U.S Dollar / Canadian Dollar _ Under _ Trading _ Venue _ OANDAU.S Dollar / Canadian Dollar _ Under _ Trading _ Venue _ OANDA $1.37741 $1.37963 $1.38192 1st Distribution price : $1.38510 _________________________________ After the distribution Retest ( Drop) must hold within the following key level : $1.37368, $1.36788 , $1.36518. _______________________ After the retest is confirmed we will be expecting the following distribution prices: 2nd Distribution price: $1.38651 $1.39199 $1.39736 $1.39793by Skill-Knowledge-Conduct1
uptrend Considering the price structure and stabilization above the support trend line, it is expected that the upward trend will continueLongby STPFOREX1
Bears have entered the building on USDCADUsdcad weekly chart, completed the retracement after a structure break. Price rejected the retest of the level leaving a double top formation. Bears should take full control this week and continue the trend lower. 2 options for where price could move to- 1. price will drop to the 50% - 71% retracement at the very least for equilibrium and look for discount. 2. price will complete the 100 % retracement of the correction around 131.840 area after a pull back Shortby cubbies281
usdcad sellusdcad is bearish on the 1 hour chart so im looking to keep selling as long as i get a break in structureShortby Liz1441
U.S Dollar / Canadian Dollar Distribution_ Quarter 2_ prices_ UU.S Dollar / Canadian Dollar Distribution_ Quarter 2_ prices_ Under _ Trading _ Venue _ FXCM Next Distribution prices: $1.38097 $1.38783 2nd Distribution price after the Mid Retest : $1.38927 $1.39380 $1.39446 __________________ After the distribution prices the following retest must hold within the key level of: $1.37938 $1.37788 $1.37719 $1.37502 Most likely will go as low as : $1.37011 by Skill-Knowledge-Conduct1
USDCAD BUY NOW!!!!!!!!!!!!!!!!USDCAD bounced from the sell side liquidity and price made a possible rejections and price is heading to breakouts the triangle for another rally up to the buy side liquidity at 1.38949 am in on a buy Tell us your views on usdcadLongby CAPTAINFX22
USD_CAD POTENTIAL LONG| ✅USD_CAD is going down to retest the rising support Which makes me locally bullish biased And I think that we will see a rebound And a move up from the level Towards the target above at 1.3718 LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx113
"CAD Sell Entry Strategy: Profitable Forex Trading Tips"Detailed analysis of CAD sell entry points Key indicators and signals to watch for Step-by-step breakdown of successful trades Risk management strategies to protect your investments Real-time examples and charts for better understandingShort00:21by muntishabuilderUpdated 112
USDCAD ( ATTEMP TO REACH SUPPLY ZONE AFTER DROOPING)USDCAD HELLO TRADERS Tendency the price is under BEARISH pressure 1.37740 Turning level : The turning level at 1.37740 , so as long as the price below this level, there will be a bearish trend resistance level : Breaking the turning level 1.37740 , the price will rise to 1.37965, as long as the price stabilize this level , there will be reach 1.38387 support level : The trading stabilizing below1.37740, the price will reach the support level of 1.37058 , and under this level it will be reach 1.36476 corrective level : price will attempt 1.37740, correct itself before falling , will attempt supply zone before dropping I HOPE YOU PROFITABLE DAYShortby ArinaKarayi4
USDCAD to continue in the upward move?USDCAD - 24h expiry The current move higher is expected to continue. Risk/Reward would be poor to call a buy from current levels. Short term RSI is moving higher. A move through 1.3750 will confirm the bullish momentum. The measured move target is 1.3780. We look to Buy at 1.3725 (stop at 1.3700) Our profit targets will be 1.3790 and 1.3810 Resistance: 1.3750 / 1.3775 / 1.3780 Support: 1.3725 / 1.3700 / 1.3675 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.Longby OANDA5
"Mastering USD/CAD: Top Sell Strategies to Boost Your Trading PrAre you ready to take your USD/CAD trading to the next level? In this video, we dive into the best sell strategies for the USD/CAD forex pair, providing you with expert tips and insights to maximize your profits. Learn how to analyze market trends, identify key resistance levels, and execute successful sell trades. Whether you're a beginner or an experienced trader, our comprehensive guide will help you navigate the forex market with confidence. trading strategies and market analysis!Short01:01by muntishabuilderUpdated 116
USD/CAD Retracts from Nearly 2-Month HighUSD/CAD Retracts from Nearly 2-Month High Yesterday, the USD/CAD exchange rate climbed above 1.3785 for the first time since mid-April. However, today's USD/CAD chart shows that it failed to consolidate at this peak and has dropped to a weekly low. These fluctuations might be interpreted as traders positioning themselves ahead of today's critical events. According to ForexFactory: At 15:30 GMT+3, US inflation data will be released; At 21:00 GMT+3, the Fed's interest rate decision will be announced; At 21:30 GMT+3, Powell's press conference will take place. Technical analysis of the USD/CAD chart: The price made a false bullish breakout of the 1.3785 level, which is a bearish signal; The red arrow indicates a bearish engulfing pattern that formed during this failed breakout; The proximity to the psychological level of 1.3800 may have influenced the increase in selling pressure. In any case, the USD/CAD rate is heading downwards today towards the triangle with its median around the 1.368 level, reflecting market sentiment ahead of the news. The 1.37370 level (former resistance) might provide market support. What to expect? Considering that the Bank of Canada and the ECB already cut interest rates last week (as we reported here and here), it is possible that the Fed will also lean dovish, continuing the rate-cutting cycle. If so, this could weaken the USD relative to other currencies. Prepare for spikes in market volatility today. Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen. 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 FXOpen227
