USDCAD BUY*Trendline unbroken
* Weak sell side continuity
* Buying targeting reference point following a lower low broken
* Volume imbalance recovered
USDCAD trade ideas
uptrendThe downtrend is expected to end at the current support area and we will see the start of the upward trend.
Otherwise, the downtrend is likely to continue to the next support levels.
USD/CAD H1 | Rising into a multi-swing-high resistanceUSD/CAD is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.3849 which is a multi-swing-high resistance that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 1.3915 which is a level that sits above the 61.8% Fibonacci retracement and an overlap resistance.
Take profit is at 1.3735 which is a support level that aligns with the 161.8% Fibonacci extension.
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USDCAD: Breakout & Bearish Continuation 🇺🇸🇨🇦
USDCAD broke and closed below a key intraday/daily horizontal support cluster.
I expect a bearish trend continuation after its retest.
Next goal - 1.376
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USDCADUSDCAD
- Completed " 12345 " Impulsive Waves
- Break of Structure
- Fibonacci Level - 38.20% - 50.00%
- Order Block
- Bullish Channel as an corrective pattern in Short Time Frame
General Analysis On the 10 Elite Pairs..You can follow us for more Analysis(Images and Videos) with Precise definition of the Financial Market.ENJOY!!!
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Bullish Breakout from Falling WedgeCurrently, the USD/CAD is in a crucial support area. The weakness of the US dollar and the improvement in the fundamental aspects of the Canadian dollar have created a tug-of-war between bulls and bears. Traders are adopting a strategy of selling high and buying low within the range of 1.3760-1.3844. Once the resistance/support level is broken through, they will follow the trend accordingly.
you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
USD/CAD For Bullish as pull-backyou can go long now
or
wait for entry point and then go long
general trend is down trend
current phase is pull-back
your confirmation for bullish will be break the red arrow level and come back to retest it and then go up to target 2
have fun :)
audnzdDisclaimer:
Trading involves risk. These signals are for informational purposes only and do not constitute financial advice. Past performance is not indicative of future results. Use at your own risk. Always trade responsibly.
USDCAD Potential Long PlayRetailers are short + bullish structure + Strong Demand zone. Potential Play? only problem, the zone does seem kinda at equillibrium
Analysis of the USD/CAD Exchange RateAs of last Friday, the USD/CAD exchange rate traded in the range of 1.3800 - 1.3850, down 0.0217% compared to the previous day. The key resistance level was 1.3844, and the support level was 1.3760. In the short term, the fluctuations are dominated by the US non - farm payrolls data and trade policies: strong US employment data may support the rebound of the US dollar.
you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
USDCAD – Reversal Setup Ahead of FOMC DecisionUSD/CAD has bounced off strong support near 1.3770, forming a clean bullish structure into a pivotal week dominated by the FOMC meeting. Price action shows higher lows and a tightening range, signaling a potential breakout. With the Fed expected to hold rates but maintain a hawkish tone, the USD may regain strength — especially against the CAD, which remains under pressure from trade risks and weak oil prices.
🔹 Technical Setup:
Structure: Rejection at 1.3770 support with ascending trendline developing.
Pattern: Bullish flag breakout (visible on 2H chart).
Momentum: Recovery candles suggest buyers regaining control ahead of resistance.
Key Levels:
Support: 1.3770 – 1.3780
Resistance:
TP1: 1.3852 (Fib 61.8%)
TP2: 1.3891 (swing high zone)
TP3: 1.3950 (major breakout target)
Invalidation: Below 1.3760
🧠 Fundamental View:
USD Outlook:
The Fed is widely expected to hold interest rates steady on May 7, but officials are pushing back against early rate-cut expectations. Chair Powell is likely to emphasize inflation risks and signal no imminent easing. This stance supports USD resilience, especially if the Fed reiterates “higher for longer” messaging.
CAD Outlook:
The Canadian economy continues to face export challenges from U.S. tariffs, weakening business sentiment. Meanwhile, softening oil prices reduce support for the CAD. With the Bank of Canada having already delivered several rate cuts, it remains more dovish than the Fed — creating a widening policy divergence.
💡 Trade Idea:
Bias: Bullish above 1.3780
Entry Zone: 1.3800–1.3820
Target 1: 1.3852
Target 2: 1.3891
Target 3: 1.3950
Stop Loss: Below 1.3760
📌 Watch for volatility during and after the FOMC statement and Powell’s press conference. A hawkish surprise could fuel a sharp move toward 1.39+.
#USDCADLow risk with a reward of one to ten that will bring good profits. However, depending on the broker's spread, the stop can be set up to two pips higher.
