USDCAD BUY 1.3575On the weekly chart, USDCAD forms a potential bullish bat pattern in the short term, with the buying position focusing on 1.3575, which is also within the previous demand area.
USDCAD trade ideas
USDCAD TREND REVERSAL OR CONTINUETION OF BEARISH TREND? The price has been making lower highs and lower lows, especially from late May into early June, indicating sustained downward momentum. There is a small bullish pullback (seen in the last few candles), but no strong reversal confirmation yet if price action form BOS and invers H & S then we can expect a short term bullish trend reversal.
check the trendIt is expected that the price will consolidate above the resistance area, then the continuation of the upward trend will be possible. Otherwise, the corrective and downward trend will continue.
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.
seeking liquidity to go higherwe are seeking liquidity to pair our longs with these will be found below liquidity pools we expect to close higher this week
Bearish reversal off overlap resistance?USD/CAD is rising towards the resistance level which is an overlap resistance that lines up with the 23.6% and the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.3691
Why we like it:
There is an overlap resistance that lines up with the 23.6% and the 50% Fibonacci retracement.
Stop loss: 1.3738
Why we like it:
There is a pullback resistance level that is slightly below the 50% Fibonacci retracement.
Take profit: 1.3635
Why we like it:
There is a pullback support level.
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possibility of uptrendThe price is expected to cross the resistance trend line and advance to the specified resistance area. Then, considering the price behavior in the resistance area, possible scenarios have been identified.
USDCAD A chance for Fall DownI see A chance for Fall down after breaks LEVEL 2 (trend line) similar to what happened before.
lets wait and see will happened next week.
Do you agree ? what's your idea ?
Potential bearish drop for the Loonie?The price is rising towards the pivot, which is an overlap resistance, and could drop to the 1st support.
Pivot: 1.3683
1st Support: 1.3590
1st Resistance: 1.3707
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USDCAD massive breakout on Friday? - superswingI´m expecting massive breakout of this pair on Friday due to US (and CAD) NFP. If you decide to trade this pair, you can enter now at current market price 1,38218 or wait for premium-rejection zone at 1,39300-600. Personally I will use the 1. option and average higher if market let me. Use logical size to trade this idea. Every red line is a rejection zone, so TP your trade partially at these line. Do not try to reach the final target with full size. You can consider to trail your profit by moving the SL continuously down when red line is reached. Wish you good luck.
USDCAD BUY SIGNAL Entry Point: 1.36800USDCAD BUY SIGNAL
Entry Point: 1.36800
🎯 Target 1: 1.37500
🎯 Target 2: 1.38000
🎯 Final Target: 1.38300
⚠️ Risk Management is CRUCIAL
– Use a proper stop-loss every time
– Don’t overexpose your account
– Risk only what fits your strategy
📊 Trade Setup Insight:
– Price rebounding from support
– Bullish structure forming
– Momentum favoring upside push
✅ Book profits at each level
✅ Adjust SL to breakeven after T1
✅ Patience > Emotion in trading
📌 Consistency brings results
📌 Follow your system – not the crowd
📌 Capital protection = long-term success
📢 Educational purposes only – trade smart, trade safe!
USD/CAD under pressure as RBC warns of dollar overvaluationRBC Global Asset Management has warned that the U.S. dollar appears significantly overvalued. The firm points to the ballooning U.S. budget deficit—now forecast to surpass $1.9 trillion this year—as a key factor behind its bearish outlook.
RBC's position might be reflected in the FX market with the USD/CAD under pressure. The pair has been forming lower highs and lower lows since late May, suggesting a potential continuation of the short-term downtrend.
Key support levels to watch might include 1.3640, 1.3600, and potentially 1.3560 if selling accelerates. On the upside, a recovery might need to break above 1.3720, with further resistance possibly around 1.3760 and 1.3820.
USDCAD 04/06 – BoC Rate Decision Ahead USDCAD 04/06 – BoC Rate Decision Ahead | Will the Market Break Higher or Reverse From 1.3820?
The USDCAD pair is trading around the 1.3700 area as markets prepare for the upcoming Bank of Canada (BoC) interest rate decision. Price action shows potential for a breakout, but macro risks remain high.
🌍 MACRO OUTLOOK
BoC Expected to Hold Rates
Analysts widely expect the BoC to keep the interest rate unchanged at 2.75%, marking the third consecutive pause. Inflation has slipped below 2%, supporting the case for a dovish tone.
Trade Policy in Focus
With growing global uncertainties and Trump’s trade stance back in the spotlight, BoC Governor Tiff Macklem is expected to address policy risks, especially related to tariffs.
Market Sentiment
USD is mildly weaker after soft ISM data.
CAD remains near YTD highs but sensitive to policy commentary.
📉 TECHNICAL OUTLOOK – H2 Chart
Price is forming a potential double bottom near the 1.3693 zone – a key structure support.
Resistance sits at 1.3725 – 1.3757. A confirmed breakout could lead to a test of 1.3824, the recent high.
Failure to hold 1.3690 may expose deeper downside toward 1.3620–1.3600.
🔑 KEY LEVELS TO WATCH
🟢 BUY ZONE: 1.3693 – 1.3700
SL: 1.3670
TP: 1.3725 → 1.3757 → 1.3800 → 1.3824
🔴 SELL ZONE: 1.3824 – 1.3830
SL: 1.3850
TP: 1.3780 → 1.3750 → 1.3700 → 1.3650
🎯 TRADE STRATEGY
If BoC holds rates with a dovish bias, USDCAD may rally sharply toward 1.3824 and potentially higher.
