USDCAD H4 ProjectionPrice moving near supply zone area Initiate short positions near the zone after confirmation by bearish price action structure.GOOD LUCK.
Usdcadsell
audusd 1h outlook for the dayI got a wadge in this pair but it is trading in the middle of this range now i am waiting to break any of this like I have drawn.....after breaking this line the execution opportunity will come ....keep in mind anything can happen so risk management is the key of profitability
USDCAD
In the USD/CAD pair, the 4-hour timeframe shows a bearish bias following a breakout from a rising wedge pattern. Additionally, a correction of 61% to 78% has been completed, suggesting potential downside momentum. The Elliott Wave analysis indicates a potential ABC pattern unfolding, further supporting the bearish outlook. Traders may consider short positions with caution, keeping an eye on key support levels for potential reversals.
USDCAD LONGUSD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will give you the edge to conduct thorough fundamental and technical analysis to trade this popular currency pair.
USD/CAD IG Client Sentiment: Our data shows traders are now net-short USD/CAD for the first time since Mar 06, 2024 15:00 GMT when USD/CAD traded near 1.35.
USD/CAD: Retail trader data shows 47.41% of traders are net-long with the ratio of traders short to long at 1.11 to 1. In fact, traders have remained net-short since Mar 06 when USD/CAD traded near 1.35, price has moved 0.07% higher since then. The number of traders net-long is 31.87% lower than yesterday and 28.88% lower from last week, while the number of traders net-short is 5.88% higher than yesterday and 27.33% higher from last week. CONFIRM CHART
USDCAD SELLUSD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will give you the edge to conduct thorough fundamental and technical analysis to trade this popular currency pair. confirm chart
USDCAD The Canadian Dollar (CAD) found some room on the upside at the midweek inflection point as investors await Thursday’s US Producer Price Index (PPI) and Retail Sales figures. The CAD continues to wrestle with the US Dollar (USD), but the Canadian Dollar is on pace to be one of the strongest performers this week as the only major currency entirely in the green.
USD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will give you the edge to conduct thorough fundamental and technical analysis to trade this popular currency pair. confirm chart
USDCAD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCAD
I still did my best and this is the most likely count for me at the moment.
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USDCADUSD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will give you the edge to conduct thorough fundamental and technical analysis to trade this popular currency pair.USD/CAD
The Canadian Dollar (CAD) found some room on the high end above the US Dollar (USD) on Thursday. The USD/CAD pair slipped below the 1.3500 handle as markets buckle down for the wait to Friday’s US Nonfarm Payrolls (NFP) jobs report.
USDCAD Short Term Sell IdeaD1 - Bearish trend pattern followed by a pullback.
Price reached a strong resistance zone and is bouncing lower.
Bearish divergence.
H1 - Lower lows.
No opposite signs.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
USDCAD SELL CONFIRM The USD/CAD pair attracts some dip-buying on the first day of a new week, albeit lacks follow-through and remains below its highest level since December 13 touched last week. The initial market reaction to the OPEC+ agreement to extend voluntary oil output cuts to the end of the second quarter turns out to be short-lived amid global economic concerns and rising output outside the group. This prompts some intraday selling around Crude Oil prices, which is seen undermining the commodity-linked Loonie and acting as a tailwind for the currency pair.
USDCAD - Potential long position ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to make a retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.35000.
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USDCAD - Bullish continuation ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: As I expected in my previous analysis price filled the imbalance and rejected from support zone. Now I expect bullish continuation and my target is buy side liquidity.
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USDCAD Trading Plan - 20/Feb/2024Hello Traders,
Hope you all are doing good!!
I expect USDCAD to go Down after completing this correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
USDCAD, It can be sell opportunity
Well as you can see the price created the inversion FVG at the 4-hour chart.
Now, if the price stays below this inversion we can target the sell-side liquidity.
On the other hand, if the price tries to move higher, liquidity above 1.36188 can be the price target.
💡Wait for the update!
🗓️21/02/2024
🔎 DYOR
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USD/CAD still selling offEarlier I posted a USD/CAD SHORT trade which was unforunately blocked because of a TV house violation I was unaware off bit one that I fully understand.
I had an initial target for this trade at 1.3492 which we have reached.
There's no sign that this pair have finished selling off following the major Retail Sales shock out of the US.
Core Retail Sales were expected in at +0.2% but missed by an astonishing 8 points to come in at -0.6%.
This has seriously impacted all USD pairs and as I'm in this USD/CAD SHORT I see no reason to close the position just yet.
My next target is 1.3470.
USDCAD - Still bullish ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I want price to go a little bit lower to fulfill the imbalance and then to reject from support zone for a long position.
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USDCAD Short From Resistance!USD-CAD will soon hit
The horizontal resistance
Of 1.35257 from where
We are likely to see
A local bearish correction !
USDCAD !!! 31/1/24 TREND DOWN ! SELL NOW ⭐️ Smart investment, Strong finance
⭐️ USDCAD INFORMATION:
During the early Asian session on Wednesday, the USD/CAD pair ends its four-day losing streak. The recovery of the pair is supported by positive US job openings and consumer confidence data, which contribute to the strengthening of the US dollar (USD). The focus is now on the Federal Reserve (Fed) monetary policy meeting scheduled for Wednesday, where no changes in interest rates are expected. Currently, USD/CAD is trading at 1.3405, showing a 0.04% gain for the day.
Unexpectedly, the number of available jobs in the US increased in December to 9.026 million, as reported by the Bureau of Labor Statistics on Tuesday. This marks the first time that job openings have surpassed 9 million since September. In addition, the Conference Board Consumer Confidence index rose to 114.8 in January, compared to the previous reading of 108.0, reaching its highest level in two years.
⭐️ Personal comments NOVA:
The long-term price range is still in a DOWN trend, the next bottom is gradually lower than the previous bottom. Touching the trendline sets up a SELL signal. CAD economic data also does not have much important information
⭐️ SET UP PRICE:
🔥SELL USDCAD zone: 1.34200 - 1.34350 SL 1.34800
TP1: 1.33900
TP2: 1.33600
TP3: 1.33300
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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 Local Short! USD-CAD went up to retest
The horizontal resistance
Of 1.34272from where
I think we will see
A local move down !
Classic play USDCADI see a tipycal setup on USDCAD. Break of major trendline, retest, divergence on H4 timeframe. I expect a drop of the price till the daily resistance at 1.336. Dollar weakness should confirm the setup
USDCAD - Short IdeaThe USDCAD pair has overbought conditions and Canadian dollar gains strength on strong crude oil prices, which indicates a potential downside move for USDCAD.
USDCAD TOPDOWN ANALYSISTopdown analysis on USDCAD. The dollar pairs are kinda bullish, but i still trust the USDCAD to drop
USDCAD - Short active ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: As I expected in my previous analysis price filled perfectly the imbalance and mitigated bearish order block. My target now is 1.32000.
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