Buy set up on the 4hrHopefully buyers will start to take control at this level. Retest at the level will provide a good entry level for buyersLongby dan411vm1
usdcad shortConsidering that this symbol has returned from the trading floor to the middle of the range and in this area weakness can be seen in the rise, I expect a fall, but be careful that my profit limit is high. BeShortby aattrader1
USDCAD Breakout of ChannelUSDCAD has been moving well in our downward channel and after confirmation of bullish divergence has broken out of the channel towards upside which looks good for a move up towards our target.Longby thrilledGuest900790
USDCAD In the 4-hour timeframe, USD/CAD is exhibiting a bullish trend following a breakout from a falling wedge pattern. This breakout typically suggests a reversal of the prior downward momentum. Traders may anticipate further upward movement in the pair, potentially targeting resistance levels as the bullish sentiment strengthens. However, it's prudent to monitor for confirmation signals and manage risk accordingly.Longby forex_info114
Sell than buy Looking to short the pair to my POI marked than will enter buys for a larger move to take last weeks sell positions outLongby feao871
USDCAD Will Go Up! Buy! Here is our detailed technical review for USDCAD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.365. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.371 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 112
USDCAD TREND BREAKOUT AND SUPPORTUSDCAD Finds a bullish reversal point where the current market price confirmed a trend breakout under the hourly timeframe. Here we witness a potential bullish trend formation to the upside close or above 38% on the Fibonacci retracements. Expecting a decent long trade to generate a 30-50 Pips worth of profits. Longby traderchamp_3
USD/CAD H4 | Approaching overlap supportUSD/CAD is trading close to an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.3632 which is an overlap support. Stop loss is at 1.3600 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement level. Take profit is at 1.3717 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement 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.Long02:52by FXCMUpdated 4
Long USD/CADThe price is running inside both of a middle term down trend channel and a long term up trend channel. It is in the top area of the down trend channel but in a bottom area of the up trend channel. Current it is the fourth time tries to break out the North in a short term resistant line. If break out this resistant line, it possible will also break out the down trend channel top line. The price has break out Guppy EMA resistant zone and standing on the top of resistant zone in Guppy. Since the price already try multiple times to go North, then, it would go North with high potential and reason. The target price could be 1.457 or 1.410 on May 01, 2024.Longby ChinaHelloWorldUpdated 3
Could USD/CAD reverse from here?The price is rising towards a resistance level, which is a pullback resistance that aligns with the 23.6% Fibonacci retracement, and could reverse from this level to our take profit. Entry: 1.36721 Why we like it: There is a pullback resistance level which aligns with the 23.6% Fibonacci retracement. Stop loss: 1.37266 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Take profit: 1.35595 Why we like it: There is a pullback support level which aligns with the 78.6% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.Shortby VantageMarkets5
UCAD 4/29Typically don't trade this pair, but I love the weekly structure formed. Easy buy for me.Longby VincentFX950
LONGUSDCAD has broken above, it is now deep retraces to grab all liquidity left down, as it is seen in the chart, after taping down in the zone marked by two narrowed lines. Wait for 15m shift, retrace and jump to previous high. remember we have FOMC meeting in the coming daysLongby BoaNergeTrading2
USDCAD - Bearish Flag - 29/04/2024USDCAD has been trading in a strong Bearish Trend. No divergence has been observed on the RSI on the 1 hour timeframe. A clear Bearish flag has been formed, indicating continuation of the Bearish Trend. If the price breaks through the 1.36285 level, a Sell trade should be triggered as follows: Trade Call: Short Entry: 1.36285 SL: 1.36787 TP1: 1.35780 TP2: 1.35280Shortby WaqasWasi113