If BoC surprises with hawkish comments, CAD strength may push the pair lower, targeting the 1.36 handle.
Traders should be cautious around 1.3690 – this is the pivot zone for the week.
📌 CONCLUSION
“The BoC’s decision may already be priced in – but the true volatility could come from Governor Macklem’s press conference. Any hint regarding Trump’s trade policies could trigger sharp moves. Stick to clean key levels and protect your capital.”
USDCAD - Short ContinuationHave a really nice short currently open on USDCAD
However I am looking to get a further position opened which come in the morning.
There's a clear break of structure.
- A nice FVG left behind.
- We are creating liquidity / inducement
- All pointing towards a nice further sell off in the morning.
Ideal situation is we sweep Asian session highs in the morning in the hope we move lower
USD/CAD Holds Near 2025 LowUSD/CAD Holds Near 2025 Low
As the chart shows, the USD/CAD exchange rate hit its lowest level of 2025 on 2nd June, nearing the 1.3680 mark. Although there was a partial recovery on 3rd June, it was not substantial.
These fluctuations reflect market participants’ cautious sentiment ahead of key announcements scheduled for today, 4th June:
→ At 15:15 (GMT+3), the ADP Employment Change figures will be released, offering insight into the US employment situation. Traders are concerned as the previous reading was only +61K — a sharp contrast to the consistent triple-digit increases seen throughout 2024.
→ At 16:45 (GMT+3), the Bank of Canada will announce its interest rate decision. According to ForexFactory, analysts expect the overnight rate to remain unchanged at 2.75%, though surprises cannot be ruled out.
Technical Analysis of USD/CAD
Since the second half of April, the price has been moving within a downward channel (marked in red), largely influenced by tariff-related developments in US-Canada trade relations.
Bulls are attempting to prevent further decline, taking advantage of the support provided by the channel’s lower boundary. Note the sharp rebound following a failed bearish breakout (marked with an arrow), which suggests strong demand around the 1.3700 level.
On the other hand, bears have gained control over the 1.3800 level, based on the following:
→ The exchange rate found local support at this level on 29th May, but it was breached on 30th May.
→ The drop from 30th May was notably aggressive, indicating strong selling pressure.
Given the above, it is reasonable to assume that if, following today’s news, the USD/CAD rate remains within the 1.3700–1.3800 range, it may signal that supply and demand have reached a stable balance. This could suggest that the pair is ready to stabilise after the intense volatility seen in the first half of April.
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CAD/USD TRADE ALERT – SELL NOW Sell Entry Point: 1.37216CAD/USD TRADE ALERT – SELL NOW
Sell Entry Point: 1.37216
🎯 Final Target: 1.36497
📉 Bearish setup forming – opportunity in play!
🔍 Watching key resistance near 1.3720
📊 Downside momentum could take us toward 1.36497
🧠 Patience and precision matter in execution.
🛑 Always use a stop-loss – protect your capital!
⚠️ Risk Management is NON-NEGOTIABLE
📉 Don't overleverage – smart sizing = long-term survival.
📈 Know your levels – plan before you enter.
🔄 Let the trade play out – no panic, no FOMO.
🧭 Stay focused, stick to your setup.
💡 Each trade is a lesson – win or lose.
🗺️ Economic factors in play – stay informed.
💬 Drop your CAD/USD analysis below!
📚 Consistency beats intensity in trading.
⏳ Trust the process, not the noise.
🙌 Trade with confidence, not hope.
🚨 Watch the charts – price action leads the way.
#CADUSD #ForexTrade #SellSetup #RiskManagement #DisciplineMatters
USDCAD BUYWaiting for rejection off the liquidity zone.
Then I will look to buy from that zone.
Buying only after the break above the HMA and the retest of the liquidity zone
**This is just my trading thought process and does not constitute as financial advice.
**Please trade with proper risk management*
USD/CAD Setup _ Bearish Momentum BuildingThe USDCAD 45-minute chart shows a clear downtrend, with price breaking below a rising channel and retesting a previous support-turned-resistance zone. A bearish breakout has occurred, indicating strong selling momentum. The confluence of trendline resistance and horizontal zone rejection reinforces the bearish bias. Price action has failed to sustain above the marked resistance, suggesting further downside. The setup is based on a break-and-retest strategy, favouring short positions as long as price remains below the resistance zone.
Entry: 1.37200
1st Target: 1.36480
2nd Target: 1.36190
USD/CAD BUYING OPPORTUNITY.i'm waiting for a buying opportunity here on the USD/CAD because i believe its continuing the bullish movement and it has also broke out from a descending triangle on a 4H and retested it and it currently has good bullish momentum.
USDCAD Hello traders,
Since I didn't find any valid opportunities on my primary pairs today, I looked into some alternative setups — and USDCAD caught my eye 🙂
I spotted a potential sell opportunity, and I’ve already entered the trade. Below are the details of my entry and target levels:
🔍 Trade Details:
✔️ Timeframe: 15-Minute
✔️ Risk-to-Reward Ratio: 1:1.50 / 1:2
✔️ Trade Direction: Sell
✔️ Entry Price: 1.37248
✔️ Take Profit: 1.37054
✔️ Stop Loss: 1.37345
🔔 Disclaimer: This is not financial advice. I’m simply sharing a trade I’ve taken based on my personal trading system, strictly for educational and illustrative purposes.
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