USDCADI am a critical independent thinker. Where my mentor thought he had seen it all, that's where my innovation began. I became much more absolute than he is. I'll be very wealthy. No doubt about that.Longby SkymForex112
CAD/USDThe current buying zone for CAD/USD stands at 0.7310, indicating a favorable entry point for traders looking to purchase Canadian dollars with US dollars. This suggests that the Canadian dollar is valued at 0.7310 US dollars, presenting an opportunity for investors to enter the market at this level. As for potential gains, traders can set their take-profit levels at 0.7341, 0.7360, and 0.7380, indicating the desired exchange rates at which they aim to exit the market and secure profits. These levels serve as targets for selling the Canadian dollar at higher prices against the US dollar. Additionally, it's essential to manage risk by setting a stop-loss order at 0.7280, which represents the threshold at which traders are willing to exit the market to limit potential losses. This level acts as a safety net to protect against unfavorable price movements in the market. Overall, this trading strategy provides a clear plan of action for traders looking to capitalize on potential opportunities in the CAD/USD currency pair while effectively managing risk.Longby FOREX_trade_01136
USDCAD Short between 8-10 May 2024USDCAD Short between 8-10 May 2024 Appears like a promising idea, as demonstrated on the Chart.Shortby Amir_S_G0
Short setup on downward pressure. After climbing to a upper order pool after news at nine Central prices now experienced downward pressure setting up a short opportunity based on my algorithms. Shortby waveriderbill1
Price is heading to the PWL and Lower. Short above Asia rangeI think the price will reach PWL today during the NFP or the post-NFP price action. I would be interested to trade during the manipulation phase above the asia range where there are nice BPR and other PD arrays nested in it. This would be the perfect scenario, however, we don't live in a perfect world. So flexibility is necessary as always. If the price reaches the targets before visiting my POI. the Idead will be invalidated. 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-HunterUpdated 2
USDCAD BUYAfter NFP gragra, the actual trend resumes, wave 'B' is completed and wave '1' of the wave 'C' is already in motion. Buy USDCAD, goodluckLongby eganuxfx112
Alikze »» USDCAD | Head and shoulders patternIn the 4h, 1h times, it has been moving in a downward channel, which has now hit the specified resistance level after exiting the downward channel and is associated with selling pressure. Two behavioral scenarios in 4h time can be imagined for it. 💎 The first scenario: if it returns with a resistance level, if it does not have the ability to break the zone, it can continue to the support level of the correction that an OB has caused the price to jump. 💎 Second scenario: considering that it has left the descending channel, this return can be considered as a pullback to the broken descending channel, but to continue the path, it must break the resistance level and Fibo 61.8 for the target. Otherwise, the first scenario will be likely. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»««« Shortby alikzeUpdated 4
USD/CAD analysis before NFP(5/3/2024)After a short correction USD/CAD FX:USDCAD has made a sharp break out and pulled back on the discount zone. it's likely the price telling us that USD/CAD is going to reach higher prices. 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 fortunamarkets0
5/3/24 - USDCAD BuyUCAD BUYS AFTER RETRACEMENT TO THE 15 MIN DEMAND cross above ema waiting, aiming for 1:2 and aboveLongby victoriaawUpdated 442
USD/CAD Technical Analysis and Forecast.The USD/CAD has recently shown mixed signals across various technical indicators and chart patterns, suggesting a critical juncture in the price movement of this forex pair. An in-depth analysis incorporating the latest Ichimoku Cloud, moving averages, RSI, Stochastic, and pivot points reveals nuanced trading opportunities. As of the latest data, USD/CAD exhibits a neutral to slightly bearish sentiment, oscillating within a tight range. The pair is currently testing the Ichimoku Cloud support on the daily chart, which suggests a possible indecision in the immediate trend. The significant rejection at the 1.3665 resistance level and the subsequent pullback indicate a struggle to maintain upward momentum. The short-term moving averages (10 and 20-day) signal a bearish crossover, with prices trending below these lines, hinting at a bearish bias in the near term. The longer-term moving averages (50, 100, and 200-day) remain bullish, with the price above these levels, indicating sustained upward pressure from a medium to long-term perspective. Ichimoku Cloud Analysis: The price near the lower boundary of the Ichimoku Cloud on the daily timeframe implies a crucial testing point. A definitive close below the cloud could trigger a bearish trend shift, while support here might rebound prices upward. The Stochastic indicator has recently exited the overbought region, currently showing a reading of 18.82, suggesting that the market may have been overstretched to the upside and is normalizing. The RSI stands at a neutral 49.83, which does not provide a clear directional bias but supports the view of potential consolidation or correction phase. Pivot Points and Critical Levels: The current pivot point stands at 1.36992. Support levels are established at 1.35523 (S1), 1.33312 (S2), and a more significant floor at 1.29632 (S3). Resistance levels are marked at 1.39203 (R1) and further at 1.40672 (R2), with a critical ceiling at 1.44352 (R3). Given the technical setup, traders might consider a cautious approach with a speculative bias towards bearish momentum in the short term, especially if prices consolidate below the Ichimoku Cloud. A short position could be initiated upon a daily close below the Ichimoku Cloud, specifically below 1.36200. Set a stop loss at 1.3700 to mitigate risk, targeting initial support at 1.35523 (S1), with further potential descent towards 1.33312 (S2). Conversely, if the pair rebounds off the cloud or lower support levels, establishing a long position with a stop loss just below the recent low around 1.35800 could be profitable, aiming for a retest of the 1.3700 area followed by an ascent towards 1.39203 (R1).Shortby AxiomEx5
