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Usdcadlong

USD/CAD: Time to Go Long?On the monthly chart, USD/CAD has found strong support, signaling a potential bullish continuation. With anticipated USD strength in the coming weeks, there’s a clear opportunity for the pair to move higher. We are targeting 1.40180 as the first objective, with the potential to extend towards 1.41500 if momentum continues. On the daily chart, the price is showing signs of weakness but also bullish intent, suggesting a possible retracement before a move higher. Ideally, a pullback into the 1.38490 – 1.38450 zone would offer a high-probability long entry.
Long
by Wiiso
1
#USDCAD: Two Major Buying Zones, Patience Pays! As previously analysed, USDCAD is expected to decline towards our predetermined entry point. We anticipate a bearish US Dollar for the remainder of the week, which will ultimately lead USDCAD to reach the entry zone. Three distinct target areas exist, collectively worth over 1100 pips. Each entry point, stop loss, and take profit is clearly defined. We wish you the best of luck and safe trading. Thank you for your support. If you wish to assist us, we encourage you to consider the following actions: - Like our ideas - Provide comments on our ideas - Share our ideas Kind Regards, Team Setupsfx_ Much Love ❤️🚀
Long
by Setupsfx_
Bullish Breakout from Falling WedgeCurrently, the USD/CAD is in a crucial support area. The weakness of the US dollar and the improvement in the fundamental aspects of the Canadian dollar have created a tug-of-war between bulls and bears. Traders are adopting a strategy of selling high and buying low within the range of 1.3760-1.3844. Once the resistance/support level is broken through, they will follow the trend accordingly. you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
Long
by HilaryBloomer
Analysis of the USD/CAD Exchange RateAs of last Friday, the USD/CAD exchange rate traded in the range of 1.3800 - 1.3850, down 0.0217% compared to the previous day. The key resistance level was 1.3844, and the support level was 1.3760. In the short term, the fluctuations are dominated by the US non - farm payrolls data and trade policies: strong US employment data may support the rebound of the US dollar. you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
Long
by HilaryBloomer
USDCAD – Reversal Setup Ahead of FOMC DecisionUSD/CAD has bounced off strong support near 1.3770, forming a clean bullish structure into a pivotal week dominated by the FOMC meeting. Price action shows higher lows and a tightening range, signaling a potential breakout. With the Fed expected to hold rates but maintain a hawkish tone, the USD may regain strength — especially against the CAD, which remains under pressure from trade risks and weak oil prices. 🔹 Technical Setup: Structure: Rejection at 1.3770 support with ascending trendline developing. Pattern: Bullish flag breakout (visible on 2H chart). Momentum: Recovery candles suggest buyers regaining control ahead of resistance. Key Levels: Support: 1.3770 – 1.3780 Resistance: TP1: 1.3852 (Fib 61.8%) TP2: 1.3891 (swing high zone) TP3: 1.3950 (major breakout target) Invalidation: Below 1.3760 🧠 Fundamental View: USD Outlook: The Fed is widely expected to hold interest rates steady on May 7, but officials are pushing back against early rate-cut expectations. Chair Powell is likely to emphasize inflation risks and signal no imminent easing. This stance supports USD resilience, especially if the Fed reiterates “higher for longer” messaging. CAD Outlook: The Canadian economy continues to face export challenges from U.S. tariffs, weakening business sentiment. Meanwhile, softening oil prices reduce support for the CAD. With the Bank of Canada having already delivered several rate cuts, it remains more dovish than the Fed — creating a widening policy divergence. 💡 Trade Idea: Bias: Bullish above 1.3780 Entry Zone: 1.3800–1.3820 Target 1: 1.3852 Target 2: 1.3891 Target 3: 1.3950 Stop Loss: Below 1.3760 📌 Watch for volatility during and after the FOMC statement and Powell’s press conference. A hawkish surprise could fuel a sharp move toward 1.39+.
