USDCAD Sell Setup – Watching for Rejection at 1.37679Looking to enter short if price retests the 1.37679 level. Waiting for confirmation of resistance holding before executing the trade. Targeting downside continuation if the level holds.
USDCAD trade ideas
USDCAD - Re entryWe were bullish yesterday, we took a trade but we were stopped at a 14 Pips. We are taking a buy trade today too, a non confirmation low risk trade.
USDCAD H4 | Potential bearish dropUSD/CAD is is rising towards the sell entry at 1.3758, which is an overlap resistance and could drop from this level to the downside.
Stop loss is at 1.3758, which is an overlap resistance.
Take profit is at 1.3692, which is a pullback support that aligns witht he 61.8% Fibonacci retracement.
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Strong bearish sentiment For the longest time USDCAD has been bullish, not that we broke and retested the trendline. I see a continuation down to
.35000
USDCAD support at 1.3730The USDCAD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 1.3730 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 1.3730 would confirm ongoing upside momentum, with potential targets at:
1.3830 – initial resistance
1.3860 – psychological and structural level
1.3890 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 1.3730 would weaken the bullish outlook and suggest deeper downside risk toward:
1.3716 – minor support
1.3690 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the WTI Crude holds above 1.3730. A sustained break below this level could shift momentum to the downside in the short term.
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USDCAD (sell)USDCAD has broken a previous bullish trendline (green line) and started to fall.
My entry idea is to wait for a pullback and a bounce of the 61% fib level before heading back down to the previous low.
for added confluence you can wait for an overbought level on the stochastic oscillator indicator once it reaches the 61% fib level
USDCAD SELL OPPORTUNITY Price just formed and broke the symmetrical triangle pattern which is a sign of bearish continuation from the pullback resistance of 1.38550 therefore, a sell opportunity is envisaged from the current market price. Target price is 1.36918
Triangle The triangle pattern is expected to move in the specified direction. Then, with the completion of the corrective pattern, the start of an uptrend is likely. If the price breaks through the specified support area, a continuation of the downtrend is likely.
USD/CAD(20250806)Today's AnalysisMarket News:
The US non-manufacturing PMI fell to 50.1 in July from 50.8 in June, below the expected 51.5. The ISM New Orders Index fell to 50.3 in July from 51.3 in June, with export orders contracting for the fourth time in five months.
Technical Analysis:
Today's Buy/Sell Levels:
1.3781
Support and Resistance Levels:
1.3828
1.3810
1.3799
1.3763
1.3751
1.3734
Trading Strategy:
On a breakout above 1.3781, consider a buy entry, with the first target at 1.3799. On a breakout above 1.3763, consider a sell entry, with the first target at 1.3751.
USD CAD Where Are We Heading DEEP ANALYSIS Hi Trading Fam
So with USD CAD this is what we are seeing:
Bearish:
If we stay under 1.38 then a drop down to the 1.37 range
Bullish:
If we can close above the high at 1.38 then we have levels of 1.3840 , and 1.3980 that could be hit
Trade Smarter Live Better
Kris
USD Could Gain Further Against CAD Despite Weak Jobs ReportThe weaker-than-expected US jobs report on 1 August, along with significant downward revisions, sent shockwaves through the market, and the US dollar was not spared. The stronger upward momentum observed over the past couple of weeks seemed to vanish almost instantly. Although the USDCAD has recently moved lower, it still maintains strong bullish momentum, indicating a potential move back toward higher levels.
The USDCAD formed a rather convincing triple-bottom pattern in June and even moved above a long-term downtrend. Additionally, the currency pair rose above the neckline of the triple bottom at 1.376, which now serves as a support level. Momentum, as measured by the Relative Strength Index, has turned upward and suggests that the USDCAD could move higher.
To further reinforce the bullish trend, the USDCAD remains above its 10-day exponential moving average. Therefore, while the prevailing market sentiment might lead one to believe the dollar will weaken, technical indicators suggest that the Canadian dollar will continue to weaken against the US dollar if support and the moving average around 1.37 hold. A break below this support area would indicate a trend reversal, potentially causing the USDCAD to fall back to lows around 1.358.
However, if the bullish trend persists and the USDCAD manages to hold above support at 1.37, the currency pair could head higher towards 1.397, retesting a resistance level established in mid-May.
Written by Michael J. Kramer, founder of Mott Capital Management.
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Smart Money Is Setting the Trap… Are You Walking Into It?”“💥USDCAD About to Explode — Final Wave Is Loading.
📉 If You Miss This Entry, You’ll Chase the Exit.
🧠 Wave 5 ≠ Just Another Move
It’s the final shot before the reversal storm.
✅ All signs point to liquidity being hunted
📍Stay sharp. 1.403 may be the bull trap of the year.
🎯 Make no mistake — the market is not random,
it’s engineered to fake you out before the real drop.
---
USDCAD: Long entry trigger on 4HGood morning everyone,
today I am sharing a Long signal received now via alert from the LuBot Ultimate indicator.
I will enter on correction (around 50% of the trigger candle).
TP slightly higher than suggested at 1.1850 e
SL on the suggested level.
The signal is confirmed by the positive structure (green candles) just started on the 4H and a bullish trend confirmed by the signal a few candles back.
The predictum also shows a rising signal, thus predicting a positive situation for the current month.
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⚠️ Disclaimer: This post is for informational purposes only and does not constitute financial advice. Always do your research before making investment decisions.
