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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

SELL USDCAD for bullish trend reversal STOP LOSS : 1.41198SELL USDCAD for bullish trend reversal STOP LOSS : 1.41198 Regular Bearish Divergence In case of Regular Bearish Divergence: * The Indicator shows Lower Highs * Actual Market Price shows Higher Highs We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart..... The daily time frame is showing strength of trend reversal from this level resistance so we are looking for the trend reversal and correction push from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Short
by BALE_FX
4
Potential Retest of the 1.45 Level USD/CADDeclining oil prices, a robust dollar, and disparities in interest rates may drive the USD/CAD pair to revisit the 1.45 mark. As a significant oil exporter, Canada's currency is tightly linked to oil prices. A marked decrease in crude oil prices, resulting from easing geopolitical tensions and reduced demand, could devalue the Canadian dollar. In the past month, NYMEX crude oil futures have shown a consistent downward trend, with the COT report indicating that large institutions and hedge funds are pessimistic, increasing their short positions in these futures. As of late November 2024, the Federal Reserve's target range for the federal funds rate is set at 5.25%–5.50%. Meanwhile, the Bank of Canada has cut its overnight rate to 3.75%, with the bank rate at 4.0% and the deposit rate at 3.75%. This results in an interest rate differential of about 1.5% to 1.75% favoring the U.S. dollar, bolstering its strength against the Canadian dollar in the foreign exchange market. The ongoing upward trend in the USD/CAD pair, fueled by these factors, could lead the pair to challenge the critical 1.45 level once again. A x1.5 ATR stop loss from current pivot zone or a drop below 1.35 would invalidate the trade. You can put on a tighter ATR stop loss if trading on daily or 8hr/4hr to improve risk : reward. www.tradingview.com
Long
by Matto0407
1
1-hr USD/CAD: Downward Momentum Could Extend The Death Cross, a classic bearish signal where the 20-day moving average dips below the 60-day moving average, confirms that sellers are in control of USD/CAD. The pair has already declined by 150 pips, with another 100 pips of downside potential if it moves to retest the previous support at 1.3850. Over the past few hours, a 40-pip pullback occurred, but buying momentum appears weak as the price faced resistance near the 23% Fibonacci retracement at 1.3970. Sellers may look for better entry points to maximize profits from the prevailing downward momentum. A potential retest of the 1.3995 zone, corresponding with the 38% Fibonacci retracement level, could provide an ideal selling opportunity, aligning with the broader bearish trend. This setup underscores the likelihood of continued selling pressure, particularly if resistance levels hold and downside targets are revisited.
Short
by Trendsharks
Falling towards the 38.2% Fibonacci support?The Loonie (USD/CAD) is falling towards the pivot and could bounce to the 1st resistance. Pivot: 1.3850 1st Support: 1.3649 1st Resistance: 1.4000 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
USDCAD H1 | Bearish ReversalBased on the H1 chart analysis, we can see that the price is rising toward our sell entry at 1.3972, which is a pullback resistance and a 50% Fibonacci retracement. Our take profit will be at 1.3930, a swing low support level. The stop loss will be at 1.4020, a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
CANADIAN DOLLAR M15 OUTLOOK OUTLOOK : bearish outlook in usdcad but we are trying to find a bearish scenario in market with confirmation , market is at the daily support , so we gonna try for sell opportunity . TECHNICAL ANALYSIS : technically , usdcad in chart we can see RSI indicator shows the fully bearish look in the market , however Bollinger bands shows also bearish trend so trying sell is better. SNR : key support levels for usdcad are at 139350 and 139563 and the resistance levels 140214 . TRADING STRATEGY : based on our analysis , we recommend a short positin in usdcad so be careful this market if wanna make money you have to use your money management and control your emotions , we always trade smarter . BEST WISHES TOM 😎
Short
by Tom_Trades_670