USD/CAD(20250325)Today's AnalysisToday's buying and selling boundaries:
1.4318
Support and resistance levels:
1.4379
1.4356
1.4342
1.4295
1.4280
1.4257
Trading strategy:
If the price breaks through 1.4342, consider buying, the first target price is 1.4356
If the price breaks through 1.4295, consider selling, the first target price is 1.4280
USDCAD_LMAX trade ideas
$USDCAD โ Dollar Dominance or Canadian Comeback?(1/9)
Good evening, everyone! ๐ USDCAD โ Dollar Dominance or Canadian Comeback?
With USDCAD at 1.43180, is the US dollarโs reign continuing, or is the Canadian dollar poised for a resurgence? Letโs dive into the currency markets! ๐
(2/9) โ PRICE PERFORMANCE ๐
โข Current Rate: 1.43180 as of Mar 24, 2025 ๐ฐ
โข Recent Move: Up from 1.3700 in Apr 2024, showing US dollar strength ๐
โข Sector Trend: Currency markets volatile, driven by economic indicators and policies ๐
Itโs a dynamic marketโletโs see whatโs driving the dollarโs dominance! โ๏ธ
(3/9) โ MARKET POSITION ๐
โข Exchange Rate: USDCAD reflects USD value against CAD ๐
โข Coverage: Influenced by interest rates, economic growth, commodity prices โฐ
โข Trend: US dollar strengthening, CAD weakening, per price movement ๐ฏ
Firm in its position, but can the CAD make a comeback? ๐
(4/9) โ KEY DEVELOPMENTS ๐
โข Interest Rates: US rates higher than Canadaโs, attracting investment to USD ๐
โข Commodity Prices: Potential drop in oil prices weakening CAD, per data ๐
โข Economic Growth: US economy outperforming Canada, per reports ๐ก
These factors are stirring the pot! ๐ข๏ธ
(5/9) โ RISKS IN FOCUS โก
โข Interest Rate Changes: Fed or BoC policy shifts can alter the landscape ๐
โข Commodity Market: Volatility in oil and other commodities affects CAD ๐
โข Global Economy: Economic slowdowns or recoveries impact currency values โ๏ธ
Itโs a risky danceโwatch your steps! ๐
(6/9) โ SWOT: STRENGTHS ๐ช
โข US Dollar: Higher interest rates, safe haven status, strong economy ๐ฅ
โข Canadian Dollar: Supported by commodity exports, diversified economy ๐
Both have their strengths, but the balance tips towards USD currently! ๐ฆ
(7/9) โ SWOT: WEAKNESSES & OPPORTUNITIES โ๏ธ
โข US Dollar Weaknesses: Potential overvaluation, trade tensions ๐
โข Canadian Dollar Opportunities: Rising commodity prices, tech sector growth ๐
Can CAD turn the tables or will USD continue to dominate? ๐ค
(8/9) โ POLL TIME! ๐ข
USDCAD at 1.43180โyour take? ๐ณ๏ธ
โข Bullish on USD: 1.50+ soon, dollarโs dominance continues ๐
โข Neutral: Sideways movement, risks balance out โ๏ธ
โข Bullish on CAD: 1.40 below, Canadian dollar rebounds ๐ป
Chime in below! ๐
(9/9) โ FINAL TAKEAWAY ๐ฏ
USDCADโs 1.43180 price reflects US dollar strength ๐, but CAD has its own aces up its sleeve. Strategic trading could be key to navigating this pair. Gem or bust?
USDCAD Expected Growth! BUY!
My dear subscribers,
USDCAD looks like it will make a good move, and here are the details:
The market is trading on 1.4316 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.4336
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
โโโโโโโโโโโ
WISH YOU ALL LUCK
USD/CAD is nearing a potential turning pointThe Canadian dollar has strengthened slightly against the US dollar recently and appears to be preparing for another significant move. USD/CAD began weakening around 14 March after it failed to break through resistance at CA$1.445 and fell to the uptrend at CA$1.428. USD/CAD is gearing up for a potential breakout as a symmetrical triangle nears completion.
The triangle has been gradually forming and could be approaching a breaking point over the next few days as the wedge closes. As measured by the relative strength index, momentum has turned decidedly negative, suggesting that USD/CAD could continue to decline. However, for that to happen, the pair may have to contend with the uptrend and support levels in place since the beginning of 2025 around CA$1.430.
The FX rate at CA$1.430 has been a key support and resistance level for some time, and a break below this level could set up a potential further decline to CA$1.415.
However, triangle patterns such as these can be tricky, and until confirmed, USD/CAD could just as quickly rise, leading to potential US dollar strength. Should USD/CAD break above the downtrend at CA$1.438, it could rally back to the upper end of the trading range at CA$1.445.
With the ongoing back-and-forth headlines surrounding the Trump trade wars and the looming 2 April tariff deadline, the currency could break in either direction.
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.
USD/CAD - Day Trading Analysis With Volume ProfileOn USD/CAD , it's nice to see a strong sell-off from the price of 1.43820. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
Strong rejection of higher prices and Volume cluster are the main reasons for my decision to go short on this trade.
Happy trading,
Dale
USD/CAD H1 | Falling to overlap supportUSD/CAD is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 1.4311 which is an overlap support that aligns with the 61.8% Fibonacci retracement.
Stop loss is at 1.4258 which is a level that lies underneath a multi-swing-low support.
Take profit is at 1.4396 which is an overlap resistance.
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USD/CAD Triangle Pattern (24.03.2025)The USD/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance โ 1.4403
2nd Resistance โ 1.4435
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USD/CAD(20250324)Today's AnalysisToday's buying and selling boundaries:
1.4345
Support and resistance levels:
1.4404
1.4382
1.4368
1.4322
1.4308
1.4286
Trading strategy:
If the price breaks through 1.4345, consider buying, the first target price is 1.4368
If the price breaks through 1.4322, consider selling, the first target price is 1.4 308
USDCAD - Higher Probability Upside Within Broader CorrectionThe USD/CAD 4-hour chart displays a complex price structure with recent upward momentum after finding support in the blue reaction zone (approximately 1.4250-1.4280). Currently trading around 1.4350, the pair appears poised for continued upside movement, with the higher probability scenario being a break above the orange resistance line at 1.4402. This view is supported by the recent series of higher lows and the bullish reversal from the support zone. However, traders should approach this opportunity cautiously, as we remain within a larger corrective structure in the broader market context. This suggests that while the immediate bias favors upside movement, price may still experience downward swings before a definitive breakout. A prudent approach would be to take this trade piece by piece, using smaller position sizes and tighter risk management to navigate potential volatility until the orange resistance is decisively broken.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USD/CAD: Sideways Movement Signals Possible DownsideAfter a bearish move, the USD/CAD pair staged a pullback, forming a long-tailed candle on the daily timeframe that points to a potential retest of the zone above the 1.4200 level. Currently, the market is trading sideways, positioned just above the previous day's low.
If the price breaks and closes below this low, it may attempt to retest the support zone beneath. However, with price action still contained within the weekly range, continued oscillation between the upper and lower boundaries remains possible. A move to the downside is anticipated if the pair holds below the upward trendline, with the next target being the support zone around 1.42615
USDCAD Channel Down aiming for the 1D MA200.The USDCAD pair has been trading within a Channel Down and is currently around the 1D MA50 (blue trend-line) following its latest Lower High formation.
If the current Bearish Leg is as strong as the previous one, we can expect the price to hit at least the 1D MA200 (orange trend-line) at 1.4000.
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