Watching Retracement Levels for Potential USDCAD Entry📈 The USDCAD remains firmly in a bullish trend following a sharp pullback on the 4-hour timeframe. Price continues to print higher highs and higher lows, showing sustained upward momentum. I’m watching for a retracement back into equilibrium of the previous price swing — if price dips and then breaks structure to the upside, I’ll be eyeing a potential long entry 🔍📊 (not financial advice).
USDCAD Daily AnalysisUSDCAD has recently completed a clean 5-wave Elliott Wave decline, reaching a significant low at 1.3540 on June 16, 2025. This low marks the end of the bearish cycle, followed by an accumulation phase. During this phase, price formed a triple bottom pattern, confirming strong demand around the 1.3540–1.3560 zone.
The breakout above the neckline confirms this reversal pattern, and price is now retesting the previous resistance zone (1.3750–1.3770), which has turned into support.
The pair is also trading above the 21-period EMA, reinforcing the bullish momentum.
Elliott Wave & Structure Outlook
Elliott Wave count shows a completed 1–5 bearish wave, followed by a corrective bullish structure in progress.
Wave A of the corrective move has likely completed, and Wave B retracement is underway.
A continuation toward Wave C is expected, targeting the 1.4180–1.4300 resistance area, aligning with prior major supply zones.
Trade Plan
Buy Entry Zone: 1.3750 – 1.3700
Stop Loss: 1.3560 (below structure support and trendline)
Take Profit Targets:
🎯 TP1: 1.4000
🎯 TP2: 1.4180
🎯 TP3: 1.4300
USDCAD has shifted from a prolonged bearish trend into a bullish corrective phase. A successful retest of the breakout zone offers a high-probability long trade setup. Breakout and continuation toward 1.4180–1.4300 aligns with wave theory and technical resistance zones.
USDCAD IDEAConfluence of Previous weekly high with Daily EBP (Engulfing Bar Play), 4 hour entry after 4h Order block taken and 4H IFVG.
USDCAD 4H chart bullish setup - 04 August 2025🔍 1. Market Overview
🔸 Technical Outlook (4H Chart)
Price: Currently at 1.37792, just above a strong Buy Zone at 1.37659.
Structure: Bullish trend continuation with higher highs and higher lows.
Targets:
TP Target: Clearly marked at 1.39310 to 1.39793 resistance zone.
Support: Strong base near 1.37659; additional support at 1.35586.
Bias: Bullish, based on structure and rejection near support.
🔸 Trend Projection
The black average trend line shows price is likely to rebound upward starting August 4, aligning with the technical bullish zone.
Green projections suggest upside potential, supporting a long bias.
Red projections are possible but less likely based on current price structure and support strength.
📊 2. Fundamental Analysis
🔸 Labor Market (NFP Report)
Actual: 73k vs Forecast: 110k → -37k miss (Bearish for USD)
Impact: Weak U.S. labor data could temporarily weaken USD, but CAD is even weaker fundamentally (see below), making USDCAD likely to still rise.
🔸 COT (Commitment of Traders) Data
USD: Net short (43.52% long vs 56.48% short) → Slightly bearish.
CAD: Extremely bearish (17.67% long vs 82.33% short).
Net Positioning Bias: Bullish USDCAD (weaker CAD sentiment outweighs USD weakness).
🔸 Retail Sentiment
Retail is 53% Short vs 47% Long → Slightly more traders are betting against USDCAD.
Contrarian View: Retail traders are often wrong at turning points, which adds to bullish bias.
✅ 3. Trade Plan
🟢 Entry Plan
Entry Zone: Between 1.37659 and 1.37800 (buy zone, minor retracement area).
Confirmation: Look for a bullish candlestick reversal pattern (hammer, engulfing) on 1H/4H timeframe.
🎯 Take Profit (TP)
Primary TP: 1.39310 (strong resistance & marked TP target).
Extended TP: 1.39793 (monthly resistance level).
🛑 Stop Loss (SL)
Below support: 1.37250, just below the buy zone to avoid noise.
📌 4. Risk-Reward Ratio
Entry: ~1.3779
SL: 1.3725 (≈54 pips)
TP: 1.3931 (≈152 pips)
R:R ≈ 1:2.8 → Solid setup
⚠️ 5. Risk & News Events
Be aware of upcoming CAD data or USD CPI/inflation releases.
If risk sentiment worsens globally (e.g., oil prices rise → CAD strength), consider tightening stop or partial profits.
BULLS Cleared path for Buyers...A Buy Setup On USD/CAD..The 4H was significant enough to break both key levels 👌
USDCAD about to Burst soon!Consolidating in 1H and 30M.
Maybe something big is going to happen during the London Session.
We wait for a nice bearish candle to enter. Also, it will be nice to see price go below the blue line drawn, as it will give us further confirmation about the downwards move.
Potential Buy Opportunity on USDCADReasons I think this pair will rise
-Price gave us a triple bottom formation which tells us bears could not continue pushing the market down. Suggesting price will rise.
- RSI was oversold on the 4H
What do you think ?
My USDCAD bullish senarioAs dxy looks like it wants to retrace higher, I would expect the same outcome with USDCAD . Ive outlined what im looking for as price retrace from a key area back into 50% of daily fib to look for long side buys. Let's see how this pans out
USD/CADThis is a trade setup for USD/CAD, based on volume and trend analysis.
Entry Price: 1.38614
Stop-Loss (SL): 1.38514
Take-Profit (TP): 1.38864
The trade is intended to be executed instantly at the mentioned price, in alignment with both volume behavior and the current trend direction.
Disclaimer: This setup is shared purely for backtesting purposes and to document trade ideas. It is not financial advice. Always perform your own analysis before making any trading decisions.
