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Usdcadanalysis

Trump’s Tariffs on Canada: USD/CAD Remains VolatileTrump’s Tariffs on Canada: USD/CAD Remains Volatile We are witnessing a surge in market volatility (as reflected by the upward trend of the ATR indicator), influenced by the following factors, according to Reuters: → Trump’s Tariffs. On Tuesday, new 25% import duties on Mexico and Canada came into effect, while tariffs on Chinese goods were doubled to 20%. → Donald Trump’s first speech in Congress since taking office. In it, the US president made significant statements, including the announcement of new tariffs. The US Dollar Index initially rose during Trump’s speech but later weakened to a three-month low. In theory, higher tariffs are positive for the US dollar. However, investors are looking beyond short-term safe-haven flows and are concerned about slowing US economic growth and the risk of stagflation. Why Is Trump Imposing Tariffs? Officially, US President Donald Trump is introducing tariffs on Canada to combat the "extraordinary threat" to US national security posed by uncontrolled drug trafficking. However, according to Canadian Prime Minister Justin Trudeau, Trump’s tariffs are aimed at weakening Canada’s economy—or even pushing it towards collapse—so that the US could more easily annex Canadian territory. Technical Analysis of USD/CAD In our previous USD/CAD analysis, we highlighted key levels: → Resistance at 1.44600 → Support at 1.43600 New chart data shows that bulls attempted to break through the 1.44600 resistance level, but the price failed to hold above the psychological barrier of 1.45000. Support at 1.43600 remains relevant for now. Bulls may attempt another push upwards if the price retraces to the lower blue trendline. However, whether this scenario plays out will largely depend on the broader fundamentals related to Trump’s tariffs on Canada, Mexico, and China. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. 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.
by FXOpen
2
USD/CAD "The Loonie" Forex Market Money Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑💰🐱‍👤🐱‍🏍 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the USD/CAD "The Loonie" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bearish loot at any price - the heist is on! however I advise to Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level. I Highly recommended you to put alert in your chart. Stop Loss 🛑: Thief SL placed at the recent / swing low level Using the 4H timeframe (1.44500) swing trade basis. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 1.39500 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Read the Fundamental, Macro, COT Report, Quantitative Analysis, Intermarket Analysis, Sentimental Outlook before start the plan. USD/CAD "The Loonie" Forex Market is currently experiencing a bearish trend,., driven by several key factors. 1. Fundamental Analysis Fundamental analysis evaluates the economic indicators of the United States and Canada that directly impact the USD/CAD exchange rate. United States Economic Indicators: GDP Growth: Forecasted at 2.0% to 2.5% for 2025, suggesting steady but slowing economic expansion. Inflation: Stable at approximately 2.5% to 3.0%, with recent data showing no significant surprises. Interest Rates: Currently at 4.50%, with the Federal Reserve potentially considering cuts later in 2025 if economic growth weakens. Trade Balance: The US maintains a persistent trade deficit, though it remains manageable given the broader economic context. Canada Economic Indicators: GDP Growth: Projected at 1.0% to 1.5% for 2025, indicating moderate growth heavily tied to commodity exports. Inflation: Around 2.0%, stable but sensitive to fluctuations in energy prices. Interest Rates: Set at 3.0%, with the Bank of Canada (BoC) likely to hold steady or adjust slightly based on incoming economic data. Trade Balance: Mixed, with oil exports being a critical driver of the Canadian Dollar (CAD). Key Insight: The interest rate differential (4.50% in the US vs. 3.0% in Canada) currently supports the USD. However, declining oil prices—a key factor for Canada—and potential Fed rate cuts introduce uncertainty into the fundamental picture. 