Get started

Usdcadshort

#USDCAD 1DAYUSDCAD Daily Analysis The USDCAD pair is currently testing a significant resistance level on the daily chart, which has previously acted as a barrier, preventing upward movement. This resistance level suggests potential downside pressure, providing a favorable setup for a sell opportunity if the price fails to break through. Technical Outlook: - Pattern: Resistance Level - Forecast: Bearish (Sell Opportunity) - Entry Strategy: Consider selling near the resistance level Traders may look to enter a sell position around this resistance area, with targets set at key support levels below. Confirmation from indicators like RSI indicating overbought conditions or MACD showing bearish divergence can strengthen this setup, reinforcing the bearish outlook for USDCAD.
Short
by PIPSFIGHTER
USDCAD! 10/30 ! Resistance H4 SELL signal USDCAD trend forecast October 30, 2024 The USD/CAD pair continues its upward trend on Tuesday, rising 0.23% to 1.3910, near Monday’s three-month high of 1.3908. The Greenback's strength, coupled with a drop in oil prices, supports this movement. Positive US economic data has fueled expectations for Fed rate cuts in November. September’s JOLTs report was mixed but slightly below forecasts, while August home price indices exceeded expectations, indicating persistent shelter inflation. Resistance H4 - overbought zone. In the context of the falling dollar, inflation cooling down in the US, causing the USD/XXX currency pairs to adjust down. /// SELL USDCAD : zone 1.39300 - 1.39500 SL: 1.39800 TP: 60 - 100 - 250 pips (1.37000) Safe and profitable trading
Short
by Moon-ForexAcademy
2
USDCAD with two probabilities for 10/28/2024USDCAD with a high probability to make the decision for 10/28/2024 ✅️ : 🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss. 🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
Short
by Abderrahmane_24
USDCAD with two probabilities for 10/25/2024USDCAD with a high probability to make the decision for 10/25/2024 ✅️ : 🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss. 🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
Short
by Abderrahmane_24
Sell USD/CAD BoC Interest RateThe USD/CAD pair on the H1 timeframe presents a potential selling opportunity due to channel. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.3818, This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.3778 2nd Support – 1.3750 Stop-Loss: To manage risk, place a stop-loss order above 1.3845. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_FOREX_TRADING
6
USDCAD Trendline Breakout Ready for a Long SellHello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUSD 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 ForexMasters2000
1
Usdcad could experience a significant drop in the coming daysUsdcad could experience a significant drop in the coming days. As always, it's essential to apply proper money management and never trade without placing an appropriate stop-loss. Remember, trading is a game of probabilities, so your success should be measured over a series of trades, not just one. Guys always read this quote.It will help you mentally."I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, 'I just lost my money, now I have to do something to make it back.' No, you don't. You should sit there until you find something.” “Jim Rogers: Thanks!
Short
by MohammedFaysal
USDCAD SELL TF H1 TP = 1.3670 On the H1 chart the trend started on Oct.15. (linear regression channel). There is a high probability of profit taking. Possible take profit level is 1.3670 This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.” Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested in it. Thank you! Good luck! Regards, WeBelievelnTrading
Short
by WeBelieveInTrading
USDCAD Sell Waiting don't rush USDCAD wait zone sell. SL line yellow. Good luck. **Forex Analysis Disclaimer** This analysis is intended for informational purposes only and should not be considered investment advice. I utilize technical analysis as the basis for decision-making and do not focus on fundamental analysis. Forex trading involves high risk and can result in losses. It is advisable to conduct your own research and consult with a financial advisor before making any trades. I am not responsible for any losses that may arise from the use of this information.
Short
by Forex_Int
Usdcad short trade ideaHello everyone, I've identified a fresh supply zone in the USD/CAD pair, and the location is quite appealing. As always, it's essential to apply proper money management and never trade without placing an appropriate stop-loss. Remember, trading is a game of probabilities, so your success should be measured over a series of trades, not just one. Guys always read this quote.It will help you mentally."I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, 'I just lost my money, now I have to do something to make it back.' No, you don't. You should sit there until you find something.” “Jim Rogers: Thanks!
