USDCAD Sell trade opportunitiesUSDCAD Sell trade opportunities
USDCAD Breakout support trend line is a very good opportunity to take a short trade here with stop loss above the support area
"Always trade with Stop Loss"
USDCAD.1.CSM trade ideas
USDCAD pullback eyes 1.2700 ahead of the key US dataUSDCAD refreshed a seven-year high on Thursday before reversing from a downward sloping trend line from December 2021. The overbought RSI condition on the daily chart also seemed to have challenged the pair bulls. However, the Loonie pair’s ability to stay well beyond the 200-DMA amid bullish MACD signals hints at the quote’s strength. Hence, a clear break of the aforementioned resistance line, at 1.2860 by the press time, is more likely and could escalate the run-up towards December’s peak of 1.2963, a break of which won’t hesitate to challenge the 1.3000 psychological magnet.
Alternatively, pullback moves may initially aim for the 38.2% Fibonacci retracement (Fibo.) of October-December upside, around 1.2700 at the latest. However, the bears will remain confused until witnessing sustained trading below the 1.2630 level comprising the 200-DMA and 50% Fibo. Following that, the pair’s south-run towards the last
week’s bottom surrounding 1.2460 can’t be ruled out.
Overall, USDCAD bulls have controls but the upside momentum needs validation, which in turn highlights today’s US Core PCE Price Index data for March, the Fed’s preferred gauge of inflation.
USDCAD for another short1. Broke trend which is a confirmation for the short
2. Currently at the 618 entry area
3. Expect rejection on the upside soon or at the 786 for an entry
💡Don't miss the great sell opportunity in USDCADTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.2537).
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 a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 45.
Take Profits:
TP1= @ 1.2459
TP2= @ 1.2430
TP3= @ 1.2400
TP4= @ 1.2357
TP5= @ 1.2289
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
usd cad short predictionusd cad break down the trend line at the daily time frame and its now its come to retest the trend line also its matching the fib 50 so i expect some fall in usd cad
USDCAD going for the short on a daily Timeframe1. A clear break of trend on the daily for the downside
2. The market is completing its retracement with it hitting the 618 on the fibs
3. Also have an engulfing bearish candle in current market
USDCAD struggles to keep recovery around 1.2600USDCAD’s rebound from a weekly low fails to cross the 200-SMA hurdle amid a holiday-thinned trading session on Friday. Not only the 200-SMA level surrounding 1.2630 but a downward sloping trend line from March 08, near 1.2660, also challenge the pair’s upside momentum. It’s worth noting that the quote’s upside past 1.2660 needs validation from the monthly high around 1.2680 and early March month’s low near 1.2695 to convince buyers. Other than the multiple hurdles to the north, steady RSI and sluggish MACD also challenge the Loonie pair’s advances.
On the contrary, pullback moves may aim for the 1.2540 support convergence comprising the 100-SMA and a three-week-old horizontal area. Following that, multiple levels marked since late March will challenge the USDCAD bears around 1.2460. In a case where the prices drop below 1.2460, the monthly bottom near 1.2400 and the 61.8% FE of March-April moves, close to 1.2360, will be on sellers’ radars.
USDCADlets see which way it follows
just be in the game even if it doesnt follow either of them so that we can catch the next big one.
manage risk accordingly....
UDCAD LONG SETUPusd cad is forming a long opertunity in higher and lower time frame, yet still its friday newyork session and either you can wait for monay to enter from discount or cab uy from cmp
USDCAD LONGUSDCAD looking good for buys . Look at the levels in the charts.
NOT a Finanacial advice.
usdcad upcoming days target and support only use educational useNote: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
USD/CAD Short USD/CAD has shown a weakness for weeks and continued the bearish move. The price tried to reverse the trend from the support level of 1.2695 but then faced a big rejection and continued falling before finding support at 1.2612. We see the trend is still going strong and proceeded to break 1.2612 too and did a retest. Once the price continues the move downwards after retest, we'll have our entry.
USDCAD |||A breakout trade in USDCAD Wait for retest....
Levels Marked on chart...
@VishwajeetSharma
BIGGER TIMEFRAME GO LONG ON USDCADAfter an impulse there was correction (a-b-c)
once again its time to go long
huge return potential
even if the invalidation is breached , patient and capable traders can stick to the LONG trade
USDCAD General ViewFormed a Gartley pattern, which signals the bullish move and also divergence is giving the bullish signal.
Now, It is in a MAJOR SUPPORT wait for the conformation and enter long.
TARGET : 0.382(FIBB)
STOP LOSS : BELOW (A)
If it breaks the support then check the ideas for short.
USDCAD ANALYSIS ON H4 CHART.Overall, USD/CAD is ranging across. Recently, USD/CAD broke below the key level of 1.28.
The Canadian employment data released last Friday indicated a strong rebound in the jobs market from the previous month’s loss of jobs.
- Employment Change (Actual: 336.6K, Forecast: 132.0K, Previous: -200.1K)
- Unemployment Rate (Actual: 5.5%, Forecast: 6.2%, Previous: 6.5%)
USD/CAD’s next support zone is at 1.26100 and the next resistance zone is at 1.29200.
Look for short-term selling opportunities of USD/CAD.
USDCAD bullish trade opportunitiesUSDCAD bullish trade opportunities
USDCAD BUY trade opportunities its recently have break Resistance trendlinde On H1 and close above its good opportunity for long with very good risk reward ‘Always trade with Stop Loss'
long trade return expectation 4.5% stoploss 0.5%after a fresh impulse wave (i) the market
went into the consolidation cum correction via wxy wave structure .
Now fresh impulse is being generated (with a pin bar on 4H CANDLE )
invalidation levels marked for traders , for investors there is no need of stoploss ..
best wishes ..
USDCAD Breakout USDCAD looks like breaking above wait for the conformation and then take the trade.
Take at your own risk.
USDCAD - Bullish Setup USDCAD - long setup!!!
Daily Chart - Price retrace at the bottom channel signs bullish move…
***analyze before taking a position….
