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USDCAD trade ideas

USDCAD Confirms Triple Bottom: Bullish Momentum BuildingUSDCAD Confirms Triple Bottom: Bullish Momentum Building USDCAD has confirmed a triple bottom pattern, signaling a potential shift from a bearish to a bullish trend. This formation typically suggests that selling pressure has exhausted and buyers are beginning to take control. Following the bullish confirmation, price action appears poised for an upward move. The current weakness in the USD stems from market expectations of a possible rate cut at the September FOMC meeting—a topic that remains open to interpretation. While the dollar is showing softness today, volume may stabilize in the near term. If the U.S. continues to deliver strong economic data, the odds favor further upside for USDCAD. As outlined in the chart, I expect USDCAD to follow the projected path. That said, the extent of the move is uncertain. Market analysis is a dynamic process that requires ongoing evaluation and adjustment. You may find more details in the chart! Thank you and Good Luck! PS: Please support with a like or comment if you find this analysis useful for your trading day Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by KlejdiCuni
8
USDCAD → Short squeeze for further declineFX:USDCAD is forming another short squeeze relative to the global price range ahead of a possible decline within the global downtrend. After breaking through the resistance of the global trading range, USDCAD was unable to continue its upward momentum. The price returned to the range, under strong resistance, and is forming a pre-breakdown base for a possible decline. The trigger in our case is support at 1.3762. The dollar is stagnating, trading below strong resistance. A decline in the dollar could trigger a fall in USDCAD Support levels: 1.376, 1.3695, 1.3629 Resistance levels: 1.3774, 1.3809 The market structure is quite weak, both globally and locally. In addition, against the backdrop of an expected rate cut, the dollar may continue its downward global trend, which may also affect the price of the currency pair, which has formed a false breakout of resistance... Best regards, R. Linda!
Short
by RLinda
9
USDCAD Set To Fall! SELL! My dear subscribers, My technical analysis for USDCAD is below: The price is coiling around a solid key level - 1.3779 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.3755 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses 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
Short
by AnabelSignals
2
USDCAD Technical & Order Flow AnalysisOur analysis is based on a multi-timeframe top-down approach and fundamental analysis. Based on our assessment, the price is expected to return to the monthly level. DISCLAIMER: This analysis may change at any time without notice and is solely intended to assist traders in making independent investment decisions. Please note that this is a prediction, and I have no obligation to act on it, nor should you. Please support our analysis with a boost or comment!
Long
by Derry_Trades
3
USDCAD MM triggered a false breakout to fallMM provoked a false breakout of the resistance range; there is no continuation of the upward momentum. The price has returned to the range and is forming a consolidation, the goal of which may be to accumulate potential for the continuation of the downward movement. The market has a strong downward trend structure. After a false breakout of resistance, MM has the potential to move the price down. The target is the liquidity area consisting of a cascade bottom: 1.357, 1.355, 1.354.
Short
by AndeWave
2
USD/CAD Breaks Triangle: Bullish Target in SightHello guys! USD/CAD has broken out of a clear triangle formation, signaling strong bullish momentum. The breakout above the top line of the triangle, supported by earlier bullish divergence, confirms that buyers are now in control. Triangle breakout confirmed Strong bullish impulse post-breakout Retest of the broken trendline expected Target: 1.38791 A clean retest of the breakout level could provide another entry opportunity before price reaches the target zone highlighted in blue.
Long
by melikatrader94
8
USD/CAD Bullish Heist Plan – Will You Join the Crew?💼💸 USD/CAD "The Loonie" – Bullish Vault Heist Plan 🕶️📈 "Layer the Entry. Stack the Cash. Escape Clean." 🧠 Mastermind Setup (Thief Trader Blueprint) 🔍 Asset: USD/CAD – The Loonie (Forex Market) 📜 Plan: Bullish — Thief is moving in with precision layering strategy. 📈 Entry Plan: Thief’s not kicking the door once—he’s picking multiple locks! Layer those buy limits for stealth entries: (1.37700) 🏦 | (1.37500) 💰 | (1.37300) 🔑 | (1.37000) 🚪 💡 Add more layers if the vault’s deeper than expected. 🛑 Stop Loss (SL): 🎯 Official Thief SL parked @ 1.37000. But remember—OG thieves adjust SL to match their risk appetite & personal strategy. 🎯 Target: 1.38680 – Grab the loot and vanish! 📢 Heist Intel (Market Context) USD/CAD is eyeing upside momentum, powered by USD strength + oil price plays. Expect pullbacks before the real breakout—perfect for layered infiltration. ⚠️ Thief’s Street Rules: Don’t enter during high-impact news — guards will be on alert. Use trailing stops to protect the loot once in profit. Layer patiently—don’t rush the vault door. 💣 Final Words from the Crew: Every pip is a coin in the bag. Stay disciplined, stay layered, and leave no trace. 🐱‍👤💎 💖 Boost the plan, share with the crew, and let’s make this Loonie Heist legendary. 🚀💼
Long
by The-Thief
USDCAD: Bearish Continuation Setup from Premium SupplyGreetings Traders, In today’s analysis of USDCAD, recent price action confirms the presence of bearish institutional order flow. This reaffirms our downside bias and positions us to seek high-probability selling opportunities. Key Observations on H4: Weekly Fair Value Gap Rejection: Last week, price rejected a weekly bearish FVG, aligning with the higher timeframe bearish draw toward discount liquidity. Bearish Market Structure Shift: The H4 chart confirmed a market structure shift to the downside, signaling institutional alignment with the weekly timeframe. Premium Bearish Order Block Confluence: Price has retraced into a premium-priced H4 bearish order block, which overlaps with an FVG—creating a strong institutional resistance zone. Trading Plan: Entry Strategy: Monitor lower timeframes (M15 and below) for bearish confirmation entries within the confluence zone. Target Objective: Aim for the liquidity pools resting in discount pricing, in line with the overall bearish narrative. For a detailed market walkthrough and in-depth execution zones, be sure to watch this week’s Forex Market Breakdown: As always, remain patient, wait for confirmation, and manage your risk with precision. Kind regards, The Architect 🏛️📉
Short
by The_Archi-tect
Potential bearish drop?The Loonie (USD/CAD) is reacting off the resistance levl which is an overlap resistance that lines up with the 23.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.3758 Why we like it: There is an overlap resistance level that lines up with the 23.6% Fibonacci retracement. Stop loss: 1.3816 Why we like it: There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement. Take profit: 1.3691 Why we like it: There is a pullback support level that aligns 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.
Short
by VantageMarkets