A brief analysis of selling usdcadI think cos of the weekly time frame it is going to get a bearish trend but we need a good edge for opening a high R/r and low risk but for swing with R/r=1 its not bad
USDCAD trade ideas
USDCAD - SELL SETUP IN 4HR CHARTSELL @ 1.4350 OR BELOW
TARGET : 1.4250, 1.4140
STOPLOSS : 1.4400
USDCAD is overbought at this level Breakout and pullback done in 4hr chart. Sell now
Bearish reversal off 61.8% Fibonacci resistance?USD/CAD is rising towards the resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.4390
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 1.4467
Why we like it:
There is a pullback resistance level.
Take profit: 1.4467
Why we like it:
There is a pullback support level.
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USDCADAnother Possible trade that could be taken , but im not comfortable in the USD being weak given all the politics happening in the USA , but either than that if the structure is respected we can look into trading USDCAD and taking a shot on it
ARE WE SELLING USDCAD?What’s up traders? Hope you all well.
The 25% tariff on Canadian exports has significantly weakened the loonie. Political fallout followed, with Prime Minister Justin Trudeau resigning on the back of the tariffs, reflecting the economic and political strain on Canada.
These are my thoughts on USD/CAD: Price recently broke out of a downtrend. However it has respected my KEY RESISTANCE AREA/PREVIOUS SESSION HIGH. Expecting a 80 pip drop on USDCAD
Bearish on USDCADIt's a down trend according to trend analysis.
The market has retouched the resistance level point.
USDCAD MOVE TO UP TREND MUST READ THE CAPTIONThe chart displays a technical analysis of the USDCAD currency pair using the Heikin Ashi candlestick type on the 1-hour timeframe. Here's the breakdown:
1. Bullish Cup-and-Handle Pattern:
The yellow highlighted area suggests the formation of a bullish "cup-and-handle" pattern, which is a continuation signal for a potential upward movement.
2. Key Levels:
Target Level (1.44753): The final target price for this setup.
Take-Profit (TP) Levels:
TP1: Near 1.43600
TP2: Around 1.44200
TP3: Close to 1.44700
Stop-Loss Level: Clearly marked below 1.42600 to manage risk in case of an invalidated pattern.
3. Projection and Trend:
The blue arrows indicate the expected price movement. A break above the resistance levels will confirm the bullish trend. The price may face pullbacks before hitting the targets.
If the price breaks below the stop-loss level, the bullish outlook becomes invalid.
Conclusion:
This analysis predicts a bullish continuation for USDCAD. Traders should monitor price action around the outlined levels, especially the TP and resistance zones. Confirmations, such as strong bullish candles or volume spikes, can improve trade confidence.
ARE WE SELLING USDCAD?What’s up traders? Here are my thoughts on USDCAD.
The Bank of America does not anticipate the Bank of Canada to react to the potential political uncertainty, as they believe the BoC is comfortable maintaining its rate in the neutral range. The Canadian Dollar is expected to continue acting as a buffer amidst potential changes in US policies towards Canada.
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USDCAD Set To Grow! BUY!
My dear friends,
USDCAD looks like it will make a good move, and here are the details:
The market is trading on 1.4314 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.4357
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
USDCAD BUYI believe that USDACD broke market structure for the sell and is going to rally up
You can buy now at 1.43 with a TP of 1.438 and SL of 1.427
USD-CAD Bullish Bias! Buy!
Hello,Traders!
USD-CAD is trading along
The rising support line
And the pair is about to
Retest it so we are bullish
Biased and we will be
Expecting a local bullish rebound
Buy!
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USDCAD Scenario 1.1.2025In this market, I only see that if we maintain the monthly level around the price level of 1.43 and if the price wants to head towards this level, we will watch the sfp below the low and there a possible entry into long at the price where the next monthly level is located at the price of 1.45800.
