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Usd-cad

USDCAD time to retrace? 🦐USDCAD on the 4h chart after the last impulse has tested the 1.37 area. The price couldn't create new highs and we can expect some retracement at least to the 0.5 Fibonacci level. How can i approach this scenario? IF the price will break below the support area i will look for 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
22
USD/CAD:SELL From Resistance Area For A New SHORT SetupUSD/CAD after the bad news released yesterday for the USD today the Markets will have another strong shaking by the release of FOMC Economic Projections, USD FOMC Statement, USD Federal, and the USD FOMC Press Conference. The bias is about a new bearish impulse for the USD and a Growing for all the EUR pairs and correlated. Technically the USD/CAD it's inside a new Bearish trend and the price is around a strong Resistance area. Price may continue to follow the trend and have another bearish impulse.
Short
by FOREXN1
6
USDCAD - Selling ralliesUSDCAD - Intraday - We look to Sell at 1.3600 (stop at 1.3700) Previous support located at 1.3500. Previous resistance located at 1.3600. Broken out of the triangle formation to the downside. Risk/Reward would be poor to call a sell from current levels. Our profit targets will be 1.3400 and 1.3350 Resistance: 1.3600 / 1.3650 / 1.3700 Support: 1.3500 / 1.3400 / 1.3350 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Short
by VantageMarkets
🍁USD/CAD Continued Increases Ahead🍁USD/CAD Continued Increases Ahead. 🍁Post is a direct continuation of the last post: 🍁Nothing has changed on the chart. 🍁The price is still struggling at the 0.618 level to break out above this resistance. 🍁I still think that the way to the resistance zone remains open and we will see further upside within a few weeks. 🍁The scenario I am playing out is a continuation of the upside to the resistance zone. 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
9
InvestMate|USD/CAD Still on the rise🍁🍁USD/CAD Still on the rise. 🍁That's as I wrote last time. USD/CAD in my opinion has really strong upside potential in the next few weeks. 🍁 Looking at how today's daily candle looks. It's not hard not to get the impression that green days are ahead. 🍁 All thanks to a bounce from a strong support zone and a retest. 🍁 The support zone was determined by a cluster of two fibo levels. The first is the 0.5 level of the entire downward wave from the 2016 peak to the 2021 bottom. The second is the 0.236 level of the entire upward wave from the 2007 bottom to the 2016 peak. 🍁 There is also a strong resistance zone defined above the recent peaks. It was determined by a cluster of two fibo levels. The first is the 0.786 level of the entire downward wave from the 2016 peak to the 2021 bottom. The second is the outer level of the 1.272 level of the entire downward wave from the 2009 peak to the 2011 bottom. 🍁This is where I expect a strong price reaction. 🍁The scenario I'm playing out is a continuation of the upside and a breakout to new highs. 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
10
USDCAD a turn at the 0.618 Fibonacci 🦐USDCAD on the 4h chart after the recent low retraced over the weekly structure at the 0.618 Level. The market is now trading above the support and according to Plancton's strategy IF the price will break below we will set a nice short order according to 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
13
InvestMate|USD/CAD Opportunity for growth🍁🍁USD/CAD Opportunity for growth 🍁It's hard not to acknowledge the fact that USD/CAD has shown strength in recent days. 🍁 Breaking out of the support zone heading towards a strong resistance zone then making a correction. 🍁I still think we have a lot of space for upside. 🍁Turning to the chart. 🍁Looking at the breakout dynamics in the last few days and the strong selling interest in the Canadian dollar. It just confirms me in my upside scenario. 🍁 Particularly the 29th price move surprised investors by performing a whole 1.77% upside move measured from daily low to high. 🍁I determined the support zone based on a cluster of two fibo measures. The first is the level of 0.236 of the entire upward wave from the 2011 bottom to the 2016 peak. The second level is 0.618 of the entire downward wave from the 2002 peak to the 2007 bottom. 🍁 The resistance zone ahead was also determined by a cluster of two fibo levels. The first is 0.618 of the entire downward wave from the peak in 2016 to the bottom in 2021. The second level is the 0.5 level of the entire upward wave from the 1991 bottom to the 2002 peak. 🍁The scenario I am playing out on this pair is a continuation of the upside to the area around the resistance zone. Where I will watch to see how the price will react in order to predict the next movements. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change 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 drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
6
Joe Gun2Head Trade - More downside for USDCADTrade Idea: Selling USDCAD Reasoning: Selling USDCAD. Head and shoulders on daily, turning lower on the 60min chart. Entry Level: 1.3431 Take Profit Level: 1.3318 Stop Loss: 1.3478 Risk/Reward: 2.38:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
USDCAD a turn at the 0.618 Fibonacci 🦐USDCAD on the 4h chart after the recent low retraced over the weekly structure at the 0.618 Level. The market is now trading above the support and according to Plancton's strategy IF the price will break below we will set a nice short order according to 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
USDCAD H1: Bearish outlook seen, further downside below 1.3380On the H1 time frame, prices are facing bearish pressure from the resistance zone at 1.3380, in line with the 38.2% Fibonacci retracement and descending channel’s resistance where a pullback to this zone could see a potential reversal to the support zone at 1.3300. The 1.3300 support zone lines up with the graphical support area and 78.6% Fibonacci retracement. Prices are also holding below the Ichimoku cloud, supporting the bearish bias.
Short
by T3-Consultancy
USDCAD 1D MA50 the key. Buy above, sell below.The USDCAD couldn't have confirmed our bearish view more than a month 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 is below its 1D MA50 (blue trend-line) inside a Channel Down. The minor rise since November 11, could do the most important medium-term test, the 1D MA50. A closing above the 1D MA50 will turn the pair bullish again targeting the 1.39860 High. As long as the price remains below it though, the strategy remains sell on such rebounds, targeting the 1D MA200 (orange trend-line), which should land within the 0.618 and 0.786 Fibonacci retracement level, which was where the Lows of October 21 2021 and January 13 2022 where made (previous divergencies). Notice that if the 1D MACD completed the Bullish Cross that has started to be formed today, this is consistent with all prior Higher Lows since May 2021 and will favor a bullish break-out. ------------------------------------------------------------------------------- ** 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! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
USDCAD moving higher 🦐USDCAD on the 4h chart after the recent drop started a series of higher highs and higher lows. The price is now trading below a minor resistance and might look for the 1.35500 within this week. I will wait for a possible test of that level and i will look for a further development from that area, overall the price remain bullish. --–– 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
6