish breakout, the target price is anticipated to ascend towards 1.38000. Technical analysis indicates a notable Selling sentiment prevailing in the market at the present price level. Fundamental factors align with the proposed Sell strategy, suggesting Downward pressure on the USDCAD pair. Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements. Disclaimer: This analysis is provided based on current market conditions and historical price data. Traders are advised to conduct independent research and exercise caution, employing appropriate risk management techniques, before executing any trading decisions.Shortby GODOCM116
#forex #usdcad #buy#USDCAD #BUY #The price has formed a classic W data return pattern and the indicator has diverged at the price floor, and the 30 area indicator has penetrated upwards. #SL:1.34183 #TP:1.37178Longby mohamadaminsajjadiUpdated 5
USDCAD SHORTlast time out I published a long idea, i hope you guys got something from it. now im shifting my focus to the shorts prior to CPi this week. price is currently at a weekly FVg and i think it will react bearish from the imbalance. Shortby Xavier2545
USDCAD waterfall dropUSDCAD reaches it’s high, it been quite some time it didn’t have any drawbacks. High chance it will drop at this moment. Shortby Wishforme1997226