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USDCAD.1.CSM trade ideas

USDCAD BUY | Idea Trading AnalysisUSDCAD is moving UP The chart broke through the dynamic resistance, which now acts as support. We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity USDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Long
by TheGrove
11
USDCAD, Breakout and follow throughUSDCAD / 1D Hello Traders, welcome back to another market breakdown. The market shows strong bullish momentum, breaking through key resistance levels and signaling a potential continuation to the upside. However, The price is rejecting the Previous all-time high. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the breakout zone for a more strategic entry. If the pullback holds and buying confirms, the next leg higher could target: First Resistance: Immediate levels formed during prior consolidation. Stay disciplined, wait for the market to come to you, and trade with confidence! Trade safely, Trader Leo.
Long
by BTM-LEO
7
Daily CLS, HTF FVG, Model 1Daily CLS, HTF FVG, Model 1 you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Short
by Dave-Hunter
3
USDCAD, Breakout or fake fakeout? USDCAD / 1D Hello Traders, welcome back to another market breakdown. The market shows strong bullish momentum, breaking through key resistance levels and signaling a potential continuation to the upside. However, The price is rejecting the Previous all-time high. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the breakout zone for a more strategic entry. If the pullback holds and buying confirms, the next leg higher could target: First Resistance: Immediate levels formed during prior consolidation. Stay disciplined, wait for the market to come to you, and trade with confidence! Trade safely, Trader Leo.
Long
by BTM-LEO
10
USDCAD - Reversal Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈As per our last USDCAD analysis (attached on the chart), it rejected the lower bound of the wedge pattern and traded higher. As USDCAD approaches the upper bound of the wedge, as marked by the red circle, I will be looking for bearish reversal setups to confirm the bearish correction. For now, we wait!⏱️ 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1
USDCAD - Long after filling the imbalances !!Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. My point of interest is if price fills the imbalance lower and then rejects from bullish OB. Fundamental news: On Tuesday (GMT+2) we will see results of CPI on CAD and on Wednesday Interest Rate on USD, followed by FOMC Conference. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
USD/CAD 4hr Timeframe AnalysisUSD/CAD 4hr Timeframe Analysis Trend Analysis: In the 4H timeframe, USD/CAD is in a strong uptrend, creating higher highs and lows. The price has broken through two minor key resistance levels, demonstrating its bullish momentum. Key Observations: The price has retested the previous resistance level, which has now become a minor support zone. After retesting, the price moved up again, creating a new high and starting to accumulate buy orders above the highest key resistance level at 1.41600. The price has now entered the manipulation stage, where it is likely to attract more buyers and create a liquidity zone. Price Action Expectation: Our objective is to wait for the price to return to the key resistance level and break out again. We expect the price to continue its upward momentum and reach new highs. Trade Setup: Buy Stop Entry: 1.41660 (above the highest key resistance level) Stop Loss: 1.41320 (below the liquidity zone) Take Profit: 1.42680 (next minor key resistance) Fundamental Analysis The broader market sentiment remains on balance after the US CPI inflation figures matched market expectations on Wednesday. The US Consumer Price Index (CPI) rose to 2.7% year-over-year in November from 2.6% in October, meeting market expectations. The headline CPI reported a 0.3% reading MoM, in line with the market consensus. Meanwhile, the core CPI, excluding volatile food and energy prices, climbed 3.3% YoY, while the core CPI increased 0.3% MoM in November, as expected.
Long
by RebornFXTrader
4
USDCAD H1 ANALYSISUSD/CAD: Bullish Momentum Fades, Downward Correction Expected The USD/CAD pair is currently trading near 1.4280, but its upward momentum is losing steam. Following softer Canadian inflation data and robust US Retail Sales, the pair appears poised for a downward correction. Key Points: - Weaker Canadian inflation data fuels expectations for additional BoC rate cuts. - Strong US Retail Sales data bolsters the US dollar. - Markets eagerly await the crucial Federal Reserve policy meeting for further guidance. - Potential correction targets: 1.4200, 1.4050 Best Wishes Tom 😎
Short
by Tom_Trades_670
Market Analysis: USD/CAD Builds on GainsMarket Analysis: USD/CAD Builds on Gains USD/CAD is rising and might aim for more gains above the 1.4245 resistance. Important Takeaways for USD/CAD Analysis Today - USD/CAD is showing positive signs above the 1.4200 support zone. - There is a contracting triangle forming with resistance at 1.4245 on the hourly chart at FXOpen. USD/CAD Technical Analysis On the hourly chart of USD/CAD at FXOpen, the pair formed a strong support base above the 1.4100 level. The US Dollar started a fresh increase above the 1.4165 resistance against the Canadian Dollar. The bulls pushed the pair above the 1.4200 and 1.4215 levels. The pair cleared the 50-hour simple moving average and climbed above 1.4240. A high was formed at 1.4245 and the pair recently corrected some gains. There was a move toward the 23.6% Fib retracement level of the upward move from the 