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USDCAD trade ideas

USD/CAD Bullish Setup: Key Support Holding for Potential Upside This chart represents a technical analysis of the USD/CAD currency pair on the 1-hour timeframe. Here's a breakdown of the key elements: Key Indicators & Levels: Exponential Moving Averages (EMA): 200 EMA (Blue Line): 1.43906 (Long-term trend indicator) 30 EMA (Red Line): 1.43859 (Short-term trend indicator) Support & Resistance Zones: Support Zone (Purple Area, Lower): Around 1.43658 Resistance Zone (Purple Area, Upper): Around 1.44500 Trade Setup: Entry Point: Near 1.43753 (Current Price) Stop Loss: Below 1.43658 (Red zone at 1.43158) Take Profit Target: 1.45425 - 1.45433 (Blue zone) Potential Trade Direction: The price is expected to bounce from the support zone and move upwards. A break above the resistance zone (~1.44500) would confirm bullish momentum. The projected target is 1.45425 - 1.45433. Conclusion: Bullish Outlook: If the price respects the support zone and breaks above 1.44500. Bearish Risk: If the price falls below 1.43658, the setup would be invalid. EMA Perspective: The price is fluctuating around the 200 EMA, suggesting a potential trend shift. Would you like a more detailed breakdown or any additional insights
Long
by EA_GOLD_MAN_COPY_TRADE
Bearish drop off pullback resistance?The Loonie (USD/CAD) has reacted off the pivot which has been identified as a pullback resistance and could drop to the 1st support. Pivot: 1.4475 1st Support: 1.4156 1st Resistance: 1.4736 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.
Short
by ICmarkets
4
CAD is feeling weak—maybe too many Tim Hortons runs?USD/CAD - Bullish Bias What's Up with CAD? BoC rate cuts have made CAD as soft as a maple syrup pancake (75bps already cut, more expected!). U.S. flexing its economy—higher GDP and labor market stability making the USD look like a gym bro. Trade risks—U.S. tariffs putting extra weight on CAD, dragging it down. Oil prices on a rollercoaster—falling oil = weaker CAD, pushing USD/CAD higher. (Canada loves oil money, so when oil dips, CAD trips.) Technical Setup (1H Timeframe) Support Level Holding Strong around 1.4370-1.4380—buyers stepping in like bouncers at a club. Resistance Wick at 1.4440-1.4450, where price got slapped down harder than a bad stock pick. FVG (Fair Value Gap) below support—price might tap it before liftoff. Moving Averages Drama: 50MA (pink) & 200MA (dark red) sandwiching price like a grilled cheese. 35SMAA (blue & green) showing short-term momentum.
Long
by FaithdrivenTrades
USDCAD Wave Analysis – 14 March 2025 - USDCAD reversed from key resistance level 1.4500 - Likely to fall to support level 1.4300 USDCAD currency pair recently reversed from the key resistance level 1.4500, which has been reversing the price since the middle of January. The resistance level 1.4500 was further strengthened by the intersecting upper daily Bollinger Band. Given the strength of the resistance level 1.4500 and the bearish US dollar sentiment seen today, USDCAD currency pair can be expected to fall to the next support level 1.4300.
Short
by FxProGlobal
USDCAD uptrend continuation supported at 1.4350The USD/CAD currency pair price action sentiment remains bullish, supported by the prevailing long-term uptrend. Recent intraday movements indicate a bullish breakout above the previous resistance level, which has now established itself as a new support zone. Key Levels and Price Action The primary trading level to watch is 1.4390, representing the previous consolidation range. A corrective pullback to this level, followed by a bullish rebound, could signal continued upward momentum. In this scenario, the pair may aim for upside resistance levels at 1.4487, 1.4530, and 1.4590 over the longer timeframe. However, if the 1.4390 support level fails to hold and there is a confirmed daily close below it, the bullish outlook would be invalidated. This breakdown could lead to a deeper retracement, targeting the 1.4350 support level, followed by 1.4310 and 1.4230. Conclusion The sentiment remains bullish as long as the 1.4390 support level holds, with potential upside targets at 1.4487, 1.4530, and 1.4590. A confirmed breakdown below 1.4390 would shift the outlook to bearish, signaling a potential move toward 1.4350, 1.4310, and 1.4230. Traders should closely monitor daily closing levels around the key support to gauge sentiment shifts and make informed trading decisions. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
Bullish bounce off pullback support?The Loonie (USD/CAD is falling towards the pivot and could bounce to the 1st resistance which is a pullback resistance. Pivot: 1.4398 1st Support: 1.4353 1st Resistance: 1.4472 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.
Long
by ICmarkets