USDCAD FOR BEARISHLooking for this structure. I will wait. Trade carefullyShortby ewtradersbhUpdated 223
USDCAD Will Go Lower From Resistance! Sell! Please, check our technical outlook for USDCAD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.362. The above observations make me that the market will inevitably achieve 1.356 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 112
USDCAD short ideaafter retest usdcad sell idea wxy correction in action short position stay safeShortby ForexPrime447Updated 7
USD/CAD - Triangle Breakout - Weekly ForecastThe USD/CAD pair on the H8 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming Days. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.3650. Target Levels: 1st Support – 1.3465 2nd Support – 1.3364 Stop-Loss: To manage risk, place a stop-loss order above 1.3800. This helps limit potential losses if the price falls back unexpectedly. Thank you. Shortby KABHI_FOREX_TRADING668
USDCAD Ideas for next week.Hello, I'm here just to share my thought based on my analysis.Longby xsieyanpiece1
Send itBounce from weekly tend line and support zone. It’s repeating a yearly pattern with a wave up.Longby ICpatternsPPL6
Sellside Sellside 1Hr Tf Entry 12th July 24 Entry 1.36236 Profit level 1.36079 (0.12%) Stop level 1.36347 (0.08%) RR 1.41Shortby davidjulien369Updated 0
Short long Sellside 1Hr Tf Entry 12th July 24 Entry 1.36236 Profit level 1.36079 (0.12%) Stop level 1.36347 (0.08%) RR 1.41Shortby davidjulien369Updated 0
USDCADPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas. With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis. And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message.. Enjoy Trading... ;)by sepehrqanbari3
USDCAD 12/jULY/2024 backtestingInitially bearish, but had to change my bias to a bullish one for 3 REASONS 1. FVG at Daily Timeframe 2. Bullish moment detected at a weekly Zone 3. CPI news sentiment at 1:30pm GMT+1 Core PPI m/m was previously 0.0% and forecasted to be 0.2% - Bullish 4. A pattern formation of my strategy at new york openLong01:32by truthprincipal1
USD/CAD, Short potentialI been having success with my simple strategy. I am going short, because it broke a resistance level that was tested seven times on the daily, then retested, and failed to break again so it created a supply zone on the 4hr chart.Shortby AlbanianMMFXTUpdated 2
Possibility of uptrend It is expected that the price will change the trend in the current support range and the beginning of the upward trend will be formed. Otherwise, it will be possible to continue the corrective process until the next support range, and then expect a change in the trend Longby STPFOREX3
USDCAD is a short The management are having trying period .. The industry is going through a consolidation period, It's economic factor is weak enough to push the price down a bit Shortby DolapoJebe1
idea on a chart WE have a great idea on a chart US CPI data will likely be inconclusive - Weekly jobless claims data could be a flash-point. - US dollar steady but on the defensive after quiet overnight session. USDCAD: open 1.3631, overnight range 1.3614-1.3640, close 1.3621, WTI $82.24, Gold, $2384.09. The Canadian dollar traded uneventfully overnight and opened in Toronto near the top of its USDCAD range. The Canadian dollar gains are solely because of renewed hopes for an earlier-than-expected Fed rate cut, thanks to Fed Chair Jerome Powell’s testimony to Congress on Tuesday and Wednesday. Mr. Powell reinforced those hopes when he responded to a question on rates saying, “It doesn’t seem likely that the next policy move would be a rate increase. As we make more progress on inflation, we begin to loosen policy at the right moment.” Many traders are hoping that the first rate cut would occur in September. Another Senator asked him if cutting rates in September could be seen as a political move. He was not impressed and said, "Our undertaking is to make decisions when and as they need to be made, based on the data, the incoming data, the evolving outlook and the balance of risks, and not in consideration of other factors, and that would include political factors. We have a long history of doing that, including during election years. Anything we do will be very well grounded. It's just not appropriate for us to get into the business of thinking about election cycles at all, one way or the other." That is Fed speak for "NO."by EZIO-FX111
