Get started

Usdcadanalysis

USD/CAD Falls to November LowUSD/CAD Falls to November Low The Canadian dollar has strengthened, influenced by several factors — the most important of which is arguably the easing of domestic political tensions. According to media reports, Canada’s draft budget has passed its first round of voting. Although several stages of review remain, the result suggests that there are enough votes for the budget to be approved in the end. Had the draft budget failed to pass, it would almost certainly have resulted in the resignation of Prime Minister Mark Carney and the calling of new parliamentary elections less than a year after the previous ones. With the risk of political turmoil receding, the Canadian dollar effectively “breathed a sigh of relief”, appreciating against other currencies. Technical Analysis of the USD/CAD Chart This autumn, movements in the USD/CAD pair have shaped a broad ascending channel. Within this structure: → the median line acted as resistance at the start of the week; → yesterday’s sharp decline pushed the pair into the lower quarter of the channel, and today the QL line is demonstrating resistance. This indicates that sellers are currently in control, having: → broken through local support at 1.40175; → kept the pair below the psychological 1.40000 level. It is possible that they will attempt to extend this momentum and drive USD/CAD towards the lower boundary of the channel — and if that happens, forex traders may look for opportunities to trade a potential upward reversal from this key support. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
USDCAD – Clean Daily Buy Scenario Price has already established a bullish Break of Structure (BOS), confirming upside order flow on the daily timeframe. After that BOS, the market dipped back down to sweep the previous low, clearing out sell-side liquidity and creating the fuel required for a bullish continuation. From there, price impulsively rallied, leaving behind a clear imbalance (IMB) and an unmitigated Daily DBR Demand zone the origin of the bullish displacement. As price pulls back, the expectation is for a corrective move into this DBR demand. This zone represents discounted pricing aligned with the dominant trend and offers high-probability buy setups once lower-timeframe confirmations show up (reaction, BOS, or displacement). If this demand holds, the next bullish leg should target the highs created above the imbalance, continuing the overall upward structure.
Long
by Jabu_Souls07
USD/CAD Price Outlook – Trade Setup (USD/CAD)📊 Technical Structure OANDA:USDCAD USD/CAD remains supported above 1.4014–1.4019, a key intraday demand zone that has supported price multiple times over the past sessions. Price is attempting a rebound from this support area, pushing back toward the 1.4040–1.4045 intraday pivot. A sustained move above 1.4050 may open room for a continuation toward the resistance zone at 1.4066–1.4072, which aligns with previous supply and structural highs on the 30M chart. Failure to hold 1.4010 would invalidate the bullish setup and expose downside risk toward 1.3980. Overall, price action favours a buy-the-dip structure as long as the support zone remains intact. 🎯 Trade Setup Idea: Buy from support zone for continuation toward resistance. Entry: 1.4014 – 1.4019 Stop Loss: 1.4011 Take Profit 1: 1.4066 Take Profit 2: 1.4072 Risk–Reward Ratio: ≈ 1 : 6.46 Bias remains short-term bullish while the pair trades above 1.4010. 🌐 Macro Background USD/CAD extends modest gains around 1.4030–1.4050 during Monday’s Asian session as the Canadian Dollar weakens alongside declining crude oil prices. According to FXStreet, “USD/CAD holds gains near 1.4050 as lower crude Oil prices weigh on the Canadian Dollar.” 【FXStreet】 Oil Pressure on CAD: WTI crude pulls back from last session’s 2% rise, trading near $59.30 after Russia’s Novorossiysk port resumed operations following a two-day shutdown caused by a Ukrainian drone strike. Meanwhile, the IEA warns of a potential 4 million bpd oversupply in 2026, reinforcing bearish pressure on energy markets. BoC Expectations: Markets expect the Bank of Canada to hold rates steady through 2026, unless economic conditions deteriorate further. October CPI data later today could influence rate expectations. Fed Commentary: Hawkish remarks from Fed officials continue to support the US Dollar. Kansas City Fed President Jeffery Schmid said monetary policy should “lean against demand growth,” calling current conditions “modestly restrictive.” Rate Cut Odds: CME FedWatch shows 46% probability of a 25bps Fed cut in December — a sharp decline from 67% last week, reducing near-term dovish expectations. Overall, the macro backdrop remains slightly USD-supportive, maintaining upward pressure on USD/CAD as long as oil prices stay weak and Fed officials maintain a cautious stance. 