USDCAD Moday setup This is the expected move today on USDCAD price has to fill the imbalance to move upLongby GoldenB553
USDCAD LONG ON 4H, EXPECING BULLISH MOMENTUNUSDCAD is moving upword trend and cross the trendline resistance with good volume we make an entry BUY LIMIT 1.3704 STOP LOSS 1.3652 TP 1 1.3761 TP2 1.3836by waqarAhmed123
Strifor || USDCAD-22/05/2024Preferred direction: SELL Comment: After another price fixation at the level of 1.36000, we are again considering an approach to this level through two scenarios. It should be noted that a fall below 1.36000 is not expected, so it will be very important to exit on time. The most likely scenario №1 involves a fall actually from current prices near the level of 1.36557 . Scenario №2 is more conservative, but at the same time less likely today, which involves a fall from the level of 1.37020. In general, most likely in the short term, the main competitors of the US dollar will strengthen their positions, however, considering the more global picture, there is a high probability that the US currency will win back all its lost positions. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!Shortby Viktor_strifor_analystUpdated 114
USDCAD LONGPrice Action Daytrading H4 bias bullish. Not expecting FED to cut the rates this coming Jun. USD will hold bullish till Sept. Price has broken a H4 Resistance level and went higher. Price did not reversed back into the range which shown that price is not fake breakout. Price retrace back in the H4 Broken Resistance that turned support. At the support level, it formed a double bottom pattern and broken through the lower TF resistance level. Set a long trade at the broken H1 resistance level. SL below the double btm targeting H4 Swing high with R:R 1:4Longby royschen073
USDCAD - Bullish Reversal - 20/05/2024USDCAD has been trading in a strong Bearish Trend, following which, a strong Bullish Divergence has been observed on the 1 hour RSI. The divergence has pushed the price action up, which currently seems to be printing new highs - a potential reversal into a strong Bullish Trend. If the price action breaks out the 1.36652 level, the price could continue in an uptrend towards the 1.38012 level. Trade Plan: Long Entry: 1.36652 SL: 1.35973 TP1: 1.37333 TP2: 1.38012Longby WaqasWasi3
USDCAD BUYLet's try to ride this upside movement projection yesterday we anticipated that USDCAD has to try to pull back before it continues going up. So now we ride along. Trade safely as we know about the dangers of the market.Longby kealebogamoyo3Updated 3
80 pips potential up move to the Monday highs and BPRPrice has been rejected on the order block after the liquidity sweep of previous week low. Then on the lower TF we have created higher high with the displacement (FVG) which has been tested. I expect only smaller pullback down and run above the Mondays high in to the BPR or even above the trendline liquidity. Its potential +75 pips move. With nice RR depends on how you enter Always follow these rules - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔Longby Dave-FX-Hunter13
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 2
USDCAD: GO FOR LONGUSDCAD: GO FOR LONG -ABCD pattern. -Demand zone. -Key level support. -Candle patternLongby phanvinhhai2
USD/CAD Long (Swing) First idea Post on TradingViewHello fellow traders! Today I am making my first post on TradingView. We'll be looking at FX:USDCAD from my perspective hopefully someone can gain some insight or if i am wrong, you guys can share your ideas with me! This post may seem long to some, Thank you to those who will go through my idea in its entirety. To begin from a fundamental level USD is currently bullish as the now all but confirmed higher rates for longer as inflation has picked back up in the last quarter coupled with the resilient US economy. This should give investors faith in a strong dollar at least until the US elections, unless the backdrop of economic conditions change in the US. CAD is currently dovish with the expectations of a rate cut at the latest in Q3 2024. CAD also released many different statistics this week with almost all of them showing a weakening/constricting economy. With these economic conditions and the rate divergence outlook I believe USD/CAD is fundamentally bullish. Now for the technical analysis A look at the monthly chart: As we can see we are trending upward since June 2021 making HH's and HL's on monthly timeframe. Now let's take a look a look at the weekly: Here we can see it looks as though we are trading in a range from 1.32-33 to 1.38-39 with the past 5 closes and this weeks upcoming close showing strong support at 1.36 but with little conviction to push the price higher immediately. The daily chart: On the daily we recently broke out above the channel and retested the breakout at 1.36 while we may see another test of this level, as stated in my fundamental section I believe the recent news is bullish for DXY/USD and bearish for CAD so i believe it will uphold USD/CAD at 1.365 support before a push higher next week to at least 1.38. I prefer to enter on the 2/4Hr charts using daily/weekly support, however this post is already extremely long for my first post, enjoy! Thank you to anyone who made it to the end of my idea on USD/CAD, I am gonna start posting more ideas mainly on USD/CAD and a few other major pairs as I believe this may help me organize my own thoughts. If anyone has any suggestions or different opinions let me know in the reply section. Stay safe trading and always manage your risk. I am not a financial advisor please do your own research. this is only meant to share my perspective and is in no way guaranteed to be correct. As always anything can happen in the forex markets have a good day everyone! Longby Vayzee2
