USDCAD is approaching an important support areaHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.36500 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.36500 support and resistance area. Trade safe, Joe.Longby JoeChampionUpdated 6621
Almost clear for take offAll ideas are strictly my interpretation of price action. I am not a professional trader nor are these ideas professional advice. I will try to update my positions frequently .Longby THE_APIS_TRADERUpdated 115
Up and Away All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.Longby THE_APIS_TRADERUpdated 3
BULLISH USDCADBullish dollar for intraday today meaning that we expecting a bullish pimp we already broke out of the trendline we are now expecting an impulse move for today and tomorrow and we expect to wait and see what price does at the next daily support Longby Zim_10
USDCADUSDCAD is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH. What you guys think of this idea?by JustTradeSignals2
Range trend It is expected that the price will fluctuate in the current range and then the beginning of an upward trend will be formed. The price is expected to fluctuate within the specified resistance and support range by STPFOREX1
USDCAD Will Move Higher! Buy! Here is our detailed technical review for USDCAD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.368. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.372 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider113
USDCAD | Strong Economic Data boost the CAD | 13-17/5/2024 Canadian job market expanded by 90.4K fresh payrolls while annual wage growth slowed to 4.8%. Fed Bostic said the central bank is uncertain about when and how much interest rates should be reduced. Oil Price Decrease boosting the USD on the other hand. Gaza tension also could increase the flow to safe haven Dollar, increase the Dollar Strength Technical Analysis on Friday, USDCAD hit the support level 1.36306 , and quickly bound back to above of SMA 200. www.tradingview.com USDCAD is forming the Bullish Pennant Price Pattern, more data of US will be publish this week. Investor need to monitor data for the break of this pattern. Longby EasyTradingOnline221
USD/CADthe USDCAD currency pair is presenting a selling opportunity at the price level of 1.37251. This means traders might consider initiating a sell position at this price point. To optimize potential gains and manage risk effectively, traders could set multiple take profit targets. These targets are identified at 1.37000, 1.36600, and 1.36400 respectively, indicating different exit points where traders aim to secure profits as the price declines. It's crucial to also implement a stop loss order at 1.37911 to mitigate potential losses in case the market moves unfavorably. By adhering to these strategic levels, traders can structure their trades with a clear risk-reward ratio, enhancing their chances of success in the forex market.Shortby FOREX_trade_01Updated 22148
Usd/Cad USD/CAD - We are overall bullish on the higher timeframes on UC . Price ranging respecting our fib levels 0.62 - 0.79 . I'm mainly looking for buys but if price breaks below 1.36300 I will look for some shorts . Daily : 4 Hour : Longby jonathan1196111
✅USD_CAD WILL KEEP GROWING|LONG🚀 ✅USD_CAD is trading along the rising support And as the pair will soon retest it I am expecting the price to go up To retest the supply levels above at 1.370 LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx114
USDCAD LONG OR SHORT Price is in an uptrend and a breakout from the trendline and retest to the zone will take price short but without the breakout we go long...no confirmation, no entry by Silveryekerete1
USDCADWe will be looking for buying opportunities as the market is still above the support zone and still respecting it resulting in buysLongby officialpotego_fx4
USDCADUSDCAD Amid a weaker dollar, the Canadian falls and is poised to continue falling after breaking through 1.363by FOREXRSMV1
USDCAD Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring USDCAD for a buying opportunity around 1.36100 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.36100 support and resistance area. Trade safe, Joe.Longby JoeChampion8
USDCAD IS ON A KEY LEVEL LOOKING FOR A REVERSALThe USDCAD is once more testing a significant key level identified on the daily timeframe, showing signs of a potential reversal based on price action. Repeated rejections around this zone indicate it being respected as a support. There's anticipation for the reversal to revisit the major resistance established on the daily timeframe. Additionally, analysis of the price action reveals the completion of the 4th impulsive wave.Longby traderchamp_3
USDCAD: DXY strong bull run will continue to dominateDear Traders, DXY strong bull run continue to dominate all the USD pairs, and it will likely to dominate the market in future. Because recent significant economic data came out in favour of DXY with great margin. We personally also think that price is likely to rebound strongly from our entry zone. Price had accumulated for weeks in a pennant channel and broke out strongly, second confirmation is that price did restest the area after it broke out the channel. Third confirmation is price movement in 4h and 8h timeframe shows strong bullish volume invovement. Like and comment what do you think of USDCAD. Longby Setupsfx_Updated 3321
USDCAD KEY IMPORTSANT PRICE LEVELWatch Those Levels and Take your trade around them ! Bias is still to the downside Shortby solimanz821
Will the market again take a bullish guard?📊Due to the decrease in the downward momentum of the price movement, if the range of 1.368 units is broken upwards and the price stabilizes above it, the price may increase to the range of 1.373 🎯and in the case of the strength of the range of 1.383 units🎯🎯. 📊Otherwise, the possibility of price correction up to the range of 1.356 units.Longby arongroups2212
USDCADThe Canadian dollar pair is in the fifth wave. I expect it will go to the place shown on the Chart. The stop loss is if it closed two candles below 1.31726 for a 4-hour frame. Longby Prinnce_243
USDCAD Possible Short-term ScenariosIn the 1-hour chart, USDCAD has completed its 1-5 waves and completed a correction with wave A. Now, it's poised for a downward movement with wave B, followed by an upward movement with wave C targeting the daily resistance level. From there, a new downward wave can be expected.by Babakr1
USDCAD - Bullish TradeUSDCAD in bearish trend with bullish AB=CD chart pattern is indicating reversal from bearish to bullish trend at point D.Longby ZubairShah914