2. Macroeconomic Factors Macroeconomic conditions provide a broader context for currency movements, encompassing global and country-specific trends. Global GDP Growth: Expected to range between 3.0% and 3.3% in 2025, reflecting moderate global economic expansion. US Economy: Exhibits signs of slowing growth, with the Federal Reserve adopting a cautious stance, potentially leading to rate cuts if economic conditions deteriorate. Canadian Economy: Strongly influenced by commodity prices, especially oil, which has faced volatility due to global supply and demand dynamics. Central Bank Policies: The Fed is in a wait-and-see mode, while the BoC remains data-dependent, with possible rate adjustments if inflation or growth shifts significantly. Geopolitical Events: Trade tensions, including US-imposed tariffs, could pressure Canada’s economy, potentially weakening the CAD. Key Insight: Macroeconomic factors present a mixed outlook. Moderate global growth supports risk assets, but trade tensions and central bank caution create uncertainty for USD/CAD. 3. Global Market Analysis Global market conditions influence currency pairs through risk sentiment and economic interdependencies. Equity Markets: US and global equity indices are range-bound, reflecting uncertainty and mixed economic signals. Commodity Prices: Oil prices are under pressure, a bearish factor for the CAD given Canada’s role as a major oil exporter. Currency Markets: The USD shows strength against some currencies but weakness against others, lacking a dominant trend. Key Insight: Weak oil prices act as a headwind for the CAD, potentially pushing USD/CAD higher, though broader market uncertainty moderates this effect. 4. Commitment of Traders (COT) Data COT data offers insights into the positioning of large traders, shedding light on market sentiment. Large Speculators: Recent trends indicate a net short position on USD/CAD, suggesting bearish sentiment among big players. Commercial Traders: Positioning is mixed, with some hedging activity reflecting uncertainty in the market. Market Implications: The net short stance among speculators points to a bearish outlook, but it also raises the possibility of a crowded trade, increasing the risk of a short squeeze if the pair rallies. Key Insight: Bearish sentiment prevails among large traders, aligning with technical signals, though the concentration of shorts could lead to volatility. 5. Intermarket Analysis Intermarket analysis examines correlations between USD/CAD and other asset classes. Oil Prices: A strong inverse correlation exists between USD/CAD and oil prices. Falling oil prices typically strengthen USD/CAD by weakening the CAD. Commodity Currencies: USD/CAD often aligns with movements in other commodity-linked currencies like AUD/USD and NZD/USD. Equity Markets: A risk-on environment (rising equities) can pressure the USD downward, while risk-off sentiment bolsters it. Key Insight: Declining oil prices provide a bullish tilt for USD/CAD, but this is tempered by mixed risk sentiment across global markets. 6. Quantitative Analysis Quantitative analysis employs technical indicators to assess price trends and momentum. Moving Averages: The pair is trading below its 50-day and 200-day moving averages, signaling a bearish trend. RSI (Relative Strength Index): At 45, the RSI is neutral but approaching oversold territory, hinting at potential downside exhaustion. MACD (Moving Average Convergence Divergence): Positioned in negative territory, indicating bearish momentum. Chart Patterns: A bear flag pattern has been noted, with a potential downside target near 1.3164, suggesting further declines. Key Insight: Technical indicators predominantly point to a bearish trend, with the possibility of additional downside if key support levels are breached. 7. Market Sentiment Analysis Market sentiment reflects the collective psychology of traders and investors. Trader Sentiment: Surveys and positioning data indicate a bearish bias, with traders anticipating further declines in USD/CAD. Expert Opinions: Analysts largely recommend selling the pair, citing both technical and fundamental weaknesses. Social Media Trends: Discussions on platforms like X reveal mixed views, with some predicting a drop to 1.4000 and others warning of potential reversals. Key Insight: Sentiment leans bearish, consistent with technical indicators and COT data, reinforcing expectations of a downward move. 8. Positioning Positioning reveals how traders are aligned in the market, influencing potential price dynamics. Speculative Positions: Likely net short, based on COT data and sentiment surveys, indicating widespread bearish bets. Institutional Positioning: Mixed, with some institutions hedging against possible USD weakness. Market Impact: The heavy short positioning could trigger volatility if the pair moves against the consensus, such as in a short squeeze scenario. Key Insight: Bearish positioning dominates, heightening the risk of a sharp reversal if positive USD catalysts emerge. 9. Next Trend Move The next likely price movement is derived from current data and market conditions. Direction: Downward pressure is favored, driven by technical sell signals and bearish sentiment. Key Levels: Support: 1.4150; a break below could target 1.4000 or lower. Resistance: 1.4500; a move above could signal a trend reversal. Triggers: Upcoming economic data releases, central bank statements, or shifts in oil prices could catalyze the next move. Key Insight: The next trend move is likely to test lower support levels, potentially reaching 1.39500 if bearish momentum continues. 