USDCAD Showing Bearish Momentum USDCAD Showing Bearish Momentum if continues and following ABCD Trade willing to short from here to the next Road Block Resistance Shortby MazharghouriUpdated 3
USD/CAD H1 | Potential bearish breakoutUSD/CAD is trading close to a breakout level and the bearish momentum could potentially drive it lower from here. Sell entry is at 1.3673 which is a potential breakout level ( Wait for the 30-min candle to close below this level for confirmation ). Stop loss is at 1.3700 which is a level that lies above a pullback resistance. Take profit is at 1.3627 which is a swing-low support that sits above the 100.0% Fibonacci projection level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.Shortby FXCM5
Strifor || USDCAD-10/05/2024Preferred direction: SELL Comment: The Canadian dollar stands out from other majors today as Canadian labor market data is expected to be released. Previously, we adhered to sell priority and the targets for the previous trading idea can be considered closed. Ahead of today's statistics, we remain bearish and highlight two main scenarios. Scenario №1 is a fall from current prices, that is, a continuation of the fall. If this option is not implemented, then most likely it is better to look for an entry point according to scenario №2 . We fix the target for sale at the level of 1.36000. 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 113
Strifor || USDCAD-08/05/2024Preferred direction: SELL Comment: For the USDCAD currency pair, we continue to adhere to the priority of sales. In our final trading idea for this instrument, we identified two scenarios where one of the selling options was the level of 1.37600 . The price is at this level now. A fall near this level is more likely today (scenario №1) , since there is local trend resistance here, which pushes the price towards the support level 1.36557. We also highlight scenario №2 on the chart. Here, the short is planned from the level of 1.38000. 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 113
USD/CAD: Assessing Resistance and Bullish RetracementHello Everyone, The USD/CAD is approaching a critical juncture, where the sustainability of resistance becomes pivotal. Failure to maintain resistance could pave the way for another upward surge. In terms of trends, there's a discernible gradual bullish retracement, indicating a potential long-term bearish outlook. In summary, should the daily resistance prove resilient, we may anticipate further downward momentum. TradeWithTheTrend3344Shortby TradeWithTheTrend33442
USDCAD STRUCTURE This is the daily chart for USDCAD we have reached a zone for huge sell-offs but some highs need to be cleared before we can move to the next phase of sells. so if you're planning on trading this pair go for sells only leave the buys for now by Dr_Trade11
Falling towards pullback support?The Loonie (USD/CAD) is falling towards the pivot and could bounce to the 1st resistance. Pivot: 1.3647 1st Support: 1.3611 1st Resistance: 1.3717 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. Longby ICmarkets2
USDCAD SHORTThe pair is trading in a resistance area for the past week and its now shifted on the down side. Also US dollar loosing power.Shortby GostFadar2
USDCAD ABC move end ?www.tradingview.com USDCAD quick analysis on 15min chart timeframe price avec an implusive move goes down for a corrective move ABC and as you can see in the chart the ABC corrective move is finished after the wave C reach the 1.618 fibo level so technically price now will go up at least hit the previous resistance if break above it it will continue . i will update you about what will happen on USDCAD after this move.Longby joestar95116
USDCAD TO SELL (Unemployment/Employment Change News Tomorrow)Looking closely, we could see USDCAD to short from today through tomorrow with the Unemployment/Employment news. As price broke support, the news for tomorrow could cause a big drop in price; however, be careful at all times of the news. Please stay tune on the price today for USD 30y Bond Action since it dropped from the CAD Speech. TP:1.3675 or belowShortby JoeJohnsonIV223
Are u a Day Trader? I've got someting interesting for u on UCADnow we are in a perfect Zone on USDCAD in 4H - 1H Scale so using Lower Time Frame PA u can put a liitle risk on it to take a BUY ... by MPfx_traderUpdated 3
USDCAD - Bearish continuation ✅Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action to continue after price rejected from bearish order block + trendline. My target is imbalance lower. Fundamental news: Tomorrow (GMT+3) we will see results of Unemployment Rate on CAD, news with high impact on currency. Like, comment and subscribe to be in touch with my content!Shortby Snick3rSD11
USDCAD (Bearish idea)USDCAD appears to be going bearish at this time. Due to the 2 strong impulses and small correction. I will go short on this pair ONLY if the following criteria is met. - Price returns to the previous level of support with candlestick confirmation - Fibonacci levels enter the 61.8% zone. *always remember to use proper RISK MAANGEMENT*Shortby AlexEspinoza201
