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USDCAD trade ideas

USDCAD LONG DAILY FORECAST Q3 D11 W28 Y25USDCAD LONG DAILY FORECAST Q3 D11 W28 Y25 It’s Fun Coupon Friday! 💸🔥 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 👀 💡Here are some trade confluences📝 ✅Daily Order block identified ✅4H Order Block identified ✅1H Order Block identified 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Long
by JCFRGNT
Bearish drop off pullback resistance?USD/CAD has rejected off the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 1.3695 Why we like it: There is a pullback resistance. Stop loss: 1.3740 Why we like it: There is a pullback resistance that lines up with the 78.6% Fibonacci retracement. Take profit: 1.3618 Why we like it: There is a pullback support that lines up with the 61.8% Fibonacci retracement. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
USDCAD I Weekly CLS I Model 1 I Targe 50% CLSYo Market Warriors ⚔️ Fresh outlook drop — if you’ve been riding with me, you already know: 🎯My system is 100% mechanical. No emotions. No trend lines. No subjective guessing. Just precision, structure, and sniper entries. 🧠 What’s CLS? It’s the real smart money. The invisible hand behind $7T/day — banks, algos, central players. 📍Model 1: HTF bias based on the daily and weekly candles closes,
Wait for CLS candle to be created and manipulated. Switch to correct LTF and spot CIOD. Enter and target 50% of the CLS candle. 
For high probability include Dealing Ranges, Weekly Profiles and CLS Timing.

Trading is like a sport. If you consistently practice you can learn it. “Adapt what is useful. Reject whats useless and add whats is specifically yours.” David Perk aka Dave FX Hunter 💬 Don't hesitate to ask any questions or share your opinions
Short
by David_Perk
46
USDCAD – July 10 OutlookUSDCAD’s high-risk, high-reward (HRHR) sells from Wednesday are still in play with price currently up 35 pips. Price action remains within the structure as we continue to respect the March trendline, but are now stalling in a tight 4H range. 📍 Key Observations: 1.36647 is acting as strong intraday support Possible retest of yesterday’s or Wednesday’s high could provide another HRHR sell opportunity Break below 1.36527 could open the door for a clean 70-pip move toward 1.35827 🔔 Summary: Patience is essential—watching for either another short-term rejection at resistance or a clean structural break to continue the broader bearish bias.
Short
by Thetraderscollective
USDCAD Entering Bullish Trend on 2-Hour Chart – Key LevelsUSDCAD Entering Bullish Trend on 2-Hour Chart – Key Levels and Analysis The USDCAD pair is showing early signs of a potential bullish trend reversal on the 2-hour chart, as price action has formed a Higher High, indicating a shift in market structure. This pattern suggests that buyers are gradually gaining control, which could lead to further upside momentum if the trend continues. However, in the short term, the pair may still experience some bearish pressure before confirming a full bullish breakout. Current Market Structure and Bullish Indications - The formation of a Higher High signals that the downtrend may be weakening, and buyers are stepping in at higher levels. - If the price holds above recent swing lows, it could confirm the beginning of a new uptrend phase. - However, traders should remain cautious, as a temporary pullback or consolidation is possible before a sustained upward move. Key Support Level: 1.35500 On the downside, 1.35500 is a critical support zone. This level has previously acted as both resistance and support, making it a strong area for buyers to defend. - Bullish Scenario: If the price bounces from 1.35500, it could reinforce the bullish outlook and provide a base for further upward movement. - Bearish Risk: A decisive break below this level could delay the bullish reversal and lead to a deeper retracement toward 1.35000 or lower. Upside Targets: 1.37450 & 1.38000 If the bullish momentum strengthens, the next key resistance levels to watch are: 1. 1.37450 – A break above this level could accelerate buying interest. 2. 1.38000 – A major psychological and technical resistance zone where profit-taking may occur. Short-Term Bearish Possibility Before Bullish Continuation Despite the bullish signals, the pair may still face short-term bearish pressure due to: - Profit-taking near resistance levels. - Potential USD weakness or CAD strength in upcoming sessions. - Market consolidation before the next directional move. Trading Strategy & Key Takeaways - Confirmation Needed: Wait for a strong close above recent highs to confirm the bullish trend. - Support Watch: A hold above 1.35500 keeps the bullish structure intact. - Targets: If bullish momentum continues, 1.37450 and 1.38000 are the next key objectives. - Risk Management: A break below 1.35500 could invalidate the bullish setup, leading to a reassessment of the trend. Conclusion The USDCAD is showing early signs of a bullish reversal on the 2-hour chart, but traders should remain cautious of short-term bearish retracements. The critical levels to watch are 1.35500 (support) and 1.37450–1.38000 (resistance targets). A confirmed breakout above resistance could signal a stronger bullish trend, while a breakdown below support may extend the correction phase. Proper risk management and confirmation through price action will be essential for successful trading in this scenario.
