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USD/CAD Sell - 15 minsTrading Idea: USD/CAD Sell Setup Trade Overview: Entry Zone: Near 1.42500 Take Profit (TP): 1.42100 (Key Support Zone) Stop Loss (SL): 1.42738 (Above Resistance) Risk-to-Reward Ratio: ~2.5:1 Technical Analysis: Head and Shoulders Pattern: The chart highlights a clear Head and Shoulders reversal pattern, with the right shoulder forming near the 1.42500 resistance zone. This is a strong bearish signal, indicating a potential shift in momentum to the downside. Rising Wedge Breakout: Price is showing signs of breaking down from a Rising Wedge, a bearish continuation pattern. Bearish candlesticks indicate selling pressure building near the resistance. Key Resistance Zone: The 1.42500–1.42700 area has acted as a strong ceiling for price, resulting in multiple rejections. Sellers have shown dominance at this level, reinforcing the bearish bias. Target Support: The TP at 1.42100 aligns with a prior support level and demand zone, making it a logical target for the move.
Short
by tamrobert20
USDCAD Wave Analysis 16 December 2024 - USDCAD reversed from support zone - Likely to rise to resistance level 1.4300 USDCAD currency pair recently reversed up pivotal support level 1.4140, former resistance level which reversed the price sharply at the end of November. The upward reversal from the support level 1.4140 started the active impulse wave 5 of the higher order impulse wave (3) from September. Given the clear daily uptrend, USDCAD currency pair can be expected to rise further to the next resistance level 1.4300.
Long
by FxProGlobal
USD/CAD Riding the Ascending ChannelChart Analysis: The USD/CAD pair continues to trade within a well-defined ascending channel (blue-shaded area), reflecting sustained bullish momentum. 1️⃣ Ascending Channel: The pair is trading near the upper boundary of the channel, indicating strong upward momentum. Traders may watch for reactions at this level for potential continuation or minor pullbacks to the channel’s midline or lower boundary. 2️⃣ Key Resistance Level: The horizontal level at 1.3977 (pink line) represents a significant historical resistance area. A sustained breakout above this level has reinforced the bullish outlook. 3️⃣ Moving Averages: 50-day SMA (blue): Rising and acting as dynamic support near 1.3952. 200-day SMA (red): Sloping upward around 1.3723, confirming a longer-term bullish trend. 4️⃣ Momentum Indicators: RSI: Hovering near 71, reflecting strong momentum but also signaling overbought conditions. MACD: Bullish momentum remains intact as the MACD line stays above zero and trends upward. What to Watch: Price reaction at the upper channel boundary for signs of continuation or a corrective pullback. Any retracement towards the 50-day SMA or channel’s lower trendline could be closely monitored. RSI may warrant attention for any potential bearish divergence if momentum weakens. USD/CAD remains firmly within a bullish structure, supported by rising moving averages and strong momentum. The ascending channel provides a clear technical framework to follow. -MW
by FOREXcom
USDCAD - Long after filling the imbalances !!Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. My point of interest is if price fills the imbalance lower and then rejects from bullish OB. Fundamental news: On Tuesday (GMT+2) we will see results of CPI on CAD and on Wednesday Interest Rate on USD, followed by FOMC Conference. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
USDCAD BUY | Idea Trading AnalysisUSDCAD is moving UP The chart broke through the dynamic resistance, which now acts as support. We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity USDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Long
by TheGrove
11
USDCAD, Breakout or fake fakeout? USDCAD / 1D Hello Traders, welcome back to another market breakdown. The market shows strong bullish momentum, breaking through key resistance levels and signaling a potential continuation to the upside. However, The price is rejecting the Previous all-time high. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the breakout zone for a more strategic entry. If the pullback holds and buying confirms, the next leg higher could target: First Resistance: Immediate levels formed during prior consolidation. Stay disciplined, wait for the market to come to you, and trade with confidence! Trade safely, Trader Leo.
