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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

GBP/USD Short, NZD/USD Short and USD/CAD LongGBP/USD Short Minimum entry requirements: • Corrective tap into area of value. • 4H risk entry. Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. USD/CAD Long Minimum entry requirements: • Tap into area of value. • 1H impulse up above area of value. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
by StewySongs
USDCAD Daily CLS Range, HTF - 50% wick. Model 2USDCAD Daily CLS Range, HTF - 50% wick. Model 2 you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Short
by Dave-Hunter
Step 3 "Rocket Booster Strategy" BreakdownThe number one key to happiness for a stock trader or forex trader is coffee and 2 slices of bread. This is what am from having just before sharing this awesome video lesson with you You need to watch this video because inside you will be learning: 1-The best candlestick pattern 2-A Bullish candle stick pattern 3-A reversal candle stick pattern Also if you use this chart pattern with the rocket booster strategy it will really help you alot. Rocket boost this content to learn more Disclaimer: Trading is risky you will lose money please Learn risk management and profit-taking strategies. Also, use a simulation trading tool before you trade with real money
Long
by lubosi
Adam & EVE Pattern - USD/CAD - Market Insights & ExpectationsGreetings Everyone, Today, we will be taking a quick look at the USD/CAD pair and project potential future price action. Disclaimer: Please note that this analysis is based on the monthly time frame, and like all projections, outcomes are not guaranteed. This is not financial advice . On the chart, you’ll notice the highlighted Adam and Eve pattern, which we'll be discussing in detail. What is the Adam and Eve Pattern? The Adam and Eve pattern is a reversal chart pattern often seen in technical analysis. It indicates a potential trend reversal, typically from a bearish to a bullish trend. The pattern is characterized by two distinct bottoms: 1. Adam (First Bottom): Sharp, narrow, and "V-shaped." Reflects a rapid sell-off and recovery. 2. Eve (Second Bottom): Rounded and broader than Adam. Suggests gradual price stabilization and accumulation. What does this mean for Canadians? Summary - Imported goods will become even pricier for Canadians. - US nominated investment position will yield better returns. Ie. USD Savings Accounts, US ETFS ie. SPY, QQQ. - Canadian Corps. that exports good will be benefactors of a higher us dollar. Thank you for stopping by! Best, CL
Long
by coilemard
USDCAD Wave Analysis 30 December 2024 - USDCAD reversed from resistance zone - Likely to fall to support level 1.4400 USDCAD currency pair recently reversed down from the resistance zone surrounding the major long-term resistance level 1.4400 (which stopped the sharp uptrend at the start of 2020) intersecting with the upper weekly Bollinger Band. The downward reversal from the resistance level 1.4400 stopped the previous medium-term impulse wave (5). Given the strength of the support level 1.4400 and the overbought reading on the weekly Stochastic indicator, USDCAD currency pair can be expected to fall to the next support level 1.4315.
Short
by FxProGlobal
2
Trading Idea: USD/CAD 15min Short SetupThis setup leverages Smart Money Concepts (SMC) on the 15-minute timeframe for a high-probability short. Key Details: Entry: Retracement into a Fair Value Gap (FVG) within the discount zone after a bearish Market Structure Shift (MSS). Target (TP): 1.43345, aligned with Sell-Side Liquidity (SSL) below a key swing low. Stop Loss (SL): Just above the FVG or last lower high, maintaining a favorable risk-to-reward ratio of at least 1:3. Confluences : MSS confirmation, FVG in a discount zone, and liquidity targeting. Trade Management: Move SL to breakeven upon significant bearish momentum or halfway to TP. Disclaimer: For educational purposes only. Perform your own analysis before trading.
Short
by Jose_ManuelR
USD/CAD First Yearly Close > 1.4000 Since 2002It was a blistering Q4 for the US Dollar and that's especially true in USD/CAD. While USD reversed aggressive at the Q4 open while getting a shot-in-the-arm around the U.S. Presidential election, in USD/CAD there was also the added drive of tariff potential after President-elect Trump threated a 25% tariff on Canadian goods unless the border was shored up. That comment came on November 26th and led to a bullish spike in the pair, which did recede; but after that the 1.4000 level began to show as support and buyers pushed another strong move through December trade. There were especially noticeable drives on both the NFP report and the FOMC rate decision. After the Trump comment re: 25% tariffs on Canada, PM Trudeau flew down to Florida to try to appeal to Trump. Trump's response after seems jovial in nature, as he called Canada the 51st U.S. state and PM Trudeau a 'governor.' I think the big question here is whether Trump wants a strong U.S. Dollar which a push towards austerity could produce. And if that happens, weakness could show in equities which could then bring questions around his economic agenda. I'm expecting something similar to what showed in 2017, when shortly after inauguration Trump opined that the U.S. Dollar was 'too strong,' after which the currency went into a tailspin for the rest of the year, even as the Fed hiked rates three times in 2017 and four times in 2018. If we do see mean reversion in the US Dollar, USD/CAD could remain attractive for similar themes. For now bulls are still pushing and next resistance is the same 1.4690 area that was respected back in early-2016 and again in 2020. - js
by FOREXcom
2
Could the price bounce from here?USD/CAD is falling towards the support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.4038 Why we like it: There is a pullback support level that lines up with the 61.8% Fibonacci retracement. Stop loss: 1.4348 Why we like it: There is a pullback support level that lines up with the 138.2% Fibonacci extension. Take profit: 1.4436 Why we like it: There is a pullback resistance. 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.
Long
by VantageMarkets
Short Buying The USD/CAD trading chart is showing an upward trajectory, presenting a favorable setup for short-term buyers. The price action suggests bullish momentum, potentially driven by positive market sentiment or economic indicators. Traders might consider entering buy positions while closely monitoring resistance levels and market news for any potential reversals. Risk management strategies, such as stop-loss orders, are recommended to mitigate any unexpected market shifts. Keep an eye on key levels to lock in profits effectively.
Short
by Mohammad_Zain01