Long
by Brillant_Capital
USDCAD LONG DAILY FORECAST Q3 D10 W28 Y25USDCAD LONG DAILY FORECAST Q3 D10 W28 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 👀 💡Here are some trade confluences📝 ✅Daily Order block identified ✅4H Order Block identified ✅1H Order Block identified 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Long
by JCFRGNT
Bearish reversal off overlap resistance?The Loonie (USD/CAD) has rejected off the pivot which has been identified as an overlap resistance and could drop to the 1st support which acts as a pullback support. Pivot: 1.3704 1st Support: 1.3645 1st Resistance: 1.3741 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
Bearish reversal?USD/CAD is reacting off the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 1.3695 Why we like it: There is a pullback resistance. Stop loss: 1.3734 Why we like it: There is a pullback resistance level that aligns with the 78.6% Fibonacci projection. Take profit: 1.3639 Why we like it: There is a pullback support that is slightly above the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
USD/CAD carving out a bottom?The USD/CAD is poking its head above a bearish trend line that has been in place since mid-May, in one of the first signs that suggests we may have seen a low in the Loonie. As well as the trend line, the 21-day exponential is also now below price, further suggesting that the tide is turning. Key levels Support levels off this daily chart are seen around 1.3695 then 1.3617 Resistance seen around 1.3750 next, followed by the next round handles like 1.38, 1.39 etc. By Fawad Razaqzada, market analyst with FOREX.com
Long
by FOREXcom
USDCAD: Bearish Continuation & Short Signal USDCAD - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short USDCAD Entry Point - 1.3688 Stop Loss - 1.3717 Take Profit - 1.3634 Our Risk - 1% Start protection of your profits from lower levels Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️ Please, support our work with like & comment! ❤️
Short
by UnitedSignals
1
Bearish Reversal Zone Approaching🔹 Pair: USDCAD 🔹 Timeframe: H4 🔹 Price: 1.36806 🔹 Bias: Short/SELL Setup Pending --- 💡 Analysis Summary: USDCAD is approaching a major resistance zone aligned with the 61.8% Fibonacci retracement level from the previous bearish leg. Structure shows a clear ABC corrective pattern with signs of exhaustion at current levels. --- 📌 Key Levels to Watch: 🔺 Resistance: 1.3720–1.3740 (Potential Reversal Zone) 🔻 Target Zone: 1.3450–1.3500 🔓 Invalidation Above: 1.3760 --- 📉 Plan: Watch for bearish confirmation (e.g., bearish engulfing, double top, divergence) at resistance before entry. High RR setup expected if price rejects near 1.3740. --- 🔁 Wait. Confirm. Execute. 🧠 Trade smart, not fast. 📊 More updates coming daily.
Short
by Greenfireforex
USDCAD oversold rally The USDCAD currency pair remains in a bearish technical structure, consistent with the prevailing downtrend. Recent price action suggests sideways consolidation, indicating indecision as the pair pauses before its next directional move. Key Technical Levels: Resistance: 1.3700 – Key pivot zone; previously acted as intraday resistance. 1.3740 – Minor resistance. 1.3790 – Stronger resistance zone and potential reversal point. Support: 1.3566 – Initial downside target on renewed selling pressure. 1.3544 – Intermediate support. 1.3520 – Long-term support and potential demand zone. Scenario Analysis: Bearish Case (Favored): Price is consolidating below the key 1.3700 level. A failure to break above this resistance could trigger a renewed move lower. A bearish rejection from this level may open the path toward 1.3566, then 1.3544 and 1.3520 over a longer timeframe. Bullish Case (Alternative): A confirmed breakout and daily close above 1.3700 would invalidate the current bearish setup. This could shift sentiment to bullish and trigger a move toward the next resistance zones at 1.3740 and 1.3790. Conclusion: The technical bias for USDCAD remains bearish while price trades below the 1.3700 resistance zone. Traders should watch for a rejection from this level to confirm further downside potential. However, a sustained break above 1.3700 would neutralize the bearish setup and suggest scope for a short-term bullish reversal. 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.
by TradeNation