CADUSD trade ideas
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 **
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.
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
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.
USDCAD at supportUSDCAD is in good uptrend and it has came for small pullback. Previous swing on 4H timeframe may act as a support for the price before starting another push phase. So watch out for this level.
Comment down your thoughts.
USDCAD SELL SETUP FOUNDusdcad sell setup found
usd cad live forex signals | #usdcad |liveforexsignals
market has clearly broken trendline on m15 timeframe,
we just needto retrace the market on trendline than we have good opportunity for sell in usd cad,
i think it could be a best forex signals setup for usdcad
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...USDCAD has reached my FINAL target that I set for myself since May! these weeks, however, predict a strong rejection before trying to force 1.34!
However ... a close even for 1 day over 1.29500 will make me think of BUY up to 1.34
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
USD/CAD bearish trend startedYou can easily see in my analysis that bearish pressure started. It creates and Descending triangle and gives an breakout. Respecting trendline too.
USD CADfrom the last week, waiting for a short.
but there are two possibilities. but me, I am waiting for a short on UC. waiting for a BE or BO
use proper risk management.
USDCAD bears need to break 1.2455-50 for convictionUSDCAD struggles to extend the previous day’s rebound during early Friday. Inability to rise joins downbeat MACD and sluggish RSI to keep sellers hopeful. However, a convergence of 50-day and 100-EMA surrounding 1.2455-50 becomes a tough nut crack for the pair sellers. On an immediate basis, a daily closing below the 1.2500 threshold becomes necessary to confirm the pair’s short-term weakness. It’s worth noting that July 30 low near 1.2420 acts as an extra filter before directing the bears towards the previous month’s bottom surrounding 1.2300.
On the flip side, USDCAD bulls remain directed towards a short-term falling trend line from July 23, near 1.2585, during further recovery. Also acting as the short-term hurdles are multiple tops marked since late July between 1.2590 and 1.2610. Should the pair buyers remain dominant above 1.2610, July’s top of 1.2807 and the yearly peak surrounding 1.2880 will be the key to follow.
💡Don't miss the great SELL opportunity in USDCADPlease show your support back,
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USD/ CAD SELL OPPORTUNITYUSDCAD may go to retest the zone, if this happens then we will wait for a good bearish candle and enter its closing
5Th Wave?Message me to learn 1 to 1!
USDCAD 15M TF
USDCAD has been going in a strong up trend and a reversal should also be seen soon!
It is now in its final wave and a nice move can be captured now!
we can see a great RSI double bottom once again!
Entry can be taken at reversal,
With keeping a safe SL at the previous low with the tgt at the top supply!
RR-3.5
Possible pips-0.00937
USD CADwaiting for a short on UC. wait for BE, even though it retest on downtrend line.
use proper risk management. Thank you
USD CADThere is two possibilities in UC. waiting for a BO or BE. There is a strong resistance and support zones.
Use proper risk management. Thank you
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.
💡Don't miss the great buy opportunity in USDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2515).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCAD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 65.
Take Profits:
TP1= @ 1.2602
TP2= @ 1.2646
TP3= @ 1.2731
TP4= @ 1.2787
TP5= @ 1.2872
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
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Now, It's your turn !
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