EURUSD BuysWe have reached a HTF support level. On the lower timeframe we have a double bottom with a bullish engulfing candle giving us the confluence needed to enter the trade.
USDCAD trade ideas
USDCAD is Nearing The Daily Trend!!Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.36950 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.36950 support and resistance area.
Trade safe, Joe.
USDCAD POTENTIAL LONG OPPORTUNITY...HISTORY REPEATS ITSELFHey hey TradingView fam! It has been a minute (more like months lol) since I've done a post on here for you guys so just wanted to come on and drop an potential swing trade opportunity I see on the USDCAD currency pair! So let's get straight to it
OK so it is pretty straight forward (at least in my eyes) but as you can see on the chart USDCAD is coming into a weekly demand zone. IF you are unfamiliar with what a "demand zone" is it is actually very simple. Think of it this way...a buyer zone/area. Literally simple as that. It is a previous zone that a buyer was interested in before. How do we know that? One of the most incredible thing about the charts is that it is like a receipt. It shows the transactions that have taken place.
SO...when we look left back @ the 1.3600 price handle we can see that there was aggressive buying that took place here. How do we know? THE CHART LITERALLY ROSE/SKYROCKETED FROM THIS LEVEL. Ever heard of the phrase history repeats itself? It is ESPECIALLY true in the markets!
OK so hopefully you guys got some nuggets from this post was more of a psychological breakdown than anything but truly want to help those of you who may see the charts as this complicated phenomena to realize that it is actually so so simple. And my main goal is to make trading simple again.
Love & appreciate you all! Thanks for tuning in! If you found some value in this please boost this post & follow my page for accurate analysis and simple trading! Cheers!
USD/CAD SHORT FROM RESISTANCE
Hello, Friends!
USD/CAD is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 1.361.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
usdcad short to 1.35687stuck in a 1 day downstrend channel since early Februrary
trading at high range of PDH
PD range of 143 pips, expecting more retracement
USDCAD Breakout from Parallel Channel | Bullish Move Ahead?USD/CAD has just broken out of a well-respected downward parallel channel, signaling a potential trend reversal. We saw a strong bullish impulse that pushed price above the channel resistance and now appears to be consolidating just above it.
🔍 What to Watch For:
Pullback Opportunity: Price may retest the breakout zone (~1.3640–1.3660). This zone could act as new support, providing a good entry point for buyers.
Upside Target: The next major resistance sits near 1.38542, offering a potential move of over 180+ pips from current levels.
Momentum: Bullish momentum is strong, suggesting a high probability of continuation after a healthy pullback.
📈 Bullish Bias remains intact as long as price holds above the breakout zone.
📉 If price drops back inside the channel, reevaluation of the bullish outlook will be needed.
🔔 Trade Idea: Look for long opportunities on a successful retest with confirmation (bullish candlestick or volume surge).
💬 What are your thoughts on this breakout? Are you long on USD/CAD or waiting for confirmation? Let me know in the comments! 👇
USD/CAD mid-term shift?The rise in the US Dollar Index has led to a rebound against several currencies such as the Canadian dollar, the euro, and the Japanese yen, shifting the medium-term bearish trend into a bullish one. One of the pairs that could benefit from the USD’s strength is the USD/CAD.
After the USD/CAD pair recorded a new high by breaking the last lower high, the recent pullback is considered a correction within the upward trend. The price is likely to rise from the 1.35725 level toward the 1.36567 target.
However, a drop below the 1.35397 level and a 4-hour candle closing beneath it would invalidate the bullish scenario.
Note:
This pair is trading in a general downtrend on the daily timeframe. However, the above analysis is specifically based on the 4-hour chart for the medium-to-short-term outlook.
Markets are also closely watching the Federal Reserve meeting later today, as its outcome will have a direct impact on all USD-related currency pairs.
USDCAD H4 I Bullish Bounce Off the supportBased on the H4 chart analysis, the price is falling toward our buy entry level at 1.3600, a pullback support that aligns with the 61.8% Fib retracement.
