Uptrend According to the structure of the correction pattern, it is expected that the correction process is over and the beginning of the upward trend is likely. Consolidation above the resistance range will make the continuation of the upward trend more likely Longby STPFOREX1
take profit now price is showing possible bullish movement secure profit now !Longby ReekCatchinPips0
Range-bound TradingUSD/CAD could head towards a pullback resistance which has been identified as the pivot. Could this FX pair potentially stall around this level once again before making a bearish reaction to drop lower towards the 1st support? Support: 1.3447 Resistance: 1.3629 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.Shortby ICmarkets3
trail SL if you are with me!i am on the road to growing my account join me on the journeyLongby ReekCatchinPipsUpdated 2
simple retracement now we sell !lets go down maybe the us will have strong news while meeting support level? Shortby ReekCatchinPips2
USDCADGood evening traders!! I hope you all are having a beautiful trading week so far, this is my latest analysis on USDCAD at the week is starting!!Longby Guiry_trades1
Major resistance level reached taking a quick buying postioni see selling power slowing down now time to buy ! for a short period FX:USDCAD Longby ReekCatchinPips3
Buying opportunity before bearish I believe the 61.8 will play an important role in the market as we approach the FVGLongby ReekCatchinPips2
USDCAD - Long - 08/04/2024USDCAD seems to be in a strong Bullish Trend printing series of HHs and HLs. R1, R2 & R3 at 1.36067, 1.36149 & 1.36484 respectively. The price seems to have retraced back from Fib 0.618 level. If the price breaks R2 level, it is likely to continue in a Bullish Trend and move toward the TP level. Trade Call: Long Entry: 1.36201 (Buy Stop) SL: 1.35468 TP: 1.36933 Longby WaqasWasi332
UsdcadIs this bullish ? I dont know lately things didnt play out the way i predicted . Lets see what happenes to thisLongby majedmo1
USDCAD Analysis (8th April 2024) Market Analysis PT2/2 (8th April 2024) USDCAD Analysis On the daily timeframe, Price action has rejected of a resistance of the Daily William Certified Range(WCR). This can be seen clearer on the 1 hour timeframe. On the 1 hour Timeframe, we have created a Sharp rejection off the Daily support, which created a bearish 1 hour Fair Value Gap in the process. Should price continue to Respect this WCR, i would look for price to reject off this 1 hour Fair Value Gap before creating a 5/15 minute Change of Character before looking for shorts. by CallistoFX8
USDCAD ANALYSISThe market is completing a bullish correction (double two) that started in OCTOBER 2022 in which wave Y is taking the form of a triangle. After wave Y is complete the move move will continue to complete wave Z of a larger WXYXZ correction. Please refer to my earlier published analysis to follow through.Longby Clapperton_1
USDCAD: NFP Surge Sets Stage for CPI ShowdownAttention Traders, In tomorrow's trading session, our focus is on USDCAD, with a strategic eye on a potential buying opportunity around the 1.35700 zone. Currently, USDCAD was trading in a downtrend and successfully managed to break it out, currently is approaching the retrace area at 1.35700. Augmenting our analysis with a fundamental layer, recent Non-Farm Payrolls (NFP) data emerged robust, surpassing expectations with 303k jobs added compared to the forecasted 212k. This positive economic indicator underscores the strength of the US labor market, potentially influencing future monetary policy decisions. Looking ahead, the upcoming Consumer Price Index (CPI) data slated for Wednesday assumes pivotal importance. If CPI figures reveal a significant uptick, signaling heightened inflationary pressures, it could serve as a catalyst for further Federal Reserve hawkishness. Such a scenario, where CPI data exceeds expectations, may reinforce expectations of tighter monetary policy from the Federal Reserve. This could include measures like interest rate hikes or tapering of asset purchases, bolstering the US Dollar and potentially driving upside momentum in USDCAD. As savvy traders, it's crucial to remain attuned to both technical and fundamental factors shaping market dynamics. By incorporating these insights, we aim to navigate tomorrow's trading session with prudence and insight. Best wishes for successful trading endeavors! Longby JoeChampion7
USDCAD Will Go Up! Long! Please, check our technical outlook for USDCAD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.355. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.367 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 113
USDCAD SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyShortby akmalsabran90113