USDCAD UPDiscussion revolving around presidential leadership, morality, and the perception of effectiveness in governance. Criticism of specific political figures, including Trump, regarding their policies on money printing and military intervention in the Middle East. Personal anecdotes shared, highlighting experiences during the Trump administration, particularly concerning healthcare and legal matters. Skepticism towards mainstream political discourse and the influence of money in politics, with references to historical events like the French Revolution. Reflections on global challenges, human fallibility, and the potential role of AI in addressing societal issues.Longby sanskarburange2
BUY IT ALLThere's been a clear break of the trend to the upside. You can see where I circled the market structure,has been broken and it's making higher highs and lows. The market retest back to a clear support and head and shoulder pattern. Always use risk management.Longby obedious1
USDCAD SELLlooking to sell UCAD supply's have been used and break of structure has occurred need a retracement to the entry aiming to take price to the LOD and 15 min demandShortby victoriaawUpdated 2
Strifor || USDCAD-02/05/2024Preferred direction: SELL Comment: Yesterday's trading idea for the Canadian worked perfectly. Today, the likelihood of continued decline remains. The price is trading close to yesterday's target, namely the level of 1.37020 , at this level, the next short (breakdown downward) is being considered. We highlight two scenarios for ourselves with a common goal at the level of 1.36557. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!Shortby Viktor_strifor_analystUpdated 112
Uptrend Given that the price has crossed the 78.6% level, the recent bearish wave is expected to be part of a correction. It is expected that a trend change will be formed in the current support range and we will see the beginning of the upward trend. By crossing the support range, the above scenarios will become invalid Longby STPFOREX3
Usd/CadUsd/cad had a beautiful break out of a tight Apex on the 4 hour timeframe. The other confluence was a diversion on the rsi indicator. After making new highs we mark the last red candle and is used as a poi. Once it has returned to it we simply go down to our lower timeframes and look for the entry. Big news today from the dollar which for me is another massive confluence for us to buy. High impact news so you should be very wary of a dreaded long which so tight stops are a must! In my opinion my their is no long tailed wick as we have met all of our confluences and there for I aggressively enter when my set up arise. Trade safely Longby haydenk921
USDCAD: Curve Analysis (1H)Price Action is nearing a Demand Zone on the 1H chart, so we may be able to capture rougly +200-pip opportunity to the upside. Be prepared for the probability of Price Action consolidating or ranging around the minor Resistance Level @ 1.3709 and reversing to a DT once it reaches the major Resistance Level @ 1.3768. Short-term time frames (1-minute to 3 hour): — Highly volatile, price movements can be fast and unpredictable. — Suitable for day trading and scalping, but require constant monitoring and quick decision-making. — Not ideal for beginners due to the risk and stress involved.Longby ProfessorCEWard3
USDCAD BUY **USDCAD** Technical Analysis : We notice that the dollar is in an upward movement within an ascending price channel We can say that wave 4 has completed and wave 5 is beginning to form . Fundamental analysis : 7 may 2:00pm The Ivey Purchasing Managers Index it will be weak making the cad weak . **Buy deal 7 may : Entry from levels 1.367 and targets are 1.381.Longby CrowtR3
NFP- WHAT'S NEXT FOR USDCAD?Anticipating a long on USDCAD ahead of the NFP. the dollar has been showing a tremendous amount of strength for sometime now. let's see how this goes. DISCLAIMER: This is not a financial advice.. it's just my perspective. trade with caution.Longby korency0
USDCAD - Bullish Trend TradingUSDCAD has turned bullish by breaking its previous lower highs and making new higher highs and higher lows. Possible bullish entry can be made on retracement of current bullish impulse move on the buy side. Let the trade work.Longby AnalytixEdgeByQasimUpdated 3
USD/CAD Bears in Control: Key Supports AheadHello Everyone, The USD/CAD is aligning with the bearish forecast as it continues to decline. Key support levels to monitor include 1.367683 and 1.357556. TradeWithTheTrend3344 Shortby TradeWithTheTrend33442
USDCAD BROKE SUPPORT TO SELL (WATCH OUT FOR NFP NEWS TOMORROW)Based on the support line that has been broken, it seems safe to say USDCAD will sell. However, we have NFP news tomorrow for the USD to beware if price goes up. This selling position along with news could also push price further down to collect a great amount of profit in pips. TP: 1.368-1.363Shortby JoeJohnsonIVUpdated 111