USDCAD weekly shortUC completed a 5 wave upmove and i am expecting a 3 wave correction from here. Theory is based on EW
USDCAD trade ideas
usdcadAccording to the strategy I used, usdcad fulfilled all the rules and I set the SL to be 30pips and the TP to be 50 pips.
USDCAD LoongBased on the previous analysis using a longer timeframe, I am anticipating that the price will continue with the bullish momentum.
Entry point at 1.397, SL at 1.39 and TP at 1.41
Tariff Risks GOOSE USDCAD higherAsian Session Update: USDCAD broke higher towards the channel resistance at 1.4170's as Trump proposed 25% tariffs on Canada and Mexico. Keep in mind, he is NOT president YET. However, it has freaked any USDCAD shorts out of their positions. Channel resistance should be strong in European trade.
US Dollar Set to Skyrocket Against CanadiMassive Bullish Alert: US Dollar Set to Skyrocket Against Canadian Dollar! 🚀
We could be looking at 1.60, levels not seen since 2001...
Just before the Dot Com bubble imploded!
Is history about to repeat itself?
#USDollar #DXY #MilkshakeTheory #CanadianDollar #ForexTraders
Usd-Cad weekly So we can se this pair retested a strong zone 1.3957 . Its a good option to enter now and risk 2 to 4 % . Everyone need to check my stop loss it higher than usual . But for swing trder its a good entry
SELL USDCAD for bullish trend reversal STOP LOSS : 1.41198SELL USDCAD for bullish trend reversal
STOP LOSS : 1.41198
Regular Bearish Divergence
In case of Regular Bearish Divergence:
* The Indicator shows Lower Highs
* Actual Market Price shows Higher Highs
We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart.....
The daily time frame is showing strength of trend reversal from this level resistance so we are looking for the trend reversal and correction push from here .....
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Potential Retest of the 1.45 Level USD/CADDeclining oil prices, a robust dollar, and disparities in interest rates may drive the USD/CAD pair to revisit the 1.45 mark.
As a significant oil exporter, Canada's currency is tightly linked to oil prices. A marked decrease in crude oil prices, resulting from easing geopolitical tensions and reduced demand, could devalue the Canadian dollar.
In the past month, NYMEX crude oil futures have shown a consistent downward trend, with the COT report indicating that large institutions and hedge funds are pessimistic, increasing their short positions in these futures.
As of late November 2024, the Federal Reserve's target range for the federal funds rate is set at 5.25%–5.50%. Meanwhile, the Bank of Canada has cut its overnight rate to 3.75%, with the bank rate at 4.0% and the deposit rate at 3.75%. This results in an interest rate differential of about 1.5% to 1.75% favoring the U.S. dollar, bolstering its strength against the Canadian dollar in the foreign exchange market.
The ongoing upward trend in the USD/CAD pair, fueled by these factors, could lead the pair to challenge the critical 1.45 level once again.
A x1.5 ATR stop loss from current pivot zone or a drop below 1.35 would invalidate the trade. You can put on a tighter ATR stop loss if trading on daily or 8hr/4hr to improve risk : reward.
www.tradingview.com
USDCAD=BUY =1.39647If USD/CAD reaches the blue line, it is expected to continue rising towards the green target zone. The high liquidity in the blue area indicates strong market interest, making it a key support level that enhances bullish momentum. A buy stop is placed at 1.39647 for additional confirmation.
USDCAD- Bearish OpportunityThe Endogenous factors for USDCAD are stable and increasing but Exogenous factors are decreasing. The seasonality for USDCAD also shows a sharp fall in the last week of November and the first week of December.
Technical analysis also shows that USDCAD has made a new LL and LH after a bearish divergence at 4H but is getting support from a strong support zone. Wait for the break of this support to enter a short position.
USDCAD short scenario USDCAD price is still testing resistance for the third time and failed to break it up, the price now is forming a triple top pattern following by bearish candle, the seller are already showing their presence, my forecast is the price will continue down until level 1.3900
USD/CAD LongAs in previous days the bank broke its last investment to push the market down and they reached the zone where they invested to push the market up (Picture 1. See on my profile)
I waited to see two exits on 1 min and I entered the trade.
Take profit at the red line, I moved the stop loss to the breakeven.
See you later.
Idea on a trade.We have a nice set up USD/CAD reverses an early dip to a two-week low and draws support from a combination of factors.
Retreating Oil prices undermines the Loonie and acts as a tailwind for the pair amid a bullish USD.
Falling US bond yields might cap gains for the USD and any further appreciating move for the pair.
USDCAD_1Dhello
US dollar to Canadian dollar analysis Daily and mid-term time frame Elliott wave analysis style The market is rising in 5 Elliott waves, which is currently correcting in wave 4, wave 4 can complete its abcde in wave 5 and continue to climb again to complete wave 5. The support of wave 4 is 1.38465 The target of wave 5 is 1.41767 and 1.42660.
usdcadAccording to the strategy I used, usdcad fulfilled all the rules and I set the SL to be 10pips and the TP to be 50 pips.
USD/CAD Return To Highs (Pot Hedge Zone)Areas like this are ideal if you are looking to protect former shorts that are out of the money.
It may be the case that as USDCAD climbs above highs there is a series of reliable long side movement to take advantage of.
This allows you to hold and execute exits on any former shorts reliably.
Looking long at mentioned areas to protect shorts.
USDCAD BUY the market is very slow for some reason am not gonna get into, but there is not much to loose if i loose this one, so i might just as well take it. fingers crossed
1-hr USD/CAD: Downward Momentum Could Extend The Death Cross, a classic bearish signal where the 20-day moving average dips below the 60-day moving average, confirms that sellers are in control of USD/CAD. The pair has already declined by 150 pips, with another 100 pips of downside potential if it moves to retest the previous support at 1.3850.
Over the past few hours, a 40-pip pullback occurred, but buying momentum appears weak as the price faced resistance near the 23% Fibonacci retracement at 1.3970. Sellers may look for better entry points to maximize profits from the prevailing downward momentum. A potential retest of the 1.3995 zone, corresponding with the 38% Fibonacci retracement level, could provide an ideal selling opportunity, aligning with the broader bearish trend.
This setup underscores the likelihood of continued selling pressure, particularly if resistance levels hold and downside targets are revisited.
USDCAD Bearish Break & RetestUSDCAD broke out of the channel and I believe it will go down to 1.38500
check the trendAccording to the price behavior in the current support range, possible scenarios have been identified.
It is expected that a trend change will form and we will witness the start of an uptrend
Sell usdcadJust show the last week false breakout
Daily and weekly overbought pair
We expecting a good bearish correction
usdcadAccording to the strategy I used, USDCAD fulfilled all the rules and I set the SL to be 5pips and the TP to be 30 pips.
