USDCAD ideaCurrently price is in 4 hourly OB ZONE + we can see that there is a divergence also. We may see USDCAD to be bearish from this level or the current resistance level.
Usdcadanalysis
USD/CAD Holds Ground Near 1.3500 Amid US Dollar RevivalThe USD/CAD pair is holding firm around 1.3500, despite weak US economic data for July. Awaiting insights from the Jackson Hole Symposium, the US Dollar Index continues to climb. Meanwhile, the Canadian Dollar is affected by falling oil prices. Scotiabank sees USD-bullish trends but cautions the currency is overbought. Key resistance and support levels are identified.
TRADE IDEA DETAILS
CURRENCY PAIR: USD/CAD
CURRENT TREND: Bullish
TRADE SIGNAL: Buy
👉ENTRY PRICE: 1.3520
✅TAKE PROFIT: 1.3600
❌STOP LOSS: 1.3490
ANALYSIS:
The current trend for the USD/CAD pair is bullish, supported by the USD's rebound and Canadian Dollar's pressure due to declining oil prices. The support level of 1.3500 has proven strong, and the trend oscillators indicate a USD-bullish sentiment.
FINAL THOUGHTS:
This trade capitalizes on current bullish trends in the USD and pressures on the CAD due to oil price dynamics. The Jackson Hole Symposium and subsequent economic announcements should be closely monitored, as they may significantly impact the currency pair's movement. Attention to the overbought signals and resistance levels will be key to successful trading within this setup.
USDCAD short ideathis pair has formed a valid trendline with 3+ touches and broke it
we waited for a trendline retest and now we entered a short (sell) position
Good luck
USDCAD - Looking to Buy Pullbacks In The Short TermH4 - Bullish trend pattern.
Currently it looks like a pullback is happening.
Until the strong support zone holds my short term view remains bullish here.
USDCAD - Short active ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: As I expected in my previous analysis price went a little bit higher, filled the imbalance and then rejected from bearish order block + institutional big figure 1.36000.
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USDCAD possible short for 1.3420double top formation in the background. supply zone for short 1.3630-65, stop loss: 1.3685, target: 1.3420.
UsdCad in search of new resistanceIn my previous UsdCad analysis, I said that the pair could start to rise and challenge the 1.35 zone.
Since then UsdCad has risen 300 pips and is now is trading well above 1.35.
Today the pair seems to break above the newly formed resistance and go for a test of important 1.3650.
My outlook remains strongly bullish and only a dive under 1.35 would put a pause to this scenario
USDCAD Triple Top USDCAD making a triple top and price might comes down from this resistance.
Manage your risk Accordingly!
DeGRAM | USDCAD consolidating before breakoutUSDCAD is currently trading in an ascending channel.
The market created a consolidation zone or triangle pattern.
Essentially, the price is coiling up before breaking through the level.
We anticipate a retest of the major resistance in anticipation of completing the AB=CD pattern.
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USDCAD in my opinionStructure is bearish but on Daily Chart USDCAD is bullish.
I see LL, LH structure. I will looking some entry after open London.
Every time remember about risk. Slowly slowly gain
Short opportunity on 15 min USDCAD chart...Major turn level shows on USDCAD chart.
Short opportunity seems on this chart.
Risk-Reward is so logical.
Trade safe.
Good luck.
USDCAD Long Term BUYING Trading 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 Charts
USSCAD: A SHIFT IN DOLLAR?Reuters reports dollar retreats from 2 months high.
An interesting observation and looking at the charts, we can see a text book chart pattern.
Downward trend and a retest to a significant level.
We understand a fake out from the descending price could happen.
Watch out. Comment what you think
USD CAD SCALPRisk 0.5%
TP1 = 1:2 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
USDCAD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bearish market structure from daily perspective, so I am looking for short. I want price to continue the retracement to fill the imbalance higher and then to reject from 4H bearish order block + institutional big figure 1.36000.
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USDCAD I Wait for pullback Welcome back! Let me know your thoughts in the comments!
** USDCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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USD/CAD PREDICTION ON 17.08.2023At the moment, the Canadian Dollar (CAD) is exhibiting a bearish trend. Several factors could be influencing this downturn, be it economic data from Canada, global oil prices, or international trade dynamics. It's vital for investors and traders to keep abreast of relevant news and economic indicators from Canada. Always combine insights with personal research and consider seeking advice from financial professionals before making investment decisions.
USDCAD Analysis 17Aug2023USDCAD looks very bullish. Last week, prices responded positively to the SR Flip area and continued bullish. If you want to buy, you can adjust your money management. There is a possibility that the price will be corrected in the SND area and then resume bullishness.
USDCAD shortLower low here and then a following lower high, offers up great R.
Higher time frame failure to go higher as well. Could be a bit too early to be shorting. But seems like a good opportunity especially with DXY looking heavy.
USDCAD 4HR AANALYSISUSDCAD is in an uptrend, though price has been rejected twice at the higher TF and it's consolidating at this level. If price breaks he trendline, I will look for a long position to the marked target level.
If price rejects at this level and gives a strong bearish patter, my bias will change and i will look for a sell position
UsdCad road to bullishnessRemember HTF is key, using weekly TF we can see that usdcad has broken structure cleanly to the upside leaving a very juicy fvg for next week trading and respective buyside liquidity above as draw on liquidity (dol)
I believe Tuesday or Wednesday go possibly trade back to the fvg and create the low of the week thereby expanding as a result of the fomc on Wednesday pm session newyork
