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CADUSD trade ideas

USDCAD Bulls Eye 1.4140 Amid Momentum ShiftHello Traders, Take a moment to read my outlook on USDCAD, and share your thoughts Overview USDCAD is currently trading at 1.40623, showing bullish trends on both the H4 and H1 timeframes. However, the bullish momentum on the H4 appears to be weakening, suggesting the uptrend may be nearing a potential reversal zone. Market sentiment remains bullish, supported by increased volatility, but momentum on the H1 timeframe has noticeably decreased, signaling reduced upward strength. Idea The pair is expected to continue its rise toward the 1.4140 price region, a key resistance level with the potential to halt further upward movement and trigger a bearish reversal. Price action is currently rejecting off the H1 order block, which could act as a short-term support level. I will monitor the 1.39797 level closely, as a break below this support would invalidate the bullish outlook, signaling a potential shift in market structure. Conversely, a sustained move above the 1.4140 resistance would indicate renewed bullish momentum and the possibility of further gains. Conclusion This outlook suggests further upside potential toward 1.4140 which is about 80pips move. However, a clear break below 1.39797 would invalidate this idea, and could provide opportunities for short positions. Cheers and happy trading!
Long
by Samuel124
1
USD/CAD AnalysisFX:USDCAD A comprehensive analysis of the USD/CAD pair, which also brought a potential trade. Of course, everything will continue to depend on the fundamentals, as the market is currently moving in the range of the last H and L for some time. We could see great momentum, and breaking through the resistance, which the market could come to test, as fibbo levels are also found at this level. Overall, I will be interested in the pair if it starts moving around the 1.41000 price.
Long
by Kozelnicky
USDCAD - Correction or Bull Breakout?20SMA - Blue 200SMA - Pink Key Confluence Areas - Grey Lines Market Structure Support/Resistance - Green/Red Dashed Lines Dear Friends: If you find my analysis helpful, please boost and follow me for future analysis at your service. How I see it: Strong engulfing 1D candle closed within the confluence zone. Price could wiggle around trying to correct downwards. Or just breakout through confluence and test now resistance as a new support. Both SMA's is slowly rising. Keynote! For fundamental/political reasons, I strongly believe a bullish continuation is a high probability. I deeply appreciate you taking the time to study my analysis and point of view.
Long
by ANROC
USDCADTHIS ANALYSIS FOR "USDCAD" ON MULTIPLE TIME FRAME. - What we can see on daily timeframe price already breakout on significant resistance, - Wait price pullback on the zone - Can follow my TP target or can close profit when you feel enough. - Can set you SL between 25 - 35 Pips with you own risk. - If price break nerewst trendline we just wait price come to trendline then we BUY. All the best !!! If you want more update on USDCAD. Kindly follow and like. Feel free to comment my outlook and share with your friends. Thanks!
by ShahrulMokhtar_SAM
USD/CAD Buy SwingTradeReasons to Enter the Trade: Trendline and Fibonacci Confluence: The price is respecting a strong upward trendline. The 61.8% Fibonacci retracement level aligns with the trendline, providing strong confluence for a potential reversal. Stochastic Oversold: The stochastic oscillator indicates a potential upward reversal as it climbs from an oversold region. Risk-Reward Opportunity: The chart shows a decent risk-reward setup, with a target near the 0% Fib level (1.4180) and a stop-loss below 1.3925. If this provides at least a 2:1 reward-to-risk ratio, it's a good trade to consider. Structure Holding: There’s no significant break below the critical structure levels, suggesting the bullish bias is intact.
Long
by LogicalTraders
2
USDCAD Wave Analysis 5 December 2024 - USDCAD reversed from pivotal resistance level 1.4080 - Likely to fall to support level 1.3990 USDCAD currency pair today reversed down from the pivotal resistance level 1.4080 (which has been reversing the pair from the start of November) standing near the upper daily Bollinger Band. The latest downward reversal from resistance level 1.4080 is the 5th consecutive failed attempt to break above this level – which signals its strength. USDCAD currency pair can be expected to fall toward the next support level 1.3990 (low of the previous minor correction from the end of last month).
Short
by FxProGlobal
Bearish reversal off pullback reisstance?The Loonie (USD/CAD) is rising towards the pivot which is a pullback resistance and could reverse to the 1st support which has been identified as an overlap support. Pivot: 1.4092 1st Support: 1.4006 1st Resistance: 1.4177 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Heading into pullback resistance?USD/CAD is rising towards the resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.4039 Why we like it: There is a pullback resitance that aligns with the 61.8% Fibonacci retracement. Stop loss: 1.4177 Why we like it: There is a pullback resistance level. Take profit: 1.4017 Why we like it: There is an overlap support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets