#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.PRO.OTMS trade ideas
Silver Breaks Key Level: Set to Outperform Gold?Silver prices breach major level and could be set to outperform gold as the dollar weakens.
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USDCAD INTRADAY loss of important supportThe USDCAD currency pair intraday sentiment appears bearish, supported by the confirmed loss of support of the longer-term sideways consolidation trading range. However, since the spike caused by the possible tariff announcement on 03rd February 2024, the USDCAD price action is displaying signs of bearish behaviour. The increase in optimism over the Russia and Ukraine truce triggers the price action. The USD currency remains strong based on the expectation that the Fed will hold interest rates at the current levels for longer. On the other hand, the market expectation for BoC is to continue gradually reducing the interest rates further.
The key trading level is at 1.4260. An oversold rally from the current level and a bearish rejection at 1.4260 level could target additional downside support at 1.4150 followed by the 1. 4100 and 1.4025 levels over the longer timeframe.
Alternatively, an oversold rally from the current levels and a confirmed breakout above 1.4260 resistance and a daily close above that level would negate the bearish outlook opening the way for a further rally and a retest of 1.4300 resistance followed by 1.4350 and 1.4400 levels.
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.
USDCAD H4 ShortThe price has passed the support level. We can wait for a return to the level and enter on the lower TF. Or open on the market.
USDCAD (Bearish)USD hit its monthly Supply & resistance zone against CAD finally, as we predicted this probability previously with our students. Now I expect to follow this pattern at least till we reach a demand level. Great for other assets to perform against dollar.
USD/CAD Retest Nearing Completion, Strong Bullish Wave Incoming USD/CAD is trading at approximately 1.4170.Our target price of 1.8000 suggests an anticipated upward movement of over 38,000 pips, indicating a highly bullish outlook. You note that the pair is completing a retesting period, potentially leading to a strong bullish wave.
Technical analysis indicates that USD/CAD has been consolidating around recent highs, with the market awaiting key economic data to determine its next direction. A significant support level to monitor is 1.3950; a break below this level could shift the bias from bullish to bearish. Conversely, maintaining support above this level may reinforce the bullish scenario.
Fundamentally, the Canadian dollar has recently strengthened, reaching a two-month high against the U.S. dollar. This appreciation was driven by a decrease in U.S. bond yields and positive Canadian labor market data, including a drop in the unemployment rate to 6.6% and the addition of 76,000 new jobs in January 2025. These factors have eased concerns about an economic slowdown in Canada.
In summary, while the USD/CAD pair is currently exhibiting consolidation, the completion of the retesting period could lead to a strong bullish wave toward your target price. Traders should closely monitor key support levels and upcoming economic data releases to make informed decisions.
USDCAD (4H) - Bearish Break of Consolidation ZoneOANDA:USDCAD
📶Technical Analysis:
Weekly Chart:
🟠 Price is in a long-term bullish trend, confirmed by a trendline formed since 2021 and 3 MAs aligned bullish.
🟡 Price tested major resistance at 1.4600-1.4700, which was previously tested in 2016 and 2020.
🟢 Strong pullback after testing resistance, indicating a potential bearish reversal pattern.
Daily Chart:
🟢 Strong bearish candle on the daily chart confirms that the weekly resistance holds.
🟡 Price volatility influenced by Trump's tariff decision.
🟢 The bearish momentum on the daily chart confirms the trend reversal from bullish to bearish.
🔴 The next strong support is around 1.3900, where the price has failed to break five times.
4H Chart:
🟡 Price has been consolidating since Dec 2024 between 1.4450 (resistance) and 1.4300 (support).
🟡 Price initially broke above the range due to tariff news but quickly returned to the consolidation zone.
🟢 Strong bearish candle broke through the lower support at 1.43, signaling potential bearish continuation.
🟢 The break of support suggests a bearish outlook, with the next targets near 1.3900.
🟢 The Moving Averages (MAs) are crossing, indicating a potential shift to a bearish trend.
🔤 Summary:
🟡 Waiting for a retest of the broken 1.43 support level to confirm the bearish trend continuation.
🟡 Expecting a correction in the bearish trend with the formation of additional signal candles that confirm the bearish momentum after the retracement.
🟡 Watch for the formation of bearish candles after the correction, either near the broken support level or EMA levels for confirmation before entering the bearish trade.
market totally forgot trump's first term or what?market totally forgot trump's first term or what?
wick lows setups at key levels
track the news
The macro case is building for this Friday. Great spikes to play at the zones identified.
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Not as refined as our direct trade setups. More for advanced active traders.
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USDCAD - BEARISH SCENARIOHello Traders !