10. Overall Summary Outlook Overview: On March 6, 2025, with USD/CAD at 1.43000, the pair exhibits a bearish outlook. Technical indicators, bearish trader positioning, and market sentiment suggest downside risks. However, fundamental factors—such as declining oil prices and potential trade tensions—could provide some support for the pair. The market is at a pivotal point, with price action near key support levels likely to dictate the next direction. Future Prediction Trend: Bearish (Short-Term), with Potential for Reversal Details: Short-Term: The pair is poised to test support at 1.41500, with a possible decline to 1.39000 if this level breaks. This outlook is driven by technical weakness and bearish sentiment. Risks: A reversal could occur if oil prices rebound or if US economic data exceeds expectations, potentially pushing the pair toward 1.39000. Conclusion: The short-term forecast favors a bearish trend, supported by prevailing technical and sentiment signals. However, fundamental factors like oil prices and trade policies could cap downside or trigger a reversal, warranting close monitoring of upcoming data and events. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Short
by Thief_Trader
USD/CAD - Harmonic Patterns and Momentum IndicatorsTechnical Analysis of USD/CAD - Harmonic Patterns and Momentum Indicators Overview: The USD/CAD chart illustrates price action on the hourly timeframe, incorporating harmonic patterns, Fibonacci retracements, and momentum indicators to identify potential reversal and continuation points. The presence of a Crab harmonic pattern suggests a critical turning point, while momentum oscillators provide additional confirmation. **Harmonic Pattern Analysis:** 1. A **Crab harmonic pattern** is evident, with the price reaching the terminal point at approximately **1.44627**. 2. The **XA and BC Fibonacci extensions** align with key retracement levels, reinforcing the likelihood of a reversal at this zone. 3. The price has **rejected the high point**, indicating potential exhaustion of bullish momentum. **Support and Resistance Levels:** - **HOP (Harmonic Optimal Point):** **1.44627** - The potential completion zone of the Crab pattern. - **XA Retracement:** **1.43968** - A key structural support level. - **BC Level:** **1.43721** - A secondary support level for price continuation. - **T2 (Target 2):** **1.42596** - A potential downside target if bearish momentum continues. **Momentum Indicators:** - **Stochastic RSI & Relative Strength Index (RSI):** - The **Stochastic RSI** shows a recent overbought condition, followed by a decline, indicating potential bearish momentum. - The **RSI also exhibits bearish divergence**, where price made a higher high while RSI formed a lower high, suggesting weakening bullish strength. **Market Sentiment & Potential Trade Opportunities:** - Given the rejection at **1.44627**, a **short position** could be considered if confirmation of further downside emerges. - A break below **1.43968** could reinforce the bearish bias, with **1.42596** as a potential target. - However, if the price finds support and rebounds, a bullish continuation could be anticipated, requiring further validation. **Conclusion:** The **Crab harmonic pattern, overbought momentum indicators, and Fibonacci confluence suggest a possible bearish reversal**. Traders should monitor **key support levels and momentum shifts** to determine whether the bearish scenario plays out or if buyers regain control. Risk management and confirmation signals are crucial before entering a trade.
Short
by BeaucoupPips
Trump’s Tariff Threat: USD/CAD Hits Three-Week HighTrump’s Tariff Threat: USD/CAD Hits Three-Week High As we reported on 3 February, Trump’s tariffs pushed USD/CAD to a 22-year high. However, a one-month tariff delay led to a sharp drop, sending USD/CAD to its 2025 low near 1.41550. As the end of the delay approaches, the pair has been climbing again since mid-February (as shown by the arrow). Yesterday, President Trump confirmed that his proposed 25% tariffs on Mexican and Canadian goods will take effect on 4 March. This dashed hopes for another delay and triggered a breakout above the 1.43600 resistance level. Technical Analysis of USD/CAD Above current levels, key resistance lies at 1.44600, which has held firm since mid-December. However, drastic measures from Trump’s administration could drive further price movement within the blue-marked channel. Expect volatility spikes ahead of Canada’s GDP release, scheduled for today at 16:30 GMT+3. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. 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.
