USDCAD SHORTS-We have weekly bearish structure (LL and LH) -We have daily bearish structure (LL and LH) -We have 4hr bearish structure (LL and LH) -Currently approaching area of interest of 1.35000 -Psych level -50% fib retracement level Shortby jplunalUpdated 222
USD/CAD Bullish Trend Hinges on ISM DataThe current USD/CAD outlook remains cautiously bullish, but the upcoming ISM Non-Manufacturing PMI data will play a critical role in shaping the pair's next move. Positive Factors for USD/CAD: Strong US Data: The recent ISM Manufacturing PMI was strong, indicating resilience in the US economy. If the Non-Manufacturing PMI also shows growth, particularly in the services sector (a large part of the US economy), it would further strengthen the USD, pushing USD/CAD higher. Hawkish Fed Outlook: The Federal Reserve has indicated it may keep rates elevated for a longer period if inflation remains a concern. Any robust economic data like a positive ISM print would reinforce this outlook, making USD more attractive to investors and pushing USD/CAD upwards Potential for a Bearish Turn (Bullish for CAD): Weaker ADP Employment Report: The ADP Employment report showed weaker-than-expected job growth, which could signal a slowdown in the US labor market. If the ISM Non-Manufacturing PMI data follows a similar pattern with weaker-than-expected numbers, it may lead to a bearish correction in USD. A softer labor market will reduce the pressure on the Fed to keep rates high, weakening the USD. Oil Prices: CAD is closely linked to oil prices, and any upward movement in oil can strengthen the Canadian dollar. If ISM data disappoints and leads to a weaker USD, combined with rising oil prices, USD/CAD could see more downside. What's Next ? ----------------- While the current technical and fundamental indicators lean toward a bullish trend for USD/CAD, the upcoming ISM Non-Manufacturing data will be crucial. If the data surprises to the downside, it could trigger a bearish USD correction, allowing CAD to gain strength. On the flip side, strong ISM data would likely reinforce the bullish USD/CAD trend. Traders should be prepared for volatility based on this key economic release.Longby ClearTradingMindUpdated 2
my Trade idea on USDCAD for a sellfrom my strategy stand point, am positive on seeing usdcad for a possible sell. been in an uptrend in a while, so am seeing that we want to sell confirmed from my strategy. so if you are with me on this trade just set your sl on that high, nfp can be very volatile \. am positive that we will end our weekend with profits.by jamesantiah111
USDCAD2stop filled. we should waiting for clear setup for new entry. finally we can see a main movement from usdcad . be patient .by amirelwavesUpdated 3
USDCAD DAILYWave E formed move your stop below E We need a correction for new bullish movement.Longby amirelwavesUpdated 3
USDCAD Fri 04 Oct Daily : Bearish Trend, level 1 identified H4 : False moov almost completed H1 : Wait for Price to CHoCH and RetestShortby BrouEbo0
USDCAD SELL PROJECTION We can see price has touched our low probability POI but I would specially prefer it to touch the 1D POI for strong sell. Shortby Silveryekerete4
USDCAD LONGSWeekly: Current candle broke previous low. However, it didn't close below. Daily: Bullish 4h Bullish Area of interest Psych quarter level 1.35250Longby jplunal0
NOT buying USDCADThe USDCAD price has moved into the Daily sell zone, which suggests the possibility of new sell positions entering the market, potentially driving the price down. In the case that the zone is broken, there is a high likelihood of further price increases (which, in my opinion, is less likely). For those looking to short, I would recommend looking for a simple breakout pattern on lower timeframes and participating accordingly. BUT make sure to wait until after the NFT news and observe what market will do with price. Good luck, and stay cautious, don't forget it's Friday!Shortby forex_member1
check the trendThe uptrend is expected to continue up to the specified resistance range. Then, according to the behavior of the price in the resistance range, the continuation of the movement process will proceed according to the specified pathsby STPFOREX0