USDCADHello and respect to all dear traders, Today, I have analyzed the Canadian dollar, which has behaved almost similarly to the DXY chart. Everything is set for a short-term uptrend, followed by a probable drop. There is a strong likelihood of this happening due to a significant weekly imbalance in this upward trend. I have drawn a simple and smooth chart for easy understanding. I am very pleased to have you by my side. Respectfully, #Smart Money Concept, #Liquidity, #HunterShortby fereydoon119910
USD/CAD FOR SELLUSDCAD pair to fall The presence of a descending price channel line The presence of strong display areas on the 4-hour frameShortby ShakerTradingUpdated 3
Sell USDCAD Channel PatternThe USD/CAD pair on the M30 timeframe presents a possible shorting opportunity due to the presence of a channel pattern. Potential Short Trade: Entry: Consider entering a short position (selling) only after a confirmed breakout below the support trendline of the channel. Ideally, this would be around 1.3750 or lower if the price continues to decline after the breakout. Target Levels: 1.3652: This target is achieved by measuring the height of the channel (distance between the resistance and support lines) and projecting it downwards from the breakout point. 1.3607: This is a further extension of the downside target, based on roughly twice the height of the channel. Stop-Loss: Once the entry point is confirmed, place a stop-loss order above the broken support line of the channel, ideally with some buffer around 1.3770. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank youShortby KABHI_FOREX_TRADINGUpdated 111126
USD/CAD 1HR // 08 May 2024 AnalysisWe can see a beautiful downtrend on USD/CAD on the 1HR timeframe. The price has touched the trend line and is also around the 1.37500 key level. If we see reejction from the trend line as well as the 1.37500 area, we can look at potential sells with the long term target being 1.3500 level. Shortby thebrowntraderUpdated 2
Market Analysis: USD/CAD Regains Strength Market Analysis: USD/CAD Regains Strength USD/CAD is rising and might aim for more gains above the 1.3760 resistance. Important Takeaways for USD/CAD Analysis Today USD/CAD is showing positive signs above the 1.3685 support zone. There is a major bullish trend line forming with support at 1.3720 on the hourly chart at FXOpen. USD/CAD Technical Analysis On the hourly chart of USD/CAD at FXOpen, the pair formed a strong support base above the 1.3600 level. The US Dollar started a fresh increase above the 1.3645 resistance against the Canadian Dollar. The bulls pushed the pair above the 1.3685 and 1.3720 levels. The pair cleared the 50-hour simple moving average and climbed above 1.3750. A high was formed at 1.3760 and the pair is now correcting gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the 1.3609 swing low to the 1.3760 high. It is now consolidating near the 1.3720 zone. There is also a major bullish trend line forming with support at 1.3720. Initial resistance sits near the 1.3735 zone. A clear upside break above 1.3735 could start another steady increase. The next major resistance is the 1.3760 level. A close above the 1.3760 level might send the pair toward the 1.3800 level. Any more gains could open the doors for a test of the 1.3850 level. Initial support is near the 50-hour simple moving average and 1.3720. The next major support is near 1.3685 on the same USD/CAD chart. The main support sits near the 76.4% Fib retracement level of the upward move from the 1.3609 swing low to the 1.3760 high at 1.3645. A downside break below the 1.3645 level could push the pair further lower. The next major support is near the 1.3610 support zone, below which the pair might visit 1.3500. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen229
USDCAD OutlookUSDCAD is a strong bullish as retail traders are at 67% short selling this trading pairs. Just use proper risk management and be careful at the speak in around 1 more hour.Longby GreenStoneFX111
USDCAD - Bearish Reversal Harmonic BAT Pattern USDCAD - Bearish Reversal Harmonic BAT Pattern Trade Plan - Bearish Reversal BAT Pattern Point D is confirmed with divergence Sell Stop - 1.37158 Stop Loss at PTZ - 1.37634 Risk Reward 1:1 1.36653 Risk Reward 1:2 1.36152Shortby adnanfx140
USDCAD: Bearish ABCD PatternUSDCAD is in bearish ABCD pattern, it took the correction by touching FIB 0.618 level and we will go for long after the break of level B, keeping the stop loss at LH. Longby matifakbar1
Lingrid | USDCAD long from the SUPPORT levelThe price perfectly fulfills my last idea. It hit the target level. FX:USDCAD is basically moving sideways between 1.36000 and 1.38000. The market broke and closed above the strong level at 1.37000. On the daily timeframe, we can see that the major trend is bullish. Additionally, there is a long-tailed bar that took liquidity below the range zone. I expect the market to rollback to support and continue the upward move, potentially breaking through the downward channel and retesting the top of the range zone. My target is resistance at 1.38300 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Longby Lingrid3310
USDCAD-BullishUsdcad price is moving in ascending triangle and price follow triangle channel as it is continue patternby FazalSiyal0