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USDCAD trade ideas

MarketBreakdown | USDCAD EURNZD, GBPCAD, GBPCHF Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ USDCAD daily time frame 🇺🇸🇨🇦 The pair is currently consolidating within a horizontal range on a daily. I am waiting for a breakout of a one of the boundaries of the range to confirm the future direction of the market. I think that the price may keep coiling before the FED rate decision on Wednesday. 2️⃣ EURNZD daily time frame 🇪🇺🇳🇿 Similarly to USDCAD, EURNZD is also in a deep consolidation. The pair trades in sideways for many days, perfectly respecting the same horizontal resistance and support. Our trigger and the signal will be its breakout. 3️⃣ GBPCAD daily time frame 🇬🇧🇨🇦 We see a violation of a significant daily horizontal resistance and a formation of a new year's high. It indicates a clear strength of the buyers and a highly probable further bullish continuation. I will look for a retest of a broken structure to buy from there. 4️⃣ GBPCHF daily time frame 🇬🇧🇨🇭 I see a confirmed breakout of a resistance line of a falling parallel channel. With a high probability, the price will go up after its retest. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
USD/CAD H4 | Potential bearish reversalUSD/CAD is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.3614 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 1.3717 which is a level that sits above the 50.0% Fibonacci retracement level and an overlap resistance. Take profit is at 1.3493 which is a swing-low support. 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. 62% 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. 59% 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.
Short
by FXCM
UsdCad Trade IdeaI have 2-3 other set ups but they aren't as solid as the ones I'm posting so the last set up I'll be looking at for now is shorts for Usdcad. Price is still overall BEARISH. If price can break below the level I have marked up where the current price is then we can expect price to keep those bearish structures and could expect price to crash back down to 1.34398. The higher low is technically around 1.35460 so I'll definitely be patient with this set up. I may even wait for that level to get broken and retested before possibly shortening this pair. We'll see.
Short
by OfficialJ23
USDCAD Is Very Bearish! Sell! Take a look at our analysis for USDCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.358. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.355 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!
Short
by SignalProvider
1
ANTICIPATING TRADES BY APPLYING TRADING STRETEGYAnalysis of USDCAD Forex pair carried out on 12 Sep 2024 by applying following trade strategy:- 1. Bullish trend 2. Bearish Divergence 3. No continuation pattern 4. Double Top reversal pattern formed 5. Bearish Harmonics pattern AB=CD pattern formed and chart near point D, PRZ 6. Anticipated that chart will go bullish by making LHs & LLs 7. Initiated two trades on MT4 by marking sell stop on break out of LL and stop loss at HH as still no LH is formed
Short
by akyzai71
USDCAD - Projection 1.3420 If we consider Ichimoku analysis 1. Kumo - price is below the cloud and we should be looking for Short Opportunities. The cloud is thick , but flat in direction. This reflects the September price correction. 2. Tenkan Sen / Kijun Sen - we can see price has moved above the Tenkan Sen ( 9 period equilibrium) and settled at the Kijun Sen ( 26 period equilibrium) . In the medium term , we can say this pair is fairly priced. 3. Chikou - has been trending up for September. It is in open space. Structural - we can see price has arrived at significant structure at 1.3600 , which is acting an Resistance. Pivot Points - we can see the Weekly R2 is holding price at bay. Pattern - there is an obvious Bearish Flag pattern in play - for price candlesticks, Chikou , and RSI. Catalyst - the obvious fundamental catalyst for a price channel break is the FOMC and anticipated Rate Cut. From a Technical and Fundamental basis , the bias is SHORT. Projection - a confluent point of Pivot R2 weekly, the start of the corrective channel , the underlying Demand Zone , and the extremity of volatility ( check Bollinger Bands yourself) = 1.3420 - 1.3440.
Short
by Umlingo
2