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Usdcadsignal

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
USDCAD SELL | Going downHello Traders, here is the full analysis for this pair. 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 🤗
Short
by BULLSS1993
2
USDCADs I said on February 14 at the last technical analysis ...I am waiting for a rejection confirmation up to the trend line area and I will search again for BUY up to the 1.29400 area! THIS WEEK...I will wait to see if it closes March over the trend line and I will set my long-term BUY option to the 1.29400 area, from where I think it will go down again to the trend line formed in the last 10 years! NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: Our analyzes have an accuracy of over 91% but due to market manipulations during this period we will avoid putting exact values on SL! We also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market. *This information is not a Financial Advice.
by BloomFX_SIGNALS
USDCAD | Perspective for the new week | Follow-upThe price moved against us since my last publication ( see link below for reference purposes) as CA$1.26000 level was unable to hold on the back of crude oil volatility. The Bearish run that has lasted exactly a year appears to be building a reversal pattern with my Key level @ CA$1.24900 representing a Neckline. With the present simple structure, it appears that the Greenback will likely move higher over the next couple of weeks as the price is expected to remain supported in the long term around my Key level considering the fact that crude oil market volatility is calming down. Tendency: Uptrend ( Bullish ) Structure: Breakout | Supply & Demand | Reversal pattern Observation: i. Since the Breakdown of Key level @ CA$1.29400 on the 12th of March 2021, the price finally shows signs of Breaking and closing above this level during last week trading session. ii. Even as the possibility of a correction move that might extend deep into CA$1.24500 might happen in the coming week, buying above Key level is most sensible in this setup. Why? iii. We have been on a Downtrend for an extended period of time and it will only make sense that we are patient to confirm that the Buyers have finally taken over hence anywhere above Key level seems very reasonable. iv. In case you find yourself buying above Key level before the deep, it is advisable to opt-out once the price deep below $1.24800 with the intention of planning a re-entry... Trade consciously! Trading plan: BUY confirmation with a minimum potential profit of 250pips. Risk/Reward : 1:4 Potential Duration: 4 to 10 days 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.
Long
by darcsherry