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Usd-cad

USDCAD BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
6
USDCAD Bullish targeting a Higher High.The USDCAD pair is trading within a Channel Up supported by the 1D MA50 (blue trend-line). The current bullish leg started after a 1D Golden Cross and is half-way towards pricing a new Higher High. We are already bullish on this pair but the recent rebound indicates that another buy can be added now. Our target is 1.39800 (Resistance 2), which makes a Higher High of nearly +4.58% similar to the previous one. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
Canadian Dollar strength driven by Oil pricesAs crude oil prices climb due to the geopolitical conflict, has resulted in the Canadian Dollar gaining strength. With the prices testing the 1.36 price level, the idea was a bounce above the 23.60% fib retracement level could see a continuation to the upside. However, with the DXY weakening, look for the USDCAD to break below the longer term fib retracement level of 61.8% to signal a continuation of the recent downtrend, with the next major support level at 1.34
Short
by JinDao_Tai
USDCAD H4 Wedge PatternUSD/CAD - H4 Chart - Falling Wedge Pattern formation Price need to Break the Trendline and Retest wedge Pattern and after strong Reversal formation, we take entry. Always wait for strong Conformation in Short term for entry. 👈👈👈 If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but opinions often are.”-Jesse Livermore Good Luck💛💛
Long
by KABHI_TA_TRADING
27
USDCAD, Massive DIAMON-BOTTOM Breakout- and Continuation Setups!Hello There! Welcome to my new analysis about the USDCAD Forex Exchange Price-Action Rate on Several Timeframe Perspectives. The USCAD has shown up with this massive bounce in the structure after completing a very rate but substantial Diamon-Bottoming-Formation to reach out all of the initial target-zones already. Now, a big part of the consideration is if this price-action that has setup is likely to continue with the established dynamics and in this case I have found several factors that are answering this question. When considering the dynamics here the USDCAD has not yet reached the overbought conditions this means that the price-action still has room for continuation and expand a next wave-expansion of the target-projection onto the upper areas. Furthermore, the 4-hour timeframe perspective is confirming several continuation signs especially with the price-action bouncing several times within the ascending-trend-line as well as the 65-EMA. Furthermore, the price-action is forming a next continuation-diamond-formation here which is likely to lead to a massive bullish breakout once completed. Once the breakout has shown up this will lead to initial target-zones to breakout into new highs and into the upcoming ranges. Furthermore, on the global timeframe the USDCAD price-action is also forming a gigantic bull-flag-formation with the breakout to aim above the 1.44 area once it has been completed with the necessary momentum. The next times will be extremely determining here especially as the RSI has room for further growth and the price-action is about to form a major breakout. An further decrease within the U.S. CPI as well as a strengthening within the DXY is going to accelerate the breakout and volatility dynamics here. Because of the significance of the setups forming here the pair is kept on the watchlist and the dynamics to be re-evaluated with the formational structures in combination with the underlying analytics to move on with further assumptions once they have emerged. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
by VincePrince
9
USDCAD: Testing the 4H MA200. Rejection ahead?USDCAD made a perfect rejection on our last signal exactly at the top of the twelve month Channel Up. You can see this at the bottom of the analysis. The price turned bullish however lately on the short term and the 4H timeframe (RSI = 60.972, MACD = 0.001, ADX = 26.230) as it rebounded at the bottom of the prevailing Channel Down that emerged. At the momemnt it is testing the 4H MA1200. As long as the the price is trading inside the Channel Down, this is a sell opportunity on a 2-3 week stretch (TP = 1.32500). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
3
USD/CAD Slips as Canadian Labor Market Surges: Impact on Forex..USD/CAD Slips as Canadian Labor Market Surges: Impact on Forex and Global Markets Introduction The USD/CAD currency pair experienced a significant decline, nearing the 1.3600 mark, following the release of robust labor market data by Statistics Canada. This unexpected surge in Canadian employment figures has sent shockwaves through the forex market and has implications for global investors. In this article, we will delve into the details of this development and explore the broader economic landscape that surrounds it. Canadian Labor Market Surprises Statistics Canada's latest report revealed that the Canadian labor market witnessed an impressive increase of 39.9K payrolls in August, surpassing expectations, which were set at a more modest 15K. This remarkable uptick follows a retrenchment of 6.4K in July, showcasing the resilience of the Canadian economy. Moreover, the unemployment rate held steady at 5.5%, defying forecasts that anticipated a slightly higher jobless rate of 5.6%. One noteworthy aspect of this report is the increase in the Annual Average Hourly Wages, which rose to 5.2%, exceeding the previous release of 5.0%. Such robust wage growth has the potential to boost consumer spending and maintain inflationary pressures, potentially prompting the Bank of Canada (BoC) to consider raising interest rates. This move would come after a pause in rate hikes during the past two policy meetings, signaling a potential shift in monetary policy. Global Market Impact As the USD/CAD pair faced intense selling pressure due to the strong Canadian labor market data, other global markets exhibited mixed sentiments. The S&P500 was expected to open with a relatively flat performance, reflecting mixed cues from overnight futures. This indecisiveness is mirrored in the strength of the US Dollar Index (DXY), which remains well-supported near the 105.00 resistance level. Investors find themselves caught between global uncertainty and the possibility of a Federal Reserve (Fed) policy adjustment during the September meeting. The Strength of the US Dollar The strength of the US Dollar is a critical factor in the ongoing forex dynamics. The United States' economy continues to demonstrate resilience, primarily attributed to cooling inflation and stable labor growth. Chicago Fed Bank President Austan Goolsbee articulated the central bank's goal of achieving a "golden path," characterized by a reduction in inflation without triggering a recession. This stance contributes to the US Dollar's firm footing in the global currency market. Furthermore, the US job market is displaying signs of strength, with jobless claims consistently falling below expectations for the third consecutive week. The latest report from the US Department of Labor indicated that first-time jobless benefit claims dropped to 216K for the week ending September 1, surpassing expectations, which were set at 234K and below the previous figure of 229K. Conclusion The unexpected surge in Canadian labor market data has sent ripples across the forex market and impacted global investor sentiment. As the USD/CAD pair faces downward pressure, other markets remain cautiously optimistic, reflecting the ongoing uncertainty in the global economic landscape. The strength of the US Dollar, supported by resilient economic indicators, continues to play a pivotal role in shaping forex dynamics. Additionally, the US job market's consistent improvement contributes to the overall stability of the United States' economy. As investors navigate this complex terrain, they must remain vigilant and adaptable in response to evolving economic developments.
Long
by FOREXN1
16