USD CADTHIS IS MY SETUP FOR USD CAD I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3. Trade carefully This is not financial advice, DYOR.Longby betimmavriqiUpdated 339
USDCAD VIew!!The Canadian dollar steadied against its U.S. counterpart on Friday as domestic data showed retail sales rising more than expected in July and despite the greenback notching gains against some other major currencies. The loonie USDCAD was trading nearly unchanged at 1.3560 to the U.S. dollar, or 73.75 U.S. cents, after moving in a range of 1.3543 to 1.3589. For the week, the currency was up 0.2%. Canadian retail sales grew by 0.9% in July from June, eclipsing forecasts for a gain of 0.6%, while a preliminary estimate showed sales up 0.5% in August.Shortby FXBANkthe8055112
UsdCad Trade IdeaUC is pretty self explanatory. Price has been ranging horribly between the last higher low and higher high. With price still being below 1.36000 we're still in the range between 1.36000 and 1.34400. If price breaks and retests the last HL I have marked then price would confirm the range continuation. Now if price breaks above 1.36000 we could expect the range to be over and longs could come into play for the new week. by OfficialJ235
USDCAD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: 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 :-)Shortby ShahedZare2
USDCAD Weekly-Daily ViewUSDCAD CMP SELL Direction Weekly View Daily View . Price already Pullback in flag/compression . Weekly BO SELL Daily Touch Zone dan BO Sell CMP Daily #WakAjisShortby ajismajutrading2
A Strong potential sell on USD CAD USDCAD Has successfully created a new higher low on the weekly time frame Dropping down to create a new lower low.Shortby AplusFX_FXPreacher2213
USDCADPair : USDCAD ( U.S Dollar / Canadian Dollar ) Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence CHoCH Bullish Channel as an Corrective Pattern in Short Time Frameby ForexDetective5
USDCAD is ready to go straight down USDCAD is ready to go straight down next week. Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔Shortby Dave-Hunter7
USDCAD ANALYSISUSDCAD is showing signs of a possible swing to the downside. After breaking below the support it gave us a retest followed by a double top rejection. A break below the intra day support would be a strong confirmation of a bearish continuation Shortby SaacTrades115
USDCAD BUY SETUP R:R 1:4This is for short term Always place your order where you place stop loss. Wait for manipulation at the Equal High and Low Areas. Please DYOR before entering the trade.Longby SMC_WYCKOFF_TRADER1
USDCADhi everyone here i just share USDCAD next week i make a speculation that the price will continue BULL i just do and analysis with follow the trend timeframe H4 already make a higher low twice ! next move maybe is new higher high lets see disclaimer this is not a signal be smart!Longby dorissim1
USDCAD be ready for another BullEVERYTHING ON CHART please check my pre idea so you can understand better signals and analsys are free... and always will beLongby Wisam_Adil0
Post-FOMC: Day 1 - Follow-through Fundamentals USD - CFTC oversold - Possible safe-haven reaction if the 0.5 is perceived as a recessionary cut. - Latest economic releases are ok CAD - CPI Down Technical & Other - Buy limit - CAD hasn't grown in the general sentiment of the dollar sell-off Setup: S(B) Setup timeframe: 4h Trigger: 1h Medium-term: Up Long-term: Sideways Min target: ~1.37 Risk: 0.22% Longby Cherry94Updated 0
Check the trend As long as the price fluctuates below the resistance range, the downward trend is likely to continue. Next you The downward trend is expected to continueby STPFOREX0
USDCAD going to retace?Usdcad rech the 38% of fibo now we can see little bit retaceShortby Moein_trade3
USDCAD Sell From The PLMy analysis for the weekend and starting Monday. Always do your own research before entry. Check for Sell in USDCAD.Shortby tradingwith_ryann1
