USDCAD trade ideas
USD/CAD Consolidating Ahead of Fed and BOCChart Analysis:
The USD/CAD pair remains in a well-defined consolidation zone (highlighted in beige) after its prior bullish rally. The range-bound price action reflects indecision, with traders waiting for a breakout to determine the next trend direction.
1️⃣ Consolidation Zone:
The pair is trading within a range between 1.4300 (support) and 1.4500 (resistance).
Multiple tests of both boundaries suggest these levels are pivotal for near-term price action.
2️⃣ Moving Averages:
50-day SMA (blue): Located at 1.4250, providing dynamic support near the lower boundary of the range.
200-day SMA (red): Positioned at 1.3835, signaling a long-term bullish bias.
3️⃣ Momentum Indicators:
RSI: At 55.57, in neutral territory, indicating a lack of strong momentum in either direction.
MACD: Trending slightly above zero but flat, reflecting subdued momentum.
What to Watch:
A break above 1.4500 would signal a resumption of the bullish trend, potentially targeting new highs.
Conversely, a break below 1.4300 could trigger a bearish correction toward the 50-day SMA and beyond.
Watch for sustained volume and momentum to confirm any breakout direction.
The USD/CAD pair is at a crossroads, with its consolidation phase setting the stage for a significant move. Traders should monitor the range boundaries closely for breakout opportunities.
-MW
USDCAD SELLLooking to sell USDCAD around 1,44040 towards 1,43600. The CAD is looking to gain strength ahead the highly anticipated interest rate tomorrow. Expecting some volatility from this pair
USDCAD could soar if tariffs are implemented this weekendWatch out video to learn more.
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USDCAD consolidating - wait for breakout and retestPrice is at a second major resistance zone
Before price reached this level it broke out of the first resistance
Currently price is consolidating near our second resistance
Wait for a zone breakout and retest before placing any trades
USDCAD Swing trade idea 27/01/2025USDCAD is approaching the key 1.47000 zone, a level untouched since 2003. It’s only tested this area three times (2016, 2020, now), each time rejecting with ~3,000 pip drops. With CAD weakening, a retest of this zone could happen in the coming weeks.
Stay alert!
USDCAD TO SHORT THEN LONGI also have USDCAD on my radar, expecting a buy overall, but for that to happen, I am expecting a third touch to the trendline above or an arc at the ray line above to short for a third touch on the daily trendline and place buys from there.
USDCAD H4 SWING OPPORTUNITY Take a look from the LQD that started from the festive period of Dec 18. On date Jan 03 when banks and institutional traders are opened after the holiday, price perform a choch to the downside which is indicating a possible sell, during Pr. Trump inauguration price performed a fake out to the upside and immediately returned to the LQD. Price have failed to continue to the upside and currenting preforming a double top which is a higher probability of sellers control and we look forward to the downside of USDCAD this week/next week
USDCAD BULLISH FOR 100PIPS. Entry Point:
Current Price: Check the current price of USDCAD. A good entry would typically be on a pullback or a confirmation of bullish momentum.
Technical Analysis: Identify a support level or a technical signal (e.g., price action, moving average crossover, or bullish candlestick patterns) to enter the trade.
2. Target (100 Pips Bullish):
If you're aiming for a 100-pip gain, the target price would be set 100 pips above your entry point. For example, if your entry is at 1.3450, your target would be 1.3550.
Use resistance levels or previous highs to validate that your target aligns with realistic price movement within the given timeframe.
3. Stop Loss (30 Pips):
Set the stop loss 30 pips below your entry. If your entry is 1.3450, the stop loss would be at 1.3420.
Ensure that the stop loss is placed below a key support level to avoid being prematurely stopped out due to market fluctuations.
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CFDs are complex instruments and come with a high risk of losing your money.
posibility of uptrendIt is expected that the price will change its trend within the specified support range and we will see the start of the upward trend. If the price passes the support range and stabilizes, a downward trend will be formed.
I'M SELLING USDCADTP1 @ 1.42600
The sell should be massive.
The area above 1.4386 maybe tapped that's why I made the sl accommodate it.
Duo-Reversal Patterns Show USDCAD Rally "Hanging By A Thread"Price has rallied quite a bit for OANDA:USDCAD since its last visit of the Rising Support @ 1.34189 and we currently see Price showing quite a bit of exhaustion at the March 2020 Highs @ 1.44664!
This exhaustion comes in two Reversal Patterns:
Advance Block - 3 Candlestick Reversal Pattern
+ (Bearish Confirmation Candle)
Hanging Man - Single Doji Reversal Candlestick Pattern
Both these Reversal Candlestick Patterns and RSI in Oversold territory, spell possible trouble for Bulls in which signaling Bears could potentially overcome and Push Price Down!
This suspected drop in Price could be a Retracement to Previous Structure of Past Resistance @ (1.39775 - 1.38784 ) which happens to land right in the 50% - Golden Ratio Fibonacci Zone.
Fundamentally, USD and CAD both last week showed flying colors when it came to their Employment and Unemployment Results both showing an Increase in Work and Lowering in Jobless. This week will be news heavy for USD with:
Core PPI/PPI - Tuesday
Core CPI/CPI - Wednesday
Core Retail Sales/Retail Sales/ Unemployment Claims - Thursday
If overall week results are negative, we could see USD lose all strength and CAD take the stage!
USDCAD Immediate Support BreakUSDCAD
If USDCAD could break Immediate Support, we should see a nice down swing.
Louw Swing LongWeekly marker is Bearing and also the Daily is Bearish so, am waiting for a marker to come at my Retest then Swing USD/CAD
USDCAD Update - Range BoundDear Friends,
Keynote = Fed Interest Rate Decision: 29th of January.
How I see it:
Pair is still range bound.
Maybe after Wednesday we'll have a clear picture...
Thank you for your time reading my analysis !
Usdcad bearish continuation Last week, we witnessed a surprising move in #USDCAD due to the CAD-CPI.
✔It is still in a downtrend,
👁so we'll wait for a proper retest before entering a continuation trade to the downside.
Sell usdcadStrong sell expected to complete the bearish correction
Monthly selling level
Weekly and monthly bought pair
USDCAD Will Explode! BUY!
My dear subscribers,
This is my opinion on the USDCAD next move:
The instrument tests an important psychological level 1.4323
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.4380
My Stop Loss - 1.4297
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.
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WISH YOU ALL LUCK
USDCAD BULLISH ??On the H4 timeframe, the candlesticks are currently positioned between the middle and lower Bollinger Bands. This suggests an early signal that the price may have reached its daily low. Additionally, the absence of further bearish momentum after the pullback indicates that the downtrend could be losing strength. Based on this analysis, I would consider placing a buy order.
