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Usdcadforecast

Market Analysis: USD/CAD Breaks HigherMarket Analysis: USD/CAD Breaks Higher USD/CAD is rising and might aim for more gains above the 1.3765 resistance. Important Takeaways for USD/CAD Analysis Today - USD/CAD is showing positive signs above the 1.3720 support zone. - There is a key bullish trend line forming with support at 1.3740 on the hourly chart at FXOpen. USD/CAD Technical Analysis On the hourly chart of USD/CAD at FXOpen, the pair formed a strong support base above the 1.3540 level. The US Dollar started a fresh increase above the 1.3600 resistance against the Canadian Dollar. The bulls pushed the pair above the 1.3640 and 1.3700 levels. The pair cleared the 50-hour simple moving average and climbed above 1.3750. A high was formed at 1.3766 and the pair is now consolidating. Initial support is near the 1.3740 level. There is also a key bullish trend line forming with support at 1.3740. The next major support is near the 1.3710 level or the 23.6% Fib retracement level of the upward move from the 1.3539 swing low to the 1.3766 high. The main support sits near the 1.3650 zone on the USD/CAD chart. It is near the 50% Fib retracement level. A downside break below the 1.3650 level could push the pair further lower. The next major support is near the 1.3595 support zone, below which the pair might visit 1.3540. If there is another increase, the pair might face resistance near the 1.3765 level. A clear upside break above 1.3765 could start another steady increase. The next major resistance is the 1.3800 level. A close above the 1.3800 level might send the pair toward the 1.3880 level. Any more gains could open the doors for a test of the 1.4000 level. 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 Analysis – Breaking the Chains, Eyeing 1.38+USDCAD Price broke out from a long descending channel, followed by two bullish continuation flags – classic breakout-retest pattern. Price is now pushing above 1.3720, aligning with the 38.2% Fib level of the prior drop. Next upside targets: 🔹 1.3833 (Fib 61.8%) 🔹 1.3913 (Fib 78.6%) Clear stop level: below 1.3625 (channel breakout support) Structure Bias: Bullish continuation. Clean breakout + consolidation = probable impulse toward 1.3830/1.39. 📊 Current Bias: Bullish 🔍 Key Fundamentals Driving USDCAD USD Drivers (Neutral to Bullish): Fed held rates, dot plot shows only 1 cut in 2025, but Powell's tone leaned dovish. US Retail Sales + PPI were weak, but safe-haven USD demand persists due to geopolitical risks and equity volatility. Market reassessing Trump election risk, Fed independence, and inflation stickiness. CAD Drivers (Bearish): Oil prices are volatile due to Middle East tensions, but weak demand caps upside. Canada’s CPI softened, BoC already delivered a dovish cut earlier this month. CAD under pressure due to dovish BoC outlook and fiscal concerns (gov't budget deficits expanding). CAD is also suffering from reduced foreign investment flows. ⚠️ Risks to Watch Oil price spikes (especially if Strait of Hormuz risk escalates) may boost CAD short-term. A sharp reversal in DXY or Fed commentary shift toward aggressive easing. Weak US data next week (Core PCE especially) could unwind USD momentum. 🗓️ Upcoming Events to Watch US Core PCE (June 28) – critical inflation gauge for the Fed BoC Business Outlook Survey Oil Inventories + Global energy sentiment Geopolitical: Israel–Iran updates and Canada’s fiscal signals 🏁 Which Pair Leads the Move? USDCAD is leading commodity crosses as CAD weakness broadens. Watch USDCAD and GBPCAD for signs of CAD softness before others like AUDCAD/NZDCAD follow.
