USD/CAD (DAY) Short time Selling.in Day time frame looking for selling position,
From fib-retracement level 1.38341, and also sell limit from here (1.38341),
TP 1- Must be 1.37463
TP 2- Must be 1.35427
USDCAD trade ideas
USDCAD Weekly Chart Analysis for Position Traders💥 Get ready for a potential massive move on USDCAD! 💥
📊 This week, USDCAD printed a fresh IFVG (Inefficiency Fair Value Gap), signaling a trend reversal. What does this mean? Buckle up, because I believe we could be headed for 1.5400 📈 in the coming months, with a relatively equal high target at 1.4800. Any sudden dips in USDCAD are golden BUY opportunities! 🔥
💡 Retail traders, pay attention! While many are betting that potential rate cuts will weaken the USD, they might be in for a BIG surprise! Rate cuts don’t mean a weak dollar – they signal that the economy needs lower rates to support growth. 💰 Did Powell just drop a hint that a recession might be looming over the US? 🤔 With interest rates now back to levels we saw prior to the Global Financial Crisis (GFC), things could be heating up!
🚀 Position traders – this is your time to capitalize! Keep your eyes peeled for those key levels and stay sharp! 📉👉📈
Happy trading!
USDCAD 10/20 ~ 10/25 Analysis Initially anticipating a deeper retracement, last week's Wave 4 was exceptionally short. Combined with the extremely bullish and extended Wave 3, Wave 5 has a good foundation for a strong bullish continuation- possibly an extended one.
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
USDCAD might build another leg upThe Canadian dollar continues to weaken against the US dollar amid reevaluating the FED's monetary policy expectations. Given the strong price discovery on USDCAD (it had jumped off the dynamic support of 20 and 50 moving averages for more than 3 daily volatility values), it may continue going up, after it completes the consolidation as shown in the chart.
Should the trendline be visible, it might represent a decent opportunity with low risk and extended reward. Breakout trades are usually quick and don't require a wide stop.
Remember to always manage your risk!
USDCAD SELL still active, Please set a Breakeven!Hi everyone,
So this is our OANDA:USDCAD trade from a few days ago, its in profit, not by much, It seems to be forming a Head and shoulders long again, so better set a breakeven on this one. If its goin down it will, its also Friday, the last day of the week.
USDCADUSDCAD
The best course of action right now is to observe price build up so you have something to work with and can forecast the next price level. The price is now ranging, and a candle break above or below will define the next price objective.
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.
Short USDCADUSDCAD is currently in a weekly POI and there has been a strong rally to the top. I will be expecting a retracement. The weekly POI is a good zone to retrace
Confirmation, break and retest on 1hr structure
USDCAD BuyBuying USDCAD based on eyeballing the area of value.
Imploded alot these few days, I dont know what I am doing anymore LOL.
USDCADAll I can say here, I've been long waiting for this pair to get here for months now because this point here is a very critical level for the exhaustion of the bulls, so from technical perspective I'm expecting a push downward from here. Not a financial advise though, we know how the fx world operates
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.
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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!
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.
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.
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
USD/CAD For Bullishyou can go long now
or
wait for break current resistance at red arrow and go long with retest
or
wait for entry point for long
have fun :)
USDCAD Sell EntryThis is yet another chance to sell USDCAD. Yesterday we sold and price quickly dropped but recovered early in the morning. Would like to see continued sells into 1.3672 support
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.
#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.
USDCAD showing weaknessUSDCAD on one hour chart has printed ist lower high after continuous uptrend price has stop rising which indicates that trend might change from this point good opportunity to sell at current price.