🔑 Key Technical Levels Resistance: 1.4066 – 1.4072 Support: 1.4014 – 1.4019 Psychological Level: 1.4050 📌 Trade Summary USD/CAD sustains above the 1.4010 support region, keeping the short-term bias tilted to the upside. Weakening oil prices and cautious Fed rhetoric favour a rebound toward 1.4066–1.4072. A break below 1.4011 would negate the bullish scenario and shift focus toward 1.3980. ⚠️ Disclaimer This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
Long
by ATFX_Global
USD/CAD: Wave of Destruction or Dollar RevivalUSD/CAD: Wave of Destruction or Dollar Revival 📈 Possible Scenarios for the Week Bearish Scenario (Main Scenario): Price breaks below ~1.3777 Wave (5) is developing → possible decline to ~1.3570–1.3425 Corrective (Bullish) Scenario: USD/CAD holds current support A corrective wave upward is developing to ~1.3970–1.4150 Consolidation: Range between ~1.3777 and ~1.3970 Prices are gaining strength before the next impulse ✅ Conclusion USD/CAD could see significant movement in the coming week—the pair is at a crossroads: either the major bearish impulse will continue, or an upward correction will begin. Key levels: 1.3777 (support) and 1.3970 (resistance) When trading, it's worth watching for confirmation of the wave structure and price reaction at the designated levels.
by Trade_Hive_Signals
There is potential for a correction in the coming months.We are entering one of the most exciting market phases: the start of new major impulse waves in various currency pairs. For the USD/CAD pair, the corrective phase is coming to an end, and the next major move is forming. What happens next could define opportunities for the next 3–6 months. Additional Context Analysis: This analysis uses Elliott Wave terminology, which divides market movements into impulse waves (movements in line with the trend) and corrective waves (movements against the trend). The key message is that the recent USD/CAD price volatility is merely a correction ahead of a much larger and more profitable impulse move.
Short
by NouzTrader
USD/CAD) Bearish trend analysis Read The captionSMC Trading point update Technical analysis of USD/CAD on the 1-hour timeframe. Let’s break down the analysis idea clearly: --- l Market Context The overall trend is bearish, as price is trading below both the 50 EMA and 200 EMA, which are sloping downward. The recent bullish correction appears to have been a retracement within the broader downtrend. --- Key Technical Insights 1. Bearish Structure: Price broke below a previous low and confirmed a lower low (LL). A small bearish flag or rising channel formed during the retracement — a common continuation pattern. 2. Supply Zone (Blue Box): This zone represents the previous demand turned supply, where sellers re-entered strongly. Price tapped into this area and sharply rejected, confirming supply dominance. 3. EMA Confluence: Both EMA(50) and EMA(200) are above price, acting as dynamic resistance. The rejection from the blue zone occurred around EMA confluence — a strong bearish confirmation signal. --- Projected Price Action The structure suggests a minor pullback (to form a lower high) before continuing downward. The drawn path shows price retesting a small intraday resistance area before resuming the drop. Target Point: 1.39689 — near the next structural low / liquidity area. --- Trade Idea Summary Bias: Bearish continuation Entry Zone: 1.4010–1.4030 area (retest of minor resistance or broken structure) Target: 1.3969 Stop-Loss: Above 1.4048 (above supply zone / EMAs) Risk/Reward Ratio: Approx. 1:2.5 to 1:3 potential setup Mr SMC Trading point --- Concept Summary This setup follows Smart Money Concepts (SMC) logic: Break of structure → Retracement into supply → Continuation in direction of the higher timeframe trend. --- Please support boost 🚀 this analysis
Short
by SMC-Trading-Point
9
