USDCAD - Bullish Trade Price is moving in bullish trend.
No bearish divergence indicates continuation of trend.
USDCAD trade ideas
Update levels USDCADAccording to the original analysis, I just adjusted a few levels, otherwise the comment still remains valid, I'm still waiting for a short set up.
#013 NEW DCA USDCAD UP TRENDIf price goes up, then just buy. Look for clean price action.
DCA when price goes against us, scale in when price moves in our favour. Same coin of different sides.
1338SGT 17122024
Kinda tired of forex because the movements isn't as strong as stocks and there's the counter currency pulling action.
#008 NEW DCA USDCAD Buy Up TrendI bought USDCAD just because I saw that it has been trending.
No other reasons. I think sometimes no reason but because it is trending is a very good reason.
Just like duolingo, godaddy, marriott, tesla. Don't question. No need for question.
Obviously if something is going to go upwards and it has been going upwards, plus being strongly going up, you would want to take a piece out of it. You dont question why its going up. You just grab that wall flower and begin peddling. Once the trend dies, and you give it logic, you kill yourself with the logic when the logic doesn't work out the way you thought.
So, don't think. theres nothing to think about.
1547SGT 13122024
USD/CAD Sell - 15 minsTrading Idea: USD/CAD Sell Setup
Trade Overview:
Entry Zone: Near 1.42500
Take Profit (TP): 1.42100 (Key Support Zone)
Stop Loss (SL): 1.42738 (Above Resistance)
Risk-to-Reward Ratio: ~2.5:1
Technical Analysis:
Head and Shoulders Pattern:
The chart highlights a clear Head and Shoulders reversal pattern, with the right shoulder forming near the 1.42500 resistance zone.
This is a strong bearish signal, indicating a potential shift in momentum to the downside.
Rising Wedge Breakout:
Price is showing signs of breaking down from a Rising Wedge, a bearish continuation pattern.
Bearish candlesticks indicate selling pressure building near the resistance.
Key Resistance Zone:
The 1.42500–1.42700 area has acted as a strong ceiling for price, resulting in multiple rejections.
Sellers have shown dominance at this level, reinforcing the bearish bias.
Target Support:
The TP at 1.42100 aligns with a prior support level and demand zone, making it a logical target for the move.
USDCAD Wave Analysis 16 December 2024
- USDCAD reversed from support zone
- Likely to rise to resistance level 1.4300
USDCAD currency pair recently reversed up pivotal support level 1.4140, former resistance level which reversed the price sharply at the end of November.
The upward reversal from the support level 1.4140 started the active impulse wave 5 of the higher order impulse wave (3) from September.
Given the clear daily uptrend, USDCAD currency pair can be expected to rise further to the next resistance level 1.4300.
USD/CAD Riding the Ascending ChannelChart Analysis:
The USD/CAD pair continues to trade within a well-defined ascending channel (blue-shaded area), reflecting sustained bullish momentum.
1️⃣ Ascending Channel:
The pair is trading near the upper boundary of the channel, indicating strong upward momentum.
Traders may watch for reactions at this level for potential continuation or minor pullbacks to the channel’s midline or lower boundary.
2️⃣ Key Resistance Level:
The horizontal level at 1.3977 (pink line) represents a significant historical resistance area. A sustained breakout above this level has reinforced the bullish outlook.
3️⃣ Moving Averages:
50-day SMA (blue): Rising and acting as dynamic support near 1.3952.
200-day SMA (red): Sloping upward around 1.3723, confirming a longer-term bullish trend.
4️⃣ Momentum Indicators:
RSI: Hovering near 71, reflecting strong momentum but also signaling overbought conditions.
MACD: Bullish momentum remains intact as the MACD line stays above zero and trends upward.
What to Watch:
Price reaction at the upper channel boundary for signs of continuation or a corrective pullback.
Any retracement towards the 50-day SMA or channel’s lower trendline could be closely monitored.
RSI may warrant attention for any potential bearish divergence if momentum weakens.
USD/CAD remains firmly within a bullish structure, supported by rising moving averages and strong momentum. The ascending channel provides a clear technical framework to follow.
-MW
USDCAD - Long after filling the imbalances !!Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. My point of interest is if price fills the imbalance lower and then rejects from bullish OB.
Fundamental news: On Tuesday (GMT+2) we will see results of CPI on CAD and on Wednesday Interest Rate on USD, followed by FOMC Conference.
Like, comment and subscribe to be in touch with my content!
USDCAD long (about to make a higher low)The charts are indicating that USDCAD is about to turn upwards, making a bottom (ie: as part of its sequence of higher high and higher low). It is about to form that higher low. My trade is geared at getting in at the bottom of that higher low.
