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USDCAD trade ideas

USDCAD Buying IdeaHello Traders In This Chart Usdcad HOURLY Forex Forecast By FOREX PLANET today USDCAD analysis 👆 🟢This Chart includes_ (USDCAD market update) 🟢What is The Next Opportunity on USDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Channel
Long
by ForexMasters2000
1
let's long USDCAD again !Keep in mind that it was Thanksgiving on Thursday in the United States, so there’s very little in the way liquidity. Canadian traders are on board, but the traders in New York and beyond as far as America is concerned are basically persona non grata. With that being said, the overall trend is to the upside, and I think that is something that you need to keep in the back of your mind. Because of this, it makes a lot of sense that we would eventually see a bit of follow through, but it’s also worth noting that we are at a major area of resistance just above. In other words, it is going to take another fundamental reason beyond what we already have for the US dollar to continue going higher.
Long
by mohammadhassanli
1
USDCAD-Trade Plan (First Week of December)Dear Traders, The price has broken below the 1.39800 level and is currently experiencing a pullback towards this zone. Buying pressure in these areas seems to have diminished, increasing the likelihood of a false breakout. The possibility of the price bouncing back from the 1.41 levels is quite probable, with a target of 1.37000 "If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content." Regards, Alireza!
Short
by alirezak
USD / CAD POTENTIAL FOR BUY OPPORTUNITIES DESCRIPTION USD/ CAD is currently bullish on bigger TF i.e. daily TF , hence my analysis here is based here on the overall swing structure of the Daily swing and ATM the price is at the daily 50 % ( premium zone. hence a potential for opportunities is there. What to look for - In small TF i.e. 4hr ,1hr, or 15 min TF look to see the bullish pattern for the buys i.e. as I have marked in the chart , I will be looking to see if the 1 hour fractal structure ( wick marked in the chart , u can see ) that has been accumulated in the Asian session to be broken and look to entry on the retest of the fractal wick .( NY session will be more ideal for entries. ) MY CONFLUENCES. Market structure belows SWING STRUCTURE OF THE MARKET. IBOS - INTERNAL BREAK OF THE STRUCTURE - SIGNALS POTENTIAL INTERNAL STRUCTURE IS ABOUT TO START / END. FRACTAL STRUCTURE OR CHoCH ( change of character ) , Again fractal structure ffocuses on wick break , shows us internal pull back is about to start or end. Always trend inline with overall swing structure , can trade on certain pullbacks offline with overall swing structure but very cautiously.
Long
by rubinGrg
USDCAD Possible LongsUSDCAD Top Down Analysis M1 : Break through the Previous Monthly High and Also took Massive Liquidity on Left W1 : Took out the Massive Liquidity of Left and Reversed Back D1 : Price pulled back to Daily IMB and Market has shifted on 4H 4H : Market Structure Shift (Bullish) Narrative : * Market has Take big liquidity on the left side on Monthly And Weekly Price Action * 4H Price has been shifted from bearish to bullish and also has retraced To 50%. Long tread possible targeting weak high
by nptrade24
USDCAD Trend Shifts: Testing Key Support LevelsHello, FX:USDCAD is likely to experience further downside as the trend gradually shifts from bullish to bearish. The 1M/1W support levels are expected to be tested once again. For this scenario to materialize, it’s crucial for the price to remain consistently below the 1W pivot point. If it stays comfortably above that level, we could see more upside movement. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
by TradeWithTheTrend3344
TradeCityPro | USDCAD : Divergence Signals and Key Levels👋Welcome to TradeCityPro! In this analysis, I will examine the USDCAD pair from the forex market. The analysis is conducted on the daily timeframe. ⏳ Daily Timeframe: Resistance and Potential Reversal In the daily timeframe, we observe a range (box) between 1.32179 (support) and 1.38632 (resistance) that was recently broken. Currently, the price has reached the 1.40777 resistance level. ✨ A noticeable divergence is present in the RSI oscillator, with a trigger for this divergence being the break below the 55.94 level on the RSI. If this trigger is activated, the price could enter a correction phase. 📈 At the moment, after breaking out of the 1.38632 level and retesting it as support, the price is consolidating below the 1.40777 resistance. If this resistance is broken, the next target will be 1.43824. 🔽 However, if the RSI divergence is activated, a deeper correction may occur. In that case, the price could re-enter the range, with the first support at 1.36023 and the second support at the range's bottom, 1.32179. 💼 Considering the weakening momentum seen in the candles and the divergence signals, the likelihood of a correction is increasing. However, I personally prefer to wait for confirmation from the price to better identify future trends. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
USDCAD Daily: enough rest, lets continue up...After 6 months in consolidation mode the price managed to break the 1.39531 Resistance and re-test the 1.41780 previous resistance from 2020 but didn't have enough bullish gas to close above that level. Now inside a small consolidation between 1.41780 and 1.39531 the bulls are trying to get back on the wheel after a strong bearish reaction on 26th pushing the price to close below the resistance. The RSI is just below the 6-0 level heading to the 50 what may suggest a possible end of the current pullback if this downward move is rejected by the 50 level triggering another bullish move. Resuming the price remains bullish as long it stays above the EMA(21) and above the 1.40065 level but any close below those levels may represents only a short term pullback.
Long
by cyberFX2019
Falling towards overlap support?The Loonie (USD/CAD) is falling towards the pivot which is an overlap support and could bounce to the 1st resistance. Pivot: 1.3951 1st Support: 1.3847 1st Resistance: 1.4036 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1