continue to uptrend Considering that the time of the recent upward wave is short, it is expected that the correction will be formed up to the specified support levels and then the continuation of the upward trend will be likelyLongby STPFOREX2
USD/CADThe current USD/CAD exchange rate has entered a selling zone at 1.37304. This suggests a favorable opportunity to sell the USD against the CAD. Traders may consider setting their take profit levels at 1.37041, 1.36738, and 1.36509, indicating the points at which they aim to exit the trade with profits. Additionally, it's prudent to establish a stop loss at 1.37730 to mitigate potential losses in case the market moves against the trade. This strategy aims to capitalize on anticipated downward movements in the USD/CAD pair, offering a structured approach to managing risk and maximizing returns in the foreign exchange market. By strategically setting take profit and stop loss levels, traders can execute their trades with confidence and discipline, aligning with their overall trading objectives and risk tolerance.Shortby FOREX_trade_01152
USDCAD Analysis (22nd April 2024) USDCAD Analysis On the Weekly Timeframe, price has created a weekly BULLISH Fair Value Gap which haven't been tapped into just yet. So what i am expecting for price to into the FVG before showing signs of strength for this pair. On the 4 hour timeframe, we do have a bullish Unmitigated Orderblock that lines up nicely with the weekly Fair Value gap, making this a good Point of Interest for us to look for buys from. Ideally, i want to see price action pull back into the 4 hour bullish orderblock, before creating a 15 minute Bullish Change of Character to confirm that the lower timeframe is aligned with the higher timeframe bullishness. Longby CallistoFX0
USDCAD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)Shortby ShahedZare1
USDCAD | APR 22 2024Finally entering longs after monitoring the pair throughout the week. All the levels are displayed on the chart. Profitable trades, everyone!Longby marketswzrd117
USDCADWe are looking to continue with the bull run as we are still inside a bullish trend and we are currently in a correction resulting in a an impulse moves to upsideLongby officialpotego_fx223
USDCAD sellwe are looking to short USDcad as we saw USDcad broke through a previous bullish trend it broke under the previous HL , now creating LH and LL, so we are looking to short it this week. feel free to leave a comment of your thoughts on this pair.?Shortby simeonjohannes441
2day pattern - fib pullback entrytest over 2023 - entry model test using fibonacci with a pattern based on d1 time period rangesby jordandodds0
USDCAD Current Market Outlook | Analyzing Trends and ForecastingWelcome to our latest analysis of the USDCAD currency pair! In this video, we delve into the current market conditions, dissecting key trends and providing insights to help you navigate the dynamic forex landscape. Join us as we analyze recent price action, identifying critical support and resistance levels that are shaping the USDCAD's trajectory. From fundamental drivers such as economic indicators and geopolitical events to technical analysis tools like moving averages and Fibonacci retracements, we leave no stone unturned in our quest to provide you with a comprehensive market outlook. Whether you're a seasoned trader or new to forex, this video offers valuable insights into the USDCAD market. Stay ahead of the curve with our expert analysis and stay tuned till the end for actionable strategies on how to capitalize on potential market opportunities. Don't miss out on this essential guide to the USDCAD market – hit the play button now and empower yourself with the knowledge needed to succeed in forex trading. Be sure to like, share, and subscribe for more updates on currency pairs and financial markets!Long00:59by Josebill2
idea on a order blockWe have a great zone for next week where price could possible go.USD/CAD is trading in the 1.3750s after edging lower on Friday. The pair has been shielded by the worst excesses of volatility witnessed in markets brought on by the escalating geopolitical situation in the Middle East. The surge in risk aversion after reports of Israel’s retaliatory attacks on Iran have supported the safe-haven US Dollar (USD) along with the other usual suspects: Gold, JPY, CHF. Yet the impact on USD/CAD was muted due to the Middle East conflict’s impact on Oil, and the Canadian Dollar’s sensitivity to Oil prices. WTI Crude Oil prices rose over 4.0% from $81.80 to $85.50 following the news of Israel’s purported attack on Iran. This strengthened CAD because Oil is the country’s primary export. by EZIO-FX0
