Usdcadanalysis
USD/CAD Upward journey is done? or not?Hello Traders
Our technical view has been shown in the chart.
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USD to CAD Key Points Analysis, Evening UpdateRecommendation: Sell below the point 1.3635 with the first profit target at 1.3585 and the second profit target at 1.3570.
Alternative recommendation (in case of price trend change): If the price breaks above 1.3635, it is expected to initiate its move towards 1.3650 and 1.3670.
Support and resistance levels on the 30-minute price chart
(Pivot and support/resistance levels for today's Forex market)
1.3670
1.3650
1.3635
1.3585
1.3570
USDCAD - AnalysisUSDCAD
MN - ABC structure is visible, from which growth can continue to the level of 1.46678
W1 - The price has broken through the level of 1.36627, now we can expect a correction to 1.33952
After this level, both a downward movement and continued growth may develop.
What can you expect now?
Correction to 1.33952, then a clear formation will appear.
Continued decline may reach 1.27837
With growth it may reach 1.43437
Long
Targets 1.36627 - 1.40189 - 1.43437
Long-term perspective – goals 1.40189 - 1.43437 - 1.46678
Short
Targets 1.33952 - 1.30918 - 1.27837
Medium term - goals 1.30918 - 1.27837 - 1.24507
USDCAD Analysis 10Sep2023If you follow my analysis since the beginning of August until now, the USDCAD pair is still in accordance with the initial analysis. bullish for one full month. At present the price is close to the trendline that applies as resistance. If we pull the Fibo Extension, then the price is likely to go to Fibo 0.5 - 0.618 before the price is corrected.
USDCAD A DECISIVE DECISION hello traders , it seems like usdcad has a very important decision to make
either Break the bearish trendline and go up to the key support that i indicated
or Reject from it and drop back to the bullish trendline for the buyers to regain some strenght
the break out may be influenced by the fundamentals coming later this week to determine the fate of the dollar and the fate of the pair.
this is just my humble opinion but yeah follow me its free i post to you amazing setups and updates every week.
USDCAD - Short after taking the liquidity ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I see price to reject from bearish order block + institutional big figure 1.37000, after taking buyside liquidity.
Fundamental analysis: On Friday will be released Unemployment Rate on CAD. Pay attention to the result in order to validate the analysis.
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USD/CAD: SomeHi everyone!
In the past few weeks we have already traded FX:USDCAD pair on the first trendline re-test, but at the same time this technical element could still be useful to us. The big picture on daily chart is harmonic structure followed by corrective structure with ABC Pattern formation.
✔ At the moment, we remain below an important resistance (not shown on chart), but if there is a bullish breakout during the first hours of trading, another bullish consolidation should appear, pushing the price to retest the trendline around the 1.3389 area.
✔ From a technical point of view and following the pair on intraday chart, it could be interesting to take a long position on pullback or corrective structure that will appear.
During the next hours/sessions, we will publish new updates, even on minor time frame in the section below, or visit our Blog for a more detailed technical analysis. Trade with care.
Analysis by
Anonymous Banker Team
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USD/CAD Gains Strength Amid Key Economic Events, BoC and US ISMThe USD/CAD pair is trading near 1.3640, shrugging off bullish oil price trends. The Bank of Canada is expected to keep rates stable at 5.00%, while mixed U.S. economic data keeps the USD strong. Market focus is on the upcoming U.S. ISM Services PMI and BoC rate decision for clearer directional cues.
TRADE IDEA DETAILS
CURRENCY PAIR: USD/CAD
CURRENT TREND: Bullish
TRADE SIGNAL: Conditional Buy
👉ENTRY PRICE: 1.3670
✅TAKE PROFIT: 1.3720
❌STOP LOSS: 1.3620
ANALYSIS:
The USD/CAD pair has shown resilience amid multiple economic variables, particularly favoring the USD. U.S. economic indicators remain strong despite recent factory orders data, and Fed Governor Waller's hawkish comments have bolstered the USD. The BoC is also likely to keep its rate unchanged, making the Canadian Dollar less appealing.
TRADE PLAN:
Enter a buy order only if USD/CAD crosses above 1.3670, confirming the break of technical resistance.
