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Usd-cad

USDCAD Potential for Bearish Drop | 9th Sept 2022On the H4, with the price breaking the ascending channel, crossing the ichimoku cloud, and there’s a possible “double top” pattern, we have a bearish bias that the price may drop from the sell entry at 1.30252, which is in line with the 38.2% and 61.8% fibonacci retracement to the take profit at. 1.29676, where the 50% fibonacci retracement and overlap support are. Alternatively, the price may rise to the stop loss at 1.30729, where the overlap resistance is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
USDCAD to continue in the bullish channel?USDCAD - Intraday - We look to Buy at 1.3100 (stop at 1.3040) Previous support located at 1.3150. Previous resistance located at 1.3200. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 1.3200 will confirm the bullish momentum. Our profit targets will be 1.3220 and 1.3250 Resistance: 1.3200 / 1.3220 / 1.3250 Support: 1.3150 / 1.3100 / 1.3050 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 Potential for Bullish Continuation | 6th Sept 2022On the H4, with the price moving within the ascending channel , above ichimoku cloud , we have a bullish bias that the price may rise from the buy entry at 1.31069, where the 38.2% fibonacci retracement is to the take profit at 1.31668, where the swing high is. Alternatively, the price may drop to the stop loss at 1.30545, where the 50% fibonacci retracement and previous swing high are. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by FXCM
USDCAD Potential for Bullish Continuation | 6th Sept 2022On the H4, with the price moving within the ascending channel, above ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 1.31069, where the 38.2% fibonacci retracement is to the take profit at 1.31668, where the swing high is. Alternatively, the price may drop to the stop loss at 1.30545, where the 50% fibonacci retracement and previous swing high are. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
USD/CADHello every one i think this pair is a swing trade, with sell position starting now. Last time we hit this level was mid July and that time it just crashed. Now we are on the same level and a very patient trade would be nice and very profitable. Guaranteed if you open a short possition on this pair. On Thursdays I like to trade in the afternoon in my time zone which is pacific timezone until about lunch time of Friday. This particular trade I definitely will be holding for a while. I loaded up alot of funds for this trade and my strategy is to constantly add in new shorts possitions through out the couple weeks I plan to leave this trade open. I literally just opened an 18 lot total trade for this pair and I am up about 1700 USD(15 MINUTES). I just have a very good feeling about this trade. I know forsure I will come out with big profits on this. More bad news is gonna just keep happening in US market. Recession will be in full effect. The announcement of interest rate hikes will most likely make things worst and this coming up next announcement it is expected to go up by 1%. Which means USD is gonna be less valuable. Canada is not there yet. Canadian economy is pretty good right now so yeah trust me guys. My entries were : 1) Shorts 1.31522 - 2.5 Lot 2) Shorts 1.31521 - 2.2 Lot 3) Shorts 1.31466 - 5 Lot 4) Shorts 1.31461 - 5 Lot 5) Shorts 1.3440 - 3.3 Lot Total of 18 Lots so far. Will add more as more profits are won.
Short
by Vtown604
USDCAD Potential for Bullish Continuation | 1st Sept 2022On the H4, with the price moving within the ascending channel, above ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 1.31668, where the swing highs and 161.8% fibonacci extension are, If the price can break the buy entry, we can expect the price rise to the take profit at 1.32238, where the swing high is. Alternatively, price could pullback from the buy entry and drop to the stop loss at 1.31026, where the overlap support and 23.6% fibonacci retracement are. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
USDCAD Optimal Sell opportunity for September.The USDCAD pair has been trading within a Channel Up pattern since September 2021. This 1 year of steady growth has given us a very clear trading outlook for buy-low sell-high set-ups. It is how we got an almost perfect buy on the 1D MA200 (orange trend-line) on our last update more than a month ago: The price is now again near the Higher Highs (top) trend-line of the Channel Up, having rebounded 4 days ago on the 1D MA50 (blue trend-line). This is a prime candidate for a sell, which depending on your trading horizon can target the 1D MA50 (short-term) and the 1D MA200 (medium-term). There is also an inner Higher Lows Zone (green) involved below the 1D MA200 as a Support. Keep an eye on the 1D MACD crosses for entry timing. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Short
by TradingShot
2
USDCAD Potential for Bullish Rise| 31st August 2022On the H4, with the price moving within the ascending channel and above ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 1.30812, where the swing highs are to the take profit at 1.31668, where the swing high and 100% fibonacci projection are. Alternatively, price could break the buy entry and drop to the stop loss at 1.29739, where the 38.2% fibonacci retracement and swing low are. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
3
USDCAD Potential for Bullish Rise| 30th August 2022On the H4, with the price moving within the ascending channel, above ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 1.29944, where the 23.6% fibonacci retracement and swing low are to the take profit at 1.30812, where the swing highs are. Alternatively, price could break the buy entry and drop to the stop loss at 1.29006, where the 50% fibonacci retracement and 100% fibonacci projection are. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
USDCAD Potential for Bullish Rise| 29th August 2022On the H4, with the price within the ascending channel, above ichimoku cloud and MACD indicators are above zero, we have a bullish bias that the price may rise from the buy entry at 1.30812, where the swing high is to the take profit at 1.31688, where the swing high and 78.6% fibonacci projection are. Alternatively, price could drop to the stop loss at 1.30622, where the 23.6% fibonacci retracement is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
Deeper correction pending on USDCAD?USDCAD - Intraday - We look to Sell at 1.3000 (stop at 1.3050) Previous support located at 1.2950. Previous resistance located at 1.3000. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.3000, resulting in improved risk/reward. A move through 1.2950 will confirm the bearish momentum. Our profit targets will be 1.2850 and 1.2800 Resistance: 1.3000 / 1.3050 / 1.3075 Support: 1.2950 / 1.2850 / 1.2800 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.'
Short
by OANDA
USDCAD Potential for Bullish Continuation| 24th August 2022On the H4, with the price above the ichimoku cloud and moving within the ascending trendline, we have a bullish bias that if the price break the buy entry at 1.29836, which is the current swing high and 38.2% fibonacci retracement, the price may rise to the take profit at 1.30632, which is in line with the swing high. Alternatively, the price may drop to the stop loss at 1.28899, where the 50% fibonacci retracement is. Take note the price of 1.29328 could be the intermediate support, if the price breaks this support, the ascending trendline will be broken. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
2
USDCAD setting up for a new push higher? Thanks for stopping by for today's update. Our focus is on the USDCAD as buyers look to be finding new support after last week's range breakout. The USD has been up, and about recently, we saw the USD index hit 109 yesterday, testing July high. Buyer momentum was short-lived as sellers took control in the NY session, sending price to a lower close, the first in seven sessions. The USDCAD had shared in the recent bullish momentum, hitting 1.3063 yesterday before the USD lost upward traction and oil made a solid rally. Oil is a big factor for this pair, and typically when it's stronger, the CAD is firmer, so the USDCAD can trade lower. Last week as the USD made its charge, we saw the USDCAD break above its range at 1.2930. From that point, price continued to rally for four sessions. Yesterday was the first decline since the breakout, and it was a decent one (-0.82%). Price today has seen demand, and we are seeing higher prices that have found support from the previous breakout point, also maintaining the current uptrend. These are bullish signs, but we need to see yesterday's low hold. If we do, we will continue to look for the current trend to continue higher. But, if we see a new decline that breaks below the green box (shown on the chart), we could be looking at a deeper lower reaction, which could also confirm a trend break. Pressure is now on buyers to hold today's rally and continue to trade above 1.2935. Thanks for reading today's update. We hope you enjoy the rest of your Wednesday.
Long
by Eightcap
2