USDCAD Technical Expert Review - 3 May 2025✅ Market Structure Summary:
The market entered a distribution phase, clearly forming equal highs and a head & shoulders–like pattern.
After breaking out of the descending wedge, price surged upward to tap the upper supply zone (gray), sweeping liquidity before dropping sharply.
We now see price reacting to a mid-demand zone, with another deeper demand zone resting below.
📍 Key Technical Zones:
🔹 Upper Gray Supply Zone:
This zone was tapped after liquidity was grabbed from the equal highs.
Strong bearish rejection with impulse candles confirms it as a valid shorting zone.
It remains active and could act as a trap if retested without proper bullish structure.
🔹 Mid-Demand Zone (current reaction point):
Price is currently reacting from this area.
Initial bullish reaction is visible, but the reaction isn't strong enough yet to confirm reversal.
Weak buyer pressure (wicky candles) suggests vulnerability.
🔹 Lower Demand Zone (main target if breakdown occurs):
If the current zone fails, price will likely drop toward this deeper demand block, which hasn't been mitigated yet.
This area could offer a more solid foundation for a bullish reversal.
🔮 Forecast Scenarios:
📉 Primary Bearish Scenario:
If price fails to create higher highs from the current mid-demand zone:
Expect a continuation down toward the lower gray demand zone.
If that breaks, price could target the green higher-timeframe demand around 1.37200.
📈 Alternative Bullish Scenario:
If price builds structure and forms a higher high from this zone:
A short-term rally back toward the upper supply zone is possible.
However, without a strong breakout, that area still holds risk for another sell-off.
USDCAD BUY900m @ 1.37 (Support) - 900m @ 1.389 (Break) - Targets @ 1.40 (TP) - Waiting for a Range Breakout
USDCAD | 01.05.2025BUY 1.38000 | STOP 1.36900 | TAKE 1.39600 | The prolonged sideways movement of the pair near medium-term support levels tells us that buyers in this range can develop an upward movement with a further upward breakout of 1.39760. The influential factors of the price movement will be the US ore market publications this week and the general background of the tariff policy towards Canada. We expect a slight rise in price to start with.
#usdcadYou can enter in two steps and the best entry is in the low-risk zone. The low-risk zone has a reward of 1 to 10, which can also be done risk-free, but I recommend being patient until you reach TP 10.
USDCAD BUY LongTrade with patience on this pair as there was election in Canada on this week. It is just my analysis. Let us Check how it works.
USDCAD INTRADAY sideways consolidationThe USDCAD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 1.4060, which represents the current intraday swing low and the falling resistance trendline level.
In the short term, an oversold rally from current levels, followed by a bearish rejection at the 1.4060 resistance, could lead to a downside move targeting support at 1.3780, with further potential declines to 1.3730 and 1.3630 over a longer timeframe.
On the other hand, a confirmed breakout above the 1.4060 resistance level and a daily close above that mark would invalidate the bearish outlook. This scenario could pave the way for a continuation of the rally, aiming to retest the 1.4080 resistance, with a potential extension to 1.4160 levels.
Conclusion:
Currently, the USDCAD sentiment remains bearish, with the 1.4060 level acting as a pivotal resistance. Traders should watch for either a bearish rejection at this level or a breakout and daily close above it to determine the next directional move. Caution is advised until the price action confirms a clear break or rejection.
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USDCAD – DAILY OUTLOOK – APRIL 29Looking at the daily chart, USDCAD hasn’t done much in terms of our longer-term target but continues to reject 1.38618, which adds confluence to the bearish bias.
That being said, the consistent failure to push higher makes me doubt we’ll see the deeper pullback to 1.39621—unless we get a strong fundamental catalyst. So for now:
📉 Current sell zones:
– 1.37871
– 1.36647
🎯 First target = 1.34380 (300+ pips available)
Will reassess if any news shifts the bias, but structure-wise we stay short.
USDCAD SHORT IDEAUnder current market conditions, the area near 1.3849 has been identified as a critical resistance zone, where the AI model detects a high-probability trade setup.
From a technical perspective, a clear directional bias based on recent price action patterns. Suppose the market demonstrates increased volume and price stability above key moving averages in the 1.3849 area. In that case, traders are advised to monitor for trend-continuation entry opportunities in alignment with the prevailing momentum.
Profit targets are defined at 1.3819 and 1.3785, corresponding to logical technical support zones. These levels are designed for staged profit-taking across different trade management styles. Stop-loss should be strictly enforced at the designated level; once breached, the strategy is considered invalidated in order to limit potential downside.