Long
by ultreosforex
5
USD/CAD)) Bearish Trand analysis Read The captionSMC trading point update Technical analysis of USD/CAD on the 3-hour timeframe, using Smart Money Concepts (SMC) and classic technical analysis. Here's a breakdown --- Key Technical Insights: Overall Trend: The pair is in a clear downtrend, confirmed by: Lower highs and lower lows Price trading below the 200 EMA (currently at 1.37402) Respect for the downtrend channel --- Resistance Zones: 1. Upper Resistance Zone (~1.38400 – 1.38750): Strong historical sell area (price sharply reversed here in late May) 2. Mid Resistance Zone (~1.36450 – 1.36750): Price reacted twice here and dropped. Aligns with the downtrend line and was recently tested again (red arrow). --- Bearish Projections: After the latest pullback into the resistance zone, price is expected to: Reject the zone Continue following the descending structure Target marked around 1.35034, which coincides with: Previous low Lower boundary of the descending channel Mr SMC Trading point --- Chart Tools & Features Used: Trendlines: Clearly marking the downtrend channel 200 EMA: Used as dynamic resistance Fib-like measured move: Mirrored previous impulse moves (-1.61%) suggesting a symmetric drop Arrows: Indicating reaction points from resistance --- Conclusion: Bias: Bearish Invalidation: Break and hold above 1.36500 would weaken the bearish outlook. Next Move: Potential sell setups on lower timeframe retests or bearish confirmations within the resistance zone. Please support boost 🚀 this analysis)
Short
by SMC-Trading-Point
7
USDCAD Bearish Bias: Beware Liquidity Traps & Reversal Risks.I'm currently keeping a close eye on USDCAD, which has been in a strong bearish trend. 📉 In this video, I explain how the market is unfolding across both the higher and lower timeframes, and why it’s critical to watch them in conjunction. On the lower timeframes, we often see a clean sequence of lower highs and lower lows, as the algos set up a seemingly a smooth trend. But traders should be cautious ⚠️ Why? Because on the higher timeframes, the market can easily pull back, triggering a liquidity hunt. This is often when the algorithm targets stop orders above recent highs, before resuming the trend 🧠💥 While my bias remains bearish, I'm also aware of the risk that the market could shift gears unexpectedly to run stops and shake out weak hands. This concept is fully broken down in the video — with examples of how to spot these traps and prepare accordingly 🎯
Short
by fxtraderanthony
USDCAD Under Pressure: Chart Signals & Macro Forces Point South!The USDCAD pair is under clear pressure, as illustrated in this chart 📊. The visual structure highlights a persistent bearish trend, with price action consistently forming lower highs and lower lows. The chart is reinforcing the idea that sellers are dominating the market. Notably, the drawn arrow in the chart points toward previous higher timeframe lows, suggesting that these areas could be the next logical targets for price action if the current trend persists. On the fundamental side, the US dollar has been weakened by dovish signals from the Federal Reserve and softer economic data, fueling expectations of potential rate cuts later this year 🏦. In contrast, the Canadian dollar has been buoyed by strong commodity prices—especially oil—and a relatively hawkish Bank of Canada. The bearish structure seen in the chart aligns with these macro drivers, as the CAD continues to benefit from both domestic strength and global demand for commodities. Geopolitically, ongoing global trade tensions and shifting risk sentiment have further supported the Canadian dollar, as investors seek stability in commodity-backed currencies 🌍. The combination of these factors, as reflected in the chart, suggests that USDCAD remains vulnerable, and a move down to retest previous higher timeframe lows is a real possibility unless there’s a significant shift in the underlying fundamentals. Traders should keep an eye on the key support zones highlighted in the chart, as these could provide clues for potential exhaustion or reversal in the current trend 🔎. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Please conduct your own research or consult a professional before making any trading decisions.
Short
by fxtraderanthony
USDCAD Hits Support as Fed-Hawkish & BoC Cuts! Big Bounce ComingUSDCAD ( OANDA:USDCAD ) is trading at the Potential Reversal Zone(PRZ) and near the important Support line and Support lines . In terms of Elliott Wave theory , it seems that USDCAD has managed to complete 5 main down waves and we can expect more up waves . Also, we can see the Regular Divergence(RD+) between Consecutive Valleys . I expect USDCAD to rise to at least 1.37860 CAD. Fundamental View: The Bank of Canada initiated its rate-cutting cycle , while the Federal Reserve remains firm with no immediate plans to ease. Strong NFP data on Friday reinforced USD ( TVC:DXY ) strength . Oil prices( BLACKBULL:BRENT ) may offer temporary support to CAD , but macro divergences clearly favor the dollar . Note: Stop Loss(SL)= 1.36110 CAD U.S Dollar/Canadian Dollar Analyze (USDCAD), 4-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
12
