U.S. Dollar / Canadian Dollar

USDCAD FXCM

SensibullTrading

USD/CAD has been dropping relentlessly over the past few weeks. However, the downtrend has slowed down and a reversal might be on the corner. Price is currently at the multi-year lows near 1.2080 from where a reversal might take place. A long entry between 1.2050-1.2100 with SL below 1.20 and TP at 1.25 is an attractive buy set-up provided some bullish price...

Zaks_ForexSignals1

Greetings Traders this is my analysis for EURCAD and it is Long. The price began to uptrend to this line after it touched the Strong Support Line.Now it is preparing for a Uptrend movement. Patience is the key. Traders make your own analysis before trading. Please Leave a Like,Comment and Follow! Thank You!

iamcooljhay

with price at equilibrium and other factors pointing to and upward breakout, we make use of the institutional consolidation concept to take our entry.

TradingStat

The price broke through the resistance line of the main downward trend at point 1.221. After that, it continued the fall in a minor downtrend. However, soon it will go down to the strong support level of 1.206 and after that we can expect a reversal and new growth towards the resistance line 1.217. Remember, there is no place for luck in trading - only...

SurajGupta614

sell 0.20

Lingrid

Since April 2021, the price has maintained a downward movement that lasted in two stages. First, the price bounced off the April 2020 resistance line of 1.262. Then it broke through, consolidated and pushed off the resistance of January 2021 at point 1.233. As a result, the price dropped and stopped at the November 2020 support line. 1.209. I expect it to start...

TumeloDon

FX:USDCAD Good day. We take a look at USDCAD pair that has been dropping now for a long number of months. A closer look at the pair seems to show that we are in a long-term flat correction, therefore trading within a range. It is not yet clear in which direction this pair will breakout, but for now it seems we remain in the range. Our bias is that we will...

DeGRAM

The price began to fall from the resistance of the falling channel (June 2020) 1.266. During the fall, it broke through the resistance line 1.233. It fixed on it and broke through the border of the channel 1.220. Now the price has reversed and started to rise, and I expect the test to be false. I expect the price to be: 1 - will break through the line 1.219 and...

ant_capital

This pair is very bearish and now we are seeing it's moving for a retrace on the previous structure high to retest it. Let's wait for the market to move towards our bias and look for confirmations.

nmkvijay

Dear friends, Don't follow me blindly...what i am sharing here, is my knowledge not signals I am sharing my view through Elliott waves from past 4 yrs....i learned tons and tons here and market taught me lot and still teaching and i am listening to the market...and i am getting a lot of PM's regarding NEGATIVE COMMENTS from my friends...i am sharing here my view...

Jin_LCMSTraders

Overall, USD/CAD is trending downwards. Currently, USD/CAD is testing the support zone of 1.21000 and the next resistance zone is at 1.22400. Look for selling opportunities of USD/CAD if it breaks the support zone of 1.21000.

Vitezabraham

Hello Traders! If risk sentiment continues to lead more to risk off then oil prices would drop, Canadas biggest export is oil and considered to be high beta currency which favours buyers when there's risk appetite. I recommend to place a trade when it breaks out from this range either side would offer a trade setup. As price is pretty overextended to short...

ginfrix

Good day traders, USDCAD has been on a down trend since Dec 2020 when the major support on the 1.3000 broke. The price has been moving within its downward channel . A possible Bounce play could happen since the current price is now sitting on the channel support line and horizontal support line at 1.20900. If this level does not break, then there is a high...

Tommy_Trader

#USDCAD #Weekly #SwingTradingSetups Long (Valid until Oct 11th) EP: 1.18105 SL: 1.14816 TP1: 1.23313 TP2: 1.27287 Long EP: 1.08238 SL: 1.05497 TP1: 1.12349 TP2: 1.16187

CatClaws

When price reaches areas of low volume (highlighed by the orange oval) it tends to tear right through because there's less resistance/support. The USD/CAD weekly chart shows price struggling to get through some areas of high volume, but as soon as it reached an area of low volume it started to tear downwards (highlighed by the red oval). This downward tear may...

ChartDepth

USDCAD Possible Symmetric Triangle Pattern If Price Breaks 1.2115 go long

highimjoelj

Overall price is clearly on a downtrend. Price is currently approaching a strong weekly support area, which looks like is slowing down the momentum. 1hr-4hr showing price consolidating in a rectangle. Waiting for break and retest from either side to determine whether to enter long or short.