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USDCAD: Bullish For The Near Term?Welcome back to the Weekly Forex Forecast for the week of Sept 8 - 12th. In this video, we will analyze the following FX market: USDCAD Last Week I was looking for weakness in the USDCAD. It traded through the bearish FVG on the Daily, moving higher as the CAD turned out to be even weaker last week. Look for this to continue for the upcoming week, as there is internal range liquidity (IRL) drawing price higher for a short term gains. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Long
by RT_Money
1
Canadian Dollar Falls After Labour Market Data ReleaseCanadian Dollar Falls After Labour Market Data Release On Friday, disappointing figures showed that in August the Canadian economy lost 65,500 jobs (the forecast had been for an increase of 10,000), while the unemployment rate rose to 7.1%. This is the highest level of unemployment since May 2016, excluding the pandemic period. It is believed that: → the deterioration in the labour market (primarily in manufacturing) is a consequence of the trade war with the United States; → the fall in employment in Canada has increased the likelihood that the Bank of Canada will resume its monetary easing campaign. As a result, the CAD weakened sharply against other currencies. However, the depreciation against the US dollar was less pronounced, as the USD itself is under pressure from various factors. Technical Analysis of USD/CAD From a long-term perspective, the USD/CAD pair remains within a downward trend, highlighted by a red descending channel. From a medium-term perspective, since July the rate has risen from the 1.3550–1.3600 support zone, forming an ascending channel (shown in blue). Price action (indicated by arrows) shows that: → sellers are aggressive, pushing the price down from the upper boundary of the red channel; → buyers are aggressive, driving the price up from the lower boundary of the blue channel. Its median line acts as resistance. This is compressing USD/CAD fluctuations into a pattern resembling a symmetrical narrowing triangle (shown in black), with recent overbought (1) and oversold (2) conditions on the RSI marking price reversals back into the triangle from its boundaries. Thus, we could assume that supply and demand forces will keep USD/CAD in a state of temporary balance while awaiting key news next week: → 16 September – Canada CPI report; → 17 September – interest rate decisions from both the Bank of Canada and the Federal Reserve. 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: Bearish. Buy The Dip?Welcome back to the Weekly Forex Forecast for the week of Sept 1 - 5th. In this video, we will analyze the following FX market: USDCAD Points of Interest: - There are RELs (relative equal lows) at 1.3721 as a draw on liquidity - Just underneath that, is a +FVG between 1.3716 and 1.3688. I am looking for the reaction below those liquidity lows and the contact with the +FVG. If price presents a bullish CISD (market shift) only then will I entertain longs. Shorts are best for now, as the HTFs are bearish. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
by RT_Money
The Loonie Trap! Is USD/CAD About to Explode Higher?💵 USD/CAD "The Loonie" Forex Bank Heist Plan (Swing/Day Trade) 🏦🐱‍👤 🌟Dear Ladies & Gentlemen – Thief OG’s & Market Robbers!🌟 The vault is loaded, and today’s heist target is none other than USD/CAD "The Loonie". We play it the Thief way – patient, layered, and ready to strike only when the breakout lights the fuse ⚡ 📈 Entry (Pending Breakout Plan) Breakout Level: 1.38700 ⚡ "Wait for the alarm – the heist starts only when the vault door cracks!" Layered Buy Limit Entries: (Thief Strategy DCA) 1.38600 1.38400 1.38200 (You can add more layers based on your style – Thief never limits the tools of a robbery!) 📌 Pro Tip: Set an Alarm on TradingView so you’ll know exactly when the breakout hits – thieves don’t wait blindly. 🛑 Stop Loss (Thief-Style Safety) SL only after breakout + pullback confirmation 🚨 My vault lock suggestion: 1.37900 But remember, Thief OG’s – SL is YOUR call. Adjust based on risk, layering size & style. Don’t just follow me blindly – no one tells a thief how to escape 😉 🎯 Take Profit (The Escape Plan) Electric shock resistance zone ahead – bail out before getting fried ⚡ TP @ 1.39700 💰 But again – you choose when to grab the bag & vanish 🏃💨. Thief rules: steal, escape, disappear! 📰 Thief Notes Strategy: Layered Buy Orders ✅ Style: Swing/Day Trade 🕰️ Target: Quick smash-and-grab before resistance cops arrive 🚓 Risk: Always manage YOUR loot. 💖 Dear Thief OG’s, if you vibe with this USD/CAD Loonie Bank Heist Plan, hit the Boost Button 🚀. The more we boost, the stronger our robbery crew becomes 🏆💪💵 👉 Stay tuned – next heist drops soon 🤑
Long
by The-Thief
