USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.35750 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.35750 support and resistance area. Trade safe, Joe.Longby JoeChampion2219
USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.35700 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.35700 support and resistance area. Trade safe, Joe.Longby JoeChampion2214
USDCAD SELLFrom H1 chart BSL was taken that cause a complete CHOCH in the market with a consolidation phase, and now the BSL on M15 is also taken targeting the SSL to be taken out. Also tomorrow there's Red Folder event on CAD (i.e. CPI) Entry @ 1.35952 SL 1.36092 TP 1.35183Shortby Murthehelp_fx4413
USDCADHello everyone, USDCAD chart analysis The price moved in a downward wave that led to breaking the last structure, which is a strong support area. The price is now testing the structure breakout area. We move to a lower time frame and look for a selling opportunity⬇️ ⛔️It is not investment advice, for educational purposes only.by Adhamcurrency4410
Daily and 4 Hour Timeframe Analysis (USDCAD, D1 H4) Right Chart: 4-Hour Timeframe Analysis (USDCAD, H4) This side offers a closer view of the Wyckoff schematic and confirms the market structure through the smaller timeframe. Phase B of Wyckoff Distribution: SOW (Sign of Weakness in Phase B) is seen here, marking the preliminary signs that supply is overcoming demand. This is located near the 1.3510 level, an area where institutional participation may be fading on the buy side. The AR (Automatic Rally) and ST (Secondary Test) events are clearly demarcated, showing where price rebounded after initial breakdowns, testing previous support levels that now act as resistance. Break of Structure (BOS): A BOS Internal (4H) event around the 1.34500 level confirms a breach in market structure, suggesting that further downside is likely. A more significant BOS MSB (Major Structure Break) occurs below 1.3420, confirming a shift in trend direction from bullish to bearish. POC (Point of Control): In the 4-hour view, the POC lies near 1.35793, acting as a critical level of volume concentration. This signifies a battle between buyers and sellers, likely to act as a strong area of resistance moving forward. Supply Zones: The chart identifies multiple resistance zones where previous support has now flipped to resistance, particularly in the 1.36472 and 1.36229 regions. These resistance lines, along with the BC (Buying Climax) and UT (Upthrust), represent zones where distribution patterns fully manifest. Projected Downtrend: The overall bias on both timeframes is bearish, with expected markdowns towards the levels around 1.3137, as the larger Elliott Wave structures unfold. Conclusion: This analysis emphasizes a bearish continuation for USD/CAD, aligning with both Wyckoff Distribution and Elliott Wave principles. The market appears to have completed its final upward move (UTAD) and is now entering a markdown phase. Price rejection near the key resistance and supply zones supports this outlook, while the break of structure (BOS) further solidifies the bearish trend.Shortby spacedevil7712
USDCAD TRADE SETUPWait for retest the key level then take a trade for Buy otherwise skip this setupLongby JinnatAlamSumon228
Trading Signal For USDCAD Trading Setup: There is a Trading Signal to Sell in USDCAD 4h Currency Pair. Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 1.3591 ⭕️SL@ 1.3631 🔵TP1@ 1.3413 🔵TP2@ 1.3326 🔵TP3@ 1.3151 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .Shortby pullbacksignal1110
USDCAD will reverse - manipulation during the news TuesdayExpecting the manipulation during the news Tuesdays news and continuation down. Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔Shortby Dave-FX-Hunter225
USDCAD Will Fall! USD-CAD made a retest Of the horizontal resistance Of 1.36058 and we are already Seeing a bearish reaction So we will be expecting A further local move down ! Shortby kacim_elloitt118
Market Analysis: USD/CAD StrugglesMarket Analysis: USD/CAD Struggles USD/CAD declined and now consolidates below the 1.3600 level. Important Takeaways for USD/CAD Analysis Today - USD/CAD started a fresh decline after it failed to clear the 1.3650 resistance. - There was a break below a short-term contracting triangle with support at 1.3560 on the hourly chart at FXOpen. USD/CAD Technical Analysis On the hourly chart of USD/CAD at FXOpen, the pair climbed toward the 1.3620 resistance zone before the bears appeared. The US Dollar formed a swing high near 1.3650 and recently declined below the 1.3600 support against the Canadian Dollar. There was also a close below the 50-hour simple moving average and 1.3580. Besides, there was a break below a short-term contracting triangle with support at 1.3560. The bulls are now active near the 1.3550 level. Recently, the pair corrected some losses and climbed above the 23.6% Fib retracement level of the downward move from the 1.3600 swing high to the 1.3546 low. If there is a fresh increase, the pair could face resistance near the 1.3565 level. The next key resistance on the USD/CAD chart is near the 61.8% Fib retracement level of the downward move from the 1.3600 swing high to the 1.3546 low is 1.3580. If there is an upside break above 1.3580, the pair could rise toward the 1.3600 resistance. The next major resistance is near the 1.3650 level, above which it could rise steadily toward the 1.3700 resistance zone. Immediate support is near the 1.3550 level. The first major support is near 1.3535. A close below the 1.3535 level might trigger a strong decline. In the stated case, USD/CAD might test 1.3500. Any more losses may possibly open the doors for a drop toward the 1.3450 support. 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.by FXOpen226
