Get started

U.S. Dollar / Canadian Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

USDCAD trade ideas

USDCAD-Expecting a BULLISH structure to make (X) or bull trend ? Dear friends, Don't follow me blindly...what i am sharing here, is my knowledge not signals I am sharing my view through Elliott waves from past 4 yrs....i learned tons and tons here and market taught me lot and still teaching and i am listening to the market...and i am getting a lot of PM's regarding NEGATIVE COMMENTS from my friends...i am sharing here my view for a educational purpose and i am still a learner and i am sharing not my only my view and my experience if u PURELY LISTENNED to my MARKET COMMENTARY... i am not a market mover...just i am keep changing my view according to the PRICE ACTION and i written detailly about that in market commentary...there is no short cut to earn money and cant make a fast cash...if u do that also it may go like that.... My ambition is to create an awareness to the traders, to promote the education not to do BLINDLY...If u look my past 4 yrs chart and now...i fine tuned or refined my strategy...and still looking for finetune...so if u r following my trade plans as a signal its not my fault...If you are not encouraging also not mind but dont discourage...if you are not comment also dont leave the negative comments, if you are not motivate also dont demotivate...because NAGATIVE is more powerful than POSITIVE...i wont care about such comments...because of your comments i wont stop anything in MY PRACTICE...it will take time and to digest such comments for first 2-3 days and again i rebuilt my positive activity and my view and then again i keep start my sharing...i dont need a roadblocks in my journey. If it happen also i need to cross that and i continue...but that crossing time is DELAY for my journey to reach my GOAL...so try to be a friend...just learn or leave .if you didnt like a page in your story book just turn that... Don't look that, Like that dont look my chart...just skip that...thanks lot ...here some quotes by BRUCE LEE... 1. I fear not the man who has practiced 10,000 kicks once, but i fear the man who has practiced one kick 10,000 times " 2. A GOAL is not always meant to be reached, it often serves simply as something to AIM at 3. Those who are UNAWARE they are walking in darkness will never seek the light 4. To hell with circumstances i create the opportunities 5. I don't teach you anything. I just help you to know yourself 6. Always be yourself, express yourself, have a faith in yourself, do not go out and look for a successful personality and duplicate it. 7. Don't fear failure... in great attempts it is glorious even to fail 8. Absorb what is useful, reject what is useless, add what is specifically your own 9. Notice that stiffest tree is most easily cracked, while the bamboo or willow survives by bending with the wind 10. The successful warrior is the average man with laser-like FOUCS - Market Commentary: LEARNING ELLIOTT WAVES IS LITTLE BIT TOUGH (FOR ME IN BEGINNING) BUT I TOOK IT AS A CHALLENGE AND THAT IS NOT IMPOSSIBLE ALSO... First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the trend is bearish or bullish, if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the short term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term. I WONT TOOK ALL THE TRADE PLAN SHARED HERE... Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analyzing the pair and labeling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART..take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP. I am a technical analyst based on trendline, channel, fib retracements, expansion, stochastic for divergence, EMA's and MA's are finding the pull backs and MAJOR IS ELLIOTT WAVES...those mentioned above are using as a TOOLS only. I am not a fundamental, sentimental trader...but only the fundamental will boost my technical analysis to reach my target or sometimes it will go against me and then i will manage the trade according to the Elliott waves alternate views...Each and every trade plan i am sharing here has a alternate view and i am sharing only the most probabilities(70-80%) here...sometimes the other (20-30%) may market do..then i will change the wave counts and labeling according to the price action. All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
by nmkvijay
USDCAD eyes Canadian employment data to extend latest bounceAlthough a one-month-old support line triggered USDCAD bounce off two-week low, The pair isn’t sure of further upside ahead of the Canadian employment data for February. Considering the oversold RSI conditions and strong support line, USDCAD is likely to keep the latest corrective pullback directed towards a short-term horizontal area around 1.2600. However, any further upside needs to defy bearish SMA and 200-SMA level of 1.2690 to recall the bulls. Alternatively, a downside break of the stated support line, at 1.2520 needs a strong fundamental catalyst, either via upbeat oil prices or US dollar weakness, or rosy employment data, to keep the USDCAD sellers hopeful. It should, however, be noted that February’s multi-month low of 1.2465 will be a tough nut to break for the USDCAD bears if at all they manage to conquer the immediate support. Hence, USDCAD seems to lack favors for the further downside, which in turn suggests extended bounce. Though, the Canadian jobs report will be the key to watch.
Long
by MTradingGlobal
Live Challenging Market Analysis Buy USDCAD @ 1.25725Live Challenging Market Analysis Buy USDCAD @ 1.25725 Target @ 1.37131 Entry 2 @ 1.24000 Target Buy 1 & 2 @ 1.37131 Our Unique Features: ————————————————————— 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management Per trade. 4. Risk vs Reward up to 1:7. Note: Trade signals would usually have a risk to reward ratio of 1:2. It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit. This allows you to be good in overall pips profit. Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Best Wishes Forex Tamil
by Tradingwithtamil
1
💡Don't miss the great buy opportunity in USDCADTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (1.25930). . 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 uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 42. Take Profits: TP1= @ 1.26760 TP2= @ 1.26990 TP3= @ 1.27480 TP4= @ 1.28640 TP5= @ 1.29240 SL= Break below S2 ❤️ 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 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 ❤️
Long
by ForecastCity_ME
6
It's a great buy opportunity in USDCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.2590). 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 uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 67. Take Profits: TP1= @ 1.2730 TP2= @ 1.2775 TP3= @ 1.2880 TP4= @ 1.2992 TP5= @ 1.3173 SL= Break below S2 ❤️ 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 trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME