USD correlation short As the correlation is saying short for USD any Pull back and long entry will be up for the eurusd,GBPusd ,AUDUSD and short for USDCAD
USDCAD trade ideas
AUDUSD: Another 300+ Pips In Making, Use Proper Risk Management AUDUSD price has broken through the bearish inducement and currently on the way to make another high. Strong bullish presence is likely to pressure the price to create another high. Use accurate risk management.
XAUUSD: $3100 is the next target, Get Ready For the Big Move!Gold is currently making a small correction and looking at how the price is behaved. We are expecting how the price is likely to develop next. Use accurate risk management.
USDCAD wait for a corrective structure before you sellFor USDCAD, looks like market will give us a correction before the drop, you can skip the correction and wait for the sell setup after the completion of the correction
USDCAD Strong Bearish Breakout!
HI,Traders !
USD-CAD keeps going down
After the strong bearish
Breakout of the key horizontal
Level of 1.42823 which is
Now a resistance and as
We are bearish biased we will
Be expecting a further
Bearish move down!
Comment and subscribe to help us grow !
USDCAD BearishUSDCAD retraced from 2020 High, and likely to continue to dive deeper.
1.3950 likely to be supported, at a 1.54 RR.
USD/CAD Testing Trendline Support Before Continuing BullishOn the USD/CAD 5D time frame chart, the price is currently experiencing a significant decline after reaching the resistance area around 1.46721. This pullback remains within the context of a long-term uptrend, as indicated by the ascending trendline, which has repeatedly acted as support since 2021.
The primary scenario in this analysis suggests that the price could retest the support area around the ascending trendline and the previous breakout zone (blue area), located in the 1.38 - 1.39 range. If the price finds strong support in this area and shows signs of reversal, a buy opportunity can be considered, with an upside target back to the 1.46721 resistance level.
In this analysis process, several confirmations should be observed before making an entry decision:
Price Reaction at Trendline Support – If the price shows a strong bounce at this level, the bullish scenario remains valid.
Reversal Candlestick Confirmation – Patterns like bullish engulfing or pin bars can serve as reliable entry signals.
On the other hand, if the price breaks below the trendline significantly, this bullish scenario may become invalid, and USD/CAD could enter a deeper correction phase. Therefore, risk management is crucial, with an ideal stop loss placed below the trendline support.
USDCAD Bearish scenarioWe can clearly see the consolidation on weekly chart.
Past 2 weeks we realy show selling presure.
That for me is confirmation that we will go down more.
The play is long term 1-2 yeras but can't beas easy as that.
So, trade safe!
USDCAD SELL SETUPPrice finally broke the ranging structure. We'll be looking for another opportunity to go short on the pull back!
USDCAD USDCAD quick pullback on Usdcad still on a bearish trend at the moment I do see a continuation on the bearish there is just a minor correction that needs to some on the upside before the continuation keeps going.
USDCAD – looking for value to go short .. the week of 17 FebAs per my analysis, we are seeing a weak USD across all major and minor currency pairs on the weekly and daily time frames. Which pair to trade will probably become clearer on Mon, but for now I am looking at USDCAD.
Yes, that huge spike up gap is confusing, but that gap was quickly filled. If I just ignore that gap, the picture becomes clearer; now I find that the price action this entire year was in a range between 1.4468 and 1.4280. This range narrowed considerably to the lower part of the range (see the yellow box) and this led to my bearish bias. On Thu last week, price actually broke down (below the range). It could attempt a pull back to the area I have marked in green. This area is significant, it has acted as support multiple times. I also see that the bearish candles have started becoming larger and I feel that the bears are taking control of this market. If price does pullback to my zone, we could have a good trade location.
Given the scenario I described, I would take a short position, with stop around 1.4350 and initial target at the support near 1.4180. If the downtrend continues with momentum, I will consider extending my trade to a secondary target near 1.3950.
This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
USDCAD 2/17 - 2/21Looking towards the left side on the daily timeframe we can see that price has bounced off of a major level of resistance. Zooming into the smaller timeframe on the right side (hour) we can see that price has started to slow down/forming bullish divergence. Could possibly be a nice catch towards the upside.
Weekly USDCAD Short - Wyckoff Upthrust & a triple topAfter the second week closed below the highest bar that poked the previous high we have a strong confirmation to short this Upthrust to the downside. The Poke bar on its own is a sizable one. Our final target is the downside of this range. We also have a Triple Top bearing. On the monthly chart, we are coming from a big downtrend although, on the weekly chart, we can say this is a countertrend trade - we bet that we are in a range at the moment.
Giving and option for take profit target and a final one.
That will be a fairly long trade if it works out properly.
USDCAD: 1200+ Pips Swing Move, Comment Your View.Dear Traders,
Hope you are doing great we have an excellent selling opportunity coming up. We expect price to reverse from the designed area where we think price will react since dxy is likely to drop heavy.
Like and comment to show support
#USDCAD:Swing Sell Possibly Worth 980+ Pips? Dear Traders,
We are approaching a strong bearish hold where we estimate price to reverse from depending on how market treat DXY in coming weeks. Please use accurate risk management.
