USDCAD IdeaThis pair is retesting the ascending trendline so we enter a sell (short ) position
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USDCAD trade ideas
USDCAD SELL AT SUPPLY ZONE SMART MONEY CONCEPT Here on USDCAD price form at supply and will be likely to continue falling so trader should now look for entry for short and expect profit target of 1.42095 and 1.39930 . Use money management
USDCAD BULLISH FOR 100PIPS. Entry Point:
Current Price: Check the current price of USDCAD. A good entry would typically be on a pullback or a confirmation of bullish momentum.
Technical Analysis: Identify a support level or a technical signal (e.g., price action, moving average crossover, or bullish candlestick patterns) to enter the trade.
2. Target (100 Pips Bullish):
If you're aiming for a 100-pip gain, the target price would be set 100 pips above your entry point. For example, if your entry is at 1.3450, your target would be 1.3550.
Use resistance levels or previous highs to validate that your target aligns with realistic price movement within the given timeframe.
3. Stop Loss (30 Pips):
Set the stop loss 30 pips below your entry. If your entry is 1.3450, the stop loss would be at 1.3420.
Ensure that the stop loss is placed below a key support level to avoid being prematurely stopped out due to market fluctuations.
UCAD LongThe move I was looking for yesterday didn't happen when I expected, but that's why we should be PATIENT!
I'm still bullish on this until price falls below my EMA and start making lower lows.
USDCAD H4 SWING OPPORTUNITY Take a look from the LQD that started from the festive period of Dec 18. On date Jan 03 when banks and institutional traders are opened after the holiday, price perform a choch to the downside which is indicating a possible sell, during Pr. Trump inauguration price performed a fake out to the upside and immediately returned to the LQD. Price have failed to continue to the upside and currenting preforming a double top which is a higher probability of sellers control and we look forward to the downside of USDCAD this week/next week
USD/CAD Chart Analysis Following Bank of Canada’s Rate CutUSD/CAD Chart Analysis Following Bank of Canada’s Rate Cut
Unlike the Federal Reserve, which opted to leave its monetary policy unchanged, the Bank of Canada cut its interest rate yesterday. According to Forex Factory, as expected by analysts, the Overnight Rate was lowered by 25 basis points from 3.25% to 3.00%.
According to Reuters:
→ The Bank of Canada reduced interest rates to support the economy ahead of anticipated US trade tariffs.
→ This weakened the Canadian dollar, as the gap between Canadian and US bond yields widened.
→ Market participants estimate a 41% probability that the Bank of Canada will cut rates again in March.
→ The depreciation of the Canadian dollar is also influenced by oil prices (one of Canada’s key export commodities), which have fallen by over 8% since their mid-January peak.
Technical analysis of the USD/CAD chart indicates that the Canadian dollar’s exchange rate against the US dollar is forming a “Megaphone” pattern, with price action demonstrating the presence of selling pressure. On 21 January, sellers sharply pushed the price down from the psychological level of 1.4500, and yesterday, the price made a bearish reversal from 1.4450.
There is a possibility that seller activity could drive USD/CAD lower towards a key trendline (marked in grey) that has been forming since the second half of 2024.
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USDCAD - 4H TradingRangeDespite various market news over the past few days, USDCAD remains within its trading range, as previously discussed. The pair has yet to make a valid breakout, meaning range trading remains a viable strategy.
📉 Price has rejected the top of the range after recent news, aligning with expectations.
📌 Opportunities arise at key support & resistance zones within this range.
We continue to monitor for potential breakouts or further confirmations. Follow for updates!
BoC Rate Decision. Is the path for USDCAD is further up?With the upcoming BoC and Fed rate decisions, we are wondering, what may happen with FX_IDC:USDCAD pair? CAD has been on a sharp decline and continues to devaluate further. Let's dig in and see what might be the near-term outcome.
MARKETSCOM:USDCAD
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USDCAD BUY 15 MINUTE TIME FRAMEStrong Demand Zone
Price has to fill the gaps to the far left
2:6 Risk Reward
Let’s See:)
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USDCAD LONGUSDCAD should go long. I have a really good feeling about this pair and where it is going. outside of all the dumbshit trump is going through. I think the dollar would gain value.
USD/CAD Consolidating Ahead of Fed and BOCChart Analysis:
The USD/CAD pair remains in a well-defined consolidation zone (highlighted in beige) after its prior bullish rally. The range-bound price action reflects indecision, with traders waiting for a breakout to determine the next trend direction.
1️⃣ Consolidation Zone:
The pair is trading within a range between 1.4300 (support) and 1.4500 (resistance).
Multiple tests of both boundaries suggest these levels are pivotal for near-term price action.
2️⃣ Moving Averages:
50-day SMA (blue): Located at 1.4250, providing dynamic support near the lower boundary of the range.
200-day SMA (red): Positioned at 1.3835, signaling a long-term bullish bias.
3️⃣ Momentum Indicators:
RSI: At 55.57, in neutral territory, indicating a lack of strong momentum in either direction.
MACD: Trending slightly above zero but flat, reflecting subdued momentum.
What to Watch:
A break above 1.4500 would signal a resumption of the bullish trend, potentially targeting new highs.
Conversely, a break below 1.4300 could trigger a bearish correction toward the 50-day SMA and beyond.
Watch for sustained volume and momentum to confirm any breakout direction.
The USD/CAD pair is at a crossroads, with its consolidation phase setting the stage for a significant move. Traders should monitor the range boundaries closely for breakout opportunities.
-MW
USDCAD SELLLooking to sell USDCAD around 1,44040 towards 1,43600. The CAD is looking to gain strength ahead the highly anticipated interest rate tomorrow. Expecting some volatility from this pair
USDCAD could soar if tariffs are implemented this weekendWatch out video to learn more.
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USDCAD consolidating - wait for breakout and retestPrice is at a second major resistance zone
Before price reached this level it broke out of the first resistance
Currently price is consolidating near our second resistance
Wait for a zone breakout and retest before placing any trades
USDCAD TO SHORT THEN LONGI also have USDCAD on my radar, expecting a buy overall, but for that to happen, I am expecting a third touch to the trendline above or an arc at the ray line above to short for a third touch on the daily trendline and place buys from there.
Sell usdcadStrong sell expected to complete the bearish correction
Monthly selling level
Weekly and monthly bought pair
I'M SELLING USDCADTP1 @ 1.42600
The sell should be massive.
The area above 1.4386 maybe tapped that's why I made the sl accommodate it.
USDCAD Immediate Support BreakUSDCAD
If USDCAD could break Immediate Support, we should see a nice down swing.
Louw Swing LongWeekly marker is Bearing and also the Daily is Bearish so, am waiting for a marker to come at my Retest then Swing USD/CAD
Usdcad bearish continuation Last week, we witnessed a surprising move in #USDCAD due to the CAD-CPI.
✔It is still in a downtrend,
👁so we'll wait for a proper retest before entering a continuation trade to the downside.
USDCAD - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
1.39318 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
While the RSI support #1 at 47 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 1.34185 on 09/25/2024, so more gains to resistance(s) 1.44670, 1.46000, 1.46900 and more heights is expected.
Supports and Resistances:
1.46900
1.46000
1.38884
1.38168
1.37487
1.36876
1.36072
1.35404
1.34323
1.33664
1.31816
1.30929
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USDCADUSDCAD looking great bearish trend on point we will see a small pull back then a lovely drop as long as USD plays its part looking forward for next week. Trade save and at ya own risk..