USD/CAD) Down Trand analysis Read The captionSMC trading point update Technical analysis of USD/CAD (U.S. Dollar / Canadian Dollar) currency pair on the 2-hour timeframe, and it suggests a potential sell setup based on price action, key levels, and momentum indicators. --- Chart Summary Pair: USD/CAD Timeframe: 2H Current Price: 1.36432 EMA 200: 1.37436 Direction Bias: Bearish Volume: 6.92K Key Tool: EMA 200, RSI, Support/Resistance Zones --- Technical Breakdown 1. Resistance Zone / Supply Area (~1.3680 - 1.3700) The yellow box highlights a strong resistance zone. Marked by three red arrows, where price has repeatedly rejected. Indicates clear seller dominance in this area. 2. Break of Support Level Price broke below the yellow support area and is now trading below it. This signals a bearish breakout from a consolidation zone. 3. EMA 200 Trend Confirmation EMA 200 (blue line) is sloping down. Price is below the EMA, confirming bearish trend bias. Acts as dynamic resistance. 4. Bearish Flag/Channel Break A bearish flag or wedge pattern seems to have been broken downward. The measured move (blue vertical line) suggests the projected drop. --- Target Point Target Price: 1.34951 This is based on the measured move from the resistance zone. It aligns with the previous demand/support zone. --- RSI (Relative Strength Index) RSI (14) is 36.37, approaching the oversold zone. This shows strong bearish momentum, but it also means price may stall or bounce slightly before continuing downward. --- Trade Setup Idea Entry: After confirmation of breakout below 1.3640 Stop Loss: Above 1.3700 (resistance zone) Take Profit: 1.34951 Risk-to-Reward: ~1:2+ --- Risk Management & Caution If price moves back into the yellow zone or breaks above 1.3700, the setup is invalidated. Watch for high-impact news events (marked on the chart with U.S. flags) that may trigger volatility. Mr SMC Trading point --- Conclusion This is a well-structured bearish idea based on: Resistance rejections Break of support Downward EMA slope Bearish RSI reading It reflects strong downside potential toward 1.3495, offering a clean shorting opportunity for swing traders Please support boost 🚀 this analysis)
Short
by SMC-Trading-Point
1
USD/CAD Holds Near 2025 LowUSD/CAD Holds Near 2025 Low When we last analysed the USD/CAD chart on 4 June, we identified a descending channel that remains relevant. On 5 June, the pair reached a new low for 2025, and it is possible that bears will attempt to extend this move further over the course of the month. Why is USD/CAD declining? The Canadian dollar appears to be strengthening amid speculation that a trade agreement between the US and Canada could be finalised soon — possibly on 15 June, when the G7 summit is due to be held in Canada. Media reports highlight several indicators supporting this view: → Prime Minister Mark Carney stated that Canada will meet its NATO spending target of 2% of GDP. → Canada refrained from retaliatory tariffs on steel and aluminium. → The US ambassador to Canada confirmed that “secret” negotiations are ongoing. Technical Analysis of the USD/CAD Chart Note that the R-line, which divides the lower half of the descending channel into two equal parts, acted as resistance — price reversed downward from this line and accelerated lower (as indicated by the arrow). This reinforces the view that bears currently dominate the USD/CAD market. For now, the 1.3650 level appears to be a support zone for bulls, but its strength may be tested today as markets react to US inflation data. The Consumer Price Index (CPI) report is scheduled for release today at 15:30 GMT+3. Be prepared for potential spikes in volatility. 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
2
USDCAD SHORT TERM BULLISH CORRECTIONGenerally, the US Dollar is losing ground against major currencies. The decline is stemming from pending tariffs equilibrium and looming Fed rate cuts. On the USDCAD daily chart, the US Dollar is poised to decline further to the unmitigated zone. Once this demand zone is contacted we are likely to clearer price action direction on whether to buy or sell further. Our bias is a short term bullish market correction outlook once the unmitigated zone is contacted.
Long
by morrisgitau
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. 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 Price Rebounding from Key Support as CAD WeakensUSDCAD is showing signs of a potential reversal from key support around the 1.3700–1.3685 zone. The pair had been declining steadily but recent weakness in the Canadian Dollar — driven by soft economic data and oil market uncertainty — is starting to shift momentum back in favor of the U.S. Dollar. As long as support holds, there is room for a bullish continuation toward 1.3860 or higher in the near term. Technical Analysis (4H Chart) Trend Structure: After a strong impulsive drop earlier in May, USDCAD formed a rounded bottom near 1.3685, followed by a corrective bounce. The recent retracement toward the support area is forming a potential higher low setup. Support Zone: Primary Support: 1.3700–1.3685 This is a clean structure zone and previous demand level. Price tested this area on May 24–25 and rebounded sharply. Resistance Zone: Short-Term Target: 1.3849–1.3860 This is the next major horizontal resistance, and aligns with previous price congestion before the latest decline. Price Projection: The chart suggests a bullish wave may develop from the support zone, targeting the 1.3860 level. If broken, a further move toward 1.3920 (May swing high) is possible. Invalidation Level: A daily close below 1.3680 would negate the bullish bias and signal a deeper correction or trend continuation lower. Fundamental Analysis U.S. Dollar (USD) Drivers: Q1 GDP second estimate shows steady but modest growth. Consumer Confidence fell recently, capping upside for the USD short term. The Fed remains cautious, signaling that inflation risks persist — keeping interest rates elevated, which supports USD. U.S. Treasury yields have been stable to slightly higher, also helping support the dollar. Canadian Dollar (CAD) Drivers: Canada's balance of payments posted a larger-than-expected deficit in Q1 — a negative for CAD. Oil prices, which heavily influence CAD, have been under pressure from global demand uncertainty. Domestic demand is softening: flat retail sales and weak trade balance data reduce CAD appeal. Bank of Canada is showing signs of policy caution, especially as inflation slows faster than in the U.S. Conclusion Outlook: Short-term bullish USDCAD is likely to bounce from the 1.3700–1.3685 zone and retest 1.3849–1.3860 if CAD weakness continues. Trade Plan (if trading): Buy Zone: 1.3700–1.3685 Target: 1.3860 Stop Loss: Below 1.3680 (structure break) The pair is fundamentally supported by CAD weakness and technically primed for a rebound — but confirmation from price action near support is critical.
