USDCADI'm entering a buy position in USDCAD because a bullish divergence was previously formed, indicating potential upward momentum. I waited for a strong bullish candle to confirm the breakout of both the trendline and the resistance zone
USDCAD trade ideas
USD/CAD: Rebound Above 1.4265 or Imminent Drop?📊 Market Context
The USD/CAD exchange rate has shown recent volatility with a significant surge followed by a retracement phase. The market is reacting to expectations regarding decisions from the Federal Reserve and the Bank of Canada (BoC), as well as fluctuations in oil prices, a key factor for the Canadian dollar.
🔍 Technical Analysis
The chart analysis highlights the following key levels:
Main Resistance: 1.4521 → Located in the upper zone of the chart, this level could act as a barrier to further bullish movements.
Key Supports: 1.4333 - 1.4265 - 1.4239 → These levels have previously acted as bounce points and could provide a base for price recovery.
Market Structure: The price reacted with a strong green candle after testing the lower support area, followed by a correction phase.
Bullish Momentum: If the price holds above 1.4265, it could attempt another push towards 1.4521.
📌 Potential Bullish Scenario: If the price remains above 1.4265, we could see another push towards 1.45 and beyond.
📌 Bearish Scenario: A break below 1.4239 could trigger a sharper decline towards the 1.41 - 1.40 range.
🌍 Fundamental Analysis
Federal Reserve: The Fed is assessing the impact of its monetary policies, with markets speculating on a potential rate cut by mid-year.
Bank of Canada: The BoC maintains a cautious approach, monitoring inflation and the labor market.
Oil Prices: The CAD is correlated with oil prices, so an increase in crude oil could strengthen the Canadian dollar and push USD/CAD lower.
🎯 Conclusion
Main Bias: Bullish above 1.4265, targeting 1.45.
Trend Invalidation: Below 1.4239, a potential downward correction could occur.
usd cad Canada is a major oil exporter, meaning rising oil prices strengthen CAD (USD/CAD falls), and falling oil prices weaken CAD (USD/CAD rises)
bullish after breaking trend line making HH AND HLs also bullish divergence Stragty1 buy stop sl and tp
BOJ Rates remains constant @0.50%the BoJ rates remains constant @0.50% giving pound a fighting chance against the YEN .
Canadian dollar poised to strengthen against the US dollarUSD/CAD could strengthen over several trading sessions as it moves below an uptrend, with momentum, as measured by the relative strength index (RSI), turning negative. This could strengthen USD/CAD to around CA$1.415 from its current rate of CA$1.433.
USD/CAD has been unable to rise back above CA$1.45 despite multiple attempts since mid-February. The pair’s RSI is forming a bearish divergence pattern, suggesting that momentum no longer favors the Loonie, which continues to weaken against the US dollar.
The loonie also appears to be attempting to break below a short-term uptrend that began around 20 February. With that uptrend at risk, USD/CAD may decline in the coming days.
The hourly chart shows that the loonie has repeatedly attempted to break above CA$1.45 , with each effort failing — except for a move between 31 January and 3 February, which ultimately proved to be a failed breakout attempt. With the loonie showing signs of strengthening, USD/CAD could consolidate around support at CA$1.427, with the more critical and substantial support area around CA$1.415.
To the upside, a reversal higher in USD/CAD could face strong resistance around CA$1.45, as it has for months.
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.
USADCAD Target Flame ContinuesAs we Analysis previously in the video,USDCAD will continue trending up..Note that,the analysis is invalid when price break the Low at 1.42593..
Trading balanceThe price is currently in the resistance zone and has prospects of entering the balance zone. If the balance zone is overcome, the price is able to reach the target near the lower resistance zone.
USD/CAD For Bullishyou can go long now
or
wait for pull-back near entry point and then go long
general trend is up trend
have fun :)
Good opportunity to long here There was intraday bos yesterday (1st red line) second confirmation (2nd red line) waiting to see what price does to buy during NYS ....
USDCAD , 1H USDCAD on 1h we have a potential long position
The break and retest of the HEAD & SHOULDERS pattern
POSSIBLE SELL SET UP ON USDCADUSDCAD is obviosly on down trend making lows and highss after it broke the recent up trend, connencting the two previous highs is the easiest way to identify where the continuation will begin. if price aligns with the trend on the liquididty area and give us nice price action rejection ,wewill bodly ttake sells.
Inverse head and shoulders on H4USD/CAD faced strong resistance near 1.4800 last month and has recently carved out a lower high at 1.4550, Société Générale's FX analysts note.
Below 1.4240, USD/CAD can fall towards 1.4150 and 1.4030
"Daily MACD is within positive territory but has dipped below its trigger line highlighting receding upward momentum. A short-term pullback is taking shape. Low achieved earlier this month at 1.4240 is first layer of support. Break below this can lead to extended down move towards 1.4150 and projections at 1.4030. Resistance at 1.4550 must be overcome to confirm further uptrend."
