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U.S. Dollar / Canadian Dollar

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USD/CAD Support breakdown bearish strong📉 USDCAD Update (1H Timeframe) The pair has broken down from key support and consolidation zone around 1.40100, confirming strong selling pressure 🔥 🎯 Technical Targets: 1️⃣ 1.39800 2️⃣ 1.39600 3️⃣ 1.39300 Momentum remains bearish with sellers in control — watch for continued downside pressure as long as price stays below 1.4010 🚨 #USDCAD #Forex #PriceAction #TechnicalAnalysis #TradingSetup #FXUpdates 💹
Short
by ExpertTraderASK
13
USDCAD I Daily CLS Range I Model 1 I Stop Hunt Hi friends, new range created. As always we are looking for the manipulation in to the key level around the range. Don't forget confirmation switch from manipulation phase to the distribution phase to make the setup valid. Stay patient and enter only after change in order flow. If price reaches 50% of the range take partial or full close. 📌 HTF - Higher Timeframe view 🧩 Complete proces and Strategy explained 👇 Click Below 🎯 Why your market approach also should be mechanical ? NO Fixed Mechanical Trading Logic - You are guessing random patterns NO Defined trading plan - Every trade different logic NO Same logic in each trade - Not possible to backtest NO Backtests on at least 300 trades - Not knowing Statistics ➡️ No Statistics ➡️ No Edge ➡️ Mindset ProblemS 🧠 Core of mindset problems If you don't know your statistics on large enough data sample. You don't know your probabilities of win rate once the losing streak happen and it happens to every strategy. You will start doubting, hesitating to take next trade because you don't know statistics of your losses. In the end you will be doubting strategy and then jump to different one. You will be in the endless loop for years, looking for new better strategy. 👊 Your ultimate goal as a trader is not to be a generalist who knows 10 000 patterns. But rather create one system with narrowed criteria of each element of the trade to remove subjective and emotional decisions as much as possible and stick to this system no matter what. Practice it 10 000 times become a MASTER. ✨ Trading Mastery is reflection of your life Have a longterm plan, No Alcohol & Drugs, Ignore others, Focus on your journey , Backtest regularly, Review your weeks, Journal mistakes, Exercise, Sleep well, Read books, Walks in nature (no phone) , Meditate, Reduce social media time, Spend time with family, Live Life. Trading is hard, but not impossible. I believe in you 💪 David Perk aka Dave Fx Hunter
Short
by David_Perk
35
USDCAD Breaks Out After CPI – The Bullish Wave Is Rising!Hello traders! USDCAD is showing strong bullish momentum after tonight’s U.S. economic data release. The annual CPI rose to 3.1% , higher than the forecast of 2.9% , signaling persistent inflation pressure and suggesting that the Fed may delay rate cuts . This has boosted the U.S. dollar, providing solid support for USDCAD to move higher. On the H1 chart, price has broken above both the EMA34 and EMA89 resistance zones while holding firm above the key psychological level of 1.4000. This indicates a shift from consolidation to a short-term bullish phase. The current price structure is forming a W-pattern, with the next target around 1.4030. If price continues to stay above 1.4000, buying pressure could drive USDCAD to break the upper boundary of the descending channel, opening the way toward 1.4050–1.4100. The overall short-term trend remains mildly bullish , supported by stronger-than-expected U.S. CPI data and the renewed strength of the USD.
Long
by Octaviuss
4
USDCAD → Attempt to break through resistance to continue growth FX:USDCAD is attempting to break through consolidation resistance within an uptrend. Growth in the dollar index may support the current trend. The dollar is rising. The currency pair is consolidating ahead of resistance at 1.40600, against which it is attempting to break through in order to continue growing. The growth may continue if the current fundamental background remains unchanged. Consolidation may support further growth. A breakout and closing above 1.4060 will confirm the bullish sentiment and, in turn, may trigger a distribution to 1.411 - 1.415. Resistance levels: 1.4060 Support levels: 1.4028, 1.4005 The trend is bullish, with virtually no pullback after the growth, only consolidation, which is technically a positive sign. A breakout of the specified consolidation resistance could trigger distribution to areas of interest. Best regards, R. Linda!
Long
by RLinda
7
Lingrid | USDCAD Contraction Leading to Bullish BreakoutFX:USDCAD continues to respect its upward channel, consolidating after multiple tests of the ascending trendline that define the current bullish structure. The confluence near 1.4036 aligns with dynamic support, suggesting buyers may soon attempt another push toward the 1.4100 resistance. A sustained move above this level could extend momentum toward the upper boundary of the channel. The overall compression phase indicates market preparation for a breakout continuation. ⚠️ Risks: A breakdown below 1.4030 may invalidate the bullish scenario. Strong CPI data or oil price rally could pressure USD and reverse gains. Broader risk sentiment shifts may limit upside potential. If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
Long
by Lingrid
8
USDCAD Remains sustain its bullish trajectoryThe USDCAD pair is attempting to break above its recent consolidation resistance, continuing its broader uptrend. Strength in the U.S. Dollar Index (DXY) provides additional support for the bullish momentum. Currently, the pair is challenging the 1.4020 resistance level. A confirmed breakout above this zone could open the way for further upside movement, targeting the next key resistance at 1.4110. From a fundamental perspective, if the current positive sentiment around the USD remains unchanged, and risk appetite continues to favour the dollar, the pair may sustain its bullish trajectory. The consolidation seen earlier could act as a base for further growth, reinforcing the upward momentum. You may find more details in the chart. Trade wisely best of Luck. Ps; Support with like and comments for better analysis Thanks for Supporting.
