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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

USDCAD Possible Long Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - CSAK + Entry in MALO Note: * Cancel trade or cut-loss when candle close Below MAHI (2 Red Color Lines) in 4H * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Long
by GreggiBond
1
Could the Loonie bounce from here?The price is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as an overlap resistance. Pivot: 1.4008 1st Support: 1.3951 1st Resistance: 1.4094 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.
Long
by ICmarkets
USD/CAD price action: Trump's tariffs and the loonieUSD/CAD is approaching 1.4180, its lowest since mid-2020, influenced by Trump's recent 25% tariff hike impacting Canadian exports like oil, gas, and vehicles. While these tariffs pose challenges, Canada's economy shows resilience with higher-than-expected inflation and strong employment data, reducing the likelihood of significant rate cuts by the Bank of Canada. Concurrently, the US dollar strengthens, supported by anticipated policy changes and tariff impacts.
by tastyfx
Trump tariff news absorbed by the market | FX ResearchCurrencies are already in recovery mode. After absorbing the news of President-elect Trump vowing to impose tariffs on China, Canada, and Mexico, even the Canadian dollar, which slumped to its lowest level since mid-2020 against the buck, has been trying to find some demand. Bank of Canada Governor Mendez is on the docket today, and it will be interesting to see what the central banker has to say on the matter. Overall, it does feel like the fact that Trump failed to mention Europe tariffs was somewhat helpful to the euro, the pound, and perhaps currencies overall. Meanwhile, as we've already highlighted, the dollar has rallied to levels where it is becoming more attractive for medium- and longer-term players to consider a possible move in the other direction. Otherwise, risk assets are well-supported, as reflected in U.S. equity futures. Looking ahead, we have Canada wholesale sales, U.S. new home sales, U.S. consumer confidence readings, Richmond Fed manufacturing, and the key event of the day: the Fed minutes, which will be released later. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
Could the Loonie drop from here?The price is reacting off the resistance level which is a pullback resistance that aligns with the 23.6% and the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.4087 Why we like it: There is a pullback resistance level that lines up with the 23.6% and the 38.2% Fibonacci retracement. Stop loss: 1.4177 Why we like it: There is a pullback resistance level. Take profit: 1.4008 Why we like it: There is an overlap support level that is slightly below the 61.8% Fibonacci retracement. 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
Maximize Your USDCAD Trading: Key Insights for Next Weekthis was posted on 11/25/2024 USDCAD has been trading around 1.40 recently, reflecting a shift in market dynamics as inflation pressures in Canada fortify the Canadian dollar against the US dollar. This movement suggests that traders might anticipate sustained strength for CAD, particularly as central banks recalibrate their monetary policies in response to changing economic conditions. -Key insights for USDCAD traders include monitoring the inflationary landscape and interest rate adjustments by the Bank of Canada. Recent data indicates stronger-than-expected inflation, hinting at a potential hawkish stance that could support the Canadian dollar. Traders should be aware of critical support and resistance levels: support at approximately 1.39 and resistance at 1.41, which could become pivotal for trading strategies. -Expert analysis indicates a cautious optimism within market sentiment. Despite predictions of stronger growth within equity markets, concerns persist about lower long-term returns, necessitating prudent asset allocation and market timing. Current mood around USDCAD shows mixed reactions, suggesting that traders should brace for potential volatility amid evolving economic indicators. -Sentiment Analysis: - Current sentiment: 0 - Last week: 20.0 - Change: -20.0 - Total mentions: 9 -Price Targets based on professional traders' expectations: - Next week targets (T1): 1.43 - Next week targets (T2): 1.45 - Stop levels (S1): 1.39 - Stop levels (S2): 1.37 -News Impact: The recent strong inflation readings in Canada are likely to shape market reactions, driving traders to reassess expectations regarding yields and monetary policy. The anticipated tightening measures could lead to both opportunities and challenges for USDCAD, particularly as market participants respond to forthcoming economic data and any shifts in central bank narratives.
Long
by CrowdWisdomTrading
+100/+150 pips USDCAD XABCD Short it From PRZ🔸Hello traders, let's review the 1H chart for USDCAD today. Speculative XABCD reversal structure in progress, point D/PRZ requires confirmation. 🔸Structure is defined by point X 4030, point A 3940 point B 4010, point C 3920, point D 4040. D/PRZ at 4040 still pending. 🔸Recommended strategy for USDCAD traders: wait for price to max out hit PRZ/D at/near 4040, short sell, SL 40 pips, TP1 +100 pips TP2 +200 pips. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
14
SELL USDCAD for bullish trend reversal STOP LOSS : 1.41198SELL USDCAD for bullish trend reversal STOP LOSS : 1.41198 Regular Bearish Divergence In case of Regular Bearish Divergence: * The Indicator shows Lower Highs * Actual Market Price shows Higher Highs We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart..... The daily time frame is showing strength of trend reversal from this level resistance so we are looking for the trend reversal and correction push from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Short
by BALE_FX
4
Potential Retest of the 1.45 Level USD/CADDeclining oil prices, a robust dollar, and disparities in interest rates may drive the USD/CAD pair to revisit the 1.45 mark. As a significant oil exporter, Canada's currency is tightly linked to oil prices. A marked decrease in crude oil prices, resulting from easing geopolitical tensions and reduced demand, could devalue the Canadian dollar. In the past month, NYMEX crude oil futures have shown a consistent downward trend, with the COT report indicating that large institutions and hedge funds are pessimistic, increasing their short positions in these futures. As of late November 2024, the Federal Reserve's target range for the federal funds rate is set at 5.25%–5.50%. Meanwhile, the Bank of Canada has cut its overnight rate to 3.75%, with the bank rate at 4.0% and the deposit rate at 3.75%. This results in an interest rate differential of about 1.5% to 1.75% favoring the U.S. dollar, bolstering its strength against the Canadian dollar in the foreign exchange market. The ongoing upward trend in the USD/CAD pair, fueled by these factors, could lead the pair to challenge the critical 1.45 level once again. A x1.5 ATR stop loss from current pivot zone or a drop below 1.35 would invalidate the trade. You can put on a tighter ATR stop loss if trading on daily or 8hr/4hr to improve risk : reward. www.tradingview.com
Long
by Matto0407
1