The USDCAD failed to break the resistance level (1.45957 - 1.46900).
Currently, The price is trading in the support level (1.43100 - 1.42610).
So, Let's expect the bearish scenario :
if the market breaks the support level and closes below that,
We will see a huge bearish move📉
__________
TARGET: 1.41100🎯
USDCAD sell 1.4255On the daily chart, USDCAD fell from a high level, and the short-term bearish trend is dominant. At present, you can pay attention to the resistance near 1.4255. If the rebound is blocked, you can consider shorting. The support below is around 1.4090. After breaking through, the support below is around 1.3930.
USDCAD FORECASTNow! Price did exactly what I was waiting for. Breaking the lows with that strong impulsive move gives me the chance to look for a continuation to the downside. This is simply because the bigger volume has already accumulated. The 15M timeframe looks nice as a filter for the structure formation. Let's see how it goes, guys.
USDCAD H4 I Bullish Bounce Based on the H4 chart analysis, we can see that the price is currently at our buy entry at 1.4182, which is a pullback support.
Our take profit will be at 1.4260, which is a pullback resistance level.
The stop loss will be placed at 1.4118, below a swing low support level.
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USDCAD USD/CAD represents the exchange rate between the U.S. dollar and the Canadian dollar. It is influenced by factors such as interest rate decisions from the Federal Reserve and the Bank of Canada, economic data releases, and global oil prices, as Canada is a major oil exporter. The pair tends to be most active during the U.S. and Canadian trading sessions. Traders watch for economic indicators like GDP growth, employment data, and inflation to predict price movements. Market sentiment and risk appetite also play a role, as the Canadian dollar is often considered a commodity-linked currency.
USDCAD (2D): DT AnalysisGeneral Observations
The USDCAD (2D) chart shows an overall Downtrend currently measured as “Moderate, 4.8% Confidence.”
SUPPORT & RESISTANCE 🔎
Resistance near 1.47–1.48 ( Pivot High & Sell Stoploss region )
Mid pivot area ~1.4107 that may act as interim support/resistance
Support around 1.36–1.34 where prospective Buy Orders reside
TREND ANALYSIS 📝
Pivot High & DT signals suggest selling pressure at upper zones
Pivot Low & UT signals hint at potential bounces in lower zones
Market bias currently leans bearish, given the “Downtrend” reading
Indicator Context
The “Trend Score: -1.0” underscores a bearish tendency.
“Confirmed” signals (green/red) validate previous pivot breaks, aligning with downward momentum.
FUNDAMENTAL CONSIDERATIONS 🌐
Task: Monitor upcoming Canadian and US economic reports for volatility.
Event: Pay attention to interest rate announcements or GDP releases.
Vacation: Keep in mind lower liquidity periods can exaggerate price movements.
RECOMMENDED ACTION PLAN 📋
Task: If price rallies toward 1.4326–1.4583, watch for short entries with stops above pivot highs.
Event: Potential long entries near 1.3488–1.3634 if bullish signals confirm a correction.
Vacation: Consider partial profits early if volatility spikes suddenly.
🚀 Happy Trading!
Bullish bounce?USD/CAD is falling towards the support level which is a pullback support and could bounce from this level to our take profit.
Entry: 1.4176
Why we like it:
There is a pullback support level.
Stop loss: 1.4088
Why we like it:
There is a pullback support level.
Take profit: 1.4280
Why we like it:
There is a pullback resistance level.
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USDCAD BUY ANALYSIS SAMRT MONEY CONCEPT Here on Usdcad price form a demand zone around level of 1.44054 which is likely to continue going up and a trader should go for long with expect profit target of 1.44054 and 1.45357 . Use money management
USD/CAD Ready To Go Down Hard , Let`s Sell It To Get 250 Pips !As we see we have a very good daily closure below sideway range and we have avery good retest to the area and the price gave amazing bearish price action , so i`m looking to sell this pair today or tomorrow morning when the price go backa litle to give me a good chance to put a small sl , and i think the price will go down very hard at least 200 Pips .
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
USDCADShort Fundamental Analysis – USD/CAD
1. Context
• Bank of Canada (BoC)
• Maintains relatively high interest rates to manage inflation, though at a more moderate pace compared to the Fed.
• The Canadian economy is highly sensitive to oil prices, given the significant role of energy exports.
• Federal Reserve (Fed)
• Holds an elevated rate policy backed by strong US economic indicators (GDP ~+2.6%, unemployment ~3.7%).
• The resulting interest rate differential often lends support to the US dollar over the Canadian dollar.
