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Usdcadsetup

USD/CAD 1H Supply Zone Reversal Setup – Bearish Trade Plan🔵 Supply Zone (Resistance) 📍 1.39457 – 1.40000 Price is expected to face selling pressure here. This is a potential reversal area. 🔽 Entry Point: 1.39457 👀 Waiting for price to enter the supply zone before a possible drop. ❌ Stop Loss: 1.40000 🔺 Just above the supply zone – if price breaks this level, the bearish setup is invalid. 🎯 Target: 1.37500 ✅ This is the expected take-profit level if price reverses from the supply zone. Plan Summary 📈 Wait for price to enter the blue supply zone 🛑 Place stop loss at 1.40000 ✅ Target at 1.37500 🔄 Risk-to-reward ratio is favorable (~1:2.5) Chart Structure 🔻 Trend: Bearish 📉 Price is below the 7 EMA (1.39227), confirming downward momentum.
Short
by Jameshead007
4
USDCAD EA MAN UPDATE >READ THE CHAPTIANKey Observations: Support Zone & Trendline: The price is currently pulling back to a support zone, aligning with the ascending trendline, which may provide a bullish reaction. EMA Confluence: The price is positioned above the 30 EMA (1.43193, red) and approaching the 200 EMA (1.43167, blue), indicating strengthening bullish momentum. Target Point: If the price holds at the support and resumes its uptrend, the next target is around 1.43803 - 1.43689. A break and close above the recent high could confirm further bullish movement towards the target zone. However, if the support fails, a deeper retracement may occu
Long
by EA_GOLD_MAN_COPY_TRADE
USDCAD - EXPECTING BREAKDOWN OF CONSOLIDATIONSymbol - USDCAD The USDCAD pair is currently consolidating within the range of 1.4485 to 1.4280 The US dollar has been experiencing negative momentum recently. However, with the Non-Farm Payroll (NFP) report upcoming, the data could either reinforce the ongoing correction or provide support to the US dollar index. Market attention is focused on today's economic announcements. If the actual NFP results fall below the forecasted 169K, expectations for a Federal Reserve rate cut are likely to strengthen. Today, The Federal Reserve's monetary policy report will be released, potentially offering further insights into the regulator's future actions. Should the NFP data be weaker than anticipated, the US dollar may depreciate, leading to a potential decline in USDCAD. Conversely, if the data exceeds expectations, the US dollar is expected to strengthen, driving USDCAD higher. In the event that the Federal Reserve signals a potential rate cut, the US dollar could weaken, thereby supporting the Canadian dollar. Resistance levels: 1.4345, 1.4370 Support level: 1.4280 Given the uncertainty surrounding the upcoming data, it is challenging to predict the precise market outcome. From a technical perspective, the currency pair appears weak due to the falling value of the US dollar. A break below the 1.4280 support level could signal further downside potential.
Short
by akshit_official
1
USDCADDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible As i said in the last weeks...UC climbed again to the 1.24700 area, as I said last week, see where it had a very strong rejection, forming a range in this area! in the next period I will wait for a close for at least 1 day ... or over 1.24900 from where I will look for BUY until my final target 1.29 ... USDCAD rejected and closed above 1.24700 as I said in the last weeks and even if it rejects from the 1.26300 area and will force and the 1.24700 area I will continue to stay in BUY until the 1.29 area ... my final target! THIS WEEK...as I said in the last few months , USDCAD has reached my final target from where it rejected again in zone 1.24 as I said from here ... even if maybe it will test this area again ... I am waiting for it again reaches area 1.29 and from here ... 1.34 NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS
USDCADDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible As i said in the last weeks...UC climbed again to the 1.24700 area, as I said last week, see where it had a very strong rejection, forming a range in this area! in the next period I will wait for a close for at least 1 day ... or over 1.24900 from where I will look for BUY until my final target 1.29 THIS WEEK... USDCAD rejected and closed above 1.24700 as I said in the last weeks and even if it rejects from the 1.26300 area and will force and the 1.24700 area I will continue to stay in BUY until the 1.29 area ... my final target! NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS