USDCADWe saw USDCAD Short Because, USDCAD Follow Elliott Correction Wave (ABC) patterns. Or Ascending Trend Line Breakout.Shortby RoxCapitals1
USDCAD sellers need validation from 1.3430 and Canada inflationUSDCAD stays pressured at the lowest level in a month after breaking a six-week-old horizontal support. Adding strength to the downside bias is the Loonie pair’s sustained trading below the 200-SMA. However, the nearly oversold RSI (14) line and sluggish MACD signals prod the bears, which in turn highlights a two-month-old ascending support line, close to 1.3430 at the latest. It should be noted, however, that a downside break of the 1.3430 support will make the quote vulnerable to drop towards the 50% Fibonacci retracement of July-September upside, near 1.3390, and to the 61.8% Fibonacci ratio of 1.3320 ahead of directing the bears toward multiple tops marked in July and August around 1.3230. Meanwhile, a horizontal area comprising multiple levels marked since early August, between 1.3490 and 1.3500, guards the immediate recovery of the USDCAD pair. Also acting as the nearby upside hurdles for the Loonie pair is a one-week-old descending trend line and 200-SMA, respectively near 1.3510 and 1.3530. It should be noted that the quote’s run-up beyond 1.3530 will aim for the 1.3600 and the double tops marked in late August around 1.3635-40. In a case where the bulls manage to keep the reins past 1.3640, the monthly high surrounding 1.3700 will be in the spotlight. Overall, the USDCAD pair is likely to decline further but the downside room appears limited.by MTradingGlobal0
USD CAD upside move possibleUSD CAD upside move possible Buying above the 1.35616 Stoploss 1.34838 Target 1.36969Longby tradewithmev0
USDCAD LONGUSDCAD is on strong support level. it is also forming a double bottom on 1hr . wait for daily close above neckline area and then we can plan a long trade .Longby tgsanalytics3
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. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis. Longby okako_trading226
Usdcad both direction trade possibilityUsdcad can be traded in both direction Long can be traded in ltf and short opportunity can be obtained at htf supply zone above Longby fuzailx1
USDCAD SETUPwe have two possibilities for usdcad. Either it can take support from golden zone or it can break the support zone. Wait for either bullish confirmation or the break of support to plan a trade.by tgsanalytics2
USD/CAD cracks on upbeat Canadian labor market dataUSD/CAD slips vertically to near 1.3600 as Statistics Canada has reported upbeat labor market data. The Canadian labor market witnessed fresh additions of 39.9K payrolls in August, more than doubled from the expectations of 15K. The US Dollar remains firm as the US economy is resilient due to cooling inflation and stable labor growth.by Mars_HunterUpdated 447
USDCAD ANALYSIS Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 3 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!Shortby Greenfireforex1
USDCAD bulls jostle with 1.3640-50 crucial resistance on BoC DayUSDCAD bulls struggle to keep the reins at a five-month high as markets await the all-important Bank of Canada (BoC) Interest Rate Decision and the US ISM Services PMI for August. That said, the nearly overbought RSI and impending bear cross on the MACD checks buyers as they attack a convergence of an 11-month-old descending resistance line and a horizontal region comprising multiple levels marked since late April, close to 1.3640-50. As a result, the pair’s upside appears difficult and hence needs a strong boost from the BoC, as well as US data, to cross the stated hurdle, which in turn could propel prices towards the yearly high marked in March around 1.3865. Following that, the late 2022 peak of 1.3980 and the 1.4000 psychological magnet will gain the market’s attention. Meanwhile, the USDCAD pullback may initially aim for the 38.2% Fibonacci retracement of August-October 2022 upside, near 1.3500, ahead of retesting the 200-DMA support of 1.3465. In a case where the Loonie pair remains bearish past 1.3465, the early July swing high of 1.3385 and the 61.8% Fibonacci retracement surrounding 1.3200, also known as the Golden Fibonacci ratio, will be on the seller’s radar. Finally, the yearly low marked in July around 1.3090 acts as the last battle point for the buyers, a break of which won’t hesitate to drag the pair below the 1.3000 psychological magnet. Overall, USDCAD remains bullish but may witness a pullback before the further upside, unless the BoC and US data offer surprises.by MTradingGlobal1
Usdcad future price predictionsUsd cad seems to be bearish soon . It can be rejected from the major supply zone after grabbing the liquidityShortby fuzailx0
