USDCAD - DOUBLE BOTTOM 🚀Hello Traders ! On Wednesday 15 May, The USDCAD Reached a Strong Support Level (1.35898 - 1.36168) and Failed to Break it. The Price Formed a Double Bottom Pattern. At The Moment, The Neckline is Broken! So, I Predict a Bullish Move📈 --------------- TARGET: 1.36780🎯Longby Hsan_BenhmedUpdated 131321
USDCAD: Weak DXY and Potential DownsidesHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.37000 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.37000 support and resistance area. Trade safe, Joe.Shortby JoeChampion5523
USD/CAD Buy Signal: Enter at Strong Support for Potential GainsWe look to Buy at 1.36. This setup is based on the strong support at 1.36 and confirmation through a break above 1.365, indicating bullish momentum. Risk/Reward would be poor to call a buy from current levels without further confirmation. The measured move target is 1.369, which aligns with the 38.2% Fibonacci retracement level, often acting as a resistance point in corrective moves.Longby EleazarahmathUpdated 111113
USDCAD: One More Bearish ConfirmationThe USDCAD formed a rising wedge pattern following a breakout of a significant horizontal support level. After a retest of the broken structure, the price rebounded strongly, breaking through the support of the wedge. It is likely that the pair will continue to decline, with potential targets at 1.3586 and 1.3559.Shortby linofx1339
USDCAD: Important Bullish BreakoutUSDCAD successfully broke through the neckline of an ascending triangle pattern on a 4-hour chart and closed above it. This signals the strength of buyers and suggests a potential return to an overall bullish trend in the market. The next target for buyers is 1.3686.Longby linofx13318
USDCAD : Short Trade , 4hHello traders, we want to check the USDCAD chart. The price is moving in a descending channel and has pulled back to the ceiling of the channel and the specified key level. We expect the price to maintain its downward trend and the price will fall to around 1.36000. Good luck.Shortby mrAT_Trader554
USD/CAD buys?On the weekly price is bullish On the Daily timeframe price is also bullish On the 4H price is currently bearish due to the retracement to the 75% of the Fibonacci. If the DXY goes up so should the USD pairs I’ve got UCAD and UJ buys with EURUSD and GBPUSD sells. Not ideal as I like to be aligned cross all pairs however the technicals and fundamental regarding GU and EU point differently to UJ and Ucad. Longby Dieumercit442
USD---CAD------Bullish Trend is Making before Lower low and lower High and there is Now Divergence Came in trend Now wait Till Trend Break the Previous LH and start the New Trend one Hour Candle must be above then Lower and 20ema should be below than this Candle Longby ali110022210
USDCAD BULLISHUSDCAD brokeout of the falling wedge which is a reversal pattern. Currently halfway profitLongby VolatilityKIngs117
Monetary policy divergence increases in favor of the CAD By examining the trend in the four-hour time frame, USDCAD has the resistance of the NECK LINE in the range of 1.3656-1.3643, and provided that no close candlestick of the four-hour time period is maintained and not recorded above it, the rate can reach the support of the bottom of the channel in the Fibo range. 161.8% decreased to $1.3515.Shortby arongroups1110
USDCAD - Massive Support 🚀Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDCAD has been overall bullish , trading inside the rising channel in blue. At present, USDCAD is undergoing a correction phase, trading within the short-term falling channel in red, and it is currently approaching the lower bound of the channel. Moreover, it is retesting a strong resistance turned support highlighted in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue/red trendlines. 📚 As per my trading style: As USDCAD approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richby TheSignalyst2220
USDCAD is approaching the downtrendHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.36500 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.36500 support and resistance area. Trade safe, Joe.Shortby JoeChampionUpdated 337
USD/CAD - Entry Model After a double bottom, it made an excellent liquidity rally. It subsequently returns to test a trend line. What does that mean? Liquidity baby! I show you one of my favorite entry patterns.... Keep it Simple! :) If you liked it, don't forget to follow me! Longby DAISTRUM114
USDCAD long expectedUSDCAD can keep moving upward aggressively some correction is expected. we will keep a tight SL.Longby The_Pine_CoderUpdated 115
Lingrid | USDCAD short after FAKEOUT FX:USDCAD has recently broken above the consolidation zone, only to approach the resistance zone. As the market nears the channel border and upward trendline, I expect a potential rejection at this level. The market structure of lower highs and lower lows suggests that the market may not be able to close above this resistance zone. Looking left, the price action has made two impulse moves from this resistance zone before, and I expect a pullback from the zone. Basically it is going to be a liquidity grab above the round number at 1.37000 and bearish move. My goal is the support level around 1.36450 Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻Shortby Lingrid3313
USDCAD Im looking bullish for this pair. Trade with your own risk guysLongby HafizwavetraderUpdated 5511
Crab pattern on USD/CAD-we crab pattern on H4 -channel on 30 min -break out GOOD LUCKLongby amineGann112
USDCAD in Bullish TrendUSDCAD is in bullish trend, the divergence at RSI make the trend reversal and now its printing HH's and HL's, we will enter into the trade after the break of previous HH.Longby matifakbar112
USDCAD swing tradeHere is my analysis for USDCAD, It is creating Lower Low and Lower High in 4 hours Time Frame and it has hit resistance zone on daily Time Frame and started downward movement, i am expecting price to keep on going downward. This is a swing trade, expecting 1:21RR. Shortby HaxzaUpdated 113
USDCAD → Weak dollar. Currency pair in the correction phase FX:USDCAD is declining on the back of a weak dollar index and breaking the support of the descending triangle, which generally allows bears to dominate the market. The price may go down to 0.355 The uptrend is not broken, a correction is forming after a retest of resistance. A descending triangle is forming on the chart as the dollar index is starting to show weakness related to the fundamentals. Most likely, from 1.36328 the price may head towards the trend support from which a rebound may follow with high probability. Resistance levels: 1.36328, 1.37 Support levels: 1.3547 I expect the bearish momentum to continue as the sellers are strong at the moment. The global trend is not broken, the market is developing a correction phase. Regards R. Linda!Shortby RLindaUpdated 6629
USD/CAN 4h TF RejectionI see 4hour trent line broken heavily with little pull back on 30 min time frame as rejection as well. This market is coming down after multiple traits piled on each other also we can see 50 EMA Rejection as well so yesssss it might hit first 50 pips next week ot this afternoon. Traders Happy trading this one will be great!!! I put my EXT. FIB. as Target 1, Target 2,Target 3, Target 4 Shortby boxeo2006881