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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

USD/CAD "The Loonie" Forex Bank Heist Plan (Swing/Day)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑💰✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the USD/CAD "The Loonie" Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Pink MA Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bearish loot at any price - the heist is on! however I advise to Place sell limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level for Pullback entries. Stop Loss 🛑: 📌Thief SL placed at the nearest/swing High or Low level Using the 4H timeframe (1.40500) 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 🎯: 1.36000 (or) Escape Before the Target USD/CAD "The Loonie" Forex Market Heist Plan (Day / Swing Trade) is currently experiencing a Bearish trend.., driven by several key factors.👇👇👇 📰🗞️Get & Read the Fundamental, Macro, COT Report, Geopolitical and News Analysis, Sentimental Outlook, Intermarket Analysis, Index-Specific Analysis, Positioning and 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 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Short
by Thief_Trader
After a huge move, USD/CAD may be due to reboundUSD/CAD has strengthened significantly over the past few days as markets have been shaken by President Trump’s new trade war with Canada and the rest of the world. That said, USD/CAD may be due for a pause in its recent rally and could consolidate somewhat, having reached some key technical indicators and support levels. The loonie’s relative strength index fell to 29, while USD/CAD dropped below the lower Bollinger Band at CA$1.387. This magnitude of movement suggests that USD/CAD is currently oversold and may be due for either a short-term rebound or a period of sideways consolidation. The pair could also bounce back towards resistance at CA$1.416 or the 20-day moving average at CA$1.421. However, if USD/CAD breaks support at CA$1.3870, it could signal that further strengthening lies ahead, with the potential to drop towards CA$1.359, which served as an important area of support and resistance between December 2023 and October 2024. USD/CAD could continue strengthening against the dollar; the greenback has weakened versus multiple currencies, and any pause in the dollar’s current downtrend may be short-lived, due to possible massive deleveraging out of the US and capital flow back to their nations of origin. Still, after such a significant move, USD/CAD seems potentially due for at least a short-term period of consolidation before the uptrend resumes. Written by Michael J Kramer, founder of Mott Capital Management Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.
by cmcmarkets
USDCAD 1 day time frame 📉 Overall Structure: Descending Channel The price is moving within a clearly defined descending channel, indicating a downtrend. Price is respecting both upper and lower boundaries of the channel, confirming strong bearish momentum. 📍 Key Levels: 🔻 Support Area (~1.3740–1.3800) Price is currently hovering near the bottom boundary of the channel and just above a marked support zone. Historically, this zone has triggered bullish reactions, making it a key level to watch for a potential bounce or reversal. 🔺 Resistance Area (~1.4150–1.4200) Marked in purple, this zone aligns with previous swing highs and structure, making it a significant resistance level. If price bounces from the current support, this is the first target area to watch. 📊 Volume Notice the increased red volume bars as the price moved lower – this confirms strong selling pressure. However, the recent candle shows a smaller body with lower volume, hinting at a potential exhaustion of sellers. 📉 RSI (Relative Strength Index) – Oversold RSI is at 29.47, which is below the 30 level – indicating the pair is oversold. When RSI dips this low, it often precedes a bounce or temporary bullish correction, especially if price is at a key support (which it is). ✅ Trade Idea / Potential Setup Bullish Reversal Setup Possible: The confluence of: Oversold RSI, Major support, Bottom of the descending channel, makes this a potential area for a long (buy) position. Target: Resistance area around 1.4150–1.4200 (2.5% gain). Stop-loss: Below the channel/support zone to limit risk. 🧠 Summary: USDCAD is in a downtrend but currently testing a major support area at the channel bottom. RSI is oversold, suggesting limited downside. Look for bullish confirmation (e.g., bullish engulfing candle or a break of short-term structure) before entering long.
Long
by Forexbeats
USDCAD INTRADAY bearish below 1.4060The USDCAD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 1.4060, which represents the current intraday swing low and the falling resistance trendline level. In the short term, an oversold rally from current levels, followed by a bearish rejection at the 1.4060 resistance, could lead to a downside move targeting support at 1.3825, with further potential declines to 1.3700 and 1.3540 over a longer timeframe. On the other hand, a confirmed breakout above the 1.4060 resistance level and a daily close above that mark would invalidate the bearish outlook. This scenario could pave the way for a continuation of the rally, aiming to retest the 1.4160 resistance, with a potential extension to 1.4270 levels. Conclusion: Currently, the USDCAD sentiment remains bearish, with the 1.4060 level acting as a pivotal resistance. Traders should watch for either a bearish rejection at this level or a breakout and daily close above it to determine the next directional move. Caution is advised until the price action confirms a clear break or rejection. 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
USD/CAD bears eyeing deeper downside flushUSD/CAD bears will be eyeing a meaningful downside flush with the pair breaking and closing beneath the 200-day moving average on Thursday, hitting fresh year-to-date lows in the process. The price now finds itself below 1.3947, the high set in August last year. The break may encourage others to join the bearish move, generating a setup where shorts could be established with a stop placed above the level for protection. 1.38115 screens as an initial target, with other minor levels such as 1.3748, 1.3700 and 1.3647 also in play. Momentum indicators favour retaining a bearish bias, with RSI (14) trending strongly lower but not yet oversold. MACD further bolsters the bearish signal. If the price were to reverse back above the 200DMA, the overall bearish bias would be invalidated. Good luck! DS
Short
by FOREXcom
Weekly Buy Trade Plan – USD/CAD (April 2025)This is a weekly timeframe bullish setup on USD/CAD, focusing on a high-probability buy opportunity based on key support structure and RSI dynamics. 🧠 Technical Outlook: Price has strongly rejected a major historical support zone around 1.37781 – 1.38800, highlighted by the green horizontal line. This level has acted as strong support multiple times in the past, making it a key demand zone for potential reversal. After a strong bearish leg, the current price action suggests exhaustion in selling pressure, indicating a likely bounce from this level. 💹 Why Long? Price is sitting right above the support zone, with buyers stepping in around the 1.38800 level. This area aligns with previous structure and is a likely zone where institutional buyers may accumulate. 📊 RSI Analysis: RSI (14) is at 39.99, entering the oversold territory and showing early signs of potential reversal. Although momentum is still bearish, this is where contrarian entries often occur—anticipating a bounce back toward midline (50+) or higher. ✅ Trade Setup Details: Entry: Around 1.38800 zone (current support zone) Stop Loss: Below 1.37781 (to protect against deeper correction) Take Profit: Targeting the 1.42000 – 1.43000 resistance zone Risk-Reward Ratio: Around 1:2.5 or better, offering a solid return potential if price rebounds ⚠️ Trade Management Tips: Watch for bullish confirmation candles on the daily or H4 for added confluence. Monitor USD and CAD fundamentals for short-term volatility (e.g., interest rate decisions, oil prices). Secure partial profits near 1.41000 and trail your stop.
Long
by The_Trading_G3ek
USDCAD Trendline Breakout Ready for a Long SellHello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
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