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USD/CAD SHORT FROM RESISTANCE Hello, Friends! USD/CAD is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 1.361. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
USDCAD Analysis Today: Technical and Order Flow Analysis !In this video I will be sharing my USDCAD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
by Transparent_Fx_Academy
1
USDCAD Breakout from Parallel Channel | Bullish Move Ahead?USD/CAD has just broken out of a well-respected downward parallel channel, signaling a potential trend reversal. We saw a strong bullish impulse that pushed price above the channel resistance and now appears to be consolidating just above it. 🔍 What to Watch For: Pullback Opportunity: Price may retest the breakout zone (~1.3640–1.3660). This zone could act as new support, providing a good entry point for buyers. Upside Target: The next major resistance sits near 1.38542, offering a potential move of over 180+ pips from current levels. Momentum: Bullish momentum is strong, suggesting a high probability of continuation after a healthy pullback. 📈 Bullish Bias remains intact as long as price holds above the breakout zone. 📉 If price drops back inside the channel, reevaluation of the bullish outlook will be needed. 🔔 Trade Idea: Look for long opportunities on a successful retest with confirmation (bullish candlestick or volume surge). 💬 What are your thoughts on this breakout? Are you long on USD/CAD or waiting for confirmation? Let me know in the comments! 👇
Long
by James-Pipstr
USD/CAD H1 | Potential bounce off an overlap supportUSD/CAD is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.3686 which is an overlap support that aligns with the 50% Fibonacci retracement. Stop loss is at 1.3633 which is a level that lies underneath anoverlap support and the 50% Fibonacci retracement. Take profit is at 1.3738 which is a swing-high resistance. 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 (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by Tradu
USDCAD SWING TRADE LONG IDEA - MASSIVE BULLISH MOVE COMING?OANDA:USDCAD USDCAD has given a massive bullish break of structure on 4 Hour time frame after tapping to a strong key level on weekly time frame that is serving as support. Now am bullish on USDCAD for a weekly income swing trading moves. All I need right now to enter for a long to ride the move is a pull back to key level of support like old highs or imbalance levels. That is when I will take a bullish long trade on USDCAD. This is my A+ Trading Setup. What do you see on your chart?
Long
by Elijahenoch7
USDCAD POTENTIAL LONG OPPORTUNITY...HISTORY REPEATS ITSELFHey hey TradingView fam! It has been a minute (more like months lol) since I've done a post on here for you guys so just wanted to come on and drop an potential swing trade opportunity I see on the USDCAD currency pair! So let's get straight to it OK so it is pretty straight forward (at least in my eyes) but as you can see on the chart USDCAD is coming into a weekly demand zone. IF you are unfamiliar with what a "demand zone" is it is actually very simple. Think of it this way...a buyer zone/area. Literally simple as that. It is a previous zone that a buyer was interested in before. How do we know that? One of the most incredible thing about the charts is that it is like a receipt. It shows the transactions that have taken place. SO...when we look left back @ the 1.3600 price handle we can see that there was aggressive buying that took place here. How do we know? THE CHART LITERALLY ROSE/SKYROCKETED FROM THIS LEVEL. Ever heard of the phrase history repeats itself? It is ESPECIALLY true in the markets! OK so hopefully you guys got some nuggets from this post was more of a psychological breakdown than anything but truly want to help those of you who may see the charts as this complicated phenomena to realize that it is actually so so simple. And my main goal is to make trading simple again. Love & appreciate you all! Thanks for tuning in! If you found some value in this please boost this post & follow my page for accurate analysis and simple trading! Cheers!
Long
by JosePips
USD/CAD)) Bearish Trand analysis Read The captionSMC trading point update Technical analysis of USD/CAD on the 3-hour timeframe, using Smart Money Concepts (SMC) and classic technical analysis. Here's a breakdown --- Key Technical Insights: Overall Trend: The pair is in a clear downtrend, confirmed by: Lower highs and lower lows Price trading below the 200 EMA (currently at 1.37402) Respect for the downtrend channel --- Resistance Zones: 1. Upper Resistance Zone (~1.38400 – 1.38750): Strong historical sell area (price sharply reversed here in late May) 2. Mid Resistance Zone (~1.36450 – 1.36750): Price reacted twice here and dropped. Aligns with the downtrend line and was recently tested again (red arrow). --- Bearish Projections: After the latest pullback into the resistance zone, price is expected to: Reject the zone Continue following the descending structure Target marked around 1.35034, which coincides with: Previous low Lower boundary of the descending channel Mr SMC Trading point --- Chart Tools & Features Used: Trendlines: Clearly marking the downtrend channel 200 EMA: Used as dynamic resistance Fib-like measured move: Mirrored previous impulse moves (-1.61%) suggesting a symmetric drop Arrows: Indicating reaction points from resistance --- Conclusion: Bias: Bearish Invalidation: Break and hold above 1.36500 would weaken the bearish outlook. Next Move: Potential sell setups on lower timeframe retests or bearish confirmations within the resistance zone. Please support boost 🚀 this analysis)
Short
by SMC-Trading-Point
7
USD/CAD: Signs of a bottom as bulls fight backTuesday’s bullish move in USD/CAD has delivered a signal often seen at bottoms, taking out several key technical resistance levels in the process, including the December 2023 uptrend. With bearish momentum starting to reverse, upside risks look to be building. Those in the market for a long setup could initiate positions around these levels with a stop beneath 1.3650 for protection. Tuesday’s high of 1.3693 now stands as an important near-term level. A break above opens the door to the June 10 high at 1.3728 as one potential target, along with 1.3750. If either level is hit, reevaluate whether to hold, cut or reverse, given the setup runs counter to the broader trend. Good luck! DS
Long
by FOREXcom