USDCAD: New Year 2024, New Outlook! Merry Christmas Everyone,
Dear Traders,
This week we waited USD to reverse and show some strong bullish momentum though it did not, however, this week we may see some bullish price movement. It is advisable that we may see uncertain price action due to low liquidity and low volume which is result of holidays worldwide.
Good Luck and Trade Safe.
Usdcadanalysis
DeGRAM | USDCAD break and close above the strong levelUSDCAD is currently trading in an ascending channel, making higher highs.
It broke and closed above the resistance level at 1.34000, which is a psychological level as well.
The market is consolidating on the higher timeframes in an ascending manner.
We anticipate a retest of the major resistance and bullish move.
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USDCAD long idea for next weekHello traders I would like to introduce to you my analysis of usdcad, 1H tf long, its base on new creation of buy zone on 1H tf that's still valid because of news that came up last week. We still have here this supply zone that I expect to be broken in next days and we should aim for huge sell zone that we have around 1.352 till 1.35483. So enjoy my idea I would really appreciate comments and your own thoughts on this idea.
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 SELL ON REJECTION !!HELLO TRADERS!!
As i can see after a big downtrend on USDCAD now a retrace done and its showing rejection here at this level again also you can see it is unable to break the trend line and US $ weakness is the ongoing.. Wars ahead around the middle east escalating more and more which is not good for US $ friends charts are clear like diamond our risk and reward ratio is great on this given analysis lets see what markets bring to us its just and trade idea share ur thoughts with us and for more updates Stay tuned
USDCAD SELL ZONE AHEAD !!!HELLO TRADERS,
As i can see USDCAD is trading near to a very strong resistence zone area and over all if we see on our DXY analysis then its show us a weaker $ so i am planing to enter in this trade once it is in selling zone areas traders this just an trade idea kindly share Ur thoughts on this pair so it will be helpful for traders comments are waiting for Ur ideas we appreciate Ur love Stay Tuned for new Updates
SELL USDCAD FROM RESISTANCE ZONE !!!HELLO TRADERS !!!
As i can see this pair USDCAD formed a double top pattern after a test of a solid horizontal
resistance on an hourly time frame.
I expect a retracement till design Tps
Friends its just an trade idea kindly share ur thoughts with us in comment sessions
USDCAD - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here I think we have a good short opportunity from premium zone if price continues to go higher to fill the imbalance and then to react from institutional big figure 1.35000.
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USDCAD: Rebound is coming?From a technical point of view, the trend on the FX:USDCAD pair is bearish, but at the same time the technical structure should need a pullback which should take the form of a corrective structure. With this in mind, we expect an accumulation phase that should push the pair around 1.3284 and 1.3420.
What's you opinion? ...are you bullish or bearish on this pair?
Trade with care.
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USD/CAD sell signal AnalysisHello traders, this week, there hasn't been much significant movement in the DXY. We've observed two inside bars on the daily timeframe, indicating a period of ranging. Personally, I'm looking for the CPI data to potentially drive the price down. This would align with my interest in selling USDCAD, especially after taking the ERL. I anticipate targeting the next pool of liquidity, the IRL, considering that we've previously established the buy side of the curve in past weeks. I think it's now time to get the sell side of the curve. However, my decision to get involved will depend on the CPI release and whether it gives us a break of structure in the market.
USDCAD - W1\D1USDCAD
W1 - The price is near the lower border of the sideways band, but was unable to break through the previous lows. Expecting a rebound to the upper limit with an update to the previous high of 1.38990. It is also worth considering that there may still be a move down to update the minimum, or a continuation of the downward movement in the event of fixation beyond the lower border level and a retest.
D1 - You can observe a corrective movement after a strong downward impulse, during which you can determine the continuation of the downward movement with the goal of updating the lows of D1 and W1 with targets of 1.30311.
What can you expect?
