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Forex-usdcad

USD/CAD (The slide on Oil can bring this pair UP)View On USD/CAD (17 Oct 2019) As the oil slide, USD/CAD (or xxx/CAD) pairs can have some bullish rebound. DO think twice before enter any short on these pairs at the moment. 1.315 shall a decent/strong support and 1.33 and 1.335 will be good resistant. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
by SonicDeejay
USD/CAD Technical Analysis 10/1/2019 - ShortUSD/CAD 10/1/2019. This pair has been consolidating and moving slowly for quite some time now and has failed to break above 1.33000 after almost 2 weeks of attempts. Larger time frames are showing more bearish direction ahead, however there are multiple upward trend lines that we will run into if price continues to fall. On the daily chart, price has finally broken and closed below the 1.3350 support level that has held since September 16th. I have entered into a short position with stops placed above the 1.33000 level and a price target of 1.31500. Price rejected the 61.8 fib level this morning at the same time negative US manufacturing news came out. We are now closed and trading below the 50 and 200 day MA on the daily. However, the 200 day seems to be holding price on the weekly. Risk reward 1.24. I am expecting a retest of the 1.32350 level and will be looking to see if it will act as resistance.
Short
by LemkeCapital
USDCAD SELL!!!! OR BUY!!!!!Knowledge & Profits OK Here we go again. These trades are all trades that i'm placing as well ok so i'm confident with these set ups ! BIAS: BEARISH WHY: Prices has failed to push above 1.32500 and close significantly above. We are trend traders and this seems to be the beginning of a new bearish trend. After 7 days of rejection we are finally seeing a a strong push back into the downside below 1.32500 . The wicks to the upside is our clue that price wont go higher. The probability here seems to be more in the favor that we're in a bearish market and you should be hitting the SELL button now buy. Remember although my charts have huge take profit levels - Price usually never drops right away - it moves in waves and sometimes it can turn around, consolidated and take weeks to get there. Also remember to check for any upcoming news events for USD because it will effect price in a negative or positive.
Short
by KnowledgeAndProfits
2
USDCAD Easy Long Easy Life BabyHELLO TRADERS, Refer to my older post to see the bigger picture. Now we completed first part of the move and then we finished running correction. Expecting the move to continue to 1.338 / 1.340 range. Therefore, we have a nice setup here. Trade Setup: SO - 1.32968 TP - 1.33992 SL - 1.32240 Check out some of my other ideas posted under 'related ideas' down below. Don’t forget to like & follow. I will be posting forecasts & trade setups on a regular basis! THANK YOU & GOOD LUCK!!
Long
by UnknownUnicorn852976