$usdcad #usdcad $cad $dxy #elliottwave long 19sept23This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Usdcadlong
#usdcad long 21Dec23 #elliottwaveThis count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
USD/CAD BUYUSDCAD has reached the higher low area of the bullish channel in both the 4-hour and weekly timeframes.
📉 Expectations:
Anticipate the pair to re-test key support levels as highlighted in the attached chart.
📈 Trading Strategy:
This trade is based on a combination of technical analysis and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market fluctuations. Implement proper risk management in line with your account size.
🚦 Trading Rules:
1️⃣ Rule 1: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading.
2️⃣ Rule 2: After reaching Target 1, avoid placing new trades based on the same signal/alert.
3️⃣ Rule 3: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.
📣 Like and Share for More Insights! 🔄✨
📈📊 Happy Trading!
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 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 → 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!
Like 👍 and comment if you found this analysis useful!
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.
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 - 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 - Long active ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bullish market structure from higher timeframe perspective, so I am looking for longs. I expect bullish price action from here as price took sell side liquidity from old low and rejected from bullish order block.
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USDCAD - LONG ⬆️Another USDCAD $$$ on the Way. Price broke out of a correction after retesting/making a 3rd touch on a bullish flag on higher TF.
USD/CAD! 28/11 support zone BUY NOW ⭐️ Smart investment, Strong finance
⭐️ USDCAD INFORMATION:
The USD/CAD continues to decline for the third straight session, trading below the psychological level of 1.3600 during Tuesday's Asian session. The Canadian Dollar (CAD) receives some support from the rise in Crude oil prices and positive market sentiment.
Currently, the price of Western Texas Intermediate (WTI) has broken its four-day losing streak and is hovering around $75.30 per barrel. All attention is focused on the upcoming important OPEC+ meeting, with widespread expectations for a decision to further reduce and prolong cuts to oil production.
⭐️ Personal comments NOVA:
According to the H1 frame, the price retested the support area of 1.36000. Buying pressure is unlikely to overcome this support zone today. SET UP BUY signal recovers
⭐️ SET UP USDCAD PRICE:
🔥BUY USDCAD zone: 1.36000-1.35900 SL 1.35500
TP1: 1.36300
TP2: 1.36600
TP3: 1.37000
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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 can Go Up by Falling Wedge Pattern⏰(1-Hour)⏰✅ USDCAD managed to form a Falling Wedge Pattern near the 🟢Support zone(1.37 CAD_1.363 CAD)🟢 .
🔨In the past hours, USDCAD managed to break the upper line of the Falling Wedge Pattern and is currently completing a pullback to this line.
🔔I expect USDCAD to rise to at least the Resistance line and 🔴Heavy Resistance zone(1.398 CAD_1.379 CAD)🔴 after completing the pullback.
U.S.Dollar/Canadian Dollar (USDCAD), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
LONG USDCAD - BEST trade of the yearUSDCAD is on a big support! Till now we saw a nice reaction at this level
Easy play!
Cut bellow grey box
USDCAD - LONGPrice rallied up after making a 3rd touch of an ascending channel on the higher TF (4h & 1D.) On the 1H TF, the price formed a correction and now breaksout, we are about to see another really before the break of the expanding triangle.
usdcad for longwe have the bullish trend and we are waiting for our entry into the pullback to go with the market
USDCAD R:R 1:4This is for short term
Marked Possible Buy zone
Once Reached Entry zone Look for Liquidity sweep and BOS in LTF then Enter
And this is risky too.
Please DYOR before entering the trade.
USDCAD: The US dollar faces a weekly decline as inflation easesThe US dollar faces its biggest weekly decline in months against the euro, yen and franc. This comes after investors began selling in anticipation of a near 100 basis point interest rate cut in the United States expected next year.
By Friday, the dollar had fallen 1.6% from a week earlier, trading at $1.0854 against the euro, its steepest decline since mid-July. For the week, it fell 1.6% to CHF 0.8882, and against the yen it fell 0.6% to CHF 150.53.
Oil prices hit a four-month low on Thursday, and Walmart (NYSE:WMT) also announced price cuts, adding to deflationary pressures. This week's data showed U.S. consumer prices stabilizing, convincing investors that inflation is falling and the days of rising interest rates are over.
Weak US economic data released on Thursday also supported this view. Futures markets are currently pricing in a 98 basis point (bp) rate cut by the Federal Reserve next year, up from 73 basis points a week ago.
Peter Dragicevic, strategist at cross-border payment company Copay, comments on the situation. He said the degree of mitigation being considered looked positive, but the direction was correct. He added that the momentum of US inflation is changing and the negative effects of past monetary tightening are beginning to show.
With the Fed's next easing cycle looming, Dragicevic expects the US dollar to weaken gradually over the next few quarters as US yields fall and US growth recovers.
