Get started

Usdcadshort

USDCAD | LT Short D1 | Oil to power CAD StrengthPair: FX:USDCAD Timeframe: D1 - Long Term (LT) Direction: Short Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames - Price action is at the top-end resistance of a parallel channel - Horizontal trendline looks like a supply zone across few periods - Aiming for the 32.8% Fibo Retracement with 23.6% as the TP 1 level Fundamental Confluences for Trade: - A strong oil story from ongoing geopolitical risks is a strong story for CAD's economy to remain their hold on interest rates while US's reflation story has been priced in by markets - Risk is further war escalation from the Israel-Iran tension which continue the rush to safe-havens like USD or JPY. Suggested Trade: Entry @ Area of Interest 1.3750 - 1.3850 SL @ 1.3898 TP 1 @ 1.3640 (TP Half-Position & move SL to Entry level for B/Even once TP1 is achieved) TP 2 @ 1.3567 Risk-to-Reward @ Approx. 2.08 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
Short
by weekendanalyst
8
Sell USDCAD Head & Shoulder PatternUSD/CAD H1 Chart - Potential Short Entry Based on Head and Shoulders Pattern The USD/CAD H1 chart might be presenting a shorting opportunity based on a possible Head and Shoulders pattern. Pattern: Head and Shoulders (Bearish Reversal) Description: This pattern consists of three peaks: a left shoulder, a higher middle peak (head), and a right shoulder that is lower than the head. A neckline is drawn connecting the swing lows before the left shoulder and the right shoulder. If the price dips below the neckline (support level), it could signal a potential sell entry. Profit Targets: Potential profit targets can be based on the height of the head (measured from the head to the neckline) projected downwards from the breakdown point. Technical indicators can also be used for profit targets. Thank you.
Short
by KABHI_TA_TRADING
12
usdcad chartUSD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will give you the edge to conduct thorough fundamental and technical analysis to trade this popular currency pair. usdcad confirm signal
Short
by Mark804
usdcad buy USD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will give you the edge to conduct thorough fundamental and technical analysis to trade this popular currency pair. confirm usdcad signal
Short
by Mark804
USD/CAD Sell Trade Analysis: Exploring Short OpportunitiesThe USD/CAD currency pair presents an intriguing opportunity for a sell trade, with technical indicators suggesting a potential downward movement in price. Technical Analysis: Resistance Level: The pair is currently approaching a significant resistance level, which has historically acted as a barrier to further upside movement. This resistance level indicates a potential area for initiating a sell trade. Trade Recommendation: Entry: Consider entering a short position as the price approaches the resistance level, ideally after confirmation of bearish price action such as a bearish engulfing candlestick pattern or a rejection from the resistance level. Stop Loss: Place a stop loss above the resistance level to manage risk in case of a breakout. Target: The initial target could be set at a support level or a previous swing low, with potential for further downside if the bearish momentum strengthens. Disclaimer: Trading forex involves substantial risk of loss and is not suitable for all investors. The analysis provided here is for informational purposes only and should not be construed as investment advice or a recommendation to trade. Always perform your own due diligence and consult with a qualified financial advisor before making any investment decisions. Past performance is not necessarily indicative of future results. Trading carries risks, and it's essential to only trade with capital you can afford to lose.
Short
by Maven_Trader24
usdcad chartThe USD/CAD tells the trader how many Canadian dollars (the quote currency) are needed to purchase one U.S. dollar (the base currency). This currency pair is known as the "Loonie", a nickname derived from the picture of a loon, a distinctive bird which appears on one side of Canada's gold-coloured, one Dollar coin. In Canada, the organizations and people that affect the most the moves of the USD/CAD pair are: USD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will give you the edge to conduct thorough fundamental and technical analysis to trade this popular currency pair.
