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USDCAD LONG DAILY FORECAST Q3 D10 W28 Y25USDCAD LONG DAILY FORECAST Q3 D10 W28 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 👀 💡Here are some trade confluences📝 ✅Daily Order block identified ✅4H Order Block identified ✅1H Order Block identified 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Long
by JCFRGNT
USD/CAD) Down Trand Read The captionSMC trading point update Technical analysis of USD/CAD (U.S. Dollar / Canadian Dollar) on the 1-hour timeframe, with a focus on a potential double-top formation at strong resistance, followed by a drop toward support: --- Analysis Overview Trend Structure: Downward-sloping channel with lower highs and lower lows. Confluence Area: The current rally is approaching both the upper channel boundary and a significant horizontal resistance zone (~1.3660–1.3700). --- Key Technical Elements 1. Resistance & Double-Top Setup The price nears the resistance zone (yellow) where it previously reversed (noted by red arrows). A cap-and-float pattern (double/top-like structure) is projected: price pushes higher, hesitates, tests resistance again, then fails—a sign of weakening bullish momentum. 2. EMA 200 Interaction The 1-hour EMA 200 (blue line at ~1.3635) sits just below current price. A failure to sustain above this level reinforces the bearish case. 3. RSI Overextension RSI (14) is around 64–69, indicating near-overbought conditions on this timeframe, suggesting a potential pullback. 4. Price Targets Initial target: Lower channel boundary near 1.3556 (highlighted support). Extended target: Beneath to 1.3540, aligning with the broader Demand zone. --- Proposed Trade Setup Step Action Level Entry Short near top of resistance/channel (after double-top confirmation) 1.3680–1.3700 Stop-Loss Above recent high and channel resistance ~1.3720 Take Profit 1 Near EMA 200/lower channel bounce ~1.3556 Take Profit 2 Extended move to demand zone ~1.3540 Estimated Move ~1.15% drop from midday highs – --- Risk & Event Factors Scheduled Canadian or U.S. data releases (icons shown) could introduce volatility and disrupt technical patterns. A breakout above ~1.3720 would invalidate this bearish thesis and shift bias bullish. Mr SMC Trading point --- Summary Expecting a cap-and-float double-top formation at key resistance near 1.3660–1.3700, followed by a trend continuation drop toward 1.3556–1.3540. The bearish setup is supported by a down-channel structure, EMA 200 failure, and overbought RSI conditions. Please support boost 🚀 this analysis)
Short
by SMC-Trading-Point
27
USD /CAD) bearish reversal analysis Read The captionSMC trading point update Technical analysis of USD/CAD pair on the 2-hour timeframe, suggesting that the price is likely to drop toward the support zone. Here's the detailed idea behind the analysis: --- Chart Breakdown (2H – USD/CAD) 1. Resistance Zone (Yellow Box - Top): Marked as a strong supply area where price has repeatedly been rejected (highlighted by red arrows). Acts as a key zone where sellers are in control. Also aligns with a descending trendline, reinforcing bearish pressure. 2. Support Zone (Yellow Box - Bottom): This is the target point marked at 1.35387, which previously served as a demand zone. The chart suggests this level as the next significant area where price might find buyers. 3. Trend Context: Price is moving within a descending channel (black trendlines), confirming the overall downtrend. The 200 EMA (1.36834) is acting as dynamic resistance, keeping price under pressure. 4. Projected Move (Blue Box): Shows a potential drop of ~91 pips toward the support level. A bearish wave is anticipated as per the black zigzag line on the chart. 5. RSI Indicator: RSI is near neutral (49.02 and 49.70) — suggesting no overbought/oversold conditions, but confirming lack of bullish momentum. RSI is aligned with price trending down. Mr SMC Trading point --- Summary: Bias: Bearish Entry Zone: Near current price or minor pullback (1.364–1.365) Target: 1.35387 (support zone) Invalidation: Break and close above resistance level / 200 EMA (~1.3685) Trend: Downtrend within channel --- Please support boost 🚀 analysis)
Short
by SMC-Trading-Point
26
USDCADTrend Reversal Structure + Lower High + Supply Zone Rejection Key Confirmations: 1.Market Shift from Bullish to Bearish (Structure Break) Price formed a Lower High (LH) after a Higher High (HH). A clear Break of Structure (BOS) to the downside occurred (marked on the chart), indicating a shift in trend from bullish to bearish. 2.Trendline Respect + Rejection A clean downward trendline is drawn connecting HH → LH → lower LH. Price rejected perfectly from the trendline, confirming resistance and bearish momentum. 3.Supply Zone Rejection Price action touches a previously tested supply zone (highlighted in red). That zone acted as resistance, and price failed to break above. 4.Bearish Continuation Setup After forming a Lower Low (LL), price pulls back to create another Lower High (LH) – classic bearish continuation pattern.
