USDCAD trade ideas
trade viewthis is just a trade view
i am looking for trade from to the upper demand zone.
usd cad was falling and took support and started bouncing.
if usd gains strength then this trade can give you good return
USDCAD - Short term bearish long term bullishI was analyzing USDCAD and I noticed two type of patterns. One pattern is a strong bearish pattern to a strong bullish pattern. Hope it helps.
USD/CAD💰Symbol: { USD/CAD }
🟩Price: { 1.37435 }
🟥Stop: { 1.37045 }
1️⃣profit: { 1.37817 }
2️⃣profit: { 1.38240 }
3️⃣profit: { 1.38619 }
📊Check your chart before entering.
🚨Check before use to make sure there is no important news.🚨
Bullish bounce?The Loonie (USD/CAD) is falling towards the pivot that aligns with the 161.8% Fibonacci extension and could bounce to the 1st resistance, which has been identified as an overlap resistance.
Pivot: 1.3604
1st Support: 1.3441
1st Resistance: 1.3953
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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.
USD/CAD - continues the downtrendOn USD/CAD , it's nice to see a strong sell-off from the price of 1.37540 and 1.38150 . It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
Strong S/R zone from the past and high volume cluster are the main reasons for my decision to go short on this trade.
Happy trading,
Dale
Cautious Bulls Meet Trendline Test: USD/CAD Eyes FOMC CatalystCMCMARKETS:USDCAD OANDA:USDCAD USD/CAD extended its recovery for the third day, trading near 1.3833 on modest USD strength following upbeat U.S. data. However, fiscal worries and expectations of Fed rate cuts in 2025 may limit upside momentum. Traders are cautious ahead of the FOMC Minutes and U.S. PCE/GDP data, while firmer Canadian inflation and oil prices could support the CAD.
Technically, the pair remains within a broad downward channel and is now approaching key resistance at 1.3856, aligned with the descending trendline. A clear rejection here could spark a bearish continuation toward 1.3711 support. A breakout above 1.3937 would invalidate the bearish channel and suggest trend reversal.
Resistance : 1.3856 , 1.3937
Support : 1.3711 , 1.3809
15 minute bearish Wolfewave Target Made.The risk/reward of this pattern is quite attractive.
Patterns could show up in multiple timeframes.
The weekly bearish Wolfewave is still in play.
Evening Forecast 3/6/2025 on USDCADHello, this is my Evening Forecast 3/6/2025 on USDCAD. Curious for your comments and feedback. Thank you!
Usdcad buy enteryReady to fly
But wait first to sweep low and our bullish level
Monthly weekly oversold
USD/CAD H1 | Overlap resistance at 38.2% Fibonacci retracementUSD/CAD is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.3756 which is an overlap resistance that aligns close to the 38.2% Fibonacci retracement.
Stop loss is at 1.3807 which is a level that sits above the 61.8% Fibonacci retracement and an overlap resistance.
Take profit is at 1.3689 which is a swing-low support.
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USDCAD Sell- Go for sell only when entry setup given
- Refine entry with smaller SL for better RR, if you know how
- keep looking for sell even if price goes one more up
- later CAD news could trigger the move
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USDCAD Under PressureSeveral negative data points were released this week for the US dollar, led by the ADP Non-Farm Employment Change, which posted its lowest reading since March 2023 at just 37K. Additionally, the Non-Manufacturing PMI fell below the key 50 level, recording 49.9. These readings add further downside pressure on the US dollar. On the other hand, the Bank of Canada kept interest rates steady at 2.75%.
Technical Outlook on the Daily Chart
The US Dollar against the Canadian Dollar (USDCAD) is trading in a general downtrend, forming lower highs and lower lows, confirming the bearish momentum.
Traders should monitor any corrective rise toward the 1.38164 level as a potential opportunity to continue the downtrend and target 1.36015.
However, a break and daily candle close above 1.38611 would invalidate the bearish scenario.
