$USDCADOn the daily timeframe, there seems to be a volume divergence near the current price level. Looking for price to retrace towards the target levels listed on the chart.
CADUSD trade ideas
USDCAD: Excellent short term buy opportunity.USDCAD is heavily bullish on its 1D technical outlook (RSI = 67.681, MACD = 0.007, ADX = 22.105) as it trades inside a Channel Up, supported by the 4H MA50. The 4H MACD is forming a Bullish Cross and in the past 2 months this has been a strong bullish signal. In line with the previous bullish waves, we are aiming for a +2.60% rise from the bottom (TP = 1.42850).
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USDCAD H4 | Bearish Drop?Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 1.4242, a resistance that aligns with the 161.8% Fibonacci extension
Our take profit will be at 1.4185, a pullback support.
The stop loss will be placed at 1.4265, which is a swing-high resistance.
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USDCAD Correction ImminentHello,
FX:USDCAD has reached a new high. Once sufficient resistance is established, a decline is anticipated. The initial test will be the monthly pivot point (1M PP) and the subsequent support structure. A break below this support would confirm further downside potential.
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TradeWithTheTrend3344
USD/CAD 4hr Timeframe AnalysisUSD/CAD 4hr Timeframe Analysis
Trend Analysis:
In the 4H timeframe, USD/CAD is in a strong uptrend, creating higher highs and lows. The price has broken through two minor key resistance levels, demonstrating its bullish momentum.
Key Observations:
The price has retested the previous resistance level, which has now become a minor support zone.
After retesting, the price moved up again, creating a new high and starting to accumulate buy orders above the highest key resistance level at 1.41600.
The price has now entered the manipulation stage, where it is likely to attract more buyers and create a liquidity zone.
Price Action Expectation:
Our objective is to wait for the price to return to the key resistance level and break out again. We expect the price to continue its upward momentum and reach new highs.
Trade Setup: Buy Stop
Entry: 1.41660 (above the highest key resistance level)
Stop Loss: 1.41320 (below the liquidity zone)
Take Profit: 1.42680 (next minor key resistance)
Fundamental Analysis
The broader market sentiment remains on balance after the US CPI inflation figures matched market expectations on Wednesday. The US Consumer Price Index (CPI) rose to 2.7% year-over-year in November from 2.6% in October, meeting market expectations. The headline CPI reported a 0.3% reading MoM, in line with the market consensus. Meanwhile, the core CPI, excluding volatile food and energy prices, climbed 3.3% YoY, while the core CPI increased 0.3% MoM in November, as expected.
USD-CAD Bullish Breakout! Buy!
Hello,Traders!
USD-CAD is trading in a
Strong uptrend and the
pair made a breakout of
The key horizontal level
Of 1.4180 and the breakout
Is confirmed so we are
Bullish biased and we will
Be expecting a further
Bullish move up
Buy!
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Bearish drop?The Loonie (USD/CAD) is reacting off the pivot and could drop from this level to the 61.8% Fibonacci support.
Pivot: 1.4244
1st Support: 1.4177
1st Resistance: 1.4288
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USDCAD Trade Idea👀 👉 USDCAD has shown impressive momentum, rebounding strongly from a key support level. Im looking for a long entry targeting the previous highs as shown in the chart 📢 *Disclaimer: This content does not constitute financial advice.
USDCAD | 11.12.2024SELL 1.41850 | STOP 1.42400 | TAKE 1.41000 | Pattern correction from local maximum price range.
#USDCAD 4HUSDCAD 4-Hour Analysis
The USDCAD pair is forming a wedge pattern on the 4-hour chart, with price action showing signs of bearish pressure near the resistance area. Additionally, a sell engulfing candlestick has appeared, reinforcing the likelihood of a downside move. This confluence of bearish signals provides a potential sell opportunity.
Technical Outlook:
Pattern: Wedge and Sell Engulfing Area
Forecast: Bearish (Sell Opportunity)
Entry Strategy: Enter a sell position upon confirmation of continued bearish momentum, such as a break below the wedge's lower boundary.
Traders should watch for additional confirmation through bearish indicators like RSI showing overbought conditions or MACD signaling a bearish crossover. Implement proper risk management by placing stop-loss orders above the sell engulfing area and targeting key support zones below the wedge.
USD/CAD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
The BB upper band is nearby so USD-CAD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.405.
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USDCAD SELLusdcad sell stop, placed at the breakout of the 15min support on which we place sell stop order. as the usdcad is countinuously bullish and there is a little retracement is pending so its time to sell the pair , and we hope this setup will perform as we mentioned inshallhaa
USDCAD likely to go long!!USDCAD shows a strong tendency to move higher. There is a significant possibility of finding support around the 1.4155 level, after which the pair is likely to rise further toward 1.42554.
USDCAD 1 Hour H&S. Strong divergence / ShortNice H&S setup. Waiting for a break and close and a retest of the neckline. back down to a strong support level.
correctionIt is expected that the correction trend will form up to the specified support range. Then, given the price behavior in this range, there is a possibility of the beginning of the upward trend
CADUSD - SHORT ENTRY 1- Series of LH and LL
2- Market is in consolidation phase
3- market, if breaks the consolidation phase, will most likely test weekly support level
buy cad from pivotprice in up trend now on a pivot could be good setup but looking for more confirmation
USDCAD - Short + medium term direction predictionHigher Timeframe trend = Buy
Retail trader bias = Sell
Institutional bias = Buy
Short term target = retail trader stoploss zone
I would like to clarify that I dont trade with extended targets like the secondary and tertiary ones marked. This might be handy for people who leave runners on their trades.
Also keep in mind that I am only providing my own SUBJECTIVE potential target levels here. The best thing to do would be to drop down to lower timeframes and look for good areas of value to enter that are part of your own plan.
S : 10
C : 56,44 - 9-91
R : 28-72
USDCADTHE USDCAD will keep bullish path, on Monday Canadian GDP m/m,IPPI(industrial product price index m/m and RMPI m/m(Raw material price index data print will be on the desk to provide currency strength for Canadian dollar
USD bullish potential on hawkish fed bet will keep us buying and stay long.
on technical analysis ,the weekly descending trendline breakout further confirm buy position of USDCAD ,PRICE upswing will move to retest the broken ascending weekly trendline .
usdcad---buythe own news is not important....so the pepole`s reaction to the news is very important.
context is important also with candle stick pattern.
who has the profit now with usdcad? Buyers. so go with them
Commodity currencies are struggling | FX ResearchThe commodity block currencies have been hit hard of late and are once again extending declines to multi-month lows against the US dollar. We're seeing clear divergence in monetary policy outlooks with deteriorating economic data in Australia, New Zealand, and Canada weighing on the respective currencies, while the added risk of trade wars only makes things that much more challenging.
Of course, the Canadian dollar is also contending with political drama in Canada amidst a string of key resignations. Economic data has more or less been softer in most major economies outside of the US, including the Euro area. On Tuesday, US data went the other way again with retail sales coming in above forecast. It's been fairly easy to understand why the US dollar has been so well bid and US equities remain propped up.
Key standouts on Wednesday's calendar come from UK inflation, Eurozone inflation, US housing starts, and building permits, and of course, the Fed decision late in the day.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
Correction According to the behavior of the price in the range of the current ceiling, possible scenarios have been identified. It is expected that a change in the trend will take place and we will see the beginning of the correction process
