Short opportunity on USDCAD Dear treaders we have a great shorting opportunity on USDCAD,entry right from the Resistance above reaching the first support line gives more than 200+ pips, moreover we expect price to make a correctional move and continue downward.Shortby Ed_AkmalFx110
USDCAD - UniverseMetta - Analysis#USDCAD - UniverseMetta - Analysis The price on D1 may begin to form a rebound from the border of the level on W1, which may indicate the beginning of a corrective movement, globally to levels of 50-60% of the impulse, if we consider the level we can reach 1.36918. If we consider H4, we can see the formation of a 3-wave structure in continuation of the downward movement. To cancel, it is better to consider fixing it abroad or breaking the high on D1, since the upward movement may continue. Target 1.38046 - 1.36918Shortby Trade-U-Metta1
Short Opportunity on USDCAD According to : Convergence on CCI Price below Level zero on CCI Breaking uptrendline Retest of broken trendline Fibo retracement Shortby winerstepUpdated 2
Correction It is expected that a trend change will be formed in the current resistance range and a downward trend will be formed up to the specified support range. Then, according to the behavior of the price in this range, the continuation of the movement process will be according to the specified paths Shortby STPFOREX224
MarketBreakdown | USDCAD, NZDUSD, CRUDE OIL, DXY Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #USDCAD daily time frame 🇺🇸🇨🇦 The pair is currently testing a significant daily structure resistance. The intraday price action looks bearish at the moment. I think that the pair may start a correctional movement from the underlined blue area. 2️⃣ #NZDUSD daily time frame 🇳🇿🇺🇸 The market is approaching a significant weekly resistance cluster that is based on 2 important historic highs. I think that we may see a correctional movement/pullback soon. 3️⃣ #WTI CRUDE OIL daily time frame 🛢️ Crude Oil updated a low on a daily, violating a key horizontal support. It confirms the strength of the sellers. The market may keep trading in a bearish trend within the boundaries of the underlined channel. 4️⃣ DOLLAR INDEX #DXY daily time frame 💵 We see a nice correctional movement after a strong bearish impulse. The market is currently trading within a bearish flag pattern. Bearish breakout of the support of the flag will be a strong bearish trend-following signal. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️Shortby VasilyTrader116
KENTECH FX KENTECH FX I'm here to lecture some of you my idea on how to trade this currency pairby ukpahekene110
USDCAD Will Grow! Long! Take a look at our analysis for USDCAD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.384. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.387 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 224
USD/CAD SELLERS WILL DOMINATE THE MARKET|SHORT Hello, Friends! USD/CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.373 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USD/CAD pair. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 334
USD/CAD at Crucial Support - Bounce or Break?Alright traders, let’s break down the USD/CAD 4-hour chart and see what's poppin'. Market Structure Analysis USD/CAD has been riding an uptrend wave, showing higher highs and higher lows. The price is sitting above the 21 EMA (yellow), which signals bullish vibes. But right now, we're testing that support at 1.38454. If it holds, we could see a bounce up to the resistance at 1.38711. But if it breaks, we might slide down to the next support at 1.37478. Trade Setup Here’s the game plan: Buy Scenario: Entry: If we see a strong bullish reversal pattern at 1.38454. Stop Loss: Just below 1.38454. Take Profit: Targeting the resistance at 1.38711. Sell Scenario: Entry: If the price breaks below 1.38454 with solid bearish momentum. Stop Loss: Just above 1.38454. Take Profit: Aiming for the next support level at 1.37478.by SheenaL0
Day TradeUSDCAD bias is bullish as we broke out of the large H4 consolidation range. Bull flag formed and broke above, it retested the bull flag and is now showing signs of a reversalLongby gunhyUpdated 1
Trade idea of usdcad , i'm looking for bearish market Trade idea of usdcad , i'm looking for bearish market and this trade following my strategy and top of chart there is doji candle in daily timeframe + triple top created #usdcadShortby ANKITANAND075
USDCAD 4hr LongHere we have a great setup for our Engulfing candle entry after price has shown bullishness above the 50ema and 200ema for all EVC time frames. I will look to take a 1:3 on this trade and will be moving my stop loss to BE at 1:1 if price decides to push higher.Longby angelvalentinx1
USD-CAD Will Keep Growing! Buy! Hello,Traders! USD-CAD broke the key Horizontal level of 1.3837 Which is now a support Then made a retest and now We are already seeing a Bullish rebound so we Will be expecting a Further bullish continuation Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignals335
USD/CAD TRIPLE TOP FORMATIONAs you can see there is a triple top to confirm more bearish movements when the price passes the lowest low and then retest that mini resistence zone and then the sell movements will come so early and good for profits. :)Shortby hcarbajal12118
USD/CAD IMPORTANT RESISTENCE ZONEAs you can see the price in the weekly timeframe the price its trying to reject the resistence zone as the previous 3 times in the past making the sellers so strong for the bearish movements, especially for the day traders that are looking for good take profits in this currency that its moving so good to the downside, also iam based on the technical ratings marking interday bearish strong movements. PLEASE FOLLOW ME IF YOU LIKE MY IDEAS :) :) Shortby hcarbajal122
M5 entry on a great trendWhat a trade great FVG and ob rejected daily high taken outThe Canadian Dollar (CAD) is little changed on the day and, with little domestic data of note out in the coming days, is likely to remain a bit of a sideshow for markets focusing more intently on developments elsewhere, Scotiabank’s chief FX strategist Shaun Osborne notes. A test of 1.39 seems on its way “Factors have moved unfavorably for the CAD in the past few weeks but trends may be stabilizing in the short run, which will help steady spot just below the recent peaks. A dovish-leaning Fed might be the CAD’s best hope for picking up some ground in the short run but if it is, it won’t be by much.” “After the USD’s sustained rally over the past couple of weeks—culminating in eight consecutive daily gains through last Friday—the scope for further (immediate) CAD losses is limited in the very short run.” “But the broader technical tone of the USD remains firm—momentum signals are aligned bullishly on the short-, medium– and long-term DMI studies. Now, USD/CAD pushes towards 1.39. Support is 1.3750/75.”by EZIO-FX0
USDCAD: Short Trade Explained USDCAD - Classic bullish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Buy USDCAD Entry - 1.3852 Stop - 1.3902 Take - 1.3773 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals116
USDCAD Last year price failed to break the resistance, the past two years price has touched four if not five times and failed to break the zone which is sign of strength of horizontal resistance. Cad is moving along a vertical support without any corrections and chances are higher we may see a bearish momentum near the resistance zone. leave a like, comment tell me what you think?Shortby Renang_reignFX5
scalping usdcadprice is stretching to next weekly resistance level. it is good to quickly have a scalp of about 30 pips to 38800 as a targetby CHILLARFX1
USD/CAD (Buy)my two reasons for a buy position reason #1: clear up trend reason #2: break and retest of a resistance zone Longby bogdangrymut1
USDCAD bullish con.hey guys here's what i am looking at on USDCAD, price currently tapped a weekly key lv which i currently went long on, and even if i have further downside movement it will be a much better setup for me until my weekly lv is broken.Longby Ace_trades1Updated 11
USDCAD Possible Long Position BBMA OA ReEntrt Zone Zero Loss4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - CSAK + Entry in MALO Note: * Cancel trade or cut-loss when candle close Below MAHI (2 Red Color Lines) in 4H * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future courseLongby GreggiBond0
USD/CAD H4 | Falling to pullback supportUSD/CAD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.3803 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 1.3762 which is a level that lies underneath a pullback support. Take profit is at 1.3865 which is a pullback resistance. 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.Long02:57by FXCM113