USDCAD LongWe are in a support and we are in a support zone. hoping to purchase the pair at the current rate
CADUSD trade ideas
Possibility of uptrend The price is expected to consolidate above the support area, then if the resistance trend line is broken, a continuation of the uptrend is likely.
USDCAD swing longsFrom fundamental analysis on CAD futures derived from "barchart.com". Currently as of writing (Monday 30th April 2025), we can see the CAD futures price increasing from this day but the Open Interest has been decreasing steadily so we can anticipate a reversal soon for the futures price (to flip bearish), which means bullish PA for USDCAD (this could also give you a slight insight/confirmation to DXY’s potential price).
Technicals outlined in chart using price action.
TOP DOWN ANALYSIS ON USDCAD 4HR ON THE 4HR TIMEFRAME, We established the key monthly zone + weekly trendline + wide divergence all signaling bullish and hence rhyming with the monthly, weekly and daily bullish bias. Our confirmation will be the break of the 4hr trend line for a possible quick entry long!!
TOP DOWN ANALYSIS ON USDCAD DAILY TIMEFRAME ON THE DAILY TIMEFRAME, We established the major zone + the weekly trend line + momentum loss as price approached the key zone + tight divergence all signaling bullish!!
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.
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
Triangle PatternThe price has formed a triangle pattern as a continuation of a previous breakout and now looks to make a bullish impulse
we had an inner pullback and now the price looks ready to make a bullish move, but we can also wait for an outer pullback for confirmation
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USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.38200 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.38200 support and resistance area.
Trade safe, Joe.
USDCAD focuses on short selling near 1.3954On the 4-hour chart, USDCAD stabilized and rebounded, and the short-term market is expected to continue to rise. At present, the upper side can focus on 1.3954, which is a potential short-selling point of the bearish bat pattern, and this position is in the previous supply area.
USDCAD Swing ShortJust set and forget. Trump's goal is for a weak Dollar to balance the trade deficit.
USDCAD 15-Min Setup: Buyers Defend Crucial ZoneGood morning traders,
Trust you are doing great.
Kindly go through my analysis of USDCAD currency pair.
Overview
The USDCAD M15 chart presents a bullish price setup around the 1.38350–1.38410 support zone, with current price action consolidating just above this area.
Idea
Price bounced off the key support zone (blue box), suggesting buyer interest. The BB Squeeze momentum indicator shows weakening selling pressure, which could signal an upcoming bullish move.
Key Support: 1.38350
Upside Targets: 1.38650, 1.38880, and 1.39039
Invalidation: Setup fails if price breaks below 1.38280
From the fundamental context, we can see that the Canadian dollar (CAD) is moving more in sync with the U.S. dollar (USD) again, a return to its historical behavior. This happens because Canada was spared from certain tariffs, making its economy more closely tied to U.S. growth sentiment—a key bullish factor for CAD when the USD strengthens. But because CAD is now closely tied to U.S. sentiment, CAD won't weaken as sharply, which might explain why the price is consolidating instead of spiking aggressively. As such, we might see a slow but steady move on the pair as time progresses.
Conclusion
As long as the price holds above the 1.38350 support zone, a bullish continuation toward the mentioned targets is likely.
Cheers and happy trading.
USDCAD: B tradeA page from my trading journal. Please take it with a grain of salt, as I’m still learning and growing 🌟
• Will become B+ if price pulls to VWAP and rejects
• A if it forms a failed breakout above 1.39 followed by strong bear reversal bar
[USDCAD] Trade ideaOn this forex pair I am now looking for a swing long position to build step by step. Here we have my main level of interest and the price action start to switch from short to potential long.
I take the trade and still manage it live.
Great Trade !
USDCAD COT and Liquidity AnalysisCOT Report Analysis:
This is a bit tricky one on the first sight you can see there is more longs than shorts, but !! And this where many traders makes mistakes when they are looking to the just current COT data.
We can see that since march longs has dropped from the 165k to 1002K this is bearish. Net positions also going down. while the long % exposure is still 85% long it mostly go much lower.
Also price action confirms lower prices, but I think healthy pullback is in play. So we got framework and bias now we need to look for setups. Which I will again use my CLS method.
/b]
Hey what up traders welcome to the COT data and Liquidity report. This is a big part of my FX Trading. Im always trying to trade with the Big players so knowing their positions is good thing.
Please be aware that institutions report data to the SEC on Tuesdays and data are reported on Fridays - so again we as retail traders have disadvantage, but there is possibility to read between the lines. Remember in the report is what they want you to see, that's why mostly price reverse on Wednesday after the report so their cards are hidden as long as possible. However if the trend is running you can read it and use for your advantage.
I created this simple free indicator which you can find in the my scripts. It's highlighting the day of the real report - Tuesday.
Here is the tip if the level has confluence with the high volume on COT it can be strong support / Resistance.
Analysis done on the Tradenation Charts
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
"Adapt what is useful, reject what is useless, and add what is specifically your own."
— David Perk aka Dave FX Hunter ⚔️
USDCAD 24/04/2025Weekly:
-Previous week low liqudity sweep.
-FVG could be acting as magnet for price.
Daily:
-Inverse H&S pattern.
-IC.
4H:
-Bullish M pattern.
-Inverse H&S pattern.
USD/CAD – Major Trendline Rejection + Bullish Reversal ZoneUSD/CAD is currently forming a bullish reversal setup on the weekly timeframe, suggesting a potential longer-term move to the upside.
Right now, the price is rebounding from a long-term ascending trendline, which has acted as dynamic support since 2021. This level also aligns with a prior resistance-turned-support zone, adding confluence. Volume has spiked recently, signaling strong market interest at this level. ⚠️
If price holds above 1.3800 and breaks above the recent weekly highs, we could see a bullish continuation toward the 1.4650–1.4800 supply zone. 🎯
🔹 Trade Setups to Consider:
1️⃣ Weekly Trendline Bounce Entry 📍 Entry: 1.3886
🛑 Stop Loss: 1.3723
🎯 Targets: 1.4140 ➡️ 1.4650
2️⃣ Breakout & Retest Entry 📍 Entry: 1.4140 (on retest after breakout)
🛑 Stop Loss: 1.3950
🎯 Target: 1.4800
📌 Risk Management Tip: This setup is based on a higher timeframe, so wider stops and longer holding periods are expected—size your positions accordingly.
💬 What’s your view on USD/CAD? Drop your thoughts below 👇
#Forex #TradingSetup #WeeklyChart #PriceAction #TechnicalAnalysis #TradeIdeas #USDCAD #TrendlineSupport #BullishReversal #MacroSetup
USDCAD accumulation phase for long 1.4050-60usdcad stopped making further lower low in daily time frame. 23rd April daily candle made a higher low, indication for strength for coming days. demand zone for long is 1.3840-3800, stop loss: 1.3780, target: 1.4050-50. even weekly trend is down. reversal/counter trend trade. use lower risk please.
USDCAD SELL/SHORTBy utilizing levels, historical patterns, , we can formulate a hypothesis that the market might follow a similar trajectory if bearish sentiment prevails.
