USDCAD VIEWEntry 1 is in Equal high , Better avoid and enter in 2 nd supply zone entry
Bos is there
Imbalance is there
USDCAD trade ideas
USDCAD sell in 30mins or 1 hour USDCAD is in the selling zone and has formed a downward flag so, it might possibly gives a 200 to 400 pips in bearish momentum
USDCAD Sell trade opportunitiesUSDCAD Sell trade opportunities
USDCAD currently bearish trend and is expecting to breakout if it closes below the support area with a very strong Bearish candle then market will be further moving into a bearish phase after confirmation of a breakout wait to retracement then enter in sell trade with a very good risk rewards
"Always trade with Stop Loss"
USDCAD LONG POSITION Entering a long position in USDCAD
Analysis is based on smart money concept using basic trading knowledge.
USDCAD "4H" and "1H"'Hello , traders
If you like this type of strategy .. please like and follow .. thanks
USDCAD "4H" and "1H"'Hello , traders
If you like this type of strategy .. please like and follow .. thanks
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.
usdcad broken structure ...usdcad broken structure ...looking for pullback and a sell entry from poi
USDCAD ANALYSIS OVER H4 CHART.USDCAD is moving in downward trend and looking for selling opportunity in usdcad.
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 idea
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
USD/CAD BEARISH SETUPPAIR NAME : USD/CAD
TIMEFRAME : 4Hrs
DIRECTION :SHORT
TYPE :SWING
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Note:- Do you own due diligence before taking any trades.
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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
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.
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 idea
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 & 1.33860
USDCAD BUYMarket forming an bullish flag pattern , wait for the trend line resistance breakout and retest after enter the trade
Target🎯1. 3045
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.
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"
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 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.
