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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

USD/CAD(20250411)Today's AnalysisMarket news: The annual rate of the US CPI in March was 2.4%, a six-month low, lower than the market expectation of 2.6%. The market almost fully priced in the Fed's interest rate cut in June. Trump said inflation has fallen. Technical analysis: Today's buying and selling boundaries: 1.4013 Support and resistance levels: 1.4170 1.4112 1.4073 1.3952 1.3914 1.3855 Trading strategy: If the price breaks through 1.4013, consider buying, the first target price is 1.4073 If the price breaks through 1.3952, consider selling, the first target price is 1.3914
Short
by BraveTigercat
USD/CAD bears eyeing deeper downside flushUSD/CAD bears will be eyeing a meaningful downside flush with the pair breaking and closing beneath the 200-day moving average on Thursday, hitting fresh year-to-date lows in the process. The price now finds itself below 1.3947, the high set in August last year. The break may encourage others to join the bearish move, generating a setup where shorts could be established with a stop placed above the level for protection. 1.38115 screens as an initial target, with other minor levels such as 1.3748, 1.3700 and 1.3647 also in play. Momentum indicators favour retaining a bearish bias, with RSI (14) trending strongly lower but not yet oversold. MACD further bolsters the bearish signal. If the price were to reverse back above the 200DMA, the overall bearish bias would be invalidated. Good luck! DS
Short
by FOREXcom
USDCAD → Weak dollar provokes continuation of downtrendFX:USDCAD under the pressure of a weak dollar and downtrend may renew its lows. The fundamental background for the dollar is weak, the market reacts accordingly. The dollar continues to fall - a reaction to the tariff war. Besides, additional pressure is created by the issue of interest rates reduction. The currency pair is under the pressure of the downtrend. After a false resistance breakout, the price is consolidating in the selling zone. The trend change is confirmed by the cascade of resistances. Emphasis on the local range 1.4245 - 1.42018. The price exit from the consolidation will provoke the continuation of the fall Resistance levels: 1.4245, trend boundary Support levels: 1.4202, 1.415 Possible retest of resistance before further decline. But the price exit from the current range and consolidation of the price below 1.4202 - 1.4205 will provoke the growth of sales and further fall to 1.405 (zone of interest). Regards R. Linda!
Short
by RLinda
6
Crowd's Bullish Narrative Meets Structural Reality📅 Week of: April 7–11, 2025 🚩 USD/CAD Bias: Bearish Trade Duration: 2–5 Days Status: Breakdown Confirmed – Retest Completed Current Reflexivity Phase: Phase 4 – Emotional Flush & Capitulation Strategy Type: Structural Breakdown + Sentiment Dislocation Execution Style: Reactive, not predictive Theme: "Crowd's Bullish Narrative Meets Structural Reality" 🧠 Strategic Thesis USD/CAD has clearly broken and successfully retested previous support (1.4248) as resistance. The market now enters an emotional flush phase as late bullish positions unwind, reinforcing bearish momentum driven by strengthening CAD due to bullish crude oil dynamics. 🔍 Structure Breakdown Highlights Clean structural rejection at the retest (1.4248 resistance zone) Strong bearish momentum confirmed; consistent lower highs Sellers firmly control price action, no fresh demand emerging 📊 COT & Sentiment Snapshot Leveraged Funds: Unwinding longs slowly Institutional Traders: Accumulating CAD positions steadily Retail Sentiment: Persistently bullish on USD despite structural evidence 📌 Translation: Institutional flows quietly pivoting to CAD; retail optimism still providing contrarian fuel. 🧠 Behavioral Finance Triggers “Crowds trust the story. Price tells the truth.” Emotional denial among bullish USD traders, fueling further downside upon forced exits Rejection confirmed; sentiment lagging clear structural signals 🔄 Reflexivity Model – Phase Breakdown Phase Description Phase 1: USD bullish narrative builds retail optimism Phase 2: Structural breakdown—completed Phase 3: Retest & crowd denial—completed Phase 4: ✅ Current – Emotional flush underway 🛠️ Execution Plan Entry: Short already executed at 1.42354 Risk Management: Stop-loss above confirmed retest (1.42567) Exit Plan: Scale out strategically on downside momentum 🕰️ Execution Timeline Wednesday–Friday: Maintain short bias, trail stops, secure partial gains into weekend ✅ Strategic Summary USD bullish crowd now forced to reckon with structural realities—stay positioned for emotional flush continuation. "You don’t need to predict. Just follow the failure."
Short
by pharyeh
Bullish bounce?USD/CAD is falling towards the support level which is a pullback support that is slightly below the 161.8% Fibonacci extension and could bounce from this level to our take profit. Entry: 1.4047 Why we like it: There is a pullback support level that is slightly below the 161.8% Fibonacci extension. Stop loss: 1.3993 Why we like it: There is a pullback support level that lines up with the 78.6% Fibonacci projection. Take profit: 1.4159 Why we like it: There is a pullback resistance level. 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. Take profit: 1.4159 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us!
Long
by VantageMarkets
USDCAD Trendline Breakout Ready for a Long SellHello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
1