Short
by AzdrenBytyqi
1
USDCAD Bearish Reversal Trade Setup – 3H Chart Analysis (June 26 Entry Zone: 1.37279 – 1.37554 🔹 Stop Loss: 1.37934 🔹 Target: 1.35278 🔹 Risk-to-Reward (RR): ~1:2.5 🧠 Technical Breakdown Trend Overview: Overall trend shows a downtrend from earlier June, followed by a corrective bullish move. Price failed to sustain above the 200 EMA (blue line), indicating continued bearish pressure. Trade Line Break: A steep bullish trendline was broken, signaling a potential trend reversal or deeper pullback. Bearish Rejection Zone: The purple zone (1.37279 – 1.37554) acted as resistance. Price formed a lower high and rejected this zone, confirming selling interest. Entry Strategy: Short entry is ideally within or just below the rejection zone. Aggressive entry already in play at current market price (1.36909) after confirmation. Target Zone: Projected towards 1.35278, aligning with previous support and fib retracement zone. Large purple support zone near the target suggests a potential reversal area. ⚠️ Risk Notes Be cautious of USD volatility due to upcoming economic events (noted with icons on the chart). Stop loss above previous swing high minimizes risk of fakeouts. ✅ Summary: This is a bearish swing setup aiming for a significant drop toward 1.35278. The clean rejection from resistance and trendline break supports a high-probability short opportunity with favorable risk-reward.
Short
by EA_GOLD_MAN_COPY_TRADE
20
USDCAD - Outlook Short on all IndicatorsUSDCAD - Outlook Short on all Indicators TVC:DXY FRED:TREASURY ECONOMICS:USGD US CONS - The US Treasury is under $353.5 Billion. - DXY will continue to fall. - The Decline of the US Dollar will continue. - US Debt has exceeded $36 Trillion - US Federal Debt Deficiency of over $2 Trillion (Must be paid prior to Interest Payments) - US Federal Interest (over $1 Trillion) - War in Iran - USD could be converted to GOLD and moved to BTC - Moody's US credit rating reduce. - Interest Rate Cuts US PROS - Trump could get funding from another country. - Interest Rate increases - Positive FOMC in July
Short
by MatrixBits
USDCAD: Price Approaching Buying Zone, Will DXY Bounce Back? The USDCAD pair has dropped significantly in recent times, particularly as the DXY index has plummeted. The extremely bearish nature of the DXY suggests that the price of USDCAD is melting. Both fundamental and technical indicators indicate a potential bullish price reversal for this pair, which could potentially hit our first take-profit area. This is a swing analysis, so please give time for the trade to get activated and for it to work out in our favour. Please note that this analysis does not guarantee that the price will move as suggested. Before trading, it’s essential to conduct your own research. If you’d like to assist us, we encourage you to consider the following actions: - Like our ideas - Provide comments on our ideas - Share our ideas Kind regards, Team Setupsfx_ Much love ❤️🚀
Long
by Setupsfx_
30
USDCAD: If This Breaks, USDCAD Might Be Lining Up a Smooth DropUSDCAD tapped into a clear liquidity zone and showed signs of weakness at the top. Price is now hovering near a potential break of structure, and a fair value gap has formed just above. If we get that break, the idea is to wait for price to retrace into the FVG, then look for a clean continuation to the downside. There’s also a bearish trendline holding well, adding pressure to the move. On top of that, a head and shoulders pattern is forming, another clue that momentum could be shifting lower. No need to rush. Let the break happen. Let price return. Then act.
