USDCAD Analysis 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!
Usdcadanalysis
USDCAD Could provide a nice bullish move due to CAD CPIThere are several reasons why we could see a bullish move in the USD/CAD currency pair:
1. **Moderating Canadian Inflation**: Multiple sources, including RBC Economics, NBF, and CIBC, suggest that Canadian inflation is expected to moderate in November. This is primarily driven by factors like a drop in gasoline prices, easing food price growth, and a slowdown in core inflation measures. A moderation in inflation can weaken the Canadian dollar (CAD) as it reduces the pressure on the Bank of Canada to raise interest rates, potentially leading to a bullish move in USD/CAD.
2. **Headline CPI within Target Range**: RBC Economics points out that the expected drop in inflation would bring the headline CPI back within the Bank of Canada's target range of 1%-3%. This suggests that there may not be excessive inflationary pressures, which can be interpreted as a positive for USD/CAD bulls.
3. **Economic Backdrop and Interest Rates**: The analysis mentions that further softening in the economic backdrop and slower price growth should reinforce the idea that the Bank of Canada is unlikely to hike interest rates further in the near term. This anticipation of a pause in rate hikes can weigh on the CAD, making USD/CAD more attractive to traders.
4. **Core Inflation Deceleration**: The expectation of continued deceleration in core inflation measures, such as CPI-trim and CPI-median, indicates that underlying inflationary pressures may not be a concern. This can weaken the CAD and support a bullish move in USD/CAD.
5. **Caution Regarding Rate Cuts**: It's worth noting that the central banks, including the Bank of Canada, are expected to be cautious about declaring victory over inflation too early and pivoting to rate cuts. However, the anticipation of an extended pause in rate hikes rather than an immediate pivot to rate cuts can be seen as a positive factor for USD/CAD bulls.
In conclusion, the expected moderation in Canadian inflation, the potential return of headline CPI within the target range, the economic backdrop, and the likelihood of a pause in rate hikes by the Bank of Canada, along with continued core inflation deceleration, are factors that could support a bullish move in USD/CAD.
USDCAD Buy Idea, Bullish reversal?Strong bearish rally makes this reversal unlikely. However, the opportunity is still out there. There are several confluences that give me this idea.
1 - Many buyers in this region according to volume profile.
2 - Fib 32.8%, at this region of support.
3 - It is a former support level.
Price could still keep pushing down however, be aware of that.
USDCAD Technical Analysis And Trade Idea Recently, the USDCAD has demonstrated a strong downward trend, touching a significant support level on both daily and weekly charts. In the accompanying video, a detailed examination of this trend is presented, carefully analysing price movements and identifying possible trading opportunities through a thorough analysis across multiple timeframes, ranging from weekly to as short as 15 minutes. Anticipate a comprehensive review covering price variations, market trends, trend evaluations, and crucial technical analysis components. It's crucial to emphasize that the information shared here is purely for educational purposes and should not be considered as financial advice.
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 → Fell HARD to 135.000! Will We Bounce Here?USDCAD fell out of the bull channel as predicted from last week's analysis and hit the profit target of 135.500. We are now sitting on the 200EMA with no sign of support, do we short?
How do we trade this? 🤔
We do not short! We're on potential support, the RSI is at 32.00, we haven't had a good pullback in 10 bars, best to wait on the sidelines. What we *should* be looking for is a bounce off of the 200EMA as previous price action has shown. With a strong bull signal and confirmation bar closing on or near their highs, it would be reasonable to long at this level.
💡 Trade Idea 💡
Long Entry: 1.35470
🟥 Stop Loss: 1.34655
✅ Take Profit: 1.37100
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Breakout of Bull Channel, Bias to Short.
2. Target Short TP at 200EMA 1.35200 Achieved.
3. Look for a test of Daily 200EMA Support.
4. Long if Bull Signal and Confirmation Candle Close.
5. RSI at 32.00, below Moving Average, Supports short-term Short.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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USDCAD Sell Zonehello traders
this is my analysis for usdcad
based on the fib the zone is very good to sell, as always risk managment is the key.
USDCAD : Long Trade , 4hHello traders, we want to check the USDCAD chart. The price is moving in a descending channel and has reached 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 the price will grow to around 1.34900. Good luck.
#USDCADFollowing the previous analysis, the usdcad currency pair is moving in a downward channel in the 2-hour period, which can continue its downward trend until the specified areas by completing the pullback to the broken support area.
USDCAD - Short from bearish order block ✅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 only for shorts. I want price to make a retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 1.35500.
Fundamental news: On Thursday we will see the results of Interest Rate on GBP and EUR.
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USDCAD Waiting to form this zone, Im expecting the price to go below the monthly open price.
This is not a financial advice.
This is only my view on USDCAD for this week.
IF price goes below I will update it .
Trade at your own risk.
Follow for more.
DeGRAM | USDCAD descending channelUSDCAD is moving in a descending channel, and it's pulling back to resistance at 136500.
Price action is making lower lows and lower closes, indicating a bearish trend on the 1 hourly chart.
We might see continuation of the bearish trend from the confluence zone where we have fibo golden zone dynamic resistance and channel border.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
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
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
Check out full video analysis on my YT via the Link in my bio.
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!
