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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

USDCAD Under Pressure! SELL! My dear subscribers, This is my opinion on the USDCAD next move: The instrument tests an important psychological level 1.3989 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.3975 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
USD/CAD poised to resume higher after bouncing off trend supportFollowing today's stronger Canadian retail sales report, with headline sales coming in at +0.9% m/m vs. +0.3% expected, the Canadian dollar initially strengthened slightly. But later on we saw the US flash Services PMI come in well ahead of expectations at 57.0 vs. 55.2 eyed and 55.0 last. Though UoM Consumer Sentiment got revised lower unexpectedly to 71.8 from 73.0, this failed to weigh much on the dollar. The result? The USD/CAD managed to hold the support trend line and key support in the 1.3950-1.3970 zone. As a result, we could see the USD/CAD drift higher, aligning itself with other dollar pairs (e.g., EURUSD which has broken down sharply today). By Fawad Razaqzada, market analyst with FOREX.com
Long
by FOREXcom
Shorting USDCAD following Canadian CPI dataThe Canadian CPI data came in higher than expected that dashing hopes of another large rate cut at the next meeting of the BoC. Coupling this with rising geopolitical tensions that have lead to weakness in the USD saw a fall of 0.4% in the USDCAD in yesterday's trading session. Overnight Canadian yields have increased while US yields fell. The currency pair closed yesterday below 50% fib retracement and the rising trend established from September. The conditions appear to support a continued fall in the USDCAD. I've put a sell on USDCAD with the following TPs Entry 1.3952 TP1 - 1.3927 TP2 - 1.3882 TP3 - 1.3842 TP4 - 1.3822 SL - 1.4034 TP1 is set at the 62% FIB retracement level, the plan is to move SL to entry once this TP is hit.
Short
by dgowty
Sell from the 1.41 bank level in the multiyear highThis was a high-risk sell from the 1.41 and multi-year high. Confirmed by the DXY which was at 106.9. I think the price will reach the first liquidity level in the discount which is my target. Then we can get pullback an more sell-off. Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Short
by Dave-Hunter
11
LONG SIGNAL DAYTRADINGStock traders may advise shareholders and help manage portfolios. Traders engage in buying and selling bonds, stocks, futures and shares in hedge funds. A stock trader also conducts extensive research and observation of how financial markets perform. This is accomplished through economic and microeconomic study; consequently, more advanced stock traders will delve into macroeconomics and industry specific technical analysis to track asset or corporate performance. Other duties of a stock trader include comparison of financial analysis to current and future regulation of his or her occupation.
Long
by GOLDBERG_INVESTMENT