Get started

Usdcadlong

USD/CAD Prediction on 03.07.2023The USD/CAD pair continues to show strong bullish momentum as we progress further into the third quarter of 2023. This can be attributed to several factors, both domestic and international, influencing the strength of the US dollar against the Canadian dollar. One key factor contributing to the dollar's bullish strength is the robust economic recovery witnessed in the United States. Growth has been driven by strong consumer spending and solid improvements in the job market. Additionally, the Federal Reserve's stance on monetary policy, which seems to have taken a more hawkish turn in recent months, is supporting the US dollar. The hint of potential rate hikes on the horizon has fueled bullish sentiment among forex traders. Meanwhile, the Canadian economy is experiencing headwinds due to various factors. One of the main concerns is the softening in commodity prices, particularly oil, which is a crucial part of the Canadian export structure. Additionally, uncertain trade environments and the ongoing effects of climate-related disruptions have put some pressure on the CAD. The technical analysis also provides supportive evidence of this bullish trend. The USD/CAD exchange rate has been forming a series of higher highs and higher lows, indicating a strong upward trend. Moreover, key technical indicators such as the Moving Averages and the Relative Strength Index (RSI) continue to reinforce the bullish bias. In conclusion, while it's always essential to monitor the markets closely and consider various potential outcomes, the current analysis indicates that USD/CAD remains in a bullish phase. Traders and investors might see potential opportunities in this currency pair, assuming the fundamentals and technical indicators remain supportive. As always, cautious risk management strategies should be employed in any trading situation.
Long
by mazayafx
USDCAD Daily Long Term Buying IdeaHello Traders In This Chart USDCAD DAILY Forex Forecast By FOREX PLANET today USDJPYD 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
Long
by ForexPlanet20
USD/CAD Prediction on 29.062023Today, the economic calendar seems to favor a bullish outlook for the US dollar. Several key indicators and economic events scheduled for release today could potentially have a positive impact on the dollar's value. Firstly, the Federal Reserve's interest rate decision is due, a highly anticipated event. If the Fed raises interest rates, it is typically a bullish signal for the dollar, as higher interest rates attract foreign investors seeking a better return on their investments, increasing the demand for the currency. Secondly, the US GDP data for the second quarter is set to be published. This data provides a broad view of the health of the US economy. If the GDP growth rate exceeds expectations, this could signal that the US economy is recovering faster than anticipated, which would boost confidence in the dollar. Next, the jobless claims data is set for release. This data reflects the number of individuals who have filed for unemployment benefits for the first time during the past week. Lower jobless claims indicate a healthier labor market and generally strengthen the dollar. Finally, the Consumer Confidence Index (CCI) will be announced. This index gauges the level of consumer confidence in the economic activity. A higher reading typically suggests that consumers are optimistic about the economy, which can increase spending and thus stimulate economic growth. In conclusion, the data releases scheduled for today could potentially strengthen the dollar if they come in above expectations. Investors are advised to monitor these events closely, as their actual results could significantly impact the dollar's trajectory. However, it's worth noting that the market's reaction to these events could be influenced by a variety of other factors, such as global economic trends, geopolitical events, and changes in risk sentiment among investors.
Long
by mazayafx
USDCAD - Short active ✅Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. I expect bearish price action from here as we can see that price rejected from half of imbalance + 1H breaker block. Fundamental analysis: Tomorrow we have news on CAD, will be released monthly GDP, which is forecasted to increase, this means strength in currency. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
USDCAD 30 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
Long
by Tradelikemee
4
USD/CAD Prediction on 28.06.2023The USD/CAD pair has recently been experiencing an upward trend, a shift that market analysts and traders are closely monitoring. This forex pair's current rise, which represents the value of the US dollar (USD) against the Canadian dollar (CAD), is being influenced by a myriad of factors. From a macroeconomic standpoint, it's important to consider the interplay between the economies of the two countries involved. The United States and Canada, as two of the world's major economies, have intricate economic ties, which often directly influence the USD/CAD exchange rate. One key factor could be the relative strength of the US economy. Recent data shows an uptick in several leading indicators such as GDP growth, unemployment rate, and inflation. This has led to expectations of a potential interest rate hike by the Federal Reserve, a move that often bolsters the USD's value. On the other side of the pair, the CAD's performance is heavily influenced by the price of commodities, notably oil. If oil prices are experiencing a downturn or are relatively stable while the US economy strengthens, it could explain the uptick in the USD/CAD rate. Moreover, geopolitical tensions and changes in global risk sentiment can also affect the pair. When there's global economic uncertainty, investors tend to flock towards "safe-haven" currencies such as the USD, driving up its value against pairs like the CAD. Lastly, market speculation plays a role too. If traders believe that these trends will continue, they may buy into the USD/CAD pair, thereby driving the price up even further. It's essential for traders and investors to stay updated with both US and Canadian economic data, geopolitical events, and other relevant news that could impact the pair's future movements. A thorough analysis of these elements would provide a better understanding of whether this upward trend in the USD/CAD rate is a temporary phenomenon or the beginning of a longer-term shift.
Long
by mazayafx
USDCAD Analysis. Get ready!!Hello everyone! I want share my idea about USDCAD pair which is at really good LVL to see that will happen. Last of the week we saw some divergences on DXY and also we see divergence on this pair too. Trend is pretty bearish and its going so strong down. after touch daily support it broke 4H resistance at 1.318 and closed market when it was retesting that. My price prediction is long to trendline, because we have strong divergence and reversal movement on dollar index too (I will link in this post my DXY price prediction) if dollar index will continue bullish trend I think on that pair will see bullish trend. For that I have 2 scene of price movement which is completely possible to happen. Bullish scene- go up 1.31 LVL strong brake down trendline, then big resistance at 1.327, retest that and on the retest I will open my long position. Bearish scene- it will continue downside movement, will brake 1.318-1315 support and fall on weekly support which is at 1.298. With my strategy I need to to find swing high and open my position, but here is more important what market tell us. Be Patient!!!!!
Long
by elmakacho
USDCAD Long Term Buying IdeaHello Traders In This Chart USDCAD DAILY Forex Forecast By FOREX PLANET today USDJPYD 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
Long
by forexplanet797
USD/CAD Prediction 23.06.2023A robust bullish trend is looming on the horizon for the USD/CAD currency pair. After careful examination of the technical indicators, a clear uptrend is forming, showing signs of strengthening. This implies a potential for an upward shift, indicating the US dollar could gain ground against the Canadian dollar. Several elements are contributing to this prospective bullish trend. On a macroeconomic level, key indicators such as strong US economic data and shifts in interest rate expectations could be driving factors. On a technical analysis level, a break above key resistance levels and the formation of bullish chart patterns may be confirming signals of the trend. Remember, though, financial markets are inherently volatile and unpredictable. Always ensure to undertake a comprehensive analysis, considering all potential factors and risks before making any investment decisions.
Long
by mazayafx
USDCAD analysis (1W time frame)On the chart we can see that the price is in the middle of the range. We expect that the price will come back down and will retest the key support at the bottom of the range. It may take some time, but we believe that it will happen in 2024. It would be our entry for a long position. From another hand, if the price pump and reach the top of the range , it may be a good place to enter short position. In this case the stop loss should be put above the resistance. 2 possible scenarios are shown on the chart Good luck
by vf_investment
3