USDCAD trade ideas
usdcad still in range ? The USD/CAD is sitting at a critical support level in its rectangular trading range. The VRVP (Volume-Weighted Average Price) shows strong institutional interest right here, and the COT reports suggest leveraged traders aren't aggressively buying USD. This points to a potential bounce or consolidation zone. The daily chart and hourly timeframe are both showing similar signs - we're at a key support where smart money seems to be positioning themselves. It's a classic setup where the market is potentially setting up for a move, but waiting for a clear catalyst.
The key is watching how price respects this support level and looking for confirmation of either a bounce or a breakdown. i would want to see a solid rejection of these lower prices or a clean break below.
if not the range will confirm for now
USDCAD 1 hr Chart Long IdeaHello Friends,
USDCAD found support on 4h timeframe and thus gives us opportunity for long positions.
Entry = Market Price
SL = 1.42509
TP = 1.43751
We can break even the position after crossing 1st resistance at 1.43077
Please like, share, and follow for more ideas.
Thanks
USDCAD is ready to short againNo comment needed. All information is in the chart analysis.
Steps to follow:
Analyze yourself.
Take the position with SL and Take Profits.
Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :)
Get the result.
I will update the trade every day.
Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger!
Good trades, Traders!
The golden bear
USDCAD looks to be continuing downwardUSDCAD will continue down the downward channel, breaking support below. Then we will wait for the retest of resistance before we place the trade. If it breaks the top channel trendline it will continue upwards to the next trend line in chart. also, wait for retest of that scenario as well.
USD/CAD(20250325)Today's AnalysisToday's buying and selling boundaries:
1.4294
Support and resistance levels:
1.4357
1.4333
1.4318
1.4270
1.4255
1.4232
Trading strategy:
If the price breaks through 1.4294, consider buying, the first target price is 1.4318
If the price breaks through 1.4270, consider selling, the first target price is 1.4255
I'm adding more USDCAD short here!!I've not been happy with UCAD price movement. It is fast. Hit me out fast or go for TP, but either one, be fast about it. This guy has been going down albeit slowly. I'm adding more positions here as I know it will fall.
Dont mind those telling you to buy, it is not buying. You're still early to the move.
Ya gaziere unu
USD/CAD(20250325)Today's AnalysisToday's buying and selling boundaries:
1.4318
Support and resistance levels:
1.4379
1.4356
1.4342
1.4295
1.4280
1.4257
Trading strategy:
If the price breaks through 1.4342, consider buying, the first target price is 1.4356
If the price breaks through 1.4295, consider selling, the first target price is 1.4280
USD/CAD(20250324)Today's AnalysisToday's buying and selling boundaries:
1.4345
Support and resistance levels:
1.4404
1.4382
1.4368
1.4322
1.4308
1.4286
Trading strategy:
If the price breaks through 1.4345, consider buying, the first target price is 1.4368
If the price breaks through 1.4322, consider selling, the first target price is 1.4 308
