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USDCAD Bearish Reversal Trade Setup – 3H Chart Analysis (June 26 Entry Zone: 1.37279 – 1.37554 🔹 Stop Loss: 1.37934 🔹 Target: 1.35278 🔹 Risk-to-Reward (RR): ~1:2.5 🧠 Technical Breakdown Trend Overview: Overall trend shows a downtrend from earlier June, followed by a corrective bullish move. Price failed to sustain above the 200 EMA (blue line), indicating continued bearish pressure. Trade Line Break: A steep bullish trendline was broken, signaling a potential trend reversal or deeper pullback. Bearish Rejection Zone: The purple zone (1.37279 – 1.37554) acted as resistance. Price formed a lower high and rejected this zone, confirming selling interest. Entry Strategy: Short entry is ideally within or just below the rejection zone. Aggressive entry already in play at current market price (1.36909) after confirmation. Target Zone: Projected towards 1.35278, aligning with previous support and fib retracement zone. Large purple support zone near the target suggests a potential reversal area. ⚠️ Risk Notes Be cautious of USD volatility due to upcoming economic events (noted with icons on the chart). Stop loss above previous swing high minimizes risk of fakeouts. ✅ Summary: This is a bearish swing setup aiming for a significant drop toward 1.35278. The clean rejection from resistance and trendline break supports a high-probability short opportunity with favorable risk-reward.
Short
by EA_GOLD_MAN_COPY_TRADE
18
USDCAD - Outlook Short on all IndicatorsUSDCAD - Outlook Short on all Indicators TVC:DXY FRED:TREASURY ECONOMICS:USGD US CONS - The US Treasury is under $353.5 Billion. - DXY will continue to fall. - The Decline of the US Dollar will continue. - US Debt has exceeded $36 Trillion - US Federal Debt Deficiency of over $2 Trillion (Must be paid prior to Interest Payments) - US Federal Interest (over $1 Trillion) - War in Iran - USD could be converted to GOLD and moved to BTC - Moody's US credit rating reduce. - Interest Rate Cuts US PROS - Trump could get funding from another country. - Interest Rate increases - Positive FOMC in July
Short
by ViralIcon
USDCAD: Price Approaching Buying Zone, Will DXY Bounce Back? The USDCAD pair has dropped significantly in recent times, particularly as the DXY index has plummeted. The extremely bearish nature of the DXY suggests that the price of USDCAD is melting. Both fundamental and technical indicators indicate a potential bullish price reversal for this pair, which could potentially hit our first take-profit area. This is a swing analysis, so please give time for the trade to get activated and for it to work out in our favour. Please note that this analysis does not guarantee that the price will move as suggested. Before trading, it’s essential to conduct your own research. If you’d like to assist us, we encourage you to consider the following actions: - Like our ideas - Provide comments on our ideas - Share our ideas Kind regards, Team Setupsfx_ Much love ❤️🚀
Long
by Setupsfx_
28
USDCAD: If This Breaks, USDCAD Might Be Lining Up a Smooth DropUSDCAD tapped into a clear liquidity zone and showed signs of weakness at the top. Price is now hovering near a potential break of structure, and a fair value gap has formed just above. If we get that break, the idea is to wait for price to retrace into the FVG, then look for a clean continuation to the downside. There’s also a bearish trendline holding well, adding pressure to the move. On top of that, a head and shoulders pattern is forming, another clue that momentum could be shifting lower. No need to rush. Let the break happen. Let price return. Then act.
Short
by J4mesWick
CAD Option Flow Positive Sentiment. It's worth taking a closer Based on the analysis of yesterday's trading on CME, we have captured an excellent portfolio in the lens. The trader methodically formed this position in a 5-minute period of time, which is a good sign. Сonfirmation - the market is already moving in his direction But, reasonable entry level - above 0.7339. Don't rush it. The risk/profit ratio is still at acceptable levels, but it's worth waiting for the resistance to be overcome.
CME:6C1!Long
by ClashChartsTeam
USDCAD Bearish OutlookTrend: Bearish (Lower highs and lower lows) Key Resistance / Invalidation Level: 1.38121 Current Price: ~1.3700–1.3750 range Expected Move: Further downside towards the 1.3500–1.3420 area unless price breaks and closes above 1.38121. --- 🎯 Trade Plan Setup: Look for bearish entries on retracements towards the 1.3700–1.3750 area. Invalidation: A confirmed breakout and close above 1.38121. Target: 1.3500–1.3420 range. -- ⚡️ Summary USDCAD remains in a downtrend, making lower highs and lower lows. As long as price stays below 1.38121, the bearish outlook is favored. --- ⚠️ Disclaimer This is NOT financial advice. All trading involves significant risk, and you should only trade with money you can afford to lose. Always do your own analysis or consult with a qualified financial advisor before making any trading decisions.
Short
by Forex_Int
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
4
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
6
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
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
USDCAD SHORT FORECAST Q2 W24 D12 Y25USDCAD SHORT FORECAST Q2 W24 D12 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 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
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
Short
by JCFRGNT
USD/CAD - Bearish Flag (04.06.2025)The USD/CAD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Bearish Flag Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 1.3645 2nd Support – 1.3605 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by KABHI_TA_TRADING
61
USDCAD Rebound from Key Support – Bullish Setup in PlayUSDCAD pair has reached a technical inflection point at key support around 1.3700, where it is attempting a rebound after several days of bearish momentum. With recent Canadian data showing underlying economic strain and the U.S. dollar reacting to rate expectations and tariff news, this area becomes crucial for the next directional move. 🔍 Technical Analysis Support Level: Price has respected the horizontal support at 1.3700–1.3685, forming a possible double-bottom structure on the 4H chart. Bullish Reversal Zone: The latest candle shows a strong rejection wick at the support zone, suggesting bullish interest. The structure aligns with a classic bullish reversal pattern. Target Zones: First TP: 1.3849 (previous high / supply zone). Second TP: 1.3860–1.3870 (Fibonacci extension + minor resistance). Invalidation (SL): Below 1.3685, further downside may open to 1.3632. 🧠 Fundamental Context U.S. Side: GDP and NFP data have recently come out mixed, reducing the immediate pressure on the Fed to hike rates further. Tariff uncertainty and appeal plans by the Trump administration are increasing near-term USD volatility. US bond yields are firming again, giving the dollar mild support. Canada Side: Canadian Q1 GDP disappointed at 0.1%, lower than expected. BoC is likely to hold rates steady, but the economy shows weak business investment and softening consumption growth. Crude oil, Canada’s key export, is still under pressure, slightly weakening CAD. ✅ Conclusion This setup favors a short-term long on USDCAD from current levels, targeting the upper resistance zone at 1.3849–1.3860. A break and close above 1.3870 could extend toward 1.3900. However, caution should be exercised with upcoming U.S. labor and trade data that may fuel volatility.
Long
by ultreosforex
11
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
16