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Usdcadshort

USDCAD - Look for a 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 long. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.37000. Fundamental news: Tomorrow will be released Unemployment Rate in Canada, as well it will be NFP day in USA, so pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
16
USDCAD: Amidst a slowdown in interest rate increases, US marketsU.S. stocks are on track to post their biggest weekly gain this year as investors express optimism that U.S. interest rate hikes will be halted. This also led to higher bond prices and a weaker dollar. The focus now shifts to the US jobs report, which will be released later today. The Federal Reserve's decision to keep interest rates on hold on Wednesday, combined with Chairman Jerome Powell's assertion that risks to the interest rate outlook are balanced, led to a rise in bond yields. The benchmark 10-year Treasury note fell more than 20 basis points in two sessions.
Short
by TrategySherpa
USDCAD SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
6
USDCAD Elliott Wave: Anticipating Downward CorrectionThe USDCAD currency pair has recently exhibited a noticeable five-wave impulsive upward movement. This analysis suggests that wave 5 of this impulsive move has concluded at the level of 1.3791 . Consequently, I'm anticipating a corrective ABC wave pattern to the downside. At present, my analysis indicates the potential for the support level at 1.36892 to be breached, serving as confirmation of the downward movement. A conservative approach would involve entering a position upon the retest of this support level once it has been breached. It is important to exercise caution with respect to this pair, as it may experience increased volatility due to the release of Non-Farm Payroll (NFP) data and employment change figures for the Canadian Dollar (CAD) today. Based on this analysis, my medium-term target for the pair is 1.35753 , with the ultimate target identified at 1.34887 . This outlook becomes invalidated if price breaks the 1.37910 to the upside. Cheers!
Short
by Samuel124
USDCAD ShortOANDA:USDCAD The technical analysis of the current market conditions reveals a bullish channel coexisting within a bearish trend. This implies that the breakage of the channel's lower boundary would trigger a subsequent bearish trend. The current price point has reached the channel's apex, and there is a possibility that it may retreat to the lower boundary, even breaking it and further descending. It is, however, imperative to note that such a trade is inherently precarious. A small stop-loss and a large risk/reward ratio should be implemented to mitigate this risk. Therefore, it is vital to exercise utmost caution and carefully manage the associated risk.
Short
by Dr_Candle
USDCAD Long Term selling 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
Long
by ForexPlanet20
2
Pre-NFP Trading Strategies for USD/CAD and AUD/USD!Greetings, fellow traders! 🌍 Join us in this riveting video as we dissect trading strategies tailored for USD/CAD and AUD/USD just before the highly anticipated Non-Farm Payrolls (NFP) report. In this video, we'll cover: 📈 Comprehensive analysis of USD/CAD and AUD/USD charts to identify potential setups. 📊 Key technical indicators and levels to watch before the NFP release. 💡 Insightful trading strategies and approaches to position yourself advantageously. 🌟 Risk management techniques to navigate the volatility associated with major economic events. Tune in and equip yourself with the knowledge and strategies you need to make informed trading decisions in these major currency pairs. Don't forget to hit the like button, subscribe to our channel, and ring the notification bell to stay ahead of the Forex game. Disclaimer: Trading involves risks, and market behavior can change rapidly, especially around significant economic events like the NFP release. Always do your own research and consult with a financial advisor before making any trading decisions.
by MoemenAwadalla