Daily and 4 Hour Timeframe Analysis (USDCAD, D1 H4) Right Chart: 4-Hour Timeframe Analysis (USDCAD, H4) This side offers a closer view of the Wyckoff schematic and confirms the market structure through the smaller timeframe. Phase B of Wyckoff Distribution: SOW (Sign of Weakness in Phase B) is seen here, marking the preliminary signs that supply is overcoming demand. This is located near the 1.3510 level, an area where institutional participation may be fading on the buy side. The AR (Automatic Rally) and ST (Secondary Test) events are clearly demarcated, showing where price rebounded after initial breakdowns, testing previous support levels that now act as resistance. Break of Structure (BOS): A BOS Internal (4H) event around the 1.34500 level confirms a breach in market structure, suggesting that further downside is likely. A more significant BOS MSB (Major Structure Break) occurs below 1.3420, confirming a shift in trend direction from bullish to bearish. POC (Point of Control): In the 4-hour view, the POC lies near 1.35793, acting as a critical level of volume concentration. This signifies a battle between buyers and sellers, likely to act as a strong area of resistance moving forward. Supply Zones: The chart identifies multiple resistance zones where previous support has now flipped to resistance, particularly in the 1.36472 and 1.36229 regions. These resistance lines, along with the BC (Buying Climax) and UT (Upthrust), represent zones where distribution patterns fully manifest. Projected Downtrend: The overall bias on both timeframes is bearish, with expected markdowns towards the levels around 1.3137, as the larger Elliott Wave structures unfold. Conclusion: This analysis emphasizes a bearish continuation for USD/CAD, aligning with both Wyckoff Distribution and Elliott Wave principles. The market appears to have completed its final upward move (UTAD) and is now entering a markdown phase. Price rejection near the key resistance and supply zones supports this outlook, while the break of structure (BOS) further solidifies the bearish trend.Shortby spacedevil111126
Market Analysis: USD/CAD StrugglesMarket Analysis: USD/CAD Struggles USD/CAD declined and now consolidates below the 1.3600 level. Important Takeaways for USD/CAD Analysis Today - USD/CAD started a fresh decline after it failed to clear the 1.3650 resistance. - There was a break below a short-term contracting triangle with support at 1.3560 on the hourly chart at FXOpen. USD/CAD Technical Analysis On the hourly chart of USD/CAD at FXOpen, the pair climbed toward the 1.3620 resistance zone before the bears appeared. The US Dollar formed a swing high near 1.3650 and recently declined below the 1.3600 support against the Canadian Dollar. There was also a close below the 50-hour simple moving average and 1.3580. Besides, there was a break below a short-term contracting triangle with support at 1.3560. The bulls are now active near the 1.3550 level. Recently, the pair corrected some losses and climbed above the 23.6% Fib retracement level of the downward move from the 1.3600 swing high to the 1.3546 low. If there is a fresh increase, the pair could face resistance near the 1.3565 level. The next key resistance on the USD/CAD chart is near the 61.8% Fib retracement level of the downward move from the 1.3600 swing high to the 1.3546 low is 1.3580. If there is an upside break above 1.3580, the pair could rise toward the 1.3600 resistance. The next major resistance is near the 1.3650 level, above which it could rise steadily toward the 1.3700 resistance zone. Immediate support is near the 1.3550 level. The first major support is near 1.3535. A close below the 1.3535 level might trigger a strong decline. In the stated case, USD/CAD might test 1.3500. Any more losses may possibly open the doors for a drop toward the 1.3450 support. 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 FXOpen227
USD,CADAs you know, Elliot analysis includes a swing. As long as market has not touch TP4 ,THE trend is still upward.Longby saeedi90932
USDCADUSDCAD BULLISH BIAS FUNDAMENTAL SCORE 6 TECHNICAL HH AND HL RETRACED TAP OF FVG Risk Reward 1:1 1.3632 Risk Reward 1:2 1.3702 StopLoss Price 1.3492Longby SurgiForex0
UsdcadUsdcad is on a down trend and it broke and retest on the 4 hrs so we enter a sellShortby Greatvic001115
USDCAD 4H SELL PROJECTIONPrice created a double top formation on the 4h TF brokeout and retested the neckline given us a textbook formation here. This and other confluences of mine shows price may be crashing soon... GOODLUCK and seel you all next weekby aanebi053
USDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.35800 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.35800 support and resistance area. Trade safe, Joe.Shortby JoeChampion9