USDCAD BULLISH MOVE1H TF Shows CHoCH and multiple BoS, which indicates trading going down and then moving upward the bullish way
USDCAD trade ideas
Bearish drop off pullback resistance?The Loonie (USD/CAD) has reacted off the pivot which has been identified as a pullback resistance and could drop to the 1st support.
Pivot: 1.4475
1st Support: 1.4156
1st Resistance: 1.4736
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.
USD/CAD Analysis
1️⃣ A downtrend has been broken on the daily chart, indicating the beginning of a new uptrend.
2️⃣ There are oversold signals on the RSI and MACD, supporting the possibility of a continued uptrend.
3️⃣ Strong demand zones have been identified, suitable for entering long positions.
Recommendation:
Buy from the blue zones.
Targets are located in the green zones.
It is recommended to observe proper capital management to ensure risk reduction.
CAD is feeling weak—maybe too many Tim Hortons runs?USD/CAD - Bullish Bias
What's Up with CAD?
BoC rate cuts have made CAD as soft as a maple syrup pancake (75bps already cut, more expected!).
U.S. flexing its economy—higher GDP and labor market stability making the USD look like a gym bro.
Trade risks—U.S. tariffs putting extra weight on CAD, dragging it down.
Oil prices on a rollercoaster—falling oil = weaker CAD, pushing USD/CAD higher. (Canada loves oil money, so when oil dips, CAD trips.)
Technical Setup (1H Timeframe)
Support Level Holding Strong around 1.4370-1.4380—buyers stepping in like bouncers at a club.
Resistance Wick at 1.4440-1.4450, where price got slapped down harder than a bad stock pick.
FVG (Fair Value Gap) below support—price might tap it before liftoff.
Moving Averages Drama:
50MA (pink) & 200MA (dark red) sandwiching price like a grilled cheese.
35SMAA (blue & green) showing short-term momentum.
USD/CAD H4 AnalysisAt the end of last week, USD/CAD sat at current 4 hour support at 1.4360
A reversal pattern here next week could lead to a long trade targeting 1.4445 which was the most recent 4 hour resistance.
However, a 4 hour close below 1.43600 could lead to sells with a potential target of 1.4286
Sell usdcadMore sell expected
Respecting the downward channel
Daily and h4 trend broken and retested and close below the fresh sell zone
USDCAD REVIEW AND UPDATEThe Entry point is not Clear yet,Wait for a Small Pattern/Structure and entry for the Sell first and lookout also for the main BUY..ENJOY!!!!
USDCAD: Growth & Bullish Forecast
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the USDCAD pair which is likely to be pushed up by the bulls so we will buy!
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Bullish MovementOverall trend of USDCAD is uptrend. waiting for breakout and retest from the short term bearish trend, then I will put in for BUY... as per my trading plan 1% risk only.
bullish moveUSDCAD overall trend is bullish, so I'm waiting for the retest @ the strong zone before i enter for a buy and it to the next zone risking 2% for this.
USDCAD_4H USDCAD_4H BULLISH
Everything is mentioned on Charts.
Please always look for double confirmation before entry.
Wish you Happy & safe Trading.
Trade as per your own RISK
Please Note:
My studies are for educational purpose only.
Please consult your financial advisor before Trading or Investing.
I'm not responsible for any kinds of your Profits & Losses.
USDCAD bullish bias Price has broken out and probably fully retraced. I am expecting a push up from the yellow zone. Currently looking for entry point. Goodluck.
USDCAD Wave Analysis – 14 March 2025
- USDCAD reversed from key resistance level 1.4500
- Likely to fall to support level 1.4300
USDCAD currency pair recently reversed from the key resistance level 1.4500, which has been reversing the price since the middle of January.
The resistance level 1.4500 was further strengthened by the intersecting upper daily Bollinger Band.
Given the strength of the resistance level 1.4500 and the bearish US dollar sentiment seen today, USDCAD currency pair can be expected to fall to the next support level 1.4300.
