USD/CAD: Strong Buy with Key Support Above Pivot PointsHello Everyone, USD/CAD is currently a strong buy, but it's essential for the price to remain above the 1-month/1-week pivot point to see further upside potential. TradeWithTheTrend3344Longby TradeWithTheTrend33444
USD/CAD - Congestion over congestion.. After still consolidation, we have a breakout and.. again another congestion!! Remember when you have a good liquidity, the opportunity is near. Keep it Simple! it you like it, don´t forget to follow me! :) Longby DAISTRUM3
USDCADTraders are observing a symmetrical triangle price pattern, with a risk of a breakout to the upside. The recent Non-Farm Payrolls (NFP) data has been positive, which could contribute to a bullish wave Key support and resistance levels have been identified, which can play a crucial role in determining the pair's movement. Current pivot points are set at 1.3752 (P), with resistance levels at 1.37552 (R1), 1.376 (R2), and 1.3768 (R3), and support levels at 1.3736 (S3), 1.3744 (S2), and 1.37472 (S1)Longby TFXBR3
USDCAD TRADE SETUPWait for retest the key level then take a trade for Buy otherwise skip this setupLongby JinnatAlamSumon3
USD/CAD Correction before next upward rally(6/8/2024)USD/CAD FX:USDCAD has been trapped into a curve, we can see few back and forth movements since last month. Since the NFP data was quite good, we believe the price will move another wave upward after some corrections. 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 fortunamarkets3
USDCAD will continue bluishAs I drew before I will still remain bullish for this pair.Longby ewtradersbh3
USD/CAD H4 | Rising into swing-high resistanceUSD/CAD is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.3724 which is a swing-high resistance that aligns with the 100.0% Fibonacci projection level. Stop loss is at 1.3754 which is a level that sits above a swing-high resistance. Take profit is at 1.3654 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.Short03:03by FXCM6
USDCAD Uptrend Line Breakout At 1.37654. 11.06.2024USDCAD uptrend line breakout to the downside at 1.37654. If breakout holds: Target 1: 1.37558. Target 2: 1.37350 if 1.37558 is broken. If breakout fails: Target 1: 1.37823. Target 2: 1.38160 if 1.37823 is broken. Apply Risk Management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerShortby BDSwiss_Academy2
USDCAD ( LONG )USDCAD Tendency the price is under bullish pressure 1.37293 Turning level : The turning level at 1.37293, so as long as the price stable below this level, there will be a bearish trend resistance level : trade the turning level 1.37293, the price will rise to 1.37965 as long as the price stabilize this level , there will be reach 1.38387 support level : The trading stabilizing below 1.37293 , the price will reach the support level of 1.36692, and under this level it will be reach 1.36256 corrective level : price will attempt 1.37293 , correct itself before long Longby ArinaKarayi3
USD CAD INTRADAY LONGi have opened a position for usd cad due to its range bound movement on H4. We currently see a continuou HH and HL and im expecting for price to go to higher highs from here. There are also no rsi divergence to expect any reversal.Longby Chathifriends3
Elliott Wave Analysis: Anticipating an Upward move in USDCADHello Traders, Trust you are great. Below is my Elliott wave analysis of USDCAD currency pair Analysis: The structure of the USDCAD currency pair suggests the formation of an irregular Flat corrective pattern. The initial Wave A has taken the form of a leading diagonal, moving downward. Current State: Wave B appears to have completed its formation. The next expected movement is the formation of Wave C. Expectation: An impulsive Wave C is anticipated to move upward towards the 1.37445 - 1.38147 region before a subsequent decline. Invalidation level for the upside projection: 1.3605. Cheers!Longby Samuel124Updated 1111
USDCAD H4 LONG TERM Selling TRADE IDEAHello Traders In This Chart Usdcad HOURLY Forex Forecast By FOREX PLANET today USDCAD analysis 👆 🟢This Chart includes_ (USDCAD market update) 🟢What is The Next Opportunity on USDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChannelLongby ForexMasters2000Updated 3
USDCAD Expected move Head and shoulders on USDCAD... we are expecting price to drop today and we are looking for selling opportunities Shortby GoldenB552
USDCAD - SELL US Unemployment Smashed up Return to Previous LEvel CAD Strong Oil has been Strong Why price even went up apart from to collect Stops i do not know Has Hit Resistence Is Over Extended Indices will Roll Over on 5 min CCPV Indicator Tartget Order Block Below All USD Pairs same scenario imho Shortby NZ_SharemanUpdated 2
USD-CAD Strong Resistance Ahead! Sell! Hello,Traders! USD-CAD is going up But will soon hit a Horizontal resistance Of 1.3782 from where We will be expecting A local bearish pullback Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignals113
USDCAD 1HI see a tendency to rise in this chart, but it should reach lower prices and then I will buyLongby sepidehsky2
