USDCAD LEVEL 3 DROP if we break previous low if might get 1.2609 from the level 3 drop Shortby Aditya_Mishra10
USDCAD: BEARISH CONTINUATIONUSDCAD : An impulsive fall from the level of 1.2950 & an expanded flat formation in abc pattern peaked at 1.2896 suggests that USDCAD is ready to continue its long term bearish trend . One should go short with SL of 1.2896 for the tgt of 1.2400 / 1.2250 and 1.2000Shortby TradingSutra9
USDCAD bulls need validation from 1.2810 on Canada Election DayAlike other major currency pairs, USDCAD respects the broad US dollar strength while rising to the fresh high of the month. Adding to the upside pressure is the Federal Elections in Canada, even if the results are less likely to offer any entertainment. That said, the quote heads towards a two-month-old resistance around 1.2810 with the bullish MACD contrasting with nearly overbought RSI to challenge the bulls afterward. Also acting as an upside hurdle is the late August highs near 1.2830-35, a break of which could direct bulls to the yearly peak surrounding 1.2950. Meanwhile, pullback moves may aim for 23.6% and 38.2% Fibonacci retracement levels, respectively near 1.2730 and 1.2600. However, any further downside will be challenged by the 100-day EMA level of 1.2533. While USDCAD buyers are likely to return from 1.2530, any failures to do so won’t hesitate in challenging the monthly low close to 1.2495. Overall, USDCAD remains bullish but a profit-booking move can’t be ruled out. Longby MTradingGlobal1
USDCAD: BEARISH CONTINUATIONUSDCAD : An impulsive fall from the level of 1.2950 & an expanded flat formation in abc pattern peaked at 1.2760 suggests that USDCAD is ready to continue its long term bearish trend . One should go short with SL of 1.27650 for the tgt of 1.2400 / 1.2250 and 1.2000Shortby TradingSutra338
USDCAD keeps rebound from 100-day EMA ahead of BOCUS dollar bulls dominate markets following the return of the American and Canadian traders on Tuesday, portraying the heaviest daily gains of the greenback in three weeks. The same portrayed the USDCAD bounce off 100-day EMA, keeping the recovery moves ahead of the key Bank of Canada (BOC) monetary policy meeting. Given the firmer RSI and fundamental scopes for the USD’s further upside, the pair buyers seem to aim for the late August tops surrounding 1.2710 by the press time. Following that, July’s high of 1.2806 and the yearly peak surrounding 1.2950 should lure the bulls. On the contrary, a daily closing below 100-day EMA surrounding the 1.2500 threshold needs validation from 50% Fibonacci retracement of June-August upside and late July’s bottom, respectively near 1.2475 and 1.2420, to please the USDCAD bears. If the pair sellers keep reins below 1.2420, the quote becomes vulnerable to drop towards the June 23 trough close to 1.2250. Overall, the Bank of Canada (BOC) is likely to repeat its hawkish bias and provide hints of tapering. However, any disappointment will be received with firmer USD to entertain the bulls.Longby MTradingGlobal1
usdcad best risk to reward ratio looking grate and risk to reward ratio is also best Longby theaimtraderUpdated 110
Great setup for sell in usd/cadPrice breaks the trend line & now retest it at 1.25900 and go down to 1.24250 at least so now it very good setup for this week .Shortby Raghavsharma60
USDCAD is making new trendGoodluck guys this is going to be best opportunity to enter in the currency marketLongby Vishwbhatt0
USD CADIn daily timeframe, UC still in downtrend. but in 4H chart, UC was in uptrend, but now it retracing back. Hope price will touch on daily support zone. Use proper risk management. Thank youLongby joelkurien1