USDCAD uptrend continuation supported at 1.4350The USD/CAD currency pair price action sentiment remains bullish, supported by the prevailing long-term uptrend. Recent intraday movements indicate a bullish breakout above the previous resistance level, which has now established itself as a new support zone.
Key Levels and Price Action
The primary trading level to watch is 1.4390, representing the previous consolidation range. A corrective pullback to this level, followed by a bullish rebound, could signal continued upward momentum. In this scenario, the pair may aim for upside resistance levels at 1.4487, 1.4530, and 1.4590 over the longer timeframe.
However, if the 1.4390 support level fails to hold and there is a confirmed daily close below it, the bullish outlook would be invalidated. This breakdown could lead to a deeper retracement, targeting the 1.4350 support level, followed by 1.4310 and 1.4230.
Conclusion
The sentiment remains bullish as long as the 1.4390 support level holds, with potential upside targets at 1.4487, 1.4530, and 1.4590. A confirmed breakdown below 1.4390 would shift the outlook to bearish, signaling a potential move toward 1.4350, 1.4310, and 1.4230. Traders should closely monitor daily closing levels around the key support to gauge sentiment shifts and make informed trading decisions.
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.
USDCAD Buy/Long IdeaUSDCAD is grinding higher and higher. I think a retrace for a further move up is complete.
UCAD Buy Limit OrderLooking to buy this pair off of on a Rally base Drop a trading pattern tht plays a huge part in changing directions of the pairs NB : this trade is a 50/50 it may go both ways, risk wise
USDCAD H4 ShortRemember, successful trading relies on proper risk management and a disciplined approach. Use stop-losses to safeguard your assets and carefully plan each trade. Analysis is the key to making informed decisions. Stay updated and continue refining your strategies!
check the trendThe upward trend will be possible if the price can stabilize the resistance range. Otherwise, with the defeat of the support range, the downward trend will be likely.
Bullish bounce off pullback support?The Loonie (USD/CAD is falling towards the pivot and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 1.4398
1st Support: 1.4353
1st Resistance: 1.4472
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.
USDCAD SHORT USDCAD is facing a high resistance area an is likely to go down, it is also rejected from the higher high level of the ascending channel.
Head and Shoulder patternThe price has made a head and shoulder pattern, and the price also broke out of a bullish trendline, followed by a pullback, now the price has also made a smaller pullback, suggesting a bearish move is at hand at the lower low. Time to go short
WE ONLY TRADE PULLBACKS
USDCAD Trade Idea (1H Chart Analysis)**USDCAD Trade Idea (1H Chart Analysis)**
**Market Structure:**
- The price is in a **downtrend** on the 1H chart, with lower highs and lower lows forming.
- It is currently testing a **key support level** around **1.4350**.
- The **50 EMA (black line) is above the price**, confirming bearish momentum.
- The recent candles show **decreasing volume**, indicating possible consolidation before the next move.
**Trade Plan**
**Scenario 1: Bearish Breakdown (Sell Trade)**
📉 **Entry:** Below **1.4350**, after a strong bearish candle closes.
🎯 **Target 1:** **1.4320** (previous minor support)
🎯 **Target 2:** **1.4280** (stronger support zone)
🛑 **Stop Loss:** **1.4375** (above recent lower high)
📊 **Risk-to-Reward Ratio:** 1:2 or better
**Confirmation:** If price breaks 1.4350 with strong volume, it signals continuation of the downtrend.
**Scenario 2: Bullish Reversal (Buy Trade)**
📈 **Entry:** If price **bounces from 1.4350** and forms a strong bullish engulfing candle.
🎯 **Target 1:** **1.4395** (previous resistance)
🎯 **Target 2:** **1.4415-1.4420** (major resistance zone)
🛑 **Stop Loss:** **1.4335** (below recent low)
📊 **Risk-to-Reward Ratio:** 1:2
**Confirmation:** A strong rejection from 1.4350 with bullish volume indicates potential reversal.
**Final Thoughts**
- **Bias:** Bearish unless we see a clear reversal signal at 1.4350.
- **Watch for a breakout or bounce at key levels before entering.**
- **Always use risk management** – never risk more than 1-2% per trade!