USDCAD 4H Chart Analysis1. Market Structure
The chart shows a bearish market structure, where price has broken a key trendline support.
The price previously made higher highs and higher lows, but recently failed to continue upward and broke below the ascending trendline.
This confirms a potential trend reversal to the downside.
2. Key Levels
Broken Support Zone (~1.4350 - 1.4400): This level previously acted as support, but price has now dropped below it.
Current Resistance (~1.4300 - 1.4320): Price attempted a pullback to this zone, but it is now acting as resistance.
Target Zone (~1.4165 - 1.4180): Marked as a potential take-profit area for short positions.
3. Bearish Setup Confirmation
The chart shows a short position setup, with:
Entry near the pullback area (~1.4300)
Stop-loss above the resistance zone (~1.4350 - 1.4400)
Take-profit near 1.4165 (previous key support)
The trade setup suggests a Risk-to-Reward Ratio (RRR) > 2:1, making it a favorable setup.
4. Trading Strategy
If Price Retests Resistance (1.4300 - 1.4320) and Rejects → Short (Sell) Entry
If Price Breaks Above 1.4350 → Invalidates Bearish Setup
If Price Drops Below 1.4260 → Bearish Momentum Confirmed
5. Additional Confirmation Factors
EMA 50: Price is below the 50 EMA, which supports the bearish outlook.
Break of Trendline: Strong signal for downside continuation.
Conclusion
Primary Bias: Bearish
Entry Zone: Near 1.4300 - 1.4320 resistance
Stop Loss: Above 1.4350
Take Profit: Around 1.4165
Trade Confirmation: Look for rejection candles at resistance.
USDCAD NEWS TRADING(Close Door Analysis)Lets trade the News to enjoy the Profit as Usual..Make sure u trade with define Strategy..ENJOY!!
usdcad|foxforexUSDCAD tested the main support area after breaking this area. The next target is the support area located at 1.4200.
USDCAD.. SELL TRADE SETUP..Here’s a structured analysis of the *USDCAD sell trade setup, assuming the entry is near current market levels (e.g., **1.4300–1.4310*). If the entry differs, adjust calculations accordingly:
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### *Trade Summary*
- *Entry: *Not specified (Assumed near *1.4300*)
- *Stop Loss (SL): **1.43130* (13 pips risk if entry is 1.4300)
- *Targets*:
1. *1.42400* (-60 pips from 1.4300)
2. *1.41777* (-123 pips from 1.4300)
---
### *Key Analysis*
1. *Risk-Reward Ratios (If Entry = 1.4300)*:
- *Target 1: 60 pips reward vs. 13 pips risk → **4.6:1* (Exceptional).
- *Target 2: 123 pips reward vs. 13 pips risk → **9.5:1* (Very aggressive).
2. *Position Sizing*:
- For a 13-pip SL, ensure alignment with your risk tolerance (e.g., 1–2% of capital).
- Example: For a $
USDCAD SELL SETUPA breakout has been seen on htf narratives. We want to see a reaction from the supply to continue the sell following Price IOF
USDCAD ShortUSDCAD short on the regression break.
I am considering my options and which EA to use to get the most out of this setup.
BUYGod First
Minimum Risk Maximum Reward
Action Backed Believe
# faith, strategy, and execution all in one #
USDCADUsdcad has been doing alot of movement right here im seeing a break and retest of structure ,easy analaysis
USD/CAD Trend Today - Further Upward?🔔🔔🔔 USD/CAD news:
👉All eyes are on the Bank of Canada (BoC) this Wednesday, as markets widely anticipate another interest rate cut—the seventh consecutive one. This time, expectations are for a 25-basis-point reduction, mirroring the move made in January.
👉Meanwhile, the Canadian Dollar (CAD) has been weakening, retreating from last week's highs and approaching the 1.4500 mark against the US Dollar (USD).
👉Adding to the uncertainty, Canada’s inflation data is now under scrutiny. In February, the annual inflation rate, measured by the Consumer Price Index (CPI), inched up to 1.9% from the previous 1.8%. At the same time, the BoC’s core CPI rose for the second consecutive month, reaching 2.1% year-over-year, surpassing the central bank’s target.
Personal opinion:
👉The USD/CAD pair will still maintain an uptrend in the near future. The tariff policies between Canada and the United States have made the CAD, a riskier currency, suffer more damage.
👉The US 10-year bond yield and DXY rebounded, adding more pressure to the CAD
Analysis:
👉Based on important resistance - support levels combined with standard pivot points and EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy USD/CAD 1.4375 - 1.4390
❌SL: 1.4340 | ✅TP: 1.4440 - 1.4480 - 1.4520
FM wishes you a successful trading day 💰💰💰
