USDCAD | 09.06.2025BUY 1.36800 | STOP 1.36000 | TAKE 1.37800 | Technically, a local upward reversal pattern and divergence is forming.
CADUSD trade ideas
Check the trend A trend change is expected to form within the current support area and we will see the start of an uptrend. A consolidation above the blue trend line will confirm the uptrend.
USDCAD SHORT FORECAST Q2 W24 D10 Y25🔥👀USDCAD SHORT FORECAST Q2 W24 D10 Y25
TECHNICAL HOTPICK ! 💥💥
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
💡Here are some trade confluences📝
✅4H order block rejection
✅HTF 50 EMA
✅Intraday bearish breaks of structure to be identified
✅15’ order block identified
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
USDCAD SHORT FORECAST Q2 W24 D13 Y25USDCAD SHORT FORECAST Q2 W24 D13 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
💡Here are some trade confluences📝
✅1H order block
✅HTF 50 EMA
✅Intraday bearish breaks of structure to be identified
✅15’ order block identified
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
USD/CAD Breaks Through Multi-year Trend Support USD/CAD broke through a key pivot zone last week at 1.3721/94- a region defined by the 38.2% retracement of the 2021 advance and the 61.8% retracement of the late-2023 advance. The subsequent decline is now extending more than 2.9% off the May highs with initial support within striking distance.
Weekly momentum has now dropped to the lowest levels since 2021 and a break of the 2021 uptrend (2022 trendline) threatens further losses ahead. Initial weekly support rests at the 1.618% extension of the February decline / 78.6% retracement of the late-2023 advance near 1.3504/23. Note that basic channel support converges on this threshold over the next few weeks and further highlights the technical significance of this zone (area of interest for possible downside exhaustion / price inflection IF reached). Subsequent support rests with the 2024 low-week clow (LWC) at 1.3360 and the 2023 LWC at 1.3218.
Weekly resistance is now eyed back at 1.3721 & 1.3795. Broader bearish invalidation is now lowered to the 52-week moving average / 2022 swing high near ~1.3961/78- a breach / close above the yearly channel would ultimately be needed to suggest a more significant low is in place.
Bottom line : USD/CAD has broken below multi-year uptrend support and threatens further losses in the weeks ahead. From a trading standpoint, look to reduce portions of short-exposure / lower protective stops on stretch towards 1.3523 IF reached- rallies should be limited to 1.3795 IF price is heading lower on this break with a close sub-1.35 needed to fuel the next major leg of the decline.
-MB
Will CAD bulls eventually fade away?During the North American session, the USD/CAD exchange rate continued its downward trend and is currently trading above 1.3600, approaching the support zone at 1.3600. If the exchange rate effectively holds the 1.3600 support zone, accompanied by RSI bottom divergence and MACD death cross repair signals, there may be a short-term technical rebound. The initial resistance above is still at 1.3700. If it can break through, it may open up space to 1.3800.
Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
USDCAD Downtrend ResumesPrice continues to decline while respecting the daily resistance trendline. The next target is daily demand zone as shown and if it bounces in that zone and retraces it will continue to drop until weekly demand has been retested.
Usdcad Usdcad has been on a down trend I posted the signal few days ago and this is the result we are milking it
Oil's Volatility Meets Fed's Patience: A Path to 1.3643?USDCAD – Oil's Volatility Meets Fed's Patience: A Path to 1.3643?
🌍 Macro Landscape: Diverging Monetary Paths & Oil's Influence
The USDCAD pair is currently navigating a complex environment shaped by diverging central bank policies and the significant influence of crude oil prices. While the Federal Reserve is signaling a "higher-for-longer" interest rate stance due to sticky inflation, the Bank of Canada (BoC) is in a more nuanced position, balancing inflation control with economic growth. This divergence creates a fundamental tailwind for the USD.
However, Canada's economy is heavily tied to commodity prices, especially crude oil. Recent volatility in oil markets can exert significant pressure on the Canadian dollar. If oil prices remain subdued or face downward pressure, it could exacerbate the CAD's weakness against the USD, amplifying the impact of policy divergence.
🏦 Central Bank Policy Divergence: Fed's Firmness vs. BoC's Caution
Federal Reserve: FOMC members continue to signal patience on rate cuts. Recent inflation data (PCE, CPI) shows persistent price pressure, particularly in the services sector, reinforcing the Fed's hawkish bias. This suggests the USD may retain its strength as higher rates attract capital.
