Long USDCADCAD is weak overall. USD is seen getting strength.
All other currencies have made a higher higher and epecting CAD to do the same.
RSI is also above 50 which shows there is strength in the movement.
USDCAD trade ideas
USDCAD Buy under certain criteriathis trade is quite risky due to the holiday of CAD today.
Just have a look at this with own analysis.
Usdcad long until Next supply zoneChecklist:
1. Overall Market structure BEARISH
2. Fibonacci- price is at discount zone
3. Recent bullish b.o.s (with demand zone)
4. 2 unmitigated supply zones
5. Internal market structure BULLISH (until next UNMITIGATED SUPPLY ZONE)
🌟🕣
USDCAD - Bullish Trendhe USDCAD chart is currently exhibiting a strong bullish trend characterized by a series of higher highs and higher lows. This upward movement indicates robust buying pressure.
Higher Highs and Higher Lows: The consistent formation of higher highs and higher lows reinforces the bullish trend, suggesting that the price is likely to continue rising.
Absence of Divergence: The lack of divergence further supports this bullish outlook, indicating no signs of potential reversals or weakening momentum.
Conclusion
In summary, the USDCAD chart shows a healthy bullish trend, with indicators suggesting further upward movement. Traders should remain vigilant for any changes in this pattern.
A sellLooking at the overall trend and resent bearish structure, considering all liquidity created and cleared, I consider it a good sell
Bearish reversal?USD/CAD is rising towards the resistance level which is a pullback resistance that is slightly above the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.3549
Why we like it:
There is a pullback resistance that is slightly above the 50% Fibonacci retracement.
Stop loss: 1.3617
Why we like it:
There is a pullback resistance level.
Take profit: 1.3462
Why we like it:
There is a pullback support level.
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USDCAD H1 | Bearish Reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 1.3538, which is an overlap resistance and a 50% Fibonacci retracement.
Our take profit will be at 1.3493, a pullback support level.
The stop loss will be at 1.3586, a multi-swing resistance level.
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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.
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UsdCad Trade IdeaUsdCad has overall been in a clean range between 1.36165 and 1.34400 but structures are bearish at the moment. Price can either respect the last lower high and crash back down to 1.34400 to follow the trend or break and retest above for longs to continue that overall range of 1.36165 and 1.34400.
USDCADWe looking for buying opportunities as we have broken outside the bearish momentum resulting in a reversal of bullish momentum of buys| 1H TIMEFRAME
USD/CADComplete analysis of the USD/CAD pair
1- The presence of an ascending price channel on the daily frame
2- Touching the price channel from below
3- The emergence of strong demand areas
4- The appearance of divergence on two RSI-MACD indicators
5- The appearance of a Japanese candlestick pattern that supports the rise
So we start looking for deals to buy
USDCAD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
USDCAD View!!The dollar fell on Friday after a reading of U.S. inflation signaled price pressures continue to ebb, while the yen strengthened against the greenback after Shigeru Ishiba, seen as an interest rate hawk, was set to become Japan's next prime minister.
The U.S. personal consumption expenditures (PCE) price index rose 0.1% in August, matching expectations of economists polled by Reuters, after an unrevised 0.2% gain in July. In the 12 months through August, the PCE price index increased 2.2% after rising 2.5% in July.
A SELLConsidering the trend and overall structures both liquidity cleared and created, I will consider a sell for this market.
USDCAD POTENTIAL LONG OPPORTUNITYHello Everyone!
How are you all?
UsdCad is a pair to watch this week, because it is shaping up very nicely for a sell trend continuation that we can capitalize on.
So, I will be looking for a sell continuation because of the following reasons:
1. The trend is bearish.
2. The price has formed a continuation structure.
3. The price is approaching the value area.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the High, and makes a bearish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
Short on usdcadSelling the usd. Sentiment on more sells
Sharing this trade signal.
Price is currently inside OB. Formed a doji on the 4hrs.
Could start reversal immediately on market open.
⛏️ HERIK
Analyze USDCAD Chart in All ScalesLet's Look at USDCAD Chart and Analyzing Price Action to Read The Market of this Chart and Find Some Trade Opportunities, Good Luck With Your Trades <3
USDCAD LONGPrice grabbed liquidity on the weekly then created a 4HR FVG. price then tested this FCG on friday during the news release providing an opportunity for buys on lower timeframes. I think it will trade into the daily Orderblock around 1.36200. keep an eye on that going into next week
USDCAD: Price Action Analysis & Bullish Outlook USDCAD has formed two bullish chart patterns: a falling wedge and a cup-and-handle pattern within it.
Recently, a single 4-hour candle breached both the pattern's neckline and the wedge's resistance line.
This breakout suggests a bullish trend continuation, targeting 1.4543 and 1.3571.
Tips for Managing EntriesGetting your entries right is a big step forward on the path to successful trading. In this post, we’re going over three techniques to potentially improve your entry point and, by extension, hopefully get in trades at more favorable price levels that could ultimately increase your profit per trade.
1. Planning For Breakouts (Or Breakdowns)
Use pullbacks and breakouts to enter at the beginning or end of a trend. Draw out your desired levels, write them down, and get prepared for the exact entry that you see on the chart. Breakouts occur when a market trades through support or resistance levels, signaling a start to a new trend. However, be cautious of fake-outs, and remember to use stops to manage risk. Preparing for breakouts, and clearly marking them on your chart, can help you optimize entries.
On the chart above, we show the USDCAD pair and an example of a trading range that, if broken through, could signal the start of a breakout. Where would you plan your entry if that happens? This is the type of education we hope to provide.
2. Confirmed Entries Across Multiple Timeframes
Confirm trends by using additional timeframes. For example, if you spot a pullback on a four-hour chart, check a daily chart to confirm the broader trend. Alternatively, you could zoom in even more, for example, on a ten-minute chart, to see short-term buyer or sellers and where the ideal entry might be, as the price nears your desired level.
Using multiple timeframes can help you see the bigger picture, as well as the finer details. This can ensure you’re aligned with both the macro and micro trends.
3. Taking a Broader View
Understand the broader market conditions, including major trends and fundamental factors like economic releases. This holistic approach tells you a few important details about the market, and if it’s moving in the same direction as your trade, or if there’s major news coming that could potentially spur volatility.
We hope these three helpful tips will be valuable on your trading journey, specifically showing you some ways of looking for the best possible entries for your positions. Thank you for reading our latest educational post about becoming a swing trader! Be sure to follow us for more updates and educational resources like this.
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