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Canadian Dollar / U.S. Dollar

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USDCAD Analysis - Bullish - Trade 041. Seasonality The CAD is bullish during the first week of December, while the USD exhibits bearish momentum. This combination suggests a bearish outlook for USDCAD based on seasonality. 2. COT Report The COT report for the CAD suggests a sell. On the other hand, the COT report for the USD suggests a buy, indicating increasing strength for the USD. This could provide upward pressure on USDCAD. 3. Fundamental Analysis LEI The USDCAD LEI is increasing, which signals potential strength for the USD and could favor upward movement in USDCAD. Endogenous Factors The endogenous factors for the USD are increasing, suggesting bullish momentum for the USD, while the CAD's endogenous factors show weakness, further supporting a potential rise in USDCAD. Exogenous Factors Exogenous indicators for USDCAD show a decreasing trend, suggesting some resistance to further bullish momentum, which could limit the upside potential of USDCAD. 4. Technical Analysis USDCAD is forming an ABCD pattern, with the C point retracement at the 0.79 Fibonacci level. Bias The combined analysis suggests a bullish bias for USDCAD Trade Plan Entry: 1.40481 SL: 1.39756 TP: 1.41206
Long
by asadamalik
USDCAD Bulls Eye 1.4140 Amid Momentum ShiftHello Traders, Take a moment to read my outlook on USDCAD, and share your thoughts Overview USDCAD is currently trading at 1.40623, showing bullish trends on both the H4 and H1 timeframes. However, the bullish momentum on the H4 appears to be weakening, suggesting the uptrend may be nearing a potential reversal zone. Market sentiment remains bullish, supported by increased volatility, but momentum on the H1 timeframe has noticeably decreased, signaling reduced upward strength. Idea The pair is expected to continue its rise toward the 1.4140 price region, a key resistance level with the potential to halt further upward movement and trigger a bearish reversal. Price action is currently rejecting off the H1 order block, which could act as a short-term support level. I will monitor the 1.39797 level closely, as a break below this support would invalidate the bullish outlook, signaling a potential shift in market structure. Conversely, a sustained move above the 1.4140 resistance would indicate renewed bullish momentum and the possibility of further gains. Conclusion This outlook suggests further upside potential toward 1.4140 which is about 80pips move. However, a clear break below 1.39797 would invalidate this idea, and could provide opportunities for short positions. Cheers and happy trading!
Long
by Samuel124
1
USD/CAD AnalysisFX:USDCAD A comprehensive analysis of the USD/CAD pair, which also brought a potential trade. Of course, everything will continue to depend on the fundamentals, as the market is currently moving in the range of the last H and L for some time. We could see great momentum, and breaking through the resistance, which the market could come to test, as fibbo levels are also found at this level. Overall, I will be interested in the pair if it starts moving around the 1.41000 price.
Long
by Kozelnicky
USDCAD - Correction or Bull Breakout?20SMA - Blue 200SMA - Pink Key Confluence Areas - Grey Lines Market Structure Support/Resistance - Green/Red Dashed Lines Dear Friends: If you find my analysis helpful, please boost and follow me for future analysis at your service. How I see it: Strong engulfing 1D candle closed within the confluence zone. Price could wiggle around trying to correct downwards. Or just breakout through confluence and test now resistance as a new support. Both SMA's is slowly rising. Keynote! For fundamental/political reasons, I strongly believe a bullish continuation is a high probability. I deeply appreciate you taking the time to study my analysis and point of view.
Long
by ANROC
USDCADTHIS ANALYSIS FOR "USDCAD" ON MULTIPLE TIME FRAME. - What we can see on daily timeframe price already breakout on significant resistance, - Wait price pullback on the zone - Can follow my TP target or can close profit when you feel enough. - Can set you SL between 25 - 35 Pips with you own risk. - If price break nerewst trendline we just wait price come to trendline then we BUY. All the best !!! If you want more update on USDCAD. Kindly follow and like. Feel free to comment my outlook and share with your friends. Thanks!
by ShahrulMokhtar_SAM
USD/CAD Buy SwingTradeReasons to Enter the Trade: Trendline and Fibonacci Confluence: The price is respecting a strong upward trendline. The 61.8% Fibonacci retracement level aligns with the trendline, providing strong confluence for a potential reversal. Stochastic Oversold: The stochastic oscillator indicates a potential upward reversal as it climbs from an oversold region. Risk-Reward Opportunity: The chart shows a decent risk-reward setup, with a target near the 0% Fib level (1.4180) and a stop-loss below 1.3925. If this provides at least a 2:1 reward-to-risk ratio, it's a good trade to consider. Structure Holding: There’s no significant break below the critical structure levels, suggesting the bullish bias is intact.
Long
by LogicalTraders
2
USDCAD Wave Analysis 5 December 2024 - USDCAD reversed from pivotal resistance level 1.4080 - Likely to fall to support level 1.3990 USDCAD currency pair today reversed down from the pivotal resistance level 1.4080 (which has been reversing the pair from the start of November) standing near the upper daily Bollinger Band. The latest downward reversal from resistance level 1.4080 is the 5th consecutive failed attempt to break above this level – which signals its strength. USDCAD currency pair can be expected to fall toward the next support level 1.3990 (low of the previous minor correction from the end of last month).
Short
by FxProGlobal