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Usd-cad

Possible trend shift in USDCAD – going short| 24th Dec Signal ID: 78842 Time Issued: Friday, 24 December 2021 01:00:16 GMT Status: open Entry: 1.28005 - 1.28309 Limit: N/A Stop Loss: 1.28765 The Tidal Shift Strategy has just sold USDCAD at 1.28157. The system recommends entering this trade at any price between 1.28005 and 1.28309. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -1.10733, which suggests that the USDCAD could be trending downwards.The 14-period Average True Range on a daily chart is 0.00122, so the stop loss has been set at 1.28765. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. 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 Bullish Pressure, Potential Rise!Description With price bouncing off the support of the ichimoku cloud , we have a bullish bias that price will rise from pivot at 1.28421 in line with the graphical overlap resistance, 61.8% Fibonacci retracement and 78.6% Fibonacci projection to 1st resistance at 1.29454 in line with the 78.6% Fibonacci projection and graphical swing high resistance. Alternatively, we may see price break pivot structure and head for 1st support at 1.27671 in line with the horizontal swing low support. Pivot: 1.28421 Why we like it: Graphical horizontal overlap resistance, 61.8% Fibonacci retracement and 78.6% Fibonacci projection 1st Support: 1.27671 Why we like it: Graphical horizontal swing low support. 1st Resistance: 1.29454 Why we like it: Graphical horizontal swing high resistance and 78.6% Fibonacci projection Trading FX & CFDs carries high risk.
Long
by VantageMarkets
USDCAD moving higher 🦐USDCAD after our previous idea has broken the resistance structure as expected. The price after the test at the 0.382 Fibonacci level has started a nice impulse to the upside and according to Plancton's strategy, we can see a continuation to the upside. --–– 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
Long
by InkyGrip
4
USD/CAD Fundamentals for Dummies | Technical Bias backed by FundWhen the Bank of Canada kept its previous forward guidance in place earlier this month, it didn't surprise anyone. It said that it would start to raise interest rates in early 2022. Over the last few days, the central bank has said a little more about the omicron variant, but it still doesn't think it will have a big impact on interest rate policy in 2019. People are still worried about KeyEventRisk because of the effects of global lockdowns on risk sentiment and because of rising geopolitical tensions. Price action has been forced into a range between important technical levels from the past. Even though the spread of the omicron variant is possible, the bigger problem is what it could do to the supply chain. This has already caused inflation to rise to uncomfortably high levels. Trading volumes are going down and volatility is also going down in the run-up to the holidays. This is one of those weeks when it's best not to pay too much attention to market movements. The reason might be that this is a good time to think about how you did last year and see if there are any patterns. Are you more successful at a certain time of the day or when you're trading a certain type of asset, for example? When you keep a trading journal, it makes it easier to look at your performance over a long period of time. The way that I see it, the number of people buying and selling things is going down, which has led to a drop in prices. Markets aren't moving as much today as they did on Tuesday, and this is likely to continue for the rest of the week because there aren't many good stories to trade. It's important to keep in mind, though, that there are some risks in the current Russian-Ukraine tensions. When it comes to currencies, the cross-JPY has turned a corner because bond yields have risen and stocks have stabilized. As I said yesterday, the Canadian Dollar, on the other hand, doesn't seem to be keeping up with the rest of the world, as I said yesterday during the rise in both stocks and oil prices. There has been a recent rise in oil prices and a recent shift in the spreads on the 5-year bonds between Canada and the United States. This means that the loonie may be undervalued. Better still, you could use this time to look over our educational materials, which will help you become a better trader. People thought there was a 100% chance that the Bank of Canada would raise interest rates in March by 25 basis points. They thought there was a 13% chance that it would raise rates by 50 basis points. As a result of the sharp drop in oil prices since late November, overnight swaps for Canada's 10-year government bond are now predicting that the first 25-basis point rate hike will happen in March 2022. Energy accounts for 11 percent of Canada's GDP. As for the first half of 2022, if the Bank of Canada doesn't raise interest rates in March, April has already priced in a 100% chance that rates will rise by 25 basis points and a 66% chance that rates will rise by 50 basis points. There is a key level of resistance at $72. If the bulls can break through this level, oil could move up to about $80.00. On the other hand, fears of higher wage inflation in the United States could make people think the Fed will be more likely to raise interest rates. As a result, more people might be willing to sell crude oil, which could keep the bear market going. WTI could come back to psychological support at $70.00 per barrel of crude oil. In the short term, it looks like demand is going to outstrip supply in the near term.