USD/CAD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
We are targeting the 1.443 level area with our long trade on USD/CAD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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USDCAD_4H_BuyAnalysis of the Canadian dollar 4-hour and medium-term time frame Elliott wave analysis style The market is in five rising Elliott waves, which is currently expected to be corrected in wave 4, and only by maintaining the number 1.42800, it can move up to the target of 1.45800 and 1.46500 for wave 5.
USDCAD may change its local trend to a bearish one USDCAD is at risk of a trend reversal due to the dollar forming a reversal phase after yesterday's news and rumors when someone came up with the idea that Trump had decided to change his hardline policies. After the rumors were refuted, the dollar headed down, pulling the forex with it.
Scenario: Consolidation of the price below a key level may influence further decline. A break of local support could trigger a strong fall to 1.4178
USDCAD-SELL strategy 3D chartThe pair is under pressure, and think it is only the beginning of it. We have ample room to lows 1.4000s as far as the potential of it short-term. we are overbought, and political changes, and OIL all contribute to CAD strength I feel.
Strategy SELL @ 1.4300-1.4350 and take profit near 1.4175 at first.
USDCAD buyNice clear supply and demand setup here. 1% risk on trade, multiple touches of zone no breakout yet, worth the entry RR 4
USDCAD is BearishPrice was in a strong uptrend, however now it seems that bears are assuming control of the price action. Bearish divergence coupled with double top pattern is an indication of bearish control. If the momentum sustains, then we can expect further downside in price action. Targets are mentioned on the chart.
The huge dropI guess the drop has started... little earlier than expected.
- Trump wants to call Canada ("not this way, guys")
- Premier quit
- etc....
Guess 1.50 was the key-level to get nervous. Now it started a bit earlier. nonetheless CAD is getting stronger. Lets see how far the pair falls - I guess quite far.
USDCAD - Potential Correction, SHORT
Dear Friends,
How I see it:
Daily Candle body closed below range
A re-test of fair market value is always possible.
OR
Maybe price will just re-test the breakout zone of the range.
We are looking for persistent rejection candles upwards to confirm the breakout.
** I want price to break and hold below 1.42800.
** A higher probability short entry should've been above or closer to FMV.
(So, another test run up will be awesome!)
Keynote:
It is the first week of the year, a bit of uncertainty in the market, be SAFE!
I deeply appreciate you taking the time to study my analysis and point of view.
USDCAD: A Bearish Outlook AheadAs I analyze the current situation of the USDCAD pair, it appears to exhibit a strong bearish trend, prompting a sell recommendation. My analysis is based on the strategy of EASY Trading AI, which identifies patterns and variances in the market.
The entry price for this trade is set at 1.43279, and I foresee a potential take profit target at 1.42549667. To safeguard our capital, a stop loss has been established at 1.44256667. This setup reflects a calculated approach to capture further downside while managing risk effectively.
Several factors contribute to my bearish outlook. Firstly, economic indicators suggest a strengthening Canadian economy, juxtaposed against fluctuating views on the US dollar's performance. Additionally, recent technical analyses show a consistent resistance level, signaling potential reversals in the advance of USDCAD.
With the combination of these elements and the robust framework of the EASY Trading AI strategy, this trade aligns with my objective to optimize returns while minimizing exposure. I highly recommend traders follow these signals closely and consider employing these strategies within their own trading frameworks for enhanced profitability. 🚀
USDCAD 1H ShortThe USD/CAD 1-hour chart illustrates a potential bearish setup as the price breaks below the Ichimoku cloud (Kumo), indicating a shift to bearish momentum. The Tenkan-sen (red line) and Kijun-sen (blue line) have crossed below the cloud, supporting further downside potential. The bearish crossover and the downward-angled Kumo ahead signal continued selling pressure.
A short entry is viable below the current level at 1.4320, with a stop-loss placed above the Kijun-sen around 1.4345 to minimize risk. The take-profit target is set near the previous swing low at 1.4280, offering a favorable risk-to-reward ratio. However, traders should monitor volume and lower timeframes for confirmation before entering the trade.
