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Usdcadanalysis

Usdcadanalysis

USDCAD 4HR AANALYSIS USDCAD is in an uptrend, though price has been rejected twice at the higher TF and it's consolidating at this level. If price breaks he trendline, I will look for a long position to the marked target level. If price rejects at this level and gives a strong bearish patter, my bias will change and i will look for a sell position

UsdCad road to bullishness Remember HTF is key, using weekly TF we can see that usdcad has broken structure cleanly to the upside leaving a very juicy fvg for next week trading and respective buyside liquidity above as draw on liquidity (dol) I believe Tuesday or Wednesday go possibly trade back to the fvg and create the low of the week thereby expanding as a result of the fomc on Wednesday pm session newyork

Long

USDCAD SELL STOP USDCAD SELL STOP Entry point :- 1.33842 Stop lose :- 1.35041 Target 1 :- 1.3264 Target 2 :- 1.3144

Short

by TURTLETRADER313

Daily Watchlist 9th August 2023 Two pairs on watch this morning, USDCAD & CADJPY. Similar plays but crucial differences in WHERE price has come from. Stay sharp.

04:18

by JordanWillson

USD/CAD Surges Amid a Robust US Dollar and Softening Oil Prices The USD/CAD pair witnessed a surge amid a resilient US Dollar and dropping oil prices. The Canadian Dollar was impacted by weak employment figures and the decline in oil prices, a crucial export product. Meanwhile, the US is bracing for persistent inflation, with headline and core CPI remaining steady. The financial landscape is further complicated by potential policy shifts by central banks. Both nations' economic health indicators paint a complex picture that drives the USD/CAD dynamics. TRADE IDEA DETAILS CURRENCY PAIR: USD/CAD CURRENT TREND: Upward due to USD resilience and weakened Canadian Dollar (CAD) from declining oil prices TRADE SIGNAL: Buy 👉ENTRY PRICE: 1.3475 ✅TAKE PROFIT: 1.3575 (Potential 100 pips gain targeting the next psychological resistance level) ❌STOP LOSS: 1.3425 (A 50 pips risk if the USD loses strength or Canadian economic outlook improves) ANALYSIS: USD Strength: USD's strength is apparent due to expected stubbornness in US inflation, which may hint at a Federal Reserve interest rate hike. CAD Weakness: The softening oil market and weak labor data in Canada exert downward pressure on CAD. Market Sentiment: Bearish sentiments in the US equities and S&P 500 futures may continue to feed into USD's resilience. Technical Indicators: The currency pair is at a critical level, and the upward trend seems to have room to continue, given the current economic indicators. FINAL THOUGHTS: This trade idea is based on current economic indicators and market sentiment, favoring a short-term upward trend in the USD/CAD pair. As with all trading activities, continued vigilance and adherence to risk management strategies are essential.

Long

by RichDadph-FX

USDCAD Analysis - Long Setup This is a possible long setup, without any lower timeframe confirmation, targeting 1.346 at least. However, this may just have been the retracement before heading lower, so I would suggest waiting for more confirmation on lower timeframes to support the entry. R2F

Long

by Road_2_Funded

Updated

USDCAD short idea I see candles rejecting 1.3350 on the daily and we have one leg painted already on the 4 hour. I want to see another leg drop into the imbalance on the 15-minute at 1.3320.

Short

00:50

by FranckIlunga

Updated

USDCAD Sell Setup USDCAD Momentum is Strong Bullish, But Still Expected a Deep Pullback Before a Further Buying. Large Liquidity Pool resting Above Market. Lets Wait for Liquidity Grab and Structure Shift to Enter.

Short

USDCAD - Looking To Buy Pullbacks In The Short Term H4 - Strong bullish momentum Higher highs No opposite signs. Until the two strong support zones hold my short term view remains bullish here.

Long

by VladimirRibakov

USDCAD Buy Setup Market Grabbed the Liquidity and Expanded Much. Leaving a Liquidity Zone and Buy Area Pending on Lower Side. After MSS, We waited for Inducement Level, Increasing the Setup Probability. Now, Expecting another MSS on M15 in POI Zone for Further Buying.

