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Usdcadlongsetup

USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS DXY currently stands at 103.100 LEVEL. The USD has been slightly WEAK since the MARKET RISK ON in the last few days. Also, at present the CAD FEATURE is at 0.7873 LEVEL. However, CAD is a bit WEAK compared to DXY. Due to this USDCAD is becoming BUY. This is because USD gets a POSITIVE SENTIMENT and USD gets a RATE HIKE SENTIMENT. - Currently the OVERALL MARKET is showing RISK OFF. STOCKS is currently RED showing a RISK OFF SENTIMENT. And the VOLATILITY is getting a bit UP. Also COMMODITIES show a DOWN SIDE BIAS today. Currently the MARKET has a RISK OFF SENTIMENT. Therefore, in the future, all NZD CAD AUD currencies may be slightly lower compared to JPY CHF and USD currencies. - USDCAD PRICE can be DOWN to 1.2587 LEVEL before re-UP. After that the USDCAD PRICE can be UP again to 1.2979 LEVEL. The USD is slightly stronger at this time due to the MARKET SENTIMENT. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD. DXY UP can be from FOMC UPDATES in the future. So stay tuned for that.
by benny_marshall
USDCAD | Good Buy Opportunity. Get in!When it comes to the technical analysis of USDCAD, you might get an impulse to the upside. Based on my technical analysis , there aren't many supports till the Target 1. So you may use this as a buy opportunity. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area; which used to be a support area . And also don't forget to place the stop just below the entry area. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. If you find this technical analysis useful, please like & share our ideas with the community. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by maxprofwizard
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS⛔️ USD does not have such important indicator data to release today. But the most important LABOR DATA for CAD is due out today. It will be released during the NEWYORK SESSION. Most likely it will be POSITIVE. We are waiting. ⛔️ DXY is currently at 98.83 LEVEL. USD has been WEAK for the last few days. But after the FOMC, the USD got a slight POSITIVE SENTIMENT. Also, the CAD FEATURE is down to 0.7946 LEVEL. However, CAD is becoming WEAK relative to DXY due to being OIL DOWN. The USDCAD PRICE looks like it's moving towards DYNAMIC S / R LEVELS. ⛔️ Currently the SENTIMENT of the OVERALL MARKET is being POSITIVE. Also, even though the EQUITIES are turning a bit red, we are not affected by the VOLATILITY DOWN. Also COMMODITIES still shows a UP SIDE BIAS. There is a NEUTRAL BIAS currently on the market. We can not say for sure whether the MARKET SENTIMENT is UP or DOWN. But according to the data we have received so far we can say that MARKETS RISK is turning ON. ⛔️ OIL PRICE is currently down a bit. It will inevitably affect CAD. But the TECHNICALLY USDCAD can go to the SELL a bit faster in the next few days because a RESISTANCE has a PRICE and is RISK ON. ⛔️ USDCAD PRICE can be UP to LEVEL 1.2656 before DOWN. Then the USDCAD PRICE can be down again up to 1.2415 LEVEL. The USD could be a bit WEAK in the coming days due to the MARKET SENTIMENT. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD.
by benny_marshall
UsdCad Bullish over oil- Daily >> Price tested and was rejected off 1.25010 support area.. Stochastics over sold and getting ready to rise - 4 Hour >> After being oversold and testing the support line for a time price, price pushed up above the most recent lower high. Bouncing off the 55MA to retrace a bit - 1 hour >> Big bullish impulse breaking the descending trend-line...Triple MAs crossing for bulls (only the 13 & 21 so far) but bearish momentum is slowing.. - 30 min >> Triple Moving averages fully crossed and price ranging a bit inside MAs... Stochs almost oversold - 15 min >> Price is above the 15min 200MA andis currently resting on it. -Overall >> Price is currently making a double bottom on the 15min but has room to go down further. Will wait to see if double bottom is valid b4 taking a position. But potentially a good buy entry due to price resting on the 15min 200ma and ranging within the support area. Will wait for the current 4 hour candle to finish before placing a trade. Looking towards 2 targets, 1st target is the most recent high on the 1 hour chart (1.25898), 2nd target is just below next area of support just below the 4hr 200MA (1.26645) ======================================================================================================================== Disclaimer: The Trade setups are based on my analyses and ideas and they are not signals or trading advice. Do your own analysis before you enter any trade based on my shared analyses. Trades are entered once criteria is met....Remember trading is risky and we can't force the market in any direction..#ExercisePatience ========================================================================================================================
by Loviss
UsdCad Bullish pin bar setup-Daily Chart >> Price bounced off support and closed above the daily 200 MA. -4 hour chart >> Price bounced off support with a bullish pin bar on the 4 hour chart with stochastics on this chart also rising. Moving averages on the 30 min also crossed with price currently testing the 14MA. -1 hour chart - On the 1 hour chart price is currently testing the descending trendline . - Entering 2 small positions ..1st position is now as the price tested the crossed MAs on the 1hour....2nd position will be a buy limit if price retraces a bit more.. Both stoplosses will be a few pips below the close of the pin bar on the 4 hour chart. Expecting price to go to the resistance level 1.28073 Tomorrow (4 March 2022) is NFP so be careful when trading this pair. if entering before NFP. ======================================================================================================================== Disclaimer: The Trade setups are based on my analyses and ideas and they are not signals or trading advice. Do your own analysis before you enter any trade based on my shared analyses. Trades are entered once criteria is met....Remember trading is risky and we can't force the market in any direction..#ExercisePatience ========================================================================================================================
Long
by Loviss
UsdCad- Nice trade with great R:RIn June 2021, UsdCad has changed the trend, breaking above the descending trend line and reaching a high around 1.3 important resistance. Since then, the pair was very volatile with large up and downswings. In December, UsdCad has had a new attempt to conquer 1.3 and failed again, dopping slightly under 1.25 However, this low is higher in rapport with the previous 2 and can be an indication of continuation to the upside. More, 1.25 zone is market by 3 bullish pin bars and it is clear that we have buying power in this zone. In concl;usion, dips against 1.25 should be bought and swing traders can target 1.3 resistance. A dive under the recent low would negate this scenario. Best of luck trading UsdCad Mihai Iacob
Long
by Mihai_Iacob
8
USDCAD: Daily Price-Action Analysis, Long! See Description. On the Monthly timeframe, Price has seen test at 1.20483, a VERY Important Price for Long-term POTENTIAL Targets 1.79550 | 1.59368. Hmmm! Test at 1.20483 has sent Price to Caption zone 1.25110 | 1.27834. Inside Caption-zone is Price 1.26210 that gives price 1.34621 potential for upside test. Understanding the Caption-Zone: Successful upside breach of 1.27834 is clear setup for Test at 1.33083 for further advance or decline. As is, price is trading above %50 of most recent Lo-Hi Swings-- Meaning Bulls have upper-hand and potential to drive price outside 1.25110 | 1.27834 Caption-zone into Target 1.33083 Other Targets will include: 1.31714 | 1.31897 | 1.35313 | 1.35552 Looking at Daily Time-frame: Price is trading above two Caption-zones: 1.24079 | 1.25391 and 1.24526 | 1.25474 Meaning: There's a chance for (Pass or Decline) TEST at 1.26186. Secondary Tests await at 1.27302 | 1.27832 zone prior to zoned Target 1.33083. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.
Long
by legacyliked