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Usdcadsignal

Usd/Cad : 1.1900-1.1830 level support test is likely Pair is trading inside the 1.4700- 1.1930 level since the past 6 years as the price is mostly moving based on the crude oil price . As of now , its heading towards the 1.19xx major support and likely to drop 100-150 pips below since the probability of stop loss cluster around that area is very high. On the other side , crude oil is showing weakness around 67 level and traded inside the 63-67 range since many days, indicating price likely to test around the 57 handle for short term. Hence, for Usd/Cad , better is to split the long positions near and below the major support Long position #1 : 1.1930 Long position #2 : 1.1800-1930 Long position #3 : Below 1.1800 ( If there is any Machine initiated so called fat finger error )
Long
by UnknownUnicorn13514545
USDCAD | Perspective for the new week | Follow-upCAD appears to have gained some ground after a strong employment report last week which brings me to re-visit my existing stance on this pair. The price moved over 160pips in our direction since my last publication before meeting selling pressure @ CA$1.265000 followed by rejection at this same area during last week trading session to make a complete Reversal pattern (Double Top) at exactly the peak of the Channel Trendline (see link below for reference purposes). This feat completely emphasizes that price action is about respecting the Descending Channel (See chart below) one more time as I look forward to a breakdown/Retest of Neckline which is also my Key level @ CA$1.25300 for confirmation in the coming week(s)! Tendency: Downtrend ( Bearish ) Structure: Breakdown | Supply & Demand | Reversal Pattern (Double Top) Observation: i. Since the last quarter of last year, the price has been fluctuating between consistent highs and lows within a Channel in a downward trend. ii. Double Top: The appearance of an extremely bearish technical reversal pattern that formed after price touched a high @ around CA$1.26500/1.26350 area two consecutive times with a moderate decline between the two highs calls for a Bearish bias in the coming week(s). iii. As at the time of this analysis, price is hovering in a Demand area (CA$1.25300 - neckline) that might thrust price up hereby making us revert to my previous bias ( see link below). iv. Opening a sell position on this pair can only be confirmed below Key level. Waiting for a significant Breakdown/retest of Neckline @ CA$1.25300 (Demand zone) is the only means of confirming that the Bears have come to stay at this juncture... trade consciously :)! Trading plan: SELL confirmation with a minimum potential profit of 250 pips. Risk/Reward : 1:5 Potential Duration: 5 to 10days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. 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
USD/CAD - It will be a good opportunity to open long position🔥The sixth time the price is trying to break the resistance line. It's starting to work out a little bit. I expect an entry point after retest. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Long
by Yuriy_Bishko
15
USDCAD Possible INVERSE HEAD & SHOULDERSHere is a possible quick setup for you guys! FX:USDCAD Overall trend on larger timeframes is showing prices headed downwards to possibly create an inverse head & shoulder signifying a possible reversal to the upside if price finds strong enough USD support to break the neckline. I applied our Fibonacci Retracement tool on the following levels, from the HIGH of Mar 30th @1.2647 to the LOW of March 31st @1.2365. (If you didn't know Fibonacci Retracement tool is used to find and visualize better entry and exit points in a trending market wave.) Here is my suggestion, Low risk Swing/Intraday Setups with possibility of massive gains if USD strength can continue to the upside. I will be monitoring DXY(DOLLAR INDEX) closely. As of right now the DOLLAR has been falling for 2 days but I expect it to find some solid support soon. This explains this pull back DOWN we are seeing on USD/CAD. Tomorrow's FOMC MEETING MINUTES (NEWS) & oil reports may cause some havoc for this pair since Canada also has a direct correlation to OIL. Make sure to trade with CAUTION. WE DO NOT chase the markets. Try your best to patiently allow the market to come to our entries. If our entries are not triggered that is OK, I will update analysis & give new entries. I REPEAT WE ARE WAITING FOR ENTRIES TO TRIGGER , WE ARE NOT YET IN A TRADE. We want the lowest RISK set up possible with the possibility of a high reward. Risk anywhere from 1-3% ONLY of your total capital by placing small LONG orders on each of these below retracement levels: 23.6% = 1.2580 (LONG) 0.10% Risk 38.2% = 1.2539 (LONG) 0.15% Risk 50.0% = 1.2506 (LONG) 0.20% Risk 61.8% = 1.2472 (The Ideal trade) (LONG) 0.25% Risk (MY ENTRY #1) 78.6% = 1.2425 (PERFECT Sniper entry) (LONG) 0.30% RISK (MY ENTRY # 2) Stop Loss: @ 1.2364 (1:3)(TP 3) Risk to Reward (1:2)(TP 2) Risk to Reward Take Profit #1 @ 1.2594 (Close 50-75% of total trade positions and allow the rest to run risk FREE) Take Profit #2 @ 1.2683 Take Profit #3 @ 1.2785 Keep your TOTAL risk at a minimum of 1-3% per trade. If these trades are triggered, I will be updating the analysis via comments so be on the look out. :) If you like these quick informative post/tips please drop a LIKE & make sure to FOLLOW ME!!
Long
by FxEarnings
2
Start dumping the CAD!! Long USDCAD, AUDCAD for 750 pipsSpeculators (Loonie longs) are starting to have a difficult time here to get any more skewed than they already are. (and all for what?!) Also, they are unlikely be able to take too much heat, in what is The Weakest FX (long) positioning in the civilized world, before a spectacular implosion. This one (title chart) is a severe liquidity issue, at best; The USDCAD Weekly; The AUDCAD Long is all about plain (insurmountable) capital flows - i.e. common sense;
Long
by Nemo_Confidat