Classic play USDCADI see a tipycal setup on USDCAD. Break of major trendline, retest, divergence on H4 timeframe. I expect a drop of the price till the daily resistance at 1.336. Dollar weakness should confirm the setup
Usdcadshort
USDCAD - Short IdeaThe USDCAD pair has overbought conditions and Canadian dollar gains strength on strong crude oil prices, which indicates a potential downside move for USDCAD.
USDCAD TOPDOWN ANALYSISTopdown analysis on USDCAD. The dollar pairs are kinda bullish, but i still trust the USDCAD to drop
USDCAD Best level for selling the market 1.3431USDCAD Best level for selling the market. Already broker with support level and start go down.
USDCAD SELL NOW AT 1.3431
TAKE PROFIT 01 : 1.3349
STOP LOSS 1.3510
Please follow a sensible and responsible money management strategy when trading.
You should never invest money that you cannot afford to lose. Risk 3% of capital
usdcad sell ideaFX:USDCAD
Overall structure based on the weekly, daily timeframes is bearish, the 4h and 1h broke countertrend structure and I am currently waiting for a pullback to the 1.34795 weekly key resistance area to look for sells on USDCAD
usdcad sell ideaFX:USDCAD
Overall structure based on the weekly, daily timeframes is bearish, the 4h and 1h broke countertrend structure and I am currently waiting for a pullback to the 1.34795 weekly key resistance area to look for sells on USDCAD
USDCAD ON DAILY BEARISH !!!HELLO FRIENDS
As I can see USDCAD is trading inside a bearish channel and already created a fakeout now its testing channel border line can create double top on smaller TF which will indicate to enter in a sell entry our risk and rewards are fantastic on this pair let stay as a sniper when it come in our range we will enter and will hold till design level friends its just an trade idea we are looking for ur help and support on this pair share ur views with us in comment it will help many other traders
USDCAD - Short active ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: As I expected in my previous analysis price filled perfectly the imbalance and mitigated bearish order block. My target now is 1.32000.
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💹A trading opportunities - Short USDCAD retracementLook no further! Our analysis shows that USDCAD is currently in an uptrend in 4H or above timeframes. However, we’ve identified a potential opportunity for a short trade. Key Level 1.3480 has been broken, and we’re waiting for a retest on resistance levels (as marked as Sell limit levels on chart). If all goes well, we could see a touch on 1.3453 and gain some pips from this short trade. More take profit levels and the stop loss are marked on the chart too. 🤑🤑🤑
I hope this helps! Remember, trading is risky and always do your own research and analysis before making any trades. Good luck! 🤞
💹A trading opportunities - Short USDCAD retracementLook no further! Our analysis shows that USDCAD is currently in an uptrend in 4H or above timeframes. However, we’ve identified a potential opportunity for a short trade. Key Level 1.3480 has been broken, and we’re waiting for a retest on resistance levels (as marked as Sell limit levels on chart). If all goes well, we could see a touch on 1.3453 and gain some pips from this short trade. More take profit levels and the stop loss are marked on the chart too. 🤑🤑🤑
I hope this helps! Remember, trading is risky and always do your own research and analysis before making any trades. Good luck! 🤞
USDCAD H4 / PERFECT HIT OF THE OB / SHORT TRADE ACTIVE ✅Hello Traders!
This is my idea related to USDCAD H4. I see a small accumulation at the moment, I expect a bearish move taking into consideration this accumulation in the area of the OB.
The target is before the FVG.
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USDCAD Sell/ShortUSDCAD on daily has shown that within the channel trade it will begin to reverse and has confirmed a rejection point. We should see a further sell off from here on out. Below is the trade analysis please be advised that we urge proper risk management for the safety of your margin accounts. Thank you.
USDCAD Sell/Short
ENTRY: 1.34809
TAKE PROFIT:
TP 1: 1.32896
TP 2: 1.31110
SL: 1.35614
Please use proper risk management upon entering this trade.
USD/CAD SHORTThis downward trend of the USD/CAD looks to continue. With prices respecting the current resistance line and a double top forming at the current price it look like a good time to short. in addition to that the fundamentals are looking strong in support of this trade, with the USA on the bring of a major conflict and elections coming up, a lot of uncertainty looms around the US and the Dollar.
