USDCAD1.46 looks like our next destination for this pair. I am putting a focus on that price as i watch 15 mins price action on the current price to take longs into next week. Good luck
CADUSD trade ideas
Not looking good for the Can DollarThe Trudeau effect has DESTROYED the Can Dollar.
The US Dollar has broken out above this major arc (or dome) -- and continues to climb upward in this major channel.
For the Canadian dollar to rebound, a break below this channel would likely mean good things.
"USDCAD Trade Setup
"USDCAD Trade Setup
Market absorbs sell-side liquidity
Confirmation on H4 with FVG (Fair Value Gap)
Next target: Broken Support Line (BSL) levels
Your thoughts on this setup?"
SELLCALL - USDCAD 90 % chanceMarket is in consolidation phase - it has tested support resistance level multiple time and no able to break it. Most likely market will break make a sharp rally DOWNSIDE after it break consolidation zone and then it will test the strong support level which is also FIB level as highlighted. Further sentiments of market are also in favors of BEARS so there are 90 percent chances it will go down.
USDCAD: political crisis and tariff crisis in Canada!The USDCAD currency pair is above the EMA200 and EMA50 in the 4-hour timeframe and is moving in its upward channel. The correction of this currency pair towards the demand zones will provide us with the next buying position.
The political crisis surrounding Justin Trudeau is deepening, with an increasing number of Liberal Party members publicly calling for the Canadian Prime Minister to step down and allow a new leader to take charge before the 2025 elections.
Chad Collins, a Member of Parliament from Ontario, stated that nearly 50 elected Liberals are part of a growing group advocating for Trudeau’s resignation. Other Liberal opponents have reported similar numbers, representing approximately one-third of the 153 Liberal MPs in the House of Commons.
The resignation of Chrystia Freeland, Trudeau’s influential Finance Minister and longtime deputy, has been a significant blow to the Prime Minister. Collins remarked that this resignation has caused irreparable harm to Trudeau.
Freeland explained that she decided to resign after being informed of a reassignment within the cabinet. She mentioned that Trudeau informed her of the decision only three days before an important speech intended to update the nation on its financial and economic status.
Criticizing Trudeau’s leadership, Collins said, “I don’t know who is advising him, but I can guess. This advice is far from effective. Ultimately, he is responsible for his decisions, and we are now witnessing consequences that many consider to be a clear demonstration of poor judgment.”
Trudeau, now 52, has been under mounting pressure to resign for months. In June, the Liberals lost a by-election in a Toronto district they had held for decades. Similarly, they lost another seat in Montreal in September. However, Freeland’s resignation, amid economic threats posed by Trump’s incoming administration, has turned discontent into a full-blown crisis for Trudeau. The Prime Minister has canceled all of his usual year-end television interviews. Collins warned that more Liberals would exit politics if Trudeau insists on staying in power.
Meanwhile, Ian de Verteuil, an equity strategist at CIBC Capital Markets, discussed Donald Trump’s tariff threats against Canada in an interview with Bloomberg. He argued that Trump’s threat to impose sweeping tariffs on Canadian imports on his first day in office could hurt American consumers and is unlikely to proceed without major revisions.
De Verteuil emphasized that Trump should be taken seriously, though not always literally. He added that Trump’s slogan, “Make America Great Again,” would be put to the test if a 25% tariff were imposed on Mexican and Canadian goods. Such tariffs could harm American consumers and are unlikely to be implemented.
He further noted that tariffs are unlikely to target fossil fuels or auto parts from Canada, given the U.S. economy’s heavy reliance on these imports. However, companies exporting consumer goods such as clothing and vehicles to the U.S. are at greater risk.
De Verteuil also highlighted that Mexican companies exporting goods to the U.S. would face more significant impacts, as Trump’s border concerns primarily focus on America’s southern neighbor. In conclusion, he stated that Canada remains a vital trade partner for the U.S., and major challenges for Canada in 2025 are highly improbable.
