A Buy on USDCAD to 144400I'm drawing my conclusion on the USDCAD... Let's ride it to the 1.44400... 65/50 percent chance of the bulls taking over... Let's ride
USDCAD trade ideas
USDCAD On The Rise! BUY!
My dear friends,
Please, find my technical outlook for USDCAD below:
The instrument tests an important psychological level 1.4161
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.4266
Recommended Stop Loss - 1.4101
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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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WISH YOU ALL LUCK
USDCAD Ready to Fly SoonUSDCAD should see a massive rise soon. This is due to a bullish flag pattern which has formed on the daily chart. This should be a nice trade heading towards nfp release.
USDCAD INTRADAY rising support retestUSDCAD remains in a bullish trend, supported by the prevailing uptrend. The recent price action indicates a corrective pullback toward a key support zone.
Key Level: 1.4300
This level represents the previous consolidation range and serves as a crucial support area.
Bullish Scenario: A bounce from 1.4300 could reinforce the uptrend, with potential targets at 1.4370, followed by 1.4420 and 1.4490 over the longer term.
Bearish Scenario: A break below 1.4300 with a daily close under this level would weaken the bullish outlook, leading to further declines toward 1.4250, 1.4220, and 1.4180.
Conclusion:
USDCAD remains bullish unless it loses support at 1.4300. Traders should watch for a bounce or a breakdown at this level to determine the next move.
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.
USD/CAD Trend in Today's European and American Trading Sessions✍ ✍ ✍ USD/CAD news:
➡️ The USD/CAD pair continued its downtrend for the fourth consecutive day as selling pressure on the US dollar remained dominant.
➡️ Concerns that Trump's tariffs could lead to a US recession, prompting the Fed to cut interest rates, weighed on the greenback.
➡️ Meanwhile, overnight declines in crude oil prices weakened the Canadian dollar, providing some support to the pair.
➡️ Additionally, traders appeared hesitant to take fresh positions ahead of upcoming jobs reports from both the US and Canada.
Personal opinion:
➡️ The USD/CAD pair is showing signs of a bullish recovery after entering oversold territory. This bodes well for the pair.
➡️ In the long run, the trade war impact will lead to more risks for currencies like CAD. So this is still an advantage for the USD
➡️ Analysis based on important physical dimensions - support and Fibonacci combined with EMA and trend to come up with a suitable strategy
Plan:
🔆Setting up the price zone:
👉Buy USD/CAD 1.4110– 1.4100
❌SL: 1.3970 | ✅TP: 1.4160 – 1.4200
FM wishes you a successful trading day 💰💰💰
USD/CAD 30H ANALYSIS SELL SETUPSuggested Entry: 1.4315 (current price region aligns with minor resistance)
Target (TP) Levels
1. 1.4260 — First TP (initial support zone)
2. 1.4210 — Final TP (stronger support level)
Stop Loss (SL)1.43500
Suggested SL: 1.4355 (above recent highs and resistance zone)
Key Support & Resistance Levels
Resistance: 1.4355 / 1.4315
Support: 1.4260 / 1.4210
This structure aligns with your bearish bias (noted by the red arrow targeting lower zones). Ensure you monitor price action for confirmation before entering. Would you like a refined risk-reward ratio calculation?
U.S. CAN ratioCanada isn’t looking so hot right now. Maybe Doug Ford should keep his mouth shut. I’m seeing a 1.8:1 ratio coming up, which means almost two Canadian Dollars to one US Dollar. Watch. Canada will adopt the US dollar, and it’s not going to take that long.
SELLSLooking to take a sell here. I'm getting in a little early. my "Sells after closure" is due to taking out yesterdays lows. hoping for a push to take out to daily pivots
USDCAD potential bullish biasThis USDCAD potential bullish bias is likely to play out in a few hours.
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
correctionIt is expected that the upward trend will form until the resistance levels and the specified time frame. Then there is a possibility of a trend change.
USD/CAD "The Loonie" Forex Bank Heist Plan (Swing/Day)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
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Entry 📈 : "The heist is on! Wait for the MA breakout then make your move at (1.41400) - Bearish profits await!"
however I advise to Place sell stop orders above the Moving average (or) after the MA level Breakout Place sell limit orders within a 15 or 30 minute timeframe most NEAREST (or) SWING low or high level.
📌I strongly advise you to set an "alert (Alarm)" on your chart so you can see when the breakout entry occurs.
