Long buddy!!!1.400-1.4050 is my target area for the remainder of the this week.
My price action, My 1hr time frame entry and My macd indicator all aligned for my long bias…
What is your thoughts on this pair?
Trade safely my friends
USDCAD trade ideas
USDCAD IS GOING UPPPPCanada relies heavily on oil exports, so any drop in oil prices can weaken the Canadian dollar, while U.S. GDP growth or a decrease in unemployment strengthens the U.S. dollar.
Long buddy!!!I am long the rest of the weak.
All the way up to 1.400 area.
My macd, price action and time frame have ll been triggered.
What are your thoughts?
Trade safely my friends
USDCAD BEARISH 4H TF (FVG/OB BUY SETUP) Instrument has made a Fair Value Gap greater than 100 points with Order Block showing instant movement towards the upside. Entry is taken at middle of OB with SL 5 points below OB and TP at the top of FVG.
What do you think, will it work?
USDCAD with two probabilities for 10/29/2024USDCAD with a high probability to make the decision for 10/29/2024 ✅️ :
🔸️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.
USDCAD- From a technical point of viewUSDCAD has been on an uptrend for the past 30+ days, and I'm a huge believer in trends so on a daily basis I have been entering longs and will do so until price is showing clear obvious signs that it has changed, of course the trend direction is only half of the problem so finding a good entry is crucial and my thinking behind this is both logical and quantifiable, logically I know the only way to make profit is to buy low and sell high. and in terms of quantifying I use technical analysis to read the price and identify the lows/highs so I can enter. as long as you believe that buying low and saying high while following the trend must not be violated then you should be fine most of the time
Possibility of correction The uptrend is expected to advance to the resistance range. Then, according to the behavior of the price in this range, it is expected that a trend change will take place and we will see the beginning of the correction process
US Dollar retains US election risk bid | FX ResearchThe Canadian Dollar simply can't catch a break. Bank of Canada policy has turned increasingly dovish, all while the price of oil remains under pressure and Canada economic data deteriorates.
Oil prices have tumbled following Israel's strikes on Iran, which avoided crude facilities. This has led to a de-escalation of tensions in the Middle East.
Looking ahead, we have Canada’s wholesale sales data, the Dallas Fed manufacturing report, and a speech from ECB’s Gino (Dall'Asta).
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
Buy - Follow trendoverall buy Trend for USDCAD based on previous trade as well.
Still going uptrend with this trade.
Targeting the low of Asia for entry.
USD/CAD H4 | Overlap support at 38.2% Fibonacci retracementUSD/CAD is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 1.3842 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 1.3800 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 1.3897 which is a swing-high resistance.
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. 64% 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 (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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.
Read the USDCAD MarketLet's Look at USDCAD Chart and make some Decisions for this Week, Good Luck With Your Trades <3
USDCAD with two probabilities for 10/28/2024USDCAD with a high probability to make the decision for 10/28/2024 ✅️ :
🔸️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.
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
sweetest everyou should forget about BTC or any othe cryptos.
we have USDCAD in forex so are you ready for one of the longest and sweetest journey ever ?
the cup and handle and after that pretty double bottom are clearly visible .
you don't need any indicator for this .
price action is enough it self.
i strongly suggest you to check my USDJPY and GBPCAD articles .
this one is like those ;)
so let's ride it !
Possible further continuation on USDCADPrice has seen a bullish week🔥📈⬆️. We also witnessed weak Canadian data on Friday, further putting pressure on the Canadian dollar and more power for the Us dollar as price is rushing for weekly HH💰where external liquidity is present. This is due to price reacting to a discount weekly demand zone and giving out momentum.
We have a new HH & HL caused by a break of structure to the upside with momentum. This is perfect trend due to rapid formation of new HH and HL.
Next week is christmas day for Fundamental traders due to multiple high volatility economic events🇬🇧🏴🇨🇭🇺🇲🇪🇺🇨🇦. This could also add to our setup for the week as fundamentals usually add momentum to the market.
📈📊Our trading idea is bullish, whereby one of these two demand zones is expected to hold and push price further as per trend. Also taking note that price is rushing for external liquidity, we can anticipate a larger move upon reaction to our zone targeting our last HH.
💰 Apply good risk management 💰
a clear chance1st tp ATH
Canada continues to see the downside opening up in economic data prints, spurring the BoC to step up the pace of rate cuts heading into the end of the year. Canadian Retail Sales figures from August are slated to print on Friday, and are expected to stick to the trend and moderate further. However, the long-dated data is unlikely to spark much movement.
* PLEASE MAKE SURE TO VISIT RELATED ARTICLES WHICH MENTIONED BELOW
USDCAD Weekly Head and ShouldersA trade above 1.40210 would complete the head and shoulders pattern with a a price objective of 1.46417
IBKR:USDCAD
Buy USDCADOverall Uptrend.
Gave extra SL due to news later.
The upside of this, this trade can play out pretty well but the risky part will be the news spread and slippage on your brokers.
USDCAD TODAYUSDCAD TODAY after strong move up is bulish.
Everymove down is good opportunity for buy.
I expect new high
update USDCAD movementUCAD is moving according to yesterday's prediction, maybe I will hold this short position for a rather long period of time
USDCAD developing an ascending wedge ahead of data today! Intraday Update: Ahead of the Canadian retail sales the USDCAD may be developing an ascending wedge into a longer term 88% retracement. A move to 1.3890 may find resistance with support at 1.3830.
Ascending wedges are reversal patterns by default.
