Trendline break and Rising channelsThe price broke a bullish trendline and a rising channel followed by 3 pullbacks, this a strong sign of an upcoming bearish impulse, I have put my sell stop order and it's time to short
WE ONLY TRADE PULLBACKS
CADUSD trade ideas
Bullish bounce?USD/CAD has bounced off the support level which is a pullback support that aligns with the 78.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.4240
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci retracement.
Stop loss: 1.4160
Why we like it:
There is a pullback support level.
Take profit: 1.4364
Why we like it:
There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement.
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USDCAD Will Fall to 1.42446 The US dollar just took a big hit against the Canadian dollar, dropping all the way to 1.42446. This could be due to a weaker USD, stronger oil prices (which help Canada), or some big market moves. Traders are now watching closely to see if this is just a quick drop or the start of a bigger downtrend.
USDCAD Long/Buy Opportunity USDCAD has been in a strong uptrend, and this is driven by the introduction of tariffs under the Trump administration. I believe USDCAD will continue to go up.
BUY USDCADUSDCAD looks good for a buy towards the resistance before a potential short. I see price rising from now until NFP release tomorrow. 1,446 would be my final target
USD/CAD – 30-Min Long Trade Setup!🔍 🚀
🔹 Asset: USD/CAD
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Falling Wedge Breakout (Long Trade)
📌 Trade Plan (Long Position)
✅ Entry Zone: Above 1.43512 (Breakout Confirmation)
✅ Stop-Loss (SL): Below 1.43098 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: 1.44211 (First Resistance)
📌 TP2: 1.45058 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): 1.43512 - 1.43098 = 0.00414 per USD/CAD
📈 Reward to TP1: 1.44211 - 1.43512 = 0.00699 (1:1.7 R/R)
📈 Reward to TP2: 1.45058 - 1.43512 = 0.01546 (1:3.7 R/R)
🔍 Technical Analysis & Strategy
📌 Falling Wedge Breakout: Price is breaking out of a downward trendline, signaling a potential bullish reversal.
📌 Support Rejection: Strong bounce from 1.43098 support, confirming buyer interest.
📌 Breakout Confirmation Needed: Price should hold above 1.43512 with strong volume.
📌 Momentum Shift Expected: If price stays above 1.43512, an upside move to 1.44211, then 1.45058, is likely.
📊 Key Support & Resistance Levels
🟢 1.43098 – Stop-Loss / Strong Support
🟡 1.43512 – Breakout Level / Long Entry
🔴 1.44211 – First Resistance / TP1
🔴 1.45058 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Look for high buying volume above 1.43512 before entering.
📉 Trailing Stop Strategy: Move SL to break-even (1.43512) after TP1 (1.44211) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at 1.44211, let the rest run toward 1.45058.
✔ Adjust Stop-Loss to Break-even (1.43512) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If price fails to hold above 1.43512 and drops back, exit early to avoid losses.
❌ Wait for a strong bullish candle close above 1.43512 before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Breakout from a falling wedge suggests a potential trend reversal.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.7 to TP1, 1:3.7 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📈
USDCAD Will Fall! Sell!
Here is our detailed technical review for USDCAD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.445.
The above observations make me that the market will inevitably achieve 1.435 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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USDCAD reaches DEMAND ZONE! BUY!I have been following this pair for 2 weeks straight and I happened to take trade on thi zone when it formed. And it looks like price is revisiting our impulsive area of interest
📈 TRADE SETUP
-If price holds onto this demand, BUY heavy until price reaches new highs or an unmitigated supply zone further up the trens. But why? Because our main trend is bullish. And after a perfect trend we usually see price take traders out by making 'supposedly' original zone for the valid one and fuel trend further.
-IF THIS FAILS. WAIT AND SEE WHAT HAPPENS AND TRADE WITH THE TREND. Price is in EQUILIBRIUM (50% Fibo)
I hope the terms I used were simple enough for all, especially SMC and ICT. I personally trade supply and demand, while applying liquidity concepts.
Please comment on this one!
