USDCAD trade ideas
Is USDCAD ready for a shift? Watch the resistance zone!USDCAD is approaching a critical resistance zone between 1.39 and 1.396. Despite the upward price movement appearing persistent, it seems unsustainable, indicating a potential downside move toward the 1.37 to 1.38 range. As long as USDCAD remains below 1.396, the potential for a downward shift is likely.
USDCAD! 10/30 ! Resistance H4 SELL signal USDCAD trend forecast October 30, 2024
The USD/CAD pair continues its upward trend on Tuesday, rising 0.23% to 1.3910, near Monday’s three-month high of 1.3908. The Greenback's strength, coupled with a drop in oil prices, supports this movement. Positive US economic data has fueled expectations for Fed rate cuts in November. September’s JOLTs report was mixed but slightly below forecasts, while August home price indices exceeded expectations, indicating persistent shelter inflation.
Resistance H4 - overbought zone. In the context of the falling dollar, inflation cooling down in the US, causing the USD/XXX currency pairs to adjust down.
/// SELL USDCAD : zone 1.39300 - 1.39500
SL: 1.39800
TP: 60 - 100 - 250 pips (1.37000)
Safe and profitable trading
USDCAD Sell Second leg H4Hi Everyone!
Please consider selling USDCAD now, its been in a mega uptrend, but has formed a solid second leg on H4, which makes me believe it might be time for a pullback.
TVC:DXY also seems to be pulling back to the short side.
USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.38500 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.38500 support and resistance area.
Trade safe, Joe.
Shark pattern counts complete and into the 5-0Cd$ setting up for a push down to 13650-70 in a 5-0 continuation from the completed shark pattern .
USDCAD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
USDCAD Awaits Downside ConfirmationHello,
FX:USDCAD has continued its anticipated upward movement, as outlined in the previous analysis. At this stage, a pullback is expected, targeting a downside level around 1.353087. However, for confirmation, the pair still needs to break through the 1W/1D support structure. Key resistance levels to watch are 1.390418, 1.389689, and 1.389446.
TradeWithTheTrend3344
USDCAD SELL SETUP !!“The biggest risk is not “The biggest risk is not taking a risk. In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” – Mark Zuckerberg
USD-CAD Resistance Ahead! Sell!
Hello,Traders!
USD-CAD is retesting a
Horizontal resistance
Of 1.3980 and the pair is
Clearly overbought so
We will be expecting a
Further move down
Sell!
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USD_CAD STRONG RESISTANCE AHEAD|SHORT|
✅USD_CAD has been growing recently
And the pair seems locally overbought
So as the pair is approaching a horizontal resistance of 1.3976
Price decline is to be expected
SHORT🔥
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As a beginner trader...It's important for you, as a beginner trader, to utilize htfs, because it's slower price action. You need to clearly decipher your overall bias and market direction. Use a ltf to look for trend.
USDCAD / LONG / M15USDCAD may rise from the Bullish Order Block
Bullish Order Block: 1.39140 and 1.39082
USDCAD is positioned near the bullish order block, and the price has already touched this zone, suggesting potential for an upward movement. Using SMC for analysis, this setup shows high probability for profit. Let’s observe how the price reacts from this level!
USDCAD / LONG / M15
Lot :- 0.2
Entry Price :- 1.39144
Take Profit :- 1.39326
Stop Loss :- 1.38961
Technical analysisIn case of failure, we will have the specified goals with confirmation.
We are currently considering the overall view for next week. In Pullback, we enter into a transaction with capital management. If the price is rejected, we will monitor the sales transaction.
@chart_list
USDCAD with two probabilities for 11/4/2024This is my idea Nbr 25 after 23 ✅️
USDCAD with a high probability to make the decision for 11/4/2024 ✅️ :
🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss.
🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
USDCAD - Dump n Pumps - Buy Setups Look at price reaction(closed candles)as China session opens. If price reaches below the 50% Fib level (15min-chart white - minor structure), look for China to create that LOD to push price back up to HOD. The Gap Time(orderflow)to either work into China's LOD or take it when London session opens for the rise back up to create a new London HOD. Overall look for your buy setups. NY session also.
USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around USDCAD for a buying opportunity around 1.39200 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.39200 support and resistance area.
Trade safe, Joe.
USDCAD_4Hhello
Canadian dollar currency pair analysis
Elliott wave analysis style
The market is in five ascending waves, and we are currently in the 3rd wave, where the final target can be considered as 1.40000.
The bottom of wave 4 can be considered as 1.38000.
We buy downward corrections.
USD CAD Bearish viewExpecting USDCAD to fall from this level. Entry would be after the reversal pattern formed in that area.
This is just for an educational purpose only.
USDCAD 4hr LongUSDCAD
🚀4hr Long🚀
💰ENTRY: 1.39302
👎STOP LOSS: 1.38910
TP TARGETS
⏰TP1: 1.39684
⏰TP2: 1.40082
⏰TP3: 1.40483
✅ 1. Daily Time Frame: Price has been breaking bullish and trending above the 10/50/200 EMAs.
✅ 2. 4hr Time Frame: Price has made a valid pullback into the 10 EMA with at least 2 bearish candles.
✅ 3. Price has made a 123 Advanced Engulfing candle above the 50ema.
This is a great example of the 123 Advanced Engulfing strategy.
USD-CAD Short From Resistance! Sell!
Hello,Traders!
USD-CAD went up sharply
And the pair is locally overbought
So after the pair hits the
Horizontal resistance of 1.3980
We will be expecting a
Local bearish correction
Sell!
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USDCAD forecast in 15 time frameAlthough you shouldn't forecasting in the financial markets, especially Forex , and you should make decisions according to the dashboard and fundamental and technical data, but i like to make predictions!
I think the ceiling and floor of the weekly channel and based on the growth of the SP500 index and the downward trend of the DXY index until the end of the week, I hope something like this will happen.
