CADUSD trade ideas
LONG TRADE SPECULATION ON USDCAD Good day all,
I'm bullish on the $base. Currently the process on the daily TF is far ahead the 200EMA, in an UP trend with flag pattern. As at time of this post this price is still consolidating at the support level of the flag. Let me know your opinion on this !!!
USD/CAD longUSDCAD reached a daily support and respected it with an impulsive upwards move, created a bullish order block, its retraced down into that bullish order block and shown sensitivity, this accompanying the core CPI news release today at 1:30 which usually has a positive impact on USD, can support the push and aim to liquidated those lower highs previously and make a move to the upside 📊
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.
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possibility of downtrendIf the price can pass the current support range, the downward trend will likely continue.
USD/CAD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USD/CAD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.430 area.
✅LIKE AND COMMENT MY IDEAS✅
Potential Bearish Shift For USDCAD
Keep a close eye on USD/CAD for a potential bearish shift with vast downside potential following a massive reversal bar on the daily chart and a lack of continuing upward momentum. any input is appreciated. OANDA:USDCAD
USDCAD Short on a Regression BreakAfter a tough start to the week, Trump and Trudeau make a deal and USDCAD weakness has come off for now.
I am activating an EA to go short on this pair as positions appear.
USDCAD SHORTMarket structure bearish on HTFs DW
Entry at Daily AOi
Weekly Rejection at AOi
Previous Weekly Structure Point
Daily Rejection at AOi
Previous Daily Structure Point
Around Psychological Level 1.44000
H4 EMA retest
H4 Candlestick rejection
Levels 10.28
Entry 95%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
SELL TRADE SPECULATION on USDCADWaiting on this market for over two days, safe to say , fresh sellers may be fully setting in by tomorrow! what's your opinion on this ?
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.
BUY USDCADBUY USDCAD Now. This is not just the regular analysis but a signal. Looking to buy here from the support towards 1,43800. There are two targets for this trade, The first target is approximately halfway at 1,43444. Let's see how it goes
USDCAD • Context:
• BoC: Relatively high rates; Canada is heavily reliant on oil markets, which can impact CAD.
• Oil: If prices rise, CAD tends to be supported; if they fall, USD/CAD goes up.
• Possible Direction:
• Bias: Slightly bullish for USD/CAD, especially if US data remain solid.
• Catalysts: Oil price developments and Canadian economic data.
USDCAD short/sellUSDCAD looks like a nice technical short. The CAD appears to be gaining strength and USDCAD is struggling to break higher.
USD/CAD H4 | Falling to multi-swing-low supportUSD/CAD is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 1.4283 which is a multi-swing-low support.
Stop loss is at 1.4245 which is a level that lies underneath a swing-low support.
Take profit is at 1.4403 which is an overlap resistance that aligns with the 23.6% Fibonacci retracement level.
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LONG TRADE SPECULATION ON USDCADPreviously, my analysis was short-biased , till after the market opened with the (value) gap, above the resistance level to for a new support, waiting to confirm a buy opportunity.
USDCAD: Bearish Movement Will Continue 🇺🇸🇨🇦
I think that USDCAD will continue falling soon in an attempt
to close the gap up opening.
Goal - 1.43
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AUDUSD 1H Chart BUY SIGNALHey everyone! Welcome back to another market update. Today, we’re looking at the USD/CAD pair on the 1-hour timeframe, using Heikin Ashi candles. Let’s break down a potential trade setup with a solid entry, stop loss, and take profit.
Right now, price is sitting around 1.43380, which is a key support zone. We’ve seen some consolidation here, and if buyers step in, we could see a strong push to the upside. So, I’m looking to enter a long position around 1.43380.
Now, risk management is key. My stop loss is placed at 1.41749, just below the recent support. This ensures that if the trade goes against us, we’re protected.
On the upside, my target is set at 1.48052, aiming for a solid risk-to-reward ratio. If price breaks above 1.45626, it could gain momentum, pushing us toward our profit target.
I’ll also be watching volume—if we see increasing bullish volume, that’s further confirmation that buyers are in control. If the trade moves in our favor, I might trail my stop loss to lock in profits.
That’s the plan! Let me know your thoughts in the comments, and don’t forget to like and subscribe for more trade setups. Happy trading!"
USD/CAD BUYING OPPORTUNITY.i'm waiting for a buying opportunity here on the USD/CAD because i believe its continuing the bullish movement and it has also broke out from a descending triangle on a 4H and retested it and it currently has good bullish momentum.
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
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📰🗞️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.
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USDCAD on 1h time frame . Testing historical Resistance levelsUSDCAD 1H Analysis – February 10, 2025
📈 Potential Bullish Reversal
The chart shows a double bottom formation near 1.4280, which is a strong bullish reversal pattern.
Price has bounced from this level, suggesting a possible upward move.
📊 Key Resistance Zones to Watch:
1.4550 - 1.4570 → First key resistance (previous support turned resistance).
1.4780 - 1.4800 → Major resistance area where price previously rejected strongly.
🔍 Trading Outlook:
A break above 1.4350 could confirm the bullish momentum.
If price clears 1.4550, the next target would be 1.4800.
A rejection from resistance zones could lead to another decline.
📌 Conclusion: USDCAD is forming a potential bullish structure, but confirmation of a breakout above 1.4550 is needed before expecting further upside. 🚀
USD/CADSell after bearish candle stick pattern, buy after bullish candle stick pattern....
Best bullish pattern , engulfing candle or green hammer
Best bearish pattern , engulfing candle or red shooting star
NOTE: IF YOU CAN'T SEE ANY OF TOP PATTERN IN ZONE DO NOT ENTER
Stop lost before pattern
R/R 1/3
Trade in 5 Min Timeframe, use signal for scalping
