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USDCAD trade ideas

USDCAD: Bulls Targeting Higher ResistanceUSDCAD: Bulls Targeting Higher Resistance USDCAD is showing bullish momentum after bouncing from recent lows. The price is now heading upward, aiming first for the resistance area around 1.3882. If this level breaks and holds, the next target lies near 1.3920, which is a stronger resistance zone. As long as the price remains above recent higher lows, buyers may continue to be in control. A rejection from resistance could cause a short-term pullback, but the overall outlook favors more upside movement. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
6
USDCAD – Head & Shoulders Pattern with Trendline BreakOn the 4H chart of USDCAD, a potential Head & Shoulders formation is visible, with the left shoulder, head, and right shoulder already marked. Price has also broken below the rising trendline, suggesting a possible bearish structure shift. Key points: Head & Shoulders pattern completed. Trendline break adds confluence. Price is currently retesting the broken zone. A continuation to the downside may develop if sellers remain in control. This analysis is shared for educational purposes only. It is not financial advice—always do your own research and follow your trading plan.
Short
by ProfitMagnet-Pro
6
USDCAD Bounce back showing bullish consolidation momentumUSDCAD is currently showing bullish consolidation momentum after bouncing from recent lows. The pair is trending upward with an initial If the price holds above recent support and continues to maintain upward structure, buyers are likely to stay in control, favouring further upside toward the 1.3880 resistance zone. A rejection from resistance levels could trigger a short-term pullback. However, unless the price breaks decisively below recent lows, the broader momentum remains in favour of the upside. Bias: Overall, the technical structure favours bullish momentum, with short-term corrections offering potential buying opportunities. You any find more details in the chart. Trade wisely best Of Luc. Ps; Support with like and comments for better analysis Thanks for Supporting.
Long
by MrMartin_11
7
Lingrid | USDCAD Short at Resistance Following Rejection SignalThe price perfectly fulfilled my previous idea . FX:USDCAD rebounded strongly from the double bottom around 1.3700 and is now climbing within an upward channel. The structure shows lower highs capped by the red resistance trendline, while buyers attempt to sustain momentum toward 1.3868–1.3924 resistance. If price fails to break and hold above 1.3868, a rejection could send it back toward 1.3800 support. Broader context suggests a corrective upswing inside a larger resistance zone where sellers remain active. ⚠️ Risks: A clean breakout above 1.3924 would invalidate the sell bias and extend the bullish leg. Strong USD momentum from macroeconomic data could fuel further upside. Failure of the 1.3800 support could trigger deeper volatility spikes. If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
Short
by Lingrid
4
USDCAD: Impulse Wave Points to Higher LevelsUSD/CAD Price is showing the early stages of a bullish (C) leg after a large corrective sequence. The chart labels show a completed corrective (B) low at the horizontal support and an impulsive 1–2 sequence unfolding for the new upward leg. Bias: bullish while price holds above the demand zone/wave-2 low. The market completed an ABC correction that found support on the horizontal lower boundary. That corrective phase looks finished; we should now be in wave (C) up, the final leg of the correction. Short-term momentum has flipped, with buyers stepping in at support. This favors trend-following longs into the extension leg (wave 3 → 5) Target 1 (T1): 1.38408 Target 2 (T2): 1.38810 Stop-Loss (SL): 1.37195
by Money_Dictators
1
Bullish bounce off major support?The Loonie (USD/CAD) is reacting off the pivot, which acts as an overlap support and could bounce to the 1st resistance, which is an overlap resistance that is slightly below the 50% Fibonacci retracement. Pivot: 1.3755 1st Support: 1.3568 1st Resistance: 1.4015 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 ICmarkets