Market Analysis: USD/CAD Faces Fresh DeclineMarket Analysis: USD/CAD Faces Fresh Decline USD/CAD declined and is now consolidating losses below 1.3800. Important Takeaways for USD/CAD Analysis Today - USD/CAD started a fresh decline after it failed to stay above 1.3900. - There is a connecting bearish trend line with resistance at 1.3755 on the hourly chart. USD/CAD Technical Analysis On the hourly chart of USD/CAD, the pair climbed toward 1.3900 before the bears appeared. It formed a swing high near 1.3867 and recently declined below 1.3800. There was also a close below the 50-hour simple moving average and 1.3785. The bulls are now active near 1.3720. If there is an upside correction, the pair could face resistance near 1.3755 and a connecting bearish trend line. The trend line is near the 23.6% Fib retracement level of the downward move from the 1.3867 swing high to the 1.3718 low. If there is an upside break above the trend line, the pair could rise toward the 1.3785 pivot level. The next key hurdle on the USD/CAD chart is near the 61.8% Fib retracement at 1.3810. If there is an upside break above 1.3810, the pair could rise toward 1.3865. The next major sell zone is 1.3930, above which it could rise steadily toward the 1.4000 handle. Immediate support is near the 1.3720 level. The first major support could be 1.3700. A close below the 1.3700 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 1.3500. 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 4-Hour Analysis – Bulls and Bears Battle for ControlCurrent Price: 1.37706 Timeframe: 4 Hours Technical Indicators Overview SMA (9-period): Price is hovering around the short-term moving average, signaling indecision in momentum. RSI (14): Currently near the 50 level, showing a neutral momentum—neither overbought nor oversold. Key Resistance: 1.3800 – A psychological and technical barrier tested multiple times. Key Support: 1.3700 – A level where buyers previously stepped in to prevent further decline. Price Action Summary USDCAD recently saw a strong bullish move towards the 1.3900 area but quickly reversed, pulling back below the 1.3800 mark. Since then, price action has been choppy, suggesting a tug-of-war between buyers and sellers. On the 4H chart, the SMA 9 is acting as a dynamic pivot, with candles frequently crossing above and below it. This behavior often precedes a breakout, but direction confirmation is still lacking. RSI Insights The RSI remains neutral, around 50, indicating a balance between buying and selling pressures. A move above 60 could invite bullish momentum, while a drop below 40 may trigger further selling. Potential Scenarios Bullish Breakout: If price breaks and closes above 1.3800, the next upside target could be 1.3850–1.3900, where previous highs lie. Bearish Reversal: Failure to hold above 1.3750 could open the door for a move towards 1.3700, and below that, 1.3650. Conclusion USDCAD is in a consolidation phase, awaiting a catalyst for a decisive breakout. Traders should watch the 1.3800 resistance and 1.3750 support for clues on the next directional move.
Short
by forexinworld
USD/CAD Rises to 2-Month HighUSD/CAD Rises to 2-Month High Today, the USD/CAD exchange rate briefly exceeded the 1.3870 mark – the highest level seen this summer. In less than ten days, the US dollar has strengthened by over 2% against the Canadian dollar. Why Is USD/CAD Rising? Given that both the Federal Reserve and the Bank of Canada left interest rates unchanged on Wednesday (as expected), the primary driver behind the pair’s recent rally appears to be US President Donald Trump's decision to impose tariffs on several countries – including Canada: → Despite efforts by Prime Minister of Canada Mark Carney to reach an agreement with Trump, no deal was achieved; → Canadian goods exported to the US will now be subject to a 35% tariff; → The tariffs take effect from 1 August; → Goods compliant with the United States-Mexico-Canada Agreement (USMCA) are exempt. Media analysts note that the tariffs are likely to increase pressure on the Canadian economy, as approximately 75% of the country's exports are destined for the United States. USD/CAD Technical Analysis At the end of July, the price formed a steep ascending channel (A-B), with bullish momentum confirmed by a decisive breakout above the 1.3790 resistance level, as illustrated by the arrow: → the pullback before the breakout was relatively shallow; → the bullish breakout was marked by a long bullish candlestick with a close near the session high; → following the breakout, the price confidently consolidated above 1.3790. Provided that the fundamental backdrop does not undergo a major shift, bulls might attempt to maintain control in the market. However, the likelihood of a correction is also increasing, as the RSI indicator has entered extreme overbought territory. Should USD/CAD show signs of a correction after its steep ascent, support might be found at: → line C, drawn parallel to the A-B channel at a distance of its width; → the previously mentioned 1.3790 level, which now acts as a support following the breakout. 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
