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Usdcadidea

USDCAD STILL HOLDING SHORTS UPDATE!Firstly I apologies for my voice I'm currently trying not to lose it LOL, anyway I've still got my short trade open but moving stops to breakeven, we seen price get a bit choppy Friday and I do expect weakness from the dollar... so a sell off or push down on USDCAD I feel is coming, the hard part is getting the best position with the lest risk. Ill monitor price at the start of the week and if I get stopped at break even I will start to map out next short areas.
Short
by jamison_fx
12
UsdCad- Great R:R medium term tradeUndoubtedly, since mid-March, CAD has dominated the market, and with USD has strengthened more than 2500 pips, reaching a local low at 1.2 at the end of May. A first leg of correction has followed and a new drop after this. However, this new drop has found bids in 1.23 zone and we have 2 Doji candles on our weekly chart that can signal a higher low is in place. I expect a new leg up from UsdCad and the price could reach and test 1.3 resistance. Such trade can have a 1:5 risk to reward ratio and is negated with a daily close under the last recent low
Long
by Mihai_Iacob
8
USDCAD is more likely to continue declining and here is whyAfter breaking the support which is now resistance at around 1.24417, bears didn't seem to give up the game. 🔍 Technical expectations: 🔹Probability is high that bears will defend the 1.24417 level which is now acting as resistance. 🔹USDCAD will continue declining, first targeting the 1.22566 level and later down to 1.20576 🔹The decline in USDCAD can also be driven by USD which I expect to get weaker. ❗️Take note: Do not take my idea as a general advice or signal and act upon it without your own analysis. I encourage you to follow me that when I post new updates you get informed of this. Please support this idea with a like and feel free to share your thoughts and opinions in the comment section below👍 Many wishes and trade smart!
Short
by Forexintelligence_NA
#USDCAD SELL OPPORTUNITY LONG TERMIf price fail to come higher than 1H EMA and also rejected from this area which is our static Resistance zone and manage to come lower than 1.26268 means short term bullish corrective move has ended and price can start another drop to 1.25630 and after that because of higher time frame bearish move can also see lower prices. price at the moment is sitting on 1H & 4H EMA and also we can see bearish divergence which all suggest its a good area for looking to short this pair. But we should remember if price goes higher than 1.26555 this analysis has failed and our short term trend has confirmed to be bullish.
Short
by mohemati
USDCAD BUYPrice retested flip zone, trend-line and Level 1.27000 I'll be looking for buys on level 1.27500 Reasoning: - Overall Trend is still bullish, however we've seen a little rejection around level 1.28000-1.29000 (Watch out for signs of a reversal) - Price broke and retested level 1.27000 & Price flip zone (Blue) - Price respected trend-line - USD has shown considerable strength as the FEDs are looking slightly Hawkish from yesterday's FOMC meeting. However, beware as sentiment about this is highly mixed Entry: Aggressive = Bullish push from level 1.27500 Conservative = Break and retest of counter-trend line (Red) WAIT TILL OPPORTUNITIES PERSISTS, NO CONFIRMATION = NO TRADE Take Profits would be placed at previous highs. *If Price rejects on 1.28000, Get out of the trade
Long
by NoahXBorg
USDCAD TrendThe loonie-dollar pair had risen to its highest level in a month the day before, as the US dollar's safe-haven demand was bolstered by a broad risk-off mindset. Concerns about the upcoming federal elections in Canada, as well as low prices for Ontario's principal export, oil, ran parallel. It should be mentioned that rumors that a senior US Senator, Joe Manchin, has pushed out President Joe Biden's $3.0 trillion stimulus negotiations to2022, combined with uncertainties about the debt limit increase, have added to the risk appetite's downside pressure. Janet Yellen, the US Treasury Secretary, has called for another extension of the limitations. Moving forward, early election results and risk catalysts are likely to remain the focus, but second-tier housing data from the United States may potentially entice USD/CAD traders.
Short
by meelbijendra
usdcad 15.09.21from our previous usdcad has been in a bullish trend and price has already made a lower wick which created reversal peak formation. this could push price higher to give us a weekly wickfill, that's our target but price can also push higher than that since last week closed bullish. price made a reversal peak formation, gave us an impulse, retraced, and made a railroad candlestick formation which has provided us with a low that price has retested and is rejecting from. if price can close above 1.2700 successfully, that can push price higher to our target
Long
by fxqueen98
usdcad 07.09.21of course usdcad swing setup is still bearish, however for now we have a good counter-trend trade. price made a peak formation at the bottom with a w setup and retraced for the retest and confirmed the rejection with another w setup. if you have not entered yet, you can wait to aim for a retest however you can also wait for price to make a strong push and close above 1.25660. for there you can watch out for a retest or for some willing to take the risk might just enter there.
Long
by fxqueen98