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 Shortby ostwalUpdated 224
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 & 1.3396Shortby iigfm21Published 1
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 by PRAKASHNEPAPublished 2
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.by MTradingGlobalPublished 1
USDCAD Trading Plan - 04/Aug/2022Hello Traders, Hope you all are doing good!! I expect UCAD to go UP after finishing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any ideaLongby For3xScalperPublished 1
USDCAD DAILY TECHNICAL ANALYSIS Trading Ideas- Short positions below 1.3084 with targets at 1.2683 & 1.2518 Alternative scenario If price sustain above 1.3084 look for 1.3234 & 1.3396 as targets. Supports and resistances 1.2683 & 1.2518 1.3234 & 1.3396 Shortby iigfm21Published 2
USDCAD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading ❤️ Hustle hard ✅Shortby okako_tradingPublished 3
USDCAD UPMOVEI am expecting a up over which will balance and the un stability in the chart. Let’s see what comes out of it. Thank youLongby jitendrarathorPublished 4
USDCAD ANYALSISUSD ANY analysis ❤️ Your support is very much 🙏 appreciated!❤️ "If you are not willing to risk the usual you will have to settle for the ordinary." --Jim RohnShortby moviinfoPublished 0
USDCAD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading ❤️ Hustle hard ✅Shortby okako_tradingPublished 0
USDCAD 1D LEADING DIAGONAL leading diagonal ended now looking for a 3 wave correction to buy wave 3Longby GowthamUdhayakumarPublished 0
USDCAD approaches key resistance inside 250-pip trading rangeUSDCAD bounced off its monthly low on Friday, approaching a convergence of the 100 and 50-SMA around 1.2960-65 at the latest. The recovery moves also gain support from the upbeat RSI, not oversold, as well as recently improving MACD signals. That said, the Loonie pair’s upside past 1.2965 needs validation from the 1.3000 psychological magnet before approaching the 1.3080-85 resistance area. In a case where the prices rally beyond 1.3085, the monthly top of 1.3223 will be in the spotlight. Meanwhile, pullback moves could aim for the 50% Fibonacci retracement of June-July upside, around 1.2870 before challenging the stated trading range’s lower end, around 1.2820. It’s worth noting that a clear downside below 1.2820 could become detrimental for the USDCAD bulls if backed by a clear break of the 1.2800 round figure. In that case, the bears could aim for June’s low near 1.2520. Overall, USDCAD pares recent losses inside a five-week-old trading range.by MTradingGlobalPublished 0
USDCAD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading ❤️ Hustle hard ✅Longby okako_tradingPublished 0
USDCAD DAILY TECHNICAL ANALYSIS Trading Ideas- Long positions above 1.2818 with targets at 1.3075 & 1.3236 Alternative scenario If price goes down 1.2818 look for 1.2686 & 1.2521 as targets. Supports and resistances 1.2686 & 1.2521 1.3075 & 1.3236Longby iigfm21Published 2
USDCAD Buy Trade opportunityUSDCAD Buy Trade opportunity USDCAD Buy trade opportunities It again retests the support line and made a strong Bullish candle its a good opportunity for a long with very good risk-reward Can place the Buy trade above 1.2620 Area and Stop Loss Below the Support line "Always trade with Stop Loss"Longby fxgreenpipUpdated 3
FOREX TRADING STRATEGYTF 30 min SIGNAL 200 ema break USE price action as well PIVOTS Fibonacci KEEP RR - 1:4 🎯 win rate - 70% # note : wait for the pullback. If the candle is big enough... then no need to wait for pullback. # keep SL a little above the entry candle # the price respects the weekly fib pivots # check for the overall trend on bigger tf - 1D , 4hrs # avoid weak momentum trades , cuts in the range of 100 to -100 are good # narrow weekly CPR act as good support n resistance # cpr above 200 ema - SELL PROBABILITY # cpr below 200 ema - BUY PROBABILITY # cpr alongside 200 ema - SIDEWAYS TRENDShortby rforrajPublished 1
USDCAD H4: Good Opportunity for SELLUSDCAD H4 update: Good opportunity for Long Sell, Price is running @ support area if it break the support then, we can expect bearish momentum till our final Target. *** Follow Proper risk management *** What is your view on this? Shortby fxgrainUpdated 0
USDCAD UCAD M30 Just after the BMS, we see that fvg that's freshly created and then the sloppiness of price to trade lower. This implies to me that markets will return to fill in the gap before any sell continuation. As markets begin to retrace we anchor our fibs from the the swing high that the move breaking structure originated from to the swing low newly formed. This gives us an OTE precisely where we have our fvg, and the last thing we needed to confirm was the the time of the day being NY killzone, everything was aligning for sells. And our target will be the filling of the imbalance left on the discount part of the trading range.by JoshFx901Updated 112
USDCADUSDCAD Making a bullish rectangle pattern. if DXY is going up USDCAD also going long. Longby Ashikniyas123Published 0
USDCAD DAILY TECHNICAL ANALYSIS Trading Ideas- Long positions above 1.2818 with targets at 1.3234 & 1.3395 Alternative scenario If price goes down 1.2818 look for 1.2521 & 1.2407 as targets. Supports and resistances 1.2521 & 1.2407 1.3234 & 1.3395 Longby iigfm21Published 0
USDCAD: CUP & HANDLE BREAKOUTThe Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks. As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential. Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case. Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory. Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup. Duration: The cup can extend from 1 to 6 months, sometimes longer on weekly charts. The handle can be from 1 week to many weeks and ideally completes within 1-4 weeks. Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup. TRADING STRATEGY: Buy USDCAD on cmp , add on dips , keeping SL of 1.2900 look for the target of 1.3400/1.35300 Longby TradingSutraPublished 9
USDCAD: BearishUSDCAD trading in a parallel channel and it looks like the correction is still pending. Rejected from the previous resistance zone USDCAD is likely to trade lower in the coming sessions. Trading strategy: Keeping SL of 1.295 any rise should be taken as selling opportunity for the target of 1.28500/ 1.28000Shortby TradingSutraPublished 4
USDCAD: TECHNICAL ANALYSIS. Hello traders, Wave B has probably ended at 1.29665 zone. Wave C is supposed to materialise towards the support zone at 1.27320 . Thanks.Shortby MASTERPIECE10Published 0