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Potential bullish reversal?The Loonie (USD/CAD) has bounced off the pivot and could rise to the 1st resistance. Pivot: 1.3913 1st Support: 1.3864 1st Resistance: 1.3981 Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by IC Markets
USDCAD a New Down Trend has Started?BOC Monetary policy decision today The -25bp cut was expected, but the forward guidance is significantly more hawkish than markets anticipated. Breaking It Down The Dovish Elements 1. Delivered 25bp cut (2.5% → 2.25%) 2. Acknowledged weak growth 3. Recognized soft labor market The Hawkish Elements 1. "Current policy rate at about the right level" This is a terminal rate signal 2. Core inflation "sticky around 3%" acknowledgment 3. September CPI "slightly higher than anticipated" 4. "Limits the role that monetary policy can play" . In other words : cutting more is likely worthless 5. Changed from "proceeding carefully" to "we're done unless outlook changes" 6. Removed easing bias entirely This is net HAWKISH What Markets Were Pricing Before this: - This 25bp cut - Likely another 25bp cut in December or Q1 2026 - Terminal rate around 2.00% What BOC Just Said: - Here's your 25bp cut - That's it, we're done - Terminal rate is 2.25% (atleast 25bp higher than market expected) - No more cuts unless "outlook changes" FOMC is coming up in 30 minutes. Any dovish bias will accelerate this decline establishing a new down-trend. Unless there is a major hawkish turn I would be shorting any rally caused by initial miss-interperation of the statement or the press conference remarks. COMING UP FOMC DECISION IN 30 MINUTES: I will update this post after the FOMC decision.
Short
by Trading_Stream
1
USDCAD corrective pullback supported at 1.3900The USDCAD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend. Support Zone: 1.3900 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 1.3900 would confirm ongoing upside momentum, with potential targets at: 1.3977 – initial resistance 1.3990 – psychological and structural level 1.4010 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 1.3900 would weaken the bullish outlook and suggest deeper downside risk toward: 1.3890 – minor support 1.3864 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the USDCAD holds above 1.3900. A sustained break below this level could shift momentum to the downside in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
When Winning Feels UnsafeNOTE – This is a post on mindset and emotion. It is not a trade idea or strategy designed to make you money. My intention is to help you preserve your capital, focus, and composure so you can trade your own system with calm and confidence. You’re in profit. The trade’s working. Your system’s doing exactly what it should. But instead of ease, something tightens. A flicker of doubt. You can hear that inner voice: “Don’t mess this up. You wouldn’t want to give this back now would you? How much is enough anyway?” You scan the chart again. Check your unrealized PnL. Move the stop closer. Start managing… what doesn’t need managing. Here’s what’s really happening: Your subconscious is remembering what happened the last time you saw success… The time you relaxed and it reversed. The time you felt proud and someone cut you down. The time you won and it didn’t last. So even when the market moves in your favour, part of you braces. Waiting for the other shoe to drop. So that voice saying, don’t mess this up - is actually a memory trying to protect you. And in so doing, never really lets you feel safe The point here is that your work as a trader is to be in the here and now. Not in the past. Be cognisant to the cues of your memory and body that don’t work in your favour. So when you notice tension rising, Take one slow breath. Feel your feet on the floor. And repeat. ‘Right here, right now’. And then … Follow your trade plan. Stay true to your trading plan. Manage your risk And let the market do what it does.
Education
by soda8888
16
USDCAD H4 | Bullish Bounce off Pullback SupportLoonie (USD/CAD) is falling towards the buy entry which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to the take profit. Buy entry is at 1.3910, which is a pullback support that aligns with th 50% Fibonacci retracemnt. Stop loss is at 1.3881, which is an overlap support. Take profit is at 1.3968, whichis an overlap resistance. Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Long
by Tradu
USD/CAD Trade Alert🚨 USD/CAD Trade Alert 🚨 ━━━━━━━━━━━━━━━━━━━ Type: 🟢 Buy Entry: 1.39408 Take Profit (TP): 🎯 1.40688 Stop Loss (SL): ❌ 1.38884 ━━━━━━━━━━━━━━━━━━━ 📅 Signal Time: 29 Oct 2025 📈 Status: Active 💡 Market Insight: Buyers are showing strength around the entry level, suggesting sustained bullish sentiment. As long as price holds above 1.3888, momentum favors continuation toward the 1.4068 target.
Long
by Praxis_FX01
USD/CAD: Bears Take Control as 200DMA CracksFrom a technical standpoint, the short-term directional bias for USD/CAD is now swinging lower. While the longer-term uptrend remains firmly in place, the pair now finds itself in a minor downtrend, grinding lower for much of the past few weeks. Ahead of the FOMC and BoC decisions, the latest leg lower through minor support at 1.3980 saw it breach and close beneath the 200-day moving average. One glance at the charts underlines just how important the level has been this year, capping and supporting the price for long periods once crossed. Now sitting above the pair with a negative slope, it may embolden bears to seek out further downside, allowing for setups where stops can be placed above it to protect against the risk of an abrupt reversal. For those considering bearish setups on the break, the preference would be to see a retest and rejection at the 200-day moving average before entry, with a sustained push beneath 1.3940 only enhancing the merits of the trade. 1.3900 looms as an initial target given it acted as both support and resistance earlier this year. With the 50-day moving average found just below it, the confluence of these levels will likely provide a decent hurdle for bears, should the price get there. 1.3830 is a minor level found below with the July uptrend sitting around the same region today. Should the break of the 200-day moving average prove to be a bear trap with a reversal soon to follow, the favoured bearish setup could be flipped, allowing for longs to be established above with a stop below for protection. Again, if a reversal were to take place, the preference would be to see a back-test and bounce from the 200-day before entering the trade. 1.3980 looms as the first potential target with 1.4050 and 1.4080 options after that. The momentum picture has changed noticeably over the past fortnight, with RSI (14) now trending lower beneath 50, indicating slowly building downside pressure. MACD has also staged a bearish crossover of the signal line but remains in positive territory, providing a cautionary message to bulls that directional strength is shifting. Good luck! DS
Short
by FOREX.com