USDCAD breaks 1.2590 key support ahead of Canada Q2 GDPUSDCAD smashes a convergence of 200-SMA and an ascending support line from July as the pair traders await Canada’s Q2 GDP details, up for publishing around 12:30 GMT. Given the RSI conditions having a meager room to the south before hitting the oversold signals, the latest fall may pause around the 1.2500 round figure, if not then a horizontal line stretched from July 30, near 1.2490, will challenge the pari sellers. If Canadian GDP favors the CAD bulls, or USD lures more bears, the last month’s low near 1.2420 and the 1.2400 round figure will be in focus. Alernatively, a corrective pullback needs to sustained beyond 1.2590 to convince short-term buyers. Even so, 61.8% Fibonacci retracement of July–August upside, near 1.2620, followed by a downward sloping trend line from August 20, around 1.2635 challenge the USDCAD bulls. Should the pair buyers manage to cross 1.2635, Friday’s swing high near 1.2710 may check the upside momentum targeting the 1.2800 round figures and the monthly top surrounding 1.2950.Shortby MTradingGlobal1
USDCAD BUYUSDCAD BUY Strong Support due to upside Trendline USDCAD BUY @ 1.2600 SL 1.2550 TP 1.2800 Use proper Money Management Move SL to BE when trade running 30+ pipsLongby Robin_fx0
USDCADUSDCAD is forming a double top on the monthly timeframe. Currently in an uptrend on the daily timeframe. It may respect the uptrend channel. You can place a stop order for a swing trade at 2:1 RR. On the Gann, it is on the verge of breaking the 1/1 line to continue further in uptrend.05:05by theTAguy0
USD/CAD long setupWait for bullish Movement or bullish candlestick pattern Breakout zone RSI above 50 Macd above 0 lineLongby SM_trader1430
Home work from lesson 2 course 101 (D1)Up pivots being formed on the daily chart. Analysis of the trend in the daily chart. Continuation of the first analysis.Longby Forex-LucasUpdated 1
Home work from lesson 2 course 101Hello everybody. This is my homework for a lesson in the Trading View 101 course on 8/25/2021. It is a technical analysis about long term and short term in the monthly/daily, and their relationship to each other. All analysis is described in monthly and daily graph, trying to understand the context of monthly to daily and see their relationships. This is an analysis of monthly (long and short) and daily (long and short) trends. **Look the analysis on the monthly chart and the daily chart.** **Monthly Chart **Longby Forex-Lucas1
USDCAD rebounds from 20-DMA amid risk-off marketsRisk appetite sours during early Wednesday, underpinning the US dollar’s safe-haven demand ahead of the key US Durable Goods Orders. The greenback rebound triggers the USDCAD pair’s U-turn from 20-DMA. Given the firmer RSI and sustained trading beyond 200-DMA, not to forget the latest bounce off the immediate moving average, the Loonie pair is up for further advances towards July’s top surrounding 0.2810. However, 1.2670 and 1.2750 may challenge the bulls on the way to 1.2810. In a case where the pair buyers remain dominant past 1.2810, the monthly top near 1.2950 and the 1.3000 psychological magnet will be in focus. Meanwhile, a daily closing below 20-DMA level of 1.2575 will have a bumpy road as 200-DMA and an ascending support line from June 23, respectively around 1.2550 and 1.2530, will challenge the USDCAD sellers afterward. If at all the pair bears conquer the 1.2530 trend line support level, June’s high of 1.2485 and July’s low near 1.2420 will be in focus. It should be noted that the cautious sentiment ahead of this week’s Jackson Hole Symposium and virus-led pessimism favor USDCAD bulls.Longby MTradingGlobal0
USD/CAD at her demand zoneIt takes an support from demand zone as well as on her old trendline.Longby harshalparmar0
Big Retrace!Message me to learn 1 to 1! USDCAD 15M TF USDCAD has had a huge sharp retracement and it may be time for it to reverse as it is showing signs of slowing down! It is at great support and can give a nice up move from here! We can see a great divergence as well! If an upper break is seen entry can be taken with partial after re-test! Keep SL of low of the triangle with TGT of previous High! RR-3.5 Possible pips-0.003 Longby anshrathod771
Strong Bearish USDCADBears are trying their best to pull market back to the correction, as we had seen a great jump in the asset in past few days; Now it's the time to bring back the market for correction. 1.2100 is the expected target but the traders can do the partial booking before also and use a trailing stoploss if possible or trail it manually.Shortby VishvendraSikarwar0