USDCAD Analysis: Shorting Opportunity with Head and Shoulders Se- Trade Strategy: Head and Shoulders Trading - Key Levels: Retest of Right Shoulder at 1.3778 - Profit Potential: Initial target of 50 pips, with potential for further downside Analysis: - Trade Strategy: Shorting Opportunity with Head and Shoulders Setup - Key Levels: Looking for a retest of the right shoulder at 1.3778 or neckline - Profit Potential: Initial target of 50 pips, with potential for greater downside movement Trade Plan: - Shorting Opportunity: Consider shorting upon retest of the right shoulder at 1.3778 or neckline - Profit Target: Initial target set at 50 pips, with potential for further downside movement - Risk Management: Implement effective risk management techniques to mitigate potential losses Insights: The USDCAD presents a compelling shorting opportunity with the formation of a Head and Shoulders pattern on the 4-hourly chart. While the initial target offers a modest profit potential of 50 pips, the broader setup indicates the potential for further downside movement. Exercise caution and closely monitor price action for confirmation of the trading setup. 📉 Seize the shorting opportunity presented by the USDCAD's Head and Shoulders pattern, with potential for significant downside movement beyond the initial target!Shortby RaynLim113
USDCAD has reached a strong resistance more likely to fall,1hrUSDCAD has went up and touched a weekly resistance that has been tested multiple times. USDCAD has given us a Head & Shoulder by the resistance zone with a breakout retest. Possible sells to come to about 200pips fall for the following week. With the patterns inside our trend we are likely to continue the sells after the breakout of our trend. Shortby AnalysisExpert2
usdcad long USD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will give you the edge to conduct thorough fundamental and technical analysis to trade this popular currency pair.Longby Mark8042
USDCAD HEAD AND SHOULDERS PAATERN!-we have a possible HEAD AND SHOULDERS -we simply wait for price to violate our NECKLINE to be BEARISH -close below zone(NECKLINE) we take SELLS!! REMEBER THAT THIS IS A ANTICIPATION NOT FACTSShortby sifisomashimbyi115
Price Action|USDCAD Downtrend Channel Down Trading Strategy"Our ironclad departure plan: activating the 1R break-even function, initiating the 2R trailing stop, all executed through our in-house EA tool."Shortby Day_Trading_Attack_Penguins3
usd cad sell 2h i will enter after the liquidity grab this is my forecast for the upcoming week Shortby CrowtR7
USDCAD - Short Reading the waves and Speed Index 1. Abnormal Speed Index of 14.8 = Sellers 2. Largest down wave with normal Speed Index = market agrees with move 3. 4. Large up wave but with high Speed Index 10.5 = Sellers 5. High Speed Index on the up move 8.0 = Sellers still forming but it looks like we are have a hard time to move up Therefore Short Shortby tdtrdview0
USDCADHi dear traders , Here on USDCAD chart there was a nice bullish momentum last week ,so the price finally broke above our strong zone after a 83 days ,so I think it worth we put this pair on our watchlist so I think there would be a nice long opportunity after a retreatment . Thanks for your time please leave a like and comment if you found is useful . Disclaimer : please note that is my personal point of view about market ,please always take your trades responsibly . by R2foreX2
still holding UC for a shortits the weekend i hope you are back testing and acquiring more information its gonna be a profitable week for us all cheers Shortby omilekeabimbola007221
USDCAD Date 22nd April Week Analysis22nd April to 26th April Week Analysis. It's all about probability. You can't predict price with 100% Accuracy, Atleast you can try it! Watch the charts, If you like then do follow on X and Tradingview.Shortby Ashish_Devmurari0
USDCAD Bearish ScenarioIn this timeframe, USDCAD has reached a significant supply zone. We can expect a reaction, making sell setups viable here. Over the past 100 days, there has been a strong bullish trend, with even minor correction waves showing bullish characteristics. This adds risk to the current scenario. Feel free to share your opinions about this pair in the comments.Shortby Biaxar4
INDECISIVE MARKET RESISTANCEPrice on this pair is currently displaying an Indecisive price pattern, with a clear head And shoulder's pattern indicating a Bearish market momentum, a breakout Of the neckline will be regarded as Additional confirmationShortby Mlando171