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Usd-cad

🍁USD/CAD Continuation of Declines 🍁🍁USD/CAD Continuation of Declines 🍁 Nearest strong support zone: around the fibo level of the 0.618 wave from the bottom to the local peak. 🍁 Nearest strong resistance zone: around the 0.382 level of the same wave. 🍁 Technical environment: - Moving averages: Downtrend - MACD: Downtrend - RSI: Downtrend 🍁 Price action: after yesterday's price rise near the recent current highs, we scored a very quick decline today due to the strengthening of the Canadian dollar. Looking at the dynamics of the downward movement, another attempt to attack north seems very unlikely. 🍁 The scenario I'm playing out is a continuation of declines to the vicinity of the support zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
14
🍁USD/CAD Ready For A Breakout🍁🍁USD/CAD Ready For A Breakout 🍁Looking at the strength with which the USD/CAD took off upwards today. 🍁I get the impression that there is a good chance that this is just the beginning of a new upward wave on this pair. 🍁Looking at the 1D interval (lower right corner) We can see that we have approached the vicinity of a strong resistance zone determined by the 0.618 level of the entire downward wave. Where the price has repeatedly struggled to break upwards. 🍁Looking at price action and the technical environment. It looks like today's movements are not a coincidence and are aimed at breaking through the strong resistance that held the price for a month. 🍁The scenario I'm playing out is a continuation of the upside with the breakthrough of the resistance zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
2
EURCAD looking for shortsEURCAD was rejected at 1.4610, and the supply zone was also around this level. Local support at 1.4357 prevented the price from falling further, perhaps looking for more liquidity. We might see a retest of the resistance level at 1.4610, printing a double top pattern with a divergence on RSI or MACD. Then, we have to wait for the local support at 1.4357 to break to confirm a strong down move aiming for 1.400. If the price does not react to the level of resistance at 1.4610, then the scenario is to move long in order to target the cross of the two yearly trendlines and the 200-week moving average. The fall down from there will definitely be harder! ---------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
2
USDCAD LONGHello traders, Today we are looking at USDCAD . Why are we entering? - We are forming wave 5 subwave 2, microwave C - We are expecting price to reject our 0.618 fibonacci before we see subwave 5 form What is our confirmation? - Rejection from our buy zone - Break of WFB Entry - Safe Entry: Rejection of our buy zone with a break of our WFB - Risk Entry: Rejection of our buy zone - Risk Entry: Early break of descending WFB Once entered, where will our Stoploss be? - 30 pips below our 0.618 fibonacci: below 1.337 - Move SL to BE after running 30 pips Where do we take profits? - Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips) - First TP - Previous high: 1.4 (600pips) - Final TP - -0.27 fibonacci level: 1.43 (900pips) Be sure to follow me and check out my other ideas below!
Long
by Pips-Collector
1
USDCAD moving lower? 🦐USDCAD on the 4h chart after the test of the monthly resistance dropped to the lower support at the 50% Fibonacci zone. The price is now trading around the 1.35500 zone and after the recent high we can expect some more retracement. How can i approach the current scenario? I will wait for a break of the support and if that will happen i will consider a nice short order according to the Plancton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
by InkyGrip
8
🍁USD/CAD Struggles To Rise🍁🍁USD/CAD Struggles To Rise 🍁It looks like the USD/CAD is still struggling to continue its gains 🍁I already thought that we would start a new strong downward impulse, but then today there was a strong upward breakout. 🍁It looks like the momentum that has been established may result in a renewed attack on the strong resistance zone set based on the vicinity of the 0.618 level of the entire downward wave. 🍁The support zone is located around the 0.382 level where the price has repeatedly reversed its direction. 🍁Looking at the technical environment, there are high chances of a continuation of the northward movement. 🍁The scenario I am playing is an increase to the vicinity of the resistance zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🍁*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
3
🍁USD/CAD Refuses To Fall🍁🍁USD/CAD refuses to fall 🍁Looking at the behaviour of the USD/CAD in recent weeks, it seems that we have fallen into accumulation but do not have the strength for declines. 🍁My stance on USD/CAD remains unchanged, I still believe that at the current juncture increases are much more likely than decreases. 🍁Looking at the technical situation, the fact that we are above the 50 and 200 moving average and the MACD and RSI are generating pro-growth signals. I have no doubts about the validity of counting on increases. 🍁The resistance zone is around a cluster of two fibo levels. The first is 0.382 of the entire last downward wave. The second is the 0.236 level of the wave from the 2021 bottom to the 2022 peak. 🍁I set the support zone around the 1.272 level of the last downward wave. 🍁The scenario I am playing out is a continuation of the upside to the vicinity of the support levels. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🍁*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
20
InvestMate|USD/CAD Ready For New Local Highs🍁🍁USD/CAD Ready For New Local Highs 🍁As I wrote yesterday I expect the upward movement to continue: 🍁There was a beautiful realisation of my upward scenario today. 🍁We found local resistance at 0.618 of the entire downward wave. 🍁Looking at another attempt to break through this level and the dynamics of the candles the breakthrough looks very likely. 🍁Looking at the fact that we are above both 50 and 200 moving averages and the MACD and RSI are generating further upward signals, I have no doubts about the continuation of the upward movement. 🍁The nearest resistance zone is the level of 0.786 of the entire downward wave from the last peak. There may be some reaction there. 🍁The support zone is around the 0.5 level of the same wave 🍁The main target set in the previous post remains unchanged 🍁The scenario I am playing out is a continuation of the upward trend. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
5
USDCAD Resistance test and then Sell.The USDCAD couldn't have confirmed our bearish view two months ago, when we called for a sell opportunity based on the RSI Bearish Divergence (Lower Highs against the price's Higher Highs): As you see the divergence sell signal was spot on and the previous two times that this was spotted, helped us in a great way to spot this. Right now the price again above its 1D MA50 (blue trend-line) and based on the fractal, as long as it stays above the 1D MA50, it will approach the 1.39860 High. A Double Top there, will confirm all previous three sequences which got rejected on their previous High and hit at least the 1D MA200 (orange trend-line). The max extension on that pull-back is the 0.786 Fibonacci retracement level. Notice how the RSI Higher Lows trend-line offers Support and the best buy entry in the past 12 months. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
InvestMate|USD/CAD Not Giving Up🍁🍁USD/CAD Not Giving Up 🍁The scenario since my last post remains unchanged: 🍁Looking at the behaviour of the USD/CAD price in recent days. 🍁We could call it indecisiveness mixed with a desire to continue upwards. 🍁Following yesterday's 50 basis point interest rate hike in the US, investors in the market resumed the strengthening of the US dollar. 🍁Given that there is no sign of a continuation of the trajectory of interest rate rises ahead. I was surprised to see such a sharp reaction of dollar strengthening. 🍁But in the case of the pair, the main ingredient for the increases is the weak Canadian dollar in recent months. 🍁Looking at the fact that we are above the 50 and 200 period moving average and the MACD and RSI are presenting very bullish signals I have no doubts about the price direction. 🍁The upside scenario remains unchanged, I expect the uptrend to continue. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
8