USDCAD 4RR Setup1) Downtrend 2) Price is Below EMA 3) Moving Down From their Strong Resistance 4) Fundamentally USDCAD Is looking Short 70% Technical 30% FundamentalShortby shikhargupta067Published 2
USDCAD AnalysisI was looking at the USDCAD and it might see it's bearish structure and possibly it'll fall more as I expected. Currently I'm looking for sell trade on USDCAD at market price of 1.32713 and I'll use 1.33322 as my stop loss so then I'll use my three target's respectively 1st target should be swing low at 1.31000 something and 2nd & 3rd target respectively demand zones. Fundamentally it looks bearish as of recession in the united states and some of strong events that'll cause usdcad fall down i.e>>> Building Permits Retail Sales MoM Inflation Rate YoY Thanks, SanShortby Trading_SanPublished 2
USDCAD- BearishAfter the completion of a corrective rise in the first week of Jul'23 the currency pairs is forming lower lows and lower highs in an impulsive manner. We can count a five structure in the internals of each leg. Also we have a bullish outlook on AUDUSD then we must go short USDCAD as both the pairs are negatively correlated. One should go short on current levels with SL of 1.33 and look for the target of 1.3000 and 1.2900 in the coming days.Shortby TradingSutraPublished 5
Sell Alert on USDCADMy Analysis: 1. Channel up breakout 2. Fast EMA crosses below Slow EMA 3. Price falls below the 200 EMA 4. Enough volume for Bearish movement 5. RSI moving downwards and just crosses the middle line BREAKOUT PRICE:1.32816 STOPLOSS: 1.33135 TARGET 1: 1.32070 TARGET 2: 1.31280 PROBABILITY: More than 80%Shortby GALAXY_2023Updated 551
USDCAD NEWS TRADE ANALYSIS with High Frequency Bucksusd cad high probalility setup with advanced high frequency bucks high quality setup with simplified supply and demand Longby ujjwalchandrakar21Published 0
USDCAD 4 Hour Analysis (11 July - 12 July 2023)USDCAD 4 Hour Analysis (11 July - 12 July 2023) 1. Price just broke the lower trendline 2. Also, we can see bullish divergence in Stochastic 3. Also, the price is in oversold area of stochastic 4. So, for bearish entry we have to wait for pullback 5. Else, if the price enters the trendline again, we can expect some bullish entry,by rahuldas18598Published 0
USDCAD SETUPUSDCAD setup based on market structure and trendlines. Either it will take support from trend line and we can look for buys or else it will break the trendline and we can look for sells at break and retest . by tgsanalyticsPublished 2
USDCADGlobally, we see a downtrend, but an uptrend is forming now on the H1. We removed liquidity from the bottom + there is a gap above. The price should bounce from them and reach the upper gap. Risky trade - I don't plan to enter with big money. Write your questions in the comments. Who sees a different picture - let us know.Longby george_ovcharenkoPublished 2
#usdcadDear Friends See the USDCAD Weekly Analysis, and also you can choose Martingale Strategy for select the Buy & sell orders. by FXGLOBEXPublished 1
USDCAD for the shortLittle sneak peak of my scanner that tells me what trades to take This is what its calling for a sell and just drew it up. Happy Trading. Next tip will probably be next week or 2 once I get back from vacationby WolfProfitsPublished 3
USDCAD 4 Hour Analysis (28 June 2023)USDCAD 4 Hour Analysis (28 June 2023) 1. Price is in wedge, so we can expect wedge breakout 2. We have two important KeyLevels KL1 and KL2 3. the previous bullish stochastic divergence suggests price in bullish move 4. So, for bullish trade, the price needs to break KL1 and upper Wedge 5. For bearish move, the price needs to break KL2 and lower wedge So, we need to wait and enterLongby rahuldas18598Published 1
USDCAD has more downside room as Canada inflation loomsUSDCAD remains depressed at the year-to-date levels ahead of Canada inflation and US Durable Goods Orders. It’s worth noting that the Loonie pair bears have little fundamental, as well as technical support unless witnessing a corrective bounce. That said, the oversold RSI appears the first catalyst suggesting a rebound in the pair price. With this, a one-month-old falling trend line, around 1.3165 by the press time, precedes the 61.8% Fibonacci retracement of its August-October 2022 upside, near 1.3210, to restrict the short-term upside of the pair. In a case where the quote remains firmer past 1.3210, the previous