by FXOpen
2
Short I opened a short position based on the following reasons: 1)  Daily candle on the 13th Feb decisively broke and closed below the support line around 1.430 zone and created fair value gap.   2) The price retraced to the FVG area and closed below the area this morning (I am looking at 4H and 1H for this).    3) Both MACD and RSI in Daily and 4H are in the bear zone. 4) 4h MACD has just crossed in the bear zone and is moving to the downside.  5) 4H MACD is also showing hidden divergence which indicates the continuation of the down trend.  6) 4H EMA is below EMA 200 and the candle closed below EMA 21.  Entry price 1.4190 Stop Loss: 1.43 (just above EMA 200 in 4H.  It is a general stop and I will move it soon if the price moves to the downside) Profit target:  1.3975  (I might manually close it if the price struggles to go below 1.4000)  Risk: Reward is 1:1.65
Short
by EbonyFalcon
WEEKLY MARKET OVERVIEW FOR MAJOR CURRENCY PAIRSWEEKLY MARKET OVERVIEW FOR MAJOR CURRENCY PAIRS 1️⃣ NDZUSDT Overall, the weekly (W) and monthly (M) trends are in a SELL direction ⬇️ However, at the beginning of the week, W will correct upwards (BUY) before facing price resistance around 0.589 - 0.592, which is a potential SELL zone ⚠️ Setup: ✅ BUY at the beginning of the week using Rainbow MG3 indicator on H1 - D1 ❌ SELL after price reacts at resistance using Rainbow MG3 on M15 - H4 📊 Projected chart attached 2️⃣ AUDUSDT The overall trend on W and M is SELL, but D1 is currently correcting upwards 🔄 Setup: ✅ BUY H1 - D1 using Rainbow MG3 indicator ❌ SELL H1 - D1 using Rainbow MG3 indicator 🔁 Trade both directions based on Rainbow MG3 signals 📊 Projected chart attached 3️⃣ EURUSDT ✅ BUY H1 - D1 using Rainbow MG3 indicator ❌ SELL H1 - D1 using Rainbow MG3 indicator 🔁 Trade both directions based on Rainbow MG3 signals 📊 Projected chart attached 4️⃣ GBPUSDT ✅ BUY H1 - D1 using Rainbow MG3 indicator ❌ SELL H1 - D1 using Rainbow MG3 indicator 🔁 Trade both directions based on Rainbow MG3 signals 📊 Projected chart attached 5️⃣ USDCAD Setup: ✅ BUY H1 - D1 📊 Projected chart attached 6️⃣ USDJPY Setup: ❌ SELL H4 - W 📊 Projected chart attached ⚡ Trading Signals Confirmation All trade setups require confirmation using the Rainbow MG3 indicator before execution ✅
by rainbow_sniper
USDCAD – looking for value to go short .. the week of 17 FebAs per my analysis, we are seeing a weak USD across all major and minor currency pairs on the weekly and daily time frames. Which pair to trade will probably become clearer on Mon, but for now I am looking at USDCAD. Yes, that huge spike up gap is confusing, but that gap was quickly filled. If I just ignore that gap, the picture becomes clearer; now I find that the price action this entire year was in a range between 1.4468 and 1.4280. This range narrowed considerably to the lower part of the range (see the yellow box) and this led to my bearish bias. On Thu last week, price actually broke down (below the range). It could attempt a pull back to the area I have marked in green. This area is significant, it has acted as support multiple times. I also see that the bearish candles have started becoming larger and I feel that the bears are taking control of this market. If price does pullback to my zone, we could have a good trade location. Given the scenario I described, I would take a short position, with stop around 1.4350 and initial target at the support near 1.4180. If the downtrend continues with momentum, I will consider extending my trade to a secondary target near 1.3950. This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Short
by Trading_Vista
USDCAD INTRADAY loss of important supportThe USDCAD currency pair intraday sentiment appears bearish, supported by the confirmed loss of support of the longer-term sideways consolidation trading range. However, since the spike caused by the possible tariff announcement on 03rd February 2024, the USDCAD price action is displaying signs of bearish behaviour. The increase in optimism over the Russia and Ukraine truce triggers the price action. The USD currency remains strong based on the expectation that the Fed will hold interest rates at the current levels for longer. On the other hand, the market expectation for BoC is to continue gradually reducing the interest rates further. The key trading level is at 1.4260. An oversold rally from the current level and a bearish rejection at 1.4260 level could target additional downside support at 1.4150 followed by the 1. 4100 and 1.4025 levels over the longer timeframe. Alternatively, an oversold rally from the current levels and a confirmed breakout above 1.4260 resistance and a daily close above that level would negate the bearish outlook opening the way for a further rally and a retest of 1.4300 resistance followed by 1.4350 and 1.4400 levels. 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.