Set a take profit order at 1.3720, aligning with the next resistance level.
Place a stop loss at 1.3620 to mitigate potential downside risk.
Monitor economic data releases like U.S. ISM Services PMI and BoC rate decision for potential market shifts.
Execute the trade on a 1-hour timeframe for short-term analysis and trade management.
FINAL THOUGHTS:
Given the USD strength, mixed economic data, and anticipated BoC rate decision, a conditional buy signal seems most appropriate. However, traders should be cautious of sudden shifts due to upcoming data releases and geopolitical factors. It is imperative to stick to the trade plan, particularly the entry point and stop-loss mechanisms.
USDCAD 1D AnalysisPrice is presently at my 4hrs resistance level. if price breaks and close above this level, i anticipate price to continue the uptrend up to the next major Supply zone 1.38694.
However, if price is rejected at this level and continues to drop, we may see a minor pull back before the uptrend continuation again
What is your thought on this trade?
USDCAD looks change trend on H4OF course for me.
USDCAD looks change trend on H4
How long not break TOP I will look on M15 point for entry.
Remembers about risk and your decision
USDCAD : Short Trade , 4hHello traders, we want to check the USDCAD chart. The price has broken the ascending channel to the bottom and is pulling back to the specified key level. If the price cannot break this level, it is a good entry point for a sell trade. In case of a fall, we expect the price to fall to around 1.35000. Good luck.
UsdCad- Break above resistance next?After the low from mid-July, UsdCad has started to reverse and after the small correction from last week, last Friday was also marked by an immense Bullish Engulfing from short-term support which led the pair into the resistance zone again.
The structure from the low is strongly bullish and I believe this resistance will fall sooner rather than later.
I'm very bullish UsdCad as long as 1.35 is intact and a break above the 1.3650 zone could lead to acceleration to the upside and expose the 1.3850 zone.
In conclusion, my strategy is to buy dips under 1.36 in search of a good risk: reward considering the levels that I mentioned.
USD/CAD: Double top beneath key swing highsUSD/CAD has risen just over 4% since its YTD low set in July. And it did so in a relatively straight line. Yet a double top has now formed on the daily chart beneath the April and May highs, with the second ‘top’ coming in the form of a bearish engulfing / outside day. This likely points to at least a minor top over the near-term. Any low-volatility moves towards 1.3600 could provide bears an improved reward to risk ratio, with 1.3500 making a viable initial target. Should US data such as GDP, ADP employment and Nonfarm payroll disappoint, we could be looking at much lower.
Multiple timeframe Analysis on USDCAD.USDCAD movement illustrated on the chart.
after looking at the chart i think the pair could go up to sweep the gap and move in it mean direction which is down move.
USDCAD SellUSDCAD has made extreme selling which is giving us an indication that anytime market may fall. I have use proper money management on it. Do your own analysis also before taking trade. Trade at your own risk.
USDCADUSDCAD, recently broke out of the uptrend and it is now confirmed that price will continue to be bearish.
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Weekly Roundup: USDCADUSDCAD
Weekly bias for next week = bullish
Strong H4 reaction from weekly BPR (balanced price range)
Next target Weekly swing highs (marked on chart)
Will consider limit entries from h4 FVG's (fair value gaps)
If at the computer at the right time, will watch for m15 long triggers within H4 FVG's.
USDCAD 366 Pips selling opportunity❤️Dear Traders, hope all of you had a great weekend,
USDCAD approaching a high potential selling area where we can expect price to reverse for short period until DXY settle its market equilibrium. Once it is settled we will expect prices to be bullish for long period.
A strong rejection at our ‘golden line’ will indicate us, whether price will reverse or not.
USDCAD Long Term selling 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
DeGRAM | USDCAD divergence at the supportUSDCAD decelerated while approaching support, then bounced off it following the divergence.
Price bounced off 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 and a retest of the resistance.
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USDCAD, Dancer in the DarkAs we are in Deep consolidation phase where we have seen no movement in the price from last 1 week, USDCAD shown some move from yesterday so expecting its further move to be a little retracement and then a decline towards its support of 1.3495 or below
