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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

USDCAD top of Channel Up rejection. Strong sell.The USDCAD pair has been trading within a long-term Channel Up pattern since the July 14 2023 Low and on Monday it hit its top (Higher Highs trend-line) and got rejected. This is a similar peak to November 01 2023, with the 1D RSI turning downwards as well on an early sell signal. Initially, we expect at least the 1D MA200 (orange trend-line) to be tested, so our Target is 1.37300. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
2
USDCAD Will Move Higher! Buy! Take a look at our analysis for USDCAD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.396. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.403 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
USDCAD H1 | Bullish Bounce offBased on the H1 chart analysis, we can see that the price has just bounced off our buy entry at 1.3965, which is an overlap support. Our take profit will be at 1.4006, which is an overlap resistance close to 38.2% Fibo resistance. The stop loss will be placed at 1.3925, below the 127.2% Fibo extension 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘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 FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
1
USDCAD - The Make Up of An Average Trade With Big PotentialThis video is slightly different than the ones that I usually put out, but so is this opportunity. I'm looking for a HOMERUN trade here on the USDCAD & what that means is that I'm attempting to get in a trade that captures a larger profit target than what I would usually take. What's important to pay attention to is the top-down analysis & the why behind the decision, as well as the entry reason & the role it plays in my initial involvement. I hope you guys enjoy the video and if you have any questions or comments, please leave them below. Akil
Long
by Akil_Stokes
3
USDCAD We hit our First POI point. We needed to wait to observe the shift in the market structure with the bullish bias. This is confirmed by the change of the market direction after breaking the last Lower High to create a new High. On this direction bias, we notice that there are new breaks of structure that were caused by a consolidation or correction that pushed to break the previous high on that developing bullish leg, the correction was not retested, or mitigated. Right here around this zone, we are starting to see the price coming back, use your learnt entry models in the lower time frame structures to facilitate a roper entry. GOOD LUCK
Long
by DIGITALASSETSINC
USD/CAD continues the downtrendOn USD/CAD , it's nice to see a strong sell-off from the price of 1.40170 and 1.40440. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. Downtrend and high volume cluster are the main reasons for my decision to go short on this trade. Happy trading, Dale
by Trader_Dale
How market worksThis is your blueprint and the only thing you need. Always after a break the market returns to the zone from where it pushed the market for that break (picture 1) or while returning it decides to reinvest and push the market again and then we can watch the entry from that zone as well (picture 2). I personally watch the market on 15 minutes. When I look at which zones I'm interested in, I go down to 1 minute and look for an entrance there. Tomorrow I will explain the entrance on 1 min.
Education
by Vaske8
USD/CAD: The Breakout Beast Ready to Crush 1.42 Ladies and gentlemen, meet the USD/CAD – your favorite currency pair's favorite currency pair. 🎯📈" The Head and Shoulders Gym Session: Classic Head and Shoulders pattern in play here. Left shoulder? 💪 Bulging. Head? 🧠 Standing tall. Right shoulder? 🤷‍♂️ Trying to keep up, but hey, it tried. That breakout above the neckline? 🔥 The USD is basically yelling, “I’m not just a pretty chart; I’m a trendsetter. 🚀” Support and Resistance – The Classic Frenemies: The 1.40 level is the VIP rope 🪩 – it’s been tough to get past, but the USD is muscling through. 💥 If this party keeps going, the next stop is 1.42 🏔️, where resistance might throw another temper tantrum. 😅 RSI – Overachieving Much? RSI above 70? 😎 This pair is flexing harder than a bodybuilder on stage. 💪 But be warned: markets hate staying in extremes too long. 📉 A pullback could bring it back to Earth. 🌍 Trendline Up, Confidence Up: That dotted upward-sloping trendline? ✨ It’s like a personal trainer yelling, “Keep pushing higher! 🏋️‍♀️” Recent movements suggest USD/CAD is feeling the hype. 🔝 🎲 Prediction Time: If 1.40 holds: fireworks to 1.42 and beyond. 🎇 Bulls are partying hard 🐂💃, and the bears? They’re packing for a vacation. 🐻✈️ But if it falters? 😬 Back to the grind below, maybe chilling at 1.38 like it’s Netflix and consolidation time. 📺📉 This chart is screaming bullish vibes louder than a Friday night karaoke session. 🎤🎶 But remember, overconfidence kills trends faster than a bad DJ clears a dance floor. 🛑 Let’s see if the USD keeps climbing or hits gravity hard. “USD/CAD, are you ready to go the distance, or will gravity call you back? 🚀🌍”
Long
by EdgeDotForex
USDCAD Bullish Trend: Key Level to Watch for Buy OpportunityOANDA:USDCAD is currently in a bullish trend. For it to continue moving higher, it must hold the Monday low, which will create a swing failure. Once it starts holding this level as support, I’ll be looking to buy where the arrow is marked. That arrow is my go-to signal to enter the trade. If the price breaks below the Monday low, I’ll close the position manually. Stay tuned for more updates and FOLLOW ME for the next moves!
by Agnes_Trader