Usdcad bearish continuation Last week, we witnessed a surprising move in #USDCAD due to the CAD-CPI.
✔It is still in a downtrend,
👁so we'll wait for a proper retest before entering a continuation trade to the downside.
CADUSD trade ideas
Sell usdcadStrong sell expected to complete the bearish correction
Monthly selling level
Weekly and monthly bought pair
USDCAD Will Explode! BUY!
My dear subscribers,
This is my opinion on the USDCAD next move:
The instrument tests an important psychological level 1.4323
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.4380
My Stop Loss - 1.4297
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
USDCAD BULLISH ??On the H4 timeframe, the candlesticks are currently positioned between the middle and lower Bollinger Bands. This suggests an early signal that the price may have reached its daily low. Additionally, the absence of further bearish momentum after the pullback indicates that the downtrend could be losing strength. Based on this analysis, I would consider placing a buy order.
USD/CAD: Will the CAD Recover After Trump's Tariff Plans?A bombshell announcement from US President Donald Trump sparked chaos in the foreign exchange markets, as he hinted at imposing 25% tariffs on imports from Canada and Mexico as early as February. The news sent the Canadian Dollar plummeting to multi-year lows against its US peer, while the US Dollar staged a modest recovery from its overnight slump.
The Canadian Dollar (CAD) found itself under intense selling pressure as investors scrambled to reassess the country's economic prospects in light of Trump's protectionist policies. The currency's decline raised fresh concerns about the country's trade relationships and the potential impact on economic growth.
Meanwhile, the US Dollar (USD) rallied, shrugging off its overnight dip to a two-week low. Market analysts expect Trump's policies to fuel inflation and force the Federal Reserve (Fed) to maintain its hawkish stance, which could boost the value of the US currency.
From a technical perspective, the CAD's price chart is currently trading near a critical supply area around 1.4425. Our analysis suggests that the price has reached a turning point after rejecting the key resistance level of 1.4500. We are looking for a bearish reversal, which could set the stage for further declines in the Canadian Dollar.
The implications of Trump's tariff threat are far-reaching and have significant implications for Canada's economy. As the situation continues to unfold, investors will be watching the markets closely for any signs of a bearish reversal in the Canadian Dollar.
✅ Please share your thoughts about USD/CAD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
We may be in for a really unexpected surprise with CADWell pretty simple idea , I just had to share because seems like everyone is short and negative , not just a little. And coming at you from the 51st here , wouldn't it be nice ~ song goes off lol
This is not a trading idea , its just a possibility, but look how net short COT data is right now and imagine if the opposite of expected happens . Currently large and small traders are more net short than they have been since I've been around ... well actually this only shows to 1988 I'm the year before , so let me rephrase ...." since I was 1 years old the the Canadian dollar has not been this shorted by a long shot ".
This will be fun to watch and see if we get the unexpected....because we certainly have the catalyst for a kick ass bullish reversal , OH Canada !
What you would do if CAD was par again with USD ?
USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.43200 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.43200 support and resistance area.
Trade safe, Joe.
USDCAD is ready to go shortNo comment needed. All information is in the chart analysis.
Steps to follow:
Analyze yourself.
Take the position with SL and Take Profits.
Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :)
Get the result.
I will update the trade every day.
Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger!
Good trades, Traders!
The golden bear
USDCAD Bullish Trend: Key Factors Driving the GrowthUSDCAD Bullish Trend: Key Factors Driving the Growth
The USDCAD currency pair continues to develop a bullish trend, with strong potential for further rise. Here are the main reasons behind this bullish movement:
Trump's Proposed Tariffs: President Donald Trump has commented on imposing 25% tariffs starting February 1, which has fueled speculation and market activity.
Decline in Crude Oil Prices: Crude oil prices have been declining amid uncertainty surrounding how Trump's proposed tariffs and energy policies might affect global economic growth and energy demand.
Potential Rate Cut from the Bank of Canada (BOC): There is a possibility of a rate cut from the BOC during the upcoming meeting, provided inflation remains within their target zone.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
USDCAD - 9 Jan 2025 SetupUSDCAD Market structure are still Bullish on the H4 timeframe and now breaking ema's on H1 means the market will continuing their trend. Spotted demand area (Green Rectangle).its the first demand area on 2025.
Entry Position : Long
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly below demand area (Red Line)
Follow me if u guys making any gains from this idea.
Thanks
Coffee Trade Team
USD/CAD 4HR TF AnalysisUSD/CAD 4HR TF Analysis
Trend Analysis
On the 4-hour timeframe, USD/CAD is consolidating in a range, indicating market indecision. Despite the sideways movement, the larger timeframe still reflects an uptrend. Within this consolidation, the price has formed a bull flag pattern, a potential indication of bullish continuation. Currently, the price is near the minor key support level at 1.43700, which has been tested multiple times. Below this, another key level is at 1.43400, near a liquidity zone. If the price reclaims and breaks above these levels, it could trigger further upside momentum.
Price Action Expectation:
Wait for the price to break below the 1st minor key support at 1.43700.
Observe liquidity formation around the 2nd minor key support at 1.43400.
Look for a break above 1.43700, which could confirm a continuation of the uptrend.
Trade Setup:
Trade Type: Buy Stop
Entry: 1.43840 (upon breakout confirmation above 1st minor key support)
Stop Loss: 1.43460 (below the liquidity zone to avoid false breakouts)
Take Profit: 1.44620 (targeting the next significant resistance level)
This setup leverages the confluence of technical patterns, key levels, and market behavior to provide an informed trading decision.
Fundamental Outlook:
USD News (Unemployment Claims): Expected later today, with the previous forecast at 217K and the latest forecast at 221K. This data release could introduce volatility in USD pairs.
