USDCAD LONG UPDATEAs I told in the last trade idea USDCAD is BULLISH and if price keeps holding we might see Take Profit hit.
CADUSD trade ideas
Daily Price Action: USDCAD Tuesday 4/15/2025In this video, we are looking into the potential daily price action of USDCAD.
USD/CAD 1H Breaking Structure: The Start of a New Trend?Hi traders! Analyzing USD/CAD on the 1H timeframe, spotting a potential bullish reversal from a descending wedge pattern:
🔹 Entry: 1.38846
🔹 TP: 1.40286
🔹 SL: 1.37692
Price is bouncing off the lower boundary of a falling wedge, showing signs of bullish divergence with RSI also turning upwards. The breakout of the descending structure may signal a trend reversal or at least a corrective move to the upside.
The RSI is recovering from the oversold region, reinforcing the idea of a possible bullish push. A break and close above the minor resistance zone could confirm the move towards higher levels.
Watching closely for momentum confirmation!
⚠️ DISCLAIMER: This is not financial advice. Every trader must evaluate their own risk and strategy.
USDCADI believe price will retrace to this zone and then push to a higher major resistance.
Why? Price broke past a key area highlighted above, indicating we ae in a shifted bull trend and I am to trade until the marked zone
USDCADLovely trade taken. I posted this on here as a nice entry point. 3% profit back.
Congrats to anyone who took it
USD/CAD For Bullish as Pull-Backyou can go long now
general trend is down trend
current phase is pull-back
have fun :)
After CAN CPIs, it's time to prepare for BoC rate decisionLooking at the CPI numbers that came out, we are noticing some weakness in the CAD right now. This weakness may spill over into tomorrow's trading, as the BoC is expected to keep the rates unchaged.
Let's dig in!
FX_IDC:USDCAD
MARKETSCOM:USDCAD
Let us know what you think in the comments below.
Thank you.
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USD/CAD BULLS ARE STRONG HERE|LONG
Hello, Friends!
USD/CAD pair is in the downtrend because previous week’s candle is red, while the price is evidently falling on the 1D timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.418 because the pair 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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USD/CAD Breakout Pattern (15.04.2025)The USD/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Breakout 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 – 1.4034
2nd Resistance – 1.4131
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"USD/CAD Short Setup – Supply Zone Rejection & Bearish Target 🔵 Supply Zone
📍 Marked between 1.39039 and 1.39624
🔥 Strong selling pressure area
🧱 Price previously dropped from here — possible resistance again.
🎯 Trade Setup
🟢 Entry Point
⚡ 1.39039 (just below supply zone)
Waiting for price to tap the zone and show bearish confirmation
❌ Stop Loss
🚫 1.39624 (above supply zone)
Break above invalidates the setup
🏁 Target Point
🎯 1.36510
Based on previous support area
Potential profit of ~245 pips
📊 Risk-to-Reward Ratio
📉 Risk: ~58 pips
💰 Reward: ~245 pips
🧮 R:R = 1:4.3 — excellent!
📈 Trend Confirmation
📉 Price below EMA (7) — short-term bearish
🧠 Momentum supports sell setup
🗓️ Economic Events Incoming
📢 News icons suggest upcoming events that may cause volatility
⚠️ Be cautious with timing — news may shake the market!
USDCAD Analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
After a huge move, USD/CAD may be due to reboundUSD/CAD has strengthened significantly over the past few days as markets have been shaken by President Trump’s new trade war with Canada and the rest of the world. That said, USD/CAD may be due for a pause in its recent rally and could consolidate somewhat, having reached some key technical indicators and support levels.
The loonie’s relative strength index fell to 29, while USD/CAD dropped below the lower Bollinger Band at CA$1.387. This magnitude of movement suggests that USD/CAD is currently oversold and may be due for either a short-term rebound or a period of sideways consolidation. The pair could also bounce back towards resistance at CA$1.416 or the 20-day moving average at CA$1.421.
However, if USD/CAD breaks support at CA$1.3870, it could signal that further strengthening lies ahead, with the potential to drop towards CA$1.359, which served as an important area of support and resistance between December 2023 and October 2024.
USD/CAD could continue strengthening against the dollar; the greenback has weakened versus multiple currencies, and any pause in the dollar’s current downtrend may be short-lived, due to possible massive deleveraging out of the US and capital flow back to their nations of origin. Still, after such a significant move, USD/CAD seems potentially due for at least a short-term period of consolidation before the uptrend resumes.
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.
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USDCAD 1 day time frame 📉 Overall Structure: Descending Channel
The price is moving within a clearly defined descending channel, indicating a downtrend.
Price is respecting both upper and lower boundaries of the channel, confirming strong bearish momentum.
📍 Key Levels:
🔻 Support Area (~1.3740–1.3800)
Price is currently hovering near the bottom boundary of the channel and just above a marked support zone.