2. Possible Direction
• Bias: Slightly bullish on USD/CAD, particularly if US data remains solid and/or oil prices soften, reducing CAD’s support.
• Alternate Scenario:
• If oil prices rise sharply or if Canadian economic data (e.g., GDP, inflation, jobs) significantly outperform expectations, CAD could gain, pressuring USD/CAD lower.
• A dovish pivot by the Fed might also see the USD weaken against CAD.
3. Factors to Watch This Week
1. Oil Prices
• A key driver for CAD. If oil rallies, it tends to support the Canadian dollar; if it falls, USD/CAD may climb.
2. Canadian Economic Indicators
• BoC’s policy updates, along with GDP and CPI releases, can shift sentiment around CAD.
3. US Economic Data & Fed Rhetoric
• Continued strong US data typically boosts USD/CAD, while any indication of a Fed pause or slowdown could weaken the dollar.
4. Overall Conclusion
• CAD benefits from firmer oil prices and steady BoC policy but remains exposed to external demand fluctuations.
• USD keeps its strength on higher yields and resilient US growth.
• In the short term, USD/CAD may lean higher unless Canada’s economic data and oil prices bolster CAD or the Fed turns more dovish.
Disclaimer
This analysis is for educational purposes only and does not constitute trading advice. Financial markets can be volatile and involve substantial risk. Always consider your risk tolerance and consult official sources before making any trading decisions.
USDCAD consolidation could turn bearish below 1.4300 level.The USDCAD currency pair sentiment appears neutral, supported by the longer-term sideways consolidation trading range. However, since the spike caused by the possible tariff announcement on 03rd February 2024, the USDCAD price action is starting to display some signs of bearish behaviour. Today, Thursday 13th February 2025 USDCAD is testing psychologically important support around the 1.4300 level. The price action is triggered by the increase in optimism over the Russia and Ukraine truce. The USD currency remains strong on the expectations that the Fed will hold interest rates at the current levels for longer. On the other hand, the market expectation for BoC is to continue gradually reducing the interest rates further.
The key trading level is at 1.4300, the current swing low range from 18th December 2024 until 04th February 2025. A continuation of the selling pressure below the 1.4300 level and a daily close below the 1.4250 support level could target additional downside support at 1.4200 followed by the 1. 4250 and 1.4110 levels over the longer timeframe.
Alternatively, an oversold rally from the current levels and a confirmed breakout above 1.4380 resistance and a daily close above that level would negate the bearish outlook opening the way for a further rally and a retest of 1.4430 resistance followed by 1.4450 levels.
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.
Scenario on USDCAD 13.2.2025USDCAD and for this market, I have several alternatives as to how it could probably take place, so first I would look at the long where we have the first sfp below the low at the price level of 1.424 and then there is the last sfp for me if this does not last, then we go to lower values, the value is 1.41850 short in this market I would take the value of 1.43810 where there is resistance and then I have 2 more interesting levels for reaction the last one is for me the monthly level at the value of 1.45792, if we overcome this level, it is quite likely that we will look higher.
USDCAD Currency Pair Trend After Fed Chairman Powell TestifiesUSDCAD News:
🔆A White House official said late Tuesday that the 25% tariffs that U.S. President Donald Trump is planning to impose on all steel and aluminum imports will be added to other tariffs on Canadian goods, bringing the total to 50%.
🔆Earlier this month, Trump imposed 25% tariffs on most Canadian goods. However, those tariffs were suspended for 30 days last week.
🔆Canada appoints new fentanyl chief to coordinate anti-smuggling efforts, following through on previous Trump administration pledges to do more to stem the flow of fentanyl across the U.S. border
Viewpoint:
🔆USD could continue to rise against CAD. With the DXY Index and U.S. 10-year Treasury yields currently rising, the USD could continue to rise against CAD. With Powell's neutral stance, the USDCAD pair is likely to continue its upward momentum yesterday after touching the support level of 1.427. And investors are waiting for further steps on Trump's tariff policy and today's US CPI to have a reasonable strategy.
POTENTIAL SHORT TRADE SET UP FOR USDCADAnalysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout.
Entry: The price approached the previous swing high zone with an ascending structure on the higher time frame (HTF), then plummeted from the swing high area. Subsequently, the price broke below the ascending structure, signaling a bearish shift, and formed another bearish continuation-like pattern. We shall be looking for an entry with a small bearish continuation structure here targeting the base of the ascending structure
Expectation: A downward move is anticipated, targeting the previous swing low area.
⚠️ Reminder: Conduct your own analysis and implement proper risk management, as forex trading carries no guarantees. This is a high-risk endeavor, and past performance does not predict future outcomes. Trade responsibly!
