USDCAD TRADE SETUPWait for retest the key level and bearish momentum then take a trade for Sell otherwise skip this setup
USDCAD trade ideas
USDCADWe are in down channel and the price now is near the upper line and show as a confirmation to go short to the next strong support
LR
#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.
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 - 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🎯
USDCAD sell 1.4255On the daily chart, USDCAD fell from a high level, and the short-term bearish trend is dominant. At present, you can pay attention to the resistance near 1.4255. If the rebound is blocked, you can consider shorting. The support below is around 1.4090. After breaking through, the support below is around 1.3930.
USDCAD H4 I Bullish Bounce Based on the H4 chart analysis, we can see that the price is currently at our buy entry at 1.4182, which is a pullback support.
Our take profit will be at 1.4260, which is a pullback resistance level.
The stop loss will be placed at 1.4118, below a swing low support level.
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Bullish bounce?USD/CAD is falling towards the support level which is a pullback support and could bounce from this level to our take profit.
Entry: 1.4176
Why we like it:
There is a pullback support level.
Stop loss: 1.4088
Why we like it:
There is a pullback support level.
Take profit: 1.4280
Why we like it:
There is a pullback resistance level.
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USDCAD-bias long Pair has showed inverted hammer in day time frame followed by the green candle in day time frame,Respecting the major support area multiple times indicates possible upward movement.1 hr : Inverted head and shoulder formed indicating bullish move ,Based on current structure and respecting fib level 0.382 from the base rally -it can go long .
Trade plan bias long @ 1.4298
SL:1.4277
TP1:1.4375
TP2:1.4336
Bearish : MA 200 in 30 m and 1 hr is still above the price , price may react and fall below if respected.
USDCAD: Bearish Movement Will Continue 🇺🇸🇨🇦
I think that USDCAD will continue falling soon in an attempt
to close the gap up opening.
Goal - 1.43
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USDCAD short/sellUSDCAD looks like a nice technical short. The CAD appears to be gaining strength and USDCAD is struggling to break higher.
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.
Check out our socials for some nice insights.
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Not as refined as our direct trade setups. More for advanced active traders.
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USD/CAD Price Forecast – Breakdown Confirmed! The USD/CAD pair has been in high consolidation, and the breakdown line has been successfully breached. This signals a strong bearish move ahead—it’s time to trade! 💰
📊 Technical Analysis
✅ 📉 Consolidation Breakdown – Price has broken key support
✅ 🔻 Bearish Confirmation – Momentum is building for further downside
✅ 📊 Trend Continuation – Market is following the structure
🎯 Target Levels:
📌 1.413 – First short-term target
📌 1.395 – Extended bearish move
📢 Trading Strategy:
🔹 Enter after confirmed breakdown with strong momentum
🔹 Follow the downtrend for potential profits 💰
🔹 Set stop-loss above the consolidation zone for risk management
📉 The market is setting up for a strong move—trade smart & maximize gains! 🚀
📌 Like, comment & follow for more updates! 🔔 🔥
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.
USDCAD → Consolidation before downward distributionFX:USDCAD is stuck in a range (consolidation) between 1.4486 and 1.428. The dollar has been showing negative momentum lately, but with NFP ahead, the data could both reinforce the correction and support the index...
All eyes are on today's economic news. If the actual NFP is below the forecast (169K), it will strengthen the expectations of the Fed rate cut.
At 15:00 the Fed's monetary policy report will be released, which may clarify the further course of the regulator.
If the NFP comes out weak, the dollar may sag and USDCAD may decline.
If the data is stronger than expected, the USD will strengthen, which will lift the USDCAD.
If the Fed hints at a rate cut, it may weaken the USD, supporting the CAD
Resistance levels: 1.4345, 1.4369
Support levels: 1.428
News is uncertainty, as it is impossible to determine the outcome of this situation in advance.
Technically, the currency pair looks weak due to the falling dollar. A break of the support at 1.428 may trigger further decline.
Regards R. Linda!
#USDCAD: Intraday Bearish ConfirmationUSDCAD has the potential to keep falling as it has been consolidating in a horizontal range on a 4-hour time frame after a significant downward movement.
The support of the range was recently broken, showing the strength of sellers and suggesting a likely continuation of the bearish trend.
I believe the pair could soon reach the 1.4215 level.
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.
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USDCAD BearishUSDCAD retraced from 2020 High, and likely to continue to dive deeper.
1.3950 likely to be supported, at a 1.54 RR.
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.
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!!
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