Short
by J4mesWick
CAD Option Flow Positive Sentiment. It's worth taking a closer Based on the analysis of yesterday's trading on CME, we have captured an excellent portfolio in the lens. The trader methodically formed this position in a 5-minute period of time, which is a good sign. Сonfirmation - the market is already moving in his direction But, reasonable entry level - above 0.7339. Don't rush it. The risk/profit ratio is still at acceptable levels, but it's worth waiting for the resistance to be overcome.
CME:6C1!Long
by ClashChartsTeam
USDCAD Bearish OutlookTrend: Bearish (Lower highs and lower lows) Key Resistance / Invalidation Level: 1.38121 Current Price: ~1.3700–1.3750 range Expected Move: Further downside towards the 1.3500–1.3420 area unless price breaks and closes above 1.38121. --- 🎯 Trade Plan Setup: Look for bearish entries on retracements towards the 1.3700–1.3750 area. Invalidation: A confirmed breakout and close above 1.38121. Target: 1.3500–1.3420 range. -- ⚡️ Summary USDCAD remains in a downtrend, making lower highs and lower lows. As long as price stays below 1.38121, the bearish outlook is favored. --- ⚠️ Disclaimer This is NOT financial advice. All trading involves significant risk, and you should only trade with money you can afford to lose. Always do your own analysis or consult with a qualified financial advisor before making any trading decisions.
Short
by Forex_Int
USDCAD Analysis – Breaking the Chains, Eyeing 1.38+USDCAD Price broke out from a long descending channel, followed by two bullish continuation flags – classic breakout-retest pattern. Price is now pushing above 1.3720, aligning with the 38.2% Fib level of the prior drop. Next upside targets: 🔹 1.3833 (Fib 61.8%) 🔹 1.3913 (Fib 78.6%) Clear stop level: below 1.3625 (channel breakout support) Structure Bias: Bullish continuation. Clean breakout + consolidation = probable impulse toward 1.3830/1.39. 📊 Current Bias: Bullish 🔍 Key Fundamentals Driving USDCAD USD Drivers (Neutral to Bullish): Fed held rates, dot plot shows only 1 cut in 2025, but Powell's tone leaned dovish. US Retail Sales + PPI were weak, but safe-haven USD demand persists due to geopolitical risks and equity volatility. Market reassessing Trump election risk, Fed independence, and inflation stickiness. CAD Drivers (Bearish): Oil prices are volatile due to Middle East tensions, but weak demand caps upside. Canada’s CPI softened, BoC already delivered a dovish cut earlier this month. CAD under pressure due to dovish BoC outlook and fiscal concerns (gov't budget deficits expanding). CAD is also suffering from reduced foreign investment flows. ⚠️ Risks to Watch Oil price spikes (especially if Strait of Hormuz risk escalates) may boost CAD short-term. A sharp reversal in DXY or Fed commentary shift toward aggressive easing. Weak US data next week (Core PCE especially) could unwind USD momentum. 🗓️ Upcoming Events to Watch US Core PCE (June 28) – critical inflation gauge for the Fed BoC Business Outlook Survey Oil Inventories + Global energy sentiment Geopolitical: Israel–Iran updates and Canada’s fiscal signals 🏁 Which Pair Leads the Move? USDCAD is leading commodity crosses as CAD weakness broadens. Watch USDCAD and GBPCAD for signs of CAD softness before others like AUDCAD/NZDCAD follow.