USDCAD - accumulating orders .. early Jan 2025Since late Sep, this pair has been moving strongly to the up side. Most of the retracements have been weak and shallow. But for the past 10 days, we have been witnessing a more persistent consolidation. Let us study the chart on the H4 time frame too:
Note that there was 1 single H4 strongly bullish candle and since then more than 45 candles have been unable to break the high or low of that mother candle. These are commonly known as 'inside bars' or candles.
Obviously, at some point a breakout will happen. Since the preceding trend was bullish, a break out to the upside is more likely. However, that cannot be taken for granted. I would suggest that this chart be monitored on the H4 time frame and traded in the direction that PA indicates.
At this time, my own bias is bullish, so if I start seeing more strength and momentum with the bulls, I will consider taking a test long trade (50% position size) either at the bottom of the range or if price bounces up from the 20ema. Additional position(s) can be added if PA dictates. We do have room at least to 1.4510 before we see some resistance.
This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
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USDCAD, Is 1.47 available ?Hello Traders, Happy new year in advance, I Hope you have a great year ahead with your family.
let's go for USDCAD analysis:
for upcoming weeks, we'll probably see a downward correction to Specified level at first and then it will start another Rally. so with a proper trigger we can open a short position at first and after that a long position with TP around 1.4700.
And finally tell me what do you think ? UP or DOWN ? leave your comment below this post.
If this post was helpful to you, please like it and share it with your friend.
THANKS.
USDCAD Swing Trading 4hrSL 1.4296
TP 1.4642
R:R 1:3.5
Suggested risk management for this is 15% of total capital risking 2-4%, my personal leverage is 1:30
This still a good opportunity for buys, price is still respecting the support level
:)
Bearish drop?USD/CAD is rising towards the resistance level which is a pullback resistance that is slightly above the 61.8% Fibonacci retracement an could drop from this level to our take profit.
Entry: 1.4416
Why we like it:
There is a pullback resistance level.
Stop loss: 1.4450
Why we like it:
There is a pullback resistance.
Take profit: 1.4349
Why we like it:
There is a pullback support level.
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USDCAD BULLISH?.. 31.12.2024What’s up traders! 😎💰
Would like to know what your thoughts are on USDCAD…
The USD/CAD pair is currently trading ABOVE a KEY SUPPORT area. Expecting a 90 pip upside move in the next couple of hours.
Don’t forget to like and share your thoughts as well
USDCAD SHORT?… 31.12.2024What’s up traders! 😎💰
Would like to know what your thoughts are on USDCAD…
The USD/CAD pair is currently trading below a KEY RESISTANCE area. Expecting a 30 pip drop in the next coupe of hours.
Don’t forget to like and share your thoughts as well
GBP/USD Short, NZD/USD Short and USD/CAD LongGBP/USD Short
Minimum entry requirements:
• Corrective tap into area of value.
• 4H risk entry.
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
USD/CAD Long
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
USDCAD Daily CLS Range, HTF - 50% wick. Model 2USDCAD Daily CLS Range, HTF - 50% wick. Model 2
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Adam & EVE Pattern - USD/CAD - Market Insights & ExpectationsGreetings Everyone,
Today, we will be taking a quick look at the USD/CAD pair and project potential future price action.
Disclaimer: Please note that this analysis is based on the monthly time frame, and like all projections, outcomes are not guaranteed.
This is not financial advice .
On the chart, you’ll notice the highlighted Adam and Eve pattern, which we'll be discussing in detail.
What is the Adam and Eve Pattern?
The Adam and Eve pattern is a reversal chart pattern often seen in technical analysis. It indicates a potential trend reversal, typically from a bearish to a bullish trend. The pattern is characterized by two distinct bottoms:
1. Adam (First Bottom):
Sharp, narrow, and "V-shaped."
Reflects a rapid sell-off and recovery.
2. Eve (Second Bottom):
Rounded and broader than Adam.
Suggests gradual price stabilization and accumulation.