Historically, this zone has triggered bullish reactions, making it a key level to watch for a potential bounce or reversal.
🔺 Resistance Area (~1.4150–1.4200)
Marked in purple, this zone aligns with previous swing highs and structure, making it a significant resistance level.
If price bounces from the current support, this is the first target area to watch.
📊 Volume
Notice the increased red volume bars as the price moved lower – this confirms strong selling pressure.
However, the recent candle shows a smaller body with lower volume, hinting at a potential exhaustion of sellers.
📉 RSI (Relative Strength Index) – Oversold
RSI is at 29.47, which is below the 30 level – indicating the pair is oversold.
When RSI dips this low, it often precedes a bounce or temporary bullish correction, especially if price is at a key support (which it is).
✅ Trade Idea / Potential Setup
Bullish Reversal Setup Possible:
The confluence of:
Oversold RSI,
Major support,
Bottom of the descending channel,
makes this a potential area for a long (buy) position.
Target: Resistance area around 1.4150–1.4200 (2.5% gain).
Stop-loss: Below the channel/support zone to limit risk.
🧠 Summary:
USDCAD is in a downtrend but currently testing a major support area at the channel bottom.
RSI is oversold, suggesting limited downside.
Look for bullish confirmation (e.g., bullish engulfing candle or a break of short-term structure) before entering long.
USDCADPotential Buys,
Broke from a short term downtrend within a long term overall trend. Using previous down trend resistance as a new support backing up as a confluence for this trade
USDCAD LONGOpening a long position on USD/CAD based on a bullish outlook for the U.S. dollar and potential Canadian dollar weakness. The pair has found strong support near and is showing bullish momentum with a break above , supported by rising moving averages and positive RSI/MACD crossover.
Entry:
Stop Loss:
Take Profit:
Risk/Reward Ratio:
Timeframe:
Rationale: Strength in USD due to hawkish Fed stance, weaker oil prices pressuring CAD, and possible divergence in economic performance between U.S. and Canada.
USDCAD💡Chart analysis of the USD/CAD currency pair (daily time frame). The price broke the support structure and shifted to a downtrend. Wait for a retest of the red zone and enter a short position from it if bearish price action (such as a reversal candle) appears. MACD indicator: There are no signs of weakening negative momentum so far, which reinforces the downside scenario.
⛔️Not investment advice for educational purposes only.
USDCAD | 14.04.2025BUY 1.38600 | STOP 1.37700 | TAKE 1.39800 | Technical view: divergence. A probable upward correction from the strong medium-term support level will bring the price back to the 1.40000 area.
USDCAD Price on USDCAD is at a important decision point. All timeframes are bearish but we are sitting at weekly resistance that has held since 2022. Just by looking at the trend I would want price to go below that zone and shift structure so we can look for a entry to sell. But in my opinion I think this week it will do some retracing back to one of those higher zones. As the week goes on we will see how price plays out.
USDCADHello Traders!
What are your thoughts on USD/CAD?
After its recent decline, USD/CAD has reached the bottom of the descending channel and a key support zone.
This area may act as a strong support, and we expect a bullish reaction from here.
We anticipate a bounce from this support zone, with the price potentially rising at least toward the specified target level.
Will USD/CAD hold the support and rebound, or break lower? Share your thoughts below!
Don’t forget to like and share your thoughts in the comments! ❤️
USDCAD Breakout Setup Brewing — Watch These Key Zones Closely!USDCAD is sitting on a major demand zone around 1.38579 — clearly marked by the orange box. We’ve seen strong rejections here in the past, and price is now consolidating at the very edge of this zone.
Above us, there’s a key resistance level at 1.40664, aligning with the supply zone (blue box). This creates a beautiful range-trading opportunity or even a potential breakout play.
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What to Watch:
1. Bullish Scenario (Green Arrows):
If price holds this demand zone, we may see a bounce to 1.40664 or even a clean breakout toward 1.42000.
Watch for a strong bullish engulfing candle or liquidity sweep at the bottom of the zone.
Confirmation could be an impulsive move up with volume.
2. Bearish Break (Low Probability for Now):
If price breaks and closes below 1.38500, expect a deeper drop — but volume and structure will confirm this.
Look for a retest of the zone from below before shorting.
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Why This Setup Matters:
Order blocks and supply/demand zones show where smart money trades.
Combining price action + structure + zones gives you a high-probability edge.
No need for indicators — just read the chart and wait for confirmation.
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My Plan:
I’m watching this zone closely for a bullish reaction. If I get a clean entry signal, I’ll target 1.40664 and trail my stop.
Risk management is key — no FOMO.
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What Do You Think?
Will USDCAD bounce or break?
Drop your thoughts in the comments and let’s learn together!
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