USD/CAD breaks out of falling wedgeUSD/CAD closed higher for a fourth day on Monday, on the even of Trump's liberation day. It also accelerated away from its 50-day EMA after establishing support around its 100-day EMA last week.
This has also seen USD/CAD break trend resistance, and a falling wedge pattern now appears to be in play. This suggests an upside target near the 1.4550 cycle highs.
Bulls could seek dips towards the 50-day EMA and retain a bullish bias while prices remain above last week's low.
Matt Simpson, Market Analyst at City Index and Forex.com
CADUSD trade ideas
Fundamental Weakness in a Strong Uptrend – Reversal Ahead
🍁 USDCAD has experienced a strong bullish trend, with an aggressive push to higher prices. However, key fundamental indicators are signaling weakness:
- **Inflation** – Negative
- **Employment Change** – Negative
- **Unemployment Rate** – Negative
Despite the current uptrend, these bearish fundamental factors suggest that momentum could shift. At the very least, a strong pullback is likely, and a full trend reversal remains a possibility. Monitoring price action at key levels will be crucial in the coming sessions.
I placed my SL on Key LvL clusters
USD/CAD trandline breakout 4h bullish setup USD/CAD currency pair on the 4-hour timeframe with a bullish setup. Here's a breakout of key elements:
Analysis:
Entry Point: Around 1.43100 (breakout of the trendline).
Targets:
Target 1: ~1.43827
Target 2: ~1.4500
Final Target: ~1.4700
Stop Loss: Below 1.4236 (marked in red).
Support Levels:
1.4183 (key support)
1.4236 (another major support level)
Resistance Levels:
1.4382
1.4500
Trade Idea:
A breakout above the trendline signals a bullish move.
Entry confirmation could come from retests or bullish candlestick formations.
Ensure risk management with a proper stop-loss placement.
Would you like me to refine this based on any specific indicator or confirmation strategy?
USD/CAD rejection of lower pricesOn USD/CAD , it's nice to see a strong buying reaction at the price of 1.42520.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
Rejection of lower prices and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
USDCAD -Weekly Forecast,Technical Analysis & Trading Ideas
Technical analysis is on the chart!
No description needed!
OANDA:USDCAD
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Now, it's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Have a successful week,
ForecastCity Support Team
It looks like a wedge!If you're not a chartist, then see it as a liquidity grab at the marked red dot.
We probably still have another 100 pips of leverage left, maybe more!
Remember that a crowded area is a liquidity-starved area.
Don't forget that patience pays off!
Apply your own strategy to find the entry, or here's a little setup; that's what I'm waiting for.
Keep It Simple!
Don't forget to follow me.
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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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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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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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I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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