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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

USD / CAD POTENTIAL BULLISH OPPORTUNITIY. DESCRIPTION: As we can clearly see USD / CAD in a simple trading feature has broken the very strong resistance on a very strong weekly TF. The pair has retested the broken area then rapidly moved up ( break and retest ) as we understand it , giving us further indication that this is no fake out or there is potential to look for bullish gain. 200 and 50 EMA are below the range further solidifying for this pair momentum. Lastly again a demand zone after break and retest has also been broken and the price again went up , giving us a extra strong hint of price future direction. A potential to go long is there , I will be looking to enter on smaller TF , on given opportunities.
Long
by rubinGrg
POTENTIAL SHORT OPPORTUNITY USDCADHello everybody hope you are doing awesome! Just wanted to come on here and give a potential swing trading opportunity I see on the US DOLLAR VS CANADIAN DOLLAR (USDCAD). So let's dive in! Okay so let me give a breakdown for each timeframe of what I am seeing that led to my bias of the next potential move on USDCAD being to the downside for this upcoming week. Weekly Timeframe 1. Price is overbought coming into a past supply/resistance zone. Price last week left a downside wick (hanging man) formation which I believe will be filled 2. There is a nice demand zone and bullish trendline lining up to the downside (ALSO fib retracement 78.6% confluence) Daily Timeframe 1. Price is slowing down 2. Extreme bearish divergence on the daily timeframe 3. RSI is in overbought conditions (which you can see what has happened in the past) 4H Timeframe 1. Watching the buyer momentum making sure it isn't too strong (dominant) 2. Extreme bearish divergence as well 3. Watching for a run of weekly highs and maybe double divergence/run of highs ALRIGHT! Hope that made sense! I definitely see a good amount of potential confluence here on this setup so let's see how price forms this week and see if it plays out to the downside! If you enjoyed the analysis as always please boost this post and follow my page for more analysis! Cheers!
Short
by JosePips
10
USDCAD: ITF CURVE ANALYSIS (5D/12H) - DOWNTREND✨ USDCAD: ITF CURVE ANALYSIS (5D/12H) ✨ (DOWNTREND) SLO2 @ 1.40354 ⏳ SLO1 @ 1.4020 ⏳ MO @ 1.4000 - TIRGGERED (FOR THE BRAVE) SSO1 @ 1.38219 ⏳ TP1 @ 1.34155 TP2 @ 1.30740 TP3 @ 1.28224 TP4 @ 1.24338 TP5 @ 1.2150 (Secret TP) BLO1 @ 1.23404 ⏳ (DO NOT SET - ALLOW PA TO PASS/THEN SET AS BSO) BLO2 @ 1.21137 ⏳ 🔑 BLO = BUY LIMIT ORDER BSO = BUY STOP ORDER ITF = INTERMEDIATE TIME FRAME MO = MARKET ORDER PA = PRICE ACTION SLO = SELL LIMIT ORDER SSO = SELL STOP ORDER TP = TAKE PROFIT NOTE: This pair owes me money.... angry trade. FOR VIEWING PURPOSES ONLY.....LOL Intermediate time frames (4 hours to 6 day): — Offer a clearer picture of the underlying trend compared to short-term frames. — Provide more opportunities for confirmation signals and technical analysis. — Allow for more flexible trading schedules, trades can be held overnight. — Suitable for swing traders and some positional traders.
Short
by oktane
1
USDCAD Buying ideaAs indicated by the drawings. There are some things we need to understand . 1. The resistance zone one the Hour , and the 4 Hrs TF which are used for the analysis , rather intraday bias has been Violated . 2 observe keenly that after the break, there has been a undoubted close of the candle above the resistance zone showing that the bulkish market as per the breking hour is unchallenged. 3. Observe a consolodation of different players in the market structure has been observed prior the break 4. What we expect next after an impulsive move is a corrective move. 5. We wait for the bearish correction upto the last breaking structural zone to tap out the structural pool for a confirmation of the entries.
Long
by DIGITALASSETSINC
2
This #1 CandleStick Chart Pattern Is My FavouriteAm always thinking about how to keep my spending costs on consumer foods to low-cost because if you have been reading about me In these journals, you will know that i like sweet milk but am running low on savings and maybe am thinking about cutting on this consumer good found in retail shops both large and small Look at the following economic data for this week that is influencing this forex pair: • Inflation rate year over year is projected to increase • The core inflation rate is projected to remain flat • retail sales month over month is projected to fall Retail sales are looking like they will fall meaning businesses in the retail space are struggling to make profits. This is because of the rise in inflation. Look at this chart of CAPITALCOM:USDCAD It has my #1 favourite candlestick pattern called the rising white soldiers If you would like to learn more about candle stick patterns check out Steve Nisson’s book on candlestick charting does this mean am a chartist? Yes being a chartist will give you an edge in the market but you can also hang on to trend analysis such as the rocket booster strategy if you would like to learn more about the rocket booster strategy check out the references below. Rocket boost this content to learn more Trade safe. Disclaimer: Trading is risky please learn risk management and profit taking strategies because you will lose money whether you like it or not
Long
by lubosi