USD/CAD) Bullish trend analysis Read The captionSMC Trading point update Technical analysis of USD/CAD 4-hour timeframe, based on Smart Money Concepts (SMC) and Fibonacci retracement confluences. Here’s a full breakdown of the idea behind this analysis: --- Overall Bias: Bullish Continuation The chart suggests that USD/CAD is in an uptrend, currently undergoing a corrective pullback into a key discount zone (buy area) before potentially continuing higher toward the next liquidity target. --- Technical Breakdown 1. Trend Context The pair recently broke structure to the upside, indicating a bullish shift in market structure (MSB). Price has been forming higher highs and higher lows, confirming bullish order flow. The 50 EMA (blue) and 200 EMA (black) are aligned in bullish order — 50 EMA above 200 EMA — signaling overall bullish momentum. 2. Retracement / Discount Zone Price is currently pulling back after a bullish impulse. The blue box zone represents a discount buy zone between 0.62–0.79 Fibonacci retracement levels. The green arrow marks the expected reversal area, showing potential demand and liquidity accumulation before continuation. Confluence: 200 EMA support 0.62–0.79 Fibonacci zone Prior structure / demand zone 3. Projected Price Path The price is expected to: 1. Dip into the discount zone (1.3980–1.3950 area). 2. Find bullish rejection / confirmation from that zone. 3. Reverse upward, targeting 1.42135 (the next liquidity / target point). 4. Target Point The target at 1.42135 aligns with: Prior swing high (liquidity zone). Fibonacci extension completion. Potential imbalance fill. --- Market Structure Summary Element Direction Key Levels Market Bias Bullish Demand Zone (Buy Area) 1.3980 – 1.3950 0.62–0.79 fib confluence Support Confluence 200 EMA + Demand Zone Entry Zone Bullish reaction from blue zone Target 1.4213 Liquidity target --- Trade Idea (Conceptually) Wait for price to reach the blue demand zone and show a bullish confirmation candle or structure shift. Then consider a long entry with: Entry: Around 1.3980–1.3960 Stop-loss: Below 1.3930 (beneath zone) Take-profit: Around 1.4213 Mr SMC Trading point --- Narrative Summary > This setup expects a bullish continuation following a corrective retracement into a high-probability demand area. The confluence of Fibonacci discount levels, EMAs, and structure support strengthens the case for buyers to rejoin the trend, targeting liquidity above 1.4213. --- Please support boost 🚀 this analysis
Long
by SMC-Trading-Point
5
USDCAD Eye a Deeper Pullback as Oil & Dollar Momentum CoolsUSDCAD, After a sharp rebound toward 1.4020, USD/CAD is showing signs of exhaustion as selling pressure re-emerges at the top of the recent range. With oil prices stabilizing near mid-60s and the Bank of Canada signaling patience amid weak but steady domestic data, the pair faces the risk of another leg lower toward 1.39 and possibly 1.38 if U.S. data underperforms. Current Bias Bearish – USDCAD is holding below key resistance at 1.4030, with price action suggesting a potential correction toward 1.3910 and 1.3810 in the short term. Key Fundamental Drivers Oil Recovery: Crude oil has rebounded from recent lows, supporting the Canadian dollar and easing upward pressure on USD/CAD. Divergent Central Bank Tone: The Fed remains cautious on cuts, while the BoC maintains a “wait and assess” stance, reflecting a balanced policy gap that limits upside for USD/CAD. Data Softness: Canada’s growth data remains sluggish, but labor market strength offsets deeper pessimism. Meanwhile, U.S. consumer and manufacturing resilience keeps USD demand steady. Yield Differentials: Modest narrowing between U.S. and Canadian yields favors mild CAD appreciation if risk sentiment holds stable. Macro Context U.S. economy continues to show solid momentum, though some leading indicators are flattening. Fed officials, including Logan and Schmid, have signaled that rates are restrictive enough but still not ready for aggressive cuts. In Canada, Q2 GDP showed contraction, but employment and wage data suggest the downturn is shallow. The BoC remains cautious, preferring stability over immediate easing. Oil’s moderate rebound and stable export demand provide underlying CAD support. Globally, energy market stabilization and China’s steady PMI data are limiting risk-off flows, reducing USD’s haven premium. Primary Risk to the Trend A sudden decline in oil prices or a hawkish shift from the Fed could reignite USD strength and push USD/CAD back toward 1.41+. Conversely, an unexpected BoC hawkish