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Usdcadsetup

USDCAD: Rallies to be sold?!USDCAD Intraday - We look to Sell at 1.2630 (stop at 1.2690) Previous support located at 1.2500. Previous resistance located at 1.2600. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.2630, resulting in improved risk/reward. A move through 1.2540 will confirm the bearish momentum. Our profit targets will be 1.2500 and 1.2475 Resistance: 1.2600 / 1.2630 / 1.2650 Support: 1.2500 / 1.2475 / 1.2450 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELSToday there is a FOMC MEETING. - DXY is currently at 102.175 LEVEL. USD has become STRONG with RATE HIKE SENTIMENT in the last few days. Also, at present the CAD FEATURE is at 0.7794 LEVEL. However, CAD is getting a bit STRONG compared to DXY. Due to this USDCAD is selling. - Currently the OVERALL MARKET is showing a NEUTRAL BIAS. STOCKS is currently showing a GREEN RISK ON SENTIMENT. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES shows a DOWN SIDE BIAS. Currently the market has a NEUTRAL BIAS. Therefore, in the future, all NZD CAD AUD currencies may be UP or DOWN compared to JPY CHF currencies. - USDCAD PRICE can be DOWN to 1.2664 LEVEL before re-UP. After that the USDCAD PRICE can be UP again to 1.3189 LEVEL. The USD is slightly WEAK at this time due to the MARKET SENTIMENT. But over time, that is likely to change. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD. It could be DXY UP in the future. So stay tuned for that.
by benny_marshall
USDCAD BEARISH STRUCTUREUSDCAD | What'd be the next price action? As we can see on the provided timeframe(1W), price tends to be reacting to the current double top pattern that's being formed by forming a bear flag pattern which has apparently completed its cycle. So therefore in the coming weeks, so far we do not see a BMS from "1.3 - 1.35" will validate this idea. If you had stumbled on my penultimate analysis on my page, you'd notice a very similar pattern of this pair was identified on BTCUSDT chart which has been effective since then. It's not a news anymore that history repeats itself so watch out for the area to take a position. Ultimately, there'd a strong reaction at the neckline which is what would finalize this completion of the bearish double top pattern just as btc is presently reacting to its neckline area and then before taking a position make sure you have placed a reliable setup. More milk on this🤗. Your likes and comments would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates...
Short
by Pearl-A