USDCADThe potential BUY scenario for the pair
The pair is under observation as it approaches the designated BUY zone on the chart.
USDCAD trade ideas
USDCAD - Possible Outcomes20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Dear Friends: (Away from charts)
It will be prudent to give your mind, body and soul a good rest, to recharge for the new upcoming exciting year!
How I see it:
Strong weekly bullish close.
In case of a correction,
Can support hold for bullish continuation?
Keynote!
Alot of data this week. Trade safe as the year is coming to an end.
I deeply appreciate you taking the time to study my analysis and point of view.
USDCAD Elliott Wave AnalysisHello friends
In the previous analysis of the currency pair USDCAD, we expected the price to grow and also specified the profit-taking range.
Now, if you took your profit at the desired point and exited the trade, you can enter the buy trade again to reach a higher target.
The reason for this is the formation of microwaves 1 to 4 of the main wave 5, and currently it is appropriate to enter the buy trade to catch the price growth in the main wave 5 of 5.
The stop loss is at 1.3965. And the profit limit is at 1.4200.
To support me, I recommend that you install the Trading View application on your phone and see my analyzes and support me with your comments and Boost. Be successful and profitable.
USDCAD : Approaching the Historical Resistance of 1.43
Following the breakout of the 1.39 historical resistance and a pullback near this level, as noted in the previous analysis, the pair has continued to rise. On this time frame, the price is approaching the key 1.43 resistance, last touched on March 31, 2020. The reaction to this level will largely depend on dollar movements and the outcomes of the U.S. Federal Reserve meeting. If this level is broken, further growth toward the marked supply zone can be anticipated.
Read The USDCAD MarketLet's Looking at USDCAD Chart in all Scales and Prepare For start the next Week, Good Luck With Your Trades <3
Shorting USD/CAD: Because Even the Loonie Deserves to Fly High!Based on a comprehensive analysis of various factors, there are several reasons that could justify a short position on the USDCAD pair from 1.5x with a target of 1.365.
1. Interest Rate Differentials
The US Federal Reserve and the Bank of Canada may have diverging stances on interest rates. If the Bank of Canada is projected to raise interest rates or the US Federal Reserve is anticipated to lower them, this could lead to a depreciation of the USDCAD pair.
2. Economic Indicators
Economic indicators such as GDP growth, unemployment rate, inflation, and consumer sentiment can influence the exchange rate. If the Canadian economy is expected to outperform the US economy, this could lead to a depreciation of the USDCAD pair.
3. Commodity Prices
Canada is a significant exporter of commodities, particularly oil. If oil prices are expected to rise, this could lead to an appreciation of the Canadian dollar and a depreciation of the USDCAD pair.
4. Political Risks
Political events and policy changes can influence exchange rates. If there are political risks in the US that are expected to negatively impact the US economy or if there are positive political developments in Canada, this could lead to a depreciation of the USDCAD pair.
5. Market Sentiment
Market sentiment can influence exchange rates. If traders are bearish on the US dollar or bullish on the Canadian dollar, this could lead to a depreciation of the USDCAD pair.
6. Technical Analysis
The USDCAD pair may be at a key resistance level at 1.5x, and a reversal pattern may be forming. If the pair breaks below this level, it could signal a move towards 1.365.
Please note that these are potential reasons and the actual movement of the USDCAD pair will depend on a variety of factors. It's important to conduct thorough research and consider the potential risks before making a trading decision.
Flag It or Miss It...ChatGPT
🚩 Flags Don’t Lie 🚩
🔥 Traders, here’s the deal: The market loves patterns, and this chart is waving more flags than the Olympics. Bullish, bearish, they’re all here—clear as day if you know where to look. Let me break it down George-style:
1️⃣ The Bullish Flags:
See those upward rockets followed by tiny breathers? That’s the market catching its breath before sprinting again. Every breakout screams, “Get on or get left behind.” Smart traders saw these setups and printed their wins. Did you?
2️⃣ The Bearish Flags:
Now for the nosedives. The market didn’t just fall; it crashed, paused, and said, “Hang on, let me make it even worse.” Those bear flags aren’t just patterns—they’re market whispers, saying, “The pain’s not over yet.”
3️⃣ The Current Breakout:
This isn’t just any breakout; this is the market screaming, “Up, up, and away!” That bullish flag just snapped, and if you’re not riding this move, you’re watching history from the sidelines.
⚠️ Lesson? Flags are your friends, but only if you know how to read them. They’re the market’s way of leaving breadcrumbs for the pros and traps for the tourists.
💡 Stop guessing. Start seeing. Because while you’re overthinking, someone else is cashing in.
🎯 Ready to master these setups? Join the ‘Road to a Million’ and stop trading like a tourist. Snipers only. Link in bio.
