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Usdcadsetup

USDCAD - Full Analysis BreakdownWelcome traders to a free analysis breakdown. Today I am highlighting possible trades on USDCAD, if you any questions on the pair let me know in the comment section below. Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this chart helpful . If you did like this free educational chart please like and follow the channel, there is lots more valuable content right around the corner. Feel free to comment a pair or subject you would like me to cover next. I would suggest keeping this pair in your watchlist to see if your own rules are met. If you take a trade from the analysis in the video leave a comment in the section below. I would love to hear how your trade went. On behalf of Alpha Trading Group, Trade safe and I'll see you all in the next video.
Short
by AlphaTrading-Group
2
USDCAD | MY PERSPECTIVE FOR THE WEEKAs price moved over 150pips in our direction since my last publication (see link below for reference purposes); the Canadian dollar continues to benefit from the modest sort-rate spread between US and Canadian bonds. Friday's market watch posted a considerable gain for the CAD as it closed the day with an engulfing Bearish candle... this view at the market pre-empt me to consider a Bearish bias on this pair as I continue to look out for selling opportunity off sensitive resistance level on lower timeframes. Tendency: Downtrend ( Bearish ) Structure: Trendline | Support & Resistance | Breakdown Observation: i. Price action continues to fall within the confines of my Bearish Trendline represented on the chart. ii. Breakdown of my Key level @ 1.31500 during the week (Thursday - 27th August) followed by a possible retest of this level is more than enough for me to initiate a SELL on this one! iii. My 1.31500 level shall be a yardstick to hold my SELL bias in the coming week. iv. Having explained this, it's pertinent that I state here that a Breakout/Retest of this Key level might render this set-up invalid as a Rally could be in the air. Trading plan: SELL confirmation with a minimum potential profit of 120 pips. Risk/Reward: 1:3 Potential Duration: 4 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
GoldCartel - Loonie follow up analysisI reckon it will require consolidation inside the supply and demand zone while waiting for the next catalyst—a pretty good range for day trading. Currently my analysis and final targets remain the same as long as it stays below the down-trend channel. Here's the previous analysis: Catalyst: - CAD Manufacturing PMI - US ADP - US EIA - CAD Trade balance - US Unemployment claims - US ISM Manufacturing PMI - CAD Job data - US Average Hourly Earnings - NFP - US Jobless rate
Short
by GoldCartel
7
USDCAD - BEARISH BIASUSD - BEARISH 1️⃣ A shift in Fed's monetary policy framework announced on Thursday also weighed on investors mood. The Fed will allow a more flexible inflation target, meaning rates can stay low for a longer period despite rising inflation. 2️⃣ Conference Board consumer confidence came below market expectations. CAD - BULLISH 1️⃣ The Canadian dollar appreciated further as oil prices have been hovering around five-month highs after US oil producers shut most of their offshore output in the Gulf of Mexico as hurricane Laura made landfall in the region. 2️⃣ Powell’s dovish comments, the upbeat market mood continued weighing on the greenback. ===== TECHNICAL ===== - We are looking to short USDCAD on SBR level on H1 chart. - USDCAD in bearish zone. ===== RISK TO THIS TRADE ===== - Decline in oil prices will take this trade to hit stop loss.
Short
by MonsunAsia
USDCAD - BULLS OR BEARS?*ENG* - Price hitting our supportive zone and showing some correction signs. - Right now price action is showing a possible bearish move. - If price breaks our resistance trendline, wait for the retest and then look for long entries. *PT* - Preço a atingir a nossa zona de suporte e a demonstrar alguns sinais corretivos. - De momento o price action está a demonstrar uma possível quebra para baixo. - Em caso de quebra da trendline de resistência, aguardar pelo retest da mesma e procurar por entradas para long.
by Wevesting
USDCAD HEADING LONG?!ENG: - Price correcting after breaking our resistance trendline , we are now expecting a bigger move to the upside after the touch. - In case price breaks, we would look for a new long at our supportive zone. PT: - Preço a corrigir após quebrar a nossa resistance trendline , estamos agora a aguardar por um movimento maior para cima, logo após o toque na mesma. - Caso o preço quebra a trendline novamente, iríamos procurar por uma nova posição de compra na zona de suporte.
by Wevesting
USDCAD | PERSPECTIVE FOR THE WEEKMy bias on this publication last week (see link below for reference purposes) was rendered invalid as price broke down 1.33800 level given rise to a stronger CAD, which might result in a further decline as price retest 1.38000 level. The Loonie appears to begin the rally off of a backdrop of upside economic surprises and stronger commodity prices. Buyers couldn't continue the moment despite good figures resulting from NFP positive outlook on Friday as the price appears to stall at 1.33800 (Breakdown zone). Tendency: Downtrend (Bearish) Structure: Supply & Demand | Channel Observation: i. Since Breakdown/Retest of 1.35000 level in mid-July 2020, the Bulls have found it immensely difficult to raise the bar resulting in a Channel to the downside. ii. As selling pressure increase from my Key level @ 1.35000, I shall be looking out for Sell confirmation in the coming week on this pair. Trading plan: SELL confirmation with a minimum potential profit of 300 pips. Risk/Reward: 1:3 Potential Duration: 2 to 6 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
USDCAD, PREPARE FOR SOME GOOD MOVES!*ENG* - Price heading to our supportive zone were we expect 2 possible outcomes, with the first being a possible reversal from that area (look for entries at the 1h/15min), and the second being an impulsive break followed by a retest. *PT* - Preço a dirigir-se para a nossa zona de suporte, zona onde temos 2 setups possíveis, sendo o primeiro um reversal desta zona (bullish) e o segundo uma quebra impulsiva seguida de um retest e uma queda maior (bearish), procurar por entradas em 1H/15min.
by Wevesting
USDCAD | WEEKLY PERSPECTIVEThe USD/CAD pair struggled to make a decisive move in either direction after the macroeconomic data releases from Canada and the United States on Friday - 31st July 2020. With 90pips in our direction from my last week publication (see link below for reference purposes), a possible rally continuation is looming as we experience a Breakout off of our Trendline and Resistance @ 1.33700 during the course of last week. Tendency: Uptrend ( Bullish ) Structure: Breakout | Channel | Reversal Pattern Observation: i. The fall of USD since mid-July 2020 appears to stall at 1.33600 zone (Buying Pressure zone) as the price continues to find it difficult to break further down. ii. The spring of a Bullish candle (Breaking out off of my Trendline) later in the week is a sensitive sign that emphasizes Buyer's strength at this juncture in the market. iii. Looking out for completion of retracement from Engulfing run in anticipation of a rally in the following week(s). Trading plan: BUY confirmation with a minimum potential profit of 100 pips. Risk/Reward: 1:2. Potential Duration: 2 to 7 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry