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USDCAD trade ideas

Bullish bounce?USD/CAD is falling towards the support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.3863 Why we like it: There is a pullback support level that aligns with the 61.8% Fibonacci retracement. Stop loss: 1.3812 Why we like it: There is a pullback support level that is slightly below the 61.8% Fibonacci retracement. Take profit: 1.3938 Why we like it: There is a pullback resistance level. 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
USDCAD Technical Analysis! SELL! My dear subscribers, This is my opinion on the USDCAD next move: The instrument tests an important psychological level 1.3887 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.3843 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
USDCAD VOLATILITY TRADEOn the 12 months chart, price show an impulsive bearish move that took 6 years o complete. In tandem with price action, the bullish correction that is currently active has taken 14 years. Price is yet to contact a fresh long-term supply sitting at 1.544. On the monthly and weekly charts, the structure is still the same. Price is seeking to contact a short term fresh supply at 1.44. On the daily chart, price continues to form new highs. On the short term (daily), we are looking at a bearish price correction fueled by the US election volatility. Price is expected to correct towards the 1.35-1.32 range thereafter resuming the original long term bullish price correction.
by morrisgitau
Can USDCAD Hold 1.387 Support as Pressure Mounts?FxNews —The U.S. Dollar began a pullback against the Canadian Dollar after peaking at the 1.395 resistance on August 5. This dip aligns with an overbought signal from the Stochastic Oscillator since October 10. Currently, USD/CAD is around 1.387, filling the Fair Value Gap. In the 4-hour chart, despite the recent decline, USD/CAD remains above the 100-SMA, keeping the main trend bullish. However, the Awesome Oscillator has turned bearish, and the Stochastic is below 20, signaling a potential consolidation phase. > Immediate Support: 1.387 > Next Support: 1.382 (100-SMA) > Critical Support: October 17 low at 1.375 > Resistance Levels: 1.395, 1.40 Forecast If bears (sellers) close below 1.387, the current downtrend could extend to the 23.6% Fibonacci retracement level, backed by the 100-period simple moving average.
by FxNews-me
1
USDCAD with two probabilities for 11/4/2024This is my idea Nbr 25 after 23 ✅️ USDCAD with a high probability to make the decision for 11/4/2024 ✅️ : 🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss. 🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
Short
by Abderrahmane_24
USDCAD! 10/30 ! Resistance H4 SELL signal USDCAD trend forecast October 30, 2024 The USD/CAD pair continues its upward trend on Tuesday, rising 0.23% to 1.3910, near Monday’s three-month high of 1.3908. The Greenback's strength, coupled with a drop in oil prices, supports this movement. Positive US economic data has fueled expectations for Fed rate cuts in November. September’s JOLTs report was mixed but slightly below forecasts, while August home price indices exceeded expectations, indicating persistent shelter inflation. Resistance H4 - overbought zone. In the context of the falling dollar, inflation cooling down in the US, causing the USD/XXX currency pairs to adjust down. /// SELL USDCAD : zone 1.39300 - 1.39500 SL: 1.39800 TP: 60 - 100 - 250 pips (1.37000) Safe and profitable trading
Short
by Moon-ForexAcademy
2
USDCAD Sell Short (Final)I have been analyzing USDCAD for a while now and I believe this is the time for a double top to be formed and that M formation shall be taking place like the previous W pattern USDCAD has built up. As seen in the chart, USDCAD touched for a double bottom at 1.34213 which I predict that we shall be lead to that level again. USDCAD has far too long rallied and we should all be shorting this very top to make all our profits again. Rinse, repeat, and learn from these lessons in trading. I also wanted point out that in our analysis we have highlighted where previous support and resistances have broke out and lead to new higher highs and now lower lows when we come back down from this entry at 1.38973 I hope you all enjoyed our analysis! We also have included TP and SL in the chart and please follow our page for more signals like these! If you have any questions about this trade please send me a direct message and I will respond swiftly. Thanks for stopping by!
Short
by KingTraderFX
3