USDCAD Long Trade USDCAD looks bullish on higher time frame and we go with bias as we have a clear demand level from where if get confirmation will be looking for buys
Usdcadanalysis
USDCAD Long Term buying Trading IdeaHello Traders
In This Chart USDCAD HOURLY Forex Forecast By FOREX PLANET
today USDCAD analysis 👆
🟢This Chart includes_ (USDCAD market update)
🟢What is The Next Opportunity on USDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
USDCAD - SHORTHappy New Week - USDCAD broke out of a correction after breaking out of an ascending channel. Reversal pattern.
Entry: Break of correction
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USDCAD : Short Trade , 4hHello traders, we want to check the USDCAD chart. The price is moving in a descending channel and has pulled back to a key level that the price has reacted to several times in the past. We expect this level to play the role of a support level and maintain the downward trend of the price. We expect the price to fall to around 1.34900. Good luck.
USDCAD 08/12Pair : USDCAD ( U.S Dollar / Canadian Dollar )
Description :
Bearish Channel as an Corrective Pattern in Long Time Frame and Bullish Channel as an Corrective Pattern in Short Time Frame. Completed " 1234 " Impulsive at Daily Demand Zone and Rejection from Fibonacci Level - 61.80%
Entry Precautions :
Wait until it Reject or Complete its Retest
USD/CAD!! 7/12 Resistance zone for SELL signal⭐️ Smart investment, Strong finance
⭐️ USD/CAD INFORMATION:
During the Asian trading hours on Thursday, the USD/CAD pair is experiencing a stronger performance. This improvement can be attributed to the increased demand for the US Dollar (USD) and the decrease in oil prices. Currently, the USD/CAD is trading at 1.3605, representing a 0.09% decline for the day.
⭐️ Personal comments NOVA:
The nearest resistance area and buying volume decreased, setting up a SELL signal during the day
⭐️ SET UP USD/CAD PRICE:
🔥SELL USD/CAD zone: 1.36150 - 1.36300 SL 1.36700
TP1: 1.35900
TP2: 1.35600
TP3: 1.35300
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
USDCAD - Floating profit ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: As I expected in my previous analysis price took sell side liquidity, filled the imbalance and rejected from bullish order block. Now I expect bullish continuation and the target is 1.38000 where we have 4H imbalance.
Fundamental news: Tomorrow we have NFP day, news with important impact on USD, so pay attention to the result in order to validate the analysis.
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USD/CAD!! New week for recovery early December✍️ NOVA hello everyone, Let's comment on USDCAD price next week from 4/12 - 8/12/2023
🔥 World situation:
The Canadian Dollar (CAD) is currently experiencing upward movement in trading on Friday, once again strengthening against its primary counterpart, the US Dollar (USD). This comes after Canadian employment data surpassed market expectations by a significant margin. Throughout the week, the Canadian Dollar has been one of the best-performing currencies, exhibiting a 1% increase against the US Dollar since Monday's opening rates.
In November, Canada witnessed nearly double the number of job additions compared to the median market forecast. Approximately 25,000 new positions were created, surpassing the projected 15,000 and outpacing October's 17,500 new jobs.
🔥 Identify:
A week without much important news about CAD, the price is moving towards a fairly strong support zone along with the resistance zone according to FIBONACCY, setting up a BUY signal.
🔥 Technically:
Based on the resistance and support areas of the USDCAD price according to the D1 frame, NOVA identifies the important key areas as follows:
Resistance: 1.35800 ; 1.37800
Support : 1.34450
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
7 Dimension Analysis For USDCAD🕛 TOPDOWN - Anticipating a Bullish Breakout in a Super Consolidation Phase
Overview: The market has been in a super consolidation phase from 2016 to 2023, forming a yearly flag, signaling a potential continuation. Monthly and weekly scenarios reveal a ranging market, seemingly dull, but with indications of a change. The Wyckoff spring on the weekly chart signals a shift from a downtrend to a pre-breakout buildup, suggesting upcoming momentum and volatility.
😇 7 Dimension Analysis
Time Frame: Daily
1️⃣ Swing Structure: Bullish to sideways
🟢 Structure Behavior: Break of Structure (BoS)
🟢 Swing Move: Impulsive sideways buildup
🟢 Inducement: Done, inside low confirmed.
🟢 Pull Back 1st: Strong, with the mitigation of the 1st Order Block (OB), a robust bull signal.
🟢 Internal Structure: Sideways bullish. Confluence across daily, weekly, monthly, yearly time frames.
🟢 Support/Demand Area: An imminent buy area. Trendline marked for a bullish breakout.
2️⃣ Pattern
🟢 CHART PATTERNS
Reversal: Potential rounding patterns; internal round may form at the support level of 1.3520.
🟢 CANDLE PATTERNS
Key Considerations:
Observing candle behavior at the forthcoming support area.
3️⃣ Volume: At 1.3572, significant buy volume, marking a potent Point of Interest (POI) for bullish entry.
4️⃣ Momentum RSI:
🟢 Momentum State: Sideways zone.
🟢 Range Shift: Bullish to sideways.
🟢 Overbought Rejections: Count of 2.
5️⃣ Volatility Bollinger Bands:
🟢 Middle band below the price, a preferable position.
🟢 Commencement of a squeeze.
🟢 Completion of a head fake, indicating potential bullish movement.
🟢 Puncher pin at the lower band, a bullish signal.
6️⃣ Strength: USD is stronger than CAD at this point.
✔️ Entry Time Frame: Daily
✅ Entry TF Structure: Bullish
☑️ Current Move: Corrective move is done, and a churn in H1 (Hourly) suggests potential momentum.
