Usdcad analysis Price has taken the previous low,making it a break of structure.for we waiting for the market to tap into the point of interest before falling even further.Longby Mosetlha3
BUY USDCAD for uptrend continuation BUY USDCAD for uptrend continuation STOP LOSS : 1.3595 There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) ..... The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here Longby BALE_FX8
A Ranging Market - Buy Low, Sell High (USDCAD incoming shorts) USDCAD has recently rejected a key supply zone that has influenced sell positions since October 2022. This rejection sets the stage for a potential decline towards the 1.32 level. The following upcoming news events and data releases are crucial to watch, as they may impact USDCAD's trajectory: May 27, 2024: Bank Holiday (low market activity expected) May 28, 2024: CB Consumer Confidence (impact on USD sentiment) May 29, 2024: No significant news or data releases May 30, 2024: Preliminary GDP q/q, Unemployment Claims, Pending Home Sales m/m May 31, 2024: Core PCE Price Index m/m (a major inflation indicator for the USD) Given these scheduled releases, we anticipate USDCAD to begin its move downward. Stronger-than-expected data supporting the USD could provide resistance to this move, while weaker data could accelerate the decline. Monitoring these events will be critical for traders to gauge the potential direction and momentum of USDCAD.Shortby TheForexMessiah225
USDCAD Bearish trend intact. Not too late to sell.The USDCAD pair gave us a wonderful sell trade on our last analysis (April 17, see chart below) as we caught the exact moment of the rejection and reversal of the 4-month bullish trend: The price has now broken below not just the (dotted) Channel Up but closed below the 1D MA50 too, confirming the trend shift to bearish. As you can see on this 1W chart, the pair always declined more following a break below the 1D MA50 and the minimum drop it has has been -3.23%. As a result, our 1.34500 Target remains intact. A Bearish Cross on the 1W time-frame may confirm an even deeper drop. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShot3
USDCAD Will Collapse! SELL! My dear followers, I analysed this chart on USDCAD and concluded the following: The market is trading on 1.3685 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.3638 Safe Stop Loss - 1.3718 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK Shortby AnabelSignalsUpdated 223
USDCAD Under Pressure! SELL! My dear friends, Please, find my technical outlook for USDCAD below: The price is coiling around a solid key level - 1.3668 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.3631 Safe Stop Loss - 1.3695 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK Shortby AnabelSignalsUpdated 113
Is USDCAD ready for superswing towards 1,31I´m expecting this pair will fall deeper after breaking 1,36. I´m suggesting to wait for a retest, monitor it on a lower TF like 1H-4H and enter to the trade just after retest is connfirmed, Do not enter blindly on the entry line, it is not a trigger. TP your trade partially on the black lines. Wish you good luck.Shortby Rendon12
USDCAD at major supportIntraday Update: USDCAD is at key support, a break of 1.3620 then 1.3580 today would be quite bearish the pair. CAD GDP and US PCE data on deck!by ForexAnalytixPipczar2
USD/CAD (dollar-canada): as textbook as it getsObserving the Monthly-timeframe movement on USD/CAD, it could be inferred that the price has rejected the upper barrier of the rectangular range as mapped on the graph and formulated a new top. From here, in the upcoming long run, we are anticipating for the price to keep declining and, eventually, reach the lower boundary of the channel as indicated on the graph. Shortby Investroy3
correction It is expected that the price will not consolidate above the indicated resistance range. Then the continuation of the correction process will be possible. After the completion of the corrective process and with the condition of stabilization above the support range, the beginning of the upward trend will be probableShortby STPFOREX2
USDCAD Buys BOS in 30 minute to the upside Price looks to be in an uptrend Taking this to previous high.Longby tallbroketraderUpdated 4
USDCAD - DOUBLE BOTTOM 🚀Hello Traders ! On Wednesday 15 May, The USDCAD Reached a Strong Support Level (1.35898 - 1.36168) and Failed to Break it. The Price Formed a Double Bottom Pattern. At The Moment, The Neckline is Broken! So, I Predict a Bullish Move📈 --------------- TARGET: 1.36780🎯Longby Hsan_BenhmedUpdated 131324
USDCAD : Short Trade , 4hHello traders, we want to check the USDCAD chart. The price is moving in a descending channel and has pulled back to the ceiling of the channel and the specified key level. We expect the price to maintain its downward trend and the price will fall to around 1.36000. Good luck.Shortby mrAT_Trader8810
USDCAD IDEAThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyby akmalsabran902
Buy Opportunity at the 38.2% Fibonacci Level (1.3704)We are looking to buy at the 38.2% Fibonacci retracement level, which is at 1.37. Yesterday was a big profit day for us 70 pips profits, especially with multiple pairs including USD/CAD, which saw significant upward movement. - Current Trend: We remain bullish overall. - Correction A correction is coming before the bulls return This correction has plenty of room to move lower without impacting the higher trend. Target: Our target for this move is 1.3743, which aligns with yesterday's high. Entry Details: - Entry Level 1.37048 (38.2% Fibonacci retracement level) - Target: 1.3743 - Stop Loss: 1.3658 This setup aims to capitalize on the potential continuation of the bullish trend while managing risk effectively.Longby EleazarahmathUpdated 2
USDCAD SELLHi fellow traders, USDCAD is ready to make a move lower from the blue box after completing the flag correction. Target the 1.3563 level. Good luck and trade safe!Shortby OGwavetraderUpdated 3
90% TRADE PROBABILITY - SELL USDCADAs shown , Goodluck the Market is fully priced for the USD rate hike ! expect USD to get lower whenever there is a chance Shortby solimanz82Updated 2
USDCAD USD Jobless Claims tad Higher Negative for USD Higher Time Frames Very Bearish Little 20 Pip Scalp All Dollar pairs Selling Off All AUD and CHF Buying Just used USDCAD as was first one with easy potential Target Shortby NZ_Shareman2
5/29/24 - USDCAD buylooking to take buys into the first 15 min target and beyond if presented waiting on entry confirmation (retracement)Longby victoriaawUpdated 331
USD/CAD Day Trading Analysis With Volume Profile 📊On USD/CAD it's nice to see a strong sell-off from the price of 1.37090. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the strong volume area are my main reasons for this short trade. Happy trading, Daleby Trader_Dale2
USD_CAD GROWTH AHEAD|LONG| ✅USD_CAD is trading along the rising support And as the pair will soon retest it I am expecting the price to go up To retest the supply levels above LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx112
USDCAD Bullish flag forming possiblyOn the photo you can see all the price levels. Overall USDCAD has been strongly bearish movement but price has a had a short term bullish move. Currently I am seeing a bullish flag forming. Price is coming back to a very strong Weekly and Daily support area. I will be looking for longs at this price Lvl as I believe we might see a reversal in trend. Also we have news that is looking for strong for USD that I believe might help push the reversal. Happy trading. This coming week is going to be very interesting. Longby RobertTMFX1