USDCAD Trade Setup Hello Guys a Quick Weekend analysis on USDCAD for the downside. please like share and comment for your questions, even if you guys require me to provide you with entry and stoploss with the setups the please comment and let me knowShort05:08by Rizwan-AliUpdated 7710
Currency Pair Alert: USDCAD Buy SignalAttention Traders, We have identified a strong Buy opportunity for the USDCAD currency pair based on our analysis using the EASY Quantum Ai strategy. Here are the details of the trade setup: Reasoning: 1. Technical Indicators Analysis: Our proprietary EASY Quantum Ai strategy has identified key technical indicators signaling a potential upward movement for USDCAD. 2. Market Trends: Current market trends show a positive sentiment for the USD against the CAD, supported by recent economic data releases and geopolitical stability. 3. Price Action: The price action analysis indicates strong support around the level of 1.36343, suggesting a good entry point for a long position. 4. Momentum: Momentum indicators are also pointing towards an upward trend, with increasing buyer interest at the current levels. Follow the specified entry, take profit, and stop loss levels closely to minimize risk and maximize potential gains. Always consider your risk management strategies before entering any trade. Stay tuned for more updates and trade safely! Happy Trading, Quant Trading Team Note: This signal is generated using the EASY Quantum Ai strategy.Longby ForexRobotEasyUpdated 1
Weekly Ascending TriangleAn ascending triangle is a chart pattern used in technical analysis to predict future price movements. It is formed by a horizontal line at the level of resistance and an ascending trendline connecting higher lows. Here's a detailed explanation: Structure of an Ascending Triangle Resistance Line: This is a horizontal line that indicates a level where the price faces resistance, meaning it struggles to rise above this level. This line is drawn across multiple peaks at roughly the same price level. Ascending Trendline: This is a line drawn from the lowest low point that slopes upwards, indicating increasing demand at progressively higher prices. This line connects a series of higher lows. Interpretation Bullish Pattern: The ascending triangle is generally considered a bullish pattern. It suggests that buyers are becoming more aggressive, pushing the price up to higher lows, while the sellers are unable to push the price below the resistance level. Breakout Expectation: The pattern is confirmed when the price breaks out above the resistance line with increased volume. This breakout indicates that the buying pressure has overcome the selling pressure, and it is typically seen as a signal to buy. Key Characteristics Volume: Volume typically decreases as the pattern forms and then increases during the breakout. Duration: Ascending triangles can form over a few weeks to several months. Breakout Target: The expected price movement after the breakout is often estimated by measuring the height of the triangle (the distance between the initial high and the lowest point of the triangle) and adding this to the breakout point.Longby BenjaminFib3
USD/CAD BEARS WILL DOMINATE THE MARKET|SHORT Hello, Friends! USD/CAD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.360 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 111
USDCADUpdate on #USDCAD on the daily timeframe Breaking the upward trend gives it an opportunity to target levels around 1.33, provided it maintains below the 1.37 level. Shortby ALSEIF_GROUB1
USDCAD Bearish Move ContinuesOANDA:USDCAD Bearish flag forming yet again with another breakout in the making!Shortby TravCo0
Short trade Tue 9th July 24 13.00pm NY Session PM Sellside 4Hr TF Entry Entry 1.36323 Profit level 1.36078 (0.18%) Stop level 1.36468 (0.11%) RR 1.69Shortby davidjulien369Updated 0
USD/CAD Long (Swing) First idea Post on TradingViewHello fellow traders! Today I am making my first post on TradingView. We'll be looking at FX:USDCAD from my perspective hopefully someone can gain some insight or if i am wrong, you guys can share your ideas with me! This post may seem long to some, Thank you to those who will go through my idea in its entirety. To begin from a fundamental level USD is currently bullish as the now all but confirmed higher rates for longer as inflation has picked back up in the last quarter coupled with the resilient US economy. This should give investors faith in a strong dollar at least until the US elections, unless the backdrop of economic conditions change in the US. CAD is currently dovish with the expectations of a rate cut at the latest in Q3 2024. CAD also released many different statistics this week with almost all of them showing a weakening/constricting economy. With these economic conditions and the rate divergence outlook I believe USD/CAD is fundamentally bullish. Now for the technical analysis A look at the monthly chart: As we can see we are trending upward since June 2021 making HH's and HL's on monthly timeframe. Now let's take a look a look at the weekly: Here we can see it looks as though we are trading in a range