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Usdcadsignal

Long $USDCAD above 1.3300Hello Sophisticated Trader, Our last analysis was over 300+ in gains, now the USDCAD has found some support and is due for a bounce. Currently, closing back above1.3400 suggests a potential test of 1.3500 and a potential test of 1.3700, oversold conditions also support this and only a close below 1.3330 would negate this bounce. Like, Comment, and Follow. Let's Make Money Together! Happy Trading! Dr. Lydia Smith Where we teach you what you need to know to be a profitable trader.
Long
by DrLydia
USDCAD | WEEKLY PERSPECTIVEAs the USD dropped to its lowest level since early June 2020, the price has moved over 150pips in our direction since my last publication on this pair (see link below for reference purposes). Its been a rough week for the Greenback as it breaks my Key level I @ 1.35000 to sit at the bottom of Bearish Trendline @ 1.33500 area as I anticipate a further Breakdown of this level as a confirmation. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Support & Resistance | Trendline Observation: i. Breakdown and Retest into my Key suggest a further decline of the USD in the following week(s). ii. Price action is back and consolidating at the region it was in early June 2020 with open possibilities for either a Bullish or Bearish option. iii. It is also worth noting here that price closed @ 1.33500 (about 26pips below where it closed at in early June 2020 -Key level II) suggesting an increase in Selling power at this juncture in the market. Trading plan: SELL confirmation with a minimum potential profit of 260 pips. Risk/Reward: 1:3 Potential Duration: 4 to 15 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex 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 long/buy idea, almost 75 pips move...In the name of ALLAH who is most merciful and the master... I strictly take trading as a business, not a gambling stuff. I have calculated approximate risk to reward ratio on every single trade with predefined profit/loss levels. Please note: -> Never go beyond 1.5% risk of your total trading capital on a single trade, -> Always move your stops to your entry levels after the price moves 26 pips towards target, -> Always close 71% of your trade position after market makes half movement towards target. Every one has a right to earn a lot of money, but it can only be done by following the rules and principles very strictly!!! REMEMBER: I practice patience in trading. NO EMOTIONS. NO GREED. NO FEAR at all... that's how I do this business... My Risk to Reward Ratio is usually more than 1:3 therefore if I loose a trade, I loose small capital... But when I win, I win really really big... Day after day... Weak after weak... I GROW... --------------------- REQUEST: Please take out some proportion of money from your profits and donate to the poor people...
Long
by WaqqasAsim
USDCAD: Target towards 1.3200 Until Below 1.3750USDCAD is moving downwards perfectly in the bearish channel Following hints are good enough to support the bearish trade idea: 1. MACD is forming a hidden bearish divergence to continue lower. 2. The most recent rising trendline within the bearish channel is broken lower with a successful retest as the resistance. 3. 4 out of the 5 legs impulsive structure are completed and the target for the last leg is derived from the confluence of the prior leg's Fibo Extn.s at 1.3200 Invalidation of the bearish trade idea would be the break above 1.3750 GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
Short
by moneytize
USDCAD | WEEKLY FORECASTAs the Greenback appears to be losing steam across major pairs; A Breakdown of our Key level (1.35500) last week is a significant Bearish signal for us. Tendency: Downtrend ( Bearish ) Structure: Break-down | Support & Resistance Observation: i. . 786 retracement of the most recent Bearish Impulse leg culminates at 1.37000 followed by a Bearish momentum. ii. The Bearish momentum which started last week finally breaks our key level @ 1.35500 which also coincides with a Breakdown of our Bullish Trend . iii . Expecting a further rally to the downside in the following week(s) with a 1.414 extension target. Trading plan: SELL confirmation with a minimum potential profit of 350 pips. Risk/Reward: 1:3 Potential Duration: 4 to 8 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Nirvana! Forex 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 byme for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and NFTI takes 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. NFT&I does 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
USDCAD signal (LONG)Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: market targets: 1.375 - 1.382 - 1.389 after first target reached move ur stop to breakeven stop: ~1.35 (depending of ur risk). ALWAYS follow ur RM . Good luck Follow me on TRADING View, if you don't want to miss my next analysis or signals. Good luck. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate. Open to your questions or suggestions(PM to me).
Long
by trytofeelpositive