Trump’s Tariffs on Canada: USD/CAD Remains VolatileTrump’s Tariffs on Canada: USD/CAD Remains Volatile
We are witnessing a surge in market volatility (as reflected by the upward trend of the ATR indicator), influenced by the following factors, according to Reuters:
→ Trump’s Tariffs. On Tuesday, new 25% import duties on Mexico and Canada came into effect, while tariffs on Chinese goods were doubled to 20%.
→ Donald Trump’s first speech in Congress since taking office. In it, the US president made significant statements, including the announcement of new tariffs.
The US Dollar Index initially rose during Trump’s speech but later weakened to a three-month low. In theory, higher tariffs are positive for the US dollar. However, investors are looking beyond short-term safe-haven flows and are concerned about slowing US economic growth and the risk of stagflation.
Why Is Trump Imposing Tariffs?
Officially, US President Donald Trump is introducing tariffs on Canada to combat the "extraordinary threat" to US national security posed by uncontrolled drug trafficking.
However, according to Canadian Prime Minister Justin Trudeau, Trump’s tariffs are aimed at weakening Canada’s economy—or even pushing it towards collapse—so that the US could more easily annex Canadian territory.
Technical Analysis of USD/CAD
In our previous USD/CAD analysis, we highlighted key levels:
→ Resistance at 1.44600
→ Support at 1.43600
New chart data shows that bulls attempted to break through the 1.44600 resistance level, but the price failed to hold above the psychological barrier of 1.45000. Support at 1.43600 remains relevant for now.
Bulls may attempt another push upwards if the price retraces to the lower blue trendline. However, whether this scenario plays out will largely depend on the broader fundamentals related to Trump’s tariffs on Canada, Mexico, and China.
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USDCAD ANALYSISPrice is currently at a monthly resistance also forming a triple top pattern. Price is expected to rally down and we have currently seen the formation of a double top or ''M'' pattern on the lower time fame signifying that the pair will soon be selling off. I will go in once i get my confirmations.
Enjoy the ride.
USDCAD Surges to 1.47979 – Bulls in Full Control! 🔥 USDCAD Surges to 1.47979 – Bulls in Full Control! 🚀
The USDCAD pair has rallied aggressively, reaching 1.47979 as bullish momentum dominates the market. With strong buying pressure and key resistance levels being tested, traders are eyeing potential breakouts or retracements. Keep an eye on market fundamentals and technical signals for the next move!
#USDCAD #ForexTrading #USDCADRally #MarketAnalysis #TradingSignals
USD/CAD – High Probability Long SetupHey guys, welcome back! I'm Skeptic, and today I want to share an interesting long setup on USD/CAD that could present a solid trading opportunity. Let's break it down!
📌 1D Timeframe Analysis
After the previous uptrend, USD/CAD entered a long consolidation phase within a daily range.
Recently, we saw a fake breakout of the range low, followed by strong bullish momentum, indicating a potential attempt to break the key resistance at 1.45172.
If this breakout is successful, we could see higher targets being tested.
📌 4H Timeframe & Entry Plan
🔹 Trigger: Entry after the breakout of 1.44545 resistance.
🔹 Execution: You can either place a stop-buy order or wait for a breakout confirmation on lower timeframes.
🔹 Stop-Loss: Below 1.43677 (safe level).
🔹 Target: Holding towards the daily resistance at 1.45172 and beyond.
📌 Why take this trade?
We are anticipating the daily breakout before it happens, rather than chasing it after the fact.
If you wait for confirmation above 1.45172, you may need a wider stop-loss, making the entry less favorable due to increased volatility.
📉 Risk management remains key! Make sure to size your position accordingly and avoid overleveraging.
💬 What’s your take on this USD/CAD setup? Drop your thoughts below!
🚀 See you in the next analysis!
USDCAD SELL OPPORTUNITY!USDCAD has been on a clear Downward and has a high probability to continue selling after we had a further decline in price at the early hours of New York session. A sell opportunity is envisaged from the current market price.
Short after intraday break of structure After htf Liquidity run, there was an intraday BoS (break left structure) so we short After a pullback.
Good news for USDThe news release this morning at the start of the NY session was good for USD.
Even with price pushing a little below 1.43755, it was only a temporary push to the downside.
I'm looking for USDCAD to close above 1.44450.