USDCAD SHORT FOMC rates led to it breaking towards the downside breaking through it's previous support level of 1.35664 indicating the continuation towards the downside. Shortby Melvin-vix75225
USD/CAD - Swing Trade - Trendline breakTrendline Break Play: 1.Wait for a valid trendline break on a higher timeframe (e.g., 1-hour chart). 2.Wait for Closure Above 1-Hour Resistance: Wait for a full candle to close above this resistance to ensure a genuine breakout. 3.Wait for Retest of Support: After the breakout and closure above resistance, wait for the price to retrace. The previous resistance should now act as support. 4.Take Entry on Support: Enter the trade when the price touches the newly formed support. 5.Risk Management: Place a stop loss below the retested support level, giving some buffer to account for volatility. Longby PipShiesty223
usdcad weekly structure showing bearish signs, brake and retest to the downside, this is inverted scale so it looks like a great opportunity to trade. Both blue boxes are Candle patterns that are repeating history. Remember this is inverted scale ...Shortby Code-bread112
USDCAD CPI NEWS FOLLOW MEIF YOUWANT TOEARNHi guys, I think USDCAD is making a move like this. I hope it reaches the price we set before the inflation dataLongby Mamatcapital223
IDEA USDCAD LONG POSITION HI TRADERS Pair : USDCAD Position : LONG ( BUY ) Entry Price : 1.35710 STOP LOSS @ 1.35610 TP 1 @ 1.35810 TP 2 @ 1.35910 TP 3 @ 1.36010 ( Trailing SL )Longby hamidTrader21110
USDCAD sell ahead of WednesdayRight now both the Canadian dollar and the US dollar are weak , this is a short term trade.Shortby EleazarahmathUpdated 118
USDCAD - UNDER DOWNWARD PRESSURE - 4HUSDCAD / 4H TIME FRAME HELLO TRADERS Currently, prices are trading below the resistance trend line and the turning level at 1.361. This sets the stage by identifying that the price is under a key resistance line and turning level, specifically at the 1.361 level. The resistance line acts as a ceiling preventing further upward movement. As long as trading remains below this level, a decline is expected, potentially reaching 1.354 and 1.350. Here, you're forecasting a possible downward trend. If prices don't break through 1.361, the expectation is for them to move lower, first targeting 1.354, and possibly continuing to 1.350. These levels are likely key support level where the price could find temporary stability. However, breaking this level would indicate a rise toward 1.370. This section shifts the focus to an alternative outcome. If the price breaches the 1.361 resistance, it would signal the start of an upward movement, aiming for the next key level at 1.370. To confirm an uptrend, it is necessary to break through this level, which would then target the next level at 1.374. Finally, you're stating that for a true and sustained uptrend to be confirmed, the price must break through 1.370. Once this happens, the price is expected to head towards the next resistance level at 1.374. UPWARD TARGET : 1.370 , 1.374. DOWNWARD TARGET : 1.354 , 1.350.Shortby ArinaKarayiUpdated 12
USDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.35800 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.35800 support and resistance area. Trade safe, Joe.Shortby JoeChampion8
Use This Price Action Strategy For Consistent Trading (USDCAD)In 8 different instances, you could have been easily right. The USDCAD has drifted up, down, sideways at times. No real sentiment shift to cause massive favour over either currency. Here's how to make it easy.10:05by WillSebastian5
"Repricing following the FOMC?" The USDCAD is the perfect setup!Market expectations of a 50bsp cut today are high, anything less than that could lead to a massive reversal. The USDCAD is top on my list of trades today, post FOMC. Listen in to understand why. Long04:04by ForexAnalytixPipczar7
USDCADOf late, CAD has been ranging. Playing between 1.3105 and 1.3878. The overall trend to me is bullish. I do expect CAD to drop further to the demand zone and gather momentum to break the 1.3878 resistance level. As it stance, it's trading within a complex WXY structure.Shortby oxxygee5
USDCAD, Is An upward movement on the way ?Hello Traders, Hope you are doing great. for upcoming days, Based on Fundamental and technical analysis, we'll probably see an upward correction to Specified Blue dashed line. so with a proper trigger we can open a Long position. And finally tell me what do you think ? UP or DOWN ? leave your comment below this post. If this post was helpful to you, please like it and share it with your friend. THANKS. Longby aminrzbUpdated 9