Long

Updated

USD CAD SHORT Risk 0.5% TP1 = 1:2 RR Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.

Short

by TheBlackCapitol_

Usd Cad Long I have identified a potentially bullish move for the USD/CAD forex pair Ascending Triangle Pattern: On the daily chart, the USD/CAD has been forming an ascending triangle pattern. This pattern is characterized by a horizontal resistance level and higher lows, indicating potential bullish pressure building up. A breakout above the resistance level could trigger a strong upward move. Bullish Divergence: The Relative Strength Index (RSI) on the daily chart is showing a bullish divergence. While the price has been making lower lows, the RSI is forming higher lows, suggesting that the bearish momentum is weakening and a potential reversal could occur. Moving Averages: The 50-day moving average (MA) has recently crossed above the 200-day MA, confirming a bullish crossover known as the "golden cross." This crossover signals a shift in momentum and supports the bullish bias. Support Confirmation: The USD/CAD has recently tested and held firm at a key support level , providing further evidence of potential upward movement.

Long

by realtrademaster

Updated

USDCAD Sell Expected H2 TF FVG is Internal Structure Liquidity to be taken Out by Market. Asian and London Session are Strongly Bullish. Expecting a Fall on Today 7:00PM (PST) News Time. Entry After M5 CHoCH.

Short

USDCAD BREAKOUT USD/CAD has experienced an ascending trading range breakout, indicating a potential long opportunity. Traders can consider opening long positions as the price surpasses the upper boundary of the range. This breakout suggests a shift in momentum and a potential continuation of the upward trend.

Long

by indaytrading

USDCAD SELL Hi, According to my analysis of the USD pair. There is a high probability of falling. The pair broke the strong support at 1.33350. A very negative candle on the weekly chart. He also tested the same area, but could not break through the broken support. Good luck everyone

Short

by inv_market09

Updated

USDCAD looking bullish trend in weekly timeframe bec follow bullish flag pattern

Long

USDCAD: Technical rebound in short term From a technical point of view, it could be interesting to follow FX:USDCAD pair in the next sessions. If we look at the intraday chart Trend is bearish but at the same time, we think that at least one technical rebound around 1.3198 will happen. In conclusion, it might be interesting to accumulate long positions (buy the dip) with small sizes follow 1H Chart. Like to support my work 💗 Trade with care!

Long

by TheAnonymousBanker

Updated

USDCAD Wedge Breakout!USD-CAD broke out of the Narrowing wedge and The breakout is confirmed So I think that we will see Some more growth !

Long

by kacim_elloitt

USDCAD Analysis 30July2023 The possibility of a significant movement in the next few days for this pair. If you look a week ago this pair is more likely to accumulate with a structure like sideways. I am still sure that there is an opportunity to be limited to the SND D1 area below before this pair returns to bullish.

USDCAD Bearish I have mentioned all the important resistance levels, where we may see sell opportunity on it. I think we do not have to look buying opportunity on it, just sell.

Short

DeGRAM | USDCAD break and close above the strong level USDCAD is currently trading in an ascending channel. The market made higher highs and higher closes. It broke and closed above the resistance that was tested twice. Price is coiling up before breaking through the level. We anticipate a retest of the major resistance and bullish move. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!

Long

USDCAD - Bullish?OANDA:USDCAD I entered a buy position on USDCAD at the pullback to the swing discount, targeting the old high on 4H. Why the old high? Above the old high there is a weekly FVG. Reason Behind The Buy? Price created a swing low on the weekly time frame right at the the weekly order block serving as support for price. So, I expect price to bounce off weekly level to fill the FVG above, which is the external liquidity. Price already took liquidity from the old lows. Those are my thoughts behind the trade.

Long

by Elijahenoch7

Updated

USDCAD Trade Idea USDCAD wi;; come back to test the trendline again, place your buy orders then. Manage your risk accordingly!

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