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USD/JPY(20250417)Today's AnalysisMarket news: U.S. import prices fell 0.1% in March from the previous month, the first month-on-month decline since September last year. Technical analysis: Today's buying and selling boundaries: 143.10 Support and resistance levels: 144.08 143.72 143.48 142.72 142.48 142.11 Trading strategy: If the price breaks through 143.10, consider buying, the first target price is 143.48 If the price breaks through 142.72, consider selling, the first target price is 142.48
Long
by BraveTigercat
USD/CAD(20250417)Today's AnalysisMarket news: U.S. import prices fell 0.1% in March from the previous month, the first month-on-month decline since September last year. Technical analysis: Today's buying and selling boundaries: 1.3923 Support and resistance levels: 1.4050 1.4002 1.3972 1.3875 1.3844 1.3797 Trading strategy: If the price breaks through 1.3972, consider buying, with the first target price at 1.4002 If the price breaks through 1.3923, consider selling, with the first target price at 1.3875
Long
by BraveTigercat
USDCAD INTRADAY bearish below 1.4060The USDCAD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 1.4060, which represents the current intraday swing low and the falling resistance trendline level. In the short term, an oversold rally from current levels, followed by a bearish rejection at the 1.4060 resistance, could lead to a downside move targeting support at 1.3825, with further potential declines to 1.3700 and 1.3540 over a longer timeframe. On the other hand, a confirmed breakout above the 1.4060 resistance level and a daily close above that mark would invalidate the bearish outlook. This scenario could pave the way for a continuation of the rally, aiming to retest the 1.4160 resistance, with a potential extension to 1.4270 levels. Conclusion: Currently, the USDCAD sentiment remains bearish, with the 1.4060 level acting as a pivotal resistance. Traders should watch for either a bearish rejection at this level or a breakout and daily close above it to determine the next directional move. Caution is advised until the price action confirms a clear break or rejection. 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 – Bullish Reversal Zonea at Trendline + Morning StarUSD/CAD is currently forming a bullish reversal setup, which often signals a potential upside move. Right now, the price is testing a key support and a historical demand zone, while also printing a Morning Star candlestick pattern on the daily timeframe, which is a classic bullish reversal signal. ⚠️ If buyers hold the trendline and we see a breakout above the recent minor high around 1.3950, we could see a bullish move toward the 1.4050–1.4170 zone. 🎯 🔹 Trade Setups to Consider: 1️⃣ Aggressive Long (Based on Morning Star Pattern) 📍 Entry: 1.3915 🛑 Stop Loss: 1.38143 🎯 Targets: 1.40248 ➡️ 1.41290 💬 What’s your view on USD/CAD? Drop your thoughts below 👇 #Forex #TradingSetup #PriceAction #TechnicalAnalysis #TradeIdeas #FX #USDCAD #Reversal #MorningStar #CandlestickPatterns #TrendlineSupport
Long
by ByteSignals
USDCAD Selling not over yet.Last time we looked at the USDCAD pair (March 21, see chart below), we got the most optimal sell entry that easily hit our 1.4000 Target: As the price broke below its 1D MA200 (orange trend-line) having made a significant correction since the February 03 High, we believe there is more selling to be made at least on the short-term. That is because the Higher Lows Zone that started on the May 2021 market bottom, hasn't yet been tested and since December 2023, the market always broke inside it before rebounding. As a result, we expect a new rejection on the 1D MA200, delivering a 1.38200 Target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 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 TradingShot
1
THE LONNIE TANKED IN THE WAKE OF A SOFTER INFLATION READINGThe Lonnie is seen bearish during the Asian session. Meanwhile the overall trend is bearish but rebounded the previous day to close at 1.3958 a cumulative of + 58% for the day. The pair witnessed a slight resistance somewhere around 1.3977 but tanked afterwards and maintained this trajectory today the 16th of April 2025. The pair is seen hovering around 1.3916 and 1.3904 which serves as minor support while waiting for the next catalyst to drive prices. Talking about catalyst that drives prices, on the radar yesterday we saw the annual inflation rate in Canada fell to 2.3% in March of 2025 from eight-month high of 2.6% in the previous month, below market expectations that it would remain at 2.6% and below forecasts by the central bank of 2.5%. This decline could further explain the tank in the pair. UPCOMING CATALYST: Later today at 4:30PM GMT +4, markets await the release of U.S core retail sales and retail sales m/m simultaneously with a forecast of 0.4% a slight tick up from 0.3% from previous month and 1.3% a significant increase from 0.2% from previous month respectively. At 5:45PM GMT +4, the BoC would likely hold its interest rate steady at 2.75% for the first it’s holding rate since June 2024. LEVELS TO WATCH: In view of the upcoming data release, analyst expects price to tank further to 1.3868 and probably resisted around 1.3833 if the CAD is strengthened against the USD, on the flipside, in the event that the USD gains momentum, then potential target would be around 1.3972 and further rally would eye 1.4071. However, further breakout of these levels is not ruled out as per analyst.
by CFI