P.S.: Next time you see a flag, ask yourself: Am I waving it or winning with it? 💥
USD_CAD WILL KEEP GROWING|LONG|
✅USD_CAD keeps growing
In a strong uptrend and
The pair broke the key
Horizontal level of 1.4190
So we are bullish biased
And we will be expecting
A further move up
LONG🚀
✅Like and subscribe to never miss a new idea!✅
USDCAD LONGMarket structure Bullish on HTFs 30
Entry at Daily AOi
Weekly Rejection At AOi
Previous Weekly Structure Point
Daily Rejection At AOi
Previous Daily Structure point
Around Psychological Level 1.40500
H4 EMA retest
H4 Candlestick rejection
Rejection from Previous structure
Levels 6.32
Entry 110%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
USDCAD Correction ImminentHello,
FX:USDCAD has reached a new high. Once sufficient resistance is established, a decline is anticipated. The initial test will be the monthly pivot point (1M PP) and the subsequent support structure. A break below this support would confirm further downside potential.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
From our previous USDCAD AnalysisOur Yesterday's Gopher Setup Seems to be playing really well, Taking Out partials and leaving the rest with breakeven might not be a very bad idea afterall
USDCAD - Reversal Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈As per our last USDCAD analysis (attached on the chart), it rejected the lower bound of the wedge pattern and traded higher.
As USDCAD approaches the upper bound of the wedge, as marked by the red circle, I will be looking for bearish reversal setups to confirm the bearish correction.
For now, we wait!⏱️
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USD-CAD Bullish Breakout! Buy!
Hello,Traders!
USD-CAD is trading in a
Strong uptrend and the
pair made a breakout of
The key horizontal level
Of 1.4180 and the breakout
Is confirmed so we are
Bullish biased and we will
Be expecting a further
Bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
How High Can USD-CAD Go? USD - CAD has been going up and is in a strong bullish trend according to Ichimoku signals.
Ichimoku:
-Tenkan Sen is avove Kijun Sen and pointing up
-Kumo is up, thick and Senkou Span A and B are pointing up
-Chikou Span is above the candles and has no resistance in the future
-Price broke Yellow focus lines to the upside
Price action:
-broke big inside bar to upside
-broke couple doj at resistance level
-broke resistance level
Price Target:
-Price reached n-target but could get tot V and E, because there are no signals of slowing down.
Weekly is also strong bullish.
*im a beginner trader and learning. I make these analyses for myself. Please comment on my analysis because i want to learn.
www.tradingview.com
Bearish drop?The Loonie (USD/CAD) is reacting off the pivot and could drop from this level to the 61.8% Fibonacci support.
Pivot: 1.4244
1st Support: 1.4177
1st Resistance: 1.4288
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 IdeaUSDCAD
My Bias:11 Dec 2024
Reversal/Bearish Indications:
1-USDCAD moving inside the trend channel since Nov-2023
2-Price is respecting upper & lower trend lines strongly since Nov-2023
3-Lower trendline is being respected since July-2021
4-Formation of Crab Reversal Harmonic Pattern and PRZ along with bearish divergence on DTF
5-Formation of BAT Reversal Harmonic Pattern and PRZ along with bearish divergence on 1HTF
6-Currently, Price is hesitant to cross strong weekly resistance & supper trendline of 1.41883.
7-DXY index is extremely bullish
8-94% traders are short on sentiments (Strategy-2)
9-BOC cut 0.50 BPS rate from 3.75 to 3.25 which means CAD will bearish furthermore.
But the important observation is that CXY is extremely bearish currently. If CXY doens't shows the signs of bullish reversal then there are chances that USDCAD will breaks the upper trendline and may continue upward furthermore.
Note: I am taking this trade even CAD is becoming weak but Crab on DTF & BAT on 1HTF with divergence, Strong resistance, 94% short sentiments convincing me to short this pair.
USDCAD Long Updateusdcad long pattern as flag and pole on 1h time frame posted on 28 November. Final TP is near and 1st TP hit
correctionA corrective and fluctuating trend is expected to form and proceed to the specified Fibonacci levels. Then the upward trend will likely continue
USDCAD H4 | Bearish Drop?Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 1.4242, a resistance that aligns with the 161.8% Fibonacci extension
Our take profit will be at 1.4185, a pullback support.
The stop loss will be placed at 1.4265, which is a swing-high resistance.
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.
USDCAD Trade Idea👀 👉 USDCAD has shown impressive momentum, rebounding strongly from a key support level. Im looking for a long entry targeting the previous highs as shown in the chart 📢 *Disclaimer: This content does not constitute financial advice.
USDCAD: Excellent short term buy opportunity.USDCAD is heavily bullish on its 1D technical outlook (RSI = 67.681, MACD = 0.007, ADX = 22.105) as it trades inside a Channel Up, supported by the 4H MA50. The 4H MACD is forming a Bullish Cross and in the past 2 months this has been a strong bullish signal. In line with the previous bullish waves, we are aiming for a +2.60% rise from the bottom (TP = 1.42850).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
USDCAD- LONG & SHORT PLANs Based on sentiments and charting pattThere are two Trade Plans;
LONG : If the neck line is broken, we can go for buy opportunity
Evidences: AB=CD pattern , Formation of Cup and Handle pattern
SHORT : Due sentiments and formation of bearish divergence on 4h time frame rejection candle (Shooting star) on strong 1h time frame. if the support is broken, we can look for sell opportunity.
