usdcadAccording to the strategy I used, USDCAD fulfilled all the rules and I set the SL to be 5pips and the TP to be 30 pips.
CADUSD trade ideas
Falling towards the 38.2% Fibonacci support?The Loonie (USD/CAD) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 1.3850
1st Support: 1.3649
1st Resistance: 1.4000
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USDCAD H1 | Bearish ReversalBased on the H1 chart analysis, we can see that the price is rising toward our sell entry at 1.3972, which is a pullback resistance and a 50% Fibonacci retracement.
Our take profit will be at 1.3930, a swing low support level.
The stop loss will be at 1.4020, a swing high resistance level.
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CANADIAN DOLLAR M15 OUTLOOK OUTLOOK :
bearish outlook in usdcad but we are trying to find a bearish scenario in market with confirmation , market is at the daily support , so we gonna try for sell opportunity .
TECHNICAL ANALYSIS :
technically , usdcad in chart we can see RSI indicator shows the fully bearish look in the market , however Bollinger bands shows also bearish trend so trying sell is better.
SNR :
key support levels for usdcad are at 139350 and 139563 and the resistance levels 140214 .
TRADING STRATEGY :
based on our analysis , we recommend a short positin in usdcad so be careful this market if wanna make money you have to use your money management and control your emotions , we always trade smarter .
BEST WISHES TOM 😎
USDCADIf this pair shows some significant move from this support zone, I will look for buys, otherwise, I am setting an order in the consolidation zone (gray box) for a tp 2
USDCAD BUYING OPPORTUNITYAll things considered, fundamentals are in favour of USDCAD purchases, and the 2H OB PRINTED IS A STRONG POTENTIAL START OF THE BULLISH TREND.
If the validation entry patterns are in the zone, I use Apperar.
USDCAD Pattern FormationThis price has been forming a ranging market for the past few years, until it broke out of the channel 2 weeks ago.
I anticipate that this pair might retest the support zone before proceeding with the bullish run.
An analysis will follow using a shorter time frame to confirm our entry.
USDCAD BULLISH MOMENTOMOverview
Currency Pair: USD/CAD
Timeframe: 4-hour chart
Current Price: 1.38372 USD/CAD (with a slight decrease of 0.00038 or -0.03%)
Key Levels
Buy Stop: 1.40400
Stop Loss (SL): 1.38874
Take Profit (TP): 1.41532
The chart shows a recent downward movement, indicating a bearish trend. This decline is evident from the current price of 1.38372.
Stop Loss (SL) at 1.38874 acts as a critical support level. If the price drops below this, it could indicate further downside movement.
Low Price: 1.35686 provides a historical support level.
Take Profit (TP) at 1.41532 is the immediate resistance level. If the price reaches this level, it indicates potential selling pressure.
High Price: 1.41058 is another significant resistance level.
Consider entering a buy position near the Buy Stop level of 1.40400. This level is strategically placed above the current price, indicating a potential upward breakout.
Monitor for bullish candlestick patterns (e.g., hammer, bullish engulfing) near this level to confirm the buy entry.
increased trading volume near the buy stop and take profit levels can confirm strong buying or selling interest.
idea on for next week.USD/CAD ticks down after the Canadian Retail Sales data came in line with expectations and the prior release.
Steady Canadian Retail Sales growth would weigh on BoC's large rate-cut bets.
Investors await the flash US S&P Global PMI data for November.
The USD/CAD pair surrenders its entire intraday gains and ticks down as the Canadian Retail Sales data grew steadily in September and the US Dollar (USD) gives up a majority of its intraday gains after refreshing a two-year high.
Statistics Canada showed that Retail Sales, a key measure of consumer spending that drives inflation, rose by 0.4%, in line with estimates for the month. Steady sales were driven by higher spending on food and beverages, while sales receipts at gasoline stations were lower. Steady growth in the consumer spending measure is expected to weigh on market expectations that the Bank of Canada (BoC) will cut interest rates consecutively for the second time by 50 basis points (bps).
USDCADUSD CAD still showing a lot of bullish strength .
By closing and holding above 1.41000 we going to marked targets .
watch the reaction at each level .
USDCAD I In correction and more growth to comeWelcome back! Let me know your thoughts in the comments!
** USDCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
USDCADHello
going into next week I'm looking at Buys for USDCAD, reason for being we have finally broken resistance on the weekly timeframe had a clean pullback and rejected on the daily timeframe, dropping down to 4H timeframe a clear CHoCH waiting for a pullback to Oder block will enter on lower timeframe.
make sure to do your own research !!!
have a good week Traders
USDCAD TRADE RECAPThis is the description of the trade that we took last week! It was one among the best trades. I hope by watching this video you will get useful insights for your trading! Wishing all the best traders!
USDCAD View Looking for the buy at the level 1.395 with reversal till 1.405 level.
Expecting the retracement or pullback till 1.39 and then to 1.382.
Chart is shared only for the educational purpose only.
Trade with own risk.
USDCAD Under Pressure! SELL!
My dear subscribers,
This is my opinion on the USDCAD next move:
The instrument tests an important psychological level 1.3989
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.3975
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
USDCAD, Bullish Rectangle BreakoutBreakout Of Weekly Rectangle
Breakout Retest
Healthy retracement of 61.8% fib completed
Towards new high Formation
1.Buy @ CMP
SL below Weekly Resistance
Target 1:4
USDCAD Set to Test 1.39481 SupportHello,
For confirmation of further downside, FX:USDCAD needs to break and sustain below the 1.39481 level.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
USD/CAD poised to resume higher after bouncing off trend supportFollowing today's stronger Canadian retail sales report, with headline sales coming in at +0.9% m/m vs. +0.3% expected, the Canadian dollar initially strengthened slightly. But later on we saw the US flash Services PMI come in well ahead of expectations at 57.0 vs. 55.2 eyed and 55.0 last. Though UoM Consumer Sentiment got revised lower unexpectedly to 71.8 from 73.0, this failed to weigh much on the dollar. The result? The USD/CAD managed to hold the support trend line and key support in the 1.3950-1.3970 zone.
As a result, we could see the USD/CAD drift higher, aligning itself with other dollar pairs (e.g., EURUSD which has broken down sharply today).
By Fawad Razaqzada, market analyst with FOREX.com
USDCADStill bullish for usdcad holiding till break of structure of resistance any feedback will be appreciated
ENTRY 1.39669
tp 1 - 1.40310
tp 2 - 1.40528
