Going out of time correction rangeIf price break out the time correction range strongly, it may reach to the target easley.
CADUSD trade ideas
USDCAD LONG: CAD CPI ON TAP Canada December CPI 1.8% y/y versus 1.9% expected.
Due to the above result, we are looking to buy the USDCAD due to potential weaker Canadian dollar.
Canada CPI to be released soon, USD/CAD currency pair trend🔆The USD/CAD currency pair is being influenced by important economic and political developments.
🔆US President Donald Trump has announced that he is considering imposing a 25% tariff on goods imported from Canada and Mexico. But instead of taking effect immediately, the policy could take effect in February. The announcement immediately sent the USD sharply lower, giving CAD a breather.
🔆Canada’s December CPI inflation data will be released today. If inflation rises higher than expected, this could support the CAD and affect the trend of the USD/CAD pair.
🔆Technical Analysis:
The USD/CAD pair is currently trading around 1.444. The Relative Strength Index (RSI) remains in favor of the bulls. The pair is likely to test the 200-EMA at 1.440 before continuing to bounce towards the 1.45 area. In the near future, the market is waiting for Canada's CPI information for further assessment. Moreover, the US tariff policy will strongly affect the trend of this currency pair in the coming time.
🔆Advice:
Investors should closely monitor economic and political information, especially decisions related to tariffs and inflation data, to have a suitable trading strategy for the USD/CAD pair.
Thank you for reading my comment: "FM"
USDCAD sell analysis Hello friends, how are you, we are currently seeing a very good setup of that usdcad for entry of sale.
Timeframe # dail
If you agree with my analysis then please express your opinion.
Allah bless you
Megaphone formedThe chart shows us how in this long range that continues from more than a month, two bearish engulfing candles have appeared.
In addition, the extension of volatility has formed the classic shape of the megaphone in trading. If down-breakout occurs, this will be the signal for a strong bearish trend.
USDCAD - 4H Bearish signsThe FX:USDCAD pair fell sharply after news of Canada responding to potential US tariff changes under Donald Trump. It has now reached the bottom of the trading range on the 4H timeframe.
💡 Key Strategy:
Wait for breakout confirmations or enter on a pullback.
Avoid rushing in; price action confirmations are essential for entries!
Patience and strategy always win. Let's trade smart! 📉
USDCAD in Bullish trend USDCAD in bullish trend, expected trend reversal if it breaks the last HL, sell with a sell stop.
Potential Sell Opportunity on USDCADReasons I think this pair will fall:
- Bearish RSI divergence on H4 and H1
- RSI is overbought H4 and H1
- Trend line has been confirmed so we are waiting for this trend line to break.
What do you think?
$USDCAD Bullish!Taking into consideration the structure & trend analysis, I believe that the market will reach 1.457 level soon.
CADUSD in Bearish trend CADUSD in bearish trend, A trend reversal is expected according to RSI diversions, Enter with a buy stop
USD/CAD Price Forecas; Big Consolidation Break Out Ahead📈 USDCAD Price Forecast: Big Consolidation Breakout Ahead! 🚀
🕓 4-Hour Timeframe Analysis:
USDCAD is in a big consolidation zone, showing strong bullish momentum. Patience is key—wait for a significant green candle for confirmation.
📍 Entry Level : 1.44500
🎯 Technical Target : 1.48800
🔻 Stop Loss : 1.43900
📊 Indicator in Focus : EMA50
🔥 Be Ready for the Move!
Like, comment, and follow for expert analysis and precise trade signals. Let’s trade smarter together!
USDCAD: Bullish Trend Continues 🇺🇸🇨🇦
USDCAD looks bullish after a breakout of a resistance line
of a bullish flag pattern on a daily.
Retesting that the price formed a double bottom on an hourly.
Nice the price will most likely increase more.
Goals: 1.4485 / 1.4490
❤️Please, support my work with like, thank you!❤️
Correcting Lower, Below 1.4445 Targets 1.4380
USD/CAD is correcting lower, with a five-wave Elliott Wave structure likely completed at 1.4485. Speculation surrounding Trump’s inauguration and his softer approach to tariffs, hinted at in his recent call with Chinese President Xi, could drive US dollar selling.
Support Levels:
1.4445
1.4380
Resistance Levels:
1.4485
1.4560
Outlook:
Below 1.4445, the pair is likely to test 1.4380 as part of the correction. A break above 1.4485 invalidates this bearish view, shifting focus to a potential rally toward 1.4560.
#USDCAD #ForexTrading #TechnicalAnalysis #ElliottWave
uptrendGiven the price reaction at the support area and the start of the uptrend, it is expected that the price will consolidate above the resistance area, then the uptrend may continue
Read The USDCAD MarketLet's Look at USDCAD Chart and Find some Trade Opportunities if it's Possible, Good Luck With Your Trades <3
Market Analysis: USD/CAD Powers HigherMarket Analysis: USD/CAD Powers Higher
USD/CAD is rising and might aim for more gains above the 1.4500 resistance.