USD/CAD: Awaiting US Retail Sales Amidst Central Bank DivergenceUSD/CAD: Awaiting US Retail Sales Amidst Central Bank Divergence
As the European trading session kicks off on Monday, the USD/CAD pair grapples with resistance under the 1.3450 area. The downward pressure on the pair is attributed to a weakening US Dollar (USD), compounded by a less-than-robust US Producer Price Index (PPI) report.
Market Dynamics:
Elevated expectations of easing by the Federal Reserve (Fed) persist, fueled by the recent decline in the USD and the subdued PPI figures. All eyes are now on the US December Retail Sales data scheduled for Wednesday, with an anticipated MoM increase of 0.4%, compared to November's 0.3%.
On the Canadian Dollar (CAD) front, the Bank of Canada (BoC) is widely expected to pivot towards interest rate cuts in the coming year after a series of rate hikes. Speculation suggests that the first rate cuts could occur as early as spring.
Technical Analysis:
From a technical standpoint, the USD/CAD price remains within the 50% and 61.8% Fibonacci Zone, positioning itself for a potential retest of the 200 Moving Average and the Dynamic trendline. The confluence of these indicators raises the possibility of a retest, potentially leading to a new downward push in line with the prevailing main trend.
Conclusion:
The USD/CAD pair navigates a complex landscape marked by central bank divergence, economic data releases, and technical signals. The USD faces headwinds, fueled by Fed easing expectations and a lackluster PPI report, while the CAD anticipates potential rate cuts by the BoC. Traders will closely monitor the upcoming US Retail Sales data for further insights into the pair's direction, as it grapples with critical technical levels and evolving market dynamics.
Our preference
Short positions below 1.3530 with targets at 1.3300 & 1.3200 in extension.
USDCAD Long Term buying Trading IdeaHello Traders
In This Chart USDCAD HOURLY Forex Forecast By FOREX PLANET
today USDCAD analysis 👆
🟢This Chart includes_ (USDCAD market update)
🟢What is The Next Opportunity on USDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Usd/Cad Shorts Very Choppy price action, and would prefer shorts, but in order to look for the entry I would look for a 4h close back into structure and below blue line and a retest on a lower time frame and a lower low to take the entry.
However if there is a bullish close and a Higher High close on the 4h there may be an opportunity to go long
Bearish mitigation at USDCADAs it is clear from the chart the overall trend is bearish but the is a bullish orderblock at 1.32 which support the price until 1.34
At this price range there is a Bearish FVG and Bearish mitigation which indicates the possible bearish scenario
SL would be equal highs at 1.36
The first target is reaching to bullish orderblock again.
USDCAD SELL ON REJECTION !!HELLO TRADERS!!
As i can see after a big downtrend on USDCAD now a retrace done and its showing rejection here at this level again also you can see it is unable to break the trend line and US $ weakness is the ongoing.. Wars ahead around the middle east escalating more and more which is not good for US $ friends charts are clear like diamond our risk and reward ratio is great on this given analysis lets see what markets bring to us its just and trade idea share ur thoughts with us and for more updates Stay tuned
USD/CAD Bears Unleashed: Navigating the Bearish MomentumUSD/CAD Bears Unleashed: Navigating the Bearish Momentum
The USD/CAD pair maintains its downward trajectory, securing another leg of the bearish journey after encountering resistance at the pivotal 1.3400 level. The 50% Fibonacci level once again proves to be a significant turning point, serving as a robust barrier within the 50% - 61.8% Fibonacci resistance zone. As the pair adheres to its prevailing downtrend, the US Dollar (USD) finds support from elevated US Treasury bond yields, positioning itself close to a three-week peak established last Friday.
The benchmark 10-year US government bond yield remains steadfast above the 4.0% threshold, reflecting diminished expectations for a more aggressive policy easing by the Federal Reserve (Fed). This favorable environment acts as a tailwind for the Greenback, consequently bolstering the USD/CAD pair.
In our technical forecast, we maintain a bearish outlook, anticipating the ongoing bearish momentum to persist as the pair navigates the complexities of the market landscape.
Our preference
Short positions below 1.3530 with targets at 1.3300 & 1.3200 in extension.
SELL USDCAD FROM RESISTANCE ZONE !!!HELLO TRADERS !!!
As i can see this pair USDCAD formed a double top pattern after a test of a solid horizontal
resistance on an hourly time frame.
I expect a retracement till design Tps
Friends its just an trade idea kindly share ur thoughts with us in comment sessions
USDCAD - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here I think we have a good short opportunity from premium zone if price continues to go higher to fill the imbalance and then to react from institutional big figure 1.35000.
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