Our take profit is set at 1.3703, a pullback resistance.
The stop loss is placed at 1.3500, a swing low
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USD/CAD)) Bearish Trand analysis Read The captionSMC trading point update
Technical analysis of USD/CAD on the 3-hour timeframe, using Smart Money Concepts (SMC) and classic technical analysis. Here's a breakdown
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Key Technical Insights:
Overall Trend:
The pair is in a clear downtrend, confirmed by:
Lower highs and lower lows
Price trading below the 200 EMA (currently at 1.37402)
Respect for the downtrend channel
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Resistance Zones:
1. Upper Resistance Zone (~1.38400 – 1.38750):
Strong historical sell area (price sharply reversed here in late May)
2. Mid Resistance Zone (~1.36450 – 1.36750):
Price reacted twice here and dropped.
Aligns with the downtrend line and was recently tested again (red arrow).
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Bearish Projections:
After the latest pullback into the resistance zone, price is expected to:
Reject the zone
Continue following the descending structure
Target marked around 1.35034, which coincides with:
Previous low
Lower boundary of the descending channel
Mr SMC Trading point
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Chart Tools & Features Used:
Trendlines: Clearly marking the downtrend channel
200 EMA: Used as dynamic resistance
Fib-like measured move: Mirrored previous impulse moves (-1.61%) suggesting a symmetric drop
Arrows: Indicating reaction points from resistance
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Conclusion:
Bias: Bearish
Invalidation: Break and hold above 1.36500 would weaken the bearish outlook.
Next Move: Potential sell setups on lower timeframe retests or bearish confirmations within the resistance zone.
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USD/CAD) Bearish trand analysis Read The captionSMC trading point update
Technical analysis of USD/CAD on the 3-hour timeframe reflects a bearish market outlook. Here’s a breakdown of the idea:
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Trend Overview:
The pair is in a clear downtrend, confirmed by:
Lower highs and lower lows
Price trading below the 200 EMA
A bearish flag pattern in play
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Key Zones & Levels:
1. Resistance Zones (Yellow boxes):
Upper zone (~1.3835 area): Previously tested and rejected (marked by the red arrow).
Mid-zone (~1.3745 area): Labeled as a resistance level, previously support turned resistance.
2. Support Zone:
The price is heading toward a projected target point at ~1.35584, which aligns with previous support.
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Bearish Confirmation:
The price attempted a retracement but failed to break above the resistance level.
The structure shows a bearish continuation pattern, suggesting a move downward is likely.
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Indicators:
RSI (Relative Strength Index):
Currently near 37, not oversold yet, but suggests bearish momentum is still strong.
Also shows slight bearish divergence (lower highs on RSI while price was consolidating).
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Projection/Trade Idea:
Scenario: Break and retest of the current level (~1.3679), with a continuation to the target at 1.35584.
Risk Areas: Any break above 1.3745 could invalidate the setup.
Confirmation: A clean bearish candle below the minor support could confirm entry for short sellers.
Mr SMC Trading point
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Summary:
This is a supply-and-demand + structure-based bearish setup. The market is showing weakness below resistance, and the next logical target is 1.35584, barring any macroeconomic reversal (e.g., USD or CAD news).
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USD/CAD H1 | Potential bounce off an overlap supportUSD/CAD is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 1.3686 which is an overlap support that aligns with the 50% Fibonacci retracement.
Stop loss is at 1.3633 which is a level that lies underneath anoverlap support and the 50% Fibonacci retracement.
Take profit is at 1.3738 which is a swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USDCAD SWING TRADE LONG IDEA - MASSIVE BULLISH MOVE COMING?OANDA:USDCAD USDCAD has given a massive bullish break of structure on 4 Hour time frame after tapping to a strong key level on weekly time frame that is serving as support.
Now am bullish on USDCAD for a weekly income swing trading moves.
