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Usdcadtrading

USDCAD: 1D Death Cross signals more selling.USDCAD is almost oversold on its 1D technical outlook (RSI = 31.307, MACD = -0.005, ADX = 41.498) as it is having one of the strongest red 1D candles of 2025, which is dominated by a Channel Down pattern. The market formed today a 1D Death Cross and since the new bearish wave started on a 1D MA200 rejection, we expect the selling to continue despite the oversold technical condition. Short and aim for a new -3.80% decline TP = 1.35000. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
USDCAD: 4 year Top is in. Brutal selloff started.USDCAD just turned bearish on its 1D technical outlook (RSI = 44.245, MACD = -0.003, ADX = 17.555) and is on the 3rd straight week of losses. This has come after an emphatic rejection on the R1 Zone, where the brutal selloffs of March 2020 and January 2016 started. This shapes up to be a 4 year Cycle and both times it hit the S1 Zone. Consequently targeting 'just' the 0.786 Fibonacci level (TP = 1.26000) seems like a conservative target. The sell trigger for those who want a confirmed signal will be a crossing of the 1M RSI under its MA. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
USDCAD: Massive selling until the end of the year.USDCAD is neutral on its 1D technical outlook (RSI = 54.383, MACD = -0.003, ADX = 20.940) as it found support on the 1D MA100 and rebounded. We do believe howere that this bounce will be short lived as the pair hit the 9year resistance early this month and got heavily rejected. The first targets are the 1W MA50 and 1W MA100. We do expect it to hit the 0.786 Fibonacci (TP = 1.2600) by the end of the year as both prior highs on R1 aggressively declined to hit at least the 0.786 Fib. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
5
USDCAD: Channel Up negated. Bearish reversal started.USDCAD is marginally bullish on its 1D technical outlook (RSI = 56.879, MACD = 0.003, ADX = 32.215) as it is still being supported by the 1D MA50, but since January 20th, it crossed under the 4 month Channel Up and today it retested it from below and is so far failing. This is an early signal that the medium term trend has shifted to bearish. We are short, targeting the 1D MA200 near the S2 level (TP = 1.39650). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
USDCAD: Excellent short term buy opportunity.USDCAD is heavily bullish on its 1D technical outlook (RSI = 67.681, MACD = 0.007, ADX = 22.105) as it trades inside a Channel Up, supported by the 4H MA50. The 4H MACD is forming a Bullish Cross and in the past 2 months this has been a strong bullish signal. In line with the previous bullish waves, we are aiming for a +2.60% rise from the bottom (TP = 1.42850). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
USDCAD: Rejection expected on the 2 year Resistance Zone.USDCAD is bullish on the 1W timeframe (RSI = 60.180, MACD = 0.003, ADX = 23.071) and turned overbought on its 1D technical outlook (RSI = 69.243). This is taking place while the price is just underneath the 2 year R1 Zone, which has rejected the price 5 times already. The 1D RSI is also about to enter its R1 Zone. We expect another rejection towards the S1 level (TP = 1.34500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
USDCAD Strong sell following today's rejection.USDCAD is neutral on its 1D technical outlook (RSI = 50.081, MACD = 0.001, ADX = 32.778) as it formed a Lower High yesterday and today got sold aggressively. This is a Channel Down since the April 16th High, which having broken under the 1D MA50, has confirmed the continuation of the bearish price action. We expect the 1D RSI to at least hit the 30.000 level, as every rejection on the R1 Zone, saw the pair reach at least the 0.618 Fibonacci level. We are bearish, aiming at that level (TP = 1.34350). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
USDCAD: Short term buyUSDCAD is almost neutral on its 1D technical outlook (RSI = 55.021, MACD = 0.001, ADX = 15.874) as the price has been mostly ranging within the 0.5 - 0.618 Fibonacci zone for the past two months. The 1D MA50 held and the push crossed over the 1D MA100 again, so on the short term we expect a HH on the 0.382 Fibonacci (TP = 1.36400). After that test, the price action since October 2022 (which is sideways) shows that most likely a pullback under the 0.618 Fib is to be expected. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
USDCAD: Buy signal on a very consistent long term pattern.USDCAD is marginally bullish on the 1D technical outlook (RSI = 57.352, MACD = 0.001, ADX = 48.167) as it crossed over the 1D MA50 and is testing the 1D MA100 as Resistance. The key level is the 0.5 Fibonacci line, if crossed, we will buy and target the 0.382 Fibonacci (TP = 1.36400). The next buy will be on the 0.618 Fibonacci level targeting the bottom of the R1 Zone. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
