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Usdcadforecast

USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS- The EXISTING HOME SALES DATA for USD is due out today. CPI DATA for CAD will also be released. It's a very HIGH IMPACT NEWS. So USDCAD VOLATILE can be for this reason. - DXY currently stands at 100.738 LEVEL. USD has become STRONG in the last few days. Yesterday BUILDING PERMITS DATA caused USD STRONG. Also, the CAD FEATURE is slightly up to 0.7943 LEVEL. However, CAD is becoming STRONG relative to DXY due to OIL UP. But today's CAD CPI DATA will definitely move the USDCAD PRICE to DYNAMIC S / R LEVELS. - Currently the SENTIMENT of the OVERALL MARKET is being POSITIVE. Yesterday a RISK ON TONE was PLAY. STOCKS Somewhat showing a NEUTRAL BIAS at the moment. And VOLATILITY is DOWN. Also COMMODITIES still shows a DOWN SIDE BIAS. There is a NEUTRAL BIAS currently on the market. It's a bit more than the UP SIDE BIAS. We can not say for sure whether the MARKET SENTIMENT is UP or DOWN. But according to the data we have received so far we can say that MARKETS RISK is turning ON. - OIL PRICE is currently down a bit. It will inevitably affect CAD. But TECHNICALLY USDCAD can go to the SELL a bit faster in the next few days because a SUPPORT has a PRICE and RISK ON. - USDCAD PRICE can be DOWN to 1.2526 LEVEL before UP. Then the USDCAD PRICE can be UP again up to 1.2685 LEVEL. The USD may be slightly WEAK in the coming days due to the MARKET SENTIMENT. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD.
by benny_marshall
USDCAD SHORTS 📉📉📉Expecting bearish price action on USDCAD as price rejectes a bearish orderblock H4 area filling on it's way the bearish imbalance. We are in a bearish market structure from a HTF(higher time frame) premise and we should go lower from there, another bearish confluence is that price made the shift in strucutre from bullish into bearish (bos - break of structure area) price moved below the last low and retraced lower then the last high. What do you think ? Comment below..
Short
by AnonimFXRO
USDCAD | Still Uptrend | Might get a Retracement.When it comes to the technical analysis of USDCAD, it is still in uptrend and likely to get at least 250 Pips to the upside. However, based on the current scenario, there is a good chance price might try to get a pull back before it move to the upside; which could be approximately 150 pips and it is a good short opportunity as well. But I don't recommend you to trade against the trend. If you are planning to go short, better place the stop above the R1. And also, if price breaks the below demand area don't go long. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. If you find this technical analysis useful, please like & share our ideas with the community. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by Maxproftrade
1
USDCAD LONG - Buy Entry - H4 ChartUSDCAD LONG - Buy Entry - H4 Chart Buy @ Market Symbol: USDCAD Timeframe: H4 Type: BUY Entry Price: Buy @ Market Resistance @ 1.29249 Resistance @ 1.28011 Resistance @ 1.26499 Pivot Point Yearly @ 1.25382 Support @ 1.25215 Support @ 1.24575 ✅ If you liked this analysis, please consider Following and giving it a Thumbs Up 👍 ✅ If you have any feedback or questions, please leave a comment below as I answer each comment 💬 ✅ Wishing you enjoyable successful trading 🙏
ULong
by UnknownUnicorn35780991
USDCAD might fall all the way down to 1.23!Hello traders, I just spotted a high probability setup on USDCAD. The pair was in a HTF triangle and this triangle was broken to the bottom. We saw price rising back and retested the broken diagonal support and we see price falling very rapidly. 1.266 is also a a confluence of the broken rising trendline and the horizontal level. Bulls will have difficulty taking price higher beyond these levels. We will be considering shorting the pair. Please support this idea with likes if you find it beneficial. I'll be glad.
Short
by Forexintelligence_NA
1
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS- PPI DATA for USD is due out today. Reports and data on the CORE PPI, as well as the 10Y BOND AUCTION, will be released today. Also FOMC BRAINARD has a SPEAK today. - DXY currently stands at 100.32 LEVEL. USD has become STRONG in the last few days. After FOMC and LABOR DATA, USD received a slight POSITIVE SENTIMENT. Also, the CAD FEATURE is down to 0.7924 LEVEL. However, CAD is becoming WEAK relative to DXY due to being OIL DOWN. The USDCAD PRICE looks like it's moving towards DYNAMIC S / R LEVELS. - Currently the SENTIMENT of the OVERALL MARKET is being POSITIVE. Until yesterday the MARKET RISK was OFF. STOCKS DOWN DOWN until yesterday. Also, the EQUITIES are turning somewhat GREEN but the VOLATILITY is going down. Also COMMODITIES still shows a UP SIDE BIAS. There is a NEUTRAL BIAS currently on the market. It's a bit more than the DOWN SIDE BIAS. We can not say for sure whether the MARKET SENTIMENT is UP or DOWN. But according to the data we have received so far we can say that MARKETS RISK is turning ON. - OIL PRICE is currently down a bit. It will inevitably affect CAD. But the TECHNICALLY USDCAD can go to the SELL a bit faster in the next few days because a RESISTANCE has a PRICE and is RISK ON. - USDCAD PRICE can be UP to 1.2685 LEVEL before DOWN. Then the USDCAD PRICE can be down again up to 1.2415 LEVEL. The USD may be slightly WEAK in the coming days due to the MARKET SENTIMENT. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD.
by benny_marshall