USDCAD HEADING DOWNAs we can see that Head & Shoulder pattern has been formed on USDCAD so breakout of the neckline will result in downward movement.Shortby IMEVIL3
Lingrid | USDCAD long from the SWAP zoneThe market has tested the resistance level. The price, after updating highs, is pulling back to support levels, which is the swap zone. The market's main support was tested and bounced off after level rejection. I think the FX:USDCAD might be moving upward because the main trend is bullish. I expect the price to retest this week's low and bounce off. There is a likelihood that the weekly candle will close as a doji candle. My target is resistance at 1.38000 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Longby Lingrid119
correction Given that the price has broken out of the uptrend, the corrective trend is expected to move along the specified path. After the completion of the corrective pattern, it is expected that the upward trend will continueShortby STPFOREX225
Resistance at 78.6% Fibonacci ProjectionUSD/CAD could rise toward a pivot that has been identified as a pullback resistance. Could this FX pair potentially stall around this level before pulling back towards the 1st support? Pivot: 1.3828 1st Support: 1.3753 1st Resistance: 1.3888 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.Shortby ICmarkets0
USD/CAD H1 | Potential bullish bounceUSD/CAD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.3738 which is a pullback support that aligns with a 38.2% Fibonacci retracement level. Stop loss is at 1.3715 which is a level that lies underneath an overlap support. Take profit is at 1.3807 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level. 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. 66% 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.Long03:07by FXCMUpdated 11
CAD/USDI've been buying and selling for the last month within these support and resistance levels and using the trend line as a median. I'm not complaining about the results. No advice how to time the market.by RascalKing_9051
usd/cad-Weekly 26 ema pointing upwards. -FED pausing rate cuts. Long trades recommended. -15 min reverse hnd formation. Entry after the confirmative pullback with a strong bullish candle or a bullish pattern (a micro double bottom right on 26 ema can be distinguished). Stop loss below the pullback low. Take profit on the upper edge of the next zone.Longby koumkouat1
USD/CAD LONGBullish market structure. Break of bearish trend (recent). This pair is mainly bullish. It is meant to go up. Possible alternatives: it hits SlLongby ForexExplained116
USDCAC On Bullish Momentum If UADCAD continues to upside and cross it's R2 will become bullish and you can take long entry on given levels Buy Stop 1.38523 Stoploss 1.38172 Take profit 1.38964Longby Mazharghouri1
USD/CAD: Potential Downward Trend EmergingHello Everyone, Despite appearances, USD/CAD appears to be headed downwards. The daily pivot point has served as resistance, with the price adhering to the resistance zones of both the weekly and daily charts. The next crucial step would be for a cross to occur and for the price to firmly establish itself below the weekly pivot point. TradeWithTheTrend3344 Shortby TradeWithTheTrend33444
USDCADUSDCAD is in bearish trend. Printing LH and LL. Sellers are active. No sign of reversal. we wait and watch for the breakout of last LL.Shortby Naqash910
USDCAD - small buy tradei know my things so sometimes chart is not complicatet so dont need complicated analysis, this is a trade only on Market StructureLongby KronFX336
USD/CAD long - Demand zone - fib tool aligns with the Demand zone - market structure - profit target aligns with the previous high of this pair. ~ RR: 2.6 on the 4Hr chart Longby shoaib_s223
USDCAD Short 4H *Approaching Resistance Zone** USDCAD faces a strong area of resistance. The resistance is visible at D1 timeframe, USDCAD is about to hit a major zone. *This resistance zone coincides with the +70 % - (Fibonacci area = D1 timeframe) , further compounded by the RSI indicating overbought conditions in the D1,4H,2H(+70) timeframes. * Overbought Conditions on 1D, H4 and H1 time-frames - Such confluence signals a potential reversal point, particularly considering historical trends that indicate a seasonal decline for USD/CAD at this price range. This trade is active. Entry at 1.38101 First TP zone is around 1.375's 2nd TP zone is around 1.370's These zones are supports at 4H timeframe. Shortby xoxo45Updated 3
USDCAD - again near to support? Hold or not?#USDCAD.. in first go market very well holding his supporting line 1.3720 Now again market near to his support , so far placed 1.3740 day low Keep close that line of support because if market hold it then again bounce expected from here. Good luck Trade wisely by AdilHussain7313332
Approaching 38.2% Fibonacci supportUSD/CAD is falling towards the pivot which has been identified as a pullback support. Could this FX pair find support around this region before potentially bouncing higher towards the 1st resistance? Pivot: 1.3733 1st Support: 1.3668 1st Resistance: 1.3828 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 ICmarkets2
USDCAD finally dropping. looking for a pullback. Market already broke the previous low. I am looking for a pullback to form so I can enter the market safely. 08:16by Taneesha9
High Valid has been created on H4 TimeframeSwing high H4 has been created on TF H4, after that there was a CHoCH on 1 H tf. so i hope to take short opportunities take advantage of the retracement.Shortby richardos766hi8
USDCADUSD pairs to be getting weaker, so we can expect this pair to trend down.Shortby RicoTrades_115
USDCAD: symmetrical triangle pattern forming will it break up or break down? we shall see. by jaudio20174
USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.37600 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.37600 support and resistance area. Trade safe, Joe.Longby JoeChampion6
USD CADUSDCAD long idea. strong USD fundaments (COT data) and rejection of previous supportLongby iainfallowfield2
USD/CAD Sell Trade Analysis: Exploring Short OpportunitiesThe USD/CAD currency pair presents an intriguing opportunity for a sell trade, with technical indicators suggesting a potential downward movement in price. Technical Analysis: Resistance Level: The pair is currently approaching a significant resistance level, which has historically acted as a barrier to further upside movement. This resistance level indicates a potential area for initiating a sell trade. Trade Recommendation: Entry: Consider entering a short position as the price approaches the resistance level, ideally after confirmation of bearish price action such as a bearish engulfing candlestick pattern or a rejection from the resistance level. Stop Loss: Place a stop loss above the resistance level to manage risk in case of a breakout. Target: The initial target could be set at a support level or a previous swing low, with potential for further downside if the bearish momentum strengthens. Disclaimer: Trading forex involves substantial risk of loss and is not suitable for all investors. The analysis provided here is for informational purposes only and should not be construed as investment advice or a recommendation to trade. Always perform your own due diligence and consult with a qualified financial advisor before making any investment decisions. Past performance is not necessarily indicative of future results. Trading carries risks, and it's essential to only trade with capital you can afford to lose. Shortby Maven_Trader243