CAD News (Retail Sales m/m): Scheduled for later today, with the previous forecast at 0.6% and the latest forecast revised to 0.2%. This weaker-than-expected data may exert downward pressure on the CAD, further supporting a bullish outlook for USD/CAD.
Risk Management:
Maintain a risk-to-reward ratio of at least 1:2 to maximize potential returns.
Position size should align with your account equity and risk tolerance.
Be cautious around liquidity zones to avoid premature stop-outs.
Trading involves significant risks and may not be suitable for all investors. Ensure your strategies align with your financial goals and risk tolerance.
USDCAD Bullish Flag PatternHi traders,
USDCAD is showing a classic bullish flag pattern, signaling that the uptrend is likely to continue! After a strong rally (the flagpole), the pair has entered a consolidation phase, forming a tight range between support and resistance. This setup is primed for a breakout to the upside.
💡 Key Levels:
TP1: 1.44960
TP2: 1.45706
TP3: 1.46614
Stop Loss: You can place your SL around 1.42831, just below the support level of the consolidation zone, to protect against false breakouts.
This is a high-potential setup with a great risk-to-reward ratio. Watch closely for the breakout, and let’s aim for those profits! 💰🚀
Trade smart, and good luck! 🔥
SWING TARGET (1.4800 OR 1.4000)There is both rising resistance and rising support.\
If rising support fails to buy, it could turn to rising resistance which will lead to selling.
Markets underprice US-Canada trade risks? Deutsche Bank thinks markets may be underestimating the risk of a trade war between the US and Canada.
In its analysis, the bank suggests that USD/CAD could rise to "at least" 1.53, with the potential to test the 2002 all-time high of 1.61. A trade war could push Canada into a recession, prompting the Bank of Canada to cut interest rates to as low as 1.50%, significantly below the 2.75% currently priced in by markets.
The Trump administration’s relationship with Canada may set a baseline for its broader trade policies, indicating that the potential impact on other trading partners' currencies might currently be underestimated by the market too. EUR/USD comes to mind in this regard.
Currently, USD/CAD has been trading within a tight range of 1.4260–1.4465 for over a month. The pair maintains a bullish outlook, supported by a rising 50-day Exponential Moving Average (EMA), which is currently around 1.4235.
Waiting for entryLet's wait for an entry on this trade. Support levels and price target have been set by doing a top down analysis. The price target is the ATH trading price for USDCAD, with looming tariffs and Trumps America First Agenda I'm speculating we will see USDCAD trade at its ATH again within the next 4 years. Im looking for an entry into this trade after the Canadian election, I want to see price come back down to a support level and then once market sentiment wears off from the election we will be looking for a reversal pattern on the smaller time frames.
Bearish pullbackDollar Cad is attempting to move above the 1.45000 mark, which is a strong resistance zone based on the W and M frames. If price action remains under the above zone, a bearish pullback may happen due to failing to go through this zone. Alternatively, a break above may yield more growth for the pair.
USCDAD Wave Analysis 22 January 2025
- USCDAD reversed from pivotal support level 1.4290
- Likely to rise to resistance level 1.4455
USCDAD currency pair recently reversed up from the pivotal support level 1.4290 (lower border of the sideways price range from December, which stopped previous waves A and (4)).
The support level 1.4290 was also strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the previous upward impulse from December.
Given the clear daily uptrend, USCDAD currency pair can be expected to rise in the active impulse wave (5) to the next resistance level 1.4455 (upper border of the active sideways price range).
USDCAD LONGPeak formation low break of structure away from the peak plus Elliott wave 2 lets go long
USD/CAD Buy Trade – Targeting 1.43358Pair: USD/CAD 🇺🇸🇨🇦
Direction: Long 🔼
Target: 1.43358 🎯
Time Horizon: By Tuesday, Jan 21, 23:15 UTC ⏳
USD/CAD has shown consolidation, with signs indicating a potential move upward. Market behavior suggests a gradual push toward the 1.43358 level, aligning with observed price action.
This trade is expected to reach its target by Tuesday at 23:15 UTC. Broader market influences, including USD strength and CAD market trends, may play a role in price progression. Monitoring closely for confirmation of anticipated movement. 🔍
IDEA USDCAD LONG POSITION Hi Traders
Pair: USDCAD
📈 Position: LONG( BUY )
✅ Entry: 1.43000
🛑 SL: 1.42750
🎯 Take Profits:
• TP 1: 1.43250
• TP 2: 1.43500
• TP 3: 1.43750 (Trailing SL)
Prepare For The Bearish BreakoutOur analysis is based on multi-timeframe top-down analysis & fundamental analysis.
Based on our view the price will fall to the monthly level.
DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you.
Please support our analysis with a like or comment!
Let’s master the market together. Please share your thoughts and encourage us to do more by liking this idea.
4 Central Banks, 1 Week Central bank decisions this week are poised to affect currencies, stocks, and bonds. Here’s what’s happening over the next 7 days:
The Bank of Japan (BoJ) Monetary Policy Meeting is scheduled for January 23-24, 2025. The yen rose against the dollar on Tuesday as traders anticipated a ~90% chance of an interest rate hike despite tariff concerns tied to Donald Trump’s policies.
The US Federal Open Market Committee (FOMC) will meet on January 28-29, 2025. While a rate cut is unlikely this month, a reduction in March or May remains a possibility.
The Bank of Canada (BoC) is expected to lower its benchmark interest rate by 25 basis points to 3.00% on January 29, 2025. This decision aligns with growing economic concerns following President-elect Donald Trump proposed 25% tariff on Canadian exports.
The European Central Bank (ECB) Governing Council will meet on January 30, 2025. A rate cut appears to be likely, albeit policymakers will be relieved that potential broader U.S. trade tariffs were avoided.