Silver Breaks Key Level: Set to Outperform Gold?Silver prices breach major level and could be set to outperform gold as the dollar weakens.
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USDCAD INTRADAY loss of important supportThe USDCAD currency pair intraday sentiment appears bearish, supported by the confirmed loss of support of the longer-term sideways consolidation trading range. However, since the spike caused by the possible tariff announcement on 03rd February 2024, the USDCAD price action is displaying signs of bearish behaviour. The increase in optimism over the Russia and Ukraine truce triggers the price action. The USD currency remains strong based on the expectation that the Fed will hold interest rates at the current levels for longer. On the other hand, the market expectation for BoC is to continue gradually reducing the interest rates further.
The key trading level is at 1.4260. An oversold rally from the current level and a bearish rejection at 1.4260 level could target additional downside support at 1.4150 followed by the 1. 4100 and 1.4025 levels over the longer timeframe.
Alternatively, an oversold rally from the current levels and a confirmed breakout above 1.4260 resistance and a daily close above that level would negate the bearish outlook opening the way for a further rally and a retest of 1.4300 resistance followed by 1.4350 and 1.4400 levels.
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.
USDCAD H4 ShortThe price has passed the support level. We can wait for a return to the level and enter on the lower TF. Or open on the market.
USDCAD (Bearish)USD hit its monthly Supply & resistance zone against CAD finally, as we predicted this probability previously with our students. Now I expect to follow this pattern at least till we reach a demand level. Great for other assets to perform against dollar.
USD/CAD Retest Nearing Completion, Strong Bullish Wave Incoming USD/CAD is trading at approximately 1.4170.Our target price of 1.8000 suggests an anticipated upward movement of over 38,000 pips, indicating a highly bullish outlook. You note that the pair is completing a retesting period, potentially leading to a strong bullish wave.
Technical analysis indicates that USD/CAD has been consolidating around recent highs, with the market awaiting key economic data to determine its next direction. A significant support level to monitor is 1.3950; a break below this level could shift the bias from bullish to bearish. Conversely, maintaining support above this level may reinforce the bullish scenario.
Fundamentally, the Canadian dollar has recently strengthened, reaching a two-month high against the U.S. dollar. This appreciation was driven by a decrease in U.S. bond yields and positive Canadian labor market data, including a drop in the unemployment rate to 6.6% and the addition of 76,000 new jobs in January 2025. These factors have eased concerns about an economic slowdown in Canada.
In summary, while the USD/CAD pair is currently exhibiting consolidation, the completion of the retesting period could lead to a strong bullish wave toward your target price. Traders should closely monitor key support levels and upcoming economic data releases to make informed decisions.
USDCAD (4H) - Bearish Break of Consolidation ZoneOANDA:USDCAD
📶Technical Analysis:
Weekly Chart:
🟠 Price is in a long-term bullish trend, confirmed by a trendline formed since 2021 and 3 MAs aligned bullish.
🟡 Price tested major resistance at 1.4600-1.4700, which was previously tested in 2016 and 2020.
🟢 Strong pullback after testing resistance, indicating a potential bearish reversal pattern.
Daily Chart:
🟢 Strong bearish candle on the daily chart confirms that the weekly resistance holds.
🟡 Price volatility influenced by Trump's tariff decision.
🟢 The bearish momentum on the daily chart confirms the trend reversal from bullish to bearish.
🔴 The next strong support is around 1.3900, where the price has failed to break five times.
4H Chart:
🟡 Price has been consolidating since Dec 2024 between 1.4450 (resistance) and 1.4300 (support).
🟡 Price initially broke above the range due to tariff news but quickly returned to the consolidation zone.
🟢 Strong bearish candle broke through the lower support at 1.43, signaling potential bearish continuation.
🟢 The break of support suggests a bearish outlook, with the next targets near 1.3900.
🟢 The Moving Averages (MAs) are crossing, indicating a potential shift to a bearish trend.
🔤 Summary:
🟡 Waiting for a retest of the broken 1.43 support level to confirm the bearish trend continuation.
🟡 Expecting a correction in the bearish trend with the formation of additional signal candles that confirm the bearish momentum after the retracement.
🟡 Watch for the formation of bearish candles after the correction, either near the broken support level or EMA levels for confirmation before entering the bearish trade.
market totally forgot trump's first term or what?market totally forgot trump's first term or what?
wick lows setups at key levels
track the news
The macro case is building for this Friday. Great spikes to play at the zones identified.
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Not as refined as our direct trade setups. More for advanced active traders.
information created and published doesn't constitute investment advice!
NOT financial advice
USDCAD - BEARISH SCENARIOHello Traders !
The USDCAD failed to break the resistance level (1.45957 - 1.46900).
Currently, The price is trading in the support level (1.43100 - 1.42610).
So, Let's expect the bearish scenario :
if the market breaks the support level and closes below that,
We will see a huge bearish move📉
__________
TARGET: 1.41100🎯