tone or strong Canadian employment data could accelerate the downside. Most Critical Upcoming News/Event U.S. ISM Manufacturing and Services PMI U.S. Non-Farm Payrolls and CPI data Canada Employment Report and Ivey PMI BoC’s Business Outlook Survey Leader/Lagger Dynamics USD/CAD typically acts as a lagger to broader USD trends but a leader among commodity-linked currencies (AUD/CAD, NZD/CAD). Oil and Treasury yield moves drive its direction, while DXY strength or weakness sets the overall bias. Key Levels Support Levels: 1.3910, 1.3810 Resistance Levels: 1.4030, 1.4080 Stop Loss (SL): 1.4070 (above structural resistance) Take Profit (TP): 1.3810 (lower support confluence) Summary: Bias and Watchpoints USDCAD carries a bearish bias as short-term momentum fades below 1.4030. The combination of firmer oil prices, a steady BoC stance, and a cooling dollar backdrop sets the stage for a pullback toward 1.3910 and potentially 1.3810. Traders should watch for confirmation from upcoming U.S. ISM and jobs data, which could either reinforce the correction or restore USD dominance. A stop above 1.4070 helps protect against sudden yield-driven spikes, while 1.3810 remains the key target zone aligned with both technical structure and the evolving macro narrative.
Short
by ultreosforex
6
USD/CAD) Bullish trend analysis Read The captionSMC Trading point update Technical analysis of USD/CAD on the 4H t Overall Concept The analysis suggests a retracement entry before a continuation to the upside. The market is currently bullish, respecting higher highs and higher lows. The analyst expects a pullback into a discount zone (Fibonacci retracement) before a move toward the target point at 1.41464. --- Technical Breakdown 1. Trend Context Price is trading above both the 50 EMA (1.40120) and 200 EMA (1.39622) → confirming bullish momentum. The strong impulsive bullish candles indicate institutional buying. 2. Key Levels Current Price: 1.40843 Retracement Zone (Potential Buy Area): Between the 0.62–0.79 Fibonacci retracement levels (≈1.4060–1.4040). Target Point: 1.41464 3. Fibonacci Tool The retracement tool is drawn from the most recent swing low to swing high. The blue shaded zone marks the discount entry zone, ideal for smart money re-entry after a short pullback. 4. Expected Move Scenario: Price retraces to the 0.62–0.79 zone (liquidity sweep or mitigation of demand) Then: A bullish continuation toward 1.4146 target level, which aligns with previous liquidity or imbalance area. 5. Volume & Confirmation Volume is moderate (14.73K), supporting a healthy bullish push after correction. Candlestick structure shows strong bullish impulses with minor pullbacks → confirming buyer control. --- Trade Idea Summary Bias: Bullish Entry Zone: 1.4060 – 1.4040 (Fibonacci discount zone) Stop Loss: Below 1.4020 (beneath previous structure) Target: 1.4146 Risk-to-Reward (RR): Approximately 1:3 or better Mr SMC Trading point --- Confirmation to Watch Bullish rejection candle or engulfing pattern within the blue zone EMA 50 holding as dynamic support Possible equal highs liquidity sweep near 1.4146 as the final take-profit zone Please support boost 🚀 this analysis
Long
by SMC-Trading-Point
1
#USDCAD: Price to continue remain bullish! Let's wait and watchDear traders, I hope you all are doing well. The USDCAD pair has been extremely bullish since the CAD currency began to decline. We now have an excellent opportunity to rise, with the potential for the price to reverse in good time. This analysis is based solely on the current market conditions and price behaviour, so it may differ from your own views. The target is a swing, and you can adjust it according to your own analysis. Please use this analysis for educational purposes only. Good luck and trade safely! Team Setupsfx_
Long
by Setupsfx_
8
USD/CAD(20251103)Today's AnalysisMarket News: Starting November 2nd, North America will begin observing winter time. Trading hours for US and Canadian financial markets (gold, silver, crude oil, US stocks, etc.) and the release times of economic data will be delayed by one hour compared to summer time. Technical Analysis: Today's Buy/Sell Threshold: 1.4008 Support and Resistance Levels: 1.4064 1.4043 1.4029 1.3986 1.3972 1.3952 Trading Strategy: A break above 1.4029 could be a buy signal, with a first target price of 1.4043. A break below 1.4008 could be a sell signal, with a first target price of 1.3986.