USDCAD INTRADAY Bullish continuation above 1.4370Bullish Scenario:
The USD/CAD pair maintains a bullish intraday sentiment, supported by the longer-term uptrend. The key level to watch is 1.4370, which acts as a critical support zone. If the price pulls back but finds support at 1.4370 and rebounds, the uptrend could resume, targeting 1.4470, with further resistance levels at 1.4530 and 1.4560 over the longer timeframe.
Bearish Scenario:
A confirmed break below 1.4370, especially with a daily close beneath this level, would invalidate the bullish outlook. This could lead to further downside movement, with immediate support at 1.4328, followed by 1.4300 and 1.4272, signaling a deeper corrective pullback.
Conclusion:
The overall trend remains bullish, with 1.4370 as the key pivot level. Holding above this support reinforces the upside potential, while a confirmed breakdown below it could shift momentum toward a deeper retracement. Traders should monitor price action around this critical level for confirmation of the next move.
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.
Clear failure of the USDCAD yesterday. Support may break. Intraday Update: After the failure of the 61.8% retracement yesterday at the 1.4549 level, the Loonie is back at support at the 1.4370 level and holding ahead of any new tariff announcements today. A break of this level would open a move back below the 1.4200 level.
USDCAD H4 ShortRemember, successful trading relies on proper risk management and a disciplined approach. Use stop-losses to safeguard your assets and carefully plan each trade. Analysis is the key to making informed decisions. Stay updated and continue refining your strategies!
MEASURED MOVE USD/CADCharting a measured move to the upside in USD/CAD with substantial upside potential.
Market Overview: Major Currency Pairs - Week 9/2025(February 24,Market Overview: Major Currency Pairs - Week 9/2025(February 24, 2025 - March 3, 2025)
📉 USDCAD
🔗 Link to chart:
📊 Active Price Range: 1.429 - 1.404
📉 Main Trend: Swing SELL D1
⚙️ Setup: Sell H1-D1, waiting for trading signals from Rainbow Sniper
💴 USDJPY
🔗 Link to chart: TradingView
📌 Current Status: USDJPY is in a SELL trend. The SELL signal has been active for multiple weeks, and the downtrend remains strong. If no position has been taken, any new trades should only be short-term scalping due to increased sensitivity to losses from price corrections.
📊 Active Price Range: 151-152 - 142
📉 Main Trend: Swing SELL W
⚙️ Setup: SELL H1-D1 and SELL H4-W, waiting for trading signals from Rainbow Sniper
💵 USDCHF
🔗 Link to chart: TradingView
📊 Active Price Range: 0.8899 - 0.9589
📈 Main Trend: BUY
⚙️ Setup: BUY H1-D1, waiting for trading signals from Rainbow Sniper
💷 GBPUSD
🔗 Link to chart: TradingView
📌 Current Status: GBPUSD was in a corrective upward movement last week on D1 but has not yet confirmed a SELL on D1 based on Rainbow Sniper. This week, GBP is expected to continue its upward move on D1 before looking for a Swing SELL signal.
⚙️ Setup: Scalping BUY H1-D1, waiting for Swing SELL H1-D1 and SELL H4-W, waiting for trading signals from Rainbow Sniper
💶 EURUSD
🔗 Link to chart: TradingView
📌 Current Status: Similar to GBP, but the BUY momentum is weaker than GBP. The pair is still in a corrective BUY phase on D1, which was not completed last week and is expected to continue this week before waiting for a Swing SELL signal.
⚙️ Setup: Scalping BUY H1-D1, waiting for Swing SELL H1-D1, waiting for trading signals from Rainbow Sniper
🇦🇺 AUDUSD
🔗 Link to chart: TradingView
⚙️ Setup: Scalping SELL H1-D1, waiting for trading signals from Rainbow Sniper
🇳🇿 NZDUSD
🔗 Link to chart: TradingView
📌 Current Status: NZD and AUD have some remaining BUY momentum, but NZD has enough tolerance to execute the BUY movement before transitioning to a SELL setup.
⚙️ Setup:
🔼 Scalping BUY H1-D1
🔽 Scalping SELL H1-D1 (after completing the BUY phase)
usdcad sell tradeThe Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move
