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Canadian Dollar / U.S. Dollar

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CADUSD trade ideas

USDCAD Technical Analysis! BUY! My dear subscribers, This is my opinion on the USDCAD next move: The instrument tests an important psychological level 1.3905 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.3914 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
USD/CAD To Turn? Short Side CaseUSD strength has persisted post strong economic data. FED rate cut bets have dropped opening up the door to rises, in comparison with the BOC cycle (quicker easing). Growth looking to have flatlined in Canada also not helping. Looking for follow through on any price rejection. Technical case for shorts has been around for 2 years or so and these areas have been sustainable. Clear long side profit taking. Short side bias taken as Market awaits sentiment. Potential Post NFP.
by WillSebastian
1
USDCAD -Bearish ReversalUSD/CAD is poised for potential bearish movement. A critical level to monitor is the previous higher low; a break below this level would confirm a bearish reversal. Additionally, the presence of divergence on the chart, coupled with a break of the trendline, reinforces the bearish outlook. This suggests that the bullish momentum may be weakening, opening the door for sellers. Traders should keep an eye on these key levels for potential trading opportunities.
Short
by gulraizali90