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Canadian Dollar / U.S. Dollar

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USDCAD SHORT IDEAUnder current market conditions, the area near 1.3849 has been identified as a critical resistance zone, where the AI model detects a high-probability trade setup. From a technical perspective, a clear directional bias based on recent price action patterns. Suppose the market demonstrates increased volume and price stability above key moving averages in the 1.3849 area. In that case, traders are advised to monitor for trend-continuation entry opportunities in alignment with the prevailing momentum. Profit targets are defined at 1.3819 and 1.3785, corresponding to logical technical support zones. These levels are designed for staged profit-taking across different trade management styles. Stop-loss should be strictly enforced at the designated level; once breached, the strategy is considered invalidated in order to limit potential downside.
Short
by FOREX_CRYPTO_MASTER
USD/CAD 4H CHART PATTERNUSD/CAD Technical Analysis Chart Pattern: Trend Line Breakout Reversal Target: 1.44000 1. Overall Market Structure The chart depicts a clear downtrend, followed by sideways consolidation near a horizontal support line. A descending trend line captures the bearish structure, which has now been challenged by recent bullish momentum. 2. Support Zone & Rejection The price has respected the support zone multiple times, forming a strong base. Repeated bounces off this level suggest accumulation, where buyers are building positions. 3. Breakout Confirmation Price action is attempting to break above the descending trend line, signaling a potential reversal from bearish to bullish. The "Entry Long" point marks an ideal breakout zone, where traders could enter with confirmation (strong bullish candle close above the trend line). 4. Target Projection: 1.44000 The projected target is 1.44000, aligning with a major resistance level (previous structure highs). This makes the trade a trend reversal play, aiming to capture the first major upward swing post-breakout . 5. Risk Management A stop loss should be placed just below the support line or recent swing low to guard against a false breakout. The trade offers a favorable risk-to-reward ratio, especially if entered on a retest of the breakout zone.
Long
by Trend_logic
USDCAD Near Key Trendline as Carney Wins ElectionUSDCAD remained relatively calm as Canadian election results began to come in. Mark Carney is projected to win, and the initial reaction was bullish for the Canadian dollar. However, the gains were short-lived, as the victory margin appears narrow. Canada stands at a pivotal moment in its history. The newly announced tariffs will likely deal a heavy blow to the economy. Markets are cautious, recognizing that a slim majority could complicate budget negotiations and legislative decisions in Parliament. On the other hand, Carney’s background as a former central bank governor could provide economic credibility during a potential slowdown. Carney stated, "We are over the shock of American betrayal. But we should never forget the lessons." He is expected to pursue damage-control with the U.S. through negotiation, while simultaneously turning toward the EU to boost trade. Although this blow may prove beneficial for Canada in the long run, the coming years could present serious challenges. From a combined perspective including technical and fundamental side, the bullish trend channel in USDCAD may remain intact for now. The lower boundary of the four-year trend lies around 1.37. As long as this trendline holds, dips may present buying opportunities. For any meaningful upward movement, the 1.3670–1.37 zone must be clearly broken with multiple daily closes above. Until a breakout or breakdown occurs, range-bound and uncertain price action may persist between these levels.