USDCAD LONG Buying IdeaHello Traders In This Chart Usdcad HOURLY Forex Forecast By FOREX PLANET today USDCAD analysis 👆 🟢This Chart includes_ (USDCAD market update) 🟢What is The Next Opportunity on USDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChannelLongby ForexMasters2000Updated 3
USDCAD is Heading Upwards After Testing major Support LevelHello Traders In This Chart Usdcad HOURLY Forex Forecast By FOREX PLANET today USDCAD analysis 👆 🟢This Chart includes_ (USDCAD market update) 🟢What is The Next Opportunity on USDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChannelLongby ForexMasters2000Updated 3
USDCADThis pair looks to be lining up nicely for a bullish move off of that zone. All timeframes in bullish sync and also right at that institutional level of 1.37500. Once price comes down I'm expecting price to hold support and then a few other confluences and then I will be going long. If price doesn't do these things I won't take a trade. Longby jahod3
USDCAD - Awaiting Breakout Amid Key Economic Data ReleasesThe USDCAD pair is currently forming a wedge-type pattern, indicating a period of consolidation that typically precedes a significant price movement. The forthcoming Non-Farm Payrolls (NFP) and Consumer Price Index (CPI) data releases will be critical in determining the direction of the breakout. ---------------------Key Levels:-------------------------------- Strong Support: 1.36000 Medium Resistance: 1.37500 Strong Resistance: 1.38500 Current Market Sentiment: At this juncture, we maintain a neutral bias on USDCAD, given the potential for either bullish or bearish developments contingent on upcoming economic data. ________________Technical Indicators:__________________ Support and Resistance Analysis: The pair is testing critical support at 1.36000. A break below this level could signal a bearish trend, targeting lower levels as the market reassesses USD strength. Wedge Pattern Formation: The wedge pattern suggests an imminent breakout, though the direction remains uncertain pending economic data. Volume Analysis: Observing volume spikes during the breakout will be essential to confirm the direction of the trend. _____________________Potential Scenarios__________________ Bullish Scenario: Trigger: A breakout above the medium resistance at 1.37500. Implication: If USDCAD breaks and sustains above 1.37500, it could pave the way for a continuation towards the strong resistance at 1.38500. Target: 1.38500 and potentially higher if bullish momentum persists. Action: Monitor for buy signals upon confirmation of the breakout with increased volume. Bearish Scenario: Trigger: A breakdown below the strong support at 1.36000. Implication: A decisive move below 1.36000 would likely initiate a bearish trend, with the potential for accelerated selling pressure. Target: Lower levels, possibly revisiting the next significant support zones around 1.35000 and 1.34000. Action: Consider sell signals if the price breaks below 1.36000, ensuring confirmation through sustained lower price action and volume. Conclusion: USDCAD is poised at a critical juncture within a wedge-type pattern. The upcoming NFP and CPI data releases are expected to provide the necessary catalyst for a breakout. Traders should remain vigilant and ready to react to a confirmed breakout above 1.37500 for a bullish trend or below 1.36000 for a bearish trend. Recommendation: Maintain a neutral stance until the price action dictates a clear direction. Utilize stop-loss orders to manage risk effectively and be prepared to adjust positions based on the market response to the upcoming economic data. Disclaimer: This report is based on current market conditions and is intended for informational purposes only. It does not constitute financial advice. Always conduct your own research or consult with a professional before making trading decisions. by trading_jupiter3
USDCAD - SELL CAD Interest Rate Decision Dropped by 0.25 % Pushed up then had the BOC Conference Blah Blah talk Then pushed back down Sharp Target Order Block 20 pips Shortby NZ_Shareman2
USDCAD UNDER ( FED RATE ) PRESSUREUSDCAD HELLO TRADER Tendency the price is under BEARISH pressure 1.37368 Turning level : The turning level at 1.37368 , so as long as the price below this level, there will be a bearish trend resistance level : Breaking the turning level 1.37368 , the price will rise to 1.37965, as long as the price stabilize this level , there will be reach 1.38387 support level : The trading stabilizing below1.37368, the price will reach the support level of 1.36476, and under this level it will be reach 1.36098 corrective level : price will attempt 1.37368 , correct itself before falling * please , beware trading because toady , 9.00 we have a fed rateShortby ArinaKarayi3
Big buy incoming for USDCADLooking at the weekly TF down to the daily TF..USDCAD looks bullish and the bulls are looking to clear some liquidity at the upside ... So I expected a sell down to the 1.3600 region , before the bulls begin the journey to clear the liquidity parked up above all the way to 1.3900 and probably touch 1.400Longby Joshforexx2