The US dollar will strengthen following strong employmentBy examining the trend in the four-hour time frame, USDCAD has broken the resistance range of the ceiling of the first ascending channel upwards, and now due to the persistence of the high rate of the support range in the range of 1.3764-1.3742, it can increase in price up to the resistance of the ceiling of the ascending channel in the range of 1.3900 beLongby arongroups3
USD CAD INTRADAY LONGi have opened a position for usd cad due to its range bound movement on H4. We currently see a continuou HH and HL and im expecting for price to go to higher highs from here. There are also no rsi divergence to expect any reversal.Longby Chathifriends5
USD/CAD SELLWhat Iam watching right now its a divergence in 15 minutes that has been for around 4 hours and Iam waiting for the divergence to break and then go all the way to the downside, watching too in 4 hours how the dinamic resistence has been respected more than 2 times including fake breakouts and then to the downside.Shortby hcarbajal122
Elliott Wave Analysis: Anticipating an Upward move in USDCADHello Traders, Trust you are great. Below is my Elliott wave analysis of USDCAD currency pair Analysis: The structure of the USDCAD currency pair suggests the formation of an irregular Flat corrective pattern. The initial Wave A has taken the form of a leading diagonal, moving downward. Current State: Wave B appears to have completed its formation. The next expected movement is the formation of Wave C. Expectation: An impulsive Wave C is anticipated to move upward towards the 1.37445 - 1.38147 region before a subsequent decline. Invalidation level for the upside projection: 1.3605. Cheers!Longby Samuel124Updated 1111
USDCAD Next Sell opportunity 1.3783 - 1.3762USDCAD Next Sell opportunity 1.3783 - 1.3762 Target will be 1.3717 1.3649 Wait for confirmation.................... SL ( Set a uniform set of 15$ ) only for your reference and you can set it according to your free margin. Recommend stop 1.3849Shortby chamitha452213
USD/CAD Edges Lower as Traders Eye Key US Economic DataUSD/CAD is trending lower during the Asian session on Wednesday, currently trading around 1.3750. This recent movement follows a notable reversal from the 1.3790 area, where technical indicators suggested a potential change in direction. Technical Analysis From a technical standpoint, the USD/CAD pair exhibited signs of overbought conditions around the 1.3790 mark, as indicated by the Relative Strength Index (RSI) on the H4 timeframe. A divergence was observed, signaling that the bullish momentum was weakening and a reversal was likely. The pair has since edged lower, reflecting these technical signals. Market Sentiment and Economic Data The market is now focused on upcoming US economic data releases, which are anticipated to inject significant volatility into the trading environment. The key events include the release of the Core Consumer Price Index (CPI) and the Federal Open Market Committee (FOMC) decision. Core CPI Data The Core CPI data, set to be released today, is a critical measure of inflation that excludes food and energy prices. This indicator is closely watched by traders and investors as it provides insights into underlying inflationary pressures within the US economy. Stronger-than-expected CPI figures could reinforce expectations of a hawkish stance from the Federal Reserve, potentially supporting the US Dollar and influencing the USD/CAD pair. FOMC Decision In addition to the inflation data, the FOMC decision is another pivotal event for the day. The Federal Reserve's policy statement and subsequent press conference will offer guidance on the central bank's outlook and future monetary policy actions. Market participants will be keenly observing any hints regarding the timing and extent of interest rate adjustments. The FOMC's tone and projections will be crucial in determining the next directional move for the USD/CAD pair. Anticipated Volatility Given the significance of these economic events, traders are preparing for heightened volatility. The Core CPI and FOMC decision are expected to provide the necessary catalyst for a potential continuation of the reversal observed in the USD/CAD pair. Depending on the outcomes, we could see significant movements as traders react to the data and adjust their positions accordingly. in conclusion USD/CAD is currently consolidating its recent losses around 1.3750, following a technical reversal from the 1.3790 area. The pair's future direction will likely be influenced by today's Core CPI release and the FOMC decision. Traders should be prepared for increased volatility and potential continuation of the bearish trend, especially if the economic data aligns with the technical indicators pointing towards a reversal.Shortby FOREXN1Updated 112
BUY IDEA USD/CADFrom the specified support areas, we can react in the direction of buying. To manage this trade, you can divide your risk into two parts and use two steps.Longby Ali-Rezaei-FX221
USDCAD H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.3757, which is a pullback resistance. Our take profit will be at 1.3734, a pullback support level. The stop loss will be placed at 1.3796, above a swing-high resistance 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 FXCM4
USDCAD ANALYSIS USING PRICE ACTION, BREAK AND RETEST STATERGYUsing a break and retest strategy with price action analysis for USD/CAD involves identifying key support and resistance levels and then waiting for the price to break through these levels before entering trades on the subsequent retest.by thulasizwephetha231