USDCAD is Heading Upwards After Testing major Support LevelHello 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 ChannelLongby ForexMasters20003
USDCAD LONGPrice action day trading. H4 Bias Bullish Broken H4 resistance and price is setting higher high & lows. Set long trade at broken H1 resistance level and SL below H1 previously low targeting H4 Swing high with a R:R 1 : 6 . This is a very short term trading. Longby royschen072
This is usdcad If u check my previous post u will see that I talked about this pair and its doing so well let's wait for de next update Longby Greatvic0012
USDCAD bullish con.hey guys here's what i am looking at on USDCAD, price currently tapped a weekly key lv which i currently went long on, and even if i have further downside movement it will be a much better setup for me until my weekly lv is broken.Longby ib_danUpdated 10
✅USD_CAD MOVE DOWN AHEAD|SHORT🔥 ✅USD_CAD made a bearish Breakout and the pair Is going down again after A local rebound so we Are bearish biased and We will be expecting A further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅ Shortby ProSignalsFx113
Looking for a buy postion in USDCadthis is my outlook i belie price will continue now that the major support has been reached Longby ReekCatchinPips3
USD/CAD BEARS ARE GAINING STRENGTH|SHORT Hello,Friends! It makes sense for us to go short on USD/CAD right now from the resistance line above with the target of 1.362 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 116
Bullish setup from the FVG and BPR confluencePrice finally strongly broke up the descending trendline and created BPR and FVG, it these levels are retested I will be interested in taking long from them and targeting previous highs. always follow these rules - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔ Longby Dave-FX-Hunter2
Bullish Momentum: USD/CAD on the Rise!Hello Everyone, The USD/CAD pair has secured a support level and is presently poised for an upward trajectory, driven by recent developments. All indicators suggest a favorable environment for bullish expansion! TradeWithTheTrend3344Longby TradeWithTheTrend33443
Canadian Inflation Affects the Loonie (🇺🇸💵/🇨🇦💵)Important April and year-over-year inflation data from Canada will be released this afternoon, which according to Statistics Canada has seen a housing production crisis unheard of in the country, leading to a runaway increase in housing prices and access to housing. It has also reflected a very strong increase in inflation in rents, transportation, and the shopping basket, as well as in other sectors so it remains to be seen if this inflation slows down slightly. This is in addition to statements from the New York and Richmond Fed with President John C Williams and Tom Barking, and Fed Governor Christopher J. Waller, former president of the Federal Reserve in St. Louis. In principle the three are going to talk about the scenario of U.S. economic resilience, prospects for housing price dynamics and a positive outlook for the country. This facilitates the continuation of what was already being talked about as a possible rate cut and "quantitative tightening" scenario that the markets have been anticipating with this lack of dynamism in recent weeks in line with the "sell in May and go away". Looking at the chart we could already see a slight correction on April 16 coinciding with the Fed's publications, this time it is foreseeable that the yankee greenback will try to gain ground on the Canadian Loonie. It is therefore possible to anticipate a possible rise to the highs to test a new test in which it could be trying to cross the area of 1.38980 Canadian dollars per dollar. But currently, the right signals are not being given, the RSI is in the mid 50.84% zone and the price bell shape has generated a mono-bell in 1-day timeframe, so its mid price zone is in the 1.34872 zone. If the price reverses to that zone, a downward movement would be possible, this would be visible if the Canadian economy improves against the US economy. Ion Jauregui - AT Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk. Longby ActivTrades3
USDCAD - 4hrs ( Sell Trade Target Range 140 PIP ) Pair Name : USD/CAD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Break 1.36500 Area Reasons - Major Turn level / D - Pattern Middle Band / Channel - Visible Range Hvn - Choch Zone - Day + week Low - Fibo Golden Zone - Fixed Range Poc Arae Bullish Reversal 1.35200 Area Reasons - Major Turn level - Pattern Target - channel Lower Band - Choch - Fibo Golden - Visible HvnShortby GoldenEngineUpdated 33180
USDCAD :- Bullish Continuation 🇺🇸🇨🇦Dollar is currently gaining strength after Demand Zone was transact. Technically: USDCAD, is likely to continue upward move until @1.38462 (where major liquidity is resting) 5 reasons+ is one of my rules to execute trades, here: - Imbalance - Liquidity - Major Key Level - Fibo (79%) - DXY Correlation Longby undaba2
change the trend It is expected that a trend change will be formed in the current support range and we will witness the beginning of an upward trend. Breaking the resistance trend line will confirm the upward trendLongby STPFOREX3