USDCAD bearish strong
OANDA:USDCAD trend based trade, after strong events in last periods here strong bearish expectations for this week.
SUP zone: 1.45500
RES zone: 1.40500, 1.39600
USDCAD trade ideas
USDCAD-(Close Door Analysis)A simple chart Analysis.Defining the Entry and the 2 Exit Strategy(TP & SL)..You can comment in the section below and Follow for more Video Analysis..ENJOY!!
UsdCad Trade IdeaI personally took some shorts on UC with price coming back up into a major level of support that is now currently being used as resistance. With smaller time frames shifting structure at a major level and giving me a solid bearish candle confirmation after the retest, we could expect price to dump back down to 1.41553
DONT FORGET TO CONTINUE SELLING USDCADThis chart is bearish, any retracement is a sell
Dont miss out.
USDCAD Will Go Higher! Buy!
Take a look at our analysis for USDCAD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.424.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.440 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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USD/CAD - Long This is looking to be a clean Elliots wave pullback chart with a Batwing Pattern forming. This is all apart of a consolidation wave.
Im looking for long off this Support.
What are you doing in this market?
USDCAD Technical AnalysisFenzoFx—USD/CAD rose from 1.4025. The market outlook remains bullish if the price holds above 1.4150. In this scenario, the next bullish target will likely be the 1.4414 resistance.
A dip below 1.415 invalidates the bullish outlook with a bearish target at 1.4025.
USDCAD Continues its Bearish trend.Making LH or LL
.No any indications of reversal
.fibonacchi level 0.618 exact on entry point
USDCAD ENTRY CHART VIEWON this Pair,We are still Bearish, first market trend is still down,though the midterm trend is now Bullish, also we have a Confirmation that the CANADIAN DOLLAR is still BULLISH, with this as a Confluence alongside with the fact that price is around a Supply zone, with additional Confluence of 200ma from the 1h, we only refine the supply zone for better entry and stops.
INTRADAY BUY OPPORTUNITY IN USDCAD!Price Is currently reacting around a counter trendline in H4 timeframe. A break above the trendline insight a bullish signal . Buy upon the break of the trendline
Target is 1.43937
check the trendIt is expected that a trend change will form in the resistance area and the resistance trend line and we will see the beginning of an downward trend.
Intraday Preview: Consolidation and waiting | Prospect: +100pipsThe View:
Although the possibility of further consolidation cannot be ruled out, it is expected to remain limited in scope. Market momentum remains subdued; however, there are signs of stabilization that support the likelihood of a gradual upward trend, provided no new negative developments emerge in the external environment.
Buy Scenario:
Although the possibility of further consolidation cannot be ruled out, it is expected to remain limited in scope. Market momentum remains subdued; however, there are signs of stabilization that support the likelihood of a gradual upward move, provided no new negative developments occur in the external environment. In this context, long positions are maintained above 1.4170, with targets at 1.4300 and 1.4340 in extension.
Sell Scenario:
Despite signs of potential stabilization, a break below the 1.4170 level may trigger renewed downward pressure. In such a scenario, the likelihood of further decline increases, with the next targets seen at 1.4100 and 1.4080. The inability to hold key support levels could act as a catalyst for short-term bearish momentum.
I'm selling USDCADThe market is absolutely volatile and this is when you make the quickest gain or loose fast too.
I think UCAD will continue its downtrend . The purple lines will guide you in taking profits.
A more conservative approach will be to wait for break and retest of that hourly counter-trendline.
Either way, the trend is down
Heading into pullback resistance?The Loonie (USD/CAD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 61.8% Fibonacci retracement.
Pivot: 1.4389
1st Support: 1.3951
1st Resistance: 1.4505
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new value area high to start Mondaynew value area high to start Monday
my personal opinion is development towards resolution likely near,
but still need wait catalyst
upon resolution news published, a short may be entered due to this exhaustive move from this last momentum wave
EURO may be a better bet for more conservative entries
information created and published doesn't constitute investment advice!
NOT financial advice
USD/CAD Rejection Trade Setup – Short from Supply Zone with RisiTimeframe: 30 Minutes (M30)
Indicators:
EMA 30 (Red): 1.41932
EMA 200 (Blue): 1.42196
🧠 Trade Setup: Potential Short Opportunity
📍 Current Price: 1.42252
📌 Key Levels:
Entry Point (Supply Zone): 1.42582
Strong resistance zone, overlapping with EMA 200 and a previous consolidation zone.
Price has entered a rising wedge pattern—a potential bearish reversal signal.
Stop Loss: 1.42987
Placed just above the supply zone to avoid premature exit due to a false breakout.
Take Profit (EA Target Point): 1.40379
Aligns with previous demand zone, solid support level.
⚖️ Risk-to-Reward Breakdown:
Risk: ~335 pips
Reward: ~2047 pips
R:R Ratio: ~1:6 — Excellent risk-to-reward ratio for a swing short.
USDCAD TRADE SETUPWait for retest the entry level then take trade for Sell otherwise skip this setup
Potential bearish drop?USD/CAD is reacting off the resistance level which is a pullback resistance that is slightly below the 61.8% Fibonacci retracement.
Entry: 1.4250
Why we like it:
There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement.
Stop loss: 1.4335
Why we like it:
There is a pullback resistance level that lines up with the 71% Fibonacci retracement.
Take profit: 1.4061
Why we like it:
There is a pullback support level.
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USDCAD - Hunting for Bullish Entries?The USD/CAD pair has experienced a notable correction from the 1.4400 resistance level, with price currently being at the 1.4215 area. If a correction happens like the one highlighted by the arrows, traders may find an attractive buying opportunity on smaller timeframes, aligning with the larger bullish trend that's been in place since February. The recent pullback could provide an ideal entry for those looking to capitalize on the prevailing uptrend, targeting a potential move back toward the orange horizontal resistance at 1.4400. However, caution is warranted – should price sharply break below the blue support box with conviction, the bullish thesis would be invalidated, suggesting instead a strategy of selling any minor retracements as the pair could then accelerate to the downside. This critical juncture demands close monitoring of price action for confirmation of either scenario in the coming sessions.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USDCAD, Bearish Bias, Fundamentally and TechnicallyFundamental Analysis
1. Endogenous and Exogenous factors indicates bearish trend in USDCAD.
2.USD is getting weaker in previous months while CAD is stronger
3. Seasonality also shoes bullish trend in CAD in April and Bearish in USD
4. COT report of USD indicates continuous reduction in long positions by NON-COM
5. Sentiments of USD and CAD are both bearish due to Tariffs but CAD will improve in coming days.
Technical Analysis.
1. Weekly chart shows Bearish RSI divergence with consolidation Box
2. Daily chart shows breakdown of consolidation box with Head and Shoulder pattern with retracement/retest
3. Entry of short sell in 2 parts
i. Enter at current price with 1% risk
ii. Enter at 1.43769
4. Stoploss above right shoulder 1.45597
5. Initial target at weekly support 1.39497
USD_CAD SHORT SIGNAL|
✅USD_CAD is going up now
But a strong resistance level is ahead
Thus I am expecting a pullback
And a move down so we can
Enter a short trade with the
TP of 1.4171 and the SL of 1.4280
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