Long
by MrMartin_11
9
USDCAD – Short-Term Bullish Bias👋Hello everyone, what are your thoughts on OANDA:USDCAD ? I believe USD/CAD currently shows a slight bullish tendency in the short term, as the Canadian dollar (CAD) remains under pressure from declining oil prices and expectations of a rate cut by the Bank of Canada (BoC). If USD/CAD holds above the 1.3930 support zone, the pair could potentially rise toward the 1.41 area. However, I would also note that if the price breaks below 1.3930, the market may enter a deeper correction phase. What about you — how do you see USDCAD moving next? 💬Share your thoughts in the comments below!
Long
by Kevinn_Nguyen
4
1.40 Appears Pivotal For USD/CADUSD/CAD remains in an established uptrend on the daily chart, although momentum showed signs of turning lower on Friday. Still, the 1.40 handle and monthly R1 pivot sit close by as a key support zone, making this area pivotal for both bulls and bears in the near term. If the support zone holds, the bias favours a move toward 1.41, near the monthly R2 pivot. However, a break below 1.40 would shift focus to the high-volume node (HVN) at 1.3948, where bears may look to extend downside pressure. Given the prevailing uptrend, bulls may continue to watch for evidence of a swing low before re-entering. Matt Simpson, Market Analyst at City Index and Forex.com
Long
by City Index
1
USDCAD Forecast USD/CAD highlighting a potential short-term bearish setup. Price has recently broken below a rising channel and is now retesting the 1.4025–1.4035 resistance zone (previous support turned resistance). The projection suggests a possible rejection from this zone, followed by a decline toward the 1.3980 demand area. Overall, the chart indicates a sell-on-retest scenario aligning with bearish momentum after a channel breakdown. "Thank you for your support! If you found this idea valuable or learned something new, please consider liking and leaving a comment. I’d really appreciate hearing your feedback and thoughts."
Short
by Pintu_sahu01
2
Trade Analysis (USD/CAD – 15m CAP Wave)The broader market trend for USD/CAD remains bullish, with higher timeframes confirming an overall upward direction. However, on the 15-minute timeframe, price action reveals a strong session low zone that has already been tested in a previous session, suggesting potential short-term exhaustion at this level. The current 15m CAP wave indicates a downward move towards the lower boundary of the zone, implying short-term bearish momentum. Given the confluence of previous tests and current CAP direction, a temporary bounce from this support area is possible before any sustained continuation in the broader uptrend. This setup therefore highlights a short-term bearish opportunity within a long-term bullish context.
Long
by sheerazforex
1
USD/CAD (U.S. Dollar / Canadian Dollar) 4-hour..USD/CAD (U.S. Dollar / Canadian Dollar) 4-hour.. Current price: Around 1.4060 Trend: Strong uptrend, respecting an ascending trendline. Ichimoku Cloud: Price is above the cloud — confirming bullish momentum. Pattern: Breakout above consolidation, moving toward a marked resistance. 📈 Target Point (as shown on my chart): The blue arrow and label mark a target point around 1.4120 – 1.4130 ✅ Summary: Entry zone: Around 1.4050–1.4060 (post-breakout retest) Target: 1.4120 – 1.4130 Stop-loss suggestion: Below 1.4020 (just under the support/cloud) This projection looks like a measured move breakout continuation within the ascending channel.
Long
by RSI_Trading_point
2
Using Higher Timeframe Analysis to Predict the Next USDCAD MoveIn today’s breakdown, we’re taking a closer look at the USDCAD and a potential advanced pattern formation that could set up a strong opportunity for a bullish trend continuation. While the pattern itself provides a valid trading setup, the real value in this analysis comes from understanding why it fits within the bigger picture. Too often, traders focus solely on the smaller details — the exact entry, the perfect target, or the idea of squeezing a few more pips out of a trade. But real consistency comes from aligning your short-term opportunities with the overall market direction. The Power of Higher Timeframe Analysis Before identifying the pattern, I started by analyzing the higher timeframe charts. This allowed me to make a longer-term directional prediction based on market structure, trend dynamics, and key levels of support and resistance. By establishing that the broader trend was bullish, any advanced pattern that aligned with that direction immediately carried more weight. Instead of being greedy and shooting for oversized targets based on gut or emotion, I was able to structure a trade plan that fit within the flow of the market. This type of top-down analysis not only increases confidence but also helps manage risk by filtering out trades that go against the dominant trend. The Takeaway The key lesson here is simple: Don’t rely on feel or hope when setting your targets or building your trade ideas. Use higher timeframe analysis to create a logical framework for your decisions. When your short-term setups align with the broader market direction, you’re trading with the trend — not against it. By combining technical precision with higher timeframe context, you’ll find that your trades become more consistent, more predictable, and far less stressful. Please leave any questions or comments below & I wish you guys a safe & profitable week of trading ahead. Akil
Long
by Akil_Stokes
USD/CAD Trade Alert Week: 43, 2025🚨 USD/CAD Trade Alert 🚨 ━━━━━━━━━━━━━━━━━━━ Type: 🟢 Buy Limit Entry: 1.39948 Take Profit (TP): 🎯 1.40769 Stop Loss (SL): ❌ 1.39591 ━━━━━━━━━━━━━━━━━━━ 📅 Signal Time: 20 Oct 2025 📅 Week: 43, 2025 📈 Status: Pending Activation 💡 Analysis: Price is hovering near a level where buyers have recently stepped in. A reaction here may confirm an uptrend continuation, but if buying pressure fails, the trend could reverse.
Long
by KENNY_O1O
Heading into major resistance?USD/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.4024 Why we like it: There is an overlap resistance that aligns with the 50% Fibonacci retracement. Stop loss: 1.4061 Why we like it: There is a swing high resistance level. Take profit: 1.3969 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by Vantage