Read The USDCAD MarketLet's Looking at USDCAD Chart and Decide to What can we do with the Market in next week, Good luck With Your Trades <3
CADUSD trade ideas
USDCAD View!!The Canadian dollar fell to a two-month low against its U.S. counterpart on Friday as investors continued to weigh chances of the Bank of Canada supersizing its rate cuts after a downbeat business survey offset stronger-than-expected jobs data.
The loonie
USDCAD
was trading 0.2% lower at 1.3760 per U.S. dollar, or 72.67 U.S. cents, after touching its weakest level since Aug. 7 at 1.3783.
USDCAD SHORTSi fancy an opportunity to short the dollar against the Cad. Price went into the weekly fvg followed by a daily liquidity grab. after we get confirmation from the 4hr to go lower, i think it will be a nice shorting opportunity.
usdcadI am waiting for a drop in USDCAD to look for an ABC correction and reach the expected levels to take profits based on these probabilities
ABOUT USDCADMy option about usdcad is more bulish but there’s have retest and that zone is good sell,there is have strong resistance
USD_CAD SHORT FROM RESISTANCE|
✅USD_CAD surged again to retest the resistance of 1.3800
But it is a strong key level
So I think that there is a high chance
That we will see a bearish pullback and a move down
SHORT🔥
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Short USDCADMonthly
H&S on monthly zone. bearish.
Weekly
H&S on weekly on same level as monthly H&S. current shoulder is supported by 2 previous shoulders.
Daily
Impulse followed by slowing down at weekly and monthly zone. TP set at IC. once price reaches that point there will be a trailing TP
4H
Decel on monthly and weekly zone. taking a decel trade based on weekly and monthly zones because the zones are very strong.
Usdcad bear and bull analysis read the caption The USDCAD has been trending to the upside since bottoming on October 2 near 1.3472. The momentum over the last eight trading days has taken the price up to a high of 1.37826. That took the price to the low of the next swing area target between 1.3784 and 1.38036 (going back to April 2024 – see the red numbered circles on the chart below)
EXPECT A PRICE FALLBACK TO A SUPPORT LEVEL!!!USD has been showing strength since last week and price closed at 1.37636 Price broke a previous resistance now turn support. I anticipate a price to fall back to a 1.36715
USD/CAD IDEAS USDCAD is bullish in the long term, but a short-term sell opportunity is approaching. Wait for a pullback and look to buy at support levels while capitalizing on the short-term sell. Sell when RSI and MACD confirm an overbought signal, then buy again after the short-term sell completes.
USD CAD SHORT OPPORTUNITYI recommend keeping a close watch on the technical levels and following the trade with appropriate Take Profit (TP) and Stop Loss (SL). Risk management is crucial, so please adjust your TP and SL based on your risk tolerance and market conditions.
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USD/CAD – Bearish Reversal Ahead?In this investment analysis, we are looking at USD/CAD, which is approaching the completion of a Harmonic Bat pattern, with the potential reversal zone (PRZ) around 1.3785 acting as a significant resistance level. After a strong rally from point C, price is now testing this critical area, suggesting a possible short-term correction or bearish reversal.
The TDGMA indicates that the market is nearing overbought conditions. This adds further weight to the bearish reversal thesis, as historically, price has corrected after reaching such levels of overextension.
1. Sell from Point D (Bearish Reversal)
Rationale: The Bat pattern is known for its reliability in forecasting reversals after reaching point D. With price now facing resistance at 1.38 zone and a nearby downtrend line, the odds favor a bearish reversal. The confluence of resistance and the completion of the pattern strengthen the case for a downside move.
Entry: Sell after pattern confirmation and the appearance of a reversal candlestick near the 1.3785 resistance.
Take Profit (TP): 1.36450 (above key support zone)
Stop Loss (SL): 1.38 (above immediate resistance)
The Bat pattern's completion, coupled with the strong resistance at 1.3785 and the overbought signal from the TDGMA, points to a high probability of a bearish reversal. This makes the short setup from point D a highly reliable and profitable strategy. Watch closely for confirmation before entering!
USDCAD SETUP SHORT FOR NEXT WEEK. After a major climb, I expect to see a retracement in this area.
