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USD/CAD (OANDA EU Clients)

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Bearish reversal off overlap resistance?USD/CAD is rising towards the resistance level which is an overlap resistance and could drop from this level to our take profit. Entry: 1.4406 Why we like it: There is an overlap resistance level. Stop loss: 1.4486 Why we like it: There is a pullback resistance level. Take profit: 1.4299 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
1
USD/CAD Short Trade SetupJust entered a bearish position on USD/CAD at 1.4350 with clear technical alignment. Price reached our sell zone after recent rejection from higher levels. Trade Details: Entry: 1.4350 (sell zone) Stop Loss: 1.4420 (above recent swing high) Take Profit 1: 1.4260 (previous support) Take Profit 2: 1.4150 (major support) Risk-Reward: 1:2 for first target, 1:3.5 for second target Price showing bearish momentum on multiple timeframes. The 1H chart confirms resistance at our entry level, while the 4H chart shows plenty of room to move down toward targets. Will update as trade progresses. Planning to secure partial profits at TP1 and move stop to breakeven for remainder.
Short
by ShlomoYahbes
1
USD/CAD Technical Analysis: Bullish Momentum with 3:1 RR LongUSD/CAD Technical Analysis: Bullish Momentum with 3:1 Risk-Reward Long Opportunity Current Market Structure USD/CAD is displaying a strong bullish trend across multiple timeframes, with price action forming higher lows and higher highs since mid-February 2025. Analysis reveals: Daily timeframe: Clear uptrend developing from the late 2024 lows with price breaking above previous resistance 4-hour timeframe: "Confirmed" bullish alignment with all EMAs in a clean bullish stack (8 > 13 > 21 > 55) 1-hour timeframe: Similar bullish configuration providing additional confirmation EMA System Status Confirmation The proprietary EMA System Status indicator shows robust bullish conviction: 240 Signal: Bullish 240 Trend: Bullish Alignment: Confirmed This triple confirmation represents ideal conditions for long entries according to our system parameters. Key Technical Levels Support Levels: 1.4321: Current stop placement and recent support zone 1.4260: Previous consolidation area 1.4200: Psychological round number Resistance Levels: 1.4500: Psychological round number 1.4688: Current profit target and projected resistance 1.4750: Major resistance from historical price action Correlation Analysis The bullish USD/CAD setup is reinforced by: Strengthening DXY (Dollar Index) with confirmed bullish alignment Oil price vulnerability affecting CAD's strength Diverging monetary policy expectations between Fed and BoC These correlations provide additional confirmation for the USD/CAD long position. Trade Parameters Entry Strategy: Long at 1.44133 Stop Loss at 1.43216 (91.7 pips) Profit Target at 1.46883 (275.0 pips) Risk/Reward Ratio: 1:3 RR Risk Management: 0.35% account risk allocation ($100,000 account) 1.0 lot position size $350 risk per trade Potential profit: $1,049.62 Technical Confluence Factors Multiple technical factors support this long setup: Price recently pulled back to and bounced from the 21 EMA support All EMAs aligned in bullish stack formation (8 > 13 > 21 > 55 > 200) MACD showing bullish momentum and confirmation Weekly and daily separators providing context for key support/resistance zones Recent break above previous swing high resistance Market Timing Considerations Important events to monitor that may impact this trade: Bank of Canada interest rate decisions Canadian employment and inflation reports US Federal Reserve policy statements Oil price movements (inverse correlation to USD/CAD) Conclusion USD/CAD presents a high-probability long opportunity with an excellent risk-reward ratio of 3:1. The technical picture shows strong bullish momentum across all relevant timeframes with the EMA system providing "Confirmed" alignment status. This setup meets our strict criteria for trade execution. Trade management will follow our established methodology with partial profit taking at the 1.5R mark and trailing stops implemented once price exceeds the 2:1 risk-reward threshold. #USDCAD #forex #technicalanalysis #EMAsystem #bullishsetup #tradingopportunity #riskmanagement #DXYcorrelation #currencytrading #longtrade #swingtrading #tradingsystem #forexanalysis #tradingview #priceaction #EMAsignals #tradingsetup #riskreward #tradingstrategy #BankofCanada #FederalReserve
Long
by FXCapitalClub
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. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
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!
Long
by SkepticWise
1
USD/CAD: Strong Supply Level – A Shift in Trend Ahead?Welcome back! Let me know your thoughts in the comments! ** USDCAD Analysis ! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Welcome back! Let me know your thoughts in the comments!
Short
by OGT_Forex
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.
by TradeNation
USD/CAD Market Analysis: Potential Reversal from Resistance ZoneThe USD/CAD pair on the 15-minute timeframe is showing signs of a potential bearish reversal. The price has been in an uptrend, forming higher highs and higher lows while respecting a diagonal support trendline. However, it has now approached a key resistance zone around 1.43575, as marked by the M15 supply area. The current price action suggests a rejection from this resistance, with wicks indicating selling pressure. If the price breaks below the ascending trendline, a further decline towards the 1.42794 support level is likely. The risk-to-reward setup favours short positions if confirmation of a bearish structure shift occurs. Traders should monitor price action closely for a trendline break or a strong bearish engulfing candle to confirm the sell-off.
Short
by BeaucoupPips
USD/CAD Forming a Double Top Pattern?🔔🔔🔔 USD/CAD news: 👉USD/CAD is forming a traditional double top pattern and the price is right at the neckline 👉USD/CAD RSI (1H) is in control of the sellers 👉DXY is entering the overbought zone with no signs of reversal 👉Trendline shows signs of breaking Personal opinion: 👉The above signals show that USD/CAD is likely to decline in the short term and retest the support zone of 1.435 Analysis: 👉Based on the trendline combined with resistance - support levels and SMA to come up with a suitable strategy Plan: 🔆 Set up the price zone: 👉 Sell USD/CAD 1.4410 - 1.4420 ❌SL: 1.4465 | ✅TP: 1.4360 – 1.4330 – 1.4290 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
USD/CAD holds up OK despite tariffsOK, so it's finally happened. On March 4, 2025, President Trump imposed a 25% tariff on imports from Canada and Mexico, with Canadian energy products facing a separate 10% tariff. Tariffs on Chinese imports were also doubled from 10% to 20%. In response, Canada imposed immediate 25% tariffs on CA$30 billion worth of U.S. goods, with plans to extend them to another CA$125 billion in the coming weeks. While USD/CAD maintained a steady upward movement, it is difficult to characterize the move as a broad-based selloff. Maybe this is more of a trade scuffle than a trade war right now? China announced additional tariffs of 10% to 15% on U.S. agricultural products, effective March 10. Mexico is set to announce its own retaliatory tariffs on March 9. Now, the focus shifts to Trump’s next move. He has already suggested he will reciprocate the reciprocation. Where does this end? Full blown trade war? Meanwhile, reports suggest he is considering easing sanctions on Russia.
by BlackBull_Markets