USDCAD trade ideas
Bearish reversal off pullback resistance?The Loonie (USD/CAD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support.
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USDCAD H4 | Bullish RiseBased on the H4 chart analysis, the price is falling toward our buy entry level at 1.4210, a pullback support that aligns with the 50% Fibonacci retracement.
Our take profit is set at 1.4260, a pullback resistance that aligns with the 50% Fibonacci retracement.
The stop loss is placed at 1.4173, an overlap support.
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USDCAD SELLTargets @ 1.41 (TP2) - Huge 120 Pip Range Potential - 800m @ 1.4175 (TP1) - Entry at Break/FVG & 0.5
USDCAD - Sell Opportunity After Support BreakOANDA:USDCAD recently broke through a significant support level, creating an opportunity for further bearish movement. The market is now retesting this level. A rejection off this area could push the price lower toward the 1,4120 level, confirming the breakout's strength. A failure to hold resistance could indicate a continuation of the bullish trend.
Traders should look for bearish confirmation signals, such as bearish engulfing candles or increasing sell volume, before entering short positions.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
USDCAD Drills into SupportUSD/CAD is responding to confluent support this week a the 38.2% retracement of the 2023 December advance at 1.4176- Looking for possible price inflection off this mark.
Resistance now back at the 38.2% retracement of the recent decline at 1.4396. Rallies should be capped by this level IF price is heading lower on this stretch. Ultimately, a close above the 75% parallel is needed to threaten uptrend resumption towards key resistance at 1.4538/47.
A break / close below the median-line would suggest a more significant high was registered this month / a larger trend reversal is underway. Subsequent support at the 2016 high-week close (HWC) at 1.4115 and 1.3985.
-MB
USDCAD FOR 100PIPS BULLISHconomic Data: If recent economic data (such as strong U.S. employment numbers, GDP growth, or inflation figures) are positive, it could support a stronger U.S. dollar.
Oil Prices: Since Canada is a major oil exporter, a drop in oil prices may weaken the Canadian Dollar, making the U.S. dollar more attractive.
Central Bank Policies: Any dovish stance from the Bank of Canada (such as rate cuts or reduced hawkishness) compared to a more hawkish Federal Reserve can also push the pair higher.
Technical Analysis: If the chart shows a bullish trend, with key support levels holding, it could be a signal for further gains. Look for signs like bullish candlestick patterns, moving average crossovers, or support bounce off major levels.
USD/CAD NEXT MOVESell after bearish candle stick pattern, buy after bullish candle stick pattern....
Best bullish pattern , engulfing candle or green hammer
Best bearish pattern , engulfing candle or red shooting star
NOTE: IF YOU CAN'T SEE ANY OF TOP PATTERN IN THE ZONE DO NOT ENTER
Stop lost before pattern
R/R %1/%3
Trade in 5 Min Timeframe, use signals for scalping
USDCAD SellHit the -FVG above its range experiencing a false breakout and then formed 1 hr -OB now upon confirmation the price is Bearish and TP wil be adjusted upon Price Action.
TP 1 @ 1.41510
TP 2 @ 1.41039
Sell USDCADPrice retraced to trendline and rejected same. Canadian dollar also seems to be gaining a bit of strength whilst US dollar has been weakening. US dollar is expected to continue weakening as Trump stated he wants to weaken the dollar.
USDCAD: Weak Market & Bearish Forecast
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the USDCAD pair which is likely to be pushed down by the bears so we will sell!
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USDCAD H4 ShortAccording to the past analysis in my profile, you can see that we have exited the consolidation zone but have not yet reached our bearish trend target. Sell at the market.
Would be a big home run on USDCAD ...Liquidity levels on USDCAD after price has swept the huge liquidity pool. Weekly shift indicates lower prices, the targets are yummy.
ok be safe byyyyy
USDCAD Price moving along nicely, going up to test daily zone. Tested the daily buy zone today to enter for long postioms
#USDCAD: Bearish Rally ContinuesUSDCAD is likely to continue its downward trend following a retest of a previously broken support level.
Additionally, a bearish flag pattern was formed with a breakout below a support line, further indicating a potential decrease in price.
It is anticipated that the price will soon reach the 1.4161 to 1.4139 level.
downtrendIt is expected that after some fluctuation and correction, the downward trend will continue.
If the price breaks through the resistance range, the upward trend will likely continue.
Usdcad for short.Price is bearish on the daily, it broke out of the major zone and retested it, with a bearish candlestick pattern.
USDCAD Short IdeaUSD start of wave three. USDCAD swept equal highs on the weekly. May have more downside to major support. USD may get weaker from here. Risking half percent on this trade. Meets all of my trade criteria except for retail sentiment. Currently 60% short. However the pair has high short interest from retail last week. Should see a shift to retail longs if we see more downside for the pair.
Trump reshaping Canada’s election and Loonie Six weeks ago, a Conservative victory in the next Canadian election seemed inevitable.
Now, that certainty is fading. Conservative leader Pierre Poilievre's support from the American right, including Elon Musk, is becoming a potential liability as Canada faces an unprecedented challenge: the U.S. president openly questioning its viability as a nation, threatening tariffs, and even suggesting annexation.
A recent Nanos poll shows 39.6% of Canadians see new Liberal leader Mark Carney as the most qualified to negotiate with Trump, compared to 26% for Poilievre.
This uncertainty may be weighing on the Canadian dollar. USDCAD broke lower last week, falling below key support (1.4260 - 1.4466), signaling a shift toward sellers. However, the 1-hour chart shows a minor upward trendline defining the current pullback.
USDCAD BUY ANALYSIS SMART MONEY CONCEPT Here on Usdcad price form a demand around level of support area of 1.41836 which is likely to continue going up so trader should go for long with expect profit target of 1.44358 and 1.46414 .Use money management
USDCAD VOLATILITY TRADEOn the 12 months chart, price show an impulsive bearish move that took 6 years o complete. In tandem with price action, the bullish correction that is currently active has taken 14 years. Price is yet to contact a fresh long-term supply sitting at 1.544.
On the monthly and weekly charts, the structure is still the same. Price is seeking to contact a short term fresh supply at 1.44.
On the daily chart, price continues to form new highs. On the short term (daily), we are looking at a bearish price correction fueled by the US election volatility. Price is expected to correct towards the 1.35-1.32 range thereafter resuming the original long term bullish price correction.
CACIB: CAD: a temporary break?With a bank holiday in both Canada and the US yesterday, USD/CAD has
consolidated above Friday’s lows of around 1.4150, as the pair broke away from the 1.44 pivot that had prevailed for about two months until last week. The pair nonetheless remains at the mercy of any eventual policy twist from the new US administration, mainly regarding the imposition of tariffs between the two countries as temporary respites are due to expire in early March, but also about geopolitics and its impact on global energy markets to a lesser extent. In this context, today’s Canadian CPI release for January may not attract too much attention, especially as the data has likely been distorted by the two-month break on Canadian sales tax. The BoC expects a more pronounced impact onto headline inflation (down to
1.7% YoY in January), whereas stripping out this temporary holiday, Canada’s CPI would have been on track to rise to a six-month high of 2.5% YoY. Ultimately, only a major data surprise could at this stage alter the bigger picture of Canadian inflation steadying just above 2% in the year ahead, while in any case the BoC’s reaction function may now give a greater weight onto Canada’s medium-term growth prospects, and whether any full-blown trade war could make the negative output gap worse.