Short
by SteadyTradeAI
USD/CAD KeyEventRisk | Fundamental Analysis 12/21The USD/CAD is up to 1.2930 heading into Tuesday's European session, even though it lost 0.10 percent during the day. As a result, the Loonie/Dollar pair keeps its gains from the previous day close to the year's high.Because people aren't sure how they feel and the US dollar is weakening, the USD/CAD exchange rate is expected to stay under pressure all day long. For the second day in a row, the US Dollar Index (DXY) has gone down, reversing some of the gains it made on Friday. This is how it looked at press time: The U.S. 10-year Treasury yield didn't change, but stock futures in the U.S. and Europe were both up a little bit. Even if Omicron numbers rise, the bears in the USD/CAD seem to be in the lead because of year-end positioning and policymakers' refusal to lock down. Many people disagreed with these claims, as well as the idea that the US could get a big economic boost. WTI has gone up 1%, to around $69.60 at the most recent price, because people are more willing to take risks and the US dollar is weaker. It was the first time the price of crude oil fell below $66 a barrel in two weeks. It then rose to $66.15. This is true: Omicron has killed one person in the United States. The WHO and the Centers for Disease Control (CDC) both have warned people about the disease. Buyers of the USD/CAD need to be optimistic, just like Fed rate-hike forecasters do. If we want to know what's going on, we should keep an eye on Joe Biden's national speech from the White House and Canadian retail sales for October, which are both expected to rise by only 0.1% from the previous estimate of 0.6% to 0.7%.
Short
by SteadyTradeAI
#USDCAD approaching pivot, potential for a drop! Description Price is reacting below our pivot level at 1.2948 which is in line with horizontal swing high resistance. Price can potentially take support at 1.27657, which is in line with 50.0% Fibonacci retracement level and horizontal overlap support. Alternatively, price may rise up to our resistance at 1.30432, which coincides with 161.8% Fibonacci retracement level and horizontal swing high resistance . This is further supported by how price is likely to reverse off the Stochastic resistance level. Pivot: 1.29480 Why we like it: horizontal swing high resistance 1st Support: 1.27657 Why we like it: 50.0% Fibonacci retracement level and horizontal overlap support 1st Resistance: 1.30432 Why we like it: 161.8% Fibonacci retracement level and horizontal swing high resistance Trading FX & CFDs carries high risk.
Short
by VantageMarkets
USDCAD moving higher 🦐(Update)USDCAD after our previous idea has broken the resistance structure as expected. The price after the test at the 0.382 Fibonacci level has started a nice impulse to the upside and according to Plancton's strategy, we can see a continuation to the upside. --–– 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
Long
by InkyGrip
2
USDCAD can break above? 🦐USDCAD on the daily chart is trading within an ascending channel . The price after the last bullish impulse retraced perfectly over the support area at the 0.382 Fibonacci level. Now the market has reached the resistance zone and according to Plancton's strategy IF the price will break above and satisfy the ACADEMY rules we will set a nice long order. --–– 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
Long
by InkyGrip
6
#USDCAD approaching pivot, potential for a rise! Description On the H4, with price moving above the ichimoku cloud indicator, we have a bullish bias that price will rise from pivot at 1.28320 in line with the graphical overlap support to 1st resistance at 1.29274 in line with the graphical swing high resistance and 127.2% Fibonacci extension . Alternatively, we may see price break 1st support and drop to 1st support at 1.27305 in line with the horizontal overlap support and 50% Fibonacci retracement level. Pivot: 1.28320 Why we like it: Graphical horizontal overlap support 1st Support: 1.27305 Why we like it: Graphical horizontal overlap support and 50% Fibonacci retracement level 1st Resistance: 1.29274 Why we like it: Graphical swing high resistance and 127.2% Fibonacci extension Trading FX & CFDs carries high risk.
