USD/CAD Outlook Today: Live Chart Analysis & Trading TipsUSD/CAD Outlook Today: Live Chart Analysis & Trading TipsLongby Pandian2603116
USDCAD / BREAKOUT ASCENDING CHANNEL - 4H USDCAD / 4H TIME FRAME HELLO TRADERS Tendency , prices is under downward pressure , until trading below turning level at 1.360 . Downward Condition : With the price holding steady at the current turning level at 1.360 , it is likely to decline towards the support level of 1.354. If it stabilizes below this level, it could then reach the next target level of 1.350 . Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 1.360, leading to a rise toward the resistance level (1) at 1.369 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 1.376 . TARGET UPWARD ZONE : RESISTANCE LEVEL (1) : 1.369 . RESISTANCE LEVEL (2) : 1.376 . TARGET DOWNWARD ZONE : SUPPORT LEVEL (1) : 1.354 . SUPPORT LEVEL (2) : 1.350 . TURNING LEVEL : 1.360 .Shortby ArinaKarayiUpdated 117
usdcad USDCAD completed its rest after the sharp decline and broke the wedge it formed. A sharp decline is possible.Shortby foxforex3221
Usdcad for shortSell usdcad after retest of the above resistance zone, wait for candle closure and bearish candlestick pattern.by makindetoyosi2110
USDCAD - BEARISHLarger Trend - Bearish Smaller Trend - Bearish Descending Triangle has formed in 1h tf. Selling....Shortby mHamzaArainUpdated 4
USD/CAD Will it pullback!?Hello Ladies and Gentlemen! I might have entered a tad early in this position, though it looks like it is forming a pullback. The position is currently in a loss and that is okay. Let´s see if it works out. Long04:49by ChameleonInvestments4
Possibility of uptrend Due to the failure of the support range, it will be possible to continue the movement process according to the specified paths As long as the price does not stabilize above the 78.6% level, it will be possible to continue the corrective and downward trend Longby STPFOREX2
USD-CAD Support Ahead! Buy! Hello,Traders! USD-CAD keeps falling Down but the pair will Soon hit a horizontal Support level of 1.3460 And from there we will Be expecting a further Local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals111
usdcad identifying trend end/continuation i am identifying the end of a trend here with this below strategies, using the 4hr tf and daily tf - first confirming price approach to a higher time frame resistance. - candles of trend move keeps getting smaller and the retracement candles keeps getting larger. -break of structure on both time frames. You can see in the above shared images that all mapped out areas meets the above mentioned criteria.... what do you thinkShortby PIASKA1
USDCAD Trendline Breakout Ready for a Long SellHello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartsLongby ForexMasters20004
USD/CAD1. downtrend is clear 2. price must move up to the broken support zone and retest it as resistance 3. price must from a bearish candle (potential sell if price does 2 and 3)Shortby bogdangrymut0
USDCAD SELL SETUP🚨USDCAD DAILY: Strong break of structure. I'd like to see a solid pull back early in week to potentially catch the next wave!Shortby TheForexWave5
USDCAD Will it take this Support ?The uptrend support is all the time respected by the price and now price is near this support and if respects a pullback can bee seen from here. Have a profitable trade. Longby CHMVIZ7
USD/CAD SWING SHORT POSITION.Price will pullback to mitigate the Imbalance before it continues to drop. I think, the upcoming news (Durable Goods Orders) release on Monday will be the catalyst. As you can see, all the liquidity on top as been swept. Now, the market is targeting the PDL array and the unmitigated FVG at support.Shortby Jnv-1
USDCAD Is Approaching The Weekly SupportHey Traders, in the coming week we are monitoring USDCAD for a buying opportunity around 1.34000 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.34000 support and resistance area. Trade safe, Joe.Longby JoeChampionUpdated 1120
USDCAD update swing SHORTUSDCAD price swept key liquidity level with a lot of buyers got trapped. Also we have 1D MACD divergency, it means the trend is not that strong to break through marked levell, as a target I expect to see lower level marked with red cross. Shortby Maks_KlimenkoUpdated 6610
USDCAD Will Move Higher! Long! Here is our detailed technical review for USDCAD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.350. Considering the today's price action, probabilities will be high to see a movement to 1.366. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider114
Canadian Dollar Faces Bearish Trend Below 1.3743, Eyes on 1.3628Canadian Dollar Technical Outlook The Canadian Dollar is exhibiting a bearish trend as long as it trades below 1.3743, with the potential to reach 1.3628. For a bullish reversal, the price would need to stabilize above 1.3743, potentially extending the trend toward 1.3828. Key Levels: - Pivot Price: 1.3743 - Resistance Levels: 1.3773, 1.3825, 1.3862 - Support Levels: 1.3660, 1.3628, 1.3552 Expected Movement Range: The price is anticipated to fluctuate between 1.3612 and 1.3773. Shortby SroshMayiUpdated 6
