#new week market insight tomorrow Cpi on USD would give us a big opportunity in the market so we want to wait for the big move
meanwhile we can catch a short on usdcad
CADUSD trade ideas
Does the Canadian dollar have a bullish surprise up its sleeve?This is the question I am asking myself as we head into 2025. CAD has been the weakest major for some time now based on the BOC's easing cycle, and we saw a record level of net-short exposure against it in August, and another surge of shorts in November. This strikes me as a stale trade that is vulnerable to a shakeout, and it might not require a particularly large catalyst for CAD bears to capitulate and send USD/CAD lower.
MS
USDCAD - 4hrs ( Buy Trade After Retest Tp Range 180 PIP )Pair Name :USD/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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Key Technical / Direction ( Long After Retest )
———————————
Bullish Retest
1.41100 Area
reasons
- Major Turn level
- Visible Range Hvn
- Pattern Retest
- CHoch zone
- Fibo Golden
Bearish Reversal
1.43000 Area
Reasons
- Major Turn level
- Visible Range Hvn
- pattern Target
- Visible range Hvn
- Fibo Golden Zone
Triple zig ag for wave B after the impulse down overnight? Looks like a B wave triple zigzag near completion. A push down into a c wave would setup the buy into a nice order block around 14040-14060
Pullback hunt on USDCADAs it looks now, USDCAD should have a decent pullback towards 1,40400. My plan is to wait for 15M structure break, then monitor the retest on the lower TF(15M, 5M, 1M) and if this retest will hold(CHOC, BOS on lower TF) I will enter to the trade. Do not set SELL STOP orders at the entry line and don´t sell higher(because of better price). Wait till entry conditions are met. I will update this trade, so you will get the message. TP your trade partially. When price moves in your favour, set SL to BE, but give it some space to "breath". Wish you good luck.
P.S. I´m not a signal service, do not sell anything. If you want to buy something, please contact one of the signalist who will comment this idea. If you want to learn and discuss, you know what to do. Invest your time to learning instead of buying signal on a some kind of premium channel.
USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.40200 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.40200 support and resistance area.
Trade safe, Joe.
Read The USDCAD MarketLet's Looking at USDCAD Price Actions and Predict the Next Moves and Maybe Finding Some Trade Opportunities, Good Luck With Your Trades <3
#USDCAD USD/CAD Possible move in Intraday. Targets and stop loss on chart. Follow money management and use trail stop loss.
OANDA:USDCAD
USDCADWe looking for selling opportunities as the market is respecting the supply zone resulting in sells to the downside|1H TIMEFRAME
USDCAD sellUSDCAD formed an wedge which is a reversal pattern indicating a trend change. The market is forming a H&S which is a confirmation for a potential bearish move. SL above the head.
USDCAD Analysis - Bullish - Trade 041. Seasonality
The CAD is bullish during the first week of December, while the USD exhibits bearish momentum. This combination suggests a bearish outlook for USDCAD based on seasonality.
2. COT Report
The COT report for the CAD suggests a sell. On the other hand, the COT report for the USD suggests a buy, indicating increasing strength for the USD. This could provide upward pressure on USDCAD.
3. Fundamental Analysis
LEI
The USDCAD LEI is increasing, which signals potential strength for the USD and could favor upward movement in USDCAD.
Endogenous Factors
The endogenous factors for the USD are increasing, suggesting bullish momentum for the USD, while the CAD's endogenous factors show weakness, further supporting a potential rise in USDCAD.
Exogenous Factors
Exogenous indicators for USDCAD show a decreasing trend, suggesting some resistance to further bullish momentum, which could limit the upside potential of USDCAD.
4. Technical Analysis
USDCAD is forming an ABCD pattern, with the C point retracement at the 0.79 Fibonacci level.
Bias
The combined analysis suggests a bullish bias for USDCAD
Trade Plan
Entry: 1.40481
SL: 1.39756
TP: 1.41206
USDCAD - Bear Bat Pattern - Aggressive & Conservative ApproachesToday we look at both aggressive & conservative ways to trade a completed bearish bat pattern on the USDCAD using both simple & classic chart patterns such as rising channels & double tops to give us confirmation.
In this video, we also discuss other elements of technical analysis including the Lower Low, Lower Close candlestick combination, the RSI and more.
