uptrendIt is expected that we will see the start of the upward trend and the price will advance to the resistance trend line.
If the price breaks through the previous low, the above scenario will be invalid.
USDCAD trade ideas
Bearish reversal?USD/CAD is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.4366
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Stop loss: 1.4447
Why we like it:}
There is a pullback resistance level.
Take profit: 1.4345
Why we like it:
There is a pullback support level.
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USDCAD: Will Start Growing! Here is Why:
The analysis of the USDCAD chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers.
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Bearish reversal?The Loonie (USD/CAD) is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as a pullback support.
Pivot: 1.4359
1st Support: 1.4165
1st Resistance: 1.4486
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USD/CAD Very Near Buying Area , Are You Ready To Get 200 Pips ?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.
USDCAD-SELL strategy 3 hourly chart The pair is under pressure and broken below a triangle formation, and we are trading below the cloud cover as well.
Strategy SELL @ 1.4360-1.4380 and take profit near 1.4267 for now.
USDCAD - Get Ready Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈USDCAD has been overall bullish trading above the blue trendline acting as a non-horizontal support.
This week, USDCAD has been in a correction phase trading within the falling red channel.
Moreover, the green zone is a strong demand.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of demand and lower red and blue trendlines acting as non-horizontal support.
📚 As per my trading style:
As #USDCAD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USDCADUSDCAD
It has almost completed the correction , forming the " c " Corrective Waves from Fibonacci Level - 61.80% in a Corrective Pattern " Symmetrical Triangle ". It has breakout the Lower Trend Line proper Entry after Retracement
Reason why i took USDCAD todayHead n Shoulder pattern spotted out on 1HR , placing my BOS and Order block for my entry,
Patient, discipline and execute fearlessly.
USD/CAD Breakout! Short Opportunity Ahead!Post:
💡 USD/CAD Analysis: The price has broken below the ascending trendline, confirming a bearish trend. Currently, the market is retesting the previous support zone, with a high probability of further downside movement.
📉 Sell Setup:
Entry: 1.43642
Stop Loss: 1.43941 (To avoid market noise)
Take Profit: 1.43089 (Potential support area)
🔎 This setup is ideal for traders who prefer breakout and retest strategies. Keep a close eye on price action to manage the trade effectively!
📊 Personal View: This trade offers a good risk-to-reward ratio, but be cautious of economic news that may cause volatility. What’s your take on this setup? Let’s discuss! 👇
USD-CAD Bearish Breakout! Sell!
Hello,Traders!
USD-CAD kept bouncing
Off of the horizontal support
Of 1.4355 but then it was
Finally broken and the breakout
Is Confirmed so we are locally
Bearish biased and we will be
Expecting the pair to go
Further down
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long trade
Pair USDCAD
Buyside trade
Mon 31st March 25
5.00 pm (NY Time)
NY Session PM
Structure - (Day)
Entry 4Ht TF
Entry 1.43382
Profit level 1.47241 (2.69%)
Stop level 1.42525 (0.60%)
RR 4.5
Buyside trade idea:
Reason: Break of channel to the upside
Indicators: WMA (100) EMA (50) observed as additional bias
Bearish USDCAD Continuation The USDCAD pair is currently exhibiting bearish pressure, with the price hold key resistance levels, signaling a potential move lower
usdcad sell a valid h4 poi usdcad sell from a valid fractal orderblock with h4 and h3 ob and now provided a valid orderblock in the m15 with no inducment which can pose a little risk and all but the h4 has a valid inducment s
USD will remain Bearish against CADUSD will remain Bearish against CAD.
USD has been weakest against CAD for the last 2 months and will continue.
USD/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
The BB upper band is nearby so USD/CAD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.427.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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USDCAD MIGHT DROP!Price just formed a falling wedge pattern. It’s a sign there’ll be a possible further decline In price to a support level of 1.40933 . A sell opportunity is envisaged upon breaking the lower board of the wedge pattern.
Descending Triangle on USDCADNoticing a descending triangle chart pattern on the 4H timeframe for USDCAD. The descending triangle is a neutral pattern suggesting two scenarios but usually plays out on bearish scenarios.
Price had been giving us LHs and equal lows. Combined with the corelation with DXY we may see bearish movement. However, confirmation is key. A break below the support will confirm the bears are in control. Alternatively, a break above the trendline AND the resistance I marked out suggests the bulls are in control.
usdcad still in range ? The USD/CAD is sitting at a critical support level in its rectangular trading range. The VRVP (Volume-Weighted Average Price) shows strong institutional interest right here, and the COT reports suggest leveraged traders aren't aggressively buying USD. This points to a potential bounce or consolidation zone. The daily chart and hourly timeframe are both showing similar signs - we're at a key support where smart money seems to be positioning themselves. It's a classic setup where the market is potentially setting up for a move, but waiting for a clear catalyst.
The key is watching how price respects this support level and looking for confirmation of either a bounce or a breakdown. i would want to see a solid rejection of these lower prices or a clean break below.
if not the range will confirm for now
USDCAD 1 hr Chart Long IdeaHello Friends,
USDCAD found support on 4h timeframe and thus gives us opportunity for long positions.
Entry = Market Price
SL = 1.42509
TP = 1.43751
We can break even the position after crossing 1st resistance at 1.43077
Please like, share, and follow for more ideas.
Thanks
USDCAD(Review and Speculation for the Day)Previously our Analysis was looking out for BUY but now,we look out for SELL.ENJOY!!
USDCAD is ready to short againNo comment needed. All information is in the chart analysis.
Steps to follow:
Analyze yourself.
Take the position with SL and Take Profits.
Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :)
Get the result.
I will update the trade every day.
Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger!
Good trades, Traders!
The golden bear
