USDCAD.PRO.OTMS trade ideas
WHY USDCAD IS DROPPING ?? DETAILED ANALYSISUSDCAD is currently reacting from a strong daily supply zone after a sustained upside move, and we are now seeing clear signs of bearish structure forming. Price has broken through multiple short-term supports and is now trading around the 1.38600 level, sitting right above a key demand zone that held in late 2023. Given the aggressive sell-off and rejection from the 1.43400–1.44500 resistance range, the market appears to be preparing for a deeper retracement. My bearish target is 1.34600, which aligns with the previous major demand level and psychological support.
Technically, the chart shows two strong bearish engulfing moves from supply, followed by lower highs and lower lows. This shift in structure combined with repeated rejections from resistance zones indicates the momentum is shifting in favor of sellers. If the current zone fails to hold on the retest bounce, we could see a strong continuation leg down. I expect a minor correction toward 1.41600 before further downside resumes, offering an ideal risk-reward short setup for swing traders.
From a fundamental perspective, the Canadian Dollar remains firm, supported by strong crude oil prices as WTI holds above $85 amid geopolitical tensions and production cuts. At the same time, recent U.S. data has shown mixed signals, with sticky inflation keeping the Fed cautious, but slowing job growth and consumer spending raising concerns. If oil prices remain elevated and Fed rate cut expectations increase later this quarter, the USDCAD pair is likely to stay under pressure.
With CAD strength driven by energy markets and the USD facing headwinds from softening macro indicators, this setup aligns both technically and fundamentally for a bearish continuation. I’ll be watching for clean rejections from the 1.40000–1.41600 resistance zone before loading more shorts toward 1.34600. Patience is key — this could be a high-probability move in the coming weeks.
USD/CAD long positionEntry: Long at 1.3850
Stop Loss: 1.3775
Risk: 5 positions, each with 0.1% risk (total 0.5%)
Outlook: Medium-term (days to weeks)
Notes: Acknowledges potential downside to 1.36 if 1.38 breaks. Will consider re-entry at 1.36 if stopped out.
USDCAD Wave Analysis – 11 April 2025- USDCAD broke support zone
- Likely to fall to support level 1.3800
USDCAD currency pair recently broke the support zone between the support level 1.4040 (which reversed the price sharply at the start of April, as can be seen below), 50% Fibonacci correction of the upward price move from September and the support trendline of the daily down channel from March.
The breakout of this support zone accelerated the active short-term impulse wave 3 – which belongs to intermediate impulse wave (C) from February.
USDCAD currency pair can be expected to fall to the next support level 1.3800, former monthly low from November.
USD/CAD For Bullish as Pull-Backyou can go long now
general trend is down trend
current phase is pull-back
have fun :)
Pivot points and a bat pattern This is a bias view, bat patterns turned in one direction or another can be considered bullish or bearish. The pitchfork is of a three year multi wave system. It apparently has another wave up from the low as it’s established.
#USDCAD: We took the Swing Sell, Now let's focus on Swing Buy! The USD/CAD exchange rate experienced a significant decline, reaching its all-time high against the USD. This decline is primarily attributed to the ongoing trade dispute between China and the United States, which has led to a depreciation of the USD and resulted in a yearly low.
However, we anticipate a potential reversal in the price trajectory. We identify a favourable area where the price may stabilise and address the liquidity gap it has created.
We have established three targets, and to effectively utilise these targets, we recommend executing small entries with each target set based on a predetermined take-profit level.
We extend our sincere gratitude for your unwavering support throughout this journey within this community. Additionally, we appreciate the contributions of each individual who has supported our endeavours. We are pleased to announce that we have garnered 20,000 followers.
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Team Setupsfx_
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#USDCAD:Swing Sell Possibly Worth 980+ Pips? Dear Traders,
We are approaching a strong bearish hold where we estimate price to reverse from depending on how market treat DXY in coming weeks. Please use accurate risk management.
#USDCAD: Two Big Target Accumulating of 800+ Pips! **USDCAD **
Following the US President’s decision to impose a 25% tariff rate on Canada, the USD/CAD exchange rate experienced a significant surge, reaching approximately 1.49. However, as the market has stabilised, we anticipate a gradual decline in the exchange rate, which may help bridge the liquidity gap.
Two prominent red lines serve as potential entry and stop-loss points. Additionally, two designated targets are set as swing take-profit areas.
We appreciate your unwavering support. Should you have any inquiries regarding the strategy or any trading-related questions, please do not hesitate to provide feedback.
Team Setupsfx_
USCAD BUYThis pattern is called “price divergence “ let’s see of market plays this pattern out, we have amazing volume these days in market
2 RRR
GL Traders
Not Advice !
Weekly Buy Trade Plan – USD/CAD (April 2025)This is a weekly timeframe bullish setup on USD/CAD, focusing on a high-probability buy opportunity based on key support structure and RSI dynamics.
🧠 Technical Outlook:
Price has strongly rejected a major historical support zone around 1.37781 – 1.38800, highlighted by the green horizontal line.
This level has acted as strong support multiple times in the past, making it a key demand zone for potential reversal.
After a strong bearish leg, the current price action suggests exhaustion in selling pressure, indicating a likely bounce from this level.
💹 Why Long?
