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Usd-cad

USDCAD, H4 | Potential Bearish Reversal Price is approaching a multi-swing high resistance level, and it aligns with the 50% Fibonacci Retracement level, which could cause price to reverse from here to our take profit target. Entry: 1.3385 Why we like it: There is a 50% Fibonacci Retracement and a multi-swing high resistance. Stop Loss: 1.3446 Why we like it: There is a pullback resistance. Take Profit: 1.3300 Why we like it: Pullback support and a 38.2% Fibonacci Retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
USDCAD - Trend-Following Setup ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. USDCAD has been overall bearish trading inside the falling channel in red, however it is currently approaching around the upper trendline. Moreover, the zone 1.345 is a supply zone. 🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue supply and upper red trendline. As per my trading style: As USDCAD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
7
USDCAD Sell opportunity arising a little higher.USDCAD is trading inside a Channel Down pattern for nearly 5 months. The price is currently on the 1day MA50 for the first time since July 7th and second since June 1st. Obviously a strong Resistance. The technical rejection zone however lies a little higher inside the range consisting of the 1.33845 Resistance (previous High) and the 0.618 Fibonacci level (1.34340). This is where the last Lower High was rejected. The 1day RSI is already near its own Resistance, same as the May 25th Lower High rejection. As a result, starting to sell when it touches it and scale sells up until the 0.618 Fibonacci, is a valid approach. Target Support A at 1.30950 and after a rebound, Support B at 1.29555 for a technical Lower Low. Previous chart: Follow us, like the idea and leave a comment below!!
Short
by TheCryptagon
6
USDCAD to find support at current swing low?USDCAD - 24h expiry Trend line support is located at 1.3125. A lower correction is expected. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 1.3175 will confirm the bullish momentum. We look to Buy at 1.3125 (stop at 1.3090) Our profit targets will be 1.3215 and 1.3240 Resistance: 1.3200 / 1.3225 / 1.3250 Support: 1.3150 / 1.3125 / 1.3100 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
1
USDCAD critical 1M MA50 test. Sell higher or wait for break-out.The USDCAD pair hit again the bottom (Lower Lows trend-line) of the Channel Down that started on the March 10 High and on top of that almost touched the 1M MA50 (red trend-line) for the first time since September 13 2022. Naturally, this is a major long-term Support, which if broken (full 1M candle closing below it), invalidates the Channel Down and could start an even more aggressive sell-off. In that case, we will target Support 1 (1.29625) and Support 2 (1.28980) and after each 1D closing below them we will go all the way until Support 3 (1.27290). If however the 1M MA50 and bottom of the Channel Down hold, we will wait for a test (rejection) of the 1D MA50 (blue trend-line) to open a sell. If it rises more to the 1D MA200 (orange trend-line), we will open a second sell and target Support 1 at 1.29625. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
USDCAD selloff to stall at current levels?USDCAD - 24h expiry Price action has stalled at good support levels and currently trades just above here (1.3150). We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. Short term RSI has turned positive. A move through 1.3200 will confirm the bullish momentum. We look to Buy at 1.3150 (stop at 1.3110) Our profit targets will be 1.3250 and 1.3275 Resistance: 1.3200 / 1.3250 / 1.3275 Support: 1.3150 / 1.3125 / 1.3100 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
USDCAD - Wait For The Trigger ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Daily: Left Chart USDCAD is retesting a resistance zone in blue so we will be looking for sell setups on lower timeframes. on H1: Right Chart USDCAD is forming a head and shoulders pattern but it is not ready to go yet. 🏹 For the bears to take over, we need a momentum candle close below the gray neckline. Meanwhile, until the buy is activated, USDCAD can still trade higher inside the resistance or even break it upward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
5