USDCAD: Price Action & Swing Analysis
The analysis of the USDCAD chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers.
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CADUSD trade ideas
USDCAD Wave Analysis – 31 March 2025
- USDCAD reversed from the support zone
- Likely to rise to resistance level 1.4500
USDCAD currency pair recently reversed from the support zone located between the support level 1.4255 (which has been reversing the pair from the start of March), lower daily Bollinger Band and the support trendline from November.
The upward reversal from this support zone started the active intermediate impulse wave (3).
Given the strong daily uptrend and the bullish US dollar sentiment, USDCAD currency pair can be expected to rise to the next resistance level 1.4500 (which has been reversing the price from January).
USDCAD Will Go Higher! Long!
Take a look at our analysis for USDCAD.
Time Frame: 7h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.434.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.444 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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USDCAD-bias long Bullish indications:
daily : trend line resistance broken .
made a new high.
formed IHS in 4 hr
PHigh is broken at the exact right point where the trend line resistance . it makes a support zone now .IHS formed again in 1 hr is a confirmed confluence
take long .
30 min: One more IHS formation which indicates strong bull trend here.
Bearish indications:
5 min bearish divergence.
Trade plan bias long @ 1.4331
SL:1.4296
TP1:1.4366
TP2:1.4401
Long trade
Pair USDCAD
Buyside trade
Mon 31st March 25
5.00 pm (NY Time)
NY Session PM
Structure - (Day)
Entry 4Ht TF
Entry 1.43382
Profit level 1.47241 (2.69%)
Stop level 1.42525 (0.60%)
RR 4.5
Buyside trade idea:
Reason: Break of channel to the upside
Indicators: WMA (100) EMA (50) observed as additional bias
USDCAD'S fall will be like DXY's. Dont stop selling!!!I've been posting my sell setup on this chart for a long time. It has been selling but truth be told, it is slow. It isn't giving me the kind of sell I want. I wont take it as an accumulation to go higher tho. I will keep my sell bias.
I want you guys to start doing something during the weekend, instead of wasting it analyzing the market and preparing for the new week, use it to backtest the previous week, highlight the move you missed, the mistakes you made, why and how not to repeat them again. This will make you a better trader.
My stop will be small and I will be entering half postion because I dont understand the movement of CADCHF. I will wait for further confirmation before entering when the market opens. I wont be entering if it opens with a gap up
My targets are the purple line with
TP1 at 1.4235
If you've contrary opinion, tell me in the comment let me know what I may be getting wrong. But I think we are going for a long ride down
Follow me as my trades are market order and not limit orders. You will get notification once I post if you follow so you will enter the trade on time.
Ya gaziere unu
Bearish reversal?USD/CAD is rising towards the resistance level which is a pullback resistance that is slightly below the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.4386
Why we like it:
There is a pullback resistance that is slightly below the 61.8% Fibonacci retracement.
Stop loss: 1.4486
Why we like it:
There is a pullback resistance level that is slightly below the 161.8% Fibonacci extension.
Take profit: 1.4247
Why we like it:
There is a pullback support level.
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USDCAD: Bullish Outlook For Next Week Explained 🇺🇸🇨🇦
There is a high chance that USDCAD will keep rising next week.
A test of the underlined blue support triggered a strong bullish reaction
and a breakout of a resistance line of a falling wedge pattern.
I think that the pair may rise and reach at least 1.4357 level.
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USD/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
The BB upper band is nearby so USD/CAD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.427.
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USD/CAD 30H ANALYSIS SELL SETUPSuggested Entry: 1.4315 (current price region aligns with minor resistance)
Target (TP) Levels
1. 1.4260 — First TP (initial support zone)
2. 1.4210 — Final TP (stronger support level)
Stop Loss (SL)1.43500
Suggested SL: 1.4355 (above recent highs and resistance zone)
Key Support & Resistance Levels
Resistance: 1.4355 / 1.4315
Support: 1.4260 / 1.4210
This structure aligns with your bearish bias (noted by the red arrow targeting lower zones). Ensure you monitor price action for confirmation before entering. Would you like a refined risk-reward ratio calculation?
USD/CAD Bearish Trade Setup – Resistance Rejection & Target ProjUSD/CAD Bearish Trade Setup – Key Resistance & Target Projection
Analysis:
Timeframe: 30-minute chart
Current Price: 1.43248
Indicators:
EMA (200, Blue): 1.43024 (Key Dynamic Support)
EMA (30, Red): 1.43142 (Short-term trend)
Resistance Zone (Supply Area): 1.43300 - 1.43450
Support Level (Rejection Zone): 1.43085 - 1.43024
Trade Setup:
Entry Zone: Around the rejection level near 1.43142
Stop Loss: 1.43435 (Above the resistance zone)
Take Profit Target: 1.42355 (EA Target Point)
Projection:
Price is expected to reject the resistance zone, drop below the 200 EMA, and test the lower target at 1.42355.
If price confirms rejection at resistance, a short (sell) opportunity is valid.
A break above the stop-loss level could invalidate the bearish bias.
Conclusion:
Bearish momentum is anticipated if price respects the resistance zone.
Confirmation from price action (candlestick patterns) will strengthen the trade setup.
Descending Triangle on USDCADNoticing a descending triangle chart pattern on the 4H timeframe for USDCAD. The descending triangle is a neutral pattern suggesting two scenarios but usually plays out on bearish scenarios.
Price had been giving us LHs and equal lows. Combined with the corelation with DXY we may see bearish movement. However, confirmation is key. A break below the support will confirm the bears are in control. Alternatively, a break above the trendline AND the resistance I marked out suggests the bulls are in control.