Long
by GoldenSpaceship
USDCAD: Momentum Falters as Bears Eye Deeper CorrectionAfter a strong run higher, USDCAD is now showing signs of exhaustion. Price action has slipped below a short-term trendline, and with CAD fundamentals anchored by oil prices, the pair looks increasingly vulnerable to a pullback. The recent stalling near 1.4070 suggests buyers may be losing grip, opening the door for sellers to drive a corrective wave lower. Current Bias Bearish – momentum has shifted, with lower highs forming and trendline support already breached. Key Fundamental Drivers USD: Fed officials remain cautious on cutting rates too quickly, but sticky inflation risks could limit downside in the dollar. CAD: Supported by oil market stability and resilient wage data, even as broader growth remains soft. Relative Outlook: CAD gains the upper hand in commodity-driven environments, particularly when oil stays bid. Macro Context Interest Rates: Fed is on a slower path to easing compared to the BoC, but markets have priced in eventual US rate cuts. Economic Growth: US growth is slowing but still outpacing Canada, though oil revenues balance the picture for CAD. Commodity Flows: Oil prices remain the most critical support for CAD. Any extended rally in energy prices strengthens downside bias in USDCAD. Geopolitical Themes: US trade tensions and global policy risks feed USD volatility, while CAD’s link to oil offers a clearer directional driver. Primary Risk to the Trend A sudden drop in oil prices or a hawkish Fed surprise could lift USD and break bearish momentum in USDCAD. Most Critical Upcoming News/Event US PCE inflation and labor market data. Canada employment and CPI releases. Weekly oil inventories and OPEC+ commentary. Leader/Lagger Dynamics USDCAD often trades as a lagger, following USD moves against majors like EURUSD or DXY. It also shadows oil fluctuations, making CAD more reactive than proactive. Key Levels Support Levels: 1.3910, 1.3818, 1.3738 Resistance Levels: 1.4029, 1.4079 Stop Loss (SL): 1.4079 Take Profit (TP): 1.3818 (first), 1.3738 (extended) Summary: Bias and Watchpoints USDCAD is leaning bearish after breaking below its short-term trendline, with price action suggesting a correction toward 1.3910 and potentially 1.3818. The trade setup favors shorts with SL above 1.4079 to protect against Fed-driven dollar spikes. CAD strength remains tied to oil, so energy headlines are crucial watchpoints. While USD remains fundamentally supported, the short-term flow favors sellers, making this a correction opportunity rather than a trend reversal.
Short
by ultreosforex
Market Analysis: USD/CAD Declines As Dollar Sees Mixed FlowsMarket Analysis: USD/CAD Declines As Dollar Sees Mixed Flows USD/CAD declined and now consolidates below 1.4000. Important Takeaways for USD/CAD Analysis Today - USD/CAD started a fresh decline after it failed to surpass 1.4065. - There was a break below a key bullish trend line with support at 1.3995 on the hourly chart. USD/CAD Technical Analysis On the hourly chart of USD/CAD, the pair climbed toward 1.4065 before the bears appeared. The US Dollar formed a swing high near 1.4065 and recently declined below 1.4020 against the Canadian Dollar. There was a break below a key bullish trend line with support at 1.3995. Finally, there was also a close below the 50-hour simple moving average and 1.4000. The bulls are now active near 1.3970. The pair is now consolidating losses below the 23.6% Fib retracement level of the downward move from the 1.4039 swing high to the 1.3978 swing low. If there is a fresh increase, the pair could face resistance near 1.4000 and the 50-hour simple moving average. The first major pivot level is 1.4015 and the 61.8% Fib retracement. The next stop for the bulls on the USD/CAD chart could be 1.4040. If there is an upside break above 1.4040, the pair could rise toward 1.4070. A close above 1.4070 might start a steady increase toward 1.4150. If there is another decline, the pair might find bids near 1.3970. The first major support is near 1.3950. A close below the 1.3950 level might trigger a strong decline. In the stated case, USD/CAD might test 1.3880. Any more losses may possibly open the doors for a drop to 1.3840. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
