USDCAD ahead of CPIagain i see another oppurtunity ahead of CPI. I won NFP now lets win CPI scared money don't make money
CADUSD trade ideas
4-hr USD/CAD: A Set up for 100 Pip JumpThe Dollar remains strong, with buyers firmly in control since the Fed's December comments hinting at fewer 2025 rate cuts. This drove a 400-pip rally in USD/CAD, now facing resistance near 1.4450 as early buyers take profit. Corrections are part of healthy trends, and the pair is testing support at the 23% Fibonacci retracement. A dip below this level toward 38.2% Fibonacci is possible.
For an optimal risk-reward setup, we prefer buying near 1.43, targeting a rise toward or beyond 1.44. This view is reinforced by the Golden Cross—a strong buy signal indicating upward momentum.
However, CPI data today could shift dynamics. If inflation falls short of expectations, the USD might face a deeper correction toward 1.42, aligning with the 50% Fibonacci retracement level.
#USDCAD 1DAYUSDCAD (1D Timeframe) Analysis
Market Structure:
The price was supported by a trendline, but after forming a consolidation range near this Resistance, it has broken down, indicating potential bearish momentum. The breakdown suggests that the buyers were unable to hold the trendline, and selling pressure has increased.
Forecast:
A sell opportunity is anticipated as the breakdown below the trendline and range indicates a shift in market sentiment toward the downside.
Key Levels to Watch:
- Entry Zone: Consider entering a sell position after a retest of the broken trendline or consolidation range as resistance.
- Risk Management:
- Stop Loss: Placed above the retest level or recent swing high to manage risk.
- Take Profit: Target the next support levels or Fibonacci retracement areas for potential downside targets.
Market Sentiment:
The breakdown of the trendline support signals bearish sentiment, with further downside likely if the price remains below the retest level. Proper confirmation is recommended before entering the trade.
USDCAD Best sell opportunity in 5 years!The USDCAD is standing on unique grounds as it is just below the 9-year Resistance Zone and is consolidating. Last time it hit this Zone was on the week of March 16 2020 and as you can see it got brutally rejected.
Both the January 18 2016 and March 16 2020 tops have similar 1W RSI patterns and after their rejection, the price's first stop was on the 0.236 Fibonacci level. As a result, our Target is 1.26000 on this unique long-term sell opportunity.
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Potential bullish rise?The Loonie (USD/CAD) has reacted off the pivot which acts as an overlap support and could rise to the 1st resistance which has been identified as a pullback resistance.
Pivot: 1.4342
1st Support: 1.4323
1st Resistance: 1.4382
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USDCAD focuses on bullish GartleyOn the 4-hour chart, USDCAD is currently running at a high level, and the overall trend is oscillating. At present, we can pay attention to the potential bullish Gartley pattern, and the buying position is around 1.4316. At the same time, this position is in the previous demand area.
US DOLLAR WEAKENING WHILE CANADIAN DOLLAR STRENGTHENING!With USD/CAD showing weakness, the pair is likely to fall and revert to its mean.
N.B!
- USDCAD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#usdcad
#dollarindex
#canadiandollar
USD_CAD WILL GO UP|LONG|
✅EUR_USD is trading in an uptrend
Along the rising support line
Which makes me bullish biased
And the pair is about to retest the rising support
Thus, a rebound and a move up is expected
With the target of retesting the resistance above at 1.4440
LONG🚀
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AUD/CAD Consolidation: Key Levels to Watch for a BreakoutAUD/CAD is currently trading within a symmetrical triangle pattern, moving sideways between the green support zone and the red resistance zone.
The lower rising trendline is providing strong support as the price approaches the apex of the pattern.
Stay tuned for a potential breakout above the red resistance zone.
DYOR, NFA
Bearish reversal off 61.8% Fibonacci resistance?The Cable (USD/CAD) is rising towards the pivot which liens up with the 61.8% Fibonacci retracement and could drop to the 1st support.
Pivot: 1.4403
1st Support: 1.4340
1st Resistance: 1.4442
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Canadian Dollar Rises Amid Tariff Concerns and Oil GainsHello,
FX:USDCAD : The Canadian dollar slightly rose against the U.S. dollar, with bond yields reaching multi-month highs, partly recovering from recent declines due to U.S. trade tariff threats. The loonie traded at 1.4405 to the U.S. dollar, recovering from a near 5-year low in December. Concerns about potential U.S. tariffs and their impact on the Bank of Canada have influenced the market. Despite strong job data in December, investor confidence in further BoC rate cuts has waned. Speculators have increased bearish bets on the Canadian dollar. Meanwhile, the U.S. dollar gained against major currencies as expectations for Federal Reserve rate cuts diminished. Oil prices rose 2.9% to $78.82 per barrel due to anticipated U.S. sanctions on Russian oil. The Canadian 10-year yield increased to 3.507%, marking its highest level since July 9.
For this pair a bearish reversal is still anticipated in the near future!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
SHORT in USDCADHello fellow traders,
We have witnessed a notably bullish trend in the USD over the past few weeks. However, I am anticipating a significant correction soon. Based on technical analysis and the recent rise in oil prices, I am considering opening a short position on USDCAD.
What are your thoughts on this strategy? I would appreciate any insights or opinions you might have.
USD-CAD Strong Uptrend! Buy!
Hello,Traders!
USD-CAD made a bearish
Pullback from the resistance
Level of 1.4469 just as I
Predicted in my previous
Analysis but as the pair is
Trading in a strong uptrend
We are bullish biased so
After the pair retests the
Rising support line we
Will be expecting a
Further bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Falling towards overlap support?USD/CAD is falling towards the support level that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.4369
Why we like it:
There is an overlap support level that aligns with the 50% Fibonacci retracement.
Stop loss: 1.4340
Why we like it:
There is an overlap support level.
Take profit: 1.4443
Why we like it:
There is a pullback resistance level.
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USD/CAD Bulls Eye Resistance for Fifth WeekUSD/CAD has been trading just below resistance for over a month now at the 1.618% extension of the 2023 advance at 1.4483 . Note that the upper parallel of the ascending pitchfork continues to cap the December breakout.
Initial support rests with the 75% parallel (currently ~ 1.43 ) with bullish invalidation now raised to 1.4099-14115.
Ultimately a breach / close above the 2016 close high at 1.4538 is needed to fuel the next major leg of the advance towards 1.4660/90 - a region defined by the 78.6% retracement of the 2003 decline, the 1.618% extension of December advance and the 2016 high. Look for a larger reaction there IF reached.
MB
USDCAD Will Go Up From Support! Long!
Take a look at our analysis for USDCAD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.438.
The above observations make me that the market will inevitably achieve 1.444 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
Usdcad bearish entry level🌟 USDCAD Analysis 🌟
I shared this last before it got to the entry.
We've seen a strong uptrend in #usdcad for a while now, but what's next? 📈
✔️ Double high formation
✔️ A nice bearish engulfing pattern breaking out of the trend
Now there is a retest on the trendline, and then it's time to buckle up for a bearish loooong ride! 🔥
Let's see how it plays out and if the bears can take control! 🐻
Note: This base on technical factors
Two very high impact news this week, PPI and CPI
USDCAD BEARISH BATHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
