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Usdcadanalysis

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
USD/CAD Exchange Rate StabilisesUSD/CAD Exchange Rate Stabilises As we reported on 3 February, the decision by the US president to impose 25% tariffs on goods imported from Canada sent the USD/CAD rate soaring to a 22-year high. However, after a round of negotiations between Donald Trump and Justin Trudeau, the tariff implementation was postponed by a month, which was reflected in the USD/CAD exchange rate chart. Current USD/CAD Chart Analysis: → The price has retreated from the upper boundary of the ascending channel identified three days ago and has now dropped below its lower boundary. → The price has returned to and remains within the broad 1.4270 – 1.4460 range. → The ATR indicator has reversed from its peak and is trending downward. Given these factors, it is reasonable to say that USD/CAD is stabilising after recent volatility. But what lies ahead? The exchange rate may fluctuate within the 1.4270 – 1.4460 range, reacting sensitively to any news on Trump’s tariff policies and his startling suggestion of making Canada the 51st US state. 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
USDCAD, Is 1.47 available ?Hello Traders, Happy new year in advance, I Hope you have a great year ahead with your family. let's go for USDCAD analysis: for upcoming weeks, we'll probably see a downward correction to Specified level at first and then it will start another Rally. so with a proper trigger we can open a short position at first and after that a long position with TP around 1.4700. And finally tell me what do you think ? UP or DOWN ? leave your comment below this post. If this post was helpful to you, please like it and share it with your friend. THANKS.
by aminrzb
6
Trump’s Tariffs Push USD/CAD to a 22-Year HighTrump’s Tariffs Push USD/CAD to a 22-Year High As promised during his election campaign, US President Donald Trump introduced tariffs just two weeks after his inauguration: → 25% on goods from Canada and Mexico, prompting both countries to vow retaliatory measures. → 10% on Chinese goods, with China announcing plans to challenge the decision at the World Trade Organization. The tariffs will take effect on 4 February. Trump acknowledged potential economic pain but justified the measures as necessary to combat illegal immigration and drug trafficking, arguing that the long-term benefits would outweigh the costs. Trump’s decision: → Led to a decline in US stock indices, as analysts fear a potential trade war and global stagflation (sluggish economic growth amid high inflation). Further tariffs on Europe may follow. → Strengthened the US dollar, which gained around 1% against major currencies. According to the USD/CAD chart, the Canadian dollar is trading around 1.4700 against the US dollar—a level last seen in early 2003. On 30 January, our USD/CAD technical analysis highlighted the significance of a key trendline supporting the uptrend since last autumn. Now, by drawing a parallel line through December’s peak (A), we can identify a resistance level where the pair is currently stabilising. A large bullish gap has also formed on the chart. The lower boundary around 1.4600 may act as technical support in the short term, though broader price movements will likely be driven by fundamental factors. 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