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USDCAD trade ideas

USDCAD H1 - Stress-Free Clear Charts.Stress-Free Clear Charts. (Required 10 years in R&D.) In this layout, we see these indicators: (From top to bottom of the screen) -Angle: Shows the Angle of the Trend. -Bear&Bull Powers: Displays who are in Power, the Bulls or the Bears. -Strength: Shows the Strength of the Trend. -Template: Always clearly shows the direction and precisely where to open and close (where to flip position). We open at the beginning of the Trend and stay in all the way till the end, stress-free. Turns perfectly. -Performance: We see where to enter and close, the pullbacks and the performance. -Odds: Shows the Odds everywhere. -Probability: Shows the Probability all the way. -Compare Forex: We see the performance of each currency of the Pair on chart. Each line is one currency. USD in Red. CAD in White. When the USD is above the CAD, the USDCAD pair goes up. And vice versa, when the USD is below the CAD, the USDCAD pair goes down. The background color displays the intensity of the trend.
by ascension
Bullish reversal off pullback support?USD/CAD is falling towards the support level which is a pullback support that is slightly above the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.3952 Why we like it: There is a pullback support level that is slightly above the 61.8% Fibonacci retracement. Stop loss: 1.3900 Why we like it: There is an overlap support level that lines up with the 78.6% Fibonacci retracement. Take profit: 1.4003 Why we like it: There is a pullback resistance level that is slightly below the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
USD/CAD continues the downtrendOn USD/CAD , it's nice to see a strong sell-off from the price of 1.40170 and 1.40440. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. Downtrend and high volume cluster are the main reasons for my decision to go short on this trade. Happy trading, Dale
by Trader_Dale
USD / CAD POTENTIAL FOR BUY OPPORTUNITIES DESCRIPTION USD/ CAD is currently bullish on bigger TF i.e. daily TF , hence my analysis here is based here on the overall swing structure of the Daily swing and ATM the price is at the daily 50 % ( premium zone. hence a potential for opportunities is there. What to look for - In small TF i.e. 4hr ,1hr, or 15 min TF look to see the bullish pattern for the buys i.e. as I have marked in the chart , I will be looking to see if the 1 hour fractal structure ( wick marked in the chart , u can see ) that has been accumulated in the Asian session to be broken and look to entry on the retest of the fractal wick .( NY session will be more ideal for entries. ) MY CONFLUENCES. Market structure belows SWING STRUCTURE OF THE MARKET. IBOS - INTERNAL BREAK OF THE STRUCTURE - SIGNALS POTENTIAL INTERNAL STRUCTURE IS ABOUT TO START / END. FRACTAL STRUCTURE OR CHoCH ( change of character ) , Again fractal structure ffocuses on wick break , shows us internal pull back is about to start or end. Always trend inline with overall swing structure , can trade on certain pullbacks offline with overall swing structure but very cautiously.
Long
by rubinGrg
USD/CAD "The Loonie" Bank Money Heist Plan on Bearish SideOla! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰 This is our master plan to Heist USD/CAD "The Loonie" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Near the Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰. Entry 👇 📉: Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe, Recent / Nearest High Point. Stop Loss 🛑: Recent Swing High using 30m timeframe Attention for Scalpers : Focus to scalp only on Short side, If you've got a money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. 💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Short
by Thief_Trader
USD/CAD: Eyes on inflation as reversal sets stage for downsideThe Canadian dollar delivered a reversal signal against the greenback on Monday, with USD/CAD printing a bearish engulfing candle on the daily chart. After trading within an uptrend since early November, this suggests directional risks could be turning, even if momentum indicators like RSI (14) and MACD are yet to confirm. USD/CAD briefly tried to bounce during the Asian session but stalled at 1.4034, the low from last Friday. For those considering shorts, this level provides a decent setup, allowing for entry beneath with a tight stop above for protection. To make the trade stack up from a risk/reward perspective, it will require the price to break minor support at 1.4003 first, opening the path toward 1.3959, a level that acted as resistance in late October and early November. Today’s inflation report is a standout in a slow global data week. The annual CPI rate is expected to climb from 1.6% to 1.9% in October, nearing the midpoint of the Bank of Canada’s (BoC) 1-3% target range. Core inflation, which is the average of Statistics Canada’s trim and median CPI readings, is expected to print at 2.4%, slightly above September’s pace. With the BoC forecasting core inflation of 2.3% by December, a result in line with market expectation should do little to diminish the view that further rate cuts are in the pipeline. However, an upside surprise could see the BoC start to slow the pace of easing. Such an outcome would improve the prospects of the trade succeeding. Good luck! DS
Short
by FOREXcom
Average True Range ExplainedOriginally developed for commodities, the Average True Range (ATR) indicator is a versatile tool used across various asset classes, like forex pairs and more. ATR helps traders gauge market volatility and make informed decisions, as ATR is essentially a moving average of a market's true range. For traders, this is essential information because it explains how much an asset “moves on average” based on specific starting and ending points selected by the trader. This way, you can be prepared for specific moves when they happen. For example, if a market typically moves 20 points per day, and it has already moved 25 points, you might reconsider trading based on another indicator's signal. To find the true range, you need three values: 1. Current high minus current low 2. Current high minus previous close 3. Current low minus previous close The true range is the greatest of these three values. ATR typically averages the true range over the last 14 sessions, but this can be adjusted based on your trading strategy and personal preference. How do you trade with ATR? ATR is a key indicator of market volatility, aiding traders in evaluating opportunities and being a helpful component in setting stops and limits. ATR shows how much a market usually moves in a day; therefore, ATR can help set realistic profit targets and stop losses. For instance, if a market normally moves 20 points per day, aiming for a 50-point profit might be unrealistic, depending on your strategy. By understanding and utilizing ATR, traders can better navigate market volatility and make more informed trading decisions. Did you learn something new? Our team of researchers and market specialists will be sharing more educational content so be sure to follow our TradingView account for instant updates. Also, be sure to check out our latest ideas here . -- FOREX.com
by FOREXcom
USD/CAD breaks 1.41000 as CAD weakens to near 4yr lowsThe USD/CAD pair has reached 1.41057, the CAD's lowest since May 2020, driven by strong US dollar demand amid market speculation about Trump's return. Inflation-driven policies could limit the Fed's rate cut capacity, bolstering the dollar. Additionally, falling oil prices and concerns over China’s economic growth weigh on the Canadian dollar, given Canada's reliance on exports and energy. Potential US import sanctions add pressure by threatening Canadian exports. Despite these challenges, Canada's economy shows resilience with lower-than-expected unemployment and strong PMI data, limiting further CAD declines. The US dollar index hovers around 106.5, fueled by robust retail sales and economic strength, reducing the urgency for imminent rate cuts. Looking ahead, traders should monitor US policy changes, oil price trends, and Canadian economic indicators to anticipate movements in USD/CAD effectively.
by tastyfx