Short
by MohammedFaysal
USDCAD SellUSDCAD looks like a sell on the H4 and has been moving steadily down from my last entry in UC. I believe that there will be a potential double top move looking to move towards the 1.37800s and since we are within that range it is clearly looking for prior price action to do a pullback or continue the reversal pattern of a downtrend. I am looking for this mainly to be a day trade, however, I will also be placing a swing trade for my other trading accounts to bare in mind to also use PROPER risk management. RSI also indicates that we are long overdue a major short and will see it within the next few candles how far USDCAD can go. I also have spotted trend patterns go back to July 25th of this year and it extending all the way down for a month straight crashing USDCAD all the way down till the very bottom of the RSI. ENTRY: 1.37951 TP 1 (Day Trade): 1.1.36230 TP 2 (Swing Trade): 1.35434 TP 3: (extended swing trade) 1.34396 SL: 30 Pips from entry Please message me if you have any questions! Please enjoy your day and be sure to follow our page!
Short
by KingTraderFX
2
USDCAD 1:7 RR trade idea The dollar index almost hit a 2 year low but the price reversed only half a percent higher from the said level. After CPI news, the dollar ended its bullish streak, after touching the highs of 2020. For that reason the USDCAD, which has just finished its second bullish leg by the Elliot Wave theory(6 bullish days in a row). Currently looking for a second correction, to what quarterly VWAP high indicates. Looking for a 7% short trade setup(1% risk) targeting 1.365(Quarterly VWAP + 0.382 retarcement) for 100 pips. This analysis is taught and provided by Fractals Trading Community. Trade safely and expect the unexpected, Mei
Short
by martinmei
3
USDCAD Rally Hits Critical Resistance – Time for a Short?USDCAD has surged in October, but multiple confluences suggest a short-term selling opportunity is emerging. Let's break down the charts. Starting with the weekly charts, we can see that USDCAD has been in a long-term range-bound market between 1.39 and 1.32, with price consistently respecting this range over the past two years. I've marked another key resistance area at 1.375 in red, which has also held strong multiple times in recent years. This is the first confluence. The second confluence becomes clear when we zoom into the daily charts. Lining up perfectly with the weekly resistance at 1.375 is the 0.618 fib level from the down leg that started in August (see image below). Now, taking a closer look at the 4-hour charts, the price is extremely overextended and overbought. When price action reaches this point, especially as it approaches key higher timeframe resistance zones like we are now, a reversal is usually imminent. Given these confluences, a selling opportunity seems highly likely. With the US CPI data being released today, we could see a spike above 1.375 towards 1.38, followed by a sell-off. Here’s how I plan to approach this: I’ll wait until after the news. If there’s a sharp spike above the mentioned resistance areas, I’ll fade the move on the first SELL signal from the lower timeframes using my TRFX indicator. If there’s no spike and price continues to grind up, I’ll be watching for a 30-minute or 1-hour sell signal and will enter the market accordingly. My first target for this setup is 1.36, with a stop loss around 1.383, depending on where I enter. Let me know your thoughts in the comments below!
Short
by TheFxAce
9
USDCAD SELL | Idea Trading AnalysisUSCAD is moving in a descending channel, We expect the decline to continue after the dynamic resistance is retested. USDCAD is near the resistance, where price dropped before. We expect a bearish move from the confluence zone. Hello 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. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
3
USD/CAD "LOONIE" Bank Money Heist Plan on BearishHello My Dear Robbers / Money Makers & Losers, 🤑💰 This is our master plan to Heist USD/CAD "LOONIE" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High Stop Loss 🛑: Recent Swing High using 1h timeframe Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂b
Short
by Thief_Trader
USDCAD limited by the 200dma & 1.3610 … the week of 16 Sep, 2024About a month ago, this pair broke below the 1.3610 level and since then has been unable to overcome it despite 7 attempts. The 200 dma has resisted bullish efforts and my bearish bias is also supported by Ichimoku Kinko Hyo. I will be on the lookout for bearish evidence on lower time frames such as H4 and H1, see how such price action relates to the 20 sma before committing to a trade. If, however, a strong move to the up side forms, that would negate my analysis. This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soro s
Short
by Trading_Vista