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USDCAD trade ideas

USD/CAD(20250409)Today's AnalysisMarket news: The U.S. Customs and Border Protection Agency reiterated that the specific tax rates for each country will be announced at 12:01 a.m. on April 9. Technical analysis: Today's buying and selling boundaries: 1.4227 Support and resistance levels: 1.4353 1.4306 1.4275 1.4178 1.4147 1.4100 Trading strategy: If the price breaks through 1.4275, consider buying, the first target price is 1.4306 If the price breaks through 1.4227, consider selling, the first target price is 1.4178
by BraveTigercat
USD/CAD Bearish Setup: Trendline Rejection & Supply Zone Trade📉 Trendline & Market Structure 🔵 Descending Trendline: The price has respected this trendline multiple times (🔴 red dots mark rejection points). This confirms a bearish structure. 📦 Supply Zone (Sell Area) 🟦 Blue Zone (Supply Zone): This is a strong resistance area where sellers may push the price down. 🚀 Price Rejected Here: Market reaction suggests potential bearish momentum. ⚠️ Stop Loss & Target 🎯 ❌ Stop Loss (1.42308): If the price breaks above, the bearish setup is invalid. 🎯 Target (1.40437): Marked with a blue arrow 📉 indicating a downward move. ✅ Trade Plan 🔽 Sell Entry: Inside the supply zone 🛑 Stop Loss: Above the supply zone 🎯 Take Profit: At the lower blue level This setup suggests a high-risk reward ratio favoring short positions. 📊 Keep an eye on the trendline and market reaction!
Short
by Jameshead007
1
USDCAD Technical and COT AnalysisOur analysis is based on multi-timeframe top-down analysis & fundamental analysis. Based on our view the price will fall to the monthly level. DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you. Please support our analysis with a like or comment! Let’s master the market together. Please share your thoughts and encourage us to do more by liking this idea.
Short
by dkb14246
3
Potential Sell (1H Scalp)Here's my 3 point confluence analysis.. I could be wrong so any additional tips on the comments are welcomed 1. USDCAD was on a small uptrend until it broke the trendline then consolidated sideways. 2. After breaking the trendline a reversal pin bar has formed indicating a downward but this wasn't enough to support the idea 3. after a sell order block formed followed by two FVG I'm confident that it set to move the previous low or to the discount area. -------------------------------------------- Entry strategy (Enter on Pullback) -------------------------------------------- Since the stochastics indicator on the hourly is showing it is oversold my TRADE ENTRY is a pull back into the red oderblock & wait for stochastic indicator to be overbought to enter or a rejection of the orderblock note: the trade could just keep going down without doing a pullback
Short
by PengyTrades
Bearish drop off 61.8% Fibonacci resistance?The Loonie (USD/CAD) has rejected off the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as a pullback support. Pivot: 1.4275 1st Support" 1.4061 1st Resistance: 1.4402 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