USDCAD "4H" and "1H"'Hello , traders If you like this type of strategy .. please like and follow .. thanks by Thanos021Published 0
200-DMA tests USDCAD bears ahead of Canada GDPUSDCAD bears keep reins around a five-week low, attacking the 200-DMA ahead of the key Canada Q1 GDP. Given the likelihood of a softer growth number, as well as considering nearly oversold RSI, the Loonie pair may rebound from the stated moving average surrounding 1.2660. In a case where the quote refrains from respecting the RSI and the DMA, the 61.8% Fibonacci retracement of October 2021 to May 2022 upside and an upward sloping support line from late 2021, respectively near 1.2585 and 1.2500, will be important to watch during the additional south-run. Meanwhile, recovery moves may initially aim for the 1.2700 threshold and then the 1.2760 hurdle before challenging a 13-day-long resistance line surrounding the 1.2800 round figure. It’s worth noting that the USDCAD pair’s run-up beyond 1.2800 won’t hesitate to challenge March’s high of 1.2900 and December 2021 peak close to 1.2965. To sum up, USDCAD bears battle with the key support and may retreat a bit should the scheduled data disappoint.by MTradingGlobalPublished 1
usdcad broken structure ...usdcad broken structure ...looking for pullback and a sell entry from poiby arjunkmanu69Published 0
USDCAD ANALYSIS OVER H4 CHART.USDCAD is moving in downward trend and looking for selling opportunity in usdcad.Shortby charliedavies770Published 0
USDCAD Trading Plan - 25/May/2022Hello Traders, Hope you all are doing good!! I expect USDCAD to go up after 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 0
USDCAD Daily Technical AnalysisTrading Ideas- Long positions above 1.2633 with targets at 1.3069 & 1.3155 Alternative scenario If price goes down 1.2633 look for 1.2406 & 1.2291 as targets. Supports and resistances 1.2406 & 1.2291 1.3069 & 1.3155 Longby iigfm21Published 0
USD/CAD BEARISH SETUPPAIR NAME : USD/CAD TIMEFRAME : 4Hrs DIRECTION :SHORT TYPE :SWING If you like this idea, then smash like button and follow us for regular updates. Note:- Do you own due diligence before taking any trades. Thanks.. Shortby benellibiker50Published 0
USDCAD Daily Technical AnalysisTrading Ideas- Long positions above 1.2633 with targets at 1.3069 & 1.3157 Alternative scenario If price goes down 1.2633 look for 1.2406 & 1.2291 as targets. Supports and resistances 1.2406 & 1.2291 1.3069 & 1.3157 Longby iigfm21Published 0
USDCAD remains vulnerable to more downside ahead of Canada CPINot only a downside break of the monthly bullish channel but sustained trading beneath the 100-SMA also keeps USDCAD sellers hopeful ahead of Canada’s Consumer Price Index (CPI) data on Wednesday. Adding strength to the bearish bias is the downward sloping RSI (14) since the last week. That said, the 1.2800 appears immediate support for the quote ahead of directing it towards the 200-SMA level surrounding 1.2720. Any further downside, however, hinges on the pair’s ability to conquer the 1.2660-65 horizontal area comprising the 61.8% Fibonacci retracement level of April-May upside, as well as mid-April tops. Meanwhile, the 100-SMA level near 1.2875 limits the USDCAD pair’s immediate recovery moves before highlighting the lower line of the aforementioned channel, previous support around 1.2930. In a case where the pair rises past 1.2930, the weekly high of 1.2981 and the 1.3000 psychological magnet could test the buyers prior to highlighting the north-run towards the monthly peak close to 1.3075. Overall, USDCAD has already flashed bearish confirmation on the chart but today’s data also needs to back the move.Shortby MTradingGlobalPublished 0
USDCAD Trading Plan - 10/May/2022Hello Traders, Hope you all are doing good!! I expect USDCAD to go down from here. Look for your SELL 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 ideaShortby For3xScalperUpdated 1
USDCAD Daily Technical AnalysisTrading Ideas- Buy positions above 1.26330 with targets at 1.31550 & 1.33860 Alternative scenario Below 1.26330 look for further downside with 1.24090 & 1.22890 as targets. Supports and resistances 1.24090 & 1.22890 1.31550 & 1.33860Longby iigfm21Published 0
USDCAD BUYMarket forming an bullish flag pattern , wait for the trend line resistance breakout and retest after enter the trade Target🎯1. 3045 Longby PRAKASHNEPAPublished 0
Usdcad-short this monthRespect 38% retracement down then will Decided to go up or down.. Shortby ArtaslamPublished 0
usdcadAs the price has formed the channel, u can see the breakout has taken place from the downward trajectory which, in turn, should act as a strong base (support) for the USD/CAD pair and a key pivotal point in daily chart. by dikshachangotraPublished 1
USDCAD Buy trade opportunitiesUSDCAD Buy trade opportunities USDCHF Buy Trade opportunity It running on range position and testing resistance level if breakout with a good bullish candle then waits for some retrace and take a long trade as we mark on the chart "Always trade with Stop Loss"Longby fxgreenpipPublished 1
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"Shortby fxgreenpipUpdated 1
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.by MTradingGlobalPublished 0
USDCAD will be bullishBullish trend will be continued till 1.2929, put a stoploss 1.2761.Longby KING_EXPERTPublished 1
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 entryShortby iwynnePublished 0
💡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 ❤️Shortby ForecastCity_MEPublished 7
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 cadShortby johnybabu007Published 2
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 Shortby iwynnePublished 4
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.by MTradingGlobalPublished 111