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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

USDCAD Trading Opportunity! BUY! My dear friends, Please, find my technical outlook for USDCAD below: The instrument tests an important psychological level 1.3728 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.3787 Recommended Stop Loss - 1.3693 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
USDCAD Possible Long Position BBMA ReEntry Zone Zero Loss4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - CSAK + Entry in MALO Note: * Cancel trade or cut-loss when candle close Below MAHI (2 Red Color Lines) in 4H * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Long
by GreggiBond
USDCAD Will Move Higher! Long! Here is our detailed technical review for USDCAD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.372. Considering the today's price action, probabilities will be high to see a movement to 1.379. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
USD/CAD snaps 5-day losing streak ahead of US PPIOver the past 5 days, USD/CAD has retraced -1.7%. And each day saw a loss of bearish momentum. A small bullish engulfing candle formed on Monday to snap the 5-day losing streak, and the fact it formed around the 50-day EMA and 61.8% Fibonacci level make it the more appealing for a bullish swing trade. Bulls could target just below the 1.38 handle, with a stop just beneath last week's low. Or a stop could be placed below 1.37 for a more conservative reward to risk.
Long
by CityIndex
1
BOC Rate Cut Bets Grow as Loonie Stands Firm R2 1.3947 – 5 August/2024 high – Strong R1 1.3900 – Figure – Medium S1 1.3718 – 9 August low – Medium S2 1.3700 – 19 July low – Medium We remain in the thick of thin summer trade, something that must be taken into consideration when reflecting on price action. The market has done a good job overall recovering from last Monday’s panic mess and the question on everyone’s mind is whether or not all of that doom and gloom is behind us or just the start to another intense wave of risk off flow. The Canadian Dollar held up rather well on Friday despite the discouraging Canada employment report. The local rate market has now begun to price in the 10% possibility for an even bigger 50 basis point rate cut at the Bank of Canada's next meeting in early September. Key standouts on Monday’s calendar come from German wholesale prices, Canada building permits, US consumer inflation expectations, and the US monthly budget statement. A sustained hold above 1.3000 over the past several months signals an end to a period of longer-term bearish consolidation and suggests the market is in the process of carving out a more significant longer-term base. Next key resistance now comes in up into the 1.4000 area, with a break to open a retest of the 2020 high just ahead of 1.4700. Setbacks should be very well supported down into the 1.3000 area. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
1
USD/CAD: Awaiting Bearish Continuation Before Potential ReversalThe USD/CAD pair has shown resilience even as the USD/DXY continues to strengthen. However, it seems to be taking its time to find a robust Support/Demand zone before embarking on a corrective phase. Our analysis, which integrates Seasonality trends, the COT report, and our proven Supply and Demand strategy, points towards an impending continuation of the bearish momentum. Currently, we are closely monitoring the 1.36480 level—a key area where price action is likely to encounter significant demand. It is at this juncture that we expect to see a pattern indicating a potential reversal. Should such a pattern materialize, it would provide a strong signal for entering a long position at the market. This strategic approach allows us to capitalize on the anticipated recovery following the completion of the bearish cycle, positioning ourselves for a favorable entry as the price gears up for a bullish turn. ✅ Please share your thoughts about USD/CAD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
USD/CAD Trade Setup: Long Position from Fibonacci Golden PocketI've entered a long position on USD/CAD, using the Fibonacci retracement for my setup. The entry is based on the golden pocket level, a key area between the 61.8% and 65% retracement levels, which often acts as strong support. Although I've been underwater on this trade for a while, I'm still confident in the strength of the golden pocket. My stop loss is strategically placed below this level at 1.37115 to protect against further downside. I'm targeting the 0.382 Fibonacci level for my final take-profit at 1.38110. I'm also considering adding to my position if we get a four-hour close above the EMA on the 4-hour chart, which would further confirm the bullish setup. I'll keep you posted as the trade develops.
Long
by CryptoHydro
USD/CAD H1 | Potential bearish reversalUSD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.3754 which is a pullback resistance. Stop loss is at 1.3780 which is a level that sits above the 23.6% Fibonacci retracement level and an overlap resistance. Take profit is at 1.3717 which is a pullback support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM