USDCAD looks like continuing to ATHEven though many sentiment indicators (i.e. COT reports) talk about a very crowded CAD tarde, the Daily and Weekly chart still support the uptrend up until ATH.
USDCAD.PRO.OTMS trade ideas
USDCAD Update - Fake Out or Break Out?Dear Friends,
How I see it:
1) The prevailing Higher TF trend bias is bullish, without a doubt.
2) Politically, fundamentally, technically the $ is a bull in a China shop.
3) BOJ will have to hike the Yen in this coming week which
could force the $ to correct to an extend that is yet to be seen.
What makes this pair unique is the Political & Monetary uncertainty:
1) Canadian election year
2) US Taxation
Taking all of this in consideration:
A double fake out at the bottom on such a big range could potentially signal a reversal.
Thus meaning, my initial thesis can be wrong.
Should the breakout above the range hold, obviously "LONG" is the answer.
Or
Should this breakout above range actually test and re-enter the range
and fall back to FMV (fair market value)
It only means that the market is expanding even bigger,
and we'll have to take it from there then.
I deeply appreciate you taking the time to study my analysis and point of view.
USDCAD-Potential Shift in Momentum After Equal Highs LiquidationUSDCAD appears to be potentially gearing for bearish momentum now that the equal highs have been liquidated. This is more of a forecast regarding a possible change in direction rather than a specific trade idea. On a higher timeframe, my bias remains bullish, as I still expect the equal high liquidity at the 1.46965 level to eventually be traded through. However, I'll be monitoring for bearish price action and confluences when the market opens on Sunday. Price has been consolidating since mid-December, forming relatively equal highs, which suggests that the bullish momentum might be losing strength. This consolidation could signal a shift in market dynamics, and I will look for confirmation of this potential shift before making any trading decisions.
Potential Long position up to major resistance zoneStronger CAD in last weeks has created consolidation on cable. But on friday we clearly saw how USD broke out of range and closed above range. I anticipate price moving higher to major resistance back from 2016 and 2020.
For entry wait first for pullback back to new support. Enter only then.
USDCAD at Key Resistance: Bearish Bounce ExpectedOANDA:USDCAD is approaching a significant resistance zone, marked by historical price rejections and strong seller activity in the past. The current market structure indicates the potential for a reversal in this area if price action confirms seller strength.
If the price confirms rejection from this resistance zone, I anticipate a move downward toward the 1.43925 level, which represents a logical target within the current market structure
What are your thoughts on this analysis? Feel free to share any additional insights or alternative perspectives in the comments!
USDCAD - Potential Short from Key Resistance ZoneThe USDCAD pair is testing a significant supply zone, a level that has consistently acted as resistance in the past. The strong upward momentum approaching this area may lead to a reversal as sellers look to regain control.
A bearish confirmation, such as rejection candles (e.g., shooting stars), bearish engulfing patterns, or long upper wicks, would strengthen the case for a short position. If this setup plays out, the price could head toward the 1.43928 level.
Traders should monitor price action closely for signs of selling pressure before entering short positions.
UsdcadMy idea is usdcad need to grow upper than before head.
Buy position with 1% risk and be careful your money management
USDCAD: Short Signal Explained
USDCAD
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short USDCAD
Entry - 1.4401
Sl - 1.4424
Tp - 1.4361
Our Risk - 1%
Start protection of your profits from lower levels
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USDCAD | 17.01.2025SELL 1.44100 | STOP 1.44600 | TAKE 1.43400 | After repeated testing of the resistance range, we expect a serious move downwards with a breakdown and consolidation below the level of 1.43200.
USD/CAD Bullish pattern formulating 1H analysisHi guys we are looking into a bullish analysis over USD/CAD , with the recent political turbolence we can see that things in Canada are not that stable, additionally we can see the DXY at very high levels indicating the strenght of the US Dollar
Entry: 1.43700
Target : 1.44400
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
USDCAD - which direction will the Canadian dollar go?The USDCAD currency pair is above the EMA200 and EMA50 in the 4-hour timeframe and is moving within the range. The correction of this currency pair towards the demand zone will provide us with the next buying position. The upward movement of this currency pair will make its selling positions attractive.
Canada has initiated efforts to mitigate the economic impacts of new U.S. tariffs. These measures include the creation of a critical minerals management unit and defense procurement activities.
