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Usdcadsignals

USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS- The EXISTING HOME SALES DATA for USD is due out today. CPI DATA for CAD will also be released. It's a very HIGH IMPACT NEWS. So USDCAD VOLATILE can be for this reason. - DXY currently stands at 100.738 LEVEL. USD has become STRONG in the last few days. Yesterday BUILDING PERMITS DATA caused USD STRONG. Also, the CAD FEATURE is slightly up to 0.7943 LEVEL. However, CAD is becoming STRONG relative to DXY due to OIL UP. But today's CAD CPI DATA will definitely move the USDCAD PRICE to DYNAMIC S / R LEVELS. - Currently the SENTIMENT of the OVERALL MARKET is being POSITIVE. Yesterday a RISK ON TONE was PLAY. STOCKS Somewhat showing a NEUTRAL BIAS at the moment. And VOLATILITY is DOWN. Also COMMODITIES still shows a DOWN SIDE BIAS. There is a NEUTRAL BIAS currently on the market. It's a bit more than the UP SIDE BIAS. We can not say for sure whether the MARKET SENTIMENT is UP or DOWN. But according to the data we have received so far we can say that MARKETS RISK is turning ON. - OIL PRICE is currently down a bit. It will inevitably affect CAD. But TECHNICALLY USDCAD can go to the SELL a bit faster in the next few days because a SUPPORT has a PRICE and RISK ON. - USDCAD PRICE can be DOWN to 1.2526 LEVEL before UP. Then the USDCAD PRICE can be UP again up to 1.2685 LEVEL. The USD may be slightly WEAK in the coming days due to the MARKET SENTIMENT. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD.
by benny_marshall
USDCAD Clear Channel Down until its invalidatedTime to update my USDCAD outlook made a month ago: As you see the Channel Down eventually prevailed and the divergence was created as the condition I set (breaking the dashed Lower Highs trend-line) was not fulfilled. The price is now testing the 1D MA50 (blue trend-line). A break above still has to overcome the top (Lower Highs) trend-line of the Channel Down. The RSI is also under Lower Highs pressure. A rejection there or on the 1D MA50, will extend the Channel Down pattern and the natural target will be the 1.22875 October 21 Low, currently the Support. A break above the Channel Down will be enough to restore the bullish trend on the long-term horizon, targeting the 1.33880 Resistance (October 29 2020 High). -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Short
by TradingShot
2
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS⛔️ USD does not have such important indicator data to release today. But the most important LABOR DATA for CAD is due out today. It will be released during the NEWYORK SESSION. Most likely it will be POSITIVE. We are waiting. ⛔️ DXY is currently at 98.83 LEVEL. USD has been WEAK for the last few days. But after the FOMC, the USD got a slight POSITIVE SENTIMENT. Also, the CAD FEATURE is down to 0.7946 LEVEL. However, CAD is becoming WEAK relative to DXY due to being OIL DOWN. The USDCAD PRICE looks like it's moving towards DYNAMIC S / R LEVELS. ⛔️ Currently the SENTIMENT of the OVERALL MARKET is being POSITIVE. Also, even though the EQUITIES are turning a bit red, we are not affected by the VOLATILITY DOWN. Also COMMODITIES still shows a UP SIDE BIAS. There is a NEUTRAL BIAS currently on the market. We can not say for sure whether the MARKET SENTIMENT is UP or DOWN. But according to the data we have received so far we can say that MARKETS RISK is turning ON. ⛔️ OIL PRICE is currently down a bit. It will inevitably affect CAD. But the TECHNICALLY USDCAD can go to the SELL a bit faster in the next few days because a RESISTANCE has a PRICE and is RISK ON. ⛔️ USDCAD PRICE can be UP to LEVEL 1.2656 before DOWN. Then the USDCAD PRICE can be down again up to 1.2415 LEVEL. The USD could be a bit WEAK in the coming days due to the MARKET SENTIMENT. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD.