Important Takeaways for USD/CAD Analysis Today
- USD/CAD is showing positive signs above the 1.4400 support zone.
- There is a key bullish trend line forming with support at 1.4420 on the hourly chart at FXOpen.
USD/CAD Technical Analysis
On the hourly chart of USD/CAD at FXOpen, the pair formed a strong support base above the 1.4300 level. The US Dollar started a fresh increase above the 1.4345 resistance against the Canadian Dollar.
The bulls pushed the pair above the 1.4380 and 1.4400 levels. The pair cleared the 50-hour simple moving average and climbed above 1.4450. A high was formed at 1.4485 and the pair recently corrected some gains.
There was a move toward the 23.6% Fib retracement level of the upward move from the 1.4302 swing low to the 1.4485 high. Initial support is near the 1.4420 level.
There is also a key bullish trend line forming with support at 1.4420. The next major support is near the 1.4395 level or the 50% Fib retracement level of the upward move from the 1.4302 swing low to the 1.4485 high.
The main support sits near the 1.4345 zone on the same USD/CAD chart. A downside break below the 1.4345 level could push the pair further lower. The next major support is near the 1.4300 support zone, below which the pair might visit 1.4250.
If there is another increase, the pair might face resistance near the 1.4485 level. A clear upside break above 1.4485 could start another steady increase. The next major resistance is the 1.4540 level.
A close above the 1.4540 level might send the pair toward the 1.4580 level. Any more gains could open the doors for a test of the 1.4620 level.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
USDCAD H1 | Bullish Bounce offBased on the H1 chart, price is falling toward the buy entry at 1.44197, which aligns with the 38.2% Fibonacci retracement and for a bullish bounce off the key support level at. This level is expected to act as a strong entry point in the bullish setup.
Our take profit is set at 1.44777, targeting a swing high resistance level, marking a logical exit point for the trade.
The stop loss is set at 1.43675, below the recent swing low, allowing room for price fluctuations while protecting against invalidation of the bullish bias.
USDCAD H1 | Bullish Bounce off Based on the H1 chart, price is falling toward the buy entry at 1.44197, which aligns with the 38.2% Fibonacci retracement and for a bullish bounce off the key support level at. This level is expected to act as a strong entry point in the bullish setup.
Our take profit is set at 1.44777, targeting a swing high resistance level, marking a logical exit point for the trade.
The stop loss is set at 1.43675, below the recent swing low, allowing room for price fluctuations while protecting against invalidation of the bullish bias.
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USDCAD Analysis - 4H TimeframeHI Traders
The price has reached a strong rejection zone around the 1.4480 level, which has previously acted as a key area for determining the direction. There’s potential for a bullish bounce if this zone confirms as support.
Key Observations:
Critical Zone: 1.4450 - 1.4480 (monitor price action closely here).
If the price holds and continues upward, the first target could be around 1.4550.
Alternative Scenario: Breaking below this key zone could lead to a retest of lower levels, possibly near 1.4400.
Disclaimer: This is not financial advice. Please manage your risk and follow the price action carefully.
What are your thoughts on this setup? Share your feedback! 😊
USDCAD - Buy Opportunity After Resistance BreakOANDA:USDCAD has broken above a critical resistance level and is aligning with bullish trend continuation by retesting this level as support. If the support holds, I expect a move upward toward 1.45300, aligning with the bullish trend.
Conversely, if the support is broken, the bullish outlook could weaken, paving the way for further declines.
Traders should monitor this zone closely for signs of buyer strength before taking long positions. Do you see this playing out similarly? Let’s discuss in the comments below!
Potential Short on USDCADOANDA:USDCAD had been caught up in a consolidation phase for a while, trapped within the range at 1.4465 and 1.43424. We saw a breakout to the lower side and its retest which can potentially lead to a drop in the market. I will place my target at 1.38799.
Do your Due diligence, past results does not guarantee future results
USD/CAD BUY
USD/CAD has broken above a key resistance level, confirming strong bullish momentum. This breakout suggests a high probability of further upside movement, with the next target around 1.4615.
While the bullish trend remains intact, there is a possibility of a short-term correction, with a retest of the broken resistance to confirm it as new support. Such a move would provide a stronger foundation for the continuation of the uptrend.
Traders should remain focused on the bullish potential but must set their stop-loss levels according to their risk management strategies to account for possible short-term retracements. This is a great opportunity to ride the momentum while managing risk effectively! 💪📈
USDCADWhat a beautiful setup that was missed by me. Nevertheless same bullish bias is expected from me on this pair. Haven’t reached my overall target as yet so I’m expecting it to hit this week. As seen in the chart I’m going to wait for a retest of weekly zone and a test of the trendline I has drawn on the chart which I will be taking buys at. Target is shown on the chart.
