USDCAD, A simple swing structure S/D paired with OTEThe supply zone is fresh , i would expect some reaction or bounce from the zone since its also present at the OTE of the swing.
USDCAD trade ideas
USDCAD SHORT we have a lot of confirmation USDCAD, Daily timeframe is short, and weekly same. Moreover the price hit the 60% fibbonacci level on daily and rejected from that level. I expect the price to get down from the 2 hour orderblock on 1.4482.
USDCAD Short H4 UpdateRemember, 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!
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USDCAD Major Zone (Sell/Bearish)We have now reached a zone that has been hit twice in the past 11 or so years (Jan 19, 2016 and March 19, 2020) as seen on the chart. Will we see this respected zone once again?
THIS SELL PROVIDED IS NOT OFFICIAL, ONLY FOR DRAFT!
USDCAD Eyes on BoC Interest Rate DecisionUSDCAD Eyes on BoC Interest Rate Decision
On Friday, the Bank of Canada reported a contraction in employment data. However, it was positive that the unemployment rate remained unchanged at 6.6% from the previous month, and the average hourly wages for February were higher than the previous month. Overall, the Canadian economy is performing well.
Despite this, USDCAD is expected to advance further in the coming days. On Wednesday, March 12, the BoC will announce its interest rate decision. The market anticipates a rate cut of 25 basis points, bringing the rate down to 2.75% from the current 3%2.
This expectation is causing CAD weakness ahead of the news. The price may test our target areas soon.
If this does not happen by Wednesday, trading could become riskier.
You may find more details in the chart!
Thank you and Good Luck!
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USDCAD 1H TimeFrame BuyUSDCAD good potential for a scalp buy. total trend is bullish
now we found some good support area to enter position
USDCAD, more waterfall ahead for the next few weeks!USDCAD, benefited from a mid term market correction as it has risen back to resistance levels.
But this rise is always met with well -- resistance.
A shift has been spotted already at these higher levels and a significant trim down is expected from here on. DXY is also looking to continue its descend journey.
Spotted at .14430
Interim Target at 1.4300
Mid Target at 1.4200
Trade safely.
TAYOR.
USDCAD H4 | Bearish BreakoutBased on the H4 chart analysis, we can see that the price is currently at our sell entry at 1.4423, a pullback resistance
Our take profit will be at 1.4311, a pullback support.
The stop loss will be placed at 1.4540, which is a swing-high resistance.
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Risk off, Dollar off | FX ResearchRisk off - dollar off isn't exactly a familiar trend in markets, yet this is how things have been playing out in recent sessions. Ultimately, the market is deeply distressed about the outlook for the U.S. economy given the unpredictability of administration policies, forcing investors into risk reduction mode, where alternatives to the U.S. dollar have become the currency of choice, at least for now.
The Canadian dollar is the only notable laggard among developed currencies, with price action reflecting the stress on the Canadian economy as U.S. tariffs take effect and Canada responds with its own retaliatory measures. Mark Carney will step in as Canada's new Prime Minister and has vowed to keep retaliatory tariffs in place until the U.S. shows Canada more respect.
Earlier today, German industrial production came in better than expected, fueling additional demand for the euro. Looking ahead, there are no first-tier risks on the calendar for the rest of the day, with market focus remaining on broader headlines.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
USDCAD, Short, 15m✅ USDCAD formed a clear rising wedge pattern, signaling a potential bearish move. The price is expected to decline slightly from this level.
Canadian economic data showed stronger-than-expected results, including a better unemployment rate, higher Ivey PMI, and a strong trade balance, boosting the CAD. In contrast, U.S. data revealed a higher unemployment rate and weaker Non-Farm Payrolls, putting pressure on the USD.
SHORT 📉
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Selling USDCADLast week, with the release of news, USD dropped and made a new low.
I'm looking for price to touch the 1.44300 area and fall.
Market Insights with Gary Thomson: 10 - 14 MarchMarket Insights with Gary Thomson: US Inflation Rate and Producer Price Index, BoC Interest Rate
In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in!
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CFDs are complex instruments and come with a high risk of losing your money.
USDCAD LOngEntered a scalp trade by simply watching the previous resistance break, followed by a strong bullish candle closing above the resistance. The 1H trend is upward, and hidden divergences have also formed
Sell usdcadOne more sell wave expected till our target
Uper trend broken retested successful
Respecting fresh sell area and forming a downtrend channel
correctionThe correction is expected to advance to the specified support level.
Then, within the specified time frame, there is a possibility of a trend change and the start of the upward trend.
Bullish bounce off pullback support?The Loonie (USD/CAD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 1.4151
1st Support: 1.3946
1st Resistance: 1.4477
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USDCAD - USDCAD - Has broken recent downtrend giving us a reversal on our Zone , Meaning we are entering buys for this coming up week.
2025/03/10
BEARISH ON USDCADThe pair is following a bearish trend with no bullish divergence so we can short it once it hits the trendline.
Bearish drop?USD/CAD has reacted off the resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.4412
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 1.4539
Why we like it:
There is a pullback resistance level.
Take profit: 1.4247
Why we like it:
There is an overlap support level.
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