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Usd-cad

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
USDCAD DOWNTREND FORMATIONUS dollar stopped its gain and reverted against the most major currencies. On the 4H graph against Canadian dollar, the instrument managed to break the support of the forming uptrend channel and started reverting into downturn. MACD histogram indicator is confirming this downtrend, the RSI fast moving line is already below the 50 neutral line, but with clearly expressed downtrend. If this trend continues the price might test levels of 1.3349 but in the opposite scenario the price might try to reach its previous resistance at 1.3403 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Short
by legacyFXofficial
1
GBPCAD long to short ideaAs we showed in our mark up last Sunday, we expected price to hit our higher zone! Which it did!! BUT, never gave us the short entry that we was looking for, now we have cleared that target we are looking to follow the bullish order flow up to the next POI.... from there we are going to look for shorts again, REMEMBER follow order flow and don't force your entries! wait for them to show themselves.... IF YOU LIKE THIS IDEA SHOW US BY HITTING THAT LIKE & SHARE BUTTON!
Short
by PipSurfingSociety
InvestMate|USD/CAD Last rise before the fall.🍁🍁USD/CAD Last rise before the fall. 🍁This time it was time for USD/CAD 🍁As you can see from the chart, this pair has already shown what direction it intends to take for the coming months and it is certainly hard to pin your hopes on further increases here. 🍁 The most sensible option would be to join the continuation of the declines, but in the best possible place. 🍁The ideal place for this would be the resistance zone that I determined based on the 0.382 measurement of the entire downward wave and the 1:1 level of the largest upward correction. 🍁The zone has found solid support which has acted brilliantly as resistance in the past. 🍁 Admittedly, we are already halfway through the whole movement and it is possible that we may not test the area around the 1.332 level again. 🍁 The most important fact in the whole chart remains the resistance zone where I would see an interesting opportunity to take a short position. 🍁The scenario I am playing out is an attempt to attack the resistance zone and then a continuation of the downtrend. 🚀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
6