Note
Markets are anticipating the US and Canadian employment data due on Friday, June 6, 2025. Significant volatility is expected upon their release, especially for the USDCAD pair.
bear is the word of the dayOANDA:USDCAD the USD trend is still strong bears are still in the lead,
confluences daily downtrend(1) break of market structure to the downside(2) break and retest of resistance(3)
# USDCAD H1 MTD FVG FOR LONG# USDCAD H1 MTD FVG FOR LONG
after LTF Conformation with valid mss then entry
1st Target - 1.40155
2nd Target - 1.41250
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KGB Priyabrat Behera
ICT & Advaance Mapping SMC Trader
Usdcad I hv been waiting for the big move in usdcad and it is about to happen u hv seen price got to de resistance zone and we are about to sell
Bullish bounce off pullback support?USD/CAD is falling towards the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.3787
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.3703
Why we like it:
There is a pullback support level.
Take profit: 1.3904
Why we lik eit:
There is an overlap resistance level that lines up with the 71% Fibonacci retracement.
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usdcadThe Canadian dollar is likely to move in one of 3 directions:
There is a weekly support and a weekly trend line ahead
There is a daily resistance and a 4-hour timeframe
If the 4-hour support is not broken, it is ready to buy
AWAIT BOS FIRST!! USDCAD SHORT FORECAST Q2 W22 D29 Y25
🔥👀USDCAD SHORT FORECAST Q2 W22 D29 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
💡Here are some trade confluences📝
✅Daily Order block
✅HTF 50 EMA
✅Intraday bearish breaks of structure to be identified
✅15’ order block identified
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
Potential bullish rise?The Loonie (USD/CAD) has reacted off the pivot and could rise to the 1st resistance that aligns with the 71% Fibonacci retracement.
Pivot: 1.3792
1st Support: 1.3688
1st Resistance: 1.3905
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.
Heading into 61.8% Fibonacci resistance?USD/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.3894
Why we like it:
There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 1.3985
Why we like it:
There is a pullback resistance level that lines up with the 138.2% Fibonacci extension.
Take profit: 1.3752
Why we like it:
There is a pullback support level.
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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.
Market Analysis: USD/CAD Declines SteadilyMarket Analysis: USD/CAD Declines Steadily
USD/CAD declined and now is consolidating below the 1.3800 level.
Important Takeaways for USD/CAD Analysis Today
- USD/CAD started a fresh decline after it failed to clear the 1.4000 resistance.
- There is a connecting bearish trend line with resistance at 1.3740 on the hourly chart at FXOpen.
USD/CAD Technical Analysis
On the hourly chart of USD/CAD at FXOpen, the pair climbed toward the 1.3900 resistance zone before the bears appeared. The US Dollar formed a swing high near 1.3890 and recently declined below the 1.3800 support against the Canadian Dollar.
There was also a close below the 50-hour simple moving average and 1.3750. The bulls are now active near the 1.3700 level, but they might fail to protect more losses. If there is an upside correction, the pair could face resistance near the 1.3740 level.
There is also a connecting bearish trend line with resistance at 1.3740. The trend line is near the 23.6% Fib retracement level of the downward move from the 1.3888 swing high to the 1.3694 low.
If there is a fresh increase, the pair could face resistance near the 1.3790 level. It is close to the 50% Fib retracement level of the downward move from the 1.3888 swing high to the 1.3694 low. The next key resistance on the USD/CAD chart is near the 1.3815 level.
If there is an upside break above 1.3815, the pair could rise toward the 1.3890 resistance. The next major resistance is near the 1.3935 level, above which it could rise steadily toward the 1.4000 resistance zone.
Immediate support is near the 1.3695 level. The first major support is near 1.3660. A close below the 1.3660 level might trigger a strong decline. In the stated case, USD/CAD might test 1.3600. Any more losses may possibly open the doors for a drop toward the 1.3550 support.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