USD/CAD Declines Amid a Flurry of Market NewsUSD/CAD Declines Amid a Flurry of Market News The Canadian dollar strengthened against the U.S. dollar today, pushing USD/CAD down to 1.39750 – a level that acted as resistance in early October but has since turned into support. The pair’s fluctuations come amid a busy news backdrop. On Friday: → President Trump announced the suspension of trade talks with Canada, reportedly due to his dissatisfaction with Canadian advertising campaigns using Ronald Reagan’s image to criticise tariffs. → The CPI report came in weaker than expected. According to Forex Factory, U.S. annual inflation stood at 3.0%, compared with the 3.1% forecast by analysts. This week could bring heightened volatility as markets await two key rate decisions on Wednesday: → At 16:45 GMT+3, the Bank of Canada is expected to cut its policy rate from 2.50% to 2.25%; → At 21:00 GMT+3, the Federal Reserve is forecast to lower the Federal Funds Rate from 4.25% to 4.0%. Both announcements will be accompanied by policy statements that could significantly influence USD/CAD price action. Technical Analysis: USD/CAD Chart Last month’s analysis highlighted two key structures: → A red long-term descending channel originating in early February; → A blue ascending channel formed by price swings since mid-summer. Since then: → Bulls managed to break above the red channel’s upper boundary; → The price consolidated around the median line of the blue channel in early October. From a bearish perspective: → The price failed to hold above the psychological level of 1.4000; → A sequence of lower highs forms a descending trendline. From a bullish perspective: → The blue channel remains intact; → 1.39750 serves as support; → An additional support zone lies just below, near the breakout point of the red channel where buying pressure was previously strong. Given these factors, the red trendline may represent a corrective pattern within the broader bullish structure. Whether buyers can resume the uptrend successfully will largely depend on the upcoming central bank decisions and any further statements from President Trump. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
Trading Map for USD/CAD — Bullish Layered Entry Strategy🦒 The Loonie Heist: USD/CAD Swing & Day Trade Wealth Map 🚀 Asset: USD/CAD ("The Loonie") Outlook: Bullish 📈 Vibe: Thief-Style Layering Strategy — Sneaky, Smart, and Stylish 😎 Welcome, Ladies and Gentlemen, to the Loonie Heist! This USD/CAD trading plan is designed for the crafty traders out there — our Thief OG's — ready to layer up entries and snatch profits like pros. Let’s break down this stylish, rule-compliant TradingView idea that’s ready to steal the spotlight! ✨ 📜 The Plan: Bullish Breakout with a Thief’s Precision 🕵️‍♂️ Strategy: Thief Layering — A multi-limit order approach for smooth, calculated entries. Entry Levels: Deploy your buy limit orders like a mastermind at: 1.39300 1.39400 1.39500 1.39600 Pro Tip: Feel free to add more layers based on your risk appetite — scale it up, Thief OG style! Stop Loss (SL): Set a sneaky SL at 1.39000 to guard your loot. Note: This is my suggested SL, but you’re the boss of your trades — adjust to your risk tolerance! ⚠️ Take Profit (TP): Aim for 1.40500, just shy of the 1.40600 police barricade (a strong resistance zone with overbought signals and potential traps). Lock in profits and escape like a pro! 🏃‍♂️ Note: TP is your call — take the money when it feels right! 🔍 Why USD/CAD? Key Market Insights 🧠 Market Context: USD/CAD is riding a bullish wave, driven by USD strength and CAD’s sensitivity to oil prices. Keep an eye on macroeconomic data like US Non-Farm Payrolls and Canadian employment reports, as they can sway the Loonie! 📊 Technical Setup: The pair is testing key support levels around 1.39300–1.39600, making it a prime spot for layered entries. The 1.40600 resistance is a historical hurdle, so watch for price action there! 🚨 Thief’s Edge: By layering buy limits, you’re stacking the odds in your favor, catching dips and riding the trend with finesse. 