I Shorted "USD/CAD" Shorting USD/CAD , It broke trendline and retested the trendline. Lets see what happens
CADUSD trade ideas
USDCAD 1HRNext Possibility Move Will Be 1.36800 to 1.37000 Support Then Again Upside Move Will Be 1.38000 to 1.38200 Daily Resistance Label. It can be a Good Zone For Shortopportunity if Price Face The label But Every Think Depend On What kind of market reacts to this label.
DISCLAIMER: Before you invest/trade forex, please do your own research as I won't be held responsible for anything that goes wrong.
{GOOD SELL UPPORTUNITY IN USDCAD 1D ANALYSIS}Look like the usd index is dropping speedly, so we can expect the fall more. Use proper risk management
!Happy Trading
USDCAD DAILY TECHNICAL ANALYSIS Trading Ideas-
Long positions above 1.3194 with targets at 1.3861 & 1.4168
Alternative scenario
If price goes down 1.3194 look for 1.2956 & 1.2820 as targets.
Supports and resistances
1.2956 & 1.2820
1.3861 & 1.4168
rahul kumar sahanithis area is very important for usdcad in daily tf because of if formation is create inverse cup and pattern then strong buy
USDCAD DAILY TECHNICAL ANALYSIS Trading Ideas-
Long positions above 1.2948 with targets at 1.3397 & 1.3555
Alternative scenario
If price goes down 1.2948 look for 1.2820 & 1.2684 as targets.
Supports and resistances
1.2820 & 1.2684
1.3397 & 1.3555
#usdcad: long positionAfter breakout of resistance levels, we expect the pullback to breakouts levels and continue the up trend.
USDCAD DAILY TECHNICAL ANALYSIS Trading Ideas-
Long positions above 1.2810 with targets at 1.3234 & 1.3396
Alternative scenario
If price goes down 1.2810 look for 1.2685 & 1.2521 as targets.
Supports and resistances
1.2685 & 1.2521
1.3234 & 1.3396
usdcad buy setup found with elliott wave usdcad buy setup found with elliott wave
usdcad buy setup found with elliott wave
USDCAD DAILY TECHNICAL ANALYSIS Trading Ideas-
Long positions above 1.2810 with targets at 1.3234 & 1.3396
Alternative scenario
If price goes down 1.2810 look for 1.2685 & 1.2521 as targets.
Supports and resistances
1.2685 & 1.2521
1.3234 & 1.3396
USDCAD bulls struggle ahead of BOC, Canada employment dataUSDCAD again battle with the resistance line of an upward sloping trend channel since late October 2021. Given the rebound in oil prices and RSI pullback, the Loonie pair is likely to witness further declines ahead of the key data/events from Canada. That said, a three-week-old support line and the 100-DMA, respectively around 1.3000 and 1.2860, appear strong challenges for the short-term bears. Also acting as important support is the previous monthly low near 1.2730-25. It should be noted, however, that the quote’s weakness past 1.2725 remains elusive unless the sellers defy the bullish channel, via a downside break of the 1.2600 support.
Meanwhile, a successful upside break of the stated channel’s resistance line, at 1.3180 by the press time, will defy the bullish chart pattern. Following that, the yearly top marked in August, close to 1.3225, will precede the 61.8% Fibonacci Expansion (FE) of October 2021 to August 2022 moves near 1.3300 should challenge the bears. In a case where the USDCAD bulls dominate beyond 1.3300, highs marked during October and September of the last year, around 1.3390 and 1.3420 in that order, will be in focus.
Overall, USDCAD bulls are running out of steam ahead of the all-important Bank of Canada (BOC) rate hike and the monthly employment data from Canada.
USDCAD 15 MINUTES TIMEFRAME ODRhello traders , here is the full multi time frame analysis for this pair, entry based on supply and demand , comment section below if you have any questions, This is not a financial advice
USDCADOnly for educational purposes. I am not responsible for your losses, Before taking your trade please analysis and take your own decisions
USDCAD IN ASCENDING PARALLEL CHANNELUSD-CAD is in a parallel ascending channel since 19th July. It's very much respecting the support and resistance lines. Once again it's touching the resistance line. I'll wait for it to test the price around the resistance level and then probably get into the position once the RSI and Stochastic for 1h and 2h are oversold or go up.
Stop Loss: 1.32337 (I've kept it a bit above last high in the channel.)
Take Profit 1 : 1.30279
Take Profit 2 : 1.29465
USDCAD ANALYSIS Market now in downtrend , wait for the trend line support level breakout after entering the sell position and resistance level breakout after entering the buy position
usd cad shortyesterday fomc meating impect on usd here we are looking for sale usdcad stop loll above resistence that is 1.29370 taget profit will be 1.28700 or lower once trade reach target
USDCAD DAILY TECHNICAL ANALYSIS Trading Ideas-
Short positions below 1.3084 with targets at 1.2685 & 1.2521
Alternative scenario
If price sustain above 1.3084 look for 1.3234 & 1.3396 as targets.
Supports and resistances
1.2685 & 1.2521
1.3234 & 1.3396
USDCAD ANALYSIS Market now forming an bullish pennant pattern structure formed, wait for the trend line support or resistance level breakout after entering the trade
USDCAD bears aim for 100-DMA inside 10-month-old rising channelUSDCAD extends the week-start pullback from a three-week high inside an upward sloping trend channel established since late October 2021. Given the downbeat RSI and the bearish MACD signals, the Loonie pair is likely to remain pressured inside the bullish chart formation. However, the 100-DMA support near 1.2785 could challenge the bears. Also acting as a downside filter are the 50% and 61.8% Fibonacci retracements of October 2021 to July 2022 upside, respectively near 1.2755 and 1.2640. In a case where the pair drops below 1.2640 support, the bears could well challenge the bullish pattern while poking the 1.2570 key support.
Alternatively, recovery moves could aim for the latest swing high near 1.2985 and the 1.3000 psychological magnet. Following that, multiple tops marked near 1.3075-80 could challenge the USDCAD bulls. However, the aforementioned channel’s resistance line, close to 1.3150 will be a tough nut to crack for the buyers afterward. Even if the pair rises past 1.3150, the latest swing high surrounding 1.3230 will be in focus.
Overall, USDCAD remains on the bull’s radar but intermediate pullbacks can’t be ruled out.