USDCAD: Sharp sell towards the annual low.USDCAD is being rejected on the 1D MA100, having turned bearish when ir crossed under the 1D MA50 on November 24th. The 1D technical outlook is naturally bearish (RSI = 40.749, MACD = -0.004, ADX = 31.294) giving us the ideal sell opportunity for an additional short, that will aim this time for a -4.00% decline from the top (TP = 1.33500). The 1D RSI is on a perfect symmetry with the April 10th rejection point. See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
USDCAD: Has topped on a 1 year basis. Sell breakout signal aheadUSDCAD has been trading inside a 13 month Rectangle with clear R1 and S1 Zones. Right now the 1D technical outlook is slightly over the bullish mark (RSI = 56.814, MACD = 0.004, ADX = 33.246) as it is on LH after the November 1st rejection inside the R1 Zone. This is an early sell signal but validation will come if the market closes a 1D candle under the 1D MA50, which hasn't happened since August 1st. If it does, we will target the 0.786 Fibonacci retracement level (TP = 1.33250). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
USDCAD: Testing the 4H MA200. Rejection ahead?USDCAD made a perfect rejection on our last signal exactly at the top of the twelve month Channel Up. You can see this at the bottom of the analysis. The price turned bullish however lately on the short term and the 4H timeframe (RSI = 60.972, MACD = 0.001, ADX = 26.230) as it rebounded at the bottom of the prevailing Channel Down that emerged. At the momemnt it is testing the 4H MA1200. As long as the the price is trading inside the Channel Down, this is a sell opportunity on a 2-3 week stretch (TP = 1.32500). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
3
USDCAD: Best sell signal since March.USDCAD is trading inside a Channel Down pattern that has almost completed 11 months of trend. The technicals on the 1D time-frame are overbought (RSI = 70.266, MACD = 0.007, ADX = 57.395) and that enhances the sell sentiment as the price approaches the top of the Channel Down. The previous LH was priced a little over the 0.786 Fibonacci level. The formation of a Bearish MA50/100 Cross was after the top was in and technically we are only a week away from the new formation. Consequently, we treat this as a sell opportunity, waiting to sell on the 0.786 Fibonacci, targeting the 0.118 (TP = 1.32000) as the April 14th low. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
4
USDCAD on its Rising Support. Trade around it.The USDCAD pair is on the Rising Support that is holding for more than a month. There is also the Support Zone (1.36280 - 1.36480) that is holding for 2 weeks. Trading Plan: 1. Buy as long as the Rising Support holds. 2. Sell if the Support Zone breaks (i.e. closes a candle under it). Targets: 1. 1.3800 (Resistance (1)). 2. 1.3555 (Support (1) and Fibonacci 0.5). Tips: 1. The RSI (4h) is also on a 2 week Support. This is technically a short-term bullish sign. Please like, follow and comment!!
by TradingBrokersView
3
USDCAD set to stall at or break key resistance?Hello to our subscribers and the TradingView community welcome to Wednesday’s update. With oil tumbling and the USD jumping, we can only think of one pair that benefits from those two moves. The USDCAD is highly driven on both fronts, and the CAD is a commodity currency that generally tracks oil’s fortunes. The USD, well yeh enough said. Last night we saw key moves on oil and the USD. Oil shed up to 10% and briefly traded below the $100 level. The USD shot higher, the index trading above 106.50. Looking at the daily USDCAD chart below, we can see that price continues to trade in a new fast trend after buyers took control on the 8th of June. Since then, we have seen one reaction that set up demand and an HL late in June. Buying has continued into July, with traders retesting key resistance and supply areas that have stood since May. The recent resistance and supply lines up with a longer-term level of supply /resistance that runs back to November 2020. This is our line in the sand that buyers must break to continue the current trend. If we see a break above these levels, it could be game on with 1.31 and 1.32 or higher a possibility. Fail, and we would look for a new move to possibly retest the 1.2850 area. It’s really up to buyers and mainly USD momentum to continue to drive the current buyer move. The Fed minutes are due out today at 04:00 am AEST, and they could play a role in the current short-term USD pulse. Good trading.
by Eightcap