USDCADUSDCAD is currently at a support level at 1.35994 and if price respects it we shall see buys towards 1.37806. but if price breaks below our support level we shall see sell towards 1.34986.Remember we also have the CAD CPI on TuesdayShortby josephazran1
Looking for a buy postion in USDCadthis is my outlook i belie price will continue now that the major support has been reached Longby ReekCatchinPips3
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-----Bearish Fundamental analysis The US economy should weaken, as the sharp rise in interest rates will still have its effect. If there are signs of a slowdown in the US economy, the reaction on the markets should be strong and a rapid upward movement of EUR/USD should be the result. For 2024, we expect a relatively better development of the economy in the Eurozone, where the economy should recover from a weak level. The US economy, on the other hand, should remain relatively weak, so we expect the dollar to weaken further. Technical analysis 1.20 Ema is Cross the 50EMA 2.Macd line is below the Signal line 3.Trend is Making lower low and lower High 4.DXY is in continues in downtrend Shortby ali11002Updated 3
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
Potential Rising channel USDCADPrice is potentially about to form a rising Chanel towards a 1Hr downward trendline. Awaiting s third touch confirmation on the 5min upward trendline or a touch on the 1Hr downward trendline to confirm a potential drop in price towards Take profit area as label in the chart analysis.Shortby SM_Makhuba0
USDCAD: One More Bearish ConfirmationThe USDCAD formed a rising wedge pattern following a breakout of a significant horizontal support level. After a retest of the broken structure, the price rebounded strongly, breaking through the support of the wedge. It is likely that the pair will continue to decline, with potential targets at 1.3586 and 1.3559.Shortby linofx1339
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
USD/CAN 4h TF RejectionI see 4hour trent line broken heavily with little pull back on 30 min time frame as rejection as well. This market is coming down after multiple traits piled on each other also we can see 50 EMA Rejection as well so yesssss it might hit first 50 pips next week ot this afternoon. Traders Happy trading this one will be great!!! I put my EXT. FIB. as Target 1, Target 2,Target 3, Target 4 Shortby boxeo2006881
Bullish Idea The pair is primed for a possible bullish movement according to my analysis.Longby Kadosh224
USDCAD :- Bullish Continuation 🇺🇸🇨🇦Dollar is currently gaining strength after Demand Zone was transact. Technically: USDCAD, is likely to continue upward move until @1.38462 (where major liquidity is resting) 5 reasons+ is one of my rules to execute trades, here: - Imbalance - Liquidity - Major Key Level - Fibo (79%) - DXY Correlation Longby undaba2
USDCAD long expectedUSDCAD can keep moving upward aggressively some correction is expected. we will keep a tight SL.Longby The_Pine_CoderUpdated 115
USDCAD - Massive Support 🚀Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDCAD has been overall bullish , trading inside the rising channel in blue. At present, USDCAD is undergoing a correction phase, trading within the short-term falling channel in red, and it is currently approaching the lower bound of the channel. Moreover, it is retesting a strong resistance turned support highlighted in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue/red trendlines. 📚 As per my trading style: As USDCAD approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richby TheSignalyst2221
change the trend It is expected that a trend change will be formed in the current support range and we will witness the beginning of an upward trend. Breaking the resistance trend line will confirm the upward trendLongby STPFOREX3
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
USD/CAD H4 | Pullback resistance at 38.2% Fibonacci retracementUSD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.3649 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 1.3707 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance. Take profit is at 1.3590 which is a pullback support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.Short02:48by FXCM6
USD/CAD: Seeking Confirmation for Bearish MomentumHello Everyone, To signal further downward movement, the USD/CAD pair must consolidate below the daily pivot point (1D PP). There's potential for a retest of the weekly pivot point (1W PP) as a resistance level, which previously held firm. TradeWithTheTrend3344Shortby TradeWithTheTrend33441
USDCAD - BUY Wycoff Return to Previous Level Also bounce off Resistence USD is stronger on Indicators at the moment Lets see Longby NZ_Shareman7
SELL USDCAD from current priceSell USDCAD 1.3622 SL 1.3645 TP 1.3575 total 45 pips target with 23 pips SLShortby VaithiLingamUpdated 1