Falling towards 50% Fibonacci support?USD/CAD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.3910
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Stop loss: 1.3861
Why we like it:
There is a pullback support that is slightly below the 50% Fibonacci retracement.
Take profit: 1.3982
Why we like it:
There is a pullback resistance level.
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Trade ideas
USDCAD Analysis – 28 October 2025- USDCAD falling inside wave C
- Likely to test support level 1.3860
USDCAD currency pair recently reversed down from the resistance zone between the key resistance level 1.4015 (former monthly high from May), upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from January.
This resistance zone was further strengthened by the resistance trendline of the daily up channel from July.
Given the strongly bearish US dollar sentiment seen today, USDCAD currency pair can be expected to fall to the next support level 1.3860 (target for the completion of the active wave C).
USD cad Trade IdeaPrice is currently holding strong at a support level that price has respected before. Price ended up switching directions at the level telling me the range seems to be in continuation. Entry for me was a break and retest with a clean bullish candle. The 15m, 1hr and 4hr are all bullish candles at the moment so if all goes well we could expect the daily to end in a bullish candle as well. Looking for a 1:3rr on this set up. We'll see what happens. It's NFP week so I'm looking to catch my trades early in the week, Thursday the latest.
USDCAD Faces Pressure as DXY Correction Nears Key Resistance!!Hey Traders, in today’s trading session we are monitoring USDCAD for a potential selling opportunity around the 1.40200 zone.
The pair remains in a broader downtrend and is currently in a correction phase, approaching the trendline and resistance area at 1.40200.
From a macro perspective, the US Dollar Index (DXY) is testing its 98.900 channel resistance, where upside momentum may fade amid a weakening U.S. labour market and rising expectations for a dovish shift from the Fed.
A potential DXY rejection from that level could amplify downside pressure on USDCAD, especially if oil continues to find demand and supports the Canadian Dollar.
Next move: Watching for bearish confirmation near 1.40200 for potential continuation of the broader downtrend.
💬 What’s your view on USDCAD and the Dollar outlook this week? Share your thoughts below!
Bearish drop off?The Loonie (USD/CAD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 1.4012
1st Support: 1.3969
1st Resistance: 1.4073
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.
USD/CAD 4-hour timeframe...USD/CAD 4-hour timeframe — and based on my markings:
Current price: around 1.3990
My drawn a breakdown below the Ichimoku cloud and a trendline, showing a possible bearish setup with two projected “Target Points.”
From the image:
First Target Point (upper one): approximately 1.3910 – 1.3920
Second Target Point (lower one): approximately 1.3740 – 1.3760
So my potential targets are:
🎯 Target 1: 1.3910 – 1.3920
🎯 Target 2: 1.3740 – 1.3760
It looks like a trendline break and cloud rejection strategy — aiming for a short trade setup if price holds below the cloud.
USD/CAD) Bullish trend analysis Read The captionSMC Trading point update
Technical analysis of USD/CAD Bullish Continuation Setup
Technical Overview
Pair: USD/CAD
Timeframe: 4H
Market Context: After a recent pullback, price is showing signs of accumulation within a demand zone — potential for bullish continuation toward higher liquidity.
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Smart Money Concepts (SMC) Breakdown
Demand Zone: Highlighted blue area aligns with the 0.62–0.79 Fibonacci retracement range — ideal discount area for long entries.
Fair Value Gap (FVG): Present inside the demand zone, likely to get filled before bullish expansion.
Equal Highs (Liquidity): Multiple swing highs (yellow dots) above — liquidity resting above 1.4074, which may attract smart money.
EMAs:
50 EMA (blue): 1.40111 → acting as dynamic resistance.
200 EMA (black): 1.39435 → supporting long-term bullish structure.
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Bullish Scenario
Entry Zone: 1.3980–1.3960 (within demand zone).
Confirmation: Bullish reaction from demand area + reclaim of 50 EMA.
Target Point: 1.40748 → next liquidity target and potential reversal zone.
Structure Expectation: Price likely to form a higher low before continuation upward.
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Invalidation
A strong 4H close below 1.3940 would invalidate the bullish structure and signal possible deeper retracement or reversal.
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Summary
Bias: Bullish
Strategy: Buy from demand zone → Target 1.4074 liquidity
Confluence: FVG + Fibonacci Discount + Equal Highs Liquidity + EMA Support
pelas support boost 🚀 this analysis
USD/CAD Holding Support as Bulls Face Fed / BoC Rate Decisions USD/CAD is trading just above support early in the week with the Bank of Canada on tap Wednesday.
Initial support rests with the 2022 high at 1.3978 with the 200-day moving average converging on pitchfork support just lower at 1.3957- losses would need to be limited to this slope IF price is heading higher on this stretch.
Initial resistance is eyed with the 38.2% retracement of the yearly range at 1.4019 with a close above the monthly high-day close (HDC) at 1.4045 needed to mark resumption of the July uptrend. Subsequent resistance objective eyed at 1.41 and the 50% retracement / November high at 1.4166/78.
A break below this formation would threaten a decline back towards the October open at 1.3920 with critical support seen at the 2022 high close / 2023 high at 1.3881/99.
Keep in mind the Bank of Canada & Fed interest rate decisions are on tap Wednesday- stay nimble into the release and watch the weekly / monthly close on Friday for guidance here.
-MB
USDCAD: Pullback Trade From Support 🇺🇸🇨🇦
There is a high chance that USDCAD will pull back
from the underlined key horizontal support.
A formation of an inverted head and shoulders pattern on an hourly
time frame suggests a strong buying interest.
Goal - 1.399
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I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Market Analysis: USD/CAD Declines As Dollar Sees Mixed FlowsMarket Analysis: USD/CAD Declines As Dollar Sees Mixed Flows
USD/CAD declined and now consolidates below 1.4000.