usdcad sell Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 3 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!Shortby Greenfireforex1
USD/CAD 4h BUllish Order Block i saw a liq Grab on 4h time frame also with choch with imbalnace candle with valid order block entry 1.35043 SL : 1.34847 TP : 1.36153 Note: Do Your own analysis before entering trade im not professional if you are not sure about this analysis dont trade at all be Decipline trader Longby PandhereDinesh0
#usdcad short from 1.3620#usdcad broke the upward triangle and has the chance to test 1.3620 and then it has more tendency to drive downward move. In case due to market conditions if it breaks above 1.3630 then it has more movementum up, for now I'm supporting a short on USDCAD. If you like my idea, please like and share with your friends for more reach and to encourage me :) DM me if you come across any questions will discuss in brief about any currency pair technical analysis. #money #currency #inflation #trading #trader #trading #stockmarket #forextrader #forextrading #forex #stocks #stocktrading #options #optiontrading #money #cash #investor #investing #futures #eurusd #usdcad #gbpjpy #bipaforexacademyShortby BipaForexAcademy2
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. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis. Longby okako_trading0
USDCADUSDCAD recently broke down the uptrend and retested the imbalance area. We can witness a smooth move of 240 pips taking. We will have to wait for price to settle down on Monday as we had NFP On Friday. If you like our work do not forget to follow and like the idea.Shortby SwingTradingOnly_227
USD CAD downside move possibleUSD CAD downside move possible Selling below the 1.35021 Stoploss 1.36448 Target 1.31656Shortby tradewithmev0
head and shoulder breakdown in USDCADThis is a head and shoulder reversal on the hourly chart. Classic pattern. The 50 ma has also just crossed below the 200 ma and the prices seem to have broken below the flag which was being formed. The oscillators are near the mean which increase the probability of a downside thrust in the pair. Shortby anshuman_051
finally a breakdown on USDCADwe had been waiting for this setup and we didnt took any long for usdcad instead we looked for sell setup and today price got rjected and confirmed about change of trend with double top or M patern exactly on the higher time frame resistance zone aggresive trade can enter short and conservative trade should wait for a small pullback and sell on 0.5 fib retracement as discount and value zone for shorting Shortby Jimmy_RebelloUpdated 2
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. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis. Longby okako_trading1
USD CAD upside move possibleUSD CAD upside move possible Buying above the 1.35877 Stop loss 1.35179 Target 1.37453Longby tradewithmev0
usdcad analysisTrade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 4 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!Shortby Greenfireforex0
USD/CAD Wave Analysis: Riding the Profit Wave 📈🌊 🤑 Hold tight for the USD/CAD profit ride! We're breaking down recent moves (1-2-3-4-5) and diving into the next big thing: correction wave vibes! Let's jump into Wave ABC and grab those gains! 💰 🔍 What's Hot: Wave Breakdown: Let's zoom in on USD/CAD moves, spilling the beans on that slick five-wave setup (12345). Get the lowdown on each wave's style and how they jam together for the big picture. Course Correction: Time to chat about the comeback waves. Scope out what's cooking in Wave ABC – levels, patterns, and when it might hit the scene. Cash Splash in Corrections: We're dishing on bagging profit during correction waves. See how to time your moves right for max moolah – nail those entries and exits. Riding the BC Wave: Dive into Wave BC, the sequel to correction moves. We're breaking down the players and factors that shape it, so you ride it like a pro for gains. Risk Ninja Moves: Master risk moves during corrections. Learn savvy tricks to protect your stash while raking in the dough. Tech Tools Rock: Check out tools and tricks to boost your USD/CAD game. Use them to back up your hunches and dial in your moves. Real Talk Tales: Dig into past USD/CAD waves. It's like getting wisdom from seasoned wave riders – peep the patterns, wins, and how it all went down. 📊💰 USD/CAD's in the spotlight, so get prepped for the profit rush! Correction wave (Wave ABC) is where the action's at, loaded with juicy potential wins. Stay sharp, trade bold, and get the scoop from our full-throttle analysis! (Note: Trading packs risks, and past glory doesn't promise future fortune. This is about learning the ropes, not financial advice. Do your homework and talk shop with money pros before making moves.) 🚀🤑Shortby Greenfireforex0