USDCAD bearish continuation expected
OANDA:USDCAD still bearish expected after today's events. Price bouncing and on some good, strong zones.
SUP zone: 1.37300
RES zone: 1.36000, 1.35600
CADUSD trade ideas
USDCAD - Bullish Story: Strong Bullish rally from previous - Market make a corrective move till 0.382 level of FIB and followed by Bullish Flag pattern.
Anticipate : we anticipate market to continue the bullish trend and we plan our entry on the breakout of flag neck line.
PLAN : entry point is break of neckline level, TPs will be as projected through Pole of FLAG.
Bullish rise for the Loonie?The price has reacted off the resistance level which is an overlap resistance and could potentially rise from this level to our take profit.
Entry: 1.3703
Why we like it:
There is an overlap resistance level.
Stop loss: 1.3647
Why we like it:
There is an overlap support level.
Take profit: 1.3857
Why we like it:
There is a pullback resistance level that aligns with the 161.8% Fibonacci extension.
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USDCAD - Bullish Falling WedgeHello Traders !
The USDCAD price formed a falling wedge pattern.
Currently, The resistance line is broken!
So, I expect a bullish move🚀
______________
TARGET: 1.37490🎯
Bullish continuation?The Loonie (USD/CAD) is falling towards the pivot which is an overlap support and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 1.3691
1st Support: 1.3666
1st Resistance: 1.3742
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish reversal for the Loonie?USD/CAD is reacting off the resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.3692
Why we lik eit:
There is an overlap resistance level that lines up with the 50% Fibonacci retracement.
Stop loss: 1.3777
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 1.3552
Why we like it:
There is a pullback support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
USDCAD BUY Am seeing a buy Opportunities on USDCAD
ENTRY: 1.36900
Stoploss: 1.36800
Take profit: 1.37500
Comment your opinion
For fund management. DM on X @shajudeakinoba1
USDCAD COT and Liquidity AnalysisHey what up traders welcome to the COT data and Liquidity report. It's always good to go with those who move the market here is what I see in their cards. I share my COT - order flow views every weekend.
🎯 Non Commercials added significant longs and closed shorts at the same time. So for that reason I see the highs as a liquidity for their longs profits taking.
📍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.
💊 Tip
if the level has confluence with the high volume on COT it can be strong support / Resistance.
👍 Hit like if you find this analysis helpful, and don't hesitate to comment with your opinions, charts or any questions.
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 ⚔️
Bearish reversal off pullback resistance?The Loonie (USD/CAD) is rising towards the pivot which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse to the 1st support.
Pivot: 1.3706
1st Support: 1.3599
1st Resistance: 1.3793
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
UC WAITING GAME Looking to see how price reacts to this recent bearish rally, trend is biased for shorts. However, we can possible start to see price climb, I have a target in mind which is the green resistance (weekly) would like to see break and retest of the Daily (red line) before price continues to the mentioned target.
USD/CAD - Fair Value GAP On USD/CAD , it's nice to see a strong sell-off from the price of 1.36130. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
Fair Value GAP (FVG) and Volume cluster are the main reasons for my decision to go short on this trade.
Happy trading,
Dale
Smart Money Just Flipped Bearish on USD/CAD. Are You Still Long?🧠 1. COT Context & Institutional Flows
🇨🇦 CAD COT Report (CME) – June 10, 2025
Non-Commercials (speculators): net short 93,143 contracts (19,651 long vs. 112,794 short), with a short reduction of -14,319 → early bearish unwinding.
Commercials: net long 91,207 contracts (223,285 long vs. 132,078 short), with strong accumulation (+27,999 longs).
🔄 Net open interest change: +18,436 → renewed institutional interest on the long CAD side.
🇺🇸 USD Index COT Report (ICE) – June 10, 2025
Non-Commercials: net long 1,402 contracts (17,027 long vs. 15,625 short), with a +1,279 increase in longs → modest USD support.
Commercials remain net short -35 contracts, no clear shift.
🔄 Total open interest +2,652 → mild bullish interest in USD.
📌 Implication: Strong institutional support for CAD, USD mildly supported. Net positioning favors downside pressure on USD/CAD.
💹 2. Technical Analysis & Price Action
Primary trend: clearly bearish from the 1.38 zone.
Current price: 1.3552, testing a macro demand zone (1.3470–1.3540).
Daily RSI remains deeply oversold → possible technical bounce, but no reversal structure confirmed.
Recent candles show lower highs and lower lows, with no bullish momentum.
📌 Implication: The bearish trend remains in control. A technical rebound is possible, but bias stays short as long as price trades below 1.3640.
📈 3. Retail Sentiment
77% of retail traders are long USD/CAD, with an average entry at 1.3646.
Only 23% are short, positioned better at 1.3790.
📌 Implication: Retail is heavily long → contrarian bearish signal confirmed.
📊 4. Seasonality
June is historically weak for USD/CAD:
5Y Avg: -0.0118
2Y Avg: -0.0081
The June seasonal curve shows a stronger downside acceleration into the second half of the month.
📌 Implication: Seasonality adds downward pressure into month-end.
USDCAD SETUPUSD/CAD is currently showing signs of a bullish corrective wave or potential trend reversal after defending a critical demand zone. If the market respects the retracement levels, a move toward 1.3900–1.3950 is likely in the short-to-mid term. Traders should look for a pullback entry or breakout confirmation, with risk managed below recent support.
USDCAD LONG SETUPI am expecting the US Dollar to be bullish this week.
Weekly closed as a bullish engulfing.
Expecting price to make a minor pull back on the daily before taking making another bullish push.
Price is also showing a bullish divergence on the daily, which furthers strengthens my perspective.
The 2H TF also illustrates somewhat of a Cup-and-Handle Candle Stick Formation
Will look to enter longs on the lower TFs (1-4h)
usdcad am i foolish to think like this ??? what would u say if you saw this , whats your view ? block out all the noise and see it
Market tapped on Our Order Block which is our mitigation zonePrice just tapped on the order Block which we might look for bullish trend
USD/CAD short 4Hr Supply Zone: I believe that the trade should be triggered in the supple zone I drew out (yellow rectangle)
Market Structure: There is a good market structure formation and I believe that the price will go up to the supply zone then continue the market structure towards the downside.
Fib tool: This is also aligning close to my price trigger and the t/p
Support level: if we go back in time we can see that my t/p is put on a support level (orange dotted line).
USDCADHere we are currently retesting the Impulsive Wave correction that's currently completed on smaller TF there's a Bearish RSI Divergence indicating the sellers to come in, however if the S/R Flip zone is respected and solid, the buyers will come in as on the chart indicated to perform the corrective "A,B,C" wave with bulls hence we looking to ride with those for that correction.
USDCAD - H1 SELL setup USDCAD got rejected twice at H4 major resistant.
Expecting more of a downward movement than upwards movement.
SHORT ON USD/CADUSD/CAD has given a confirmation choc (change of character) from up to down on the lower timeframe (5min) from a MAJOR supply area.
I will be selling USD/CAD looking to make over 100 pips to the next demand level.
USDCAD - ShortAwaiting a weekly break in the 100 and 200 Moving Average then take to $1.35 or lower.
Long Idea for USDCADI beleive the USDCAD its in good spot to start rising again. The correction may be over and now I'm looking for a good bounce
Targets:
TP1. 1.37
TP2. 1.38
TP3. 1.40
Good luck
