Looking to pullback to previous FVG and Liquidity on USD/CADLooking for pull back after the liquidity sweep and orderblock shown on chart. Low risk day because of FOMC trade carefully.
USDCAD trade ideas
BOJ Rates remains constant @0.50%the BoJ rates remains constant @0.50% giving pound a fighting chance against the YEN .
Canadian dollar poised to strengthen against the US dollarUSD/CAD could strengthen over several trading sessions as it moves below an uptrend, with momentum, as measured by the relative strength index (RSI), turning negative. This could strengthen USD/CAD to around CA$1.415 from its current rate of CA$1.433.
USD/CAD has been unable to rise back above CA$1.45 despite multiple attempts since mid-February. The pair’s RSI is forming a bearish divergence pattern, suggesting that momentum no longer favors the Loonie, which continues to weaken against the US dollar.
The loonie also appears to be attempting to break below a short-term uptrend that began around 20 February. With that uptrend at risk, USD/CAD may decline in the coming days.
The hourly chart shows that the loonie has repeatedly attempted to break above CA$1.45 , with each effort failing — except for a move between 31 January and 3 February, which ultimately proved to be a failed breakout attempt. With the loonie showing signs of strengthening, USD/CAD could consolidate around support at CA$1.427, with the more critical and substantial support area around CA$1.415.
To the upside, a reversal higher in USD/CAD could face strong resistance around CA$1.45, as it has for months.
Written by Michael J Kramer, founder of Mott Capital Management
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USADCAD Target Flame ContinuesAs we Analysis previously in the video,USDCAD will continue trending up..Note that,the analysis is invalid when price break the Low at 1.42593..
USDCAD Set To Grow! BUY!
My dear friends,
USDCAD looks like it will make a good move, and here are the details:
The market is trading on 1.4290 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.4377
Recommended Stop Loss - 1.4244
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
Trading balanceThe price is currently in the resistance zone and has prospects of entering the balance zone. If the balance zone is overcome, the price is able to reach the target near the lower resistance zone.
BUY IDEA ON USDCADWe have a buy idea on USDCAD upon a bounce from our demand level. We have seen a break of structure on the lower timeframe.
USDCAD Changing its moves after Bullish Divergence.Bullish divergence on RSI
.Already makes HHs and HL
.Ready for next HH
USD/CAD For Bullishyou can go long now
or
wait for pull-back near entry point and then go long
general trend is up trend
have fun :)
USDCAD Short Setup – Potential Top Formation & Seasonal WeaknessTechnical: USDCAD has stalled in recent weeks, signaling a potential topping pattern. A recent break of the short-term trend suggests a deeper correction may follow. Key resistance is at 1.4355 , offering a favourable risk-reward short opportunity.
Fundamental: The U.S. dollar remains weak, with commercial participants showing little interest in buying. Meanwhile, the Canadian dollar is seeing increased accumulation, indicating a potential shift in momentum.
Seasonal: Historically, from March 24 – April 30 , USDCAD has declined 76.2% of the time over the past 21 years, with an average drop of 1.30%.
Trade Idea:
Sell: 1.4355
Stop Loss: 1.4551
Target: 1.3948
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Good opportunity to long here There was intraday bos yesterday (1st red line) second confirmation (2nd red line) waiting to see what price does to buy during NYS ....
USDCAD , 1H USDCAD on 1h we have a potential long position
The break and retest of the HEAD & SHOULDERS pattern
USDCAD 1H forecastWe're in an impulse down, forming wave 4 as a Zig-Zag correction. I project the price to touch 38,2 and we can expect a collapse after that rally.
uptrendIt is expected that we will see the start of the upward trend and the price will advance to the resistance trend line.
If the price breaks through the previous low, the above scenario will be invalid.
POSSIBLE SELL SET UP ON USDCADUSDCAD is obviosly on down trend making lows and highss after it broke the recent up trend, connencting the two previous highs is the easiest way to identify where the continuation will begin. if price aligns with the trend on the liquididty area and give us nice price action rejection ,wewill bodly ttake sells.
Bearish reversal?The Loonie (USD/CAD) is rising towards the pivot which is a pullback resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 1.4359
1st Support: 1.4236
1st Resistance: 1.4451
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Bearish reversal?USD/CAD is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.4366
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Stop loss: 1.4447
Why we like it:}
There is a pullback resistance level.
Take profit: 1.4345
Why we like it:
There is a pullback support level.
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#USDCAD 4HUSDCAD (4H Timeframe) Analysis
Market Structure:
The price is currently trading within a well-defined downtrend channel and has reached the upper boundary, which is acting as strong resistance. Previous price action suggests that sellers have been active at this level, leading to potential bearish pressure.
Forecast:
A sell opportunity may arise if the price fails to break above the channel resistance and shows signs of rejection. If the resistance holds, further downside movement is expected within the channel structure.
Key Levels to Watch:
- Entry Zone: Consider selling near the channel resistance upon confirmation of bearish rejection.
- Risk Management:
- Stop Loss: Placed above the channel resistance to manage risk.
- Take Profit: Target lower levels within the channel, aligning with previous support zones.
Market Sentiment:
As long as the price remains within the downtrend channel and respects the resistance, the bearish trend is likely to continue. However, a breakout above the resistance may shift the market sentiment toward bullish movement.
Inverse head and shoulders on H4USD/CAD faced strong resistance near 1.4800 last month and has recently carved out a lower high at 1.4550, Société Générale's FX analysts note.
Below 1.4240, USD/CAD can fall towards 1.4150 and 1.4030
"Daily MACD is within positive territory but has dipped below its trigger line highlighting receding upward momentum. A short-term pullback is taking shape. Low achieved earlier this month at 1.4240 is first layer of support. Break below this can lead to extended down move towards 1.4150 and projections at 1.4030. Resistance at 1.4550 must be overcome to confirm further uptrend."
USDCAD: Will Start Growing! Here is Why:
The analysis of the USDCAD chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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USDCAD 4H Chart Analysis1. Market Structure
The chart shows a bearish market structure, where price has broken a key trendline support.
The price previously made higher highs and higher lows, but recently failed to continue upward and broke below the ascending trendline.
This confirms a potential trend reversal to the downside.
2. Key Levels
Broken Support Zone (~1.4350 - 1.4400): This level previously acted as support, but price has now dropped below it.
Current Resistance (~1.4300 - 1.4320): Price attempted a pullback to this zone, but it is now acting as resistance.
Target Zone (~1.4165 - 1.4180): Marked as a potential take-profit area for short positions.
3. Bearish Setup Confirmation
The chart shows a short position setup, with:
Entry near the pullback area (~1.4300)
Stop-loss above the resistance zone (~1.4350 - 1.4400)
Take-profit near 1.4165 (previous key support)
The trade setup suggests a Risk-to-Reward Ratio (RRR) > 2:1, making it a favorable setup.
4. Trading Strategy
If Price Retests Resistance (1.4300 - 1.4320) and Rejects → Short (Sell) Entry
If Price Breaks Above 1.4350 → Invalidates Bearish Setup
If Price Drops Below 1.4260 → Bearish Momentum Confirmed
5. Additional Confirmation Factors
EMA 50: Price is below the 50 EMA, which supports the bearish outlook.
Break of Trendline: Strong signal for downside continuation.
Conclusion
Primary Bias: Bearish
Entry Zone: Near 1.4300 - 1.4320 resistance
Stop Loss: Above 1.4350
Take Profit: Around 1.4165
Trade Confirmation: Look for rejection candles at resistance.
USD/CAD Very Near Buying Area , Are You Ready To Get 200 Pips ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