Short-term downward trendA personal view of the analysis of the US dollar against the Canadian dollar 1. The structure of the trend in the four-hour period is bearish 2. The price has reached the key and psychological support level of the market at 1.3588 3. Area 1.3664 attracting remaining sell orders 4. Expect a downward movement to the key support of 1.3588Shortby majidhossine1
USDCAD 11-07-2024The benefit of using trading view is that it helps you to easily see supply and demand zones. The red horizontal lines are supply zones while the green horizontal lines are demand zones. If you still don't see that FX:USDCAD is in an uptrend, you should see that the resistance or the pair is supplied at 1.46250 and support at 1.21250. You should easily see the boxes around 1.46250 as our resistance zone, I use price levels. The support zone has a box around it as well on price level 1.21250. Using this simple analysis, I frame the long term direction of FX:USDCAD as bullish because price was supplied at 1.46250 on 22-03-2020 and demanded at 1.21250 at 26-05-2021. Therefore as a trader I am looking for bullish entries. With risk management, buying this pair, you can make some bucks. A conservative trader will wait to buy around 1.33750. This is because price has been rejected from 1.38750 price level (Zone will be 1.38750 and 1.375) and supported at 1.31250 (zone will be 1.31250 and 1.3250) I will place a pending buy stop at initial high of the week 1.364 and take small profits along the way Entry price: 1.364 Take profit 1: 1.375 Take profit 2: 1.397 Take profit 3: 1.4625 Lot size: 0.01 Weekly bias: Bullish Long term: Bullish Let me know what you think. Feel free to like, share or boost. Disclaimer: Not a trading advice, educational purpose onlyLongby topekekere1
UC double bottom formingCurrently UC is creating a double bottom. right leg is pushing up. buy now. my entry is 1.35950 and my sl is 1.35500. use proper risk management. this is a swing trade. Longby PipSharkk4
USDCAD to make a reversal on daily support?USDCAD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 1.3600. Price action looks to be forming a bottom. We expect a reversal in this move. Momentum is flat, highlighting the lack of clear direction. Risk/Reward would be poor to call a buy from current levels. A move through 1.3625 will confirm the bullish momentum. We look to Buy at 1.3600 (stop at 1.3572) Our profit targets will be 1.3670 and 1.3685 Resistance: 1.3625 / 1.3640 / 1.3650 Support: 1.3610 / 1.3600 / 1.3585 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed. Longby OANDA4
USDCAD ShortIf you check at the earlier analysis, the prediction was to recheck the support zone. If we now use the higher time frame, we will enter the sell once it has retouched that zone.Shortby Vapari_IncUpdated 4
Is USDCAD Preparing for a Potential Buy?USDCAD has been fairly ranging since April and we are looking to buy at the low of the range. Price could buy at the 1.35800 price point... (If that area holds)Longby SheTrades_RSAUpdated 1110
USDCAD - 2hrs ( Sell Trade Target Range 180 PIP ) Pair Name : USD/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bearish Break 1.36300 Area Reasons - Major Turn level - Visible range Hvn - Major Trend Break - Channel middle Band - Fixed poc - Day / week low Bullish Reversal 1.34000 Area Reasons - Mjaor Turn level - Visible Range Hvn - Pattern Target - Choch Zone - Quarters Area - Fibo Golden Shortby GoldenEngineUpdated 1124
USDCAD - BUYConclusion Overall, the USD is likely to remain strong or potentially strengthen further against other major currencies due to robust labor market data and moderating inflation, which suggests a stable economic outlook and less aggressive monetary easing by the Federal Reserve. However, market 24 pip USDCAD are the most reliable for returning to previous levels after News moves. Jobless claims lower than expected robust economy by NZ_Shareman0
USDCAD Trading Plan - 09/Jul/2024Hello Traders, Hope you all are doing good!! I expect USDCAD to react from the highlighted zone. Currently USDCAD is correcting for another leg up, however, I am still seeing one more down after this leg up to complete bigger structure. Plan to Trade: If market gives bullish reaction at zone, I am a Buyer till 1.367 area. Look for your BUY entry setups as per the above expectations. Your follow and like will be a token of appreciation. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.Longby For3xScalperUpdated 5