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Usdcadlong

Set to Overcome Resistance, Aiming for New Highs?Hey Realistic Traders, let's dive into the technical analysis of SAXO:USDCAD USDCAD has moved above the EMA200 line again, signaling a bullish trend. Recently, on the daily timeframe, it broke the upper trendline of a falling wedge pattern and experienced a MACD bullish crossover, where the MACD line crosses above the signal line, suggesting increasing upward momentum. This combination of technical factors typically signals a potential upside movement to the first target of 1.39423. After reaching this first target, a pullback may occur before continuing its ascent to the second target of 1.40352. Additional Information: The prospect of a stronger USDOLLAR also contributes to the recent rally of USDCAD. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on USDCAD." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
Long
by financialfreedomgoals101
USDCAD Robbery plan On Bullish Side to Make MoneyMy Dear Robbers / Traders, This is our master plan to Heist USDCAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Stop Loss : Recent Swing Low using 1h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Long
by Thief_Trader
USDCAD to make a reversal on daily support?USDCAD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 1.3600. Price action looks to be forming a bottom. We expect a reversal in this move. Momentum is flat, highlighting the lack of clear direction. Risk/Reward would be poor to call a buy from current levels. A move through 1.3625 will confirm the bullish momentum. We look to Buy at 1.3600 (stop at 1.3572) Our profit targets will be 1.3670 and 1.3685 Resistance: 1.3625 / 1.3640 / 1.3650 Support: 1.3610 / 1.3600 / 1.3585 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
USDCAD Trading Plan - 09/Jul/2024Hello Traders, Hope you all are doing good!! I expect USDCAD to react from the highlighted zone. Currently USDCAD is correcting for another leg up, however, I am still seeing one more down after this leg up to complete bigger structure. Plan to Trade: If market gives bullish reaction at zone, I am a Buyer till 1.367 area. Look for your BUY entry setups as per the above expectations. Your follow and like will be a token of appreciation. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
USDCAD BUY TREND 04/07/2024It's been a while... Based on a detailed analysis of the 1M chart, we anticipate that the USDCAD pair will experience an upward movement. Although this analysis is derived from the 1M chart, the idea is published on the 15M chart for clarity and presentation purposes. Key Points: Trend Direction: Upward movement expected Risk Management: Exercise caution as the pair may experience temporary declines, presenting additional buying opportunities Timeframe: Expect changes within the next week Take Profit (TP): A TP line has been established. Regular updates will be provided to indicate optimal points for closing all trades Alerts: Set alerts to receive timely notifications on when to close trades, ensuring you maximize your gains and manage risk effectively We will continuously update this idea with crucial information on when to close positions. Make sure to stay tuned and adjust your strategy accordingly. Wishing everyone a happy and prosperous 4th of July!