Long
by ultreosforex
5
USD/CAD)) Bearish Trand analysis Read The captionSMC trading point update Technical analysis of USD/CAD on the 3-hour timeframe, using Smart Money Concepts (SMC) and classic technical analysis. Here's a breakdown --- Key Technical Insights: Overall Trend: The pair is in a clear downtrend, confirmed by: Lower highs and lower lows Price trading below the 200 EMA (currently at 1.37402) Respect for the downtrend channel --- Resistance Zones: 1. Upper Resistance Zone (~1.38400 – 1.38750): Strong historical sell area (price sharply reversed here in late May) 2. Mid Resistance Zone (~1.36450 – 1.36750): Price reacted twice here and dropped. Aligns with the downtrend line and was recently tested again (red arrow). --- Bearish Projections: After the latest pullback into the resistance zone, price is expected to: Reject the zone Continue following the descending structure Target marked around 1.35034, which coincides with: Previous low Lower boundary of the descending channel Mr SMC Trading point --- Chart Tools & Features Used: Trendlines: Clearly marking the downtrend channel 200 EMA: Used as dynamic resistance Fib-like measured move: Mirrored previous impulse moves (-1.61%) suggesting a symmetric drop Arrows: Indicating reaction points from resistance --- Conclusion: Bias: Bearish Invalidation: Break and hold above 1.36500 would weaken the bearish outlook. Next Move: Potential sell setups on lower timeframe retests or bearish confirmations within the resistance zone. Please support boost 🚀 this analysis)
Short
by SMC-Trading-Point
7
USDCAD Bearish Bias: Beware Liquidity Traps & Reversal Risks.I'm currently keeping a close eye on USDCAD, which has been in a strong bearish trend. 📉 In this video, I explain how the market is unfolding across both the higher and lower timeframes, and why it’s critical to watch them in conjunction. On the lower timeframes, we often see a clean sequence of lower highs and lower lows, as the algos set up a seemingly a smooth trend. But traders should be cautious ⚠️ Why? Because on the higher timeframes, the market can easily pull back, triggering a liquidity hunt. This is often when the algorithm targets stop orders above recent highs, before resuming the trend 🧠💥 While my bias remains bearish, I'm also aware of the risk that the market could shift gears unexpectedly to run stops and shake out weak hands. This concept is fully broken down in the video — with examples of how to spot these traps and prepare accordingly 🎯
Short
by fxtraderanthony
USDCAD Under Pressure: Chart Signals & Macro Forces Point South!The USDCAD pair is under clear pressure, as illustrated in this chart 📊. The visual structure highlights a persistent bearish trend, with price action consistently forming lower highs and lower lows. The chart is reinforcing the idea that sellers are dominating the market. Notably, the drawn arrow in the chart points toward previous higher timeframe lows, suggesting that these areas could be the next logical targets for price action if the current trend persists. On the fundamental side, the US dollar has been weakened by dovish signals from the Federal Reserve and softer economic data, fueling expectations of potential rate cuts later this year 🏦. In contrast, the Canadian dollar has been buoyed by strong commodity prices—especially oil—and a relatively hawkish Bank of Canada. The bearish structure seen in the chart aligns with these macro drivers, as the CAD continues to benefit from both domestic strength and global demand for commodities. Geopolitically, ongoing global trade tensions and shifting risk sentiment have further supported the Canadian dollar, as investors seek stability in commodity-backed currencies 🌍. The combination of these factors, as reflected in the chart, suggests that USDCAD remains vulnerable, and a move down to retest previous higher timeframe lows is a real possibility unless there’s a significant shift in the underlying fundamentals. Traders should keep an eye on the key support zones highlighted in the chart, as these could provide clues for potential exhaustion or reversal in the current trend 🔎. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Please conduct your own research or consult a professional before making any trading decisions.
Short
by fxtraderanthony