Canadian dollar jumps on retail sales reboundThe Canadian dollar is showing some strength on Friday. In the North American session, USD/CAD is trading at 1.3532 at the time of writing, down 0.60% on the day. The Canadian dollar is at its highest level since early April and is poised to post its third winning week in a row. Canada’s retail sales report was a mix. In June, retail sales fell 0.3% m/m, confirming the initial estimate and following a May reading of -0.8%. However, the initial estimate for July jumped 0.6%, which would indicate a much-needed rebound in consumer spending. Retail sales were down 0.5% in the second quarter and 0.4% in Q1, which would mark the weakest two quarters since 2009, outside the covid pandemic. The spike in July is likely due to the Bank of Canada’s quarter-point rate cuts in June and July, bringing down the benchmark rate to 4.5%. The BoC is expected to continue to trim rates as inflation has eased and the labor market shows signs of decline. The annual Jackson Hole meeting has begun and the highlight of the summit will be today’s speech from the host, Fed Chair Jerome Powell. The markets are all ears, although it would not be a surprise if Powell’s speech is little more than a cautious acknowledgment that inflation is moving in the right direction and that the Fed is poised to cut at the Sept. 18 meeting. The markets have fully priced in a rate cut at next month’s meeting, with the odds at 71% for a 25-basis point cut and 29% for a 50-bps cut, according to CME’s FedWatch. There’s a strong chance that the Fed will deliver additional cuts before the end of the year, but recent employment data has been very weak and that could delay further rate cuts. The next employment report on Sept. 6 will be a key factor in determining the Fed’s rate path. USD/CAD has pushed below support at 1.3578 and is testing support at 1.3538. Below, there is support at 1.3478 There is resistance at 1.3628 and 1.3653by OANDA2
USDCAD: Long Signal Explained USDCAD - Classic bullish setup - Our team expects bullish continuation SUGGESTED TRADE: Swing Trade Long USDCAD Entry Point - 1.3535 Stop Loss - 1.3474 Take Profit - 1.3660 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals114
USD/CAD Long Prediction based on S&R as well as Price ActionThe USDCAD currency pair, which represents the exchange rate between the US dollar and the Canadian dollar, is currently exhibiting a bearish trend. Over the past few weeks, the pair has consistently made lower lows and lower highs, indicating a prevailing downward momentum. This bearish sentiment has been influenced by a combination of factors, including shifts in monetary policy, economic data releases, and fluctuations in oil prices, which have a significant impact on the Canadian dollar. A closer examination of trendlines on higher timeframes—such as the daily and weekly charts—reveals critical support levels that could indicate a potential reversal. Recently, USDCAD has approached a key support trendline that has historically provided a floor for price action. This trendline, drawn from significant swing lows, offers a crucial area for buyers to step in. If the price reaches this level and shows signs of stabilization or a reversal pattern, it could signal the end of the current bearish phase. Moreover, analyzing the higher timeframes reveals that the recent bearish move may be losing momentum. Indicators such as the Relative Strength Index (RSI) are approaching oversold territory, suggesting that the selling pressure may be waning. This divergence between price action and momentum indicators often precedes bullish reversals, providing further evidence that a significant bullish move could be imminent. Additionally, market sentiment appears to be shifting, with traders becoming increasingly aware of the potential for a rebound. As the price approaches the trendline support, buying interest may start to emerge, leading to a potential short-covering rally. If the pair breaks above the recent lower highs, it could confirm a shift in trend and attract more buyers, further fueling a bullish move. In conclusion, while USDCAD is currently in a bearish phase, the combination of approaching key support trendlines on higher timeframes and signs of weakening bearish momentum suggests that a significant bullish move may be on the horizon. Traders should closely monitor price action around these critical levels, as a successful bounce could pave the way for a reversal and a potential rally in the coming sessions. Longby thobanizumaUpdated 3314
USDCAD SELLING POTENTIAL POINTTechnically the USDCAD it doesn't finish it is selling trend, as viewed from the D1 trend, after observing the direction and trend I expecting to go short at the nearest liquidity engineering Shortby anoldmakala29042
USDCADWe can attempt to short USDCAD from specified level as it break HL , also bearish divergence occur indicate that it moves downward. SL , TP mention in chart.Shortby SignalEdgeUpdated 111