🎯📈 "Navigating USDCAD: Insights for the Upcoming Week" 📈🔍🕵️♂️ Let's delve into analyzing the popular forex pair USDCAD for the upcoming week! 🌟 In higher time frames, particularly weekly, the US dollar versus the Canadian dollar has been ranging between the price levels of 1.31811 and 1.38292 over the past 600 days. This indicates a logical fluctuation without any significant market-moving news. 🕯️ After reaching the weekly resistance or the upper bound of the range, we are currently observing bearish candlesticks in this chart, indicating the presence of sellers in the market. ⛔ However, in the four-hour timeframe, after breaking the short-term box resistance at 1.36120, we initiated an upward movement and reached the weekly resistance. This strong upward movement is currently halted, and the price seems to be approaching the 1.36120 region again, which served as a resistance earlier and is now acting as support. 📉 For a short position, I hesitated to raise the support line to bring it above 1.36120 to serve as a trigger. However, considering all calculations, the current support level seems appropriate, and we only view the line at 1.36350 as a trigger, not a support level, as it previously acted as resistance, leading us out of the box space on a fake breakout. 📈 To open a long position, we currently have a descending trendline of the continuation type. We can open a long position only if the trendline and a confirming candlestick or trigger at 1.36733 are breached. 🛡️ The upcoming supports are crucial: 1.36120, likely a returning point, followed by 1.35570, 1.34638, and 1.33543. The upcoming resistances are at 1.37346 and the main resistance at 1.38292. 📆 I recommend observing Tuesday, the first trading day of the week, to see if the market establishes a trend, allowing us to join and accompany it throughout the week. 😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you! ⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.Longby RealMRA3361
USDCAD - Squeezing to resistance can lead to a breakoutUSDCAD has been forming consolidation after the reversal for quite a long time. The area of 1.31500 is the bottom in the current market and an area of liquidity that continues to feed the bullish trend. It is worth paying attention to the price compression towards 1.3600. There is a high probability of a breakout formation with the subsequent realization and distribution of the accumulated potential. The target in this case could be 1.37-1.38.Longby Gold-TechUpdated 114
High interest rates can cause economic recessionBy examining the trend in the one-hour time frame, the USD/CAD has a resistance range of the ceiling of the descending channel in the range of 1.3694-1.3682, which, provided that no close candlestick of four hours is registered above it, the rate can reach the support of the channel floor. decrease in the range of 1.3580.Shortby arongroups7
USDCAD buy more rise 4h USD CAD Forecast We note that USDCAD is moving in an ascending price channel and is in the process of forming the fifth wave. We expect further rise to complete the fifth wave, and the target is the area with small volume.Longby CrowtR2
USDCAD: One More Pullback 🇺🇸🇨🇦 Last week, on Friday, I perfectly predicted a pullback from a key level on USDCAD. Analysing a price action today, it feels like we gonna see one more. After a false breakout of the underlined support, the price bounced and formed a bullish imbalance. It is an important sign of strength of the buyers. I expect a pullback at least to 1.3669 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader117
USDCAD H4 | Bullish reversalBased on the H4 chart analysis, we can see that the price has just bounced off our buy entry at 1.3631, which is an overlap support. Our take profit will be at 1.3717, which is a swing-high resistance level. The stop loss will be placed at 1/3561, which is an overlap support 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. Longby FXCM1
USD CAD - ENOUGH ROOM FOR CORRECTION TO DOWNISDE BEFORE LONGINGThe pair have enough room to retreat to area between 1.3567 to 1.35280 that can be shorted if news analysis support the downside move However upon touching the Area a long move is expected to 1.3750 level upside ! ( again if news analysis support and come inline with upmove ) watch out this week for a-USD FEDs interest rate ( excepted not to raise rates ) b-NFP payrolls c-ISM Manufacturing for USD Goodluck ! by solimanz821
USDCAD IDEAPlease note that this is merely a trading idea and not a signal. It could either succeed or fail, so I encourage you to conduct your own research and analysis before making any trading decisions.Shortby Omani77Updated 8
check the trend If the price enters the support range, the continuation of the correction process will be formed, and it is expected that an erosion and time-consuming correction pattern will be formed. Otherwise, an upward trend is expected to form up to resistance levelsby STPFOREX1
USDCAD BUYWeekly: 1. Direction: Bullish 2. Reasons: 1. Price respected the newly formed FVG 2. BOS with massive displacement 3. price is moving from IRL to ERL 4. DXY is bullish 3. Trading Range Box: 1.36332 to 1.38440 Daily: 1. Direction: Bullish 2. Reasons: 1. Respecting the weekly/Daily FVG 2. Good reversal candle 3. Price is at IRL (good for continuation) 4H: 1. Direction: Bullish 2. Reasons: 1. BOS with displacement 2. Wait for the FVG formation 3. Wait for 15M MMBM Longby tradermebiali111