💰 Related Pairs to Watch 👀 Keep these correlated pairs on your radar to spot opportunities and confirm trends: OANDA:USDCHF ($): Positive correlation with USD/CAD due to USD strength. If USD/CHF is climbing, it could signal more upside for USD/CAD. OANDA:AUDUSD ($): Negative correlation with USD/CAD. A falling AUD/USD (stronger USD) often aligns with USD/CAD bullish moves. OANDA:NZDUSD ($): Similar to AUD/USD, this pair’s weakness can support USD/CAD’s bullish case. Key Point: Watch oil prices (WTI, Brent) since CAD is a commodity currency. If oil weakens, USD/CAD may push higher! 🛢️ ⚠️ Risk Management (Thief’s Code) 🛡️ Risk Disclaimer: Trading is a high-stakes game, and this Thief-Style Strategy is for fun and educational purposes. Always manage your risk, set your own SL/TP, and trade responsibly. Don’t chase the market — let it come to you! Position Sizing: Adjust your lot sizes based on your account and risk tolerance. The Thief OG never risks the whole vault! 💸 ✨ “If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community!” Disclaimer: This is a Thief-Style Trading Strategy crafted for fun and educational purposes. Trade at your own risk, and always conduct your own analysis. #Hashtags: #USDCAD #Forex #SwingTrading #DayTrading #ThiefStrategy #LoonieHeist #Bullish #TradingView
by The-Thief
technical analysis of your chart for USD/CAD (15-minute timeframThe pair is moving within an ascending channel, indicating short-term bullish momentum. Higher highs and higher lows confirm the ongoing uptrend structure. 🟦 Key Zone Support Level: 1.3985 – 1.3990 This shaded zone represents a demand area where price previously found strong buying interest. As long as this level holds, the short-term bullish bias remains valid. 🔹 Price Action Outlook Price is currently testing the lower trendline of the channel and near the support zone. A bullish reaction from this level could trigger a bounce toward the mid-channel and potentially the upper resistance. 🎯 Target Upside Target: 1.4039 This corresponds to the upper boundary of the channel and a previous swing high area. ⚠️ Invalidation / Risk Level A break below 1.3980 would invalidate the bullish setup and could lead to a bearish correction toward 1.3965 or lower. 📈 Trading Signal (Summary) Bias: Bullish (short-term) Entry Zone: 1.3985 – 1.3995 (support area) Target: 1.4039 Stop-Loss: Below 1.3980 ICMARKETS:EURUSD ICMARKETS:GBPUSD ICMARKETS:USDJPY ICMARKETS:GBPJPY ICMARKETS:AUDUSD ICMARKETS:USDCAD ICMARKETS:USDCHF ICMARKETS:NZDUSD ICMARKETS:EURJPY ICMARKETS:EURJPY ICMARKETS:AUDJPY ICMARKETS:EURGBP ICMARKETS:GBPAUD ICMARKETS:USDZAR ICMARKETS:USDDKK
Long
by MR_NARCOS_ANALYSIS
USDCAD Forming Bullish StructureUSDCAD on the daily chart is maintaining a strong bullish structure after breaking above the previous resistance zone around 1.3940. The market has been forming higher highs and higher lows, showing solid buying pressure as the pair heads toward the 1.4140–1.4200 resistance range. The current price action suggests a potential continuation setup where a minor pullback toward the breakout zone could invite more buyers before the next bullish impulse. The upward momentum is supported by clear technical strength, making this a favorable setup for long positions if price sustains above 1.3940. From a fundamental standpoint, the US dollar remains dominant amid the ongoing strength in the US economy and persistent inflation pressures, which keep expectations of prolonged higher interest rates from the Federal Reserve alive. In contrast, the Canadian dollar faces pressure due to weaker growth prospects and declining oil prices, which reduce demand for the CAD as a commodity-linked currency. Additionally, global risk sentiment has leaned defensive, favoring the USD as a safe-haven asset. If the bullish momentum continues and the market holds above the current support region, USDCAD could likely retest the 1.4140–1.4200 zone in the near term. Traders will closely monitor US inflation data and crude oil performance as key drivers for this pair’s next move. Overall, the setup aligns with both technical and fundamental bullish conditions, offering a clear profit potential on continuation of the trend.
Long
by AndrewsMarket-Mastery