I have already set my limit orders so I can be in the trade when the price comes to my satisfactory price point.
USDCAD BUY | Idea Trading AnalysisUSDCAD is moving UP
The chart broke through the dynamic resistance, which now acts as support.
We expect a decline in the channel after testing the current level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
USDCAD may suggest reversal Intraday Update: Following the US Data, the USDCAD almost hit the 161% extension of the Aug highs to Sept lows at 1.4281 as the intraday RSI continues to divergent. A quick 30 pip reversal is a risk for bulls back to the 1.4200 level.
USDCAD, Breakout or fake fakeout? USDCAD / 1D
Hello Traders, welcome back to another market breakdown.
The market shows strong bullish momentum, breaking through key resistance levels and signaling a potential continuation to the upside. However, The price is rejecting the Previous all-time high. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the breakout zone for a more strategic entry.
If the pullback holds and buying confirms, the next leg higher could target:
First Resistance: Immediate levels formed during prior consolidation.
Stay disciplined, wait for the market to come to you, and trade with confidence!
Trade safely,
Trader Leo.
USDCAD, Breakout and follow throughUSDCAD / 1D
Hello Traders, welcome back to another market breakdown.
The market shows strong bullish momentum, breaking through key resistance levels and signaling a potential continuation to the upside. However, The price is rejecting the Previous all-time high. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the breakout zone for a more strategic entry.
If the pullback holds and buying confirms, the next leg higher could target:
First Resistance: Immediate levels formed during prior consolidation.
Stay disciplined, wait for the market to come to you, and trade with confidence!
Trade safely,
Trader Leo.
Uptrend The uptrend is expected to continue until the specified resistance levels are formed. Then there is a possibility of a trend change.
USDCAD-SELL strategy Daily chart GANN SQThe pair is solid moving upwards, but it is severe overbought. We have a reasonable level for OIL and holding well, and there is a chance that USD may undergo some weakness.
Strategy SELL @ 1.4230-1.4260 area and take profit @ 1.4135 for now.
USDCAD Analysis And Next Market Move Pair Name = USDCAD
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details :-
USDCAD is overall bullish and gradually moving. CAD is not strong today. That is pushing USD higher. We can see gain UpTo 100 Pips + here .
Gradually it will climb
Bullish Target :-
1.44000
1.45000
USDCAD in bullishUSDCAD in bullish trend printing a rising wedge place Sell stop blow the Higher High
USD/CAD H1 | Potential bullish bounceUSD/CAD is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 1.4209 which is a pullback support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 1.4171 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 1.4285 which is a level that aligns with the 61.8% Fibonacci projection level.
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Market Analysis: USD/CAD Builds on GainsMarket Analysis: USD/CAD Builds on Gains
USD/CAD is rising and might aim for more gains above the 1.4245 resistance.
Important Takeaways for USD/CAD Analysis Today
- USD/CAD is showing positive signs above the 1.4200 support zone.
- There is a contracting triangle forming with resistance at 1.4245 on the hourly chart at FXOpen.
USD/CAD Technical Analysis
On the hourly chart of USD/CAD at FXOpen, the pair formed a strong support base above the 1.4100 level. The US Dollar started a fresh increase above the 1.4165 resistance against the Canadian Dollar.
The bulls pushed the pair above the 1.4200 and 1.4215 levels. The pair cleared the 50-hour simple moving average and climbed above 1.4240. A high was formed at 1.4245 and the pair recently corrected some gains.
There was a move toward the 23.6% Fib retracement level of the upward move from the 1.4119 swing low to the 1.4245 high. Initial support is near the 1.4215 level.
The next major support is near the 1.4195 level. The main support sits near the 1.4165 zone on the same USD/CAD chart. It is close to the 61.8% Fib retracement level of the upward move from the 1.4119 swing low to the 1.4245 high.
A downside break below the 1.4165 level could push the pair further lower. The next major support is near the 1.4120 support zone, below which the pair might visit 1.4050.
If there is another increase, the pair might face resistance near the 1.4245 level. A clear upside break above 1.4245 could start another steady increase. The next major resistance is the 1.4320 level.
A close above the 1.4320 level might send the pair toward the 1.4365 level. Any more gains could open the doors for a test of the 1.4420 level.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
$USDCADOn the daily timeframe, there seems to be a volume divergence near the current price level. Looking for price to retrace towards the target levels listed on the chart.
USDCAD continuation upwards to moonUSD/CAD is looking to continue upward. Charts is showing a bullish penant , look for a buy
USDCADThe potential BUY scenario for the pair
The pair is under observation as it approaches the designated BUY zone on the chart.
