USDCAD IN PRINTING REVERSAL Technically:
Printing Head & Sholder Reversal
Bullish Divergence
DXY is Bullish
CXY is Bearish
Sentiments:
USDCAD 90% Bullish
USDCAD trade ideas
Check the trend An uptrend is expected to form up to the specified resistance range. Then, according to the behavior of the price in this range, the continuation of the movement process will be according to the possible scenarios
USDCAD - short scenarioUSDCAD is trading in a range-bound market, where the price recently retested its 1.3900 psychological level and retraced back lower at its current level. Although, as the short-term persists in a downward momentum, a further continuation lower is anticipated with the first target at 1.3365 where a further continuation lower set 1.3180-1.3150 as a second target ahead.
USDCADfundamental score:3
bias bullish
technical : discount zone
bullish divergence
HH and HL formation
best buying 0.5 Fib level
levels mentioned in chart
good luck
USD/CAD PREDICTIONHi I'm very new at trading here is my analysis for USDCAD! would love to read your comments
anything for me to improve is much appreciated!! Thanks!
USD/CAD Short idea Bearish flag pattern
1d down trend
4h down trend
Impulse-correction=impulse
imbalance
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 :-)
Read The USDCAD Price ActionLet's Read the USDCAD Market Price Actions and Decide to What gonna do in next days, Good Luck With Your Trades <3
USDCAD: Past, Present and FutureHi, traders
Here is my idea sharing with you.
Currency Pair: USDCAD
TimeFrame:1D
Scale: Large
Past: From the past data on 1 Month time frame market is moving within a range and on 1Day time frame market is moving between Resistance 1 and Resistance 2 (previously Support)
And form a poles (pattern) or Impulse (wave)
Present: This days market is moving upward channel towards resistance 2 forming flag(pattern) or correction (wave)
Future: After market reach to Resistance 2 Bearish Flag (pattern) then another Impulse (wave) which it will reach to monthly support zone.
Stay Safe, Happy Trading
Thank you
USD/CAD Short Trade Idea (1H Timeframe)Overview : We're currently observing a potential short opportunity on the USD/CAD 1-hour chart. The pair has been trading within a rising wedge pattern, which is often considered a bearish reversal signal. The price action is now showing signs of weakness near the upper boundary of this wedge, suggesting that a downside move could be imminent.
Trade Setup:
Entry: Current market price, anticipating a breakdown of the rising wedge pattern.
Stop-Loss: 0.00368 (0.27%) above the entry point, placed just above the recent resistance level. This level serves as a safe buffer in case of a false breakout.
Take-Profit: 0.01105 (0.82%) below the entry point, targeting the previous major support zone. This gives us a solid Risk/Reward ratio of 3:1, ensuring the potential reward significantly outweighs the risk.
Risk Management: The position size is calculated to limit the risk to a manageable level, with a total of 36.8 pips at risk (Amount: 750). The potential reward for this trade is approximately 110.5 pips (Amount: 1750.68).
Rationale: The rising wedge formation indicates a possible trend reversal. Combined with bearish divergence on momentum indicators (if applicable), this setup provides a compelling case for a short entry. The stop-loss is strategically placed above a significant resistance level to protect against a sudden upward move, while the take-profit target aligns with a key support zone, offering a favorable risk/reward ratio.
Note: As always, ensure proper risk management and consider market conditions before entering the trade. Happy trading!
USD CAD Long FINAL YEARI got a long time away from my laptop, but now I want to share my opinion on USD CAD chart, where I can see that USD dollar is going to gain to much power because the price still in bull trend. until at leas it last high. Well, I hope this can help in something
Vincent Ramirez
Short trade
Thu 22nd Aug 24
9.00 am
LND Session AM
Entry 1.35793
Profit level 1.32093 (2.72%)
Stop level 1.36301 (0.37%)
RR 7.28
Bullish outlook USDCADUsdCad is currently posing a bullish outlook ith Dxy following same outlook. One can expect a bullish break once trendline and resistance is broken
USD/CAD Weekly AnalysisSince price printed a weekly bearish engulfing candle at 1.3900, we have seen a continuing bearish impulse with a possible support now being found at the 1.3440 zone. There is potential for price to retrace towards 1.3640 for a correction, before recommencing a second bearish impulse towards 1.3230 where the market found weekly support during December 2023.
USDCAD BUY SIGNAL RECTANGLE PATTERNHere on USDCAD price has formed rectangle around area of 1.34650 and 1.35099 and now trying to break any of the level . Looking at the chart is likely to break line 1.35099 and if that happen LONG position is activated and targeting profit should be around 1.35542 level. Use money management
update
This Analysis Can Change At Anytime Without Notice And It Is Only For educational Purpose to Traders To Make Independent Investments Decisions.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView
USDCAD: Weak Market & Bearish Continuation
Looking at the chart of USDCAD right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely.
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USD/CAD Gave Yesterday +50 Pips 0 Drawdown ,New Week Entry Here!This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
daily outlook. see previous post as wellonce price enters the grey area looking to go long. the orange zone represents previous monthly candle so looking for price to retest that previous break to the downside. i also use my custom built indicators to mark out zones to help increase accuracy and help with sniper entries
This Analysis Can Change At Anytime Without Notice And It Is Only For educational Purpose to Traders To Make Independent Investments Decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView
