UCAD Bulls Look for 3rd Test After Sept. '24 Highs TouchOANDA:USDCAD Bulls were able to find support at the Sept. 2024 Highs after having traveled down a Falling Support for the past 2 months!
Now we see Bulls pushing price higher creating a Rising Support with 2 tests having been successful and currently coming down for a 3rd test!
Now Price has already broken a Previous Level of Structure which was a Past Resistance on June 4th. This level also lands right at the 34 EMA and based on the Bollinger Bands, this test will also be a Mean Reversion where Price after having traveled in one direction will revert back to the mean of the Bollinger Bands for Continuation, which in this case will be Bullish!
After the 2nd Test of the Rising Support, we can see a Massive amount of Volume enters.
Price also is trading Above the 50 on the RSI and is currently coming down to test that level.
I am looking for Price to test the 1.3683 area and if Price shows support for a 3rd Test, this will be a great opportunity for Long Positions!
Fundamentally, USD will be bombarded heavy news being CPI numbers with analysts forecasting a .2% Increase in Inflation! Also PPI, Unemployment Claims and Prelim UoM Consumer Sentiment & Inflation Expectations.
USDCAD trade ideas
USDCAD weekly overviewHello Traders,
War in Persian Gulf could change the direction of this analysis. Any conflict in the Middle ease could make out two white zones be red and suitable for shot trades. in normal situation, only 1.37732 is prepared for long trades.
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The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones.
Some of these points can also be confirmed by the mathematical intervals of Murray.
You can enter with/without confirmation. IF you want to take confirmation you can use LTF analysis, Spike move confirmation, Trend Strength confirmation and ETC.
SL could be placed below the zone or regarding the LTF swings.
TP is the next zone or the nearest moving S&R, which are median and borders of the drawn channels.
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Role of different zones:
GREEN: Just long trades allowed on them.
RED: Just Short trades allowed on them.
BLUE: both long and short trades allowed on them.
WHITE: No trades allowed on them! just use them as TP points
Bullish rise?USD/CAD is reacting off the resistance level which is a pullback resistance and could potentially rise from this level to our take profit.
Entry: 1.3691
Why we like it:
There is a pullback resistance level.
Stop loss: 1.365
Why we like it:
There is a pullback support level.
Take profit: 1.3742
Why we like it:
There is a pullback resistance level.
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USD/CAD H4 AnalysisUSD/CAD H4
Momentum is to the downside on the 4 hour chart.
However, with higher lows on the MACD, look for price to pullback to the trendline in the new trading week and potentially to break above.
Always trade with a tested and profitable strategy alongside good risk management.
USDCAD WILL DELIVER BY FIREThe USD/CAD trended lower in a volatile manner this week, declining 0.29% on a weekly basis, reflecting the relative resilience of the Canadian dollar supported by the Bank of Canada's (BoC) policy and economic data. The BoC maintained its interest rate at 2.75%, in line with market expectations. The BoC's concerns about Trump's tariff policies mirror the widespread anxieties among global central banks regarding the impact of trade wars. The central bank is likely to remain on hold in the short term to observe the effects of trade policies. If employment data turns out to be robust, the Canadian dollar may gain further support.
Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
USDCAD - Short trade continuationWas triggered in to this on Friday
As we can see we had a pool of liquidity to the left. We then had the news release of NFP.
We were tagged in and then now we are looking to take price to the previous structure lows.
As you can also see we took a lovely trade last week on USDCAD to the downside.
I am still holding 0.5% of that position alongside the current one we have just been tagged into. Very nice potential for continuation to the downside.
If you have any questions for me give me a message
#USDCAD: 500+ Pips Big Buy Opportunity!Dear Traders
Hope you are doing great, we have a great buying opportunity on USDCAD, our first entry is in profit of 250+ pips, however, we expect price to grow steadily after reconfirming the same area. USDCAD tends to reconfirm the order block area many times before a big bull move. Good luck.
USDJPY:800+ PIPS Dropping Well Since Our First Idea!Dear Traders,
Since we posted our idea when price was trading at 158 we told you that this will be a massive dropped and since then price has proven us right, now we think there is another big drop is on the way. Please use proper risk management while trading.
USDCAD Will Explode! BUY!
My dear followers,
This is my opinion on the USDCAD next move:
The asset is approaching an important pivot point 1.3654
Bias - Bullish
Safe Stop Loss - 1.3603
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.3751
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
USDCAD Looking Solid Buy zoneUSD/CAD is currently in a potential buying zone, supported by the broader strength of the US dollar. While the support level appears to be holding, a clear confirmation is still lacking. A shift in market phase may be forming, but it remains unconfirmed at this stage.
Key Points to watch
Resistance 1.37300 / 1.37600
Support Levels 1.36500
you may see more details in the chart Ps Support with like and comments for more better analysis.
USDCAD → One step away from distributionFX:USDCAD is recovering amid the dollar's growth. Unemployment news is ahead. A return of the price to the buying zone may support the currency pair.
Against the backdrop of the dollar's growth, a change in the market phase is forming (unconfirmed). The price has stopped updating lows and is forming an eql, from which it is breaking out of the downtrend. The initial retest of liquidity at 1.366 may end in a correction. However, a quick retest and consolidation of the price above the level will confirm the change in sentiment
Resistance levels: 1.3686, 1.3732
Support levels: 1.3675, 1.366
Despite the fact that the price broke the downward resistance, the currency pair is still under pressure from sellers who are waiting for the price to fall from 1.3686. A breakout, a change in market sentiment to bullish, and consolidation above 1.3675-1.3686 will confirm readiness for a recovery. Zones of interest: eqh 1.3732
Best regards, R. Linda!
USD/CAD..30M chart bearish flag pattern.Looking at the chart I'm provided, here's a quick technical breakdown:
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📉 Chart Analysis
Pair: Likely USDCAD (based on visible digits and style).
Pattern: Bearish rising channel has broken down.
Breakdown Confirmed: Price has clearly broken below the lower channel support, with bearish continuation signs.
Ichimoku Cloud: Price has moved below the Kumo (cloud), which confirms downside momentum.
Red Arrows & Levels: You've drawn a zigzag-style projection with two target zones marked.
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🎯 Identified Target Levels (approximate)
Based on your chart's drawing and current price (1.3710):
1. Target 1: Around 1.3660
2. Target 2: Around 1.3620
These correspond to the two red horizontal lines marked "TARGET" in your chart.
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✅ Summary
Sell Bias Active
Target 1: 1.3660
Target 2: 1.3620
Invalidation (Stop Loss suggestion): Above 1.3745–1.3755 zone (back inside channel or Kumo)
Would you like a more precise projection using Fibonacci levels or a cleaned-up chart version with these targets plotted clearly?
USDCAD Buy- Go for short term buy then manage your trade
- potentially go higher or significant reversing to the upside
- Refine entry with smaller SL for better RR, if your strategy allow
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