USDCAD Down Trend.!#USDCAD Looking for Sell trade setup as I mentioned in the Chart.!
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USDCAD trade ideas
USDCAD H1 Bullish ForecastUnited States Dollar vs Canadian Dollar
USDCAD BULLISH H1
US Dollar has been down over the past week and it is really amazing to spot an opportunity for the upcoming raise of US Dollar.
Technical analysis:
We found several reasons for the USDCAD pricing to go high.
1. USDCAD has pumped up from support level around 1.32313, where 8H TM was managed to be kept by bulls.
2. 1H TM raising trendline has been respected in the recent pricing in rows, after the second touch the price has printed a cup where the handle in process of making, from the end of handle we expect third touch of raising trendline where we'll enter our buying positions for our clients.
The entry zone may be 1.33586 or 1.33523.
Target1
There'll be resistance around 1.34088 this will be first target for short time traders and BreakEven for long time traders.
Target 2
The 1.34994 area is next resistance for buyers once the first target is done.
USDCAD Buy trade SignalUSDCAD Buy Trade Signal
it's reverse the market from the major support area and recently break the resistance area and make a very strong Bullish candle above its a very good opportunity to take a Buy trade with a good risk-reward target and the stop area is mentioned in the chart
Always Use Stop Loss
usdcad m15 possibility long usdcad m15 possibility long if price bear this level with volume and retest
USDCAD breakout from head and shoulder patternThe price has formed the head and shoulder pattern and finally it breaks out from the downside. A good position for selling. Target as shown in the chart.
USDCAD bears are far from taking control USDCAD posted the biggest daily slump in six years on Friday and pushed back the bulls. The bears, however, have a long way to cover before taking control as a 15-month-old rising trend line, around 1.3330 by the press time, defends the upside expectations. Even if the quote breaks the said key support, the 61.8% Fibonacci retracement of August-October upside, near 1.3200, appears the last defense of the buyers before finally welcoming the sellers.
Alternatively, recovery moves need successful trading beyond 1.3500 to convince the USDCAD buyers. Even so, the 23.6% Fibonacci retracement level and the monthly high, respectively around 1.3680 and 1.3810, could challenge the upside momentum. Following that, multiple hurdles near 1.3840-50 will precede the yearly top surrounding 1.3980 to probe the bulls. If the pair rises past 1.3980, the 1.4000 psychological magnet and the 61.8% Fibonacci Expansion (FE) of September-October moves, close to 1.4135, should be in the spotlight.
Overall, USDCAD may witness a bit of corrective due to the 50-DMA break but the downtrend is far from here.
USDCAD DAILY TECHNICAL ANALYSIS Trading Ideas-
Long positions above 1.3397 with targets at 1.3976 & 1.4168
Alternative scenario
If price goes down 1.3397 look for 1.3204 & 1.2955 as targets.
Supports and resistances
1.3204 & 1.2955
1.3976 & 1.4168
USDCAD SELLINGThe price after passing through the accumulation phase moved along the upward phase and then distribution phase occurs. Prices are choppy, sellers prevail, and the end of the rally is near. In the mark down phase, our first target will be near about 1.33635
USDCAD buyers have a long road ahead as the key week beginsUSDCAD crossed a one-week-old resistance the previous day but stayed on the way to the first monthly loss in three inside a fortnight-long bearish channel. That said, the 100-SMA level surrounding 1.3725 acts as an immediate hurdle to test the pair buyers before directing them to the stated channel’s upper line, close to 1.3745 at the latest. Following that, there are multiple levels near 1.3840-50 which could challenge the upside move targeting a fresh yearly top, currently around 1.3980. It’s worth noting that the 1.4000 psychological magnet may offer an extra buffer to the north before giving control to the bulls.
Alternatively, the resistance-turned-support near 1.3555 and a monthly horizontal support zone surrounding 1.3500-3495 could restrict the short-term downside of the USDCAD pair. Following that, the aforementioned channel’s lower line, around 1.3460, might act as the last defense for the buyers. It should be observed that September 22 swing low near 1.3410 and the 1.3400 round figure might check the bears ahead of directing them to the 61.8% Fibonacci retracement level of the September-October advances, at 1.3343.
Overall, USDCAD consolidates monthly loss as traders brace for the key week including the Fed’s verdict, US NFP and Canadian employment numbers.
USDCAD Sell trade opportunitiesUSDCAD Sell trade opportunities
Overall its a sell trend that recently breakout the short-term support line next prediction is will retrace some pips to test the resistance line as I mentioned in the chart or it can be moved down from this point to the next support line.
USDCADHello everyone.
My idea about USDCAD is this due to the recent statements of Goldman Sachs about USA hidden - upcoming recession plus JP Morgan has the same forecast.
Moreover, I see a structure of rejection from the resistance indicating huge orderblocks + a form of LH and LL as I depict with the arrows and trendlines. So, I will enter short in case of break and retest of the support zone with various TP levels.
USDCAD RE-ACCUMULATION R:R 1:17This is for short term
And this is risky too.
Please DYOR before entering the trade.
USDCAD 4HOUR CHART ANALYSIS When I did a 4 hour chart analysis of USDCAD, it was found that a trend line is being drawn and a resistance is visible above, which if broken and retested once the price can go upside down.
🎉🎊
Rising wedge challenges USDCAD bulls below 1.4000USDCAD retreats from the highest level in 29 months as bulls appear to run out of steam. That being said, the recent moves of oscillators and the rising wedge bearish formation on the top teases sellers at the multi-month top. However, a clear downside break of the stated pattern’s support line, around 1.3930 by the press time, as well as the smashing of the 100-SMA level of 1.3695, becomes necessary for the bears. Following that, a south-run towards the monthly low near 1.3500 seems quick on the way to the theoretical target of 1.3400.
Alternatively, the 61.8% Fibonacci Expansion (FE) of the USDCAD pair’s moves between September 14 and October 05, around 1.3935, could lure the intraday buyers ahead of the aforementioned wedge’s top, close to the 1.4000 psychological magnet. In a case where the quote stays firmer past 1.4000, the 78.6% FE level near 1.4050 could challenge the upside momentum before directing the bulls towards the May 2020 peak surrounding 1.4175.
Overall, USDCAD grinds higher inside a bearish chart formation to appear risky for the fresh long positions.
USDCAD shortA good shorting opportunity is incoming in USDCAD, as the prices have broke structure, just retracing to 0.5 levels before another fall, can get a good entry over here with the target mentioned on the chart.
USD/CAD - SELLUSD/JPY break the up trend line or break the rising wedge pattern. Go for short trade.
USDCAD DAILY TECHNICAL ANALYSIS Trading Ideas-
Long positions above 1.3194 with targets at 1.3861 & 1.4168
Alternative scenario
If price goes down 1.3194 look for 1.2956 & 1.2820 as targets.
Supports and resistances
1.2956 & 1.2820
1.3861 & 1.4168
I Shorted "USD/CAD" Shorting USD/CAD , It broke trendline and retested the trendline. Lets see what happens
USDCAD 1HRNext Possibility Move Will Be 1.36800 to 1.37000 Support Then Again Upside Move Will Be 1.38000 to 1.38200 Daily Resistance Label. It can be a Good Zone For Shortopportunity if Price Face The label But Every Think Depend On What kind of market reacts to this label.
DISCLAIMER: Before you invest/trade forex, please do your own research as I won't be held responsible for anything that goes wrong.