by TradeNation
USD/CAD Ready To Go Down Hard , Let`s Sell It To Get 250 Pips !As we see we have a very good daily closure below sideway range and we have avery good retest to the area and the price gave amazing bearish price action , so i`m looking to sell this pair today or tomorrow morning when the price go backa litle to give me a good chance to put a small sl , and i think the price will go down very hard at least 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.
Short
by FX_Elite_Club
1
USDCAD consolidation could turn bearish below 1.4300 level.The USDCAD currency pair sentiment appears neutral, supported by the longer-term sideways consolidation trading range. However, since the spike caused by the possible tariff announcement on 03rd February 2024, the USDCAD price action is starting to display some signs of bearish behaviour. Today, Thursday 13th February 2025 USDCAD is testing psychologically important support around the 1.4300 level. The price action is triggered by the increase in optimism over the Russia and Ukraine truce. The USD currency remains strong on the expectations that the Fed will hold interest rates at the current levels for longer. On the other hand, the market expectation for BoC is to continue gradually reducing the interest rates further. The key trading level is at 1.4300, the current swing low range from 18th December 2024 until 04th February 2025. A continuation of the selling pressure below the 1.4300 level and a daily close below the 1.4250 support level could target additional downside support at 1.4200 followed by the 1. 4250 and 1.4110 levels over the longer timeframe. Alternatively, an oversold rally from the current levels and a confirmed breakout above 1.4380 resistance and a daily close above that level would negate the bearish outlook opening the way for a further rally and a retest of 1.4430 resistance followed by 1.4450 levels. 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.
by TradeNation
Market Analysis: USD/CAD Takes A DiveMarket Analysis: USD/CAD Takes A Dive USD/CAD declined and now consolidates below the 1.4360 level. Important Takeaways for USD/CAD Analysis Today - USD/CAD started a fresh decline after it failed to clear the 1.4800 resistance. - There is a short-term bearish trend line forming with resistance at 1.4320 on the hourly chart at FXOpen. USD/CAD Technical Analysis On the hourly chart of USD/CAD at FXOpen, the pair climbed toward the 1.4800 resistance zone before the bears appeared. The US Dollar formed a swing high near 1.4790 and recently declined below the 1.4500 support against the Canadian Dollar. There was also a close below the 50-hour simple moving average and 1.4360. The bulls are now active near the 1.4270 level. The pair is now consolidating losses below the 23.6% Fib retracement level of the downward move from the 1.4792 swing high to the 1.4270 low. If there is a fresh increase, the pair could face resistance near the 1.4320 level. There is also a short-term bearish trend line forming with resistance at 1.4320. The next key resistance on the USD/CAD chart is near the 1.4360 level. If there is an upside break above 1.4360, the pair could rise toward the 1.4395 resistance. The next major resistance is near the 50% Fib retracement level of the downward move from the 1.4792 swing high to the 1.4270 low at 1.4530, above which it could rise steadily toward the 1.4790 resistance zone. Immediate support is near the 1.4270 level. The first major support is near 1.4240. A close below the 1.4240 level might trigger a strong decline. In the stated case, USD/CAD might test 1.4000. Any more losses may possibly open the doors for a drop toward the 1.3850 support. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. 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.
by FXOpen
1
USDCAD Long BaisUS Dollar against Canadian Dollar The USD/CAD pair is currently on a structural support line that has historically demonstrated its ability to hold the pair. Based on this observation, it is reasonable to anticipate that the pair may respect this support level and potentially reverse to the upside, presenting a possible opportunity to enter a long position. I would be interested in hearing your perspective on the future price action of this pair. As always, it is important to consider conducting further analysis and implementing appropriate risk management strategies before making any trading decisions.