from 1.32-33 to 1.38-39 with the past 5 closes and this weeks upcoming close showing strong support at 1.36 but with little conviction to push the price higher immediately. The daily chart: On the daily we recently broke out above the channel and retested the breakout at 1.36 while we may see another test of this level, as stated in my fundamental section I believe the recent news is bullish for DXY/USD and bearish for CAD so i believe it will uphold USD/CAD at 1.365 support before a push higher next week to at least 1.38. I prefer to enter on the 2/4Hr charts using daily/weekly support, however this post is already extremely long for my first post, enjoy! Thank you to anyone who made it to the end of my idea on USD/CAD, I am gonna start posting more ideas mainly on USD/CAD and a few other major pairs as I believe this may help me organize my own thoughts. If anyone has any suggestions or different opinions let me know in the reply section. Stay safe trading and always manage your risk. I am not a financial advisor please do your own research. this is only meant to share my perspective and is in no way guaranteed to be correct. As always anything can happen in the forex markets have a good day everyone! Longby VayzeeUpdated 334
USD CAD Pattern FormationThis pair has been forming a pattern, which looks like a rising wedge. Let us wait and see how this pattern will turn out to be, then we enter our trades.by Vapari_IncUpdated 2
Great asian lows taken outGreat trade and Asian lows taken out nice Time based trade with a clean doji on a FVG USD/CAD has been trading in a range since the start of May. At first it looked like the pair had formed a Symmetrical Triangle pattern but the pattern failed to evolve. The pair’s lack of directionality means the short-term trend is probably now sideways. Given the “trend is your friend” the odds favor a continuation of USD/CAD’s sideways oscillations.by EZIO-FX111
USDCAD WILL EXPLODE BUYFULL MARGIN AND FULL TP TRADE Always use breakeven after 15 and 35 pips TP-------15Pip TP-------35Pip TP-------Full TP Manage SL during news time, intraday trade tp and sl mentioned not a financial advice Longby ArehmanB0
USDCAD Is BearishUSDCAD was unable to overcome the bearish order blocks above the price. The VOLD shows pronounced bearish divergences. We therefore expect prices to fall further in the short term.Shortby OchlokratUpdated 3
USDCAD ShortBased on the previous analysis, the market confirmed the zone and now a bearish momentum has been confirmed.Shortby Vapari_Inc1
USDCAD BUYAnother High probability chance trade * Structure broken * Running flat corrective structure in play * Gap at the bottom unmitigated (1.36161-67 area) * Gaps at top need to be taken out (1.3667-80 area) Entry: 1.36162 Stop loss: 1.36000 Take Profit: 1.3667Longby PIPPINTRADER6
#USD #CAD LONG Set UpLast time we played this falling wedge and it played out in our favor and both the tp's hit. now we see price consolidating in a channel. I have my entry / buy stop at 1.36535 Entry - 1.36535 Stoploss - 1.36241 TP-1 1.36830 TP-2 1.37120 Longby BullBearBTC16
USD/CAD H4 | Pullback resistance at 38.2% Fibonacci retracementUSD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.3669 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 1.3707 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance resistance. Take profit is at 1.3625 which is a pullback support. 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.Short02:58by FXCM113
Possibility of uptrend As long as the price fluctuates above the current support range, the beginning of an upward trend is likely and it can advance to the specified resistance levels. Longby STPFOREX0
USD on power Again!Dxy seems holding good! Triangle closing and most likely a bullish movment!Longby Voldernicus1
Looking to Purchase USDCADIn the current uptrend on the daily chart we have the previous HH and LL marked. Ideally the market is bullish and I will enter long based on price action in or near the demand.Longby JohnnyB618872
Long trade Long Trade Stop Loss: Price: 1.31811 (46.8PIPS) = 0.35% Entry Price: BOS 1.32279 Target 1.38630 (643.PIPS) = 4.87% RR 13.75 Since 27th December 2023Longby davidjulien369Updated 223
USDCADI think, we might have a bounce, I'm looking at this demand as a potential buy zone Longby Mntungwa878
USDCAD looks ready to drop 200 pips The Canadian economy is significantly under-performing the U.S. economy, prompting the Canadian central bank to begin cutting interest rates. Despite this, the Canadian dollar has remained relatively strong. In addition, weak economic data from the U.S. has recently pushed the U.S. dollar to new lows. The charts indicate the potential for even lower prices, as a large descending triangle pattern has formed. This pattern suggests a drop to $1.34, although reaching that low is unlikely. Also, obtaining a good risk-to-reward ratio is possible without holding a short position to 1.34. Instead, I would focus on the $1.35 and $1.3475 levels. As always, do your own research and proceed with caution. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information. Shortby ThinkMarkets7