USDCAD MAY STILL RETEST 1.350-1.360 ZONE BEFORE BUYING I am personally bullish on USDCAS and looking to buy from between 1.350-1.360 with my next target at 1.390. Happy trading Longby oawofisibe53
Lingrid | USDCAD break and RETEST tradeThe price has broken through the key level at 1.37000. FX:USDCAD broke the range zone and made an extension downward. The price is rolling back to the key resistance level. On the daily timeframe, the market bounced off the supply zone. I think the market might continue moving downward toward the support zone between 1.36400 - 1.36200. I expect the price to retest the resistance zone and form a rejection candlestick pattern to confirm the sell signal. My goal is support near 1.36400 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Shortby Lingrid1114
USDCAD - End of Correction for CADFundamental Analysis Retail sales data are lower than expected, indicating a slowdown in the Canadian economy Technical Analysis USDCAD reacted strongly at SMA20, showing that the downtrend has weakened During the 4th trading session, the price surpassed the peak of 1.3713, forming a new structure. An unsuccessful retest of the 1.3659 support zone will cause the pair to reverse and rise again. Trading plan Buy limit 1.3659 Stoploss 1.3630 TP : 1.3780Longby EasyTradingOnline3
Hawkish Fed? Wait a minute...Fundamentals & Sentiment USD: - USD is overbought according to CFTC, and CAD is oversold; Even if the buck is going higher in the medium term, it's time to cover some longs! - love USD short exposure in case of BoJ intervention CAD: - Inflation Expectations Differential - Decent PPI data - Canada is one of the strongest economies for the last Q + next month's forecasts (forecasts diverge with USD significantly). Technical & Other Setup: TR(B) Setup timeframe: 4h Trigger: 1h Medium-term: Up Long-term: Uptrend Min target: Mirror demand area Risk: 0.27% Entry: Market Shortby Cherry94Updated 2
USDCADSimply return to previous level pattern All indicators are pointing down 10 pips in it The actual value of 2.7 is higher than both the previous value and the consensus forecast. This indicates that durable goods orders exceeded expectations, which could be seen as positive for the Canadian dollar. Lets seeShortby NZ_Shareman331
USDCAD Head&Shoulder Reversal PatternTrade #1 Entry Level: 1.36980 Stop Loss: 1.3850 Take Profit: 1.36450 Risk to Reward Ratio: 1:1 Trade #2 Entry Level: 1.36980 Stop Loss: 1.3850 Take Profit: 1.35675 Risk to Reward Ratio: 1:2 Shortby Thrifttrader89110
Liquidity Void Filled but we did not enter.This event happened outside of our High Probability Time Windows. Why enter When the probability of you being right has dropped off precipitously? Greed and Desire will tell you to hop in the markets then. Not Sound Trade Logic. That's Trading Psychology my friends. Better the psychology the better the profitability by dogging needless losses.by OutlierTrading0
USDCAD (Elliott wave)Hello friends In the USDCAD currency pair we see a complete Elliott pattern. Waves 1, 2, 3 and 4 have been completed. Of course, wave 1 can be considered as wave A, wave 2 as wave B, and wave 3 as wave C, but we expect price growth. Therefore, according to the evidence, wave 1 consists of 5 and we are waiting for wave 2 and the beginning of wave 3. The first target is 1.3850 and the second target is 1.3900. Be successful and profitable. To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.Longby M_Gheysvandi7
Long buddy!!!Some nice liquidity formed at my target area. Should run through it by end of the week. What are your thoughts? Trade safely my friends Longby Dlphdavis0
USDCADWe can attempt to buy USDCAD from specified level as 0.5 FIB , trendline support intact, also there is no bearish divergence. SL , TP mention in chartLongby SignalEdge1
Usdcadpending order looking for buy option. Risk:rewad. 1:3 Blessings. Longby SGsauragestionUpdated 3
USDCAD | APR 24 2024Got stopped out here as well. Will be monitoring DXY closely to see if my risk off dollar strength bias is still viableby marketswzrd2
USDCAD sell major downtrend formed 4h retracement Expect the price to continue downtrend.Shortby vioralle0