USD/CAD Institutional Buy Zone – Thief Trading Alert!🔥 USD/CAD "LOONIE BANK HEIST" 🔥 – THIEF TRADING STYLE (BULLISH SNIPER PLAN) 💸 ATTENTION: Market Robbers & Profit Pirates! "Steal Like a Pro – Escape Before the Cops Arrive!" 🎯 MASTER TRADE PLAN (Based on Thief Trading Tactics): Entry Zone (Pullback Heist): 📌 Pullback-1: Market Maker Trap Zone (1.35400+) – Wait for retest! 📌 Pullback-2: Institutional Buy Zone (1.33500+) – Confirm bullish momentum! "Patience = Perfect Heist Timing. Don’t rush—ambush the trend!" 🎯 Profit Target: 1.38100 (or escape earlier if momentum fades). 🛑 Stop Loss (Escape Route): Nearest 4H Swing Low (wick/close) – Adjust based on risk & lot size! 🚨 SCALPERS’ WARNING: "Only snipe LONG! Big pockets? Strike now. Small stack? Join swing robbers & trail your SL!" 📉 WHY THIS HEIST? (Bullish Triggers): Technical + Fundamental alignment (COT, Macro, Sentiment). Overbought but institutional demand holding strong. "Bears are trapped—time to rob their stops!" ⚠️ CRITICAL ALERT: News = Volatility = Police Ambush! Avoid new trades during high-impact news. Trailing SL = Your Getaway Car! Lock profits before reversals. 💥 BOOST THIS HEIST! "Hit 👍, 🔔 Follow, and 🚀 Boost to fuel our next robbery! Let’s drain the banks together!" 🔮 NEXT HEIST COMING SOON… Stay tuned, partner! 🎭💰
by The-Thief
Market Analysis: USD/CAD Consolidates GainsMarket Analysis: USD/CAD Consolidates Gains USD/CAD declined and now consolidates below the 1.3750 level. Important Takeaways for USD/CAD Analysis Today - USD/CAD started a fresh decline after it failed to clear the 1.3775 resistance. - There is a key bullish trend line forming with support at 1.3715 on the hourly chart at FXOpen. USD/CAD Technical Analysis On the hourly chart of USD/CAD at FXOpen, the pair climbed toward the 1.3775 resistance zone before the bears appeared. The US Dollar formed a swing high near 1.3774 and recently declined below the 1.3750 support against the Canadian Dollar. There was also a close below the 50-hour simple moving average and 1.3735. The pair is now consolidating losses below the 50% Fib retracement level of the downward move from the 1.3774 swing high to the 1.3695 low. But the bulls are active near the 1.3700 level. If there is a fresh increase, the pair could face resistance near the 1.3735 level. The next key resistance on the USD/CAD chart is near the 1.3755 level or the 61.8% Fib retracement level. If there is an upside break above 1.3755, the pair could rise toward 1.3775. The next major resistance is near the 1.3800 zone, above which it could rise steadily toward 1.3880. Immediate support is near the 1.3715 level and a key bullish trend line. The first major support is near 1.3675. A close below the 1.3675 level might trigger a strong decline. In the stated case, USD/CAD might test 1.3650. Any more losses may possibly open the doors for a drop toward the 1.3620 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
1
US Dollar Strengthens Following Trump’s Tariff DecisionUS Dollar Strengthens Following Trump’s Tariff Decision US President Donald Trump has announced his decision to impose new tariffs: → For Canada, tariffs are set at 35%. They are scheduled to take effect on 1 August, although negotiations may take place before this date, potentially influencing Trump’s final stance. → For many other countries, tariffs may be set at 15% or 20%; → For the European Union, the exact tariff levels have not yet been disclosed. Overall, Trump’s latest comments have added to the uncertainty surrounding the specific tariffs to be applied to each country. The financial markets reacted as follows: → The US dollar strengthened against other currencies (including the Canadian dollar); → Equity markets saw a modest decline. Technical Analysis of the USD/CAD Chart As soon as the announcement of a 35% tariff on Canadian imports to the US was made public, the USD/CAD rate spiked sharply (as indicated by the arrow), reaching levels last seen at the end of June. In the hours that followed, the pair stabilised. Taking a broader view, the chart appears to show a triangular formation, which consists of: → A descending resistance line (R); → A key support level (S) around 1.3570. From this perspective, it is worth noting that the bulls’ attempt to break above the resistance line amid the 35% tariff news did not succeed, indicating strong selling pressure. At the same time, the price action of USD/CAD in early July allows us to identify a local support level (marked by the blue line). This suggests that, for now, the pair is consolidating within a formation bounded by the blue support line and resistance line R. However, how long this consolidation will last, and which direction the breakout will take, will most likely depend on the next round of news regarding US–Canada trade negotiations. 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
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 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 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
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
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