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Canadian Dollar / U.S. Dollar

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USDCAD → Weak dollar provokes continuation of downtrendFX:USDCAD under the pressure of a weak dollar and downtrend may renew its lows. The fundamental background for the dollar is weak, the market reacts accordingly. The dollar continues to fall - a reaction to the tariff war. Besides, additional pressure is created by the issue of interest rates reduction. The currency pair is under the pressure of the downtrend. After a false resistance breakout, the price is consolidating in the selling zone. The trend change is confirmed by the cascade of resistances. Emphasis on the local range 1.4245 - 1.42018. The price exit from the consolidation will provoke the continuation of the fall Resistance levels: 1.4245, trend boundary Support levels: 1.4202, 1.415 Possible retest of resistance before further decline. But the price exit from the current range and consolidation of the price below 1.4202 - 1.4205 will provoke the growth of sales and further fall to 1.405 (zone of interest). Regards R. Linda!
Short
by RLinda
6
Crowd's Bullish Narrative Meets Structural Reality📅 Week of: April 7–11, 2025 🚩 USD/CAD Bias: Bearish Trade Duration: 2–5 Days Status: Breakdown Confirmed – Retest Completed Current Reflexivity Phase: Phase 4 – Emotional Flush & Capitulation Strategy Type: Structural Breakdown + Sentiment Dislocation Execution Style: Reactive, not predictive Theme: "Crowd's Bullish Narrative Meets Structural Reality" 🧠 Strategic Thesis USD/CAD has clearly broken and successfully retested previous support (1.4248) as resistance. The market now enters an emotional flush phase as late bullish positions unwind, reinforcing bearish momentum driven by strengthening CAD due to bullish crude oil dynamics. 🔍 Structure Breakdown Highlights Clean structural rejection at the retest (1.4248 resistance zone) Strong bearish momentum confirmed; consistent lower highs Sellers firmly control price action, no fresh demand emerging 📊 COT & Sentiment Snapshot Leveraged Funds: Unwinding longs slowly Institutional Traders: Accumulating CAD positions steadily Retail Sentiment: Persistently bullish on USD despite structural evidence 📌 Translation: Institutional flows quietly pivoting to CAD; retail optimism still providing contrarian fuel. 🧠 Behavioral Finance Triggers “Crowds trust the story. Price tells the truth.” Emotional denial among bullish USD traders, fueling further downside upon forced exits Rejection confirmed; sentiment lagging clear structural signals 🔄 Reflexivity Model – Phase Breakdown Phase Description Phase 1: USD bullish narrative builds retail optimism Phase 2: Structural breakdown—completed Phase 3: Retest & crowd denial—completed Phase 4: ✅ Current – Emotional flush underway 🛠️ Execution Plan Entry: Short already executed at 1.42354 Risk Management: Stop-loss above confirmed retest (1.42567) Exit Plan: Scale out strategically on downside momentum 🕰️ Execution Timeline Wednesday–Friday: Maintain short bias, trail stops, secure partial gains into weekend ✅ Strategic Summary USD bullish crowd now forced to reckon with structural realities—stay positioned for emotional flush continuation. "You don’t need to predict. Just follow the failure."
Short
by pharyeh
Bullish bounce?USD/CAD is falling towards the support level which is a pullback support that is slightly below the 161.8% Fibonacci extension and could bounce from this level to our take profit. Entry: 1.4047 Why we like it: There is a pullback support level that is slightly below the 161.8% Fibonacci extension. Stop loss: 1.3993 Why we like it: There is a pullback support level that lines up with the 78.6% Fibonacci projection. Take profit: 1.4159 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group. Take profit: 1.4159 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us!
Long
by VantageMarkets
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
Long
by ForexMasters2000
1
USDCAD downtrend continuation below 1.4300The USDCAD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 1.4300, which represents the current intraday swing high and the falling resistance trendline level. In the short term, an oversold rally from current levels, followed by a bearish rejection at the 1.4300 resistance, could lead to a downside move targeting support at 1.4020, with further potential declines to 1.3900 and 1.3830 over a longer timeframe. On the other hand, a confirmed breakout above the 1.4300 resistance level and a daily close above that mark would invalidate the bearish outlook. This scenario could pave the way for a continuation of the rally, aiming to retest the 1.4370 resistance, with a potential extension to 1.4420 levels. Conclusion: Currently, the USDCAD sentiment remains bearish, with the 1.4300 level acting as a pivotal resistance. Traders should watch for either a bearish rejection at this level or a breakout and daily close above it to determine the next directional move. Caution is advised until the price action confirms a clear break or rejection. 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
USDCAD On The Rise! BUY! My dear friends, Please, find my technical outlook for USDCAD below: The instrument tests an important psychological level 1.4161 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.4266 Recommended Stop Loss - 1.4101 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
USDCAD IS DRROPPING. DETAILED TECHNICAL AND FUNDAMENTALSUSDCAD is currently trading around 1.4200 after a clean retest of a previously broken support zone, which has now turned into a strong resistance level. Price action is confirming the bearish structure as we see a gradual yet consistent drop from the highs of 1.4540. With the rejection seen from the supply zone and recent lower high formation, momentum is shifting further in favor of the sellers. I am now targeting 1.3800 for the next key level, aligning with both technical confluence and fundamental sentiment. Technically, the structure is clear: we had a failed breakout above 1.4450, followed by a decisive bearish engulfing move. The market then completed a textbook retest at the 1.4340–1.4450 supply zone before resuming the downside move. The current formation on the 12H chart shows a lower low and lower high sequence intact, signaling a trend continuation to the downside. The highlighted zones also provide ideal reward-to-risk setups for continuation traders. From a fundamental perspective, the Canadian dollar is gaining strength due to rising oil prices, with WTI crude now climbing back above the $85 mark. This directly supports the loonie given Canada’s oil-export-driven economy. Meanwhile, US economic uncertainty around upcoming CPI data and shifting Fed rate cut expectations continue to weigh on the dollar’s upside momentum. Additionally, recent risk-on sentiment in global markets is pushing flows into commodity-linked currencies like CAD. With technicals and fundamentals aligning, I remain firmly bearish on USDCAD. As long as price remains below the 1.4340 resistance, I’m looking for continuation toward the major demand zone near 1.3830–1.3800. This setup offers a clean 1:3+ risk-to-reward profile, and I will be scaling in further on bearish confirmations as the market progresses.
Long
by AndrewsMarket-Mastery