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CADUSD trade ideas

USD/CAD) Down Trand analysis Read The captionSMC trading point update Technical analysis of USD/CAD (U.S. Dollar / Canadian Dollar) currency pair on the 2-hour timeframe, and it suggests a potential sell setup based on price action, key levels, and momentum indicators. --- Chart Summary Pair: USD/CAD Timeframe: 2H Current Price: 1.36432 EMA 200: 1.37436 Direction Bias: Bearish Volume: 6.92K Key Tool: EMA 200, RSI, Support/Resistance Zones --- Technical Breakdown 1. Resistance Zone / Supply Area (~1.3680 - 1.3700) The yellow box highlights a strong resistance zone. Marked by three red arrows, where price has repeatedly rejected. Indicates clear seller dominance in this area. 2. Break of Support Level Price broke below the yellow support area and is now trading below it. This signals a bearish breakout from a consolidation zone. 3. EMA 200 Trend Confirmation EMA 200 (blue line) is sloping down. Price is below the EMA, confirming bearish trend bias. Acts as dynamic resistance. 4. Bearish Flag/Channel Break A bearish flag or wedge pattern seems to have been broken downward. The measured move (blue vertical line) suggests the projected drop. --- Target Point Target Price: 1.34951 This is based on the measured move from the resistance zone. It aligns with the previous demand/support zone. --- RSI (Relative Strength Index) RSI (14) is 36.37, approaching the oversold zone. This shows strong bearish momentum, but it also means price may stall or bounce slightly before continuing downward. --- Trade Setup Idea Entry: After confirmation of breakout below 1.3640 Stop Loss: Above 1.3700 (resistance zone) Take Profit: 1.34951 Risk-to-Reward: ~1:2+ --- Risk Management & Caution If price moves back into the yellow zone or breaks above 1.3700, the setup is invalidated. Watch for high-impact news events (marked on the chart with U.S. flags) that may trigger volatility. Mr SMC Trading point --- Conclusion This is a well-structured bearish idea based on: Resistance rejections Break of support Downward EMA slope Bearish RSI reading It reflects strong downside potential toward 1.3495, offering a clean shorting opportunity for swing traders Please support boost 🚀 this analysis)
Short
by SMC-Trading-Point
1
USD/CAD BULLS WILL DOMINATE THE MARKET|LONG Hello, Friends! Bullish trend on USD/CAD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 1.367. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Long
by EliteTradingSignals
1
USDCAD – Sell Into Resistance Amid Bearish ContinuationSell Limit Entry: 1.3700 Target: 1.3600 Stop Loss: 1.3750 Duration: Intraday Expires: 13/06/2025 06:00 Technical Overview The broader trend remains bearish, and current price action does not indicate a reversal of the recent downtrend. A correction toward resistance at 1.3700 offers a low-risk short entry. A move below 1.3625 would confirm renewed bearish momentum, aligning with the measured move target of 1.3575. The short-term RSI has turned negative, reinforcing downside pressure. Traders should remain aware of upcoming U.S. data, with the PPI release at 13:30 UTC potentially triggering short-term volatility. Key Technical Levels Resistance: 1.3675 / 1.3700 / 1.3725 Support: 1.3625 / 1.3600 / 1.3575 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by Signal_Centre1
USDCAD SHORT FORECAST Q2 W24 D12 Y25USDCAD SHORT FORECAST Q2 W24 D12 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. 💡Here are some trade confluences📝 ✅4H order block rejection ✅HTF 50 EMA ✅Intraday bearish breaks of structure to be identified ✅15’ order block identified 🔑 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
Short
by JCFRGNT
Bearish drop?USD/CAD has bounced off the support level which is a pullback support that lines up with the 138.2% Fibonacci extension and could potentially rise from this level to our take profit. Entry: 1.645 Why we like it: There is a pullback support level that lines up with the 138.2% Fibonacci extension. Stop loss: 1.3624 Why we like it: There is a support level at the 100% Fibonacci projection. Take profit: 1.3689 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
