CADUSD trade ideas
"USD/CAD Short Setup – Supply Zone Rejection & Bearish Target 🔵 Supply Zone
📍 Marked between 1.39039 and 1.39624
🔥 Strong selling pressure area
🧱 Price previously dropped from here — possible resistance again.
🎯 Trade Setup
🟢 Entry Point
⚡ 1.39039 (just below supply zone)
Waiting for price to tap the zone and show bearish confirmation
❌ Stop Loss
🚫 1.39624 (above supply zone)
Break above invalidates the setup
🏁 Target Point
🎯 1.36510
Based on previous support area
Potential profit of ~245 pips
📊 Risk-to-Reward Ratio
📉 Risk: ~58 pips
💰 Reward: ~245 pips
🧮 R:R = 1:4.3 — excellent!
📈 Trend Confirmation
📉 Price below EMA (7) — short-term bearish
🧠 Momentum supports sell setup
🗓️ Economic Events Incoming
📢 News icons suggest upcoming events that may cause volatility
⚠️ Be cautious with timing — news may shake the market!
USDCAD Analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
After a huge move, USD/CAD may be due to reboundUSD/CAD has strengthened significantly over the past few days as markets have been shaken by President Trump’s new trade war with Canada and the rest of the world. That said, USD/CAD may be due for a pause in its recent rally and could consolidate somewhat, having reached some key technical indicators and support levels.
The loonie’s relative strength index fell to 29, while USD/CAD dropped below the lower Bollinger Band at CA$1.387. This magnitude of movement suggests that USD/CAD is currently oversold and may be due for either a short-term rebound or a period of sideways consolidation. The pair could also bounce back towards resistance at CA$1.416 or the 20-day moving average at CA$1.421.
However, if USD/CAD breaks support at CA$1.3870, it could signal that further strengthening lies ahead, with the potential to drop towards CA$1.359, which served as an important area of support and resistance between December 2023 and October 2024.
USD/CAD could continue strengthening against the dollar; the greenback has weakened versus multiple currencies, and any pause in the dollar’s current downtrend may be short-lived, due to possible massive deleveraging out of the US and capital flow back to their nations of origin. Still, after such a significant move, USD/CAD seems potentially due for at least a short-term period of consolidation before the uptrend resumes.
Written by Michael J Kramer, founder of Mott Capital Management
Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should considered to be) financial, investment or other advice on which reliance should be placed.
No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.
USDCAD 1 day time frame 📉 Overall Structure: Descending Channel
The price is moving within a clearly defined descending channel, indicating a downtrend.
Price is respecting both upper and lower boundaries of the channel, confirming strong bearish momentum.
📍 Key Levels:
🔻 Support Area (~1.3740–1.3800)
Price is currently hovering near the bottom boundary of the channel and just above a marked support zone.
Historically, this zone has triggered bullish reactions, making it a key level to watch for a potential bounce or reversal.
🔺 Resistance Area (~1.4150–1.4200)
Marked in purple, this zone aligns with previous swing highs and structure, making it a significant resistance level.
If price bounces from the current support, this is the first target area to watch.
📊 Volume
Notice the increased red volume bars as the price moved lower – this confirms strong selling pressure.
However, the recent candle shows a smaller body with lower volume, hinting at a potential exhaustion of sellers.
📉 RSI (Relative Strength Index) – Oversold
RSI is at 29.47, which is below the 30 level – indicating the pair is oversold.
When RSI dips this low, it often precedes a bounce or temporary bullish correction, especially if price is at a key support (which it is).
✅ Trade Idea / Potential Setup
Bullish Reversal Setup Possible:
The confluence of:
Oversold RSI,
Major support,
Bottom of the descending channel,
makes this a potential area for a long (buy) position.
Target: Resistance area around 1.4150–1.4200 (2.5% gain).
Stop-loss: Below the channel/support zone to limit risk.
🧠 Summary:
USDCAD is in a downtrend but currently testing a major support area at the channel bottom.
RSI is oversold, suggesting limited downside.