Long
by TradeWithConfidence
5
USDCAD Trade Ideas 8HThe price is currently trading above the 50-period moving average, suggesting short-term bullish momentum. The recent crossover of the 50-period moving average above the 200-period moving average (often referred to as a golden cross) could indicate a potential shift to a more sustained bullish trend. Potential Scenarios: Bullish Scenario: If the price continues to move upward, the first target will be the lower bearish rejection block (1.3760 - 1.3780). A successful break above this level could see the price testing the higher bearish rejection block (1.3800 - 1.3840). Continued bullish momentum past these rejection blocks could indicate a strong trend reversal. Bearish Scenario: If the price fails to break through the first bearish rejection block, we could see a pullback towards the major support zone (1.3560 - 1.3620). A breakdown below this support zone would indicate a potential continuation of the broader downtrend. Conclusion: The bearish rejection blocks highlight significant resistance areas where the price may face selling pressure. The major support zone is a crucial level that has held firm in recent attempts. Monitoring price action around these levels will be key to understanding the next major move in the USD/CAD pair. Fundamental Analysis: 1. Economic Indicators United States: Interest Rates: The Federal Reserve's stance on interest rates can heavily influence the USD. Any hints of rate hikes or cuts can impact USD strength. Economic Data: Key indicators such as GDP growth, employment reports, and inflation figures (CPI and PPI) provide insight into the health of the US economy. Strong data typically supports the USD. Canada: Interest Rates: The Bank of Canada’s (BoC) monetary policy decisions affect the CAD. Like the Fed, any change in the interest rate can drive the CAD’s value. Oil Prices: Canada is a major oil exporter, so fluctuations in crude oil prices directly impact the CAD. Higher oil prices generally strengthen the CAD, while lower prices weaken it. 2. Trade Relations: USMCA Agreement: Trade relations under the US-Mexico-Canada Agreement can influence the USD/CAD pair. Smooth trade relations support economic stability, benefiting both currencies. 3. Global Economic Conditions: Risk Sentiment: Global risk sentiment affects USD/CAD. In times of economic uncertainty, the USD tends to strengthen due to its safe-haven status, while the CAD may weaken. Global Growth: General trends in global economic growth can influence demand for commodities, impacting the CAD. 4. Political Factors: US Political Climate: Political stability or instability in the US, including fiscal policies, government spending, and trade policies, can impact the USD. Canadian Politics: Political events in Canada, such as elections or policy changes, can influence investor confidence and the CAD. 5. Inflation Rates: US Inflation: Higher inflation may prompt the Fed to raise interest rates, supporting the USD. Canadian Inflation: Similar to the US, higher inflation in Canada may lead the BoC to hike rates, strengthening the CAD. 6. Employment Data: US Non-Farm Payrolls: A key indicator of economic health in the US. Strong employment data typically boosts the USD. Canadian Employment Reports: Employment changes in Canada provide insight into economic strength and can impact the CAD. What do you think? Let me know in the comments
Long
by The_Golden_Path
USDCADKey Levels 1. OB (Order Block) Zone: -Lower Bound: Approximately 1.35980 -Upper Bound: Approximately 1.36500 2. BOB (Breakout Block) Zone: -Lower Bound: Approximately 1.38000 -Upper Bound: Approximately 1.38100 Current Price: -The current price is around 1.36684. Observations: 1. Order Block (OB) Zone: -This zone represents a strong demand area where buyers previously showed significant interest. -The price is currently close to this OB zone, indicating potential support. 2. Breakout Block (BOB) Zone: -This zone represents a strong resistance area where sellers have previously shown significant interest. -If the price reaches this zone, it may face selling pressure. 3. Potential Price Action: -The chart shows a potential bullish move from the OB zone towards the BOB zone. -If the price holds above the OB zone, it may indicate strong buying interest, leading to a potential rally towards the BOB zone. -The curved arrow suggests a possible bullish trajectory from the current level, passing through the OB zone, and heading towards the BOB zone around 1.38100. Conclusion: • Bullish Scenario: -If the price holds above the OB zone (1.35980 - 1.36500), we can expect a bullish move towards the BOB zone (1.38000 - 1.38100). -The price may face resistance around 1.38000 - 1.38100, where sellers might step in. • Bearish Scenario: -If the price falls below the OB zone (1.35980), it could indicate a bearish continuation, and further downside can be expected. Trading Strategy: • Entry Point: Consider entering a long position near the OB zone (1.35980 - 1.36500) if there are signs of bullish reversal. • Target: Aim for the BOB zone (1.38000 - 1.38100) as the target. • Stop Loss: Place a stop loss below the OB zone (around 1.35980) to manage risk.
Long
by Tdawly_Official
Bullish USD/CAD will reach 1.38(7/02/2024)It seems the Bulls are handling USD/CAD. USD yield is hitting currencies with lower yields. Of course, CAD has nothing to present much versus USD. Also, the price makes higher highs and higher lows, moving in a 5-wave impulse. Our technical view has been shown in the chart. If you like it then Support us by liking, 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.)
Long
by fortunamarkets