Long
by ultreosforex
18
TECHNICAL APPROACH - USDCAD SHORT FORECAST Q2 W23 D23 Y25🔥👀USDCAD SHORT FORECAST Q2 W23 D23 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
Short
by JCFRGNT
Cautious Bulls Meet Trendline Test: USD/CAD Eyes FOMC CatalystCMCMARKETS:USDCAD OANDA:USDCAD USD/CAD extended its recovery for the third day, trading near 1.3833 on modest USD strength following upbeat U.S. data. However, fiscal worries and expectations of Fed rate cuts in 2025 may limit upside momentum. Traders are cautious ahead of the FOMC Minutes and U.S. PCE/GDP data, while firmer Canadian inflation and oil prices could support the CAD. Technically, the pair remains within a broad downward channel and is now approaching key resistance at 1.3856, aligned with the descending trendline. A clear rejection here could spark a bearish continuation toward 1.3711 support. A breakout above 1.3937 would invalidate the bearish channel and suggest trend reversal. Resistance : 1.3856 , 1.3937 Support : 1.3711 , 1.3809
by ATFX_Global
AWAIT BOS FIRST!! USDCAD SHORT FORECAST Q2 W22 D29 Y25 🔥👀USDCAD SHORT FORECAST Q2 W22 D29 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📝 ✅Daily 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
Short
by JCFRGNT
SNAP SHORT USDCAD SHORT FORECAST Q2 W22 D27 Y25🔥👀USDCAD SHORT FORECAST Q2 W22 D27 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📝 ✅4H Order block ✅4H 50 EMA ✅Intraday bearish breaks of structure ✅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
Short
by JCFRGNT
Market Analysis: USD/CAD Declines SteadilyMarket Analysis: USD/CAD Declines Steadily USD/CAD declined and now is consolidating below the 1.3800 level. Important Takeaways for USD/CAD Analysis Today - USD/CAD started a fresh decline after it failed to clear the 1.4000 resistance. - There is a connecting bearish trend line with resistance at 1.3740 on the hourly chart at FXOpen. USD/CAD Technical Analysis On the hourly chart of USD/CAD at FXOpen, the pair climbed toward the 1.3900 resistance zone before the bears appeared. The US Dollar formed a swing high near 1.3890 and recently declined below the 1.3800 support against the Canadian Dollar. There was also a close below the 50-hour simple moving average and 1.3750. The bulls are now active near the 1.3700 level, but they might fail to protect more losses. If there is an upside correction, the pair could face resistance near the 1.3740 level. There is also a connecting bearish trend line with resistance at 1.3740. The trend line is near the 23.6% Fib retracement level of the downward move from the 1.3888 swing high to the 1.3694 low. If there is a fresh increase, the pair could face resistance near the 1.3790 level. It is close to the 50% Fib retracement level of the downward move from the 1.3888 swing high to the 1.3694 low. The next key resistance on the USD/CAD chart is near the 1.3815 level. If there is an upside break above 1.3815, the pair could rise toward the 1.3890 resistance. The next major resistance is near the 1.3935 level, above which it could rise steadily toward the 1.4000 resistance zone. Immediate support is near the 1.3695 level. The first major support is near 1.3660. A close below the 1.3660 level might trigger a strong decline. In the stated case, USD/CAD might test 1.3600. Any more losses may possibly open the doors for a drop toward the 1.3550 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
IN DEPTH HIGHER TIME FRAME ALIGNMENT!USDCAD SHORT FORECAST Q2 W2🔥👀USDCAD SHORT FORECAST Q2 W22 D26 Y25 IN DEPTH HIGHER TIME FRAME ALIGNMENT! 🔥👀 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📝 ✅Weekly 50 EMA ✅Daily 50 EMA ✅4 Hour 50 EMA ✅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
Short
by JCFRGNT
HTF ALIGNMENT USDCAD SHORT FORECAST Q2 W22 Y25USDCAD SHORT FORECAST Q2 W22 Y25 HIGHER TIME FRAME ALIGNMENT! 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. 💡In depth trade confluences provided during the week 📝 🔑 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
Short
by JCFRGNT