USDCAD: Bearish Forecast & Bearish Scenario Looking at the chart of USDCAD right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals112
USD/CAD Day Trading Analysis With Volume Profile 📊On USD/CAD it's nice to see a strong sell-off from the price of 1.37090. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the strong volume area are my main reasons for this short trade. Happy trading, Daleby Trader_Dale2
USDCAD: Free Trading Signal USDCAD - Classic bearish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Sell USDCAD Entry - 1.3694 Stop - 1.3719 Take - 1.3654 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals112
USDCAD bullish con.hey guys here's what i am looking at on USDCAD, price currently tapped a weekly key lv which i currently went long on, and even if i have further downside movement it will be a much better setup for me until my weekly lv is broken.Longby ib_danUpdated 10
3rd Times The Ticket! - UCADHere I have USD/CAD on the Daily Chart! Price on UCAD has been Ranging between the Resistance Zone @ ( 1.3880 - 1.3804 ) & Support Zone @ ( 1.3223 - 1.3116 ) since Sept. 2022!!! Price revisited the Resistance Zone on Apr. 16th-17th and since has created a LOWER LOW with price finding a Minor Support Level @ ( 1.3647 - 1.3616 ) Suspecting Price may be creating a Descending Triangle, I am waiting for price to attempt 1 more High that will be the 3rd Test of the Falling Resistance in which I will be looking for Selling Opportunities down to the Support Zone @ ( 1.3223 - 1.3116 )! *I have suspected a 2nd Scenario where given the current Bullishness of Price Action since its visit at the Support Zone in late Dec. 2023, if price is unable to Break Below the Minor Support Level, we could see this Falling Resistance turned into Support to then move Higher!Shortby Novi_FibonacciUpdated 228
USDCAD Will Go Lower From Resistance! Sell! Please, check our technical outlook for USDCAD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.367. The above observations make me that the market will inevitably achieve 1.362 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!Shortby SignalProvider112
Usdcad Usdcad am on a long on usdcad because the market changes its direction and is now on a uptrend it broke de resistance and retest on it to show its now a support zone so we buy and target the high by Greatvic0011
Short on USDCADwe are looking for shorts on USDCAD after we saw it break through a bearish channel and creating a lower lowShortby simeonjohannes442
Bounce off upper order pool short opportunity. Price spiked up and bounced off and upper order pool and is now trending down setting up a decent short opportunity. Profit is at or near the lower order pools.Shortby waveriderbill1
USDCAD LONGPrice Action Daytrading H4 bias bullish. Not expecting FED to cut the rates this coming Jun. USD will hold bullish till Sept. Price has broken a H4 Resistance level and went higher. Price did not reversed back into the range which shown that price is not fake breakout. Price retrace back in the H4 Broken Resistance that turned support. At the support level, it formed a double bottom pattern and broken through the lower TF resistance level. Set a long trade at the broken H1 resistance level. SL below the double btm targeting H4 Swing high with R:R 1:4Longby royschen073
USD/CAD - Entry Model After a double bottom, it made an excellent liquidity rally. It subsequently returns to test a trend line. What does that mean? Liquidity baby! I show you one of my favorite entry patterns.... Keep it Simple! :) If you liked it, don't forget to follow me! Longby DAISTRUM114
USDCAD - SELL CPi Data lower than Expected means Interest rates prob come down Investor don't like that Initially But price generally returns to previous levels anyway Shortby NZ_Shareman114
Canadian Inflation Affects the Loonie (🇺🇸💵/🇨🇦💵)Important April and year-over-year inflation data from Canada will be released this afternoon, which according to Statistics Canada has seen a housing production crisis unheard of in the country, leading to a runaway increase in housing prices and access to housing. It has also reflected a very strong increase in inflation in rents, transportation, and the shopping basket, as well as in other sectors so it remains to be seen if this inflation slows down slightly. This is in addition to statements from the New York and Richmond Fed with President John C Williams and Tom Barking, and Fed Governor Christopher J. Waller, former