Potential entry for USDCADIf USDCAD drops lower I'm expecting a buy at my first level, if it doesn't hold, then I'm expecting a sell down to the lower zone marked on the chart, watch out for break and retests too.
USDCAD trade ideas
USDCAD Technical Analysis! SELL!
My dear subscribers,
This is my opinion on the USDCAD next move:
The instrument tests an important psychological level 1.3887
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.3843
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
sweetest everyou should forget about BTC or any othe cryptos.
we have USDCAD in forex so are you ready for one of the longest and sweetest journey ever ?
the cup and handle and after that pretty double bottom are clearly visible .
you don't need any indicator for this .
price action is enough it self.
i strongly suggest you to check my USDJPY and GBPCAD articles .
this one is like those ;)
so let's ride it !
Possible further continuation on USDCADPrice has seen a bullish week🔥📈⬆️. We also witnessed weak Canadian data on Friday, further putting pressure on the Canadian dollar and more power for the Us dollar as price is rushing for weekly HH💰where external liquidity is present. This is due to price reacting to a discount weekly demand zone and giving out momentum.
We have a new HH & HL caused by a break of structure to the upside with momentum. This is perfect trend due to rapid formation of new HH and HL.
Next week is christmas day for Fundamental traders due to multiple high volatility economic events🇬🇧🏴🇨🇭🇺🇲🇪🇺🇨🇦. This could also add to our setup for the week as fundamentals usually add momentum to the market.
📈📊Our trading idea is bullish, whereby one of these two demand zones is expected to hold and push price further as per trend. Also taking note that price is rushing for external liquidity, we can anticipate a larger move upon reaction to our zone targeting our last HH.
💰 Apply good risk management 💰
a clear chance1st tp ATH
Canada continues to see the downside opening up in economic data prints, spurring the BoC to step up the pace of rate cuts heading into the end of the year. Canadian Retail Sales figures from August are slated to print on Friday, and are expected to stick to the trend and moderate further. However, the long-dated data is unlikely to spark much movement.
* PLEASE MAKE SURE TO VISIT RELATED ARTICLES WHICH MENTIONED BELOW
USDCAD Weekly Head and ShouldersA trade above 1.40210 would complete the head and shoulders pattern with a a price objective of 1.46417
IBKR:USDCAD
Buy USDCADOverall Uptrend.
Gave extra SL due to news later.
The upside of this, this trade can play out pretty well but the risky part will be the news spread and slippage on your brokers.
USDCAD TODAYUSDCAD TODAY after strong move up is bulish.
Everymove down is good opportunity for buy.
I expect new high
update USDCAD movementUCAD is moving according to yesterday's prediction, maybe I will hold this short position for a rather long period of time
USDCAD developing an ascending wedge ahead of data today! Intraday Update: Ahead of the Canadian retail sales the USDCAD may be developing an ascending wedge into a longer term 88% retracement. A move to 1.3890 may find resistance with support at 1.3830.
Ascending wedges are reversal patterns by default.
USD/CAD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
It makes sense for us to go long on USD/CAD right now from the support line below with the target of 1.384 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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USDCAD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD with two probabilities for 10/25/2024USDCAD with a high probability to make the decision for 10/25/2024 ✅️ :
🔸️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 - Bearish Break out Expected from Wedge PatternUSDCAD has been trading with in rising wedge formation and the pair is in overbought phase for long. Divergence is printed on Awesome Oscillator but we need to wait for a clear and clean candle closure below the lower bound of rising wedge to open short positions.
signal sell for USDCADI see a sell signal in the medium term for this pair, analysis based on market structure and supply demand, it is interesting to open a sell position in this area because the risk to reward is quite reasonable
USDCAD H1The USD/CAD pair was able to withdraw sellers' liquidity, so we are looking for short selling from 1.3835 levels.
With our targets at levels: 1.3765.
Second target: 1.37067.
Third target: 1.3665.
Stop: 1.38715 and stability above it is an hourly candle.
OANDA:USDCAD
USDCAD is BearishPrice was in a strong uptrend, however a matured bearish divergence on four hourly time frame, hinted the control of bears. The notion was further affirmed by the break of previous higher low. If the bears continue to exert pressure then we can expect further slide in price as per Dow theory. Targets are mentioned on the chart.
USDCAD is BearishPrice was in a strong uptrend, however a matured bearish divergence on four hourly time frame, hinted the control of bears. The notion was further affirmed by the break of previous higher low. If the bears continue to exert pressure then we can expect further slide in price as per Dow theory. Targets are mentioned on the chart.
USDCAD BEARISH CONFIRMATION?Just as predicted, USDCAD sees rejection from that zone, and could see more bearish momentum in the following weeks