Long
by ftdsystem
Loonie Drops on Election Shock – Is USD/CAD Set to Rally Further⭐️The USD/CAD pair recovered from intraday losses, trading around 1.3840 in Tuesday’s early European session, as the Canadian dollar (CAD) weakened following Canada’s election results. Prime Minister Mark Carney of the Liberal Party retained power but secured only 167 of 343 seats, falling short of the majority needed for effective trade negotiations with the US. Carney declared the end of the US-led global trade system, unsettling the CAD. The USD gained from optimism in US-China trade relations, with Trump open to lowering tariffs, Beijing exempting some US imports, and ongoing talks with President Xi Jinping showing progress. Trump also proposed reducing auto tariffs, boosting market sentiment. 🔼BUY 1.37100 - 1.36900 SL 1.36600 TP1 1.37400 TP2 1.37900 🔽SELL 1.38800 - 1.39000 SL 1.39300 TP1 1.38500 TP2 Open
Short
by MMFlowTrading
2
Carney wins, US jobs are in spotlight. Short-term USDCAD reviewThe former BoE chief Mark Carney became the new PM of Canada. US JOLTs, ADP and NFP numbers are carefully monitored by USD traders. What could happen with MARKETSCOM:USDCAD ? Let's find out. FX_IDC:USDCAD Let us know what you think in the comments below. Thank you. 77.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
by Marketscom
USD/CAD(20250429)Today's AnalysisMarket news: The U.S. Treasury Department raised its second quarter debt forecast to $514 billion. U.S. Treasury Secretary: The "X Day" for the debt ceiling issue will be announced soon. Technical analysis: Today's buying and selling boundaries: 1.3845 Support and resistance levels: 1.3921 1.3892 1.3874 1.3816 1.3798 1.3769 Trading strategy: If the price breaks through 1.3845, consider buying, the first target price is 1.3874 If the price breaks through 1.3816, consider selling, the first target price is 1.3798
Short
by Toml1314
Canadian Dollar Rises Amid Tariff Concerns and Oil GainsHello, FX:USDCAD : The Canadian dollar slightly rose against the U.S. dollar, with bond yields reaching multi-month highs, partly recovering from recent declines due to U.S. trade tariff threats. The loonie traded at 1.4405 to the U.S. dollar, recovering from a near 5-year low in December. Concerns about potential U.S. tariffs and their impact on the Bank of Canada have influenced the market. Despite strong job data in December, investor confidence in further BoC rate cuts has waned. Speculators have increased bearish bets on the Canadian dollar. Meanwhile, the U.S. dollar gained against major currencies as expectations for Federal Reserve rate cuts diminished. Oil prices rose 2.9% to $78.82 per barrel due to anticipated U.S. sanctions on Russian oil. The Canadian 10-year yield increased to 3.507%, marking its highest level since July 9. For this pair a bearish reversal is still anticipated in the near future! No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
Short
by TradeWithTheTrend3344
Canadian dollar in holding pattern on Election DayThe Canadian dollar is showing limited movement on Monday. In the European session, USD/CAD is trading at 1.3868, up 0.10% on the day. There are no economic releases out of the US or Canada today. It's Election Day in Canada. Prime Minister Mark Carney, who has only been in office since March, is favored to win the election. Carney's Liberal Party was badly trailing the Conservatives but US President Trump has ignited Canadian nationalism and turned the election race upside down. Trump has talked about annexing Canada and although most Canadians don't expect that to happen, there is strong resentment against the US tariff policy, which has hit Canada even though the two countries have a free trade agreement. Carney is viewed as a strong leader who can stand up to Trump and the markets have priced in a Liberal majority. If the Liberals are forced to make a coalition with the smaller parties, the new government would be considered less stable and that would likely trigger some CAD weakness. If the Conservatives manage to pull out a surprise election victory, the Canadian dollar would likely get a boost. Canada's retail sales declined 0.4% m/m in February but bounced back in March with a strong gain of 0.7%. On an annualized basis, retail sales slipped to 4.7% in February, down from a revised 5.3% in January. The improvement in March was driven by consumers making purchases ahead of US tariffs, but consumer spending is likely to deteriorate. The Bank of Canada will be keeping a close eye and will have to consider further rate cuts if upcoming economic data is weak. The BoC maintained the cash rate at 2.75% earlier this month and meets next on June 4. USD/CAD is testing resistance at 1.3868. Above, there is resistance at 1.3880 and 1.3910 1.3850 and 1.3838 are the next support levels
by OANDA
#USDCAD 1HUSDCAD (4H Timeframe) Analysis Market Structure: The price has broken above a key resistance level and is currently showing signs of a retest. A successful retest of the broken resistance as support indicates that buyers are maintaining control, suggesting potential for further upward movement. Forecast: A buy opportunity can be considered if the price confirms the retest and starts to show bullish momentum, supporting the continuation of the breakout move. Key Levels to Watch: - Entry Zone: Look for buying signals around the retest area of the previous resistance turned support. - Risk Management: - Stop Loss: Placed below the retest support zone to manage downside risk. - Take Profit: Aim for higher resistance zones or key Fibonacci extension levels as potential targets. Market Sentiment: The breakout followed by a retest suggests a shift toward bullish sentiment. However, proper confirmation through bullish candlestick patterns or momentum indicators is advised before entering the trade.
Long
by PIPSFIGHTER