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Usdcadforecast

USDCAD tm:1hHello traders. I hope you doing well. These areas are based on my personal strategy and I will share it with you. Open a sell position on the supply area or open a buy position on the demand area. Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account. But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading. I hope you will achieve maximum continuous profit with me by using supply and demand areas. Good luck traders. Mohammad Goodarzi
by itsbluemorpho
USD/CAD SHORT from 1.3660USD/CAD has been declining since last week and shows not sign of finding support. The Andean Oscillator on the H1 time frame turned BEARISH towards the end of last week and with no obvious levels of support we can expect to see the price of USD/CAD drift lower to 1.3588 area where BUYERS may well lie. A look at the H4 time frame is revealing. All 4 EMA's (25/50/100/200) are grouped together and the price is now below this group. This means that USD/CAD BULLS would have to push through all these EMA's to head north and this seems unlikely in the absence of key drivers. THe only news on the horizon comes at 15:00 tomorrow with the CB Consumer Confidence which is not generally a big move so if this print disappoints then we can expect to see USD/CAD decline at a faster rate. The D1 time frame suggests we could be headed for the 200 EMA at 1.3570. If this key level breaks then there's nothing to stop USD/CAD heading much lower but any significant CAD or USD news would set the agends for this pair. With the Bank Holiday price action will be slow so I expect to see a gradual but steady decline with this pair.
Short
by forextraplaces
8
USDCAD moving lower this week**Monthly Chart** USDCAD is moving within a large range between 1.30000 and 1.40000 level since Oct 2022 as per monthly chart range. **Weekly Chart** The pair is still moving within the range after creating a weekly key reversal around the relative equal highs. The obvious move is to downside at least to test demand zone around 1.32000 level. **Daily Chart** The expectation for this week is that USDCAD will push lower from previous swing high level. We need to see a pullback reaction before taking the price lower. Next target will be to break the previous swing low below 1.36000 level.
Short
by PropSignals
USDCAD Bank Money Heist Plan To Become a Rich TraderMy Dear Robbers / Traders, This is our master plan to Heist USDCAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous Level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
by Thief_Trader
2
USDCHF DThe chart shows the price history of the US dollar (USD) against the Canadian dollar (CAD), also known as the USDCAD currency pair. The date at the top of the chart is May 15, 2014, but it is not clear if this is the date the chart was created or the date to which the data reflects. Based on the limited information in the image, it appears that the chart might be showing a triangle pattern. A triangle pattern is a technical analysis chart pattern that forms when the price action creates a series of highs and lows that converge into a narrow range. There are different types of triangle patterns, but in general, they are seen as continuation patterns, meaning they suggest that the price is likely to break out of the triangle and continue its trend in the direction it was moving before the pattern formed. However, it is important to note that technical analysis is not an exact science, and triangle patterns do not guarantee a particular outcome. Other factors, such as economic news and events, can also affect the price of a currency pair. Here are some additional details about the chart that you can see in the image: The y-axis shows the exchange rate between the USD and CAD. The scale is not shown in the image, but it appears that the exchange rate is around 1.36 CAD per 1 USD. The x-axis shows the time period over which the chart is displaying data. Again, the specific time period is not shown in the image.
by Sibonginkosi_Sithole-Job3
USDCAD - Bearish continuation ✅Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action to continue after price rejected from bearish order block + trendline. My target is imbalance lower. Fundamental news: Tomorrow (GMT+3) we will see results of Unemployment Rate on CAD, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
the price is trading below the Ichimoku cloud USDCAD SHORTThe sell zone seems solid as the price has been rejected multiple times in the past. I do notice that the price is trading below the Ichimoku cloud, which is a good sign of bearish momentum. Let's see how this plays out. Potential Trade Opportunity: Currency Pair: USDCAD Position: long Risk to Reward Ratio: 3R Trade Parameters: SellLimit: Entry Point: 1.37301 Stop Loss: 1.37363 Take Profit: 1.37107 Disclaimer: This trade signal is provided for informational purposes only and does not constitute financial advice. Trading in the forex market involves substantial risk, and past performance is not necessarily indicative of future results. The provided entry, stop loss, and take profit levels are based on analysis at the time of publication, but market conditions may change rapidly, leading to losses. Traders should conduct their own research and consider their risk tolerance before executing any trades. We do not guarantee the accuracy or completeness of the information provided, and we shall not be liable for any losses incurred in connection with this trade signal. It is recommended to consult with a qualified financial advisor before making any investment decisions.
Short
by Intraday_Forex_by_Wael
USDCAD I Correction of recent bullish impulse in progressWelcome back! Let me know your thoughts in the comments! ** USDCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
UsdCad- New rise to 1.39?Towards the end of last year, FX:USDCAD found itself testing the crucial support zone at 1.32. Subsequently, the pair reversed its course and, as of the beginning of February, has been consistently forming higher lows on our daily chart while pressing the significant resistance level at 1.36. I anticipate that this resistance will ultimately be breached, paving the way for a rise towards 1.39. My bullish stance on this pair remains intact as long as the sequence of lower highs is not violated.
Long
by Mihai_Iacob
USDCAD is going to Tank down but when..So to break this trade down down properly I started by looking on the daily time frame and saw there was a bullish liquidity purge, came down to our 1H time frame to confirm that we are indeed inside of a order block and to be clear about this particular setup its the "Holy Grail" or Elliot wave pattern. To see things a little more clear I've used the 15 or 5 MIN time frame to spot out the distribution and accumulation phases and liquidity has been swept from March 19th. I'd look for a 5 Min entry at 1.36127 and target the very bottom consolidation at 1.34558. SL at 1.36146. To maximize any profits trail stop losses!! secure the BAG and good luck!
Short
by Charliepips11
18
USDCAD SHORT 414.8 PIPS READ DESCRIPTIONThe analysis for USD/CAD (US Dollar paired with Canadian Dollar) indicates that the price is currently at a historical daily resistance level, ranging from 1.36000 to 1.36330. This level has served as a significant barrier to price movement in the past, suggesting a potential area of selling interest for the currency pair. To further support this analysis, data from the previous week regarding big player and investor activity is considered. It's noted that there were a total of 82,909 short positions and 45,761 long positions taken by investors. This data indicates a bearish sentiment among investors, with 36% of positions being short and only 14.8% being long. Given that the daily resistance level coincides with the level at which big players have put short positions, it adds further credibility to the resistance zone and strengthens the bearish outlook for USD/CAD. In terms of trading strategy, two target prices are set for this trade. The first target price (TP1) is set to capture potential profit if the market follows through with a downward movement. If the market reaches TP1 and continues to move lower, the trade should be closed for a profit. However, if the market reverses and starts moving higher after reaching TP1, the trade should be closed at the second target price (TP2) to mitigate losses. The expected gain from this trade is 414.8 pips, indicating the potential for a significant downward movement in USD/CAD if the resistance level holds. By setting clear target prices and managing risk effectively, traders aim to capitalize on potential market movements while protecting their capital. In summary, the analysis suggests a bearish outlook for USD/CAD, with a historical daily resistance level acting as a significant barrier to price movement. By considering investor data and implementing a well-defined trading strategy, traders aim to profit from potential downward movement in the currency pair while managing risk responsibly.
Short
by MOAZAM1133