USDCADOn H1, price has broken out of the descending trendline, this shows a change in direction. This is an opportunity to go long.
USDCAD trade ideas
NICE FVG on a chart idea I love this sort of charts and trends where the FVG is available. BOS break below and retest on the FVG is where i will be looking at the set up. Not today Due to two Back to back wins on GU plus its Monday.
A sellOverall trend bearish, current structure bearish, liquidity cleared and created downward, expecting price to clear the liquidity created
A sellOverall trend bearish, current structure bearish, liquidity cleared and created downward, expecting price to clear the liquidity created
sell idea on usdcad, so far from my technical analisis, i am seeing the engulfing and a rejection from the top, so i am positive on a sell , now
USDCADHeading to weekly bottom zone. Currently testing weekly and daily zones. Look for the necessary price action for sells.
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 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.
