Get started

USD/CAD LMAX

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

USDCAD_LMAX trade ideas

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 market
Long
by hcarbajal12
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!
Short
by SignalProvider
1
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.
Short
by Biaxar
USDCAD - Losing Steam - Shorting the Mid RetestI’ve been tracking this one for a while, and I believe it’s time to short this area after the significant bearish signal right at the top, which resulted in a failed breakout. After several months of accumulation and various breakout attempts that ultimately fell back into the range, it has now dropped below the mid-level. For me, this is a clear short signal. If it reclaims the mid-level solidly before my invalidation point, I’ll consider closing my position manually. For now, I’m targeting the range low.
Short
by ZelfTrade
2
Sell Trade Idea for USD/CADDescriptions The USD/CAD pair, representing the exchange rate between the U.S. Dollar (USD) and the Canadian Dollar (CAD), presents a potential sell opportunity driven by several key fundamentals: - **Rising Oil Prices:** As one of the world's largest oil producers, Canada’s currency tends to strengthen when oil prices rise. With increasing global demand and supply constraints, higher oil prices could boost the CAD, weakening the USD/CAD pair. - **Canadian Economic Resilience:** Canada's economy is showing strong resilience, especially in sectors like commodities and natural resources. This could lead to a stronger Canadian Dollar, contributing to downward pressure on USD/CAD. - **U.S. Inflation Concerns:** Inflationary pressures in the U.S. may weigh on the USD, especially if they lead to uncertainty around future monetary policy. This could weaken the U.S. Dollar relative to the Canadian Dollar. - **Bank of Canada’s Hawkish Stance:** With the Bank of Canada signaling potential rate hikes to combat inflation, the CAD may benefit from increased investor confidence, further pushing USD/CAD lower. Given these economic conditions, a sell trade on USD/CAD may provide an opportunity to benefit from a stronger Canadian Dollar in the short to medium term. Disclaimer Trading in the forex market involves significant risk and may result in substantial losses. The content provided here is for informational purposes only and should not be considered financial advice. Forex trading is highly speculative, and currency prices can be influenced by a range of economic, geopolitical, and market factors. Always perform your own due diligence, assess your risk tolerance, and consult with a financial advisor before making any trading decisions. Past performance is not indicative of future results.
Short
by MoonTradingForecast
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".
Short
by fx_Dispenser
Analysis of USD/CAD: Bank of Canada Cuts Interest RateAnalysis of USD/CAD: Bank of Canada Cuts Interest Rate Yesterday, the Bank of Canada reduced its key interest rate by 25 basis points to 4.25%. Its governor, Tiff Macklem, cited weak economic growth and suggested that a more substantial rate cut could be considered in the future. While the rate cut was widely expected, the currency market reacted with a surge in volatility. For instance, on the USD/CAD chart: → On 3 September, ahead of the decision, the USD/CAD rate was climbing; → On 4 September, immediately after the announcement, the rate dropped sharply. What could be the outlook for the exchange rate, which has fallen by approximately 3% from early August to the end of the month, breaking key resistance at 1.3600? A technical analysis of the USD/CAD chart shows that the rate is best described by a downward red channel. The median line of this channel acted as resistance (shown by an arrow) earlier this week, pushing the rate towards the trendline (in blue), which had supported the rise from the lower boundary of the red channel. This support is further reinforced by the 1.3500 level. It is therefore reasonable to assume that the market is reaching a temporary balance between buyers and sellers, leading to fluctuations in the USD/CAD rate between the red median line and the 1.3500 level. However, traders should remain cautious of a potential resurgence in bearish pressure, which dominated throughout August, as the 1.3500 level could again act as resistance. 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.
by FXOpen
2
USDCAD 1H Analysis: Resistance and Support Levels to Watch for SThe chart shows the USDCAD currency pair on a 1-hour timeframe, where the price is currently trading around 1.35124. The market has been in a downtrend, but there is potential for short-term consolidation and a possible retracement before further movement. Key Observations: Downtrend Momentum: The price has been steadily declining from the recent high, reaching a lower support zone. The resistance level above (1.3600-1.3620) is expected to act as a key zone for any retracement. Resistance Zones: Immediate Resistance: The price might retest the 1.3600 area before continuing the downtrend. This level aligns with the previous structure and is an important area for sellers to enter. Major Resistance: There is another significant resistance zone around 1.3850 where the price previously reversed, indicating strong selling pressure. Support Zones: Immediate Support: A potential move towards 1.34376 is indicated, where buyers could re-enter the market, and further price consolidation may occur. Major Support: The level around 1.3300 is a significant support area, and a break below this level could lead to further downward momentum. RSI Indicator: The RSI is showing bearish momentum, and the market may continue to push lower in the short term before any significant retracement occurs. Expected Price Movement: In the short term, the price could bounce back toward the 1.3600 resistance area before facing selling pressure. If it fails to break through, a decline toward the support level at 1.34376 and further down to 1.3300 is possible. On the other hand, a break above the resistance would invalidate the bearish bias, signaling further bullish movement. This setup presents both short-term selling opportunities on retests of resistance zones and potential buying opportunities at support levels for a range-bound strategy.
Short
by Nigouk
USDCAD - Set and Forget1. Objective: The objective is to enter a sell trade and ride the expected downward trend to the Wave 5 completion. 2. Key Levels: Resistance Levels: 1.35880: Major resistance level (D1 R) above Wave 4. Support Levels: 1.32672: Key support level (D1 S) and the expected completion of Wave 5. Invalidation Level (Stop Loss): 1.35880, the resistance level, as a break above this would invalidate the expected downward move and signal that the Wave 4 correction is still in play. 3. Entry Strategy: Entry Point (Sell Stop): 1.34990 This level is slightly below the current price and the confirmation sell stop level indicated on the chart, signaling the start of the bearish breakout. 4. Profit Targets: First Target (Conservative): 1.34000 This is a minor level, providing a conservative target in case the move takes time to develop fully. Second Target (Aggressive): 1.32672 This is the key support level (D1 S) and the expected completion of Wave 5, making it the aggressive target for the full downward move. 5. Stop Loss: Stop-Loss Level: 1.35880 Set above the resistance level of 1.35880 to protect against further upward movement in case the analysis is invalidated. 6. Risk-Reward Ratio: Risk: 89 pips (from 1.34990 entry to 1.35880 stop-loss). Reward for Target 1: 99 pips (from 1.34990 entry to 1.34000). Reward for Target 2: 232 pips (from 1.34990 entry to 1.32672). Risk-Reward Ratio: Target 1: 1:1.11 (for a conservative target, acceptable). Target 2: 1:2.6 (for an aggressive target, highly favorable). Conclusion: Strategy: Enter a Sell Stop at 1.34990, with a stop-loss at 1.35880. Profit Targets: First target at 1.34000 and second target at 1.32672. This plan offers a strong risk-reward ratio, particularly when targeting the extended move to 1.32672, which aligns with the completion of Wave 5. This trading plan provides a clear structure, strong risk management, and high probability of success based on the current wave structure analysis. Trading Suggestion Sell Stop Entry Level: 1.34900 Stop Level: 1.35700 Profit Level: 1.32700
Short
by TradingDame
1
USDCAD Possible Short Position BBMA OA ReEntry Zone Zero Loss1H - Re-Entry 15m - 50 EMA Rejection + Bollinger Band Rejection 5m - Entry in MAHI Note: * Cancel trade or cut-loss when candle close Above MAHI (2 Green 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
Short
by GreggiBond