Long
by sirkamal
1
USD/CAD "The Loonie" Forex Market Bullish Heist PlanDear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the USD/CAD "The Loonie" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The heist is on! Wait for the breakout (1.45100) then make your move - Bullish profits await!" however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Using the 4H period, the recent / nearest low or high level. Goal 🎯: 1.48000 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, Sentimental Outlook: 🟣 Fundamental and Macroeconomic Analysis US Dollar (USD): The USD remains strong due to the Federal Reserve's hawkish stance. The Fed has signaled potential rate hikes or prolonged higher rates to combat inflation, which supports the USD. Recent US economic data (e.g., strong labor market, resilient GDP growth) reinforces the Fed's tightening bias. Upcoming US CPI and PPI data will be critical. Higher-than-expected inflation could further boost the USD. Canadian Dollar (CAD): The CAD is influenced by oil prices (Canada is a major oil exporter). Crude oil prices have been volatile due to geopolitical tensions and OPEC+ production cuts, but recent stabilization around 80−85/barrel provides some support. The Bank of Canada (BoC) has paused rate hikes, citing slowing inflation and economic growth. This dovish stance weakens the CAD relative to the USD. Canada’s upcoming employment and GDP data will be key. Weakness in these metrics could further weigh on the CAD. Key Drivers: Interest Rate Differential: The Fed’s hawkishness vs. the BoC’s dovishness favors USD strength. Oil Prices: A sustained rise in oil prices could support the CAD, but current levels are not enough to offset USD strength. Economic Data: Strong US data vs. weaker Canadian data could widen the USD/CAD upside. 🟢 Commitments of Traders (COT) Report The latest COT data shows: Commercial Traders (Hedgers): Increasing long positions in the CAD, suggesting they expect some CAD strength or USD weakness in the medium term. Non-Commercial Traders (Speculators): Net long on USD, reflecting bullish sentiment toward the USD. Retail Positioning: Retail traders are heavily short on USD/CAD, which often acts as a contrarian indicator, suggesting further upside potential for USD/CAD. 🔵 Market Sentiment and Positioning Sentiment: The market is broadly bullish on the USD due to the Fed’s stance and strong US economic data. The CAD is viewed as vulnerable due to the BoC’s pause and reliance on oil prices, which are not currently providing enough support. 🟤 Positioning: Institutional investors are net long USD/CAD, aligning with the fundamental outlook. Retail traders are net short, which could lead to a squeeze higher if the USD continues to strengthen. 🔴 Market Sentiment and Positioning: COT Data: Non-commercial traders (speculators) are net long on USD, reflecting bullish sentiment. Retail traders are net short on USD/CAD, which often acts as a contrarian indicator (bullish for USD/CAD). Institutional Positioning: Institutional investors are net long USD/CAD, aligning with the fundamental outlook. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤗
Long
by Thief_Trader
2
USDCAD - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast: 1.39318 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI support #1 at 47 is not broken, the probability of price decrease would be too low. A trough is formed in daily chart at 1.34185 on 09/25/2024, so more gains to resistance(s) 1.44670, 1.46000, 1.46900 and more heights is expected. Supports and Resistances: 1.46900 1.46000 1.38884 1.38168 1.37487 1.36876 1.36072 1.35404 1.34323 1.33664 1.31816 1.30929 __________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
Long
by ForecastCity
21
USDCAD Could move 1,064pips up the next month.The reasons why I strongly believe this move will happen are the following: According to the CFTC non-commercials are shorting CAD. Non-commercials have 20,388 positions long and 68,914 positions shorts. This means that they are selling more CAD than they actually buying it. According to this info we could expect a move to the upside. From a monthly perspective there is plenty of buy side liquidity in USDCAD. If you look at the chart you will see two blue circles and a dollar bill between them . Those highs have not been liquidated yet. The price is aggressively chasing those highs. According to the explanation provided the price is extremely bullish because is moving to a strong liquidity area. From monthly perspective the price already liquidates sell side liquidity. If look at the chart you will see a yellow circle . The yellow circle represents the sell side liquidity that was liquidated by the price. The price has bullish structure. The price is making higher highs will doing so liquidating sell side liquidity. There is a lot of optimists about the dollar getting stronger in the near future. DXY has bullish structure. The DXY is currently making a retracement. It is currently at 50%. We could assume that is very close to be ready because it took sell side liquidity as well. In other words, the CAD is getting weaker and the USD stronger.
Long
by Wiiso
2