support line stretched from November 2022, close to 1.3350, and the piercing of the 50-EMA to the 200-EMA from above near 1.3400, will act as the last defense of the bears. On the contrary, strong Canada inflation and the downbeat US data may allow the USDCAD bears to keep the reins despite an oversold RSI. The same highlights the 1.3000 and the 78.6% Fibonacci retracement level of 1.2990 as the next targets for the Loonie pair bears. Should the pair sellers keep dominating past 1.2990, the September 2022 bottom of near 1.2950 will challenge the sellers before directing the pair towards the late 2022 trough close to 1.2725. Overall, the USDCAD bears are likely to stay in the driver’s seat even if a short-term bounce is very much likely.by MTradingGlobalPublished 1
USDCADFX:USDCAD As you can see that, USDCAD has created a head and shoulder and if it breaks the support neck line, gives retest then we can plan for sell side... plan your trade accordingly.....Shortby KalimallaUpdated 11
usdcadstill in down trend show's bos and pullback in 4h nice opportunity to enter so considerShortby UnknownUnicorn14556638Published 0
USDCAD 4 Hour Analysis (22 June 2023)USDCAD 4 Hour Analysis (22 June 2023) 1. Price is in one wedge 2. again, price is in bullish divergence with AO 3. if the price breaks from down wedge we can enter short with retest 4. else, we can go with long trades, and the consolidation can be the TP1by rahuldas18598Published 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 possibility long usdcad possibility long only after break out only use stop loss and enjoy the trade. Longby uniquemailus123Published 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 227
#USDCADDear Friends this week USDCAD will be in support and resistance area. Shortby FXGLOBEXPublished 2
Here is Rubik TradeWelcome and follow us! Day Trading vs. Swing Trading: An Overview Active traders often group themselves into two camps: day traders or swing traders. Both seek to profit from short-term stock movements as opposed to holding securities for long-term growth. The primary difference in the trading strategies is that day traders trade many stocks during a day, while swing traders trade many stocks over a longer time frame, typically two days to a few weeks. Here are the pros and cons of day trading vs. swing trading. Advantages of Day Trading Day trading is unlike many other styles of investing. Know for its fast pace and adrenaline-inducing approach, not all investors are suited for this approach to financial markets. However, day trading is arguable more than the pursue of profits: it is a lifestyle of pitting your wits against the market and living in a thrilling, high-risk environment. Day traders have the opportunity to work independently. Instead of reporting to a firm or following trading direction from a company, any investor with enough personal capital can trade when they want, working as flexible as a schedule as global markets will allow.Educationby RubikTradePublished 1110
Challenges Ahead for USD/CAD Bulls Last night, the Bank of Canada decided to raise its interest rate by 25 basis points, bringing it to 4.75%. This move came after a pause in the tightening campaign during the two previous meetings. As a result, borrowing costs reached a level not seen in 22 years. Because most of the market, approximately 60%, expected interest rates to remain unchanged, the Canadian dollar (CAD) strengthened against the US dollar (USD) following the news. The USD experienced a decrease of 0.23% against the CAD. The initial reaction in the USD/CAD exchange rate showed an 80-pip drop, bottoming out at 1.3320. However, the possibility of an additional rate increase by the Federal Reserve in July likely limited the losses. The upcoming release of US inflation data next week, coinciding with the Federal Open Market Committee (FOMC) meeting, may provide limited insights into the validity of this possibility. If there are any further upward movements, reaching the area around 1.3400 could present a challenge for those expecting gains. This is because the 50-day, 100-day, and 200-day moving averages (MAs) on the 30-minute chart are all moving in their own lanes, indicating that the short-term price won't be fighting the long-term downtrend just yet. The April 14 low of 1.3300 and the aforementioned 1.3320 could be key if the pairs move lower. by BlackBull_MarketsPublished 3