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Canadian Dollar / U.S. Dollar

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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
Short
by benjaminlombaert
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?
by JAMES_GOLD_MASTER_MQL5
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).
Long
by FxProGlobal
USD/CAD Bearish Trade Setup – Resistance Rejection & Target ProjUSD/CAD Bearish Trade Setup – Key Resistance & Target Projection Analysis: Timeframe: 30-minute chart Current Price: 1.43248 Indicators: EMA (200, Blue): 1.43024 (Key Dynamic Support) EMA (30, Red): 1.43142 (Short-term trend) Resistance Zone (Supply Area): 1.43300 - 1.43450 Support Level (Rejection Zone): 1.43085 - 1.43024 Trade Setup: Entry Zone: Around the rejection level near 1.43142 Stop Loss: 1.43435 (Above the resistance zone) Take Profit Target: 1.42355 (EA Target Point) Projection: Price is expected to reject the resistance zone, drop below the 200 EMA, and test the lower target at 1.42355. If price confirms rejection at resistance, a short (sell) opportunity is valid. A break above the stop-loss level could invalidate the bearish bias. Conclusion: Bearish momentum is anticipated if price respects the resistance zone. Confirmation from price action (candlestick patterns) will strengthen the trade setup.
Short
by EA_GOLD_MAN_COPY_TRADE
Descending Triangle on USDCADNoticing a descending triangle chart pattern on the 4H timeframe for USDCAD. The descending triangle is a neutral pattern suggesting two scenarios but usually plays out on bearish scenarios. Price had been giving us LHs and equal lows. Combined with the corelation with DXY we may see bearish movement. However, confirmation is key. A break below the support will confirm the bears are in control. Alternatively, a break above the trendline AND the resistance I marked out suggests the bulls are in control.
by KufreFX_
usdcad still in range ? The USD/CAD is sitting at a critical support level in its rectangular trading range. The VRVP (Volume-Weighted Average Price) shows strong institutional interest right here, and the COT reports suggest leveraged traders aren't aggressively buying USD. This points to a potential bounce or consolidation zone. The daily chart and hourly timeframe are both showing similar signs - we're at a key support where smart money seems to be positioning themselves. It's a classic setup where the market is potentially setting up for a move, but waiting for a clear catalyst. The key is watching how price respects this support level and looking for confirmation of either a bounce or a breakdown. i would want to see a solid rejection of these lower prices or a clean break below. if not the range will confirm for now
Long
by youbicode
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