Get started

Canadian Dollar / U.S. Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

CADUSD trade ideas

There is a buy opportunity in USDCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.3987). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDCAD is in a down trend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 66. Take Profits: TP1= @ 1.4245 TP2= @ 1.4348 TP3= @ 1.4667 SL= Break below S2
Long
by ForecastCity_EU
6
Don't miss the great sell opportunity in USDCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.4185). 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 downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 48. Take Profits: TP1= @ 1.4013 TP2= @ 1.3920 TP3= @ 1.3464 SL: Break Above R2
Short
by ForecastCity_EU
4
USDCAD Elliot impulse wave formationUSDCAD The oil dependant canada is nowdays struggling to recover as the oil prices are are at low level and currently trading at 20 dollar per barrel Which inturns its affects the CAD negatively Currently in USDCAD Elliot wave if forming, Wave 01 is completed and wave 02 is forming We can expect to close this wave at resistance level 1.42100 which is also a 61.8% Fibonacci From this level we can open short positions and the primary target would be 1.37270 which is a 1.272% Fibonacci And the final target would be 1.33280 which we are expecting the point where the wave 05 going to close Stop lose may placed above the 1.43050 level which is a 50% Fibonacci Leave your comments below
Short
by forexorbit