Long
by BTM-LEO
10
USDCAD, Breakout and follow throughUSDCAD / 1D Hello Traders, welcome back to another market breakdown. The market shows strong bullish momentum, breaking through key resistance levels and signaling a potential continuation to the upside. However, The price is rejecting the Previous all-time high. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the breakout zone for a more strategic entry. If the pullback holds and buying confirms, the next leg higher could target: First Resistance: Immediate levels formed during prior consolidation. Stay disciplined, wait for the market to come to you, and trade with confidence! Trade safely, Trader Leo.
Long
by BTM-LEO
7
USD/CAD H1 | Potential bullish bounceUSD/CAD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.4209 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 1.4171 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at 1.4285 which is a level that aligns with the 61.8% Fibonacci projection level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
Market Analysis: USD/CAD Builds on GainsMarket Analysis: USD/CAD Builds on Gains USD/CAD is rising and might aim for more gains above the 1.4245 resistance. Important Takeaways for USD/CAD Analysis Today - USD/CAD is showing positive signs above the 1.4200 support zone. - There is a contracting triangle forming with resistance at 1.4245 on the hourly chart at FXOpen. USD/CAD Technical Analysis On the hourly chart of USD/CAD at FXOpen, the pair formed a strong support base above the 1.4100 level. The US Dollar started a fresh increase above the 1.4165 resistance against the Canadian Dollar. The bulls pushed the pair above the 1.4200 and 1.4215 levels. The pair cleared the 50-hour simple moving average and climbed above 1.4240. A high was formed at 1.4245 and the pair recently corrected some gains. There was a move toward the 23.6% Fib retracement level of the upward move from the 1.4119 swing low to the 1.4245 high. Initial support is near the 1.4215 level. The next major support is near the 1.4195 level. The main support sits near the 1.4165 zone on the same USD/CAD chart. It is close to the 61.8% Fib retracement level of the upward move from the 1.4119 swing low to the 1.4245 high. A downside break below the 1.4165 level could push the pair further lower. The next major support is near the 1.4120 support zone, below which the pair might visit 1.4050. If there is another increase, the pair might face resistance near the 1.4245 level. A clear upside break above 1.4245 could start another steady increase. The next major resistance is the 1.4320 level. A close above the 1.4320 level might send the pair toward the 1.4365 level. Any more gains could open the doors for a test of the 1.4420 level. 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.
by FXOpen
USDCAD - Possible Outcomes20SMA - Blue 200SMA - Pink Key Confluence Areas - Grey Lines Market Structure Support/Resistance - Green/Red Dashed Lines Dear Friends: (Away from charts) It will be prudent to give your mind, body and soul a good rest, to recharge for the new upcoming exciting year! How I see it: Strong weekly bullish close. In case of a correction, Can support hold for bullish continuation? Keynote! Alot of data this week. Trade safe as the year is coming to an end. I deeply appreciate you taking the time to study my analysis and point of view.
by ANROC
USDCAD Elliott Wave AnalysisHello friends In the previous analysis of the currency pair USDCAD, we expected the price to grow and also specified the profit-taking range. Now, if you took your profit at the desired point and exited the trade, you can enter the buy trade again to reach a higher target. The reason for this is the formation of microwaves 1 to 4 of the main wave 5, and currently it is appropriate to enter the buy trade to catch the price growth in the main wave 5 of 5. The stop loss is at 1.3965. And the profit limit is at 1.4200. To support me, I recommend that you install the Trading View application on your phone and see my analyzes and support me with your comments and Boost. Be successful and profitable.
Long
by M_Gheysvandi
USDCAD : Approaching the Historical Resistance of 1.43 Following the breakout of the 1.39 historical resistance and a pullback near this level, as noted in the previous analysis, the pair has continued to rise. On this time frame, the price is approaching the key 1.43 resistance, last touched on March 31, 2020. The reaction to this level will largely depend on dollar movements and the outcomes of the U.S. Federal Reserve meeting. If this level is broken, further growth toward the marked supply zone can be anticipated.
by UtoForex