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USD/CAD (OANDA EU Clients)

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USDCAD.PRO.OTMS trade ideas

USD/CAD H4 | Overhead pressures remainUSD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.4159 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement. Stop loss is at 1.4243 which is a level that sits above the 50.0% Fibonacci retracement and an overlap resistance. Take profit is at 1.4024 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
Bullish bounce?USD/CAD is reacting off the support level which is a pullback support that line sup with the 61.8% Fibonacci retracement and could rise from this level to our take profit. Entry: 1.4328 Why we like it: There is a pullback support level that lines up with the 61.8% Fibonacci retracement. Stop loss: 1.4283 Why we like it: There is a pullback support level that is slightly above the 78.6% Fibonacci retracement. Take profit: 1.4375 Why we like it: There is a pullback resistance level that line sup with the 61.8% 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
USDCAD On The Rise! BUY! My dear friends, Please, find my technical outlook for USDCAD below: The instrument tests an important psychological level 1.4161 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.4266 Recommended Stop Loss - 1.4101 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Canadian dollar slides as Canada's job growth declinesThe Canadian dollar has stabilized on Monday after declining close to 1% on Friday. In the North American session, USD/CAD is trading at 1.4225, up 0.23% on the day. It has been a roller-coaster for the Canadian dollar, which jumped 1.1% on Thursday but gave up almost all of the gains a day later. Canada's economy shed 32.6 thousand jobs in March, the biggest decline since August 2022. This was a sharp reversal from the 1.1 thousand gain in February and much lower than the market estimate of 12 thousand. The unemployment rate rose to 6.7% from 6.6% and the participation rate ticked lower to 65.2% from 65.3%. The employment data points to weakness in the labor market and the economic chill from the latest US tariffs could lead to further deterioration of the employment landscape. Businesses are holding back on investment and hiring due to the economic uncertainty and the plunge in oil prices will hurt the economy, as Canada is a major oil producer. US nonfarm payrolls surprised on the upside with a gain of 228 thousand, up from a revised 117 thousand in February and above the market estimate of 135 thousand. This was the strongest nonfarm payroll reading in three months. The positive employment report was overshadowed by the latest round of US tariffs which have sent the financial markets tumbling lower. There are increasing fears that the US tariffs and expected counter-tariffs could upend the US economy and tip it into a recession. Investors are hoping that the Trump administration will reduce the tariffs or at least announce negotiations will take place with targeted countries. So far, however, Trump has sounded defiant and said that the tariffs will stay in place.
by OANDA
USD/CAD – Breakdown Retest Offering Strategic Short OpportunityWeek of: April 7–11, 2025 Bias: Bearish Trade Duration: 2–5 Days Status: Breakdown Confirmed – Retesting from Below Current Reflexivity Phase: Phase 3 – Crowd Denial / Re-Entry Trap Strategy Type: Structural Breakdown + Sentiment Dislocation Execution Style: Reactive, not predictive 🧠 Strategic Thesis USD/CAD has broken decisively below its prior 2-week base and is now retesting that structure from below. The pair is showing textbook behavior of distribution > breakdown > retest—a setup that often leads to emotional unwinds when conviction collapses. Though USD sentiment remains firm, the structure disagrees—and price is leading positioning. 🔍 Structure Breakdown Highlights Clear break beneath consolidation range Retest is unfolding in low-momentum fashion (no bullish drive) Lower highs persist on multiple timeframes No fresh demand seen on the retest so far Ideal short continuation trigger if rejection holds 📊 COT & Sentiment Snapshot Leveraged Funds: Still long USD/CAD, but have begun reducing size Commercials: Gradual CAD accumulation underway Open Interest: Rises on down moves, fades on up moves — shows weak demand conviction Retail Sentiment: Still bullish on USD, ignoring structural breakdown Institutional Bias: Quiet rotation toward CAD strength 📌 Translation: Belief in USD remains, but smart money is already moving. This dislocation is your edge. 