All I need right now to enter for a long to ride the move is a pull back to key level of support like old highs or imbalance levels.
That is when I will take a bullish long trade on USDCAD.
This is my A+ Trading Setup.
What do you see on your chart?
USD/cad TRADE 2 even tho i belive this to be in a down trend i still belive a reversal for next couple days is in order i would say wait for in to retrace to a higher level of interest to get in on a short but advanced traders will be waiting for the jump, i have marked the arrows to show u what i belive to happen but a engulfing pattern has already come out, i so i belive this is going to have a little bullish run to then continue on the bearish movment
Bearish continuation?USD/CAD has rejected off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 1.3595
Why we like it:
There is a pullback resistance level.
Stop loss: 1.3644
Why we like it:
There is an overlap resistance level that aligns with the 50% Fibonacci retracement.
Take profit: 1.3545
Why we like it:
There is a support level at the 100% and the 78.6% Fibonacci projection.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
USDCAD 15 MINUTEYour chart on USD/CAD (15-minute timeframe) clearly shows a bearish breakdown from the ascending trendline, and here’s a quick analysis based on what you’ve marked:
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📉 Technical Breakdown
🔻 Trendline Broken: Price has broken below the ascending trendline, indicating loss of bullish momentum.
🧱 Register Support (turned resistance): Price rejected after testing this area – confirms a bearish flip.
🧭 Support Zone (gray box): Price is currently testing this level. If it breaks below, continuation to TP is likely.
🎯 Target TP: Marked around 1.3625–1.3630, showing good confluence with prior swing lows.
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✅ Bearish Bias Confirmation
This looks like a textbook setup:
Break of trendline ✅
Retest of broken support (now resistance) ✅
USDCAD may hit bottom amid DXY declineThe dollar is weakening. Against this background, the Canadian dollar is strengthening, which puts pressure on the price of the currency pair.
The key support is 1.3566. Breakdown of the level will strengthen the sell-off
The price is descending by “steps”. Consolidation - distribution, consolidation - distribution.
From the current range of 1.365 - 1.3566 I expect the same thing: downward momentum.
Scenario: consolidation and price sticking to 1.3566, decrease in volatility and squeeze to the urvon may lead to a breakdown and a fall.
USDCAD - Bullish Story: Strong Bullish rally from previous - Market make a corrective move till 0.382 level of FIB and followed by Bullish Flag pattern.
Anticipate : we anticipate market to continue the bullish trend and we plan our entry on the breakout of flag neck line.
PLAN : entry point is break of neckline level, TPs will be as projected through Pole of FLAG.
fomc or fomo?? can trump keep rate down or will powell win? fomc or fomo??
can trump keep rate down or will powell win?
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USDCAD - Scalping in the deepHello dear scalpers, this is our next little scalping setup...
With a ratio of 1.14 ^^
I think this will be a nice position in this downtrend situation.
USD/CAD: Signs of a bottom as bulls fight backTuesday’s bullish move in USD/CAD has delivered a signal often seen at bottoms, taking out several key technical resistance levels in the process, including the December 2023 uptrend. With bearish momentum starting to reverse, upside risks look to be building.
Those in the market for a long setup could initiate positions around these levels with a stop beneath 1.3650 for protection. Tuesday’s high of 1.3693 now stands as an important near-term level. A break above opens the door to the June 10 high at 1.3728 as one potential target, along with 1.3750.
If either level is hit, reevaluate whether to hold, cut or reverse, given the setup runs counter to the broader trend.
Good luck!
DS
USDCAD - Strong SellStrong Sell under 200 moving average and 100 moving average. OIL prices will rise due to middle east conflict. Which will increase the price of CAD expecting around .74 cents or higher with full support.
BUY USDCADIn todays session we are anticipating a bullish dollar. Our entry for buys on USDCAD are at 1.35728 our targets are 1.36484 and stops below 1.35535. Use proper risk management. Stay safe
