Possibility of correction It is expected that as long as the price does not stabilize above the green resistance range, we will see the continuation of the downward trend Shortby STPFOREX2
USDCAD SHORTMassive opportunity for usdcad in short. Major resistance area and big space before support,Shortby GostFadar1
USDCAD Outlook Context 30m: USDCAD has been pushing bullish and is in context to continue bullish just like the screener is showing us. We can possibly expect entries on our lower time frames London/NY session this week.Longby angelvalentinxUpdated 1
USDCAD IDEA LONG POSITION Pair : USDCAD Position : LONG ( BUY) Entry 1 : 1.37850 STOP LOSS @ 1.37700 TP 1 @ 1.38000 TP 2 @ 1.38150 TP 3 @ 1.38300 ( Trailing SL ) Longby hamidTrader21Updated 6
HOW DID DO DO THE ANALYSIS ON USDCAD 24Julthe strong analysis for 4 steps 1/ general trendline : uptrend 4hr /1hr & 15 min 2/ determinie zone support & resistance 3/ fib exctentions zone 0.385 & 0.50 4/ confirmations entry position by hamidTrader211
Long trade Mon 22nd July 24 1Ht TF Entry Entry 1.37325 Profit level 1.37479 (0.11%) Stop level 1.37287 (0.03%) RR 3.92 Buyside Tokyo Session 1.00 am Longby davidjulien369Updated 2
There will be a strong landingAccording to the Fibonacci levels, I think there is a stopping point, which is support inside the channel, and then it will return to the riseShortby Saeed9660
USDCAD Simple Trade PlansUSD strength feeding into markets within the current risk off environment, coupled with the BOC cutting has delivered ultimate USD strength over the CAD. We are now arriving at key price action levels post rejection for shorts. Any rises higher may constitute further entries. Be very careful, if price momentum picks up we may see even higher highs beaten relatively locally.by WillSebastian2
USDCAD Simple Trade Plans (Swings)A more dovish fed receiving softer data has brought the USDCAD mostly on par over a longer period of time. The link between the two economies has helped form a very tentative downtrend over the last month. We are now arriving at Key Technical Price Action areas amid a clear downtrend. Swings entries/exits noted, likely to go inline with CB trajectory for the respective economic zones.Shortby WillSebastianUpdated 6
USDCAD RESULTyou can see that our tp was hit successfully. i posted the idea 2 weeks ago and today our tp was hit finally. check my prious posts and drop your comments. FX_IDC:USDCAD Longby clintonHFX1
USDCAD, Time for correction ?Hello traders, hope you are doing great. For upcoming Days, I think we'll probably see a Downtrend correction to specified levels in USDCAD. so with a proper trigger, we can open a SHORT position. and finally tell me what do you think? UP or DOWN? leave your comment below . If this post was helpful to you, please like it and share with your friends. Thanks. Shortby aminrzbUpdated 7
USDCAD Approaching the most optimal sell level.The USDCAD pair is on the 2nd strong green 1W candle, following the rebound on the 1W MA50 (blue trend-line) and is approaching Resistance 1 (1.39000), the October 30 2023 High. This is technically the most optimal sell opportunity on a 1-year basis. The short-term Target is the 1W MA50 (blue trend-line) on a potential contact with the 0.382 Fibonacci retracement level at 1.36450. Target 2 is at 1.34500 (marginally above the 0.618 Fib), which will be a -3.23% ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShot1113
USDCAD SELLHi fellow traders, USDCAD is ready to make a move lower from the blue box after completing the WXY correction. Target the 1.3432 level. Good luck and trade safe!Shortby OGwavetraderUpdated 4415
USDCAD LONGI'm anticipating a potential move to the upside following the recent repricing at the orderblock Longby Xavier254Updated 4430
USD/CAD D1 | Potential bullish breakoutUSD/CAD is rising towards a potential breakout level and could climb higher from here. Buy entry is at 1.3828 which is a potential breakout level. Stop loss is at 1.3760 which is a level that lies underneath a pullback support. Take profit is at 1.3977 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. 68% 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. 73% 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.Long02:55by FXCM2
