USDCAD Buy/Long IdeaUSDCAD is grinding higher and higher. I think a retrace for a further move up is complete.Longby ZakTheMak0
UCAD Buy Limit OrderLooking to buy this pair off of on a Rally base Drop a trading pattern tht plays a huge part in changing directions of the pairs NB : this trade is a 50/50 it may go both ways, risk wiseLongby Mageba_THEE-FOREX-SAVIOUR0
USDCAD H4 ShortRemember, successful trading relies on proper risk management and a disciplined approach. Use stop-losses to safeguard your assets and carefully plan each trade. Analysis is the key to making informed decisions. Stay updated and continue refining your strategies! Shortby Trade_Hive_Signals5
USDCAD BUT SETUPLet's ride this to hit the high above and wait for further price actionLongby PrimeMastery2
check the trendThe upward trend will be possible if the price can stabilize the resistance range. Otherwise, with the defeat of the support range, the downward trend will be likely.Longby STPFOREX2
Bullish bounce off pullback support?The Loonie (USD/CAD is falling towards the pivot and could bounce to the 1st resistance which is a pullback resistance. Pivot: 1.4398 1st Support: 1.4353 1st Resistance: 1.4472 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets4
USDCAD SHORT USDCAD is facing a high resistance area an is likely to go down, it is also rejected from the higher high level of the ascending channel. Shortby SILICIDE2
Head and Shoulder patternThe price has made a head and shoulder pattern, and the price also broke out of a bullish trendline, followed by a pullback, now the price has also made a smaller pullback, suggesting a bearish move is at hand at the lower low. Time to go short WE ONLY TRADE PULLBACKSShortby KenyanAlphaUpdated 3
USDCAD Trade Idea (1H Chart Analysis)**USDCAD Trade Idea (1H Chart Analysis)** **Market Structure:** - The price is in a **downtrend** on the 1H chart, with lower highs and lower lows forming. - It is currently testing a **key support level** around **1.4350**. - The **50 EMA (black line) is above the price**, confirming bearish momentum. - The recent candles show **decreasing volume**, indicating possible consolidation before the next move. **Trade Plan** **Scenario 1: Bearish Breakdown (Sell Trade)** 📉 **Entry:** Below **1.4350**, after a strong bearish candle closes. 🎯 **Target 1:** **1.4320** (previous minor support) 🎯 **Target 2:** **1.4280** (stronger support zone) 🛑 **Stop Loss:** **1.4375** (above recent lower high) 📊 **Risk-to-Reward Ratio:** 1:2 or better **Confirmation:** If price breaks 1.4350 with strong volume, it signals continuation of the downtrend. **Scenario 2: Bullish Reversal (Buy Trade)** 📈 **Entry:** If price **bounces from 1.4350** and forms a strong bullish engulfing candle. 🎯 **Target 1:** **1.4395** (previous resistance) 🎯 **Target 2:** **1.4415-1.4420** (major resistance zone) 🛑 **Stop Loss:** **1.4335** (below recent low) 📊 **Risk-to-Reward Ratio:** 1:2 **Confirmation:** A strong rejection from 1.4350 with bullish volume indicates potential reversal. **Final Thoughts** - **Bias:** Bearish unless we see a clear reversal signal at 1.4350. - **Watch for a breakout or bounce at key levels before entering.** - **Always use risk management** – never risk more than 1-2% per trade! by elitetrader9090Updated 2
Bearish reversalAfter a long bullish trend the price has changed character and suppliers have gained momentum again. Head and shoulder formed to confirm a reversal and neckline has been brokenShortby kibbyjunior5
USDCAD POSSIBLE BUY OPPORTUNITY Price looking promising for a buy as it falls back to a trend line supporting price so far this month. A buy opportunity is envisaged upon bouncing off the trend line. We keep a close watch to see how price reacts around that area.Longby Cartela228
USDCAD CLOSE DOOR ANALYSISTrade smart and Simple.Don't struggle for a Simple Profit..01:16by FOREX_GURUSS111
USDCAD beautiful head and shoulderUSDCAD beautiful head and shoulders creating , i think after the retest it will be okay to take a short possition risking 1-2% of the capitalShortby panajot0
Bullish bounce?USD/CAD is falling towards the support level which is a pullback support that is slightly above the 78.6% Fibonacci projection and could bounce from this level to our take profit. Entry: 1.4299 Why we like it: There is a pullback support level that is slightly above the 78.6% Fibonacci projection. Stop loss: 1.4222 Why we like it: There is a pullback support level. Take profit: 1.4416 Why we like it: There is a pullback resistance 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.Longby VantageMarkets4
USDCAD downfall?USDCAD facing strong bearish resistance around price 1.4500. With multiple rejections already and the break of this 4hr trendline. We can capitalize on a potential 150+ pips to the downside. Trade cautiously!! by e_dollazz2
USDCAD INTRADAY bullish sideways consolidationThe USD/CAD currency pair price action sentiment remains bullish, supported by the prevailing long-term uptrend. Recent intraday movements indicate a bullish breakout above the previous resistance level, which has now established itself as a new support zone. Key Levels and Price Action The primary trading level to watch is 1.4390, representing the previous consolidation range. A corrective pullback to this level, followed by a bullish rebound, could signal continued upward momentum. In this scenario, the pair may aim for upside resistance levels at 1.4487, 1.4530, and 1.4590 over the longer timeframe. However, if the 1.4390 support level fails to hold and there is a confirmed daily close below it, the bullish outlook would be invalidated. This breakdown could lead to a deeper retracement, targeting the 1.4350 support level, followed by 1.4310 and 1.4230. Conclusion The sentiment remains bullish as long as the 1.4390 support level holds, with potential upside targets at 1.4487, 1.4530, and 1.4590. A confirmed breakdown below 1.4390 would shift the outlook to bearish, signaling a potential move toward 1.4350, 1.4310, and 1.4230. Traders should closely monitor daily closing levels around the key support to gauge sentiment shifts and make informed trading decisions. 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 TradeNation1