Short
by Mark804
Will The Loonie SELL OFF Again, Or Break Up to 1.40??The Loonie has been hovering between 1.31 and 1.39 for the past two years, and we're quickly approaching the upper boundary of this weekly range. Will there be another sell-off? Let's dive into what the price charts reveal. We're riding a 17-week uptrend on the weekly chart, with last week's candle showing an especially bullish move—over 200 pips—pushing us near the top of the range. Historically, the final push to the range's peak tends to be the most bullish, as shown in the chart below. This pattern suggests that it might be a good time to consider selling once the right signal appears. On the daily chart, we see a similar pattern: the last leg up to the range top is usually the most significant. Below is the sell zone chart, indicating where I plan to look for sell signals between 1.38 and 1.39 using my TRFX indicator. I anticipate that the market will reach this sell zone in the next few days. Then, I'll wait for a sell signal on the 4-hour charts or higher. The target for this trade is the bottom of the range at 1.31. Based on past patterns, the price should drop to this level fairly quickly. This trade idea would be void if there's a clear break and a weekly close above 1.39. If that happens, expect a move up to the significant monthly SUPPLY/SELL zone starting at 1.40. Would love to hear your thoughts in the comments below
Short
by TheFxAce
10
USDCAD I Correction of recent bullish impulse in progressWelcome back! Let me know your thoughts in the comments! ** USDCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
USD/ CAD !! DOWN correction wave ! 11/4/24 ⭐️ Smart investment, Strong finance ⭐️ USD/CAD INFORMATION: The USD/CAD pair consolidates gains above 1.3650 in Asian trading hours, supported by stronger-than-expected US inflation. The Greenback reached a yearly high of 105.30. Investors are watching for cues from the US Producer Price Index (PPI) later today, with estimates of a 2.2% YoY increase in the headline PPI and a 2.3% YoY increase in the Core PPI. The Bank of Canada (BoC) kept its key interest rate at 5% for the sixth consecutive time since July. BoC Governor Tiff Macklem stated that while recent inflation progress is encouraging, he needs more evidence before considering rate cuts. He also mentioned the possibility of an interest rate cut in June. ⭐️ Personal comments NOVA: After a strong increase in price, the price needs an adjustment - a down wave to create liquidity and wait for the next motivational news. ⭐️ SET UP PRICE: 🔥SELL USD/ CAD zone: 1.36800 - 1.36950 SL 1.37400 TP1: 1.36500 TP2: 1.36100 TP3: 1.35800 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
3
USD CAD chartUSD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will give you the edge to conduct thorough fundamental and technical analysis to trade this popular currency pair. confirm signal
Short
by Mark804
USDCAD SELL | Idea Trading AnalysisHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
2
Sell USDCAD Channel BreakoutThe USD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours. Key Points: Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 1.3580. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 1.3530: This represents the first level of support within the channel. 1.3511: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.3590. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you
Short
by KABHI_TA_TRADING
19
SELL TRADE SETUP ON USDCADHey Traders, Check out this technical analysis on USDCAD; it appears to be undergoing a small pullback, potentially indicating a rejection from the previous resistance area. provided that the resistance are is broken then we can assume for the continuation of the bullish momentum However, I would recommend waiting for a proper retest of the broken key level before considering a buy-trade entry. Alternatively, there may be an opportunity for a sell trade if the market breaches the evident support area. Keep a close eye on this.
Short
by Adefxc
Sell USDCAD - H1 Ascending TriangleUSD/CAD H1: Ascending Triangle Hints at Potential Downturn, Shorting Opportunity Emerges! The USD/CAD pair on the H1 timeframe presents a potential selling opportunity due to the presence of a well-defined ascending triangle pattern. While ascending triangles can be continuation patterns, a breakdown from this pattern, especially on higher timeframes like H1, suggests a higher likelihood of a trend reversal towards the downside. Key Points: Sell Entry: Consider entering a short position below (ideally around 1.3600). This offers an entry point close to the perceived shift in momentum. Target Levels: The initial bearish target lies at 1.3460. Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line (rising trendline) of the triangle, ideally around 1.3630. Thank you.
Short
by KABHI_TA_TRADING
9
Wyckoff Higher Timeframe Distribution Schematic 12M/6M timeframe is a possible distribution Schematic that I think is currently in phase B. Phase C,D and E are yet to form. We shouldn't trade a distribution schematic till phase E but if a distribution Schematic 1 forms then we can trade phase C once a UTAD has been created(still risky and should wait for phase E as this is a more conservative approach). If no UTAD then wait for phase E as you would have had more confirmation and without this you would be guessing the top.
Short
by DTalcob
USDCAD - SELL SIGNALShort-term price action is leaning negative for the USD after spot peaked a little below 1.3615, close to where the USD has topped out a number of times since late February. Price action is bearish (an "evening star" candle pattern formed on the chart since late Friday) which should mean some corrective drift lower in in funds in the near term towards 1.3535/1.3555. The low 1.3600 zone continues to look pretty solid resistance for the USD. Guys, what do you think? Leave a comment with your thoughts.
Short
by tradingconmike
4