Long
by VantageMarkets
USDCAD a turn at the 0.382 🦐USDCAD on the daily chart is trading within an ascending channel. The price after the last bullish impulse retraced perfectly over the support area at the 0.382 Fibonacci level. Now the market has reached the resistance zone and according to Plancton's strategy IF the price will break above and satisfy the ACADEMY rules we will set a nice long order. --–– 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
Long
by InkyGrip
4
USDCAD potential for reversal | 15th DecPrice is abiding by the ascending trendline and near sell entry price of 1.28655 which is also the graphical swing high level. Price can potentially dip to the take profit level of 1.27295 which is also 50% Fibonacci retracmeent and 61.8% Fibonacci projection . Our bearish bias is supported by stochastic as it is near resistance level . 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 FXCM
3
USDCAD potential for reversal | 15th DecPrice is abiding by the ascending trendline and near sell entry price of 1.28655 which is also the graphical swing high level. Price can potentially dip to the take profit level of 1.27295 which is also 50% Fibonacci retracmeent and 61.8% Fibonacci projection. Our bearish bias is supported by stochastic as it is near resistance level. 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 bearish momentum | 14th Dec 2021 Price broke out the ascending trendline support, signifying a bearish momentum. We can expect price to drop from the pivot level in line with 127.2% Fibonacci projection and horizontal swing high towards the take profit level in line with 78.6% Fibonacci projection. Our bearish bias is further supported by the stochastic indicator where the %K line is at the resistance level. 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 approaching pivot, potential for a drop! Description Price is reacting below our pivot level at 1.28451 which is in line with horizontal swing high resistance. Price can potentially drop to 1st support at 1.27305, which is in line with 50.0% Fibonacci retracement level and horizontal overlap support. Alternatively, price may rise up to our 1st resistance at 1.29274, which coincides with 127.2% Fibonacci extension level and horizontal swing high resistance . This is further supported by how price is likely to reverse off the Stochastic resistance level. Pivot: 1.28451 Why we like it: horizontal swing high resistance 1st Support: 1.27305 Why we like it: 50.0% Fibonacci retracement level and horizontal overlap support 1st Resistance: 1.29274 Why we like it: 127.2% Fibonacci extension level and horizontal swing high resistance Trading FX & CFDs carries high risk.
Short
by VantageMarkets
USDCAD potentially for reversal | 13th DecPrice is near sell entry price of 1.27337 which is also 50% Fibonacci retracement and 61.8% Fibonacci projection . Price can potentially dip to the take profit level of 1.26059 which is also 50% Fibonacci retracement. Our bearish bias is supported by the ichimoku cloud indicator as price is trading below it. 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
THE END OF A WAR USDCAD The critical level as labelled has been an important support/resistance since 2004, 2005, 2008,2009,2015,2016,2017,2018,2021. A beautiful head and shoulder pattern was set up since the July 2021. A break below the neckline should have a theoretical price target around 1.21600. However, S1 held strong leading to further upside. The significance of the neckline can be seem from the slight rejection around 1.26786, however, bulls remain strong to push the price further only to be met by a strong resistance. The strong resistance sent the price way below the neckline creating a bearish sentiment. However, bulls gained strength to push the price just above this support in the weekly chart. At the moment we are in a battlefield where the bulls and bears have gone at each other for a while. The small candle on Friday shows the uncertainty from both sides. Monday will be crucial in deciding the direction. I believe a clear break above the neckline will put the bulls in charge until 1.30000, however a rejection of the neckline will push prices further to bottom support. Keep that has your take profit. What makes this level most convincing is that the critical level crosses the neckline. This confluence greatly improves the credibility of the set. What makes this set up so great? It is always nice to see a battle between bulls and bears. This battle has been going on for months, it takes a lot of strength to finally gain ground. When this is done, the price movement will be almost certain. With close stop losses above and below the neckline for both cases, your risk to reward ratios will be 1:4 or 1:5 which is awesome! Stay tuned for the direction tomorrow! Have fun trading, do share your comments as well!
by UnknownUnicorn7338697
4
UCAD for coming week...If Ucad cant clear the R at 1.273-50 likely has more downside than up... Hello there! If you are keen to learn more on the technical setups,do visit my website at www.shadowingthebb.com ! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys