Uptrend It is expected that the price will cross the resistance range and after stabilizing above the resistance range, we will see the continuation of the upward trend. Longby STPFOREX4
USD/CAD Rebounds from Demand Zone: Bullish Continuation in SightThe USD has shown a strong and positive response to today's economic news, signaling potential for further gains. After a temporary pullback yesterday, the Dollar is now demonstrating resilience, looking ready to recover and continue its bullish movement. This performance aligns well with our previous market analysis, where we anticipated a potential surge in the USD/CAD pair. After the pair found solid support at a key demand area, it now seems primed for an upward continuation. From a technical perspective, the rebound on the demand zone has set a solid foundation for further growth. This area has proven to be a reliable point of reversal in the past, and the pair's recent price action suggests a renewed bullish momentum could be unfolding. The USD/CAD pair’s ability to hold above this critical zone increases the probability of a sustained upward trend in the days to come. Adding to the technical picture, the COT (Commitment of Traders) Report reflects a market sentiment that favors the USD. According to the report, large institutional players have been positioning themselves in favor of the Dollar, while retail traders appear to be on the opposite side of the trade. This divergence between the smart money and retail positions is often a key indicator of a potential continuation of the trend. As institutional traders continue to build bullish positions, the likelihood of further upward movement in USD/CAD increases. Additionally, seasonal patterns for this currency pair are historically aligned with periods of strength for the USD during this time of year. Over the years, USD/CAD has shown a tendency to rise during similar market conditions, adding another layer of confidence to the bullish outlook. While seasonality alone is not a decisive factor, when combined with strong technical and sentiment indicators, it provides valuable insight into the market’s potential direction. Overall, the combination of technical analysis, market sentiment, and seasonal trends suggests that the USD/CAD is in a favorable position for continued growth. Traders looking for long opportunities may find this to be an ideal setup, especially as the pair navigates through what appears to be the beginning of a bullish momentum. As always, keeping a close eye on upcoming economic data and market events will be crucial in confirming the strength of this potential trend. ✅ 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.Longby FOREXN1Updated 6615
USD/CAD STRONG BUYAs you can see the price make a very strong move on the New York sesion friday with the fundametals we reciaved and that make the usa Dollar be more valorated and the inflation make the strong move too, so what iam looking right here its for a buy limit in the Order Blocks that are formed from H4 to 15MIN , confirming the price movment with the RSI gettiing to a overbuyed zone to the go back and activad the orderblock and then make profits to lotas of buyers in the marketLongby hcarbajal121
USD/CAD BEARISH OUTLOOK Price trades at 1.35628 it may continue to trade on shorterm bearish trend for a while upto the area of 1.32254 before we can have a rebound. A buy opportunity is envisaged from the area of 1.32254 level.Longby Cartela221
USDCAD Will Fall! Sell! Take a look at our analysis for USDCAD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.357. The above observations make me that the market will inevitably achieve 1.355 level. 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!Shortby SignalProvider112
USDCAD Sell ScenarioToday, we will analyze USDCAD Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section. Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.Shortby Biaxar2
USDCAD - H4Hello People, Fx Dispenser HERE. As we can see H4 structure is bullish, however momentum is bearish. If price breaks above "1.35171" we can expect a short term bullish reversal to around "1.35287", or "1.35490". If price must continue to the down side, It must not break and close above 1.35490, if this happens, and price reaches previous highs, be wary of a liquidity sweep to the down side. A break and close above previous highs would indicate bullish continuation. My Bias is 'Short term bull reversal with a bearish continuation".Shortby fx_Dispenser1
Going Long on UCADThe news released for USD was positive, so I'm expecting USD to rise. It has already taken out the last high, and it could potentially push higher.Longby whurdacashat0
USDCADUSDCAD short term sell opportunity. CAD will drop to the indicated demand zone. activate a sell at CMP with a stop level around 1.3878Shortby oxxygee0