What does this mean for Canadians?
Summary
- Imported goods will become even pricier for Canadians.
- US nominated investment position will yield better returns. Ie. USD Savings Accounts, US ETFS ie. SPY, QQQ.
- Canadian Corps. that exports good will be benefactors of a higher us dollar.
Thank you for stopping by!
Best,
CL
USDCAD Wave Analysis 30 December 2024
- USDCAD reversed from resistance zone
- Likely to fall to support level 1.4400
USDCAD currency pair recently reversed down from the resistance zone surrounding the major long-term resistance level 1.4400 (which stopped the sharp uptrend at the start of 2020) intersecting with the upper weekly Bollinger Band.
The downward reversal from the resistance level 1.4400 stopped the previous medium-term impulse wave (5).
Given the strength of the support level 1.4400 and the overbought reading on the weekly Stochastic indicator, USDCAD currency pair can be expected to fall to the next support level 1.4315.
Trading Idea: USD/CAD 15min Short SetupThis setup leverages Smart Money Concepts (SMC) on the 15-minute timeframe for a high-probability short.
Key Details:
Entry: Retracement into a Fair Value Gap (FVG) within the discount zone after a bearish Market Structure Shift (MSS).
Target (TP): 1.43345, aligned with Sell-Side Liquidity (SSL) below a key swing low.
Stop Loss (SL): Just above the FVG or last lower high, maintaining a favorable risk-to-reward ratio of at least 1:3.
Confluences : MSS confirmation, FVG in a discount zone, and liquidity targeting.
Trade Management: Move SL to breakeven upon significant bearish momentum or halfway to TP.
Disclaimer:
For educational purposes only. Perform your own analysis before trading.
USDCAD Update:
USDCAD Update:
Initially, I expected USDCAD to reach its weekly historical high, but it reversed instead. This setback is normal.
Key points:
- Draw on liquidity is the weekly order block
- No fear, all losses will be recovered
USD/CAD First Yearly Close > 1.4000 Since 2002It was a blistering Q4 for the US Dollar and that's especially true in USD/CAD. While USD reversed aggressive at the Q4 open while getting a shot-in-the-arm around the U.S. Presidential election, in USD/CAD there was also the added drive of tariff potential after President-elect Trump threated a 25% tariff on Canadian goods unless the border was shored up. That comment came on November 26th and led to a bullish spike in the pair, which did recede; but after that the 1.4000 level began to show as support and buyers pushed another strong move through December trade. There were especially noticeable drives on both the NFP report and the FOMC rate decision.
After the Trump comment re: 25% tariffs on Canada, PM Trudeau flew down to Florida to try to appeal to Trump. Trump's response after seems jovial in nature, as he called Canada the 51st U.S. state and PM Trudeau a 'governor.'
I think the big question here is whether Trump wants a strong U.S. Dollar which a push towards austerity could produce. And if that happens, weakness could show in equities which could then bring questions around his economic agenda.
I'm expecting something similar to what showed in 2017, when shortly after inauguration Trump opined that the U.S. Dollar was 'too strong,' after which the currency went into a tailspin for the rest of the year, even as the Fed hiked rates three times in 2017 and four times in 2018.
If we do see mean reversion in the US Dollar, USD/CAD could remain attractive for similar themes. For now bulls are still pushing and next resistance is the same 1.4690 area that was respected back in early-2016 and again in 2020. - js
USDCADWatch Price action as it rallies towards 1.46500. From that point, i would fancy shorts on a weekly timeframe.
USD/CAD Bull Flag: Is 1.4500 the Next Stop?The USD/CAD 6-hour chart shows a bull flag pattern, a continuation setup that typically signals the resumption of the prior bullish trend.
Following a strong upward rally, the price has consolidated in a downward-sloping channel, characteristic of a bull flag.
A breakout above the resistance (~1.4410) would confirm the pattern, potentially driving the price higher toward the next target of 1.4500 or beyond.
