USDCAD trade ideas
USD/CAD(20250325)Today's AnalysisToday's buying and selling boundaries:
1.4294
Support and resistance levels:
1.4357
1.4333
1.4318
1.4270
1.4255
1.4232
Trading strategy:
If the price breaks through 1.4294, consider buying, the first target price is 1.4318
If the price breaks through 1.4270, consider selling, the first target price is 1.4255
USDCAD 1H forecastLooking for a bearish outlook on UCAD as a potential Leading Digonal pattern, note* it can also be a 1-2 1-2 pattern.
Even if price re-prices by moving up, making all these pullbacks, the main direction is bearish.
I'm adding more USDCAD short here!!I've not been happy with UCAD price movement. It is fast. Hit me out fast or go for TP, but either one, be fast about it. This guy has been going down albeit slowly. I'm adding more positions here as I know it will fall.
Dont mind those telling you to buy, it is not buying. You're still early to the move.
Ya gaziere unu
Triangle breakout (correction) i had posted a similar trade earlier but on buys without the candle breaking out the triangle, but now i have seen the clear movement of the chart and I'm certain that its a sell. Goodluck
USD/CAD(20250325)Today's AnalysisToday's buying and selling boundaries:
1.4318
Support and resistance levels:
1.4379
1.4356
1.4342
1.4295
1.4280
1.4257
Trading strategy:
If the price breaks through 1.4342, consider buying, the first target price is 1.4356
If the price breaks through 1.4295, consider selling, the first target price is 1.4280
USDCAD Weekly ForecastUSDCAD Weekly Forecast
WAIT FOR THE PERFECT SET-UP!
Looking for buy-side liquidity to be taken
Then, we'll take SELL entry for a LONG-TERM REVERSAL
DIRECTION IS BULLISH, BUT WAITING FOR CORRECTION!
Stay tuned for updates and get ready to ride the trend!
Triangle break outMy stoploss feels abit too tight so i might adjust my entry and buy lower and increase my SL by 10 pips
USD/CAD(20250324)Today's AnalysisToday's buying and selling boundaries:
1.4345
Support and resistance levels:
1.4404
1.4382
1.4368
1.4322
1.4308
1.4286
Trading strategy:
If the price breaks through 1.4345, consider buying, the first target price is 1.4368
If the price breaks through 1.4322, consider selling, the first target price is 1.4 308
Price action Revisited usdcad analysis noticed there's imbalance where the green line is at current selling to that point the buys will be activated to the second red line
USDCAD BUYSExpecting market to take out the structural liquidity, then tap into the QMR block and Buy
USDCAD on the RiseLet's envisage that the USDCAD has picked a discount from 1.43400 heading to 1.45500 and this could be up to 1.47000 ... Therefore I'm taking advantage of this move by going long on it to 1.45500.... Thanks
USD CAD - SHORT- Previous week low broken.
- Level has retested and rejected with a daily pin bar for the short signal.
SELLGod First
Minimum Risk Maximum Reward
Action Backed Believe
# faith, strategy, and execution all in one #
London session sell setup on USD/CADGood morning traders
USD/CAD for the London session we expecting to see price deliver lower to take out yesterday’s low marked sellside liquidity. Good luck
UsdCad is BullishA long buy is spotted on this pair and it needs a good entry then hold long till htf Tp.
Happy Trading
USDCAD Long Intraday IdeaTrading Idea : USDCAD Intraday Long
This trade is based on a confluence of technical indicators suggesting a potential upward move in USDCAD on an 1hr timeframe.
Rationale:
The pair experienced a breakout above the 1.44 level, indicating strong bullish momentum.
Following the breakout, the price has retraced, pulling back to the 50% and 61.8% Fibonacci retracement levels. These levels are considered key support zones in an uptrend.
Additionally, the price is finding support along an established upward trend line, further reinforcing the bullish bias.
Trade Setup:
Entry: 1.43202. This entry point aligns with the Fibonacci retracement and trend line support.
Stop Loss (SL): 1.43042. This stop loss is placed below the Fibonacci retracement and trend line support, protecting against potential downside risk.
Take Profit (TP): 1.43581. This target represents a potential upward move following the retracement and aligns with intraday volatility.
Key points:
The combination of a breakout, Fibonacci retracement, and trend line support creates a strong technical case for a long position.
This is an intraday trade, so quick execution and monitoring are essential.
As always, consider current market conditions and news events before entering the trade.
USD/CAD 4H range opportunityThe USD/CAD has re-entered its 4-hour range. The lower zone around 1.4275 could be an opportunity to initiate buy positions, aiming initially at the bearish trendline currently near 1.44.
If this bearish trendline breaks, the second target will be 1.4490, the top of the range.
Conversely, a bearish break below 1.4250 would invalidate this scenario, as the range would then be broken to the downside.
USD/CAD Trend During US Trading Session - Further Upward?🔔🔔🔔 USD/CAD news:
👉The U.S. central bank decided to keep its benchmark interest rate unchanged for the second consecutive meeting on Wednesday, amid growing concerns about an economic slowdown and the possibility of persistently high inflation. Federal Reserve Chair Jerome Powell emphasized the high level of uncertainty stemming from President Donald Trump's major policy shifts, adding that Fed officials may wait for more clarity on their economic impact before taking action.
👉New economic forecasts indicate that Fed officials have lowered their growth projections for this year but still anticipate an additional half-percentage-point rate cut by 2025. Meanwhile, the more hawkish tone on interest rates from Fed officials since December has provided some support for the U.S. dollars (USD).
👉On the other hand, crude oil prices have rebounded due to escalating geopolitical tensions in the Middle East, which could strengthen the commodity-linked Canadian dollar (CAD) and weigh on the USD/CAD pair. It is worth noting that Canada is the largest oil exporter to the United States, and higher crude oil prices typically have a positive impact on the value of the CAD.
Personal analysis:
👉In the short term, this pair is still maintaining its upward momentum due to economic data
👉However, RSI (1H) is in the extreme overbought zone near 80, so the buyers are showing signs of slowing down and the market is likely to reverse in the short term.
👉Consider strong support zones to buy at the best price for you
👉Analyze based on resistance - support levels and Fibonacci combined with trend lines and EMA to come up with a suitable strategy
Plan:
🔆 Price Zone Setup:
👉Buy USD/CAD 1.4350 - 1.4340
❌SL: 1.4315 | ✅TP: 1.4390 - 1.4430 - 1.4470
FM wishes you a successful trading day 💰💰💰
Sell Setup at Key Level & High-Value VWAPI have planned a short entry on USD/CAD around a key level that aligns with a high-value VWAP from the second week's low of this month. This VWAP has consistently acted as a strong reference point, showing Rhythm being tested and reinforcing its significance. Given its role in attracting liquidity and providing structural resistance, I see this as a high-probability area for a sell opportunity.
Since there are currently no significant fundamental factors affecting the U.S. dollar or the Canadian dollar, I am basing this setup entirely on price action and technical confluence. I will wait for confirmation on lower timeframes before executing the trade.
