USDCAD Price moving along nicely, going up to test daily zone. Tested the daily buy zone today to enter for long postioms
USDCAD trade ideas
#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.
USDCAD in a corrective channel to continue in the downward move?USDCAD - 24h expiry
There is no clear indication that the downward move is coming to an end.
A higher correction is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 1.4175 will confirm the bearish momentum.
The measured move target is 1.4125.
We look to Sell at 1.4235 (stop at 1.4285)
Our profit targets will be 1.4135 and 1.4125
Resistance: 1.4200 / 1.4235 / 1.4250
Support: 1.4150 / 1.4135 / 1.4125
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USDCAD setting up for sell opportunitiesHello,
USDCAD is gearing up for a potential drop on the 8-hour timeframe. From a technical perspective, the pair is currently in a corrective phase after a strong bearish move from the recent highs. As price nears key moving averages, we anticipate the correction to complete, paving the way for another leg down. The MACD is also approaching the zero line, signaling that sellers could be preparing to take control.
On the fundamental side, this week is packed with high-impact events that could drive volatility. Key catalysts include:
Wednesday: FOMC meeting minutes release & a speech from President Trump.
Thursday: Initial jobless claims and crude oil inventory data.
Friday: S&P Global Manufacturing PMI and Global Services PMI.
These events are expected to influence the US dollar significantly. A weaker dollar could favor further downside in USDCAD. Additionally, trade policy remains a major market driver—Trump had initially imposed tariffs on Canada but later postponed them for a month, adding another layer of uncertainty.
With both technical and fundamental factors aligning, we maintain a bearish outlook on USDCAD in the near term. You can trade this pair using brokers that integrate with TradingView. tradingview.com/brokers/ such as TradeNation.
Good luck!
USDCAD SELL1.4h
2.dnt
3.resist
4.symmetrical exp triangle
5.rsi40/sto67/volbearish
6.
7.fibext below
8.fibretrac below
9.
10.
11.
12.bearish divergence
13.evening doji star
14.bearish
1.2h
2.dnt
3.resist
4.symmetrical exp triangle
5.rsi43/sto4/volbearish
6.
7.fibext below
8.fibretrac below
9.
10.
11.
12.bearish divergence
13.spining bottom
14.bearish
USD/CAD AnalysisTechnically on the 15M chart, I am seeing a break of trendline which may lead to the Sell/Short trade.
UCAD Bears Turn Liquid After 4% Decline From Feb. HighOANDA:USDCAD has been trading in a Sideways Consolidation for 2 months now and last week finally delivered a Breakout!
After the massive rally to 1.47926, price immediately plummeted down to not only fall back into the Consolidation Range but to then Breakout of the Support of that Consolidation.
This Breakout is followed by massive Bearish Volume on top of RSI breaking down below 50!
Price has satisfied all the Breakout Rules determining its validity, now to wait for a Retest of the broken support around the 23.6% Fibonacci Level or approx. 1.43 area for potential Short Opportunities to take down to the 1.41 area!
Fundamentally,
USD:
Tuesday - Empire State Manufacturing Index/ President Trump Speaks
Wednesday - FOMC Meeting Minutes
Thursday - Unemployment Claims/ Philly Fed Manufacturing Index/ Crude Oil Inventories
Friday - Flash Manufacturing PMI/ Flash Services PMI/ Existing Home Sales
CAD:
Tuesday - CPI
Friday - Retail Sales/ BOC Gov Macklem Speaks
CACIB: Go long USDCADUSD/CAD’s fair value fell from 1.4523 to 1.4420 due to a fall in the USCanada short-term rates spread as well as a rise in global equities, which was partly offset by a rise in the US-Canada box yield spread. USD/CAD remains more than 1.5 standard deviations undervalued. The FAST FX
model has triggered a long USD/CAD trade with a stop-loss of -1.79% and a take-profit level of 1.4420.
USD/CAD finds support (but 1.40 still beckons)USD/CAD has spent most of the past two weeks stuck on sell mode, after its short-lived rise to the 22-year high of 1.48 came crashing down thanks to tariffs being delayed.
Due to bears closing shorts on CAD futures and bulls shying away from long USD bets, my core view is for USD/CAD down to 1.40, just above the 2022 high. But over the near term it shows the potential for a bounce towards 1.43.
Last week's low stalled around a weekly VPOC and November high. A small bullish hammer and inside-day doji also formed around the 100-day EMA, while a bullish divergence also formed on the daily RSI (2) in the oversold zone.
Bulls could seek dips towards the weekly VPOC in anticipation of a bounce to 1.4250, while prices hold above last week's low. At which point we can revisit its potential to roll over once more, in line with the core bias outlined above.
Matt Simpson, Market Analyst at City Index and forex.com
USDCAD updateUSDCAD maintains a down trend in a slow and arrow regression channel, indicates that there is a slow and consistent daily move into the CAD vs the USD
USDCAD Oversold bounce incoming.USDCAD is trading inside a Channel Up.
February's price action has so far been a strong rejection of the price near the Channel Up top with the price dropping even below the MA50 (1d).
This is very similar to the last Channel Up Top on October 13th 2022, which first dropped to the 0.5 Fibonacci level and then bounced to the 0.236.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.44750 (the 0.236 Fib).
Tips:
1. The RSI (4h) is almost oversold, which also favors buying. In fact it got rejected and currently is on the exact same levels it did in September - October 2022.
Please like, follow and comment!!
SELL USDCAD for bullish trend reversal STOP LOSS : 1.4270SELL USDCAD for bullish trend reversal
STOP LOSS : 1.4270
Regular Bearish Divergence
In case of Regular Bearish Divergence:
* The Indicator shows Lower Highs
* Actual Market Price shows Higher Highs
We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart.....
The daily time frame is showing strength of trend reversal from this level resistance so we are looking for the trend reversal and correction push from here .....
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
USDCADWatch Price action as it rallies towards 1.46500. From that point, i would fancy shorts on a weekly timeframe.
USDCAD INTRADAY consolidation 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.
Sell usdcadMore sell coming
Monthly sell structure and selling zone
Daily buy trend breaks
More bearish correction expected