Important Takeaways for USD/CAD Analysis Today
- USD/CAD started a fresh decline after it failed to surpass 1.4065.
- There was a break below a key bullish trend line with support at 1.3995 on the hourly chart.
USD/CAD Technical Analysis
On the hourly chart of USD/CAD, the pair climbed toward 1.4065 before the bears appeared. The US Dollar formed a swing high near 1.4065 and recently declined below 1.4020 against the Canadian Dollar.
There was a break below a key bullish trend line with support at 1.3995. Finally, there was also a close below the 50-hour simple moving average and 1.4000. The bulls are now active near 1.3970. The pair is now consolidating losses below the 23.6% Fib retracement level of the downward move from the 1.4039 swing high to the 1.3978 swing low.
If there is a fresh increase, the pair could face resistance near 1.4000 and the 50-hour simple moving average. The first major pivot level is 1.4015 and the 61.8% Fib retracement.
The next stop for the bulls on the USD/CAD chart could be 1.4040. If there is an upside break above 1.4040, the pair could rise toward 1.4070. A close above 1.4070 might start a steady increase toward 1.4150.
If there is another decline, the pair might find bids near 1.3970. The first major support is near 1.3950. A close below the 1.3950 level might trigger a strong decline. In the stated case, USD/CAD might test 1.3880. Any more losses may possibly open the doors for a drop to 1.3840.
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.
Smart Money Levels on USD/CAD – What’s Next for the Loonie?“USD/CAD – The LOONIE Profit Playbook (Swing/Day Trade) 🚀💰”
📋 Description:
Dear Ladies & Gentleman (Thief OG’s),
Here’s the plan for our favourite cross, USD/CAD – “The Loonie”:
Plan: Bullish bias (with a setup for a potential bearish flip if you like to dance with the other side)
Entry (Bullish):
Pullback-1: 1.39400
Pullback-2: 1.39000
Enter at a dip into one of those levels, let the market breathe, then ride the wave.
Stop Loss:
This is Thief SL at 1.38800 — place your stop after the pullback level you used.
Target (Bullish):
Our target zone: 1.41000 — watch for strong resistance, overbought signals & a possible trap. Escape with profit when you see the signs.
Entry (Bearish):
If you prefer the short side: you may enter anywhere, but keep sharp eyes on pullback zones and the target levels below.
Bearish Targets: 1.39400 & 1.39000
🔍 More to watch – Related Pairs & Correlations:
OANDA:USDCHF (often moves inversely with USD/CAD)
OANDA:AUDUSD (commodity-linked crosses, relevant when commodities shift)
OANDA:CADJPY (Canadian dollar strength/weakness can show up across CAD pairs)
Watch how CAD strength or USD strength flows across pairs. When CAD weakens, USD/CAD rises — when CAD strengthens, USD/CAD dips.
⚠️ Note:
Dear Ladies & Gentleman (Thief OG’s), I am not recommending you set only my stop-loss or take-profit rules. It’s your own choice — make money, then take money — at your own risk.
✨ Footer:
“If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community!”
📌 Disclaimer:
This is Thief style trading strategy just for fun.
#USDCAD #Forex #SwingTrade #DayTrade #Loonie #ForexSetup #ThiefTrader #TradingViewIdeas #ForexAnalysis #CurrencyPairs
USD/CAD Declines Amid a Flurry of Market NewsUSD/CAD Declines Amid a Flurry of Market News
The Canadian dollar strengthened against the U.S. dollar today, pushing USD/CAD down to 1.39750 – a level that acted as resistance in early October but has since turned into support.
The pair’s fluctuations come amid a busy news backdrop. On Friday:
→ President Trump announced the suspension of trade talks with Canada, reportedly due to his dissatisfaction with Canadian advertising campaigns using Ronald Reagan’s image to criticise tariffs.
→ The CPI report came in weaker than expected. According to Forex Factory, U.S. annual inflation stood at 3.0%, compared with the 3.1% forecast by analysts.
This week could bring heightened volatility as markets await two key rate decisions on Wednesday:
→ At 16:45 GMT+3, the Bank of Canada is expected to cut its policy rate from 2.50% to 2.25%;
→ At 21:00 GMT+3, the Federal Reserve is forecast to lower the Federal Funds Rate from 4.25% to 4.0%.
Both announcements will be accompanied by policy statements that could significantly influence USD/CAD price action.
Technical Analysis: USD/CAD Chart
Last month’s analysis highlighted two key structures:
→ A red long-term descending channel originating in early February;
→ A blue ascending channel formed by price swings since mid-summer.
Since then:
→ Bulls managed to break above the red channel’s upper boundary;
→ The price consolidated around the median line of the blue channel in early October.
From a bearish perspective:
→ The price failed to hold above the psychological level of 1.4000;
→ A sequence of lower highs forms a descending trendline.
From a bullish perspective:
→ The blue channel remains intact;
→ 1.39750 serves as support;
→ An additional support zone lies just below, near the breakout point of the red channel where buying pressure was previously strong.
Given these factors, the red trendline may represent a corrective pattern within the broader bullish structure. Whether buyers can resume the uptrend successfully will largely depend on the upcoming central bank decisions and any further statements from President Trump.
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.
USDCADHigher Highs (HH) & Higher Lows (HL): The pattern of higher highs and higher lows is an indication of an uptrend, showing that the buying momentum is strong.
Entry: Place a buy stop order just above the recent higher high (HH). This allows you to enter the trade if the price continues moving upward, confirming the bullish momentum.
USDCAD Expected Growth! BUY!
My dear subscribers,
USDCAD looks like it will make a good move, and here are the details:
The market is trading on 1.3993 pivot level.
Bias - Bullish
My Stop Loss - 1.3986
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.4007
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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