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Usdcadsignal

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
USDCAD | Perspective for the new week | Follow-upThe Bearish trend that began in October 2020 appears to have found a bottom @ around CA$1.24500 as the pattern transpose into what looks like an Inverse Head and Shoulder - a very strong reversal pattern. My last publication on this pair still holds as I continue to look for Bullish expectations (see link below for reference purposes) following signs of positive expectations from the Greenback as the Non-Farm Payrolls report indicated that the U.S. economy added 379,000 jobs in February, a report that significantly exceeded analyst expectations. Tendency: Uptrend ( Bullish ) Structure: Breakout | Supply & Demand | Reversal pattern (Inverse H & S) Observation: i. Breakout of my Key level @ CA$1.26000 late February 2021 followed by multiple rejections of this level during last week trading session supports the expectation of a rally in the nearest future as the price remains supported at this level. ii. After a significant Bearish Impulse leg, the appearance of an Inverse Head & Shoulder keeps my expectation LONG in the coming week(s). iii. Bearish Leg that began Oct. 2020 falls to make a Shoulder and then rises to the Neckline(CA$1.27500); price then falls again and below the former Shoulder to make a Head and then rises again; finally, the price falls again but not as far as the second Shoulder with a good possibility of a Breakout/Retest expectation of Neckline @ CA$1.27500. iv. Even as the CA$1.26000/1.25500 area remains a strong Demand area for me, a Breakout/Retest confirmation of Neckline might be a very good area you might want to join the rally. Trading plan: BUY confirmation with a minimum potential profit of 350 pips. Risk/Reward : 1:3.5 Potential Duration: 8 to 15days 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
3
SELL USD/CAD LONG-TERM TRADE IDEAAfter USDCAD has been moving in a downtrend, it has paused a bit to retrace to a resistance which touched the trendline and a major level which it was resisting for quite a long time, I am looking forward to selling this currency pair on Monday for a long term trade but I will first have to wait for a good price on lower time-frames...But overall I think it's still continuing with its Bearish trend The MACD supports this The resistance level The Bearish/Downtrend movement The last closing candle on the resistance was a 1D bearish candle, a Bearish pin-bar anyways we never know where the market will head on Monday but all the best if you decide to take this trade
Short
by UnknownUnicorn3740956
USDCADHello Guys Welcome back to another profit week If you like my idea please give me a like and comment, Thats will be a great appreciation to do more predictions Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. USDCAD near to touch the resistant zone there will be a big chance for a sell iff not break the channel Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profit week guys
by Bexi03
The end of the Bears? & The beginning of bulls? $USDCADAfter a series of bears taking over in the past few months one can say we are now nearing at a point where things have to change. However things won't just change at an instant, UsdCad reached the monthly demand not so far ago but it is still hesitant in going to the up side thou logically one would expect it to be. In the past 3 days UC has been dominated by Bears and at the same time Oil was busy on its side creating 2020 months highs. As we all know UC and Oil are negatively correlated and as things seem right now Oil on its side still have some small room to the upside which would mean UC has to go to the opposite direction. Even though things are like this none can confirm as of now that this is 100% accurate therefore the opposite can also occur even if it's for a short while. It won't be long until we get a confirmation which will give us a greenlight as to how things could potentially fair. Right now UC is 60 pips away from breaking the strong monthly demand, until it does that then we shall remain bullish. Fundamentally, there's been roamers that we might come across another Coronavirus wave, if that does happen then we can expect UC to sour while Oil does the opposite. Lemme know what your thoughts are in UC.
Long
by DYongs
USDCAD | Perspective for the new weekWith 102pips in our direction before the reversal on my last publication (see link below for reference purposes); we are at a juncture in the market with a viable opportunity to take advantage of. The Impulse move that begun mid-November 2020 appears to have found a bottom as the rejection of demand level @ CA$1.26500 area continue to gain momentum. Even though the USD/CAD pair came under renewed bearish pressure in the early session on Friday, I continue to see an opportunity to go Long as this Bearish move from my perspective is a corrective move following the successful Breakout of Bearish Trendline. Tendency: Uptrend ( Bullish ) Structure: Reversal pattern | Breakout | Supply & Demand | Double Top Observation: i. A visible Reversal structure is observed as price no longer deems it fit to respect the Bearish Trendline. ii. Breakout of Bearish Trendline during last week trading session is a signal that we might be changing direction in the nearest future. iii. Double Top at CA$1.28820 represent the beginning of the corrective phase of the Impulsive Breakout on the 27th of Jan 2020. iv. I shall be anticipating the exhaustion of the Bearish steam around the Bearish trendline and Demand zone followed by signs of a rally in the following week(s). Trading plan: BUY confirmation with a minimum potential profit of 300 pips. Risk/Reward : 1:3.5 Potential Duration: 5 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. 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
5