USDCAD, SHORTS are piling up..BUYERS exiting. prep for DESCENDUSDCAD based on daily data is conveying a significant increase in short positions -- and buyers/LONGS exiting. Expect some series of descend (downside) from the current price point. Spotted at 1.36 TAYOR Safeguard capital always.Shortby JSALUpdated 3317
USDCAD next week plan, short at 1,36600I´m expecting that this currency pair will "visit" the supply above 1,36600 and then will fall to the closest demand zone at 1,35200. As you see in idea, SL is very tight, so it is very important to wait for the rejection before you enter. Monitor the rejection on lower TF like 15M or even 5M and look for CHOC or BOS on these. IF-WHEN entry conditions are met, I will try to update this trade. Not guaranted here. Wish you good luck.Shortby Rendon14
USDCAD Bullish Forecast Expecting bullish move may possible price will break buy side liquidity line.Longby ForexDivertUpdated 7
✅USD_CAD MOVE DOWN AHEAD|SHORT🔥 ✅USD_CAD made a bearish Breakout and the pair Is going down again after A local rebound so we Are bearish biased and We will be expecting A further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅ Shortby ProSignalsFx113
USD-CAD Bearish Breakout! Sell! Hello,Traders! USD-CAD broke the rising Support line then made A retest and is going down Again so we are bearish Biased and we will Be expecting a Further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignals3
USDCAD Will Fall! Short! Please, check our technical outlook for USDCAD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.360. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.357 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!Shortby SignalProviderUpdated 112
BUY USDCADhere you can place an order to buy order to the bullish divergence and it seem to hit our targetLongby samiiqbal640511
USD/CAD another upward waveit is possible that the USD/CAD FX:USDCAD will make another upward wave. After an impulse upward wave we can see a correction in USDCAD. it seems the price has reached the end of correction and it is likely to go up. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.Longby fortunamarkets446
USDCAD - Bullish Reversal - 20/05/2024USDCAD has been trading in a strong Bearish Trend, following which, a strong Bullish Divergence has been observed on the 1 hour RSI. The divergence has pushed the price action up, which currently seems to be printing new highs - a potential reversal into a strong Bullish Trend. If the price action breaks out the 1.36652 level, the price could continue in an uptrend towards the 1.38012 level. Trade Plan: Long Entry: 1.36652 SL: 1.35973 TP1: 1.37333 TP2: 1.38012Longby WaqasWasi3
USD/CAD Buys Active. 1.36000 Swing Trade Bullish Continuation I am currently in a Buy position on USD/CAD looking for a bullish continuation. 1.36000 is a very strong area of resistance now turning support. If you go to the monthly timeframe you can see that we are in a bullish market. Longby FXEntries1
USDCADWe expect a decline, and the decline will be confirmed when 1.35498 is broken when the daily candle closes below this number. We expect a decline to the next number 1.33632.Shortby Alla_Jwaze666
Potential bullish bounce off overlap support?The Loonie (USD/CAD) is falling towards the pivot which has been identified as an overlap support and could potentially bounce from this level to the 1st resistance. Pivot: 1.3561 1st Support: 1.3515 1st Resistance: 1.3631 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 ICmarkets4
USDCAD - BUY Wycoff Return to Previous Level Also bounce off Resistence USD is stronger on Indicators at the moment Lets see Longby NZ_Shareman7
Usdcad looking for buy side liquidity I believe usdcad may go up to take out the last high and sweep liquidity before continuing downward. Price had a break of structure and swept downside now it may reverse and grab some buy side. Longby cubbies287
USD/CAD SENDS CLEAR BULLISH SIGNALS|LONG Hello,Friends! We are targeting the 1.376 level area with our long trade on USD/CAD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅Longby EliteTradingSignals115
USD/CAD BEARS ARE GAINING STRENGTH|SHORT Hello,Friends! It makes sense for us to go short on USD/CAD right now from the resistance line above with the target of 1.362 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 116
USDCAD is approaching the downtrendHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.36500 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.36500 support and resistance area. Trade safe, Joe.Shortby JoeChampionUpdated 337
USD/CADHello again! As you liked the previous analysis and signal, here comes the second one. Please try to be patient and wait for confirmation before entering at the right place. This way, you won't have to place your stop loss far away from the entry point. The most important thing in trading is having a plan and always aiming for the win. However, you should never underestimate the market, as it can go in any direction possible. There are no "have to" or "had to" in the market. Thank me later!Shortby CryptosoursUpdated 339
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
SELL USDCAD from current priceSell USDCAD 1.3622 SL 1.3645 TP 1.3575 total 45 pips target with 23 pips SLShortby VaithiLingamUpdated 1
USD-CADThe USDCAD creates a support level at 1.36200. There is also a vertical downward trendline that touches three times its trendline, which may drain the market downward. If the market holds this support level then the market goes upward to the trendline. But if the market breaks this support zone then the market goes downward to the 1.35600 level.Shortby Dhareja221