USDCAD is ready to short againNo comment needed. All information is in the chart analysis.
Steps to follow:
Analyze yourself.
Take the position with SL and Take Profits.
Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :)
Get the result.
I will update the trade every day.
Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger!
Good trades, Traders!
The golden bear
USDCAD trade ideas
USDCAD looks to be continuing downwardUSDCAD will continue down the downward channel, breaking support below. Then we will wait for the retest of resistance before we place the trade. If it breaks the top channel trendline it will continue upwards to the next trend line in chart. also, wait for retest of that scenario as well.
USDCAD BEARISH REVERSAL IMMINENT *USD/CAD: Bearish Reversal Imminent?*
A high-probability selling opportunity has emerged in the USD/CAD pair, with a critical resistance zone in play.
*Trade Parameters:*
- *Sell Zone:* 1.43300 - 1.43800
- *Profit Targets:*
- TP1: 1.42400
- TP2: 1.41500
- *Stop-Loss:* 1.44600
*Rationale:*
1. *Confluence of Resistance:* The USD/CAD pair has reached a robust resistance zone, where sellers are likely to intervene.
2. *Bearish Momentum:* Technical indicators are flashing bearish signals, hinting at a potential downturn.
3. *CAD Strength:* A resurgent Canadian Dollar, fueled by rising oil prices and a sturdy economy, may exacerbate the USD/CAD decline.
*Market Analysis:*
The USD/CAD pair is experiencing a consolidation phase following a recent upswing, with market participants exercising caution ahead of key economic data releases. A breach of the 1.42400 support level could precipitate a sharp decline.
*Trading Plan:*
Sell USD/CAD within the designated zone (1.43300 - 1.43800), with a stop-loss at 1.44600. Utilize the profit targets to secure gains or adjust the stop-loss to break even.
Keep remembering the Travis with best wishes👍
Falling towards pullback support?The Loonie (USD/CAD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 1.4236
1st Support: 1.4150
1st Resistance: 1.4359
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.
USD/CAD(20250325)Today's AnalysisToday's buying and selling boundaries:
1.4294
Support and resistance levels:
1.4357
1.4333
1.4318
1.4270
1.4255
1.4232
Trading strategy:
If the price breaks through 1.4294, consider buying, the first target price is 1.4318
If the price breaks through 1.4270, consider selling, the first target price is 1.4255
USD_CAD LOCAL LONG|
✅USD_CAD fell again to
Retest the support of 1.4420
But it is a strong key level
So I think that there is a high chance
We will see a bullish rebound and a move up
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USD-CAD Long From Support! Buy!
Hello,Traders!
USD-CAD made a retest of
The horizontal support level
Of 1.4256 and we are already
Seeing a bullish rebound so
We will be expecting a
Further bullish move up
Buy!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Lingrid | USDCAD potential Selling OPPORTUNITY Post-Sell-OffThe price perfectly fulfilled my last idea . It hit the target level. Following the bearish movement, FX:USDCAD made a pullback, and on the daily timeframe, it formed a long-tailed bar that suggests a potential retest of the zone above the 1.4200 level. After the recent drop, the market is now moving sideways, just above the previous day low. If the market breaks and closes below this low, it may retest the support zone below. However, considering that the price action remains within the weekly range, it could continue to oscillate between the upper and lower boundaries. I expect a downward move if the price holds below the upward trendline. My goal is support zone around 1.42615.
Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Bullish bounce?USD/CAD is falling towards the support level which is a pullback support that is slightly above the 127.2% Fibonacci extension and also line sup with the 61.8% Fibonacci projection and could bounce from this level to our take profit.
Entry: 1.4242
Why we like it:
There is a pullback support level that line sup with the 61.8% Fibonacci projection and also slightly above the 127.2% Fibonacci extension.
Stop loss: 1.4151
Why we like it:}
There is a pullback support level that lines up with the 100% Fibonacci projection.
Take profit: 1.4357
Why we like it:
There is a pullback resistance.
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USDCAD What Next? SELL!
My dear subscribers,
This is my opinion on the USDCAD next move:
The instrument tests an important psychological level 1.4356
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 - 1.4330
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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
I'm adding more USDCAD short here!!I've not been happy with UCAD price movement. It is fast. Hit me out fast or go for TP, but either one, be fast about it. This guy has been going down albeit slowly. I'm adding more positions here as I know it will fall.
Dont mind those telling you to buy, it is not buying. You're still early to the move.
Ya gaziere unu
Bearish reversal?The Loonie (USD/CAD) is rising towards the pivot and could reverse to the 1st support which line sup with the 61.8% Fibonacci projection.
Pivot: 1.4385
1st Support: 1.4238
1st Resistance: 1.4485
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.
USDCAD-SELL strategy 12 hourly chart Line Break (2)The pair feels heavy, and especially higher OIL price and a triangle with support little lower, and approaching critical cloud areas, suggest we have a reasonable chance to see it move lower sharply.
Strategy SELL @ 1.4310-1.4340 and take profit near 1.4039 for now.