USDCAD SMA PROTECT YOU ALWAYSEVERYTHING ON CHART please check my pre idea so you can understand better signals and analsys are free... and always will beby Wisam_Adil0
Correction A corrective trend is expected to form up to the specified support range. Then, according to the behavior of the price in the support range, possible scenarios have been determinedShortby STPFOREX0
USDCADWE looking for long term buying opportunities as we are still inside the bullish trend resulting in a correction first before the impulse of buys to the upside| 1H TIMEFRAMELongby officialpotego_fx0
Buy for USDCAD With divergence looking to give up an entry for us, we can take advantage of a intraday discount this false dollar push. Sl shown in not reflective of my account. Trade safe, Trade Smart, Trade Drippy!Longby Drippysnipes0
Usdcad weekly time frame forecast monthly ob ready to big drop Usdcad weekly time frame forecast monthly ob ready to big drop .we have in weekly time frame breaker block so we are expecting big bearish are you ready ?Shortby ICTCONCEPTTRADING0
USDCAD Is Very Bearish! Sell! Take a look at our analysis for USDCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.358. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.355 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProvider111
USDCAD Double BottomUSDCAD will create a double bottom and rise from the support. Buyers must keep an eye on this one. Price should fall next week to support 1.3468by Technical_AnalystZAR0
USDCAD - Projection 1.3420 If we consider Ichimoku analysis 1. Kumo - price is below the cloud and we should be looking for Short Opportunities. The cloud is thick , but flat in direction. This reflects the September price correction. 2. Tenkan Sen / Kijun Sen - we can see price has moved above the Tenkan Sen ( 9 period equilibrium) and settled at the Kijun Sen ( 26 period equilibrium) . In the medium term , we can say this pair is fairly priced. 3. Chikou - has been trending up for September. It is in open space. Structural - we can see price has arrived at significant structure at 1.3600 , which is acting an Resistance. Pivot Points - we can see the Weekly R2 is holding price at bay. Pattern - there is an obvious Bearish Flag pattern in play - for price candlesticks, Chikou , and RSI. Catalyst - the obvious fundamental catalyst for a price channel break is the FOMC and anticipated Rate Cut. From a Technical and Fundamental basis , the bias is SHORT. Projection - a confluent point of Pivot R2 weekly, the start of the corrective channel , the underlying Demand Zone , and the extremity of volatility ( check Bollinger Bands yourself) = 1.3420 - 1.3440. Shortby Umlingo220
Maybe long USDCADBuy when the Williams % trendline is broken and bulissh candle closes above 50EMA.Longby VitorChinen111
Possibility of uptrend Oscillation is expected to form in the current support range. Then the continuation of the upward trend will be likely. If the price crosses the level of 78.6%, the continuation of the downward trend is likely Longby STPFOREX1
USDCADOn the monthly and weekly charts, we have bearish price action.. After a strong bearish run in 2021, the price sought to correct previous imbalance that is about to come to an end. Presently (22.04.2024), we expect price to make one final push higher, thereafter we will be looking for reversal signs.by morrisgitauUpdated 2
Usd/CadThis is a 1hr intra day sell set up . We have reached a daily supply zone so I do expect sellers to come in here. Also , the week is ending tomorrow . Simple set up just use risk management and you are good to go . My stoploss is covering the highs and take profit can be the -0.27 or -0.618 . Shortby JohnMaLong130
USDCAD - Technical Analysis [Long & Short Setup]🔹 USDCAD Analysis on 1HR chart - The current Trend Seem neutral - Bearish Divergence is Present - No Reversal pattern - Found Harmonics AB=CD Pattern - Waiting for a Break of Structure for Confirmation Either at Point C or At Point B. - If point C break we short. - If point B break we long. 🔹 Trade Plan At Point C - Entry Level = 1.35589 - Stop Loss = 1.36036 - TP1 = 1.35137 - TP2 = 1.34681 🔹 Trade Plan At Point B - Entry Level = 1.36297 - Stop Loss = 1.35783 - TP1 = 1.36757 - TP2 = 1.37213 🔹 Risk Management - First TP is 1:1 - Second TP is 1:2 🔹 How to Take Trade? - Only risk 2% of your portfolio - Take 1% risk entry with 1:1 RR - Take 1% risk entry with 1:2 RR Like and subscribe to never miss a new idea! ✌🏼by Bountysoul1
USDCAD ANALYSISUSDCAD should see a long bearish move, wait for the break of support and retest of that level holding it as a resistance then look for your entry. I anticipate a long term sell on this. Also ensure you do your due diligence before taking your trade. Goodluck FamsShortby HipartnersFx0