UC UpdateGiven that forex prices often reflect all known information, the technical bearish trend appears to outweigh the mixed fundamental signals and unclear sentiment in the short term. Absent major news or data releases in the next few days (which are unknown here), the recent momentum suggests USD/CAD will continue its downward trajectory from its current range (likely around 1.42-1.44 based on late March levels).Therefore, I expect USD/CAD to move lower in the next few days
USDCAD trade ideas
Bullish bounce?USD/CAD is reacting off the support level which is a pullback support that line sup with the 61.8% Fibonacci retracement and could rise from this level to our take profit.
Entry: 1.4328
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 1.4283
Why we like it:
There is a pullback support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 1.4375
Why we like it:
There is a pullback resistance level that line sup with the 61.8% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
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 Analysis Today: Technical and Order Flow Analysis !In this video I will be sharing my USDCAD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
USD/CAD Pulls Back After Hitting 1.4400FenzoFx— The USD/CAD pair hit 1.4400 but lost momentum, pulling back from resistance. Technically, USD/CAD may dip toward the 50-period SMA near 1.4330 before resuming its uptrend.
However, if USD/CAD drops below 1.4330, the bearish momentum may extend to the 1.4250 support, invalidating the bullish outlook.
Tue 1st Apr 2025 Daily Forex Charts: 4x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 4x new trade setups this morning. As usual, you can read my notes on the charts for my thoughts on these setups. The trades being a CAD/JPY Sell, GBP/CAD Buy, EUR/AUD Buy & a USD/CAD Buy. I also discuss some trade management. Enjoy the day all. Cheers. Jim
USD/CAD breaks out of falling wedgeUSD/CAD closed higher for a fourth day on Monday, on the even of Trump's liberation day. It also accelerated away from its 50-day EMA after establishing support around its 100-day EMA last week.
This has also seen USD/CAD break trend resistance, and a falling wedge pattern now appears to be in play. This suggests an upside target near the 1.4550 cycle highs.
Bulls could seek dips towards the 50-day EMA and retain a bullish bias while prices remain above last week's low.
Matt Simpson, Market Analyst at City Index and Forex.com
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
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?
USD/CAD rejection of lower pricesOn USD/CAD , it's nice to see a strong buying reaction at the price of 1.42520.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
Rejection of lower prices and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
USDCAD -Weekly Forecast,Technical Analysis & Trading Ideas
Technical analysis is on the chart!
No description needed!
OANDA:USDCAD
________________________________________________________________
❤️ If you find this helpful and want more FREE forecasts in TradingView,
. . . . . . . . Hit the 'BOOST' button 👍
. . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?)
🙏 Your support is appreciated!
Now, it's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Have a successful week,
ForecastCity Support Team
It looks like a wedge!If you're not a chartist, then see it as a liquidity grab at the marked red dot.
We probably still have another 100 pips of leverage left, maybe more!
Remember that a crowded area is a liquidity-starved area.
Don't forget that patience pays off!
Apply your own strategy to find the entry, or here's a little setup; that's what I'm waiting for.
Keep It Simple!
Don't forget to follow me.
USDCAD: Price Action & Swing Analysis
The analysis of the USDCAD chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
❤️ Please, support our work with like & comment! ❤️
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).
USDCAD Will Go Higher! Long!
Take a look at our analysis for USDCAD.
Time Frame: 7h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.434.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.444 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.
Like and subscribe and comment my ideas if you enjoy them!
USDCAD-bias long Bullish indications:
daily : trend line resistance broken .
made a new high.
formed IHS in 4 hr
PHigh is broken at the exact right point where the trend line resistance . it makes a support zone now .IHS formed again in 1 hr is a confirmed confluence
take long .
30 min: One more IHS formation which indicates strong bull trend here.
Bearish indications:
5 min bearish divergence.
Trade plan bias long @ 1.4331
SL:1.4296
TP1:1.4366
TP2:1.4401
Long trade
Pair USDCAD
Buyside trade
Mon 31st March 25
5.00 pm (NY Time)
NY Session PM
Structure - (Day)
Entry 4Ht TF
Entry 1.43382
Profit level 1.47241 (2.69%)
Stop level 1.42525 (0.60%)
RR 4.5
Buyside trade idea:
Reason: Break of channel to the upside
Indicators: WMA (100) EMA (50) observed as additional bias