Look for bullish confirmation (e.g., bullish engulfing candle or a break of short-term structure) before entering long.
USDCADPotential Buys,
Broke from a short term downtrend within a long term overall trend. Using previous down trend resistance as a new support backing up as a confluence for this trade
USDCAD LONGOpening a long position on USD/CAD based on a bullish outlook for the U.S. dollar and potential Canadian dollar weakness. The pair has found strong support near and is showing bullish momentum with a break above , supported by rising moving averages and positive RSI/MACD crossover.
Entry:
Stop Loss:
Take Profit:
Risk/Reward Ratio:
Timeframe:
Rationale: Strength in USD due to hawkish Fed stance, weaker oil prices pressuring CAD, and possible divergence in economic performance between U.S. and Canada.
USDCAD💡Chart analysis of the USD/CAD currency pair (daily time frame). The price broke the support structure and shifted to a downtrend. Wait for a retest of the red zone and enter a short position from it if bearish price action (such as a reversal candle) appears. MACD indicator: There are no signs of weakening negative momentum so far, which reinforces the downside scenario.
⛔️Not investment advice for educational purposes only.
USDCAD | 14.04.2025BUY 1.38600 | STOP 1.37700 | TAKE 1.39800 | Technical view: divergence. A probable upward correction from the strong medium-term support level will bring the price back to the 1.40000 area.
USDCAD Price on USDCAD is at a important decision point. All timeframes are bearish but we are sitting at weekly resistance that has held since 2022. Just by looking at the trend I would want price to go below that zone and shift structure so we can look for a entry to sell. But in my opinion I think this week it will do some retracing back to one of those higher zones. As the week goes on we will see how price plays out.
USDCADHello Traders!
What are your thoughts on USD/CAD?
After its recent decline, USD/CAD has reached the bottom of the descending channel and a key support zone.
This area may act as a strong support, and we expect a bullish reaction from here.
We anticipate a bounce from this support zone, with the price potentially rising at least toward the specified target level.
Will USD/CAD hold the support and rebound, or break lower? Share your thoughts below!
Don’t forget to like and share your thoughts in the comments! ❤️
USDCAD Breakout Setup Brewing — Watch These Key Zones Closely!USDCAD is sitting on a major demand zone around 1.38579 — clearly marked by the orange box. We’ve seen strong rejections here in the past, and price is now consolidating at the very edge of this zone.
Above us, there’s a key resistance level at 1.40664, aligning with the supply zone (blue box). This creates a beautiful range-trading opportunity or even a potential breakout play.
---
What to Watch:
1. Bullish Scenario (Green Arrows):
If price holds this demand zone, we may see a bounce to 1.40664 or even a clean breakout toward 1.42000.
Watch for a strong bullish engulfing candle or liquidity sweep at the bottom of the zone.
Confirmation could be an impulsive move up with volume.
2. Bearish Break (Low Probability for Now):
If price breaks and closes below 1.38500, expect a deeper drop — but volume and structure will confirm this.
Look for a retest of the zone from below before shorting.
---
Why This Setup Matters:
Order blocks and supply/demand zones show where smart money trades.
Combining price action + structure + zones gives you a high-probability edge.
No need for indicators — just read the chart and wait for confirmation.
---
My Plan:
I’m watching this zone closely for a bullish reaction. If I get a clean entry signal, I’ll target 1.40664 and trail my stop.
Risk management is key — no FOMO.
---
What Do You Think?
Will USDCAD bounce or break?
Drop your thoughts in the comments and let’s learn together!
---
Follow for More:
If you like clean price action setups like this, follow me for more daily updates and trading ideas.
Bearish Outlook for USD/CAD Ahead of BoC Decision
- **Key Insights:** USD/CAD is currently exhibiting strong bearish sentiment,
driven by economic uncertainty and risk-off momentum affecting commodity-
linked currencies like CAD. Anticipation of a 25 basis point rate cut by the
Bank of Canada on Wednesday adds pressure on the CAD, compounded by higher
inflation expectations and slowing global growth. Short-term price movements
will likely depend on upcoming economic data and central bank decisions.