As always, use your head and correct money management.
USDCAD short pullback needs to happen I THINKHi everyone, so we shorted USDCAD after one of the strongest trends I have seen in a while.
I am ready to be proven wrong again.
Short USDCADIn my technical view market going fall from this point and currency index also showing sell side
today there is event
USDCAD GOING THROUGH THE ROOF (2)Now 's the time !
News CPI for USD today, more impact on currencies than US100
It has followed our large uptrend since 1rst of cotober now ;
it is now looking to push through the purple key level, which is pretty weak and ready to be broken ;
did not break too low tonight, even more ready to blow up
USD/CAD Analysis: Exchange Rate Rises for Seven Consecutive DaysUSD/CAD Analysis: Exchange Rate Rises for Seven Consecutive Days
Data shows that USD/CAD has formed seven consecutive bullish candles since 3 October, and today could mark the eighth in this sequence.
This strong rise in the pair has been driven by the strengthening of the US dollar amid several fundamental factors. Media reports suggest that traders are reassessing the likelihood of further Federal Reserve rate cuts after yesterday’s inflation data release (as reported by Forex Factory):
→ Core Consumer Price Index (CPI) month-on-month: actual = 0.3%, expected = 0.2%, previous = 0.3%;
→ CPI month-on-month: actual = 0.2%, expected = 0.1%, previous = 0.2%;
→ CPI year-on-year: actual = 2.4%, expected = 2.3%, previous = 2.5%.
Market participants may be speculating that the Fed will hold off on further monetary easing. Will the US dollar continue to strengthen against the CAD?
Technical analysis of the 4-hour USD/CAD chart shows that:
→ The RSI indicator remains above 80, a rare occurrence in 2024;
→ The price is nearing the upper boundary of a descending channel (drawn from key reversal points marked by arrows);
→ The price is below the 1.3800 level, which acted as support in August but was broken, suggesting potential resistance.
These technical factors point to the possibility of at least a bearish correction from overbought levels after a 2% rise in USD/CAD from its October low. The long upper wicks on recent candles further support this idea.
Bears may attempt to take control with the release of key news today:
→ 15:30 GMT+3 – Canadian labour market data;
→ 15:30 GMT+3 – US Producer Price Index (PPI) data.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
USDCAD-SELL strategy 12-hourly chartThe pair has moved solidly for a prolonged period of time. Yes, the 2-D AND 3-D charts are very positive for the pair, however, there must be a correctio. We are way overextended on all fronts, and if OIL will move little higher, which is possible, the pair should adjust.
Strategy SELL @ 1.3760-1.3800 and take profit near 1.3687 for now. SL of course based on your own risk appetite.
USDCAD Approaching our sell entry.The USDCAD pair has been rising since the September 25 Low, all inside a 2-year Rectangle pattern of a wide range. The 1D RSI is about to enter the 70.00 overbought zone and every time it has done so within this pattern, a little later it got rejected to at least the 1D MA50 (blue trend-line).
As a result, we will wait until 1.38500 and sell, targeting 1.36000 (which would be a -1.86% decline from the top, the minimum from the group of similar declines) or take the profit if the price hits the 1D MA50 before 1.36000.
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USDCAD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
SELL USDCADIn todays session we are monitoring USDCAD for selling opportunities. Our entries are at current price 1.37552 and our targets at 1.36689 and much much lower. Our stops are at 1.37820. This will be a great opportunity to short the dollar. Use proper risk management.
USD CAD The USD/CAD pair extends the rally to around 1.3745 during the early Asian session on Friday. The hotter-than-expected US inflation data and hawkish comments by Federal Reserve officials provide some support to the Greenback ahead of the US September Producer Price Index and Canadian job data.
USD/CAD extends upside to near 1.3750 ahead of US PPI, Canadian job report
Confirm chart
USDCAD h4 | Bullish Reversal Based on the H4 chart analysis, we can see that the price is falling toward our buy entry at 1.3703, which is an overlap support.
Our take profit will be at 1.3804, a pullback resistance close to the 161.8% Fibo extension
The stop loss will be placed at 1.3635, which is a pullback support level.
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