🧠 Behavioral Finance Triggers “Crowds trust the story. Price tells the truth.” Anchoring to old bullish setups Late buyers still entering on dips Retest becomes a re-entry trap for overconfident longs If rejection confirms, emotional exits fuel momentum 🔄 Reflexivity Model – Phase Breakdown Phase Description Phase 1: USD/CAD long crowd builds on USD strength narrative Phase 2: Structure breaks below key base – already completed Phase 3: Now Active – Crowd in denial, price retesting from below Phase 4: Flush and capitulation if retest fails, triggering stop cascades ✅ Current Phase: 3 – Re-Entry Trap / Denial Before Exit 🛠️ Execution Plan Entry: Wait for clean rejection candle or lower-high after retest Risk Management: Invalidate if structure is reclaimed and price sustains above the broken zone Exit Plan: Scale out as price moves into areas of prior demand or volume voids Trade Style: Tactical, reactive — confirm behavior before acting Expected Duration: 2–5 trading days if follow-through holds 🕰️ Execution Timeline Monday: Monitor the retest — don’t rush entry Tuesday–Wednesday: Best window for rejection and short setup Thursday–Friday: Manage open exposure, secure gains or trail ✅ Strategic Summary This is not a top call — the top is already in Structure has changed, but belief lags The crowd is doubling down — structure is calling their bluff Let rejection confirm, then lean into the unwind “You don’t need to predict. Just follow the failure.”
Short
by pharyeh
USD/CAD Trend in Today's European and American Trading Sessions✍ ✍ ✍ USD/CAD news: ➡️ The USD/CAD pair continued its downtrend for the fourth consecutive day as selling pressure on the US dollar remained dominant. ➡️ Concerns that Trump's tariffs could lead to a US recession, prompting the Fed to cut interest rates, weighed on the greenback. ➡️ Meanwhile, overnight declines in crude oil prices weakened the Canadian dollar, providing some support to the pair. ➡️ Additionally, traders appeared hesitant to take fresh positions ahead of upcoming jobs reports from both the US and Canada. Personal opinion: ➡️ The USD/CAD pair is showing signs of a bullish recovery after entering oversold territory. This bodes well for the pair. ➡️ In the long run, the trade war impact will lead to more risks for currencies like CAD. So this is still an advantage for the USD ➡️ Analysis based on important physical dimensions - support and Fibonacci combined with EMA and trend to come up with a suitable strategy Plan: 🔆Setting up the price zone: 👉Buy USD/CAD 1.4110– 1.4100 ❌SL: 1.3970 | ✅TP: 1.4160 – 1.4200 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
USDCAD INTRADAY rising support retestUSDCAD remains in a bullish trend, supported by the prevailing uptrend. The recent price action indicates a corrective pullback toward a key support zone. Key Level: 1.4300 This level represents the previous consolidation range and serves as a crucial support area. Bullish Scenario: A bounce from 1.4300 could reinforce the uptrend, with potential targets at 1.4370, followed by 1.4420 and 1.4490 over the longer term. Bearish Scenario: A break below 1.4300 with a daily close under this level would weaken the bullish outlook, leading to further declines toward 1.4250, 1.4220, and 1.4180. Conclusion: USDCAD remains bullish unless it loses support at 1.4300. Traders should watch for a bounce or a breakdown at this level to determine 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 "The Loonie" Forex Bank Heist Plan (Scalping/Day Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑💰✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the USD/CAD "The Loonie" Forex Bank. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bearish loot at any price - the heist is on! however I advise to Place sell limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level. Stop Loss 🛑: Thief SL placed at 1.43600 (scalping / Day Trade Basis) Using the 2H period, the recent / swing high or low level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 1.41300 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. USD/CAD "The Loonie" Forex Bank Heist Plan (Scalping / Day Trade) is currently experiencing a bearishness,., driven by several key factors. 📰🗞️Get & Read the Fundamental, Macro, COT Report, Quantitative Analysis, Sentimental Outlook, Intermarket Analysis, Future trend targets.. go ahead to check 👉👉👉🔗 ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Short
by Thief_Trader
2
USD/CAD rejection of lower pricesOn USD/CAD , it's nice to see a strong buying reaction at the price of 1.42520. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. Rejection of lower prices and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
by Trader_Dale