✔ Support/Resistance Base: Daily demand area.
☑️ Candles Behavior: RSC, Long wicks, Doji, Momentum.
☑️ FIB Trigger Event: Confirmed.
☑️ Final Comments: Buy Now.
💡 Decision: BUY.
🚀 Entry: 1.3620
✋ Stop Loss: 1.3540
🎯 Take Profit: 1.4049
2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO.
😊 Risk to Reward Ratio: 1:5
🕛 Expected Duration: 30 DAYS
SUMMARY: The analysis strongly suggests a bullish breakout in a market transitioning from super consolidation. With confluence across various time frames and supportive indicators like the Wyckoff spring, there's a comprehensive bullish bias. Key focus areas include a significant demand zone, observable candle behavior, and the completion of a head fake in the Bollinger Bands. The strategy involves a confident buy entry with clear risk management and exit criteria.
USDCAD Idea H1Here is my analysis for USDCAD on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USDCAD - Long active ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bullish market structure from higher timeframe perspective, so I am looking for longs. I expect bullish price action from here as price took sell side liquidity from old low and rejected from bullish order block.
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USDCAD - LONG ⬆️Another USDCAD $$$ on the Way. Price broke out of a correction after retesting/making a 3rd touch on a bullish flag on higher TF.
DeGRAM | USDCAD bounce off the support levelUSDCAD decelerated while approaching support; it created a bullish harmonic pattern.
Price is near the psychological level of 1.35000. If you look left, the last time the price surged from the support level
We anticipate the same price action, a retest of the resistance, and 38.2% fibo retracement levels.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
USD/CAD Giving Amazing Bearish P.A , 2 Short Setups Valid !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
USD/CAD! 28/11 support zone BUY NOW ⭐️ Smart investment, Strong finance
⭐️ USDCAD INFORMATION:
The USD/CAD continues to decline for the third straight session, trading below the psychological level of 1.3600 during Tuesday's Asian session. The Canadian Dollar (CAD) receives some support from the rise in Crude oil prices and positive market sentiment.
Currently, the price of Western Texas Intermediate (WTI) has broken its four-day losing streak and is hovering around $75.30 per barrel. All attention is focused on the upcoming important OPEC+ meeting, with widespread expectations for a decision to further reduce and prolong cuts to oil production.
⭐️ Personal comments NOVA:
According to the H1 frame, the price retested the support area of 1.36000. Buying pressure is unlikely to overcome this support zone today. SET UP BUY signal recovers
⭐️ SET UP USDCAD PRICE:
🔥BUY USDCAD zone: 1.36000-1.35900 SL 1.35500
TP1: 1.36300
TP2: 1.36600
TP3: 1.37000
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
#USDCADIt has broken its own support zone, and now the upward corrective movement can be a pullback to the zone that is currently used as resistance. Of course, in the demand area, there has been a positive divergence and it has risen again, which, if confirmed, can retest the previous floor.
USDCAD → Fall to 1.35200 or 1.40000!? Here's What We Know.USDCAD closed a bear candle below its bull channel support last week, leaving the bulls to wonder if this is the beginning of the end! Will the US Dollar recover and bring us back into the bull channel?
How do we trade this?
We closed a candle below the bull channel, it's reasonable to be biased to short in the short term. The price may want to make contact with the 200EMA at 1.35200 where it could show support and bounce to the upside. I think a short for 100 pips to 1.35200 is reasonable with a protective stop just above the bull channel support. It would be reasonable to take some or all profit just above the 200EMA, but you could hold some and see if the price falls further.
Key Takeaways
1. Closed Candle out of Bull Channel, Bias to Short.
2. Look at 4HR chart for a test of Bull Channel Support.
3. After Sell Signal, Target TP at 200EMA 1.35200
4. Watch for Support at 200EMA
5. RSI at 41.00, below Moving Average, Supports Short.
You are solely responsible for your trades, trade at your own risk!
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USDCAD can Go Up by Falling Wedge Pattern⏰(1-Hour)⏰✅ USDCAD managed to form a Falling Wedge Pattern near the 🟢Support zone(1.37 CAD_1.363 CAD)🟢 .
🔨In the past hours, USDCAD managed to break the upper line of the Falling Wedge Pattern and is currently completing a pullback to this line.
🔔I expect USDCAD to rise to at least the Resistance line and 🔴Heavy Resistance zone(1.398 CAD_1.379 CAD)🔴 after completing the pullback.
U.S.Dollar/Canadian Dollar (USDCAD), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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USDCAD: UPDATE 25/11/2023! Dear Traders,
Our last idea on USDCAD, was a successful one it rejected at our area and dropped 160 pip; with this setup we anticipating price to do a retracement before it drop further. With accurate stop loss and risk management we can successfully achieve our target on this idea.
what do you think of USDCAD?
USDCAD - W1\D1USDCAD
W1 - The price can form a 3-wave structure from a strong level, which can lead to a price drop to the level of 1.32260 to the lower border of the flat
D1 - A triangular structure is formed; when it is fixed beyond the level of the triangle line, a sell entry can be considered.
What can you expect?
You can consider entering from the level 1.36549 (you can consider breaking the level, also wait for fixation at this level) with further movement to the target 1.34016. Cancel the idea so as not to take an increased risk on the idea 1.37815 - 1.38577
Short
Targets 1.35822 - 1.34895 - 1.34016 - 1.32260
USDCAD hello traders as you can see usdcad change of character in sell side im sure usdcad will be reach my target ,,, ,what is your idea please comments