1.4119 swing low to the 1.4245 high. Initial support is near the 1.4215 level. The next major support is near the 1.4195 level. The main support sits near the 1.4165 zone on the same USD/CAD chart. It is close to the 61.8% Fib retracement level of the upward move from the 1.4119 swing low to the 1.4245 high. A downside break below the 1.4165 level could push the pair further lower. The next major support is near the 1.4120 support zone, below which the pair might visit 1.4050. If there is another increase, the pair might face resistance near the 1.4245 level. A clear upside break above 1.4245 could start another steady increase. The next major resistance is the 1.4320 level. A close above the 1.4320 level might send the pair toward the 1.4365 level. Any more gains could open the doors for a test of the 1.4420 level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
USD/CAD Sell - 15 minsTrading Idea: USD/CAD Sell Setup Trade Overview: Entry Zone: Near 1.42500 Take Profit (TP): 1.42100 (Key Support Zone) Stop Loss (SL): 1.42738 (Above Resistance) Risk-to-Reward Ratio: ~2.5:1 Technical Analysis: Head and Shoulders Pattern: The chart highlights a clear Head and Shoulders reversal pattern, with the right shoulder forming near the 1.42500 resistance zone. This is a strong bearish signal, indicating a potential shift in momentum to the downside. Rising Wedge Breakout: Price is showing signs of breaking down from a Rising Wedge, a bearish continuation pattern. Bearish candlesticks indicate selling pressure building near the resistance. Key Resistance Zone: The 1.42500–1.42700 area has acted as a strong ceiling for price, resulting in multiple rejections. Sellers have shown dominance at this level, reinforcing the bearish bias. Target Support: The TP at 1.42100 aligns with a prior support level and demand zone, making it a logical target for the move.
Short
by tamrobert20
FOMC rate meeting is unlikely to deter USDCAD buyersIn October 2024, USDCAD triggered a complex inverse head-and-shoulders pattern forming for 747 days. This pattern suggests a potential move of 777 pips to the upside, with the pair still roughly 375 pips away from the 1.4672 target. In the short term, if the price dips but holds above last Thursday's low of 1.4130, buyers will likely step in and push the price higher. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Long
by ThinkMarkets
USD/CAD H1 | Potential bullish bounceUSD/CAD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.4209 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 1.4171 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at 1.4285 which is a level that aligns with the 61.8% Fibonacci projection 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 (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.
Long
by FXCM
USDCAD Bulls Eye 1.4140 Amid Momentum ShiftHello Traders, Take a moment to read my outlook on USDCAD, and share your thoughts Overview USDCAD is currently trading at 1.40623, showing bullish trends on both the H4 and H1 timeframes. However, the bullish momentum on the H4 appears to be weakening, suggesting the uptrend may be nearing a potential reversal zone. Market sentiment remains bullish, supported by increased volatility, but momentum on the H1 timeframe has noticeably decreased, signaling reduced upward strength. Idea The pair is expected to continue its rise toward the 1.4140 price region, a key resistance level with the potential to halt further upward movement and trigger a bearish reversal. Price action is currently rejecting off the H1 order block, which could act as a short-term support level. I will monitor the 1.39797 level closely, as a break below this support would invalidate the bullish outlook, signaling a potential shift in market structure. Conversely, a sustained move above the 1.4140 resistance would indicate renewed bullish momentum and the possibility of further gains. Conclusion This outlook suggests further upside potential toward 1.4140 which is about 80pips move. However, a clear break below 1.39797 would invalidate this idea, and could provide opportunities for short positions. Cheers and happy trading!
Long
by Samuel124
1
USD/CAD Riding the Ascending ChannelChart Analysis: The USD/CAD pair continues to trade within a well-defined ascending channel (blue-shaded area), reflecting sustained bullish momentum. 1️⃣ Ascending Channel: The pair is trading near the upper boundary of the channel, indicating strong upward momentum. Traders may watch for reactions at this level for potential continuation or minor pullbacks to the channel’s midline or lower boundary. 2️⃣ Key Resistance Level: The horizontal level at 1.3977 (pink line) represents a significant historical resistance area. A sustained breakout above this level has reinforced the bullish outlook. 3️⃣ Moving Averages: 50-day SMA (blue): Rising and acting as dynamic support near 1.3952. 200-day SMA (red): Sloping upward around 1.3723, confirming a longer-term bullish trend. 4️⃣ Momentum Indicators: RSI: Hovering near 71, reflecting strong momentum but also signaling overbought conditions. MACD: Bullish momentum remains intact as the MACD line stays above zero and trends upward. What to Watch: Price reaction at the upper channel boundary for signs of continuation or a corrective pullback. Any retracement towards the 50-day SMA or channel’s lower trendline could be closely monitored. RSI may warrant attention for any potential bearish divergence if momentum weakens. USD/CAD remains firmly within a bullish structure, supported by rising moving averages and strong momentum. The ascending channel provides a clear technical framework to follow. -MW
by FOREXcom