Traders should remain cautious of heightened volatility heading into
critical events this week.
- **Price Targets:**
Short Position:
- Target 1 (T1): 1.3720
- Target 2 (T2): 1.3600
- Stop Level 1 (S1): 1.3920
- Stop Level 2 (S2): 1.3950
- **Recent Performance:** USD/CAD has been moving within a bearish trajectory,
influenced by weak global commodity demand and risk-off sentiment. The pair
recently tested support at 1.3830 but rejected an advance toward 1.40
resistance as market conditions and investor sentiment remained unfavorable
for CAD. These developments hint at an increased likelihood of further
declines in the near term.
- **Expert Analysis:** Market cycles and psychological patterns suggest
persistent bearish trends in commodity-linked currencies, with CAD
potentially facing a secular bear market into 2026. The Bank of Canada is
likely to signal dovish intentions this week amid consumer caution and
rising layoffs, reinforcing bearish conditions for USD/CAD. Despite long-
term optimism tied to AI-driven innovation, structural risks continue to
weigh heavily on CAD’s performance.
- **News Impact:** The Bank of Canada’s rate decision on Wednesday is expected
to be a pivotal event, likely triggering downside momentum for the Canadian
Dollar should a rate cut materialize. Canadian CPI data earlier in the week
will help traders gauge inflation trends and economic strength.
Additionally, global factors, including economic concerns in China and
tariff-related risks, add to short-term pressure. CAD may also experience
mild volatility surrounding Canadian election developments, particularly if
the winning government emphasizes stronger commodity exports.
USD/CAD "The Loonie" Forex Bank Heist Plan (Swing/Day)🌟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 Pink MA Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉
Entry 📈 : "The vault is wide open! Swipe the Bearish loot at any price - the heist is on!
however I advise to Place sell limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level for Pullback entries.
Stop Loss 🛑:
📌Thief SL placed at the nearest/swing High or Low level Using the 4H timeframe (1.40500) Day/Swing trade basis.
📌SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 1.36000 (or) Escape Before the Target
USD/CAD "The Loonie" Forex Market Heist Plan (Day / Swing Trade) is currently experiencing a Bearish trend.., driven by several key factors.👇👇👇
📰🗞️Get & Read the Fundamental, Macro, COT Report, Geopolitical and News Analysis, Sentimental Outlook, Intermarket Analysis, Index-Specific Analysis, Positioning and future trend targets... go ahead to check 👉👉👉🔗🔗
⚠️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 🤑🐱👤🤗🤩
Could the Loonie bounce from here?The price is currently at the pivot which is an overlap support and could bounce to the 1st resistance.
Pivot: 1.3876
1st Support: 1.3602
1st Resistance: 1.4147
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Daily UCAD Updates April 13 2025Hello Traders!
Hopefully this video can get uploaded to youtube. More importantly keep it simple and stick to the plan.
USDCAD TRADE SETUPWait for retest the entry level then take a trade for Sell otherwise skip this setup
USDCAD Trendline Breakout Ready for a Long SellHello Traders
In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET
today EURUSD analysis 👆
🟢This Chart includes_ (EURUSD market update)
🟢What is The Next Opportunity on EURUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
USDCAD DUE FOR RELIEF THIS WEEKUSDCAD is approaching major weekly support after the multiple weeks of a sell of off; in line with a .618 fibronacci retracement. Although as price rest on this level of demand, it will need a few days to mature.
-On the daily time frame we see an overextension to the downside as the RSI nears 30 with levels in line with weekly as well.
-Personally I'll be waiting for price to mature on the 4hr timeframe to take entry on some buys.
-
USDCAD is Likely to Test the Channel Support of 1.37 ?Last Friday, USDCAD broke through the support of the downward trend channel, which has now turned into resistance. It is currently situated in a strong support zone and may experience a pullback, encountering resistance. It is likely to return to the robust channel support at 1.37. Let's observe what happens.
Super BUY OpportiunityAfter some pip retracement the market is read to go super long... Just wait and make a big profit to yourself.....