The idea is short-term in continuing the downward movement. You can consider entering from these levels ~1.33586 or expect a breakout of level 1.33387 with a target of 1.30311
Cancellation if the price breaks the maximum of the 1st wave - 1.34130, which can form a 3-wave structure and continue the upward movement.
Short
Target 1.32927 - 1.32264 - 1.31293 - 1.30311
USDCAD HIGHEST SPECULATIONIm looking for a higher range of swing trades on this pair, price goes to the smartmoney transfer zone base on weekly, thats why it retrace to 1.34,
if price breaks below the line, still a buy for me. for that higher zone being mark up.
Looking for a good buy for swing.
Lets roll.
If you like swing trades master the art of smart money transfer, you either waiting for months and months for price to effects.
This is only my view base on the charts being given by TV, this is not a financial advice no signal being plotted just an Idea how market and money transfer being explained.
GOodluck and happy Trading.
FOr more ideas on swing follow for more.
Trade only at your own risk.
USDCAD Looking BullishIn the existing downtrend of the USDCAD currency pair, there is a distinct possibility that the exchange rate may approach and test the support level at 1.31142, unless there is a significant breakthrough in market dynamics. The technical analysis of the market structure points towards a potential pullback, implying a temporary reversal in the prevailing downward movement.
This setup could be viewed as an opportunity for traders to consider initiating buy positions. Buying at the support level involves anticipating a rebound or a corrective move in the exchange rate. Traders often look for confirmation signals, such as candlestick patterns or other technical indicators, to strengthen the rationale for entering a trade.
It's important to note that trading decisions should be made based on a comprehensive analysis of various factors, including technical, fundamental, and market sentiment indicators. Additionally, risk management strategies should be employed to mitigate potential losses in case the market does not behave as anticipated.
USDCAD possible buy after falsebreakdwon!The USDCAD trend remains downward, presenting a chance to test the 1.31142 support level unless a breakthrough occurs. The technical structure suggests a potential pullback, so contemplate purchasing in on Support
In the ongoing downtrend of USDCAD, there's a likelihood of testing the 1.31142 support level if no breakthrough occurs. The technical setup indicates the potential for a pullback, making it worth considering buying .
USDCAD H1 / BEARISH TREND, POTTENTIAL RETRACEMENT UNTIL 1.33100✅Hello Traders!
This is my perspective for USDCAD H1. As we can see, in this parity we're in a bearish trend, and I expect a retracement until the price of 1.33100, where we have a resistance level and also an OB. Also, it looks like a formation of BOSS vs COACH.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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#USDCAD= Beginning of the big trade! FX:USDCAD possible downtrend to continue towards 1.3200, as price have shown significant bearish pressure in last few days of the week. while dxy remain bearish cad has gained vast majority of bullish interest and it is likely that this is just beginning of downfall for USDCAD.
Good Luck
USD/CAD Eyes Further Losses Following Hawkish Remarks by BoC GovUSD/CAD Eyes Further Losses Following Hawkish Remarks by BoC Governor
After a brief pause in its three-day losing streak, USD/CAD is hovering around 1.3380 during the Asian session on Monday. The Canadian Dollar (CAD) has gained momentum against the US Dollar (USD) following hawkish comments from Bank of Canada (BoC) Governor Tiff Macklem on Friday.
In his speech at the Canadian Club Toronto, Macklem hinted that the BoC is considering lowering the policy interest rate once they are confident that the economy is on a clear path back to price stability. This sentiment has bolstered the Canadian Dollar, putting additional pressure on USD/CAD.
Currently trading around 1.3382, the pair is entrenched in a strong bearish downtrend. The technical analysis suggests a potential short continuation, especially with the breakout of a Triangle pattern. Traders are eyeing downside targets of 1.3330 in the short term, with the possibility of extending losses to 1.3300.
As events unfold, market participants will closely monitor further developments, central bank communications, and economic indicators that could impact the trajectory of USD/CAD in the coming sessions.
Our preference
Short positions below 1.3450 with targets at 1.3330 & 1.3300 in extension.