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PERHAPS... USDCAD LONG FORECAST Q2 W21 D23 Y25PERHAPS... A REVERSAL BACK TO THE HTF 50EMA's USDCAD LONG FORECAST Q2 W21 D23 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Daily Order Block ✅Tokyo ranges to be filled ✅15' order block identified ✅Weekly 50 EMA ✅Daily 50 EMA 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Long
by JCFRGNT
USDCAD TechnicalsThe pair attempting a recovery following a sharp bearish decline. After a significant selloff, price found strong support in the 1.38300–1.38440 zone, where multiple rejections indicate the presence of demand. This area has now acted as a base for a bullish reaction, confirmed by increasing bullish volume on the most recent candles. The recovery is now pushing back toward a previously broken structure zone around 1.38770–1.38800, which is expected to act as resistance. This is a critical level to watch, as it previously marked a breakdown point. If price manages to push above and hold, it could signal a reversal or at least a corrective rally within the broader downtrend. Momentum indicators are showing early signs of recovery. The RSI has climbed to around 46, rebounding from a low and crossing its moving average. While it remains below the neutral 50 level—still slightly favoring sellers—the upward momentum is strengthening. This supports the current short-term bullish movement, especially if price remains above the 1.3840 handle. The short-term trend is shifting toward bullish, supported by a potential higher low structure forming after the recent dip. A clean break and hold above 1.3880 could open the door for a move toward the psychological round number at 1.3900 and potentially higher toward 1.3920–1.3940. However, if the price fails to hold above 1.3840 and breaks back into the support box with bearish volume, the recovery thesis would be invalidated, suggesting a potential revisit of the 1.3820 level and lower. In summary, the chart suggests a cautious bullish bias with near-term upside potential, contingent on maintaining support above the demand zone and breaking through the resistance around 1.3880 with momentum.
Long
by xxChartWhizxx
USDCAD Consolidation Within Bullish Flag – Targets 1.4130USDCAD is consolidating inside a descending flag structure following a strong impulsive rally earlier in May. The current pullback is orderly and corrective, indicating potential for continuation higher. If price breaks above 1.3960, this flag breakout could extend toward 1.4130 and possibly 1.4225. With CAD weakening on soft oil prices and USD regaining strength from yield-driven flows, the bias remains bullish while price stays above 1.3870. 🔍 Technical Analysis Pattern: Bullish flag forming after a strong rally Support Zone: 1.3870–1.3900 → base of flag Resistance/Breakout Zone: 1.3960–1.3980 → upper flag line Structure: Higher lows holding firm Fib confluence near 1.3933 (23.6% retracement) Target Levels: 1.4130 – 50% fib level + previous structure resistance 1.4225 – 61.8% fib zone from March–April high 📈 Bias: Bullish continuation on breakout 🌍 Fundamental Context 🇺🇸 U.S. Dollar (USD) Supported by: Higher bond yields Fed expected to hold rates higher for longer Safe-haven inflows post-Moody’s downgrade fading USD Index recovering broadly across majors 🇨🇦 Canadian Dollar (CAD) Oil prices softening due to global demand concerns (China slowdown, US inventories) BoC likely done hiking — no fresh bullish catalysts CAD correlation with crude oil adds downside risk if energy markets weaken further 🎯 Trade Plan Entry: Break and close above 1.3960 Stop Loss: Below 1.3870 (flag support zone) Targets: TP1: 1.4130 (structure resistance + fib level) TP2: 1.4225 (swing high + golden ratio) ⚠️ Risk Factors to Watch If USD sentiment shifts (e.g., dovish Fed speaker) → breakout may fail Crude oil rebound would support CAD and cap USD/CAD upside False breakouts common near 1.3960 — wait for confirmation (strong candle close) 🧭 Conclusion USD/CAD remains in a bullish consolidation phase with a clear continuation setup. A break above 1.3960 would confirm a flag breakout targeting 1.4130 and 1.4225. With the macro backdrop favoring the USD and energy-linked CAD weakening, this setup offers clean structure and potential for follow-through.
