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.
USDCAD trade ideas
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.
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 !!!!
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.
Usdcad future price predictionsUsd cad seems to be bearish soon .
It can be rejected from the major supply zone after grabbing the liquidity
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 !!!!
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
#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.
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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.
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.
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USD CAD downside move possibleUSD CAD downside move possible
Selling below the 1.35021
Stoploss 1.36448
Target 1.31656
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.
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
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.
USD CAD upside move possibleUSD CAD upside move possible
Buying above the 1.35877
Stop loss 1.35179
Target 1.37453
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 !!!!
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USD-CAD looking good on short sideprice is making HIGHER LOW follow the HL and wait for the price to get into Higher time frame SUPPLY ZONE
we further look for LOWER HIGH & LOWER LOWS
with good risk to reward we can enter the trade and aim for the recent HIGHER LOWs (marked in green zone)
BUY USDCADprice uptrend mai h resistance ka break krke
retest pass kr chuka h abhi apne high ko break
kre to entry le skte h
USDCAD LONGwait for the 4hr candle to close above 1.35000. Then we can look to buy targeting 1.35700.
either buy the breakout or wait for retest and a candle confirmation to buy.
USDCAD D Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 5
💰 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 !!!!
USDCAD SELLUSDCAD 15M
SELL
Double Top forming on 1H TF
Price ranging so we'll wait for breakout and retest at 15M tf
SL = 1.34990
Target = 1.34429
USDCAD BULL Trade Idea: USE BUYSTOP ITS MY POINT OF VIEW
📍 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 !!!!