Prime Minister Justin Trudeau emphasized that Canada would respond firmly and decisively if the U.S. imposes tariffs. Bloomberg reported that Canada is prepared to impose tariffs on $105 billion worth of American goods should the U.S. act first. Quebec’s Premier stated that no official announcements about retaliatory actions would be made until Trump’s plans are clearer, but no options are off the table. Ontario’s Premier added that any retaliatory measures against the U.S. must be stringent.
Donald Trump, the U.S. President-elect, campaigned on promises such as imposing heavy import tariffs, tightening immigration policies, reducing regulations, and downsizing the government.However, the economy he is set to oversee may require a different approach from the policies implemented in 2017.
Currently, the U.S. economy is growing at an above-average pace, unemployment is near full employment, and inflationary pressures remain significant. This suggests that the U.S. economy might not need fiscal stimulus measures like tax cuts. Furthermore, high asset valuations and rising bond yields could expose the economy to sharper corrections.
When Trump took office in 2017, the U.S. economy was still recovering from the 2007-2009 financial crisis. Policies such as tax cuts and import tariffs had varying impacts then. However, today, inflation remains above the Federal Reserve’s 2% target, mortgage rates are near 7%, and government bond yields are close to 5%. These rising yields may reflect market concerns about inflation control and America’s fiscal discipline.
In a recent Reuters survey, 25 out of 31 economists predicted that the Bank of Canada would cut interest rates by 0.25% at its January 29 meeting, while the remaining six expected rates to stay unchanged.
Gravelle, Deputy Governor of the Bank of Canada, stated that quantitative tightening (QT) is expected to conclude in the first half of 2025. He noted that ending QT would require settlement balances to rise to a range of CAD 50-70 billion, up from the previous estimate of CAD 20-60 billion. Treasury bond purchases are set to commence in the last quarter of this year, initially in small volumes.
Following the release of recent data, projections for real personal consumption expenditures in Q4 have risen from 3.3% to 3.7%, while real government spending growth for the same period increased from 2.9% to 3%. However, forecasts for real private domestic investment growth have been revised downward from -0.4% to -0.8%.
In its updated forecast, Wells Fargo indicated that the Federal Reserve would cut interest rates twice this year by 0.25%, once in September and again in December. Previously, three rate cuts were anticipated for the year.
USDCAD H4 | Bearish ContinuationBased on the H4 chart, the price is currently at our sell entry level at 1.44019, which is a pullback resistance near the 61.8% Fibonacci retracement. This level is expected to act as a potential reversal point in the bearish setup.
Our take profit is set at 1.43068, aligning with a swing low support level, marking a logical target for the trade.
The stop loss is set at 1.44585, a swing high resistance, providing room for price fluctuations while protecting against invalidation of the bearish bias.
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USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.43700 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.43700 support and resistance area.
Trade safe, Joe.
USDCAD Sellers In Panic! BUY!
My dear friends,
Please, find my technical outlook for USDCAD below:
The price is coiling around a solid key level - 1.4316
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.4352
Safe Stop Loss - 1.4293
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
USDCAD - High Risk TradeDXY and CXY both indexes where moving wice versa so i'm taking action toward bearish at this moment. Where the petiencial bearish trend might start and indexis movements are supporting that too. So I'm managing my risk and reward accordingly,
My Positions
Instant Sell
Stop Loss : 1.4418
TP 1 : 1.4350
TP 2 : 1.4316
another oneMoney made for the day $ so will take this half a percent risk, not entering unless we have heavy bottom candles
no trend line which isnt nice
but meeting zone, fib and 50 EMA,
if rejection shows, ill enter for a 1:1.5 on 1/2% risk
USDCAD-bias long Pair is making HHHL and respecting MA 21 in day time frame with morning star pattern formation.
Trend line resistance is broken and the resistance broken at 1.4374, Triangle break out with MA 200 respected in 1 hr ,
Trade plan bias long @ 1.4375
SL:1.43678
TP1:1.4384
TP2:1.4390
USD/CAD long term analysisThe Canadian dollar will help to weaken with the arrival of Trump and the issues surrounding Canada
*** We are waiting for the man of the year....... ******
ENTRY:1.43723_1.45673
SL:1.47685
TP:1.009
USDCAD bearish continuation Following my previous #USDCAD analysis,
we've gained a 137 pip move. Check out my earlier post for more details.
💥Now,
✔we have a breakout from the trend,
....👁with a potential retest in the making.
🤝 Let's grow together! #Follow me to stay updated and benefit from my shared insights.
