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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

USDCAD-bias long Pair has showed inverted hammer in day time frame followed by the green candle in day time frame,Respecting the major support area multiple times indicates possible upward movement.1 hr : Inverted head and shoulder formed indicating bullish move ,Based on current structure and respecting fib level 0.382 from the base rally -it can go long . Trade plan bias long @ 1.4298 SL:1.4277 TP1:1.4375 TP2:1.4336 Bearish : MA 200 in 30 m and 1 hr is still above the price , price may react and fall below if respected.
Long
by gouthamkulal1
USD/CAD Analysis – Forecast for a Rise to 1.43455The analysis provided by Brokerir suggests a potential bullish move in USD/CAD from 1.42932 to 1.43455 in the short term. Below is a detailed breakdown of the technical reasoning behind this forecast. Technical Analysis & Chart Structure On the 30-minute chart, we can see that USD/CAD has successfully broken through the 1.42932 resistance level, which has now turned into a support zone. Following this breakout, the price has undergone a minor pullback and is currently stabilizing around 1.42941. This price action indicates a retest of the new support, which could lead to a continuation of the uptrend. MACD Indicator & Bullish Momentum A key factor in this analysis is the MACD (Moving Average Convergence Divergence) indicator, which confirms positive momentum: MACD moving averages are converging, signaling a potential bullish continuation. The MACD histogram is in the positive zone, indicating increased buying pressure. A crossover between the MACD line and the signal line strengthens the bullish outlook. Target Zone: 1.43455 The upside target for this move is 1.43455, which serves as the next key resistance level. This target is based on: A previous resistance zone that played a strong role in past price action. A level aligned with the last significant swing high, where liquidity is likely to be attracted. A potential price reaction once this level is reached, possibly leading to a short-term consolidation or retracement. Conclusion Based on the technical structure, USD/CAD is expected to rise toward 1.43455 as long as the 1.42932 support level remains intact. A sustained break above this level could further strengthen the bullish case. This analysis is provided by Brokerir and represents a professional perspective on the current USD/CAD market conditions.
Long
by SasanHATAM
1
Market Analysis: USD/CAD Takes A DiveMarket Analysis: USD/CAD Takes A Dive USD/CAD declined and now consolidates below the 1.4360 level. Important Takeaways for USD/CAD Analysis Today - USD/CAD started a fresh decline after it failed to clear the 1.4800 resistance. - There is a short-term bearish trend line forming with resistance at 1.4320 on the hourly chart at FXOpen. USD/CAD Technical Analysis On the hourly chart of USD/CAD at FXOpen, the pair climbed toward the 1.4800 resistance zone before the bears appeared. The US Dollar formed a swing high near 1.4790 and recently declined below the 1.4500 support against the Canadian Dollar. There was also a close below the 50-hour simple moving average and 1.4360. The bulls are now active near the 1.4270 level. The pair is now consolidating losses below the 23.6% Fib retracement level of the downward move from the 1.4792 swing high to the 1.4270 low. If there is a fresh increase, the pair could face resistance near the 1.4320 level. There is also a short-term bearish trend line forming with resistance at 1.4320. The next key resistance on the USD/CAD chart is near the 1.4360 level. If there is an upside break above 1.4360, the pair could rise toward the 1.4395 resistance. The next major resistance is near the 50% Fib retracement level of the downward move from the 1.4792 swing high to the 1.4270 low at 1.4530, above which it could rise steadily toward the 1.4790 resistance zone. Immediate support is near the 1.4270 level. The first major support is near 1.4240. A close below the 1.4240 level might trigger a strong decline. In the stated case, USD/CAD might test 1.4000. Any more losses may possibly open the doors for a drop toward the 1.3850 support. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. 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.
by FXOpen
1
USDCAD Long BaisUS Dollar against Canadian Dollar The USD/CAD pair is currently on a structural support line that has historically demonstrated its ability to hold the pair. Based on this observation, it is reasonable to anticipate that the pair may respect this support level and potentially reverse to the upside, presenting a possible opportunity to enter a long position. I would be interested in hearing your perspective on the future price action of this pair. As always, it is important to consider conducting further analysis and implementing appropriate risk management strategies before making any trading decisions.
Long
by sirkamal
1
USD/CAD H4 | Falling to multi-swing-low supportUSD/CAD is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 1.4283 which is a multi-swing-low support. Stop loss is at 1.4245 which is a level that lies underneath a swing-low support. Take profit is at 1.4403 which is an overlap resistance that aligns with the 23.6% Fibonacci retracement 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. 63% 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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.
Long
by FXCM
AUDUSD 1H Chart BUY SIGNALHey everyone! Welcome back to another market update. Today, we’re looking at the USD/CAD pair on the 1-hour timeframe, using Heikin Ashi candles. Let’s break down a potential trade setup with a solid entry, stop loss, and take profit. Right now, price is sitting around 1.43380, which is a key support zone. We’ve seen some consolidation here, and if buyers step in, we could see a strong push to the upside. So, I’m looking to enter a long position around 1.43380. Now, risk management is key. My stop loss is placed at 1.41749, just below the recent support. This ensures that if the trade goes against us, we’re protected. On the upside, my target is set at 1.48052, aiming for a solid risk-to-reward ratio. If price breaks above 1.45626, it could gain momentum, pushing us toward our profit target. I’ll also be watching volume—if we see increasing bullish volume, that’s further confirmation that buyers are in control. If the trade moves in our favor, I might trail my stop loss to lock in profits. That’s the plan! Let me know your thoughts in the comments, and don’t forget to like and subscribe for more trade setups. Happy trading!"
Long
by kaushal260