by benny_marshall
USDCAD - OIL , U.S ECONOMIC DATA WITH TECHNICAL LEVELS- Some of the most important data for USD will be released this week. Among them, JOLTS job openings, CB consumer confidence, ADP - non farm employment change, FINAL GDP q / q, crude oil inventories, Core pce price index, ism manufacturing index, NFP are the most important DATA. - The OPEC MEETING is scheduled for this week. Also important indicator data for CAD, GDP, MANUFACTURING PMI, is due to be released this Friday. - DXY is currently at 97.85 LEVEL. USD has been WEAK for the last few days. Also, the CAD FEATURE has been down to 0.7986 LEVEL. However, CAD is becoming WEAK compared to DXY due to OIL WEAKNESS. USDCAD PRICE is TUCHING IN DYNAMIC S / R LEVELS. - Currently we see the OVERALL MARKET RISK OFF. Also STOKES are getting RED. VIX UP is becoming. Also COMMODITIES are starting to DOWN right now. - OIL PRICE is currently down a bit. It will inevitably affect CAD. If so, USDCAD could be moving to the BUY in the next few days. - USDCAD PRICE can go to 1.2466 LEVEL before UP. Then the USDCAD PRICE can be UP again up to 1.2656 LEVEL. The USD may be slightly STRONG in the coming days due to the MARKET SENTIMENT. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD.
by benny_marshall
USDCAD | Live position reviewQuick one! I have come to notice the indecision phase that is currently emanating from a demand zone around 1.26 area which has a strong memory for buying power. And this phase appears to be evolving into what looks like a reversal structure as the price continues to reject 1.25750 (3 times). Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks 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 Channel Up but divergence may be created.The USDCAD pair has been trading within a Channel Up since the June 01 2021 Low (which was also the market bottom). However, since the December 20 2021 High, it hasn't delivered a Higher High. In fact the December 20 High made a Double Top with the August 20 High, creating the current Resistance. This has created a new bearish sequence within the Channel Up and even though the price is supported on the 1D MA200 (orange trend-line), the longer it fails to break above the 1.29000 Lower High, the more likely it is to test the 1.22875 October 21 Low (which was a Higher Low on the Channel Up and current Support). On the other hand, a break above the 1.2900 Lower High, restores the long-term bullish sentiment and will target the 1.33880 (October 29 2020) High. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
4
There's a possibility of USDCAD going lower this weekUSDCAD has bounced up from the diagonal support of the rising channel on Friday. Within the channel I see a head and shoulders pattern on lower timeframe. There's a possibility that USDCAD will fall the coming week. I am interested in seeing price testing the broken neckline of the head and shoulders and see if there will be some sort of rejections around the area for a possible short position. If it does fall, I will target 1.23211. Please support my ideas with likes if you find this helpful. Thanks
Short
by Forexintelligence_NA
2
USCAD Entries + Exits With My Trading Strategy!The NEW 1ON1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately. All likes/comments and feedback are very much appreciated! How to play my chart: Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there. The same exact thing goes for resistance sell/break plays!
by ExclusivelyFX
USDCAD Buy/Sell + Exit TradesThe ENTRY/TP zones are your entries as well as your exits. Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break. Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule. More info on the strategy and how to play it: How To Play The Chart Entries/Exits: Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat. All likes/comments and feedback are very much appreciated! Thank you to all of those who support me on a weekly basis, it really does mean a ton to me!
by ExclusivelyFX
1
USDCAD 2022 will be a very bullish year for the pairAs the title suggests, I expect USDCAD to be bullish for 2022. The reason is the fractal (on this 1W time-frame) from 2017 - 2018 that the pair appears to be replicating. As you see this market follows strict Support and Resistance levels, easily recognizable on the long-term scale. The Multi-year Market Top of 1.4700 held during the COVID stock-market melt-down of March 2020 and as the 1.2000 level supported on a symmetrical scale, it appears that USDCAD is forming a symmetrical Channel Up to that of 2018. The natural technical target for 2022 is 1.36000. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
3
USDCAD Entries + Exits! REVERSE IS SECURED IF PLAYED CORRECTLYThe ENTRY/TP zones are your entries as well as your exits. Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break. Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule. More info on the strategy and how to play it: How To Play The Chart Entries/Exits: Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat. All likes/comments and feedback are very much appreciated! Thank you to all of those who support me on a weekly basis, it really does mean a ton to me!
by ExclusivelyFX
4