Bank of Canada: The BoC, while having taken aggressive steps previously, might be more cautious in its future rate decisions. Any dovish undertones or hints at pausing rate hikes could weaken the CAD. Conversely, a resurgence in inflation or stronger economic data could prompt the BoC to maintain a firm stance.
This policy divergence, coupled with external factors like commodity prices, creates a fertile ground for significant moves in USDCAD.
🌐 Capital Flows: Safe-Haven Dynamics and Commodity Impact
Global capital flow models indicate a shift towards the US dollar as a preferred safe haven amidst geopolitical tensions and global economic uncertainties. While Gold remains a traditional hedge, the USD's yield advantage makes it an attractive destination for institutional capital.
For CAD, its sensitivity to commodity prices means that capital flows are heavily influenced by the outlook for global growth and energy demand. A softening global economic outlook could lead to reduced demand for commodities, weighing on the CAD, and potentially driving inflows into USD-based assets.
📊 Technical Structure: Channel Breakdown & Bearish Momentum Towards 1.3643
On the H1 chart (as observed from the provided image):
Price Channel: USDCAD has been trading within a clear ascending channel. However, the price recently broke below the lower boundary of this channel, suggesting a potential shift in momentum from bullish to bearish.
Moving Averages: The price has moved below the EMA 13 – 34 – 89. This bearish alignment (EMA "fan-out formation" in reverse) confirms a short-term bearish momentum is building. The 200 EMA (red line) is currently acting as a key resistance level, near the prior support turned resistance.
Key Resistance (Sell Zone): The region around 1.36989 (aligning with previous support and possibly a Fibonacci retracement level) is now acting as a crucial resistance. Any retest of this zone, especially with bearish candlestick patterns, could offer selling opportunities. The 200 EMA reinforces this zone as a strong overhead barrier.
Key Support (Target Zone): The price is projected towards 1.36431. This level aligns with a strong prior support and also coincides with the Fibonacci Extension 1.382 level from a previous swing, making it a high-probability target for bearish moves. A bounce from 1.36734 (a mid-channel support or Fibonacci level) could offer a temporary reprieve, but the overall technical structure points to the lower target.
🎯 Trade Strategy Recommendations
Scenario 1 – Sell the Pullback (Preferred):
Entry: 1.3685 – 1.3695 (retest of broken channel line/resistance near 1.36989, possibly confluence with 200 EMA).
Stop-Loss: 1.3720 (above recent swing high/channel top).
Take-Profit: 1.3673 (initial target) → 1.3643 (main target) → 1.3620.
Scenario 2 – Breakout Momentum Sell (if price consolidates below 1.3673):
Entry: 1.3670 (break below 1.36734 with strong bearish momentum).
Stop-Loss: 1.3690.
Take-Profit: 1.3643 → 1.3620.
⚠️ Key Events to Watch:
US PCE Price Index (upcoming data): If hotter-than-expected, this would reinforce the Fed’s hawkish tone and lift USD.
Canadian CPI (upcoming data): Cooler-than-expected inflation could prompt a more dovish stance from the BoC, weakening CAD.
Crude Oil Inventory/News: Any significant news or data regarding global oil supply/demand can directly impact CAD.
USD/CAD BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
Bullish trend on USD/CAD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 1.367.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
Usdcad Sellim still believe the market can push down more it is reacting to the Daily zone and is respecting the 1hr supply line(green dots). ive extended the sl since my analysis is based on htf price action and trend
USDCAD Preparing for Major Breakout? | Key Levels + SetupUSDCAD is currently trading just below a key breakout zone at 1.36991, with strong demand holding the 1.36000 - 1.36800 range.
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🔶 Technical Analysis:
✅ Support Zone (Demand):
The 1.3600 - 1.3680 region has acted as a strong base for several weeks now, with repeated tests and rejections confirming institutional interest.
✅ Resistance to Watch:
1.36991 – immediate breakout level
1.39744 – mid-range target
1.42591 – major supply/TP2 area
🟣 Volume Profile & LuxAlgo S&D:
Visible range & LuxAlgo show accumulation in the current zone, signaling a possible bullish reversal. Volume is increasing at key levels.
📉 Recent downtrend may be exhausted, as price forms a base and shows signs of strength from buyers.
