Bullish reversal?USD/CAD is faalling towards the support level which is a multi swing low support and could bounce from this level to our take profit.
Entry: 1.3553
Why we like it:
There is a multi swing low support.
Stop loss: 1.3500
Why we like it:
There is a support at the 127.2% Fibonacc extension.
Take profit: 1.3646
Why we like it:
There is a pullback resistance.
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CADUSD trade ideas
USCAD Q3 | D23 | W30 | Y25📊USCAD Q3 | D23 | W30 | Y25
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Here’s a short diagnosis of the current chart setup 🧠📈
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USD/CAD H4 | Potential bearish reversalUSD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.3617 which is a pullback resistance.
Stop loss is at 1.3655 which is a level that sits above the 23.6% Fibonacci retracement and a pullback resistance.
Take profit is at 1.3560 which is a swing-low support.
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Price channel break. Will the downtrend take place?✏️USDCAD broke the price channel and started forming a bearish wave. The resistance zone of 1.370 played an important role in starting the bearish wave. 1.365 is the immediate support zone that the pair faces. If it wants to extend the decline, it needs to close the h1 candle below this price zone. The convergence between the trendline and the resistance of the Asian session will be a reliable support point for a downtrend to take place.
📉 Key Levels
Support: 1.365-1.356
Resistance: 1.370
SELL Trigger: Rejects bellow 1.370
SELL DCA Trigger: Break support 1.365
Target 1.356
BUY Trigger: Break and trading above resistance 1.370
Leave your comments on the idea. I am happy to read your views.
Falling towards pullback support?The Loonie (USD/CAD is falling towards the pivot, which has been identified as a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce to the 1st resistance.
Pivot: 1.3647
1st Support: 1.3557
1st Resistance: 1.3731
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🇨🇦 USDCAD — July 22nd OutlookCurrent Price Behaviour:
USDCAD remains rangebound, sitting just above our key support level of 1.36647. The pair has failed to show any clean breakouts since Monday and remains stuck inside a tight intraday channel.
What We're Watching:
📍 Break of 1.36647 = trigger for continuation of bearish move
🎯 Target: 1.35822 (80 pip move)
⚠️ No active trade until this breaks — structure still unclear
HTF Bias: Bearish
Current Play: Stay out until 1.36647 breaks cleanly with strong momentum and volume. That level unlocks a smoother sell opportunity into our first target.
USD CAD longpossible scenario for usdcad lets see
when risk to reward ratio is good you dont have to worry just let the gut feeling flow
Please note: This is for educational purposes only and not a trading signal. These ideas are shared purely for back testing and to exchange views. The goal is to inspire ideas and encourage discussion. If you notice anything wrong, feel free to share your thoughts. In the end, to learn is to share !
USD/CAD BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
USD/CAD pair is in the uptrend because previous week’s candle is green, while the price is clearly falling on the 4H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.374 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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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Bearish Break of Trendline + Retest | Short SetupPrice has broken below the ascending trendline, indicating a potential shift in market structure. The recent bearish momentum suggests sellers are gaining control. After the breakout, price is now retesting the underside of the trendline, providing a potential short entry opportunity.
Entry: On retest confirmation below the trendline
Stop Loss: Above the recent swing high (red zone)
Take Profit: Toward the previous demand zone (highlighted blue support area)
This setup aligns with trendline break-and-retest principles and anticipates a move back toward significant demand.
USDCAD BUYLooking for USDCAD to push lower and activate orders underneath the daily swing low that is highlighted.
To have an entry we are looking to approach and take low in a corrective manner, to form the first 15minute swing low after taking the zone and then to push down one last time to activate more buy orders before pushing up to the high of the first consolidation highlighted on the chart.
Must see CVD absorption once the low is taken before looking for a 1 minute reversal for the entry.
Stoploss below what will be the newly formed low (allow 3 pips below this)
USDCAD(20250721)Today's AnalysisMarket news:
Waller refused to comment on whether he would dissent at the July meeting, saying that the private sector was not performing as well as people thought, and said that if the president asked him to be the chairman of the Federal Reserve, he would agree.
Technical analysis:
Today's buying and selling boundaries:
1.3725
Support and resistance levels:
1.3785
1.3763
1.3748
1.3702
1.3687
1.3665
Trading strategy:
If the price breaks through 1.3725, consider buying, and the first target price is 1.3748
If the price breaks through 1.3702, consider selling, and the first target price is 1.3687
USDCAD Will Move Higher! Long!
Take a look at our analysis for USDCAD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.368.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.373 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Market Analysis: USD/CAD Consolidates GainsMarket Analysis: USD/CAD Consolidates Gains
USD/CAD declined and now consolidates below the 1.3750 level.
Important Takeaways for USD/CAD Analysis Today
- USD/CAD started a fresh decline after it failed to clear the 1.3775 resistance.
- There is a key bullish trend line forming with support at 1.3715 on the hourly chart at FXOpen.
USD/CAD Technical Analysis
On the hourly chart of USD/CAD at FXOpen, the pair climbed toward the 1.3775 resistance zone before the bears appeared. The US Dollar formed a swing high near 1.3774 and recently declined below the 1.3750 support against the Canadian Dollar.
There was also a close below the 50-hour simple moving average and 1.3735. The pair is now consolidating losses below the 50% Fib retracement level of the downward move from the 1.3774 swing high to the 1.3695 low. But the bulls are active near the 1.3700 level.
If there is a fresh increase, the pair could face resistance near the 1.3735 level. The next key resistance on the USD/CAD chart is near the 1.3755 level or the 61.8% Fib retracement level.
If there is an upside break above 1.3755, the pair could rise toward 1.3775. The next major resistance is near the 1.3800 zone, above which it could rise steadily toward 1.3880.
Immediate support is near the 1.3715 level and a key bullish trend line. The first major support is near 1.3675. A close below the 1.3675 level might trigger a strong decline. In the stated case, USD/CAD might test 1.3650. Any more losses may possibly open the doors for a drop toward the 1.3620 support.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Bullish bounce off pullback support?USD/CAD is falling towards the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.3681
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.3645
Why we like it:
There is a pullback support that lines up with the 61.8% Fibonacci retracement.
Take profit: 1.3782
Why we like it:
There is a pullback resistance.
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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.
Tricky USDCAD . let the market decide - we follow Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.