USDCAD SellPossible Quickly move to downside.. we'll seee, i don't know why they said i need to type more i mean they say that's a very less discription so i put this crap.. let's see now what they say
CADUSD trade ideas
Could the Loonie reverse from here?The price is rising towards the pivot, which has been identified as a pullback resistance and could reverse to the 127.2% Fibonacci support.
Pivot: 1.3767
1st Support: 1.3634
1st Resistance: 1.3856
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 Hello traders,
Since I didn't find any valid opportunities on my primary pairs today, I looked into some alternative setups — and USDCAD caught my eye 🙂
I spotted a potential sell opportunity, and I’ve already entered the trade. Below are the details of my entry and target levels:
🔍 Trade Details:
✔️ Timeframe: 15-Minute
✔️ Risk-to-Reward Ratio: 1:1.50 / 1:2
✔️ Trade Direction: Sell
✔️ Entry Price: 1.37248
✔️ Take Profit: 1.37054
✔️ Stop Loss: 1.37345
🔔 Disclaimer: This is not financial advice. I’m simply sharing a trade I’ve taken based on my personal trading system, strictly for educational and illustrative purposes.
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USD/CAD Holds Near 2025 LowUSD/CAD Holds Near 2025 Low
As the chart shows, the USD/CAD exchange rate hit its lowest level of 2025 on 2nd June, nearing the 1.3680 mark. Although there was a partial recovery on 3rd June, it was not substantial.
These fluctuations reflect market participants’ cautious sentiment ahead of key announcements scheduled for today, 4th June:
→ At 15:15 (GMT+3), the ADP Employment Change figures will be released, offering insight into the US employment situation. Traders are concerned as the previous reading was only +61K — a sharp contrast to the consistent triple-digit increases seen throughout 2024.
→ At 16:45 (GMT+3), the Bank of Canada will announce its interest rate decision. According to ForexFactory, analysts expect the overnight rate to remain unchanged at 2.75%, though surprises cannot be ruled out.
Technical Analysis of USD/CAD
Since the second half of April, the price has been moving within a downward channel (marked in red), largely influenced by tariff-related developments in US-Canada trade relations.
Bulls are attempting to prevent further decline, taking advantage of the support provided by the channel’s lower boundary. Note the sharp rebound following a failed bearish breakout (marked with an arrow), which suggests strong demand around the 1.3700 level.
On the other hand, bears have gained control over the 1.3800 level, based on the following:
→ The exchange rate found local support at this level on 29th May, but it was breached on 30th May.
→ The drop from 30th May was notably aggressive, indicating strong selling pressure.
Given the above, it is reasonable to assume that if, following today’s news, the USD/CAD rate remains within the 1.3700–1.3800 range, it may signal that supply and demand have reached a stable balance. This could suggest that the pair is ready to stabilise after the intense volatility seen in the first half of April.
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.
USD/CAD Setup _ Bearish Momentum BuildingThe USDCAD 45-minute chart shows a clear downtrend, with price breaking below a rising channel and retesting a previous support-turned-resistance zone. A bearish breakout has occurred, indicating strong selling momentum. The confluence of trendline resistance and horizontal zone rejection reinforces the bearish bias. Price action has failed to sustain above the marked resistance, suggesting further downside. The setup is based on a break-and-retest strategy, favouring short positions as long as price remains below the resistance zone.
Entry: 1.37200
1st Target: 1.36480
2nd Target: 1.36190
UsdcadI was to hold this trade to the last zone but I discovered a retracment yesterday so I was really looking at the zone that it was on and we had a slow movement so I left the trade waiting for a retracment be4 the continuation of the sell
USD/CAD💰Symbol: { USD/CAD }
🟩Price: { 1.37435 }
🟥Stop: { 1.37045 }
1️⃣profit: { 1.37817 }
2️⃣profit: { 1.38240 }
3️⃣profit: { 1.38619 }
📊Check your chart before entering.
🚨Check before use to make sure there is no important news.🚨
USDCAD - Short ContinuationHave a really nice short currently open on USDCAD
However I am looking to get a further position opened which come in the morning.
There's a clear break of structure.
- A nice FVG left behind.
- We are creating liquidity / inducement
- All pointing towards a nice further sell off in the morning.
Ideal situation is we sweep Asian session highs in the morning in the hope we move lower
USDCAD BUYWaiting for rejection off the liquidity zone.
Then I will look to buy from that zone.
Buying only after the break above the HMA and the retest of the liquidity zone
**This is just my trading thought process and does not constitute as financial advice.
**Please trade with proper risk management*
USD/CAD BUYING OPPORTUNITY.i'm waiting for a buying opportunity here on the USD/CAD because i believe its continuing the bullish movement and it has also broke out from a descending triangle on a 4H and retested it and it currently has good bullish momentum.
trade viewthis is just a trade view
i am looking for trade from to the upper demand zone.
usd cad was falling and took support and started bouncing.
if usd gains strength then this trade can give you good return
I am very bullish I expect the price to move from the black line after a bounce from the major support level down. As a swing trader, I will be looking at price moving back to the next zone
Evening Forecast 3/6/2025 on USDCADHello, this is my Evening Forecast 3/6/2025 on USDCAD. Curious for your comments and feedback. Thank you!
Usdcad buy enteryReady to fly
But wait first to sweep low and our bullish level
Monthly weekly oversold
TECHNICAL APPROACH - USDCAD SHORT FORECAST Q2 W23 D23 Y25🔥👀USDCAD SHORT FORECAST Q2 W23 D23 Y25
TECHNICAL HOTPICK ! 💥💥
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
USDCAD 1H AB=CD pattern Bullish ReversalUSDCAD 1H AB=CD pattern Bullish Reversal
Stop Loss: 1.37172
Buy Stop: 1.37635
TP1: 1.38102
TP2: 1.38567
In Harmonics, There could be divergence and there might not be
Risk-Reward = Reward / Risk = 1% to 1%
Bullish bounce?USD/CAD is reacting off the support level which is a pullback support and a bounce off this level could indicate a double bottom pattern which might lead to a potential price rise to our take profit.
Entry: 1.3691
Why we like it:
There is a pullback support level.
Stop loss: 1.3634
Why we like it:
There is a support level at the 127.22% Fibonacci extension.
Take profit: 1.3818
Why we like it:
There is a pullback resistance level.
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USDCAD: Will It Drop Lower? 🇺🇸🇨🇦
I successfully predicted a bearish move on USDCAD on Friday.
Because the trend is bearish, I think that the pair may drop
even below a current structure low.
Next strong support that I see is 1.3652.
It might be the next goal for the bears.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USD/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are going short on the USD/CAD with the target of 1.375 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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✅
USDCAD: Bearish Trend Continues 🇺🇸🇨🇦
Amid the geopolitical tensions and a bullish rally on Crude Oil,
USDCAD is going to drop more.
The closest support that I see is 1.3545.
It will be the next goal for the sellers.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USDCAD has formed a bullish bat patternOn the weekly chart, USDCAD formed a bullish bat pattern. The current market is in the previous demand area. You can consider buying around 1.3580, and the upside target is around 1.3943.
Bearish continuation for the Loonie?The price has rejected off the pivot and could drop to the 1st support which acts as a pullback support.
Pivot: 1.3725
1st Support: 1.3430
1st Resistance: 1.3837
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.