USDCAD may break through 1.390On the daily chart, USDCAD continues to rise, and the price breaks through the triangle consolidation pattern. At present, the bullish trend is dominant. In the short term, we can pay attention to the support near 1.379. If it falls back and stabilizes, we can consider continuing to go long. The upward target is around 1.390. A breakthrough will further open up the upward space. USDCAD BUY @1.3790 TP 1.3900 SL 1.3750Longby XTrendSpeed2
USD/CAD Price Analysis: Awaiting Confirmation Above ResistanceHello Everyone, The USD/CAD has reached our previous targets! Currently, the price is above the 1D pivot point, which is a positive indicator. However, for further confirmation of an upward trend, I would like to see the price stabilize above the 1D resistance zone. If this stabilization doesn't occur, we might experience a downward movement before seeing any upside. TradeWithTheTrend3344Longby TradeWithTheTrend33442
USDCAD ( BUY ) ready for flight!!Entry Point: Buy at 1.3665 Stop Loss (SL): 1.3618 Take Profit (TP) Levels: TP1: 1.375 TP2: 1.378 Technical Analysis: The 1.3665 level has proven to be a strong support zone, as evidenced by multiple failed attempts to break below it (multiple wicks formed). This indicates strong buying interest at this level. Fundamental Analysis: Current inflation numbers suggest that the Bank of Canada is on track to meet its targets. This leads to the expectation that they might cut rates on July 24, 2024. This potential rate cut is likely to weaken the CAD, making USD/CAD a buy. Timing: Entering the trade 8 days ahead of the expected interest rate decision provides a good entry point before the potential bullish trend picks up momentum. Conclusion: This strategic entry is based on both technical patterns and fundamental expectations. This trade setup offers a favorable risk/reward ratio. Stay alert for any updates as the market evolves. Longby EleazarahmathUpdated 2240
USD/CAD unmoved by Bank of Canada rate cutThe Canadian dollar is almost unchanged on Wednesday, after the Bank of Canada cut rates at today’s meeting. In the North American session, USD/CAD is trading at 1.3778, up 0.05% on the day at the time of writing. The Bank of Canada lowered rates by 25 basis points, bringing the key interest rate to 4.50%. The markets had priced in a rate cut at close to 90%, so the move was widely expected and the Canadian dollar has shown almost no reaction. The BoC has now lowered rates in two straight meetings, as economic data has supported a shift in policy. Headline and core CPI have fallen within the 1-3% target band and monthly CPI posted its first decline since December 2023. The central bank expects the downtrend in inflation to continue in the second half of the year and that inflation will fall to the 2% by 2025. As well, the unemployment rate has risen to 6.4%, up from 5.7% in January. The labor market has performed well under the weight of steep interest rates but is showing cracks. BoC Governor Macklem said after the meeting that if inflation continues to fall as the Bank expects, “it is reasonable to expect further cuts in our policy interest rate”. This is a strong signal that further rate cuts are coming, barring any unpleasant surprises from inflation. There is still more work for the BoC to do, but it is unlikely to cut rates again before the Federal Reserve does so, as further widening of the US/Canada rate differential will weaken the Canadian dollar. The markets have priced in a Fed cut in September at above 90%. USD/CAD has support at 1.3774 and 1.3703 There is resistance at 1.3820 and 1.3891by OANDA7
FAST SHORT OPPOTUNITY FOR USD/CADIt seems that the bullish power of the USD/CAD is slowing down, its a great time for us to wait for a breakout and enter into a short trade as we believe that a correction is pending.Shortby wk7066Updated 2219
Possible drop on USDCADUSDCAD just touched a trendline resistance on a daily timeframe, the resistance zone has successfully push the trade down twice and we expect a new bearish movement from that zone Shortby Adhemola2
USDCAD - Bearish Reversal - Double TopUSDCAD - Potential Bearish Reversal on the break of Neckline after a Double Top Formation and strong Bearish Divergence on the RSI on H1 TF. Trade Call: Short Entry: 1.37768 SL: 1.38027 TP1: 1.37509 TP2: 1.37250Shortby WaqasWasi1