Usdcadshort
USDCAD - SHORT USDCAD breaks out a rising Wedge which is a continuation pattern. The market was already in a downward trend then this deep retracement happened which formed the rising Wedge correctively.
PS: USD High impact News coming in less than an hour. Be careful.
USDCAD 4 hour timeframeUSDCAD still inside strong channel down, we can follow bearish movement to reach previous support at 1.31203
if this channel broken, we still have fibonacci resistance at 1.34526 to hold bullish.
Best stoploss above fibonacci resistance.
Good luck
USD/CAD sell signal AnalysisHello traders, this week, there hasn't been much significant movement in the DXY. We've observed two inside bars on the daily timeframe, indicating a period of ranging. Personally, I'm looking for the CPI data to potentially drive the price down. This would align with my interest in selling USDCAD, especially after taking the ERL. I anticipate targeting the next pool of liquidity, the IRL, considering that we've previously established the buy side of the curve in past weeks. I think it's now time to get the sell side of the curve. However, my decision to get involved will depend on the CPI release and whether it gives us a break of structure in the market.
USDCAD - W1\D1USDCAD
W1 - The price is near the lower border of the sideways band, but was unable to break through the previous lows. Expecting a rebound to the upper limit with an update to the previous high of 1.38990. It is also worth considering that there may still be a move down to update the minimum, or a continuation of the downward movement in the event of fixation beyond the lower border level and a retest.
D1 - You can observe a corrective movement after a strong downward impulse, during which you can determine the continuation of the downward movement with the goal of updating the lows of D1 and W1 with targets of 1.30311.
What can you expect?
The idea is short-term in continuing the downward movement. You can consider entering from these levels ~1.33586 or expect a breakout of level 1.33387 with a target of 1.30311
Cancellation if the price breaks the maximum of the 1st wave - 1.34130, which can form a 3-wave structure and continue the upward movement.
Short
Target 1.32927 - 1.32264 - 1.31293 - 1.30311
usdcadI am focused on several currency pairs, and this currency pair is one of them. I believe that this currency pair will most likely fall in the 4-hour period.
USD / CAD shorts Down trend still in tact looking for a bearish 4h close below the blue line in order to look for shorts
USD / CAD short Looking for shorts going into next week after the holidays. Looking for a pull back and rejection on a 4h close to invalidate the temp usd strength and to look for the short
USDCAD Approaching Significant ZoneUSDCAD has been Ranging in higher timeframes.
On lower timeframes, a Bear market predominates.
Price approaching Significant Zone: 1.30900 - 1.31775
Although zone was used previously as support, momentum indicates probable continuation passed this zone onto lower prices - unless proven otherwise by future price movements.
Opinion is currently Neutral (no entry yet) with a Bearish bias .
Looking for appropriate market structure at Zone for entry (shorts).
Aggressively add to position if in profit, with appropriate risk managing and trading psychology.
Avoid adding to position if negative.
USDCAD H1 / BEARISH TREND, POTTENTIAL RETRACEMENT UNTIL 1.33100✅Hello Traders!
This is my perspective for USDCAD H1. As we can see, in this parity we're in a bearish trend, and I expect a retracement until the price of 1.33100, where we have a resistance level and also an OB. Also, it looks like a formation of BOSS vs COACH.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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#USDCAD= Beginning of the big trade! FX:USDCAD possible downtrend to continue towards 1.3200, as price have shown significant bearish pressure in last few days of the week. while dxy remain bearish cad has gained vast majority of bullish interest and it is likely that this is just beginning of downfall for USDCAD.
Good Luck
USD/CAD Eyes Further Losses Following Hawkish Remarks by BoC GovUSD/CAD Eyes Further Losses Following Hawkish Remarks by BoC Governor
After a brief pause in its three-day losing streak, USD/CAD is hovering around 1.3380 during the Asian session on Monday. The Canadian Dollar (CAD) has gained momentum against the US Dollar (USD) following hawkish comments from Bank of Canada (BoC) Governor Tiff Macklem on Friday.
In his speech at the Canadian Club Toronto, Macklem hinted that the BoC is considering lowering the policy interest rate once they are confident that the economy is on a clear path back to price stability. This sentiment has bolstered the Canadian Dollar, putting additional pressure on USD/CAD.
Currently trading around 1.3382, the pair is entrenched in a strong bearish downtrend. The technical analysis suggests a potential short continuation, especially with the breakout of a Triangle pattern. Traders are eyeing downside targets of 1.3330 in the short term, with the possibility of extending losses to 1.3300.
As events unfold, market participants will closely monitor further developments, central bank communications, and economic indicators that could impact the trajectory of USD/CAD in the coming sessions.
Our preference
Short positions below 1.3450 with targets at 1.3330 & 1.3300 in extension.
SELL TRADE SETUP ON USDCADHey Traders,
Check out this technical analysis on USDCAD.
USDCAD is currently trading with bearish momentum by staying below the bearish trend line.
So anticipate a retest of the broken support level and consider entering SELL positions.
Keep a close eye on this; it could play out in either direction.
USDCAD Short Term Sell IdeaH4 - Strong bearish momentum.
Lower lows.
No opposite signs.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
USDCAD Analysis H1Here is my analysis for USDCAD on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
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 Sell Zonehello traders
this is my analysis for usdcad
based on the fib the zone is very good to sell, as always risk managment is the key.
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: Market of Buyers
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the USDCAD pair which is likely to be pushed up by the bulls so we will buy!
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#USDCADAccording to the previous analysis, the USDCAD currency pair is moving in a downward channel in the 30-minute period, and this return can be up to the specified area and then continue the downward trend until the specified range, which according to the general downward trend of this currency pair is attractive. It is good.
USDCAD - SHORTHappy New Week - USDCAD broke out of a correction after breaking out of an ascending channel. Reversal pattern.
Entry: Break of correction
Check out full video analysis on my YT via the Link in my bio.
USD/CAD!! 7/12 Resistance zone for SELL signal⭐️ Smart investment, Strong finance
⭐️ USD/CAD INFORMATION:
During the Asian trading hours on Thursday, the USD/CAD pair is experiencing a stronger performance. This improvement can be attributed to the increased demand for the US Dollar (USD) and the decrease in oil prices. Currently, the USD/CAD is trading at 1.3605, representing a 0.09% decline for the day.
⭐️ Personal comments NOVA:
The nearest resistance area and buying volume decreased, setting up a SELL signal during the day
⭐️ SET UP USD/CAD PRICE:
🔥SELL USD/CAD zone: 1.36150 - 1.36300 SL 1.36700
TP1: 1.35900
TP2: 1.35600
TP3: 1.35300
⭐️ 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