Potential short from confluence of the multiple PD arraysPrice is going back down the discount PD arrays. I will be selling above the Asia range where there is a confluence of multiple HTF PD arrays - H4 Breaker, FVG, and Order block which took out liquidity, so in my opinion price doesn't have to be much higher when the order flow is bearish. Or if I get a strong close below Asia I will be joining the trend continuation. My target will be first low below 50% of the H4 swing and H1 FVG. 🟠Rules - 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 ⚔Shortby Dave-FX-HunterUpdated 3
USDCAD LONGThis chart is of USDCAD is printing a Bullish trend as the trend line is showing falling edge.by Azeem2082
Long Buddy!!!My macd strategy has triggered. I’m long and 1.375 is my first target area by week’s end. Trade safely my friends What do you think?Longby Dlphdavis2
Bullish bounce off 61.8% Fibonacci support?USD/CAD has made a bullish reaction off the pivot and could potentially bounce higher towards the 1st resistance. Pivot: 1.3668 1st Support: 1.3628 1st Resistance: 1.3738 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: Pullback From Support 🇺🇸🇨🇦 USDCAD tested an intraday horizontal support. After its test, the price formed an inverted h&s pattern on an hourly time frame, and broke its neckline. We can expect a pullback now, at least to 1.36845 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader337
Strifor || USDCAD-17/04/2024Preferred direction: SELL Comment: For this currency pair, we continue to follow the medium-term sales, despite the fact that the price has risen a little more than we described in previous trading ideas. Today, the current levels are excellent for medium-term short with a target at the level of 1.37020 ( scenario №1 ), where the previous area of accumulation of the limit buyer is located. We also keep alternative scenario №2 ready for the same target as with scenario №1 . 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 116
USDCAD TREND-FOLLOWING Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. USDCAD TREND-FOLLOWING. 📚 👉As we can see price is still overall bullish from a long-term perspective, trading inside this rising channel. 👉 And price recently rejected clearly our upper resistance zone, and our correction started, Moreover, we are interested in looking for new impulse as we are still overall bullish. 👉As per my trading plan, I will be waiting for the price to be approaching my marked support zone, lining up with our rising trendline, then I will be zooming into lower time frame to be looking for any bullish reversal pattern, catching the next impulse wave. If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!Longby Hadi_karaali3
USDCAD 1H Intraday Bullish: As long as (1.36540) is support look for Long position above 1.36540 target 🎯 at 1.36900Longby vbenking911
USDCAD | LT Short D1 | Oil to power CAD StrengthPair: FX:USDCAD Timeframe: D1 - Long Term (LT) Direction: Short Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames - Price action is at the top-end resistance of a parallel channel - Horizontal trendline looks like a supply zone across few periods - Aiming for the 32.8% Fibo Retracement with 23.6% as the TP 1 level Fundamental Confluences for Trade: - A strong oil story from ongoing geopolitical risks is a strong story for CAD's economy to remain their hold on interest rates while US's reflation story has been priced in by markets - Risk is further war escalation from the Israel-Iran tension which continue the rush to safe-havens like USD or JPY. Suggested Trade: Entry @ Area of Interest 1.3750 - 1.3850 SL @ 1.3898 TP 1 @ 1.3640 (TP Half-Position & move SL to Entry level for B/Even once TP1 is achieved) TP 2 @ 1.3567 Risk-to-Reward @ Approx. 2.08 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.Shortby weekendanalystUpdated 8816
USDCAD bearish continues Previous support 1.37 now becomes resistance we look to sell there 1.37 zone Further downside is expected The RSI is trending lower Profit level is previous resistance 1.36 Tp 2: safe profit 1.365 Shortby Eleazarahmath3