president of the Federal Reserve in St. Louis. In principle the three are going to talk about the scenario of U.S. economic resilience, prospects for housing price dynamics and a positive outlook for the country. This facilitates the continuation of what was already being talked about as a possible rate cut and "quantitative tightening" scenario that the markets have been anticipating with this lack of dynamism in recent weeks in line with the "sell in May and go away". Looking at the chart we could already see a slight correction on April 16 coinciding with the Fed's publications, this time it is foreseeable that the yankee greenback will try to gain ground on the Canadian Loonie. It is therefore possible to anticipate a possible rise to the highs to test a new test in which it could be trying to cross the area of 1.38980 Canadian dollars per dollar. But currently, the right signals are not being given, the RSI is in the mid 50.84% zone and the price bell shape has generated a mono-bell in 1-day timeframe, so its mid price zone is in the 1.34872 zone. If the price reverses to that zone, a downward movement would be possible, this would be visible if the Canadian economy improves against the US economy. Ion Jauregui - AT Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk. Longby ActivTrades3
check the trend If the price can stabilize above the current support range, it can start an upward trend. Otherwise, with the failure of the support range, a long-term corrective and fluctuating trend will be formedby STPFOREX1
USD---CAD------Bullish Trend is Making before Lower low and lower High and there is Now Divergence Came in trend Now wait Till Trend Break the Previous LH and start the New Trend one Hour Candle must be above then Lower and 20ema should be below than this Candle Longby ali110022210
80 pips potential up move to the Monday highs and BPRPrice has been rejected on the order block after the liquidity sweep of previous week low. Then on the lower TF we have created higher high with the displacement (FVG) which has been tested. I expect only smaller pullback down and run above the Mondays high in to the BPR or even above the trendline liquidity. Its potential +75 pips move. With nice RR depends on how you enter Always follow these rules - Accumulation / Manipulation / Distribution - 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 ⚔Longby Dave-FX-Hunter14
@@@ USDCAD UNIQUE IDEA %%%#USDCAD UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about USDCAD. USDCAD is making the Descending channel pattern in 8H timeframe. We can see gain here 100Pips+ in this move. Keep in touch we will update further soon.Longby Williamforex2223
USDCAD - 4hrs ( Sell Trade Target Range 140 PIP ) Pair Name : USD/CAD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Break 1.36500 Area Reasons - Major Turn level / D - Pattern Middle Band / Channel - Visible Range Hvn - Choch Zone - Day + week Low - Fibo Golden Zone - Fixed Range Poc Arae Bullish Reversal 1.35200 Area Reasons - Major Turn level - Pattern Target - channel Lower Band - Choch - Fibo Golden - Visible HvnShortby GoldenEngineUpdated 33182
USDCAD: GO FOR LONGUSDCAD: GO FOR LONG -ABCD pattern. -Demand zone. -Key level support. -Candle patternLongby phanvinhhai2
UCAD FOR BULLISHIm looking for this plan and still stick to this. Potential move upwards as i can see that we are in correction mode. Looking for buy only. We will see for the next couple of days. In daily time frame we are currently in wave 4 . After 4 will see an impulsive move to wave 5. Longby ewtradersbhUpdated 5
USD/CAD: LONG TRADEHowdy! The daily frame showed an inverted hammer candlestick pattern. Support and resistance lines were placed on the most recent swing highs and swing lows. Moving on to the 4-hour frame, a trendline formed a descending triangle. The price did not break through the support line but through the trendline, and a retracement was made. I predicted that the trend would continue to go up. Thank you for taking a look!Longby themarketmovesUpdated 1
USD/CAD buys?On the weekly price is bullish On the Daily timeframe price is also bullish On the 4H price is currently bearish due to the retracement to the 75% of the Fibonacci. If the DXY goes up so should the USD pairs I’ve got UCAD and UJ buys with EURUSD and GBPUSD sells. Not ideal as I like to be aligned cross all pairs however the technicals and fundamental regarding GU and EU point differently to UJ and Ucad. Longby Dieumercit442