Get started

Usdcadidea

#USDCAD SELL OPPORTUNITY LONG TERMIf price fail to come higher than 1H EMA and also rejected from this area which is our static Resistance zone and manage to come lower than 1.26268 means short term bullish corrective move has ended and price can start another drop to 1.25630 and after that because of higher time frame bearish move can also see lower prices. price at the moment is sitting on 1H & 4H EMA and also we can see bearish divergence which all suggest its a good area for looking to short this pair. But we should remember if price goes higher than 1.26555 this analysis has failed and our short term trend has confirmed to be bullish.
Short
by mohemati
USDCAD BUYPrice retested flip zone, trend-line and Level 1.27000 I'll be looking for buys on level 1.27500 Reasoning: - Overall Trend is still bullish, however we've seen a little rejection around level 1.28000-1.29000 (Watch out for signs of a reversal) - Price broke and retested level 1.27000 & Price flip zone (Blue) - Price respected trend-line - USD has shown considerable strength as the FEDs are looking slightly Hawkish from yesterday's FOMC meeting. However, beware as sentiment about this is highly mixed Entry: Aggressive = Bullish push from level 1.27500 Conservative = Break and retest of counter-trend line (Red) WAIT TILL OPPORTUNITIES PERSISTS, NO CONFIRMATION = NO TRADE Take Profits would be placed at previous highs. *If Price rejects on 1.28000, Get out of the trade
Long
by NoahXBorg
USDCAD TrendThe loonie-dollar pair had risen to its highest level in a month the day before, as the US dollar's safe-haven demand was bolstered by a broad risk-off mindset. Concerns about the upcoming federal elections in Canada, as well as low prices for Ontario's principal export, oil, ran parallel. It should be mentioned that rumors that a senior US Senator, Joe Manchin, has pushed out President Joe Biden's $3.0 trillion stimulus negotiations to2022, combined with uncertainties about the debt limit increase, have added to the risk appetite's downside pressure. Janet Yellen, the US Treasury Secretary, has called for another extension of the limitations. Moving forward, early election results and risk catalysts are likely to remain the focus, but second-tier housing data from the United States may potentially entice USD/CAD traders.
Short
by meelbijendra
usdcad 15.09.21from our previous usdcad has been in a bullish trend and price has already made a lower wick which created reversal peak formation. this could push price higher to give us a weekly wickfill, that's our target but price can also push higher than that since last week closed bullish. price made a reversal peak formation, gave us an impulse, retraced, and made a railroad candlestick formation which has provided us with a low that price has retested and is rejecting from. if price can close above 1.2700 successfully, that can push price higher to our target
Long
by fxqueen98
usdcad 07.09.21of course usdcad swing setup is still bearish, however for now we have a good counter-trend trade. price made a peak formation at the bottom with a w setup and retraced for the retest and confirmed the rejection with another w setup. if you have not entered yet, you can wait to aim for a retest however you can also wait for price to make a strong push and close above 1.25660. for there you can watch out for a retest or for some willing to take the risk might just enter there.
Long
by fxqueen98
LONG USDCADLONG USDCAD @ 1.2595 TP @ 1.28 SL @ 1.25 USDCAD testing the upward trend line and fibbo support around 1.2588. I have therefore bought some around that lvl as I expect it to rip from here. We have the Jackson Hole meeting on Friday where I feel that the it will either be neutral or bullish for the USD. I don't expect a dovish meeting. So therefore its best to go into this scenario with a bit of risk so that if USD rallies, we are already in the trade however if its neutral, we have some more time to re think and assess what we want to do. This trade offers over 2:1 R/R Good luck!
Long
by WhosPipsAreTheseAnyway
1