Long
by ultreosforex
USDCAD: New month, first green dayHello traders and welcome back to my channel, as always, my analysis are not a way to predict the market, but long and short are just a signal regarding the setup I'm looking for the day. Guessing the direction is not part of my job, entering setups in line with my thesis, that's my job! A little consideration before analysing this current week, the previous week, placed the monthly low, and retested it completing a pump and dump template. We are currently into the April monthly low and I'm looking for a long opportunity considering the potential volume trapped down low. But what happened this week and why I'm bullish? Monday, is the opening range of the week, weekly boundaries are now in place and short breakout traders are involved in the market. Tuesday, initial balance, expanded the range lower, triggering again shorts in the market. Wednesday, midpoint of the week, breakout lower again, stopping the traders long from the April monthly low and closing the day in breakout, going in consolidation into the end of the day. To me, this aspect is pretty important, triggering traders down low, with not really a strong momentum, typically gives me the signal of a potential reversal. Thursday, pretty much Asia and London session consolidated down low around the closing price, breaking the daily high for the first time during the week (which is to me a break in structure). The day closed as first green day, which is a potential long signal, especially when appears down low. Today, Friday, last day of the week and first day of the new month, I can see a potential dump and pump setting up for the day, but NFP is on schedule and it can mess up completely the overall setup. How I'm gonna take this trade? Well, first of all no action will be taken before news release at 8:30am NYT, after that, if the dump and pump is still intact during NY session, I will be willing to position myself in the market, accordingly with my entry criteria (typically bullish price action coiling for a long move). Can the market go lower? Absolutely yes! As I said, I do not predict any direction, but overall today I won't be interested in shorting USDCAD, because typically shoring into the weekly low, is not a very profitable trade opportunity, and I typically don't like to stuck in a trade for ages! :) I will update anyway the intraday overview during the NY session, starting in a couple of hours! Gianni
Long
by GianniPichichero
14
USDCAD LONG POSSIBILITY SIGNALUnder current market conditions, the area near 1.3821 has been identified as a critical support zone, where the AI model detects a high-probability trade setup. From a technical perspective, the AI algorithm has recognized a clear directional bias based on recent price action patterns. Suppose the market demonstrates increased volume and price stability above key moving averages in the 1.3821 area. In that case, traders are advised to monitor for trend-continuation entry opportunities in alignment with the prevailing momentum. Profit targets are defined at 1.3855 and 1.3904, corresponding to logical technical resistance zones. These levels are designed for staged profit-taking across different trade management styles. Stop-loss should be strictly enforced at the designated level; once breached, the strategy is considered invalidated in order to limit potential downside.
Long
by FOREX_CRYPTO_MASTER
1
#USDCAD 1HUSDCAD (4H Timeframe) Analysis Market Structure: The price has broken above a key resistance level and is currently showing signs of a retest. A successful retest of the broken resistance as support indicates that buyers are maintaining control, suggesting potential for further upward movement. Forecast: A buy opportunity can be considered if the price confirms the retest and starts to show bullish momentum, supporting the continuation of the breakout move. Key Levels to Watch: - Entry Zone: Look for buying signals around the retest area of the previous resistance turned support. - Risk Management: - Stop Loss: Placed below the retest support zone to manage downside risk. - Take Profit: Aim for higher resistance zones or key Fibonacci extension levels as potential targets. Market Sentiment: The breakout followed by a retest suggests a shift toward bullish sentiment. However, proper confirmation through bullish candlestick patterns or momentum indicators is advised before entering the trade.
Long
by PIPSFIGHTER
#USDCAD: 1000+ Pips Big Bullish Move With Three TargetsThe USDCAD is currently in a bearish trend since the day has dropped significantly and is still falling. We anticipate the price to drop slightly more before it reaches our entry zone. There are two entry points, and you can choose either one that aligns with your views. There are three targets, and you can set take profit targets that suit you best. Good luck and trade safely. Thanks for your support! 😊 If you want to help us out, here are a few things you can do: - Like our ideas - Comment on our ideas - Share our ideas Team Setupsfx_ ❤️🚀
Long
by Setupsfx_
17
USD/CAD(20250418)Today's AnalysisMarket news: The European Central Bank cut interest rates by 25 basis points as expected, the seventh rate cut in the past year, and this decision was unanimous. Technical analysis: Today's buying and selling boundaries: 1.3855 Support and resistance levels: 1.3933 1.3904 1.3885 1.3825 1.3807 1.3778 Trading strategy: If the price breaks through 1.3855, consider buying, the first target price is 1.3885 If the price breaks through 1.3825, consider selling, the first target price is 1.3807
OANDA:XAUUSDLong
by Toml1314
1
USD/CAD(20250417)Today's AnalysisMarket news: U.S. import prices fell 0.1% in March from the previous month, the first month-on-month decline since September last year. Technical analysis: Today's buying and selling boundaries: 1.3923 Support and resistance levels: 1.4050 1.4002 1.3972 1.3875 1.3844 1.3797 Trading strategy: If the price breaks through 1.3972, consider buying, with the first target price at 1.4002 If the price breaks through 1.3923, consider selling, with the first target price at 1.3875
Long
by BraveTigercat
USD/CAD Breakout Pattern (15.04.2025)The USD/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 1.4034 2nd Resistance – 1.4131 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Long
by KABHI_TA_TRADING
21
#USDCAD: We took the Swing Sell, Now let's focus on Swing Buy! The USD/CAD exchange rate experienced a significant decline, reaching its all-time high against the USD. This decline is primarily attributed to the ongoing trade dispute between China and the United States, which has led to a depreciation of the USD and resulted in a yearly low. However, we anticipate a potential reversal in the price trajectory. We identify a favourable area where the price may stabilise and address the liquidity gap it has created. We have established three targets, and to effectively utilise these targets, we recommend executing small entries with each target set based on a predetermined take-profit level. We extend our sincere gratitude for your unwavering support throughout this journey within this community. Additionally, we appreciate the contributions of each individual who has supported our endeavours. We are pleased to announce that we have garnered 20,000 followers. Much Love, Team Setupsfx_ ❤️🚀
Long
by Setupsfx_
12
USDCAD -Weekly Forecast,Technical Analysis & Trading Ideas Technical analysis is on the chart! No description needed! OANDA:USDCAD ________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . . . . Hit the 'BOOST' button 👍 . . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) 🙏 Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
Long
by ForecastCity
21