Sell Limit USDCADwe've seen the CPI spike just recently let's attempt one last trade for the day and see if we can bag these sells my tp is usually 1/2RR bt if you'd like if activated you can hold to tp if loss is not hitShortby Mageba_THEE-FOREX-SAVIOUR0
USDCAD | 1H | SELL NOW Hey there my friend 🫡 SIGNAL ALERT SELL USDCAD / 1,44588 > 1,44871 🟢TP1: 1,44369 🟢TP2: 1,43955 🟢TP3: 1,43159 🔴SL: 1,45310 RISK REWARD - 2,00 please don't forget to like 🙏🏻 Thanks to everyone who supports my analysis with likes. 💙💙💙 Shortby TraderTilkiUpdated 4412
Bank of Canada Expected to Reduce RatesSeveral desks forecast that the Bank of Canada (BoC) will reduce the overnight rate by another 25 basis points (bps) to 2.75% (from 3.00%) today at 1:45 pm GMT. Since June (2024), the central bank has lowered rates by 200 bps over six consecutive meetings, bringing the overnight rate closer to the mid-point of the BoC’s neutral range of 3.25% - 2.25%. The swaps market is pricing in a 94% chance that the BoC will opt for another 25 bp cut today. Eleven out of twelve economists polled by the Wall Street Journal also forecast a 25 bp reduction, in line with current market pricing. Additionally, some desks are airing the possibility of a 50 bp decrease. However, I doubt this will be the case; cutting the overnight rate to such an extent at this juncture might indicate serious concerns in the Canadian economy, and I do not think the BoC will want to alarm the markets. BoC Rate Cut; US Tariffs on the Front Line Let’s be frank, the BoC has a challenging task ahead. At a time when the Canadian economy shows signs of persistent inflation – the central bank’s preferred measures of inflation have been hovering around the upper boundary of its 1%-3% inflation target band – and reasonably robust GDP growth (Gross Domestic Product), running at an annualised rate of 2.6% in Q4 24, the central bank will likely cut rates again today. You may also recall that before Friday’s jobs numbers, rate pricing was roughly 50/50 for most of February (and early March) regarding whether the BoC would hold or cut. As mentioned above, money markets are now nearly fully pricing in another 25 bp cut. According to Statistics Canada, job growth was minimal in February, adding a mere 1,100 jobs; this was significantly lower than economists’ forecasts and followed three consecutive months of strong hiring. Despite this, the unemployment rate remained unchanged at 6.6%, defying analysts’ estimates of a 6.7% increase. Unquestionably, the BoC’s primary focus is on US tariffs, with some economists cautioning that a recession could be around the corner in the event of a prolonged trade war. The most recent technical recession in Canada, brought about by the COVID-19 pandemic, was seen in 2020. BoC Governor Tiff Macklem stated that prolonged and widespread US tariffs could significantly hinder the Canadian economy’s recovery. This week's latest developments saw US President Donald Trump dial back on his 50% tariff threats on Canadian aluminium and steel, retreating to his originally planned 25% tariffs; Trump also recently downplayed the possibility of a US recession. What Does this Mean for the Canadian Dollar? Versus the US dollar (USD), the Canadian dollar (CAD) remains on the ropes, with the USD/CAD currency pair refreshing multi-decade highs of C$1.4793 in February. Technically, following a test of monthly resistance-turned-support at C$1.4193 last month, buyers and sellers are now contained between said support and overhead monthly resistance at C$1.4533. Overall, though, the long-term trend still favours buyers, so a breakout higher would not come as a surprise, potentially paving the way for a run to another layer of monthly resistance at C$1.4925. Meanwhile, on the daily chart, the pair rebounded from support at C$1.4262, with scope to run to resistance from C$1.4595. Consequently, while the trend leans in favour of buyers now, monthly and daily resistance between C$1.4533 and C$1.4595 could be problematic. This area will likely need to be absorbed before further upside is seen towards C$1.4793, closely shadowed by monthly resistance at C$1.4925. Should the BoC cut the overnight rate by 25 bps, maintain cautious forward guidance, and not pre-commit to additional policy easing, I see limited volatility drawn from this risk event. However, if the central bank held the rate at 3.00% and underscored a strong economy, this could send the CAD higher (USD/CAD lower). If the BoC opts for a bulkier 50 bps cut and signals further easing, this would likely open the door to a shorting opportunity in the CAD (USD/CAD higher). Written by FP Markets Market Analyst Aaron Hill by FPMarkets3
USDCAD-SELL strategy 6 hourly RENKO chartThe pair is correcting downwards, and I feel we have good chance to see 1.4300 tested. MACD and SMI both are negative. Strategy SELL @ 1.4410-1.4450 and take profit near 1.4317 for now. Shortby peterbokma1
USDCAD - UniverseMetta - Signal#USDCAD - UniverseMetta - Signal H4 - Formation of the 3rd wave from the level + retest. Stop for the maximum of the 1st wave. Entry: 1.44145 TP: 1.42619 - 1.40674 - 1.39061 - 1.37509 Stop: 1.45514Shortby Trade-U-Metta2
Why are you hesitating? Sell USDCADThis will be a big move. CADCHF has begun its movement up. Dont miss this tradeShortby UGBOR4
USDCAD Bigger Corrective MoveTrade responsible,The analysis is invalid when price Break price at 1.45202 ENJOY!!!by FOREX_GURUSS0