Price is sitting right above the support zone, with buyers stepping in around the 1.38800 level.
This area aligns with previous structure and is a likely zone where institutional buyers may accumulate.
📊 RSI Analysis:
RSI (14) is at 39.99, entering the oversold territory and showing early signs of potential reversal.
Although momentum is still bearish, this is where contrarian entries often occur—anticipating a bounce back toward midline (50+) or higher.
✅ Trade Setup Details:
Entry: Around 1.38800 zone (current support zone)
Stop Loss: Below 1.37781 (to protect against deeper correction)
Take Profit: Targeting the 1.42000 – 1.43000 resistance zone
Risk-Reward Ratio: Around 1:2.5 or better, offering a solid return potential if price rebounds
⚠️ Trade Management Tips:
Watch for bullish confirmation candles on the daily or H4 for added confluence.
Monitor USD and CAD fundamentals for short-term volatility (e.g., interest rate decisions, oil prices).
Secure partial profits near 1.41000 and trail your stop.
USDCAD - Long-Term Long!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈USDCAD has been overall bullish from a macro perspective trading within the rising blue channel.
This week, USDCAD has been in a correction phase trading within the falling red channel.
Moreover, the green zone is a strong resistance turned support.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower red/blue trendlines acting non-horizontal support.
📚 As per my trading style:
As #USDCAD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USD/CAD 1H – Bearish Setup with SBR & DBD Zone | Trendline BreakKey Zones:
🔵 Entry Point (Sell):
Around 1.41300–1.41500 (Supply Zone: SBR + DBD zone)
Price is expected to pull back here before dropping
This is the ideal place to look for bearish confirmation
🟦 Supply Zone (Resistance)
🔴 Stop Loss:
Just above 1.41804
If price hits this, the bearish idea is invalidated
⚠️ Protection zone
🟡 Demand Zone (Support):
1.40000–1.40500
Price may bounce here temporarily
Watch for consolidation or breakout
🟢 Take Profit / Target Point:
1.39320
This is the final target for the short position
Potential -1.36% move / 192.7 pips
💰 Profit zone
Visual Summary with Dots:
🔵 Sell Entry: Around 1.41400
🔴 Stop Loss: Above 1.41800
🟢 Take Profit: At 1.39320
Short trade
Day TF overview
📉 Trade Breakdown – Sell-Side (USDCAD)
📅 Date: Thursday, April 10, 2025
⏰ Time: 10:30 AM (New York Time) – NY Session AM
📈 Pair: USDCAD
📉 Trade Direction: Short (Sell)
Trade Parameters:
Entry: 1.40162
Take Profit (TP): 1.39390 (–0.55%)
Stop Loss (SL): 1.40307 (+0.10%)
Risk-Reward Ratio (RR): 5.32 ✅
Reson: Try to attempt the NY reversal narrative assuming bearish sentiment
30min TF overview
change the trend The downward trend is expected to move along the specified path and continue to the support range. Then, the possibility of a trend change and the start of an upward trend is likely.
USD/CAD(20250411)Today's AnalysisMarket news:
The annual rate of the US CPI in March was 2.4%, a six-month low, lower than the market expectation of 2.6%. The market almost fully priced in the Fed's interest rate cut in June. Trump said inflation has fallen.
Technical analysis:
Today's buying and selling boundaries:
1.4013
Support and resistance levels:
1.4170
1.4112
1.4073
1.3952
1.3914
1.3855
Trading strategy:
If the price breaks through 1.4013, consider buying, the first target price is 1.4073
If the price breaks through 1.3952, consider selling, the first target price is 1.3914
USDCAD BEARISHUSDCAD bearish in h1
break lower low and print new lower high
at current its on good fib level 0.61%
continue its bearish trend and to comlplete its d point of ab=cd patten
USD/CAD bears eyeing deeper downside flushUSD/CAD bears will be eyeing a meaningful downside flush with the pair breaking and closing beneath the 200-day moving average on Thursday, hitting fresh year-to-date lows in the process.
The price now finds itself below 1.3947, the high set in August last year. The break may encourage others to join the bearish move, generating a setup where shorts could be established with a stop placed above the level for protection.
1.38115 screens as an initial target, with other minor levels such as 1.3748, 1.3700 and 1.3647 also in play. Momentum indicators favour retaining a bearish bias, with RSI (14) trending strongly lower but not yet oversold. MACD further bolsters the bearish signal.
If the price were to reverse back above the 200DMA, the overall bearish bias would be invalidated.
Good luck!
DS
USDCADmy view on usd cad supported by market structure and a wave pattern ive being following for a couple months.
Usdcad Usdcad on a 1 week , 1 day and 4hrs we will see that the market is on a down trend but we are expecting a possible retracment to the support level that was just broken so we sell more
USDCAD on measure support Pullback from hereUSDCAD is currenlty on major weekly support and price would move Likly upward. this is also downtrend channel support.
USD_CAD REBOUND AHEAD|LONG|
✅USD_CAD is falling again to retest the support around 1.3900
But it is a strong key level
So I think that there is a high chance
That we will see a bullish rebound and a move up
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USDCAD selloff ? I see USD in trouble and see this waterfall here , it could go wrong if USD somehow does something to prevent it. Lets see what markets has prepared for us today !
2.6 RRR
GL Traders
Not Advice