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📌Thief SL placed at the nearest/swing High or Low level Using the 1H timeframe (1.42800) Day/Swing trade basis.
📌SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 1.40000 (or) Escape Before the Target
🧲Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
💸💵USD/CAD "The Loonie" Forex Bank Heist Plan (Swing/Day Trade) is currently experiencing a bearishness,., driven by several key factors.👇
📰🗞️Get & Read the Fundamental, Macro, COT Report, Quantitative Analysis, Sentimental Outlook, Intermarket Analysis, Future trend targets.. go ahead to check 👉👉👉🔗
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
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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
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
USDCAD MIGHT DROP!Price just formed a falling wedge pattern. It’s a sign there’ll be a possible further decline In price to a support level of 1.40933 . A sell opportunity is envisaged upon breaking the lower board of the wedge pattern.
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.
Markets eye US, Canada job reports, US dollar steadiesThe Canadian dollar has taken a break after an impressive three-day rally, in which the currency climbed about 2%. In the European session, USD/CAD is trading at 1.4148, up 0.39%. On Thursday, the Canadian dollar touched 140.26, its strongest level since December.
The hottest financial news is understandably the wave of selling in the equity markets, but there are some key economic releases today as well. The US and Canada will both release the March employment report later today.
The US releases nonfarm payrolls, with the markets projecting a gain of 135 thousand, after a gain of 151 thousand in February. This would point to the US labor market cooling at a gradual pace, which suits the Federal Reserve just fine. The Fed will also be keeping a watchful eye on wage growth, which is expected to tick lower to 3.9% y/y from 4.0%. The unemployment rate is expected to hold at 4.1%.
The employment landscape is uncertain, with the DOGE layoffs and newly-announced tariffs expected to dampen wage growth in the coming months. Canada's employment is expected to improve slightly to 12 thousand, after a negligible gain of 1.1 thousand in February. Unemployment has been stubbornly high and is expected to inch up to 6.7% from 6.6%.
US President Donald Trump's tariff bombshell on Wednesday did not impose new tariffs on Canada, but trade tensions continue to escalate between the two allies. Canada said it would mirror the US stance and impose a 25% tariff on all vehicles imported from the US that do not comply with the US-Canada-Mexico-Canada free trade deal. The US has promised to respond to any new tariffs against the US, which could mean a tit-for-tat exchange of tariffs between Canada and the US.
USD/CAD has pushed above resistance at 1.4088 and 141.26. The next resistance line is 1.4170
1.4044 and 1.4006 are the next support levels
Markets eye US, Canada job reports, US dollar steadiesThe Canadian dollar has taken a break after an impressive three-day rally, in which the currency climbed about 2%. In the European session, USD/CAD is trading at 1.4148, up 0.39%. On Thursday, the Canadian dollar touched 140.26, its strongest level since December.
The hottest financial news is understandably the wave of selling in the equity markets, but there are some key economic releases today as well. The US and Canada will both release the March employment report later today.
The US releases nonfarm payrolls, with the markets projecting a gain of 135 thousand, after a gain of 151 thousand in February. This would point to the US labor market cooling at a gradual pace, which suits the Federal Reserve just fine. The Fed will also be keeping a watchful eye on wage growth, which is expected to tick lower to 3.9% y/y from 4.0%. The unemployment rate is expected to hold at 4.1%.
The employment landscape is uncertain, with the DOGE layoffs and newly-announced tariffs expected to dampen wage growth in the coming months.
Canada's employment is expected to improve slightly to 12 thousand, after a negligible gain of 1.1 thousand in February. Unemployment has been stubbornly high and is expected to inch up to 6.7% from 6.6%.
US President Donald Trump's tariff bombshell on Wednesday did not impose new tariffs on Canada, but trade tensions continue to escalate between the two allies. Canada said it would mirror the US stance and impose a 25% tariff on all vehicles imported from the US that do not comply with the US-Canada-Mexico-Canada free trade deal. The US has promised to respond to any new tariffs against the US, which could mean a tit-for-tat exchange of tariffs between Canada and the US.
USD/CAD has pushed above resistance at 1.4088 and 141.26. The next resistance line is 1.4170
1.4044 and 1.4006 are the next support levels
USDCAD Bullish MoveThere is a Bigger Structure on the D1 that we are expecting..lets enjoy the trade
Possibility of uptrend It is expected that a trend change will take place within the current support area and we will witness the start of an uptrend. If the price breaks through the support area and consolidates, a continuation of the downtrend is likely.