USDCAD Preparing for Major Breakout? | Key Levels + SetupUSDCAD is currently trading just below a key breakout zone at 1.36991, with strong demand holding the 1.36000 - 1.36800 range. --- 🔶 Technical Analysis: ✅ Support Zone (Demand): The 1.3600 - 1.3680 region has acted as a strong base for several weeks now, with repeated tests and rejections confirming institutional interest. ✅ Resistance to Watch: 1.36991 – immediate breakout level 1.39744 – mid-range target 1.42591 – major supply/TP2 area 🟣 Volume Profile & LuxAlgo S&D: Visible range & LuxAlgo show accumulation in the current zone, signaling a possible bullish reversal. Volume is increasing at key levels. 📉 Recent downtrend may be exhausted, as price forms a base and shows signs of strength from buyers. --- 🧠 Trade Idea: 🎯 Breakout Buy Setup: Entry: Above 1.3700 (confirmation of breakout) TP1: 1.3974 TP2: 1.4259 SL: Below 1.3640 (below demand zone) 📊 RR Ratio: ~1:2.5 --- ⚠️ Watch This: 📅 Upcoming USD news (marked below chart) could act as a catalyst 💥 Breakout above 1.3700 with volume = potential strong bullish rally --- 📌 Summary: USDCAD is consolidating in a high-demand area. A break above 1.3700 may trigger a bullish continuation targeting 1.3974 and possibly 1.4259. Patience and confirmation are key. 🚀 Are you watching this setup too? Drop your thoughts below! #USDCAD #Forex #Breakout #LuxAlgo #SmartMoney #TradingView #PriceAction #4HSetup #ForexSignals
Long
by FrankFx14
USDCAD INTRADAY downtrend resistance at 1.3750The USDCAD currency pair continues to exhibit a bearish sentiment, aligned with the broader downtrend. Recent price action suggests a corrective pullback is underway, testing previous resistance zones. Key Resistance Level: 1.3750 — This marks a significant intraday consolidation area. A rejection at this level would reinforce bearish momentum. Support Targets: If price fails to break above 1.3750 and turns lower, potential downside targets include: 1.3640 (near-term support) 1.3580 (intermediate support) 1.3530 (longer-term support) On the bullish side, a confirmed breakout and daily close above 1.3750 would invalidate the current bearish bias. In that case, upside resistance levels to watch are: 1.3800 (psychological level) 1.3860 (major resistance zone) Conclusion: USDCAD remains technically bearish unless it achieves a sustained break above 1.3750. Traders should watch for a rejection at this key level to confirm further downside potential. A breakout above would shift the outlook to bullish, targeting higher resistance zones. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
USD/CAD Holds Near 2025 LowUSD/CAD Holds Near 2025 Low When we last analysed the USD/CAD chart on 4 June, we identified a descending channel that remains relevant. On 5 June, the pair reached a new low for 2025, and it is possible that bears will attempt to extend this move further over the course of the month. Why is USD/CAD declining? The Canadian dollar appears to be strengthening amid speculation that a trade agreement between the US and Canada could be finalised soon — possibly on 15 June, when the G7 summit is due to be held in Canada. Media reports highlight several indicators supporting this view: → Prime Minister Mark Carney stated that Canada will meet its NATO spending target of 2% of GDP. → Canada refrained from retaliatory tariffs on steel and aluminium. → The US ambassador to Canada confirmed that “secret” negotiations are ongoing. Technical Analysis of the USD/CAD Chart Note that the R-line, which divides the lower half of the descending channel into two equal parts, acted as resistance — price reversed downward from this line and accelerated lower (as indicated by the arrow). This reinforces the view that bears currently dominate the USD/CAD market. For now, the 1.3650 level appears to be a support zone for bulls, but its strength may be tested today as markets react to US inflation data. The Consumer Price Index (CPI) report is scheduled for release today at 15:30 GMT+3. Be prepared for potential spikes in volatility. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
USDCAD Trade Signal – BUY NOW Entry Point: 1.36780USDCAD Trade Signal – BUY NOW Entry Point: 1.36780 🎯 1st Target: 1.37000 🎯 Final Target: 1.37300 📈 Bullish momentum spotted on USDCAD 📊 Strong support at 1.3670 holding firm 🟢 Clean upside potential for short-term traders 🔍 Technicals show breakout confirmation 🧠 Risk Management is Crucial 📉 Recommended Stop-Loss: Below 1.36550 ⚖️ Risk only 1–2% of your capital 🛑 No overleveraging — protect your account 💼 Ideal setup for intraday/swing traders 🧭 Let the market come to you 📌 Set alerts, stay focused 🕒 Be patient, follow your plan 🔁 Don’t chase, execute with precision 📢 Trade smart, trade safe! 💬 Drop your thoughts or results below 👇
Long
by GoldTradersEdge