Akil
USDCAD Bulls Eye 1.4140 Amid Momentum ShiftHello Traders,
Take a moment to read my outlook on USDCAD, and share your thoughts
Overview
USDCAD is currently trading at 1.40623, showing bullish trends on both the H4 and H1 timeframes. However, the bullish momentum on the H4 appears to be weakening, suggesting the uptrend may be nearing a potential reversal zone. Market sentiment remains bullish, supported by increased volatility, but momentum on the H1 timeframe has noticeably decreased, signaling reduced upward strength.
Idea
The pair is expected to continue its rise toward the 1.4140 price region, a key resistance level with the potential to halt further upward movement and trigger a bearish reversal. Price action is currently rejecting off the H1 order block, which could act as a short-term support level.
I will monitor the 1.39797 level closely, as a break below this support would invalidate the bullish outlook, signaling a potential shift in market structure. Conversely, a sustained move above the 1.4140 resistance would indicate renewed bullish momentum and the possibility of further gains.
Conclusion
This outlook suggests further upside potential toward 1.4140 which is about 80pips move. However, a clear break below 1.39797 would invalidate this idea, and could provide opportunities for short positions.
Cheers and happy trading!
USD/CAD AnalysisFX:USDCAD
A comprehensive analysis of the USD/CAD pair, which also brought a potential trade. Of course, everything will continue to depend on the fundamentals, as the market is currently moving in the range of the last H and L for some time.
We could see great momentum, and breaking through the resistance, which the market could come to test, as fibbo levels are also found at this level.
Overall, I will be interested in the pair if it starts moving around the 1.41000 price.
USDCAD - Correction or Bull Breakout?20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Dear Friends:
If you find my analysis helpful, please boost and follow me for future analysis at your service.
How I see it:
Strong engulfing 1D candle closed within the confluence zone.
Price could wiggle around trying to correct downwards.
Or just breakout through confluence and test now resistance as a new support.
Both SMA's is slowly rising.
Keynote!
For fundamental/political reasons, I strongly believe a bullish continuation is a high probability.
I deeply appreciate you taking the time to study my analysis and point of view.
USDCADTHIS ANALYSIS FOR "USDCAD" ON MULTIPLE TIME FRAME.
- What we can see on daily timeframe price already breakout on significant resistance,
- Wait price pullback on the zone
- Can follow my TP target or can close profit when you feel enough.
- Can set you SL between 25 - 35 Pips with you own risk.
- If price break nerewst trendline we just wait price come to trendline then we BUY.
All the best !!!
If you want more update on USDCAD. Kindly follow and like.
Feel free to comment my outlook and share with your friends. Thanks!
USDCAD: Bearish Phase Begins!Hello,
FX:USDCAD has experienced significant upside once again, just as expected! However, it’s time for a shift—sorry, bulls, but the bearish phase is here. A major downturn is on the horizon!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
USD/CAD follow up on bullish patternHi dear traders, today we would start off this week and the month of December with the set up of USD/CAD. We all have been following on the overall bullish-ness of the USD and we will acquire some value from it in the USD/CAD Pair. It has been formulating a strong bullish pattern ever since the beggining of October , so the set-up goes as follows:
Entry : 1.40059
Target : 1.41447
As always, happy trading!
USD/CAD Buy SwingTradeReasons to Enter the Trade:
Trendline and Fibonacci Confluence:
The price is respecting a strong upward trendline.
The 61.8% Fibonacci retracement level aligns with the trendline, providing strong confluence for a potential reversal.
Stochastic Oversold:
The stochastic oscillator indicates a potential upward reversal as it climbs from an oversold region.
Risk-Reward Opportunity:
The chart shows a decent risk-reward setup, with a target near the 0% Fib level (1.4180) and a stop-loss below 1.3925. If this provides at least a 2:1 reward-to-risk ratio, it's a good trade to consider.
Structure Holding:
There’s no significant break below the critical structure levels, suggesting the bullish bias is intact.
USD/CAD 4hr timeframe We got 2 big bullish candles creating a new fresh supply zone on the 1.404 level, if the price will respect the supply zone we're gonna look for buys.
However this setup is only for the short term; looking to the daily timeframe we got a formation of a shooting star candlestick pattern revealing a possible reversal sooner
TP for this trade is 1.4153: SL 1.4007
Good trade everyone!
Sell USDCADBrace yourself for a heavy sell off on USDCAD. Looks like price has formed this massive head and shoulder pattern. I am expecting a proper high to end today, we can enter the on the wick around 1.416