USDCAD H4 I Bullish Reversal Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.3535, which is a pullback support Our take profit will be at 1.3570, which is an overlap resistance level close to 78.6% Fibo projection The stop loss will be placed at 1.34943, 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. 68% 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. 73% 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 FXCM2
USDCAD SETUP for shorts OANDA:USDCAD market direction is bearish once we break out the bullish trend we're most likely to see an impulsive move to the downside. Shortby Michael080k448
USDCAD SELL | Idea Trading AnalysisUSCAD is moving in a descending channel, We expect the decline to continue after the dynamic resistance is retested. USDCAD is near the resistance, where price dropped before. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCAD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝Shortby TheGroveUpdated 336
USD CADTHIS IS MY SETUP FOR USD CAD I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3. Trade carefully This is not financial advice, DYOR. Shortby betimmavriqi0
USD/CAD "Loonie" Bank Money Heist Plan on Bullish Side.Hallo! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist USD/CAD "Loonie" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss 🛑 : Recent Swing Low using 2H timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂Longby Thief_TraderUpdated 5
USDCAD (H1) - Probable Next Move.Trade Reason: 1. Weekly Down Trend. 2. H1 Base & Order Block Aria. 3. H1 Strong Bearish Pinbar. 4. Touch Daily EMA20 Resistance. Hello Friends! I hope it will touch the "1.35093" level then it can make some corrections. After her correction, it has more chances to touch the "1.34957" level. But if it create counter setup, then close it instant. Do you have any questions, suggestions, or feedback? Then write a comment or private chat. If you need any help, info, or analysis. Then knock me without any hesitation. …Thank you…Shortby LearningForexB2Updated 0
USDCAD BUY ENTRY CHARTHere we are looking at a BUY CONTINUATION on this Pair, as the USD as shifted its trend to the upside,and CAD has shifted to its originated trend, now on USDCAD, trend is UP, and price is sitting on a DEMAND, we have additional confluences to this signal, with a LTF comfirmation. you can add to watch-list if this matches with your ideaLongby LOVEGODFX2Updated 3
USDCAD- Trend Continuation Trade IdeaA simple Sell strategy at the 0.71 Fib levels. Bearish FVG aligns with the entry and I'm expecting a continuation in the bearish trend after the retracement. My expectation is a simple 1:2.45 RR and will start trailing my SL to BE when I reach 1:1 Entry: 1.35405 SL: 1.35899 Target: 1.34197 Happy trading and Good Luck guys! Shortby Mojo_0906Updated 223
USDCAD - Long Hiiyyaa, we are looking at USDCAD for a buying opportunity around XXXXX zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at XXXXXX support and resistance area. Trade safe, Roe. Longby Dezzert_Faux114
Had to happenTriple top broke down the ascending trendline. The test failed. Now is going back down to the demand zone. SL triggers if a weekly candle closes above the trendline breaking back.Shortby ArturoL0
Bullish bounce?USD/CAD is falling towards the support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.3461 Why we like it: There is an overlap support level which aligns with the 61.8% Fibonacci retracement. Stop loss: 1.3420 Why we like it: There is a pullback support level. Take profit: 1.3536 Why we like it: There is a pullback support level. 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.Longby VantageMarkets5
USDCAD, BUY IDEAI am technically bullish on USDCAD, on H4, the price has been rejected at the shown order lock, and thus confirming the continuation of the previous bullish trend. I am expecting the price to surge higher to the buy side liquidity as indicated in the chart, we also have a bearish order block at my target level, and thus increases the chances of the price moving up further. Fundamentally, The ADP Nonfarm employment change(sep) data release has come out bullish 14k(Actual), against a forecast of 124k. Therefore, technically and fundamentally USDCAD is bullish. This is not a financial advise, its a trading idea, apply proper risk management. Always remember that risk management is our SUPER POWERE here. like, comment and share your opinion in the comment sectionLongby TheForexDon227