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Usdcadsetup

USDCAD D1 #OutLook 21 to 25 September #OutLook 21 to 25 September Dear Traders Today We Have an Analysis Of USDCAD D1. This Analysis Based On Price Action Theory. According to The Analysis, We Can See That After The Long Sell Moment Market Running In a Buy Trend With a sign of Ascending triangle 🔼 Due to This Moment We have tow new Targets( Resistance Level) 1st @1.33845 & 2nd @1.3578 If the Market Not refuses The Price @1.33845 Accordingly 2nd target will be Done. I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade. Thanks Regard Enclavefx technical group
by Enclave_fx
USDCAD is fighting with 1.32000 levelUSDCAD The price is trading below the 1.32000 which is currently acting as a resistance for the bullish run. In one hour the price is also trading above the 50,100,200 exponential moving average is a clear sign of continuation of bull. On volume profile the price is also above POC – Point of control. On Elliott wave pattern currently third wave is forming. From sep low 1.2993& the uptrend trend line is holding this pair. At 1.31600 bullish engulfing candle is formed. We can buy this pair at current level and the potential take profit will be 1.32700. SL may place below the trendline. Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas Disclaimer It’s not a financial advice. Do the analyze and take a decision.
Long
by forexorbit
2
USDCAD inverted head and shoulders pattern has formed in H1USDCAD After reaching the 1.30000 Mark this pair has rejected the downtrend and gone bullish up to 1.31600 At this level the inverted head and shoulders are formed which is a clear sign of bullish correction The price has broken the right side shoulders and stalled at 1.31600 which acted as a resistance for the bull. 1.31500 is a confluence zone which is also a price action level. And trend reversal area. In Elliott wave analysis the second wave is completed and the third wave is in formation stage. And the 100,200 exponential moving average is also acting as a major resistance for the bull. Currently the price is trading below the 1.31000 level. Buying order may place at this level and the potential take profit will be 1.32600. Stop lose may place below the 1.30000 level. In this week we are expecting the bank of Canada will hold the rate and will take a dovish stance which will weaken the loonie. And in previous week the oil was felled very much this will also Influence the price action of Canadian dollar Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas Disclaimer It’s not a financial advice. Do the analyze and take a decision.
Long
by forexorbit
5
USDCAD - Full Analysis BreakdownWelcome traders to a free analysis breakdown. Today I am highlighting possible trades on USDCAD, if you any questions on the pair let me know in the comment section below. Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this chart helpful . If you did like this free educational chart please like and follow the channel, there is lots more valuable content right around the corner. Feel free to comment a pair or subject you would like me to cover next. I would suggest keeping this pair in your watchlist to see if your own rules are met. If you take a trade from the analysis in the video leave a comment in the section below. I would love to hear how your trade went. On behalf of Alpha Trading Group, Trade safe and I'll see you all in the next video.
Short
by AlphaTrading-Group
2
USDCAD | MY PERSPECTIVE FOR THE WEEKAs price moved over 150pips in our direction since my last publication (see link below for reference purposes); the Canadian dollar continues to benefit from the modest sort-rate spread between US and Canadian bonds. Friday's market watch posted a considerable gain for the CAD as it closed the day with an engulfing Bearish candle... this view at the market pre-empt me to consider a Bearish bias on this pair as I continue to look out for selling opportunity off sensitive resistance level on lower timeframes. Tendency: Downtrend ( Bearish ) Structure: Trendline | Support & Resistance | Breakdown Observation: i. Price action continues to fall within the confines of my Bearish Trendline represented on the chart. ii. Breakdown of my Key level @ 1.31500 during the week (Thursday - 27th August) followed by a possible retest of this level is more than enough for me to initiate a SELL on this one! iii. My 1.31500 level shall be a yardstick to hold my SELL bias in the coming week. iv. Having explained this, it's pertinent that I state here that a Breakout/Retest of this Key level might render this set-up invalid as a Rally could be in the air. Trading plan: SELL confirmation with a minimum potential profit of 120 pips. Risk/Reward: 1:3 Potential Duration: 4 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
GoldCartel - Loonie follow up analysisI reckon it will require consolidation inside the supply and demand zone while waiting for the next catalyst—a pretty good range for day trading. Currently my analysis and final targets remain the same as long as it stays below the down-trend channel. Here's the previous analysis: Catalyst: - CAD Manufacturing PMI - US ADP - US EIA - CAD Trade balance - US Unemployment claims - US ISM Manufacturing PMI - CAD Job data - US Average Hourly Earnings - NFP - US Jobless rate
Short
by GoldCartel
7
USDCAD - BEARISH BIASUSD - BEARISH 1️⃣ A shift in Fed's monetary policy framework announced on Thursday also weighed on investors mood. The Fed will allow a more flexible inflation target, meaning rates can stay low for a longer period despite rising inflation. 2️⃣ Conference Board consumer confidence came below market expectations. CAD - BULLISH 1️⃣ The Canadian dollar appreciated further as oil prices have been hovering around five-month highs after US oil producers shut most of their offshore output in the Gulf of Mexico as hurricane Laura made landfall in the region. 2️⃣ Powell’s dovish comments, the upbeat market mood continued weighing on the greenback. ===== TECHNICAL ===== - We are looking to short USDCAD on SBR level on H1 chart. - USDCAD in bearish zone. ===== RISK TO THIS TRADE ===== - Decline in oil prices will take this trade to hit stop loss.
Short
by MonsunAsia
USDCAD - BULLS OR BEARS?*ENG* - Price hitting our supportive zone and showing some correction signs. - Right now price action is showing a possible bearish move. - If price breaks our resistance trendline, wait for the retest and then look for long entries. *PT* - Preço a atingir a nossa zona de suporte e a demonstrar alguns sinais corretivos. - De momento o price action está a demonstrar uma possível quebra para baixo. - Em caso de quebra da trendline de resistência, aguardar pelo retest da mesma e procurar por entradas para long.
by Wevesting