1
USDCAD Bearish Reversal Setup – Supply Zone + Rising Wedge Break1. Chart Pattern A rising wedge/channel (highlighted in red) is clearly forming, which is typically a bearish reversal pattern. The pair has reached the upper boundary of the wedge — a strong resistance area. 2. Supply Zone Marked around the 1.3945 – 1.3981 area. This is a potential reversal zone, where selling pressure may overpower buying interest. The price has just entered this zone, indicating a possible short setup. 3. Trade Setup (Short Position) Entry Point: 1.39431 Stop Loss: 1.39810 – 1.39815 (just above the supply zone) Target Point: 1.36328 📉 Risk-to-Reward Ratio (RRR) Risk: ~38 pips (1.3981 - 1.3943) Reward: ~310 pips (1.3943 - 1.3632) RRR: ~8:1 – this is an excellent reward-to-risk ratio, making the trade very attractive if the setup confirms. 4. Trend Context The prior trend before the wedge was bearish. The wedge appears to be a corrective move, which aligns with the idea of a continuation to the downside. 5. Bearish Confirmation Needed Ideally, a bearish candlestick pattern (like a pin bar, engulfing, or evening star) inside the supply zone would provide confirmation before entering the short. 📊 Summary of Strategy Component Value Trade Direction Short Entry Price 1.39431 Stop Loss 1.39810 Take Profit 1.36328 Risk/Reward ~1:8 Setup Type Supply Zone Reversal + Rising Wedge Breakout ✅ Pros High RRR Strong supply zone Rising wedge at resistance Price action supports reversal ⚠️ Risks If price breaks above the supply zone, the setup becomes invalid Wait for confirmation before entering (e.g., bearish candlestick pattern)
Short
by labagold
2
USDCAD: A Sell Opportunity You Can't MissLooking at the USDCAD chart, we can see that price is moving within a descending channel with lower highs. Currently, price is testing the upper boundary of this channel. In the past, sellers have successfully defended this level multiple times, and the current market structure suggests we may see another rejection here. If that happens, setting up a short position would be straightforward. Our target would be around 1.38150, a reasonable objective based on this setup, where a price retracement or even a strong decline could occur. The current trend remains bearish, and in descending channels like this, going with the trend is generally a better strategy than fighting it. Until buyers convincingly break this descending channel, sellers remain in control, and the opportunity to trade with the trend is still very clear. Do you see it this way as well?
Short
by Kenn_Nguyen
6
Lingrid | USDCAD Sideways Market Long Opportunity FX:USDCAD has been trading within a clear sideways channel after facing strong rejection from the resistance zone near 1.3925. Price has since formed a lower high and dipped into the 1.3764–1.3693 support region, where buyers are attempting to stabilize. A bounce from this demand area could fuel a recovery toward 1.3850, but the broader structure remains corrective unless price clears above the descending trendline. ⚠️ Risks: A sustained break below 1.3765 would expose 1.3700 and the deeper support area. Stronger crude oil prices could strengthen the CAD and weigh on USDCAD. Unexpected hawkish Fed comments may disrupt the short-term rebound scenario. 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
7
Usdcad short Usdcad sell Entry: 1.39079 SL: 1.39.278 TP : 1.38662 RR 1:2 take partials after 1:1 and setup SL to BE. 📊 Trade Plan Idea 1. Liquidity Grab ($$$$$) Price ran above previous swing highs where liquidity was resting (buy-side liquidity). This is a classic stop-hunt before a potential reversal. 2. Supply Zone (1.3910 – 1.3928) Price has wicked into the supply zone and is showing rejection. This aligns with the earlier bearish idea. 3. Bearish Bias Confirmation The red arrow indicates expectation of a drop after liquidity grab. Liquidity sweep + supply zone = strong bearish confluence.