Long
by ultreosforex
1
USDCAD Is Bullish! Long!The USD/CAD exchange rate consolidated near 1.3980 during the European trading session, after the Canadian dollar (CAD) came under pressure due to falling crude oil prices, enabling the pair to recover earlier losses. Given that Canada is the largest crude oil exporter to the U.S., declining oil prices typically dampen CAD sentiment. USD/CAD is displaying a complex technical trend. On the daily chart, the price is currently consolidating around the 1.3980 level. The pair has rebounded from a recent low of 1.3749 and is now attempting to break through the key psychological barrier of 1.4000. If it can surpass both the 1.4000 psychological level and the 1.4050 resistance, further upside toward 1.4150 could be possible. On the downside, key support lies at 1.3890 (the lower edge of the recent consolidation range) and 1.3749 (the recent low). 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
1
USDCAD Analysis: Three Bounce ScenariosHello traders! USDCAD is offering three trading scenarios on the daily timeframe. The first scenario suggests the pair may react bullishly from the currently approached zone, setting up a bounce opportunity that could drive price higher toward the 1.41600 area. The second scenario anticipates a bounce toward the 1.37586 region, where a mean reversion setup may come into play (if buyers step in and price action confirms bullish intent near that support). The third scenario anticipates a bounce toward the 1.34150 region, where a mean reversion setup may come into play (if buyers step in and price action confirms bullish intent near that support). Discretionary Trading: Where Experience Becomes the Edge Discretionary trading is all about making decisions based on what you see, what you feel, and what you've learned through experience. Unlike systematic strategies that rely on fixed rules or algorithms, discretionary traders use their judgment to read the market in real time. It's a skill that can't be rushed, because it's built on screen time, pattern recognition, and the ability to stay calm under pressure. There's no shortcut here. You need to see enough market conditions, wins, and losses to build that intuition—the kind that tells you when to pull the trigger or sit on your hands. Charts might look the same, but context changes everything, and that's something only experience can teach you. At the end of the day, discretionary trading is an art, refined over time, sharpened through mistakes, and driven by instinct. It's not for everyone, but for those who've put in the work, it can be a powerful way to trade.
Long
by davidavasalcai
38
Canadians Are DustedEssentially they have given their nation to communism and will suffer the consequences of poor economic performance especially when compared to the US. Over the long term CAD has only gotten weaker, and if you go back to 2007-2008 you see a massive dollar rally. Due to future economic turmoil I see again the dollar outperforming similar to 07-08 and making new all time highs. We have already seen a retracement of all the gains USD made against CAD this year, in my opinion was expedited due to Trumps tariff tweets, now we shall begin the trend towards new highs. While that is the macro view, my short term trade is that USD will see buys to 1.40. Only at that level is the potential for further downside possible. But till then we will see price move towards 1.40 after a retracement to 1.383 Note my chart is inverted Just to be clear, first we will see shorts to 1.383, then we will see buys to 1.40. So a retracement then a continuation of the bullish dollar.
Long
by CryptoKarmaker
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
4
USDCAD Massive Long! BUY!The USD/CAD exchange rate is currently at a critical juncture, and the Fed's interest rate decision will be the focus of the market in the near future. Traders generally expect the Fed to keep interest rates unchanged at this meeting, but the market is more concerned about Powell's statement at the press conference, especially his response to tariff uncertainty and the political pressure from Trump to cut interest rates. However, the domestic data in Canada is putting pressure on the Canadian dollar. The seasonally adjusted Ivey Purchasing Managers' Index in Canada in April was much lower than expected, dropping from 51.2 in the forecast to 48.0, indicating that business sentiment is deteriorating. Recently, after the exchange rate broke through the important psychological level of 1.3900, the kinetic energy has further increased, and it has quickly approached the 1.3750 support area. The RSI indicator is currently at the 35.49 level. Although it has not yet entered the strict oversold area, it is already close to this level, which may mean that a technical rebound will occur in the short term. Currently, the 1.3750 - 1.3700 range has become a key support area. This area is both a key technical position and a psychological support. If this range is broken, the next target may be the 1.3610 level. The resistance levels above are first 1.3900, and then the psychological level of 1.4000. 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
USD/CAD - Wedge Breakout (06.05.2025)The USD/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Wedge 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 – 1.3893 2nd Resistance – 1.3928 🎁 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
16
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
#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_
2
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
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: 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
17
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