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🧠 Trade Idea:
🎯 Breakout Buy Setup:
Entry: Above 1.3700 (confirmation of breakout)
TP1: 1.3974
TP2: 1.4259
SL: Below 1.3640 (below demand zone)
📊 RR Ratio: ~1:2.5
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⚠️ Watch This:
📅 Upcoming USD news (marked below chart) could act as a catalyst
💥 Breakout above 1.3700 with volume = potential strong bullish rally
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📌 Summary:
USDCAD is consolidating in a high-demand area. A break above 1.3700 may trigger a bullish continuation targeting 1.3974 and possibly 1.4259. Patience and confirmation are key.
🚀 Are you watching this setup too? Drop your thoughts below!
#USDCAD #Forex #Breakout #LuxAlgo #SmartMoney #TradingView #PriceAction #4HSetup #ForexSignals
Short ideaTrade as per your confluences & risks
I have the right to go wrong
My probability is just above 60%
THE USD CAD PAIR USD/CAD 1H Chart – Busy with Levels but the Bias is Clear 📊✨
Multiple confluences pointing to bullish intent: trendline support, key demand zones, and clean higher lows. Despite the clutter, price is respecting structure. Watching for a clean break above recent highs to ride the buy-side liquidity sweep. Eyes on 1.38+ 📈
#ForexTrading #USDCAD #SmartMoney #TechnicalAnalysis"
USDCAD Trade Signal – BUY NOW Entry Point: 1.36780USDCAD Trade Signal – BUY NOW
Entry Point: 1.36780
🎯 1st Target: 1.37000
🎯 Final Target: 1.37300
📈 Bullish momentum spotted on USDCAD
📊 Strong support at 1.3670 holding firm
🟢 Clean upside potential for short-term traders
🔍 Technicals show breakout confirmation
🧠 Risk Management is Crucial
📉 Recommended Stop-Loss: Below 1.36550
⚖️ Risk only 1–2% of your capital
🛑 No overleveraging — protect your account
💼 Ideal setup for intraday/swing traders
🧭 Let the market come to you
📌 Set alerts, stay focused
🕒 Be patient, follow your plan
🔁 Don’t chase, execute with precision
📢 Trade smart, trade safe!
💬 Drop your thoughts or results below 👇
usd/cadTRADE 2 looking for a long let the flow take it where its going just using momentum and following up on price movment
Can 1.3633 Construct a Bottom?The USD/CAD exchange rate continues to maintain a (sideways) pattern, currently trading around 1.37. Although the US dollar is fundamentally supported by the boost from the US non-farm payroll data and the optimistic expectations of trade negotiations in major economies, the overall market sentiment remains cautious. The Canadian dollar is supported by the strengthening of crude oil prices, and the exchange rate trend presents a complex pattern of mixed long and short positions. In the short term, if the exchange rate can effectively break through 1.3800 and stabilize above this level, it will open up further upward space. The next targets may point to the middle track of Bollinger Bands at 1.3823 and the previous platform resistance area at 1.3900. However, if it is blocked again at the 1.3800 line and falls back, it will increase the market expectation of "making a new low after a technical rebound". At that time, the supports will focus on 1.3640 and the low point of 1.3633. If the latter is broken, it will open up the downward space to 1.3600 or even 1.3550.
Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
USDCAD Trade Setup - 8/Jun/2025Hi Traders,
I expect this pair to go more up after finishing this correction.
How to Enter : Look for engulfing in highlighted zone.
USDCAD - Volume Blow-Off Top?USDCAD had a quick run-up on relatively high volume but is forming a indecision Doji.
Watch to see if it is a reversal candle or whether it becomes another long green bullish one.
UCAD Bulls Look for 3rd Test After Sept. '24 Highs TouchOANDA:USDCAD Bulls were able to find support at the Sept. 2024 Highs after having traveled down a Falling Support for the past 2 months!
Now we see Bulls pushing price higher creating a Rising Support with 2 tests having been successful and currently coming down for a 3rd test!
Now Price has already broken a Previous Level of Structure which was a Past Resistance on June 4th. This level also lands right at the 34 EMA and based on the Bollinger Bands, this test will also be a Mean Reversion where Price after having traveled in one direction will revert back to the mean of the Bollinger Bands for Continuation, which in this case will be Bullish!
After the 2nd Test of the Rising Support, we can see a Massive amount of Volume enters.
Price also is trading Above the 50 on the RSI and is currently coming down to test that level.
I am looking for Price to test the 1.3683 area and if Price shows support for a 3rd Test, this will be a great opportunity for Long Positions!
Fundamentally, USD will be bombarded heavy news being CPI numbers with analysts forecasting a .2% Increase in Inflation! Also PPI, Unemployment Claims and Prelim UoM Consumer Sentiment & Inflation Expectations.