Short
by vicofalltrade
2
Will USD/CAD Finally Respect the PRZ?Price is pressing right into a Potential Reversal Zone (PRZ) that lines up perfectly with an AB=CD completion and a long-standing resistance shelf on the 1-hour chart. The market has been grinding higher for days, but the structure is hinting that the next decisive move may be down—not up. Here’s why I’m interested, but still waiting for confirmation before pulling the trigger. 🔍 Technical Setup Pair / TF: USD/CAD – 1 Hour Trend: Short-term bullish, but extended and showing fatigue Pattern: AB=CD harmonic completion (no other harmonic pattern) Key Zones: PRZ / Resistance: 1.3865 – 1.3875 Support / Trigger area: 1.3830 Structure Clue: If price breaks the latest Higher Low (HL) and prints a fresh Lower Low (LL), it signals that buyers are losing grip and sellers may step in with force. Divergence: RSI(14) shows bearish divergence (price making higher highs while RSI makes lower highs) — a classic early-warning sign that upside momentum is fading. 🌐 Sentiment & Fundamentals Retail Sentiment (myfxbook): 32 % short / 68 % long → majority long means there’s fuel for a quick stop-driven drop if price reverses. USD Index (DXY): bearish bias after recent Fed remarks about a slower pace of hikes and cooling inflation signals. CAD Index: bullish tone, supported by firm crude oil demand and a Bank of Canada still talking hawkish. Macro Backdrop: US–Canada 2-year yield spread has narrowed slightly, favoring CAD strength. Crude oil holding above key supports strengthens the Canadian dollar further. These fundamental drivers add conviction to a bearish bias if technical confirmation appears. 🛠️ Trade Plan (only if conditions trigger) Entry (Sell Stop): 1.38308 — waiting for HL break and a clean LL close to confirm sellers in control. Stop Loss: 1.38584 (just above PRZ and recent highs). Target (TP1): 1.38032 Position Size: 0.5 lot (on ~USD 10 K account). Risk/Reward: 1 : 1 (~$100 risk for ~$100 reward). Risk Management: If price never breaks HL and instead keeps climbing, no trade is taken — capital stays safe. 🎯 Bias Although the short-term trend is still technically up, the confluence of PRZ resistance, AB=CD completion, bearish RSI divergence, bearish USD index, and bullish CAD index keeps my bias cautiously bearish — but only with breakdown confirmation. 💡 Takeaway This is a wait-for-breakdown idea, not a blind short. If price slices through 1.3830, the door opens for a quick momentum drop toward 1.3810 (and possibly 1.3785 if oil strength continues). If it doesn’t, I stay flat and safe. 💬 Share Your View What’s your take on USD/CAD here? Drop your thoughts in the comments and let’s discuss the levels. ✅ Follow me for more trade ideas and signals — stay ahead of key setups like this one. ⚠️ Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk — always do your own research and manage risk carefully. Past performance ≠ future results. #USDCAD #forex #forextrading #fxtrader #priceaction #technicalanalysis #fundamentalanalysis #ABCDpattern #harmonicpattern #RSIdivergence #bearishdivergence #PRZ #potentialreversalzone #supportandresistance #chartanalysis #tradingsetup #tradeplan #riskmanagement #forexsignals #forexstrategy #currencytrading #majorpairs #dxy #crudeoil #canadiandollar #usdollar #tradingview #marketanalysis #daytrader #swingtrader #priceactiontrader #smartmoneyconcepts #liquiditygrab #lowerlow #higherlow #bearishsetup #shortsetup #fxsignals #forexeducation #tradewithplan #waitforconfirmation
Short
by asimafridi
1
USD/CAD - Bearish Flag (15.09.2025)The USD/CAD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Bearish Flag Pattern. TRADENATION:USDCAD 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 – 1.3814 2nd Support – 1.3796 🎁 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.
Short
by KABHI_TA_TRADING
60
USDCAD Will Fall! Short! Take a look at our analysis for USDCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.382. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.373 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Is This the Next Bullish Wave for USD/CAD Traders?💵 USD/CAD "THE LOONIE" | Forex Market Wealth Strategy Map (Swing/Day Trade) 📊 Trade Plan: BULLISH Outlook Entry Style (Thief Layering Strategy): Multiple buy limit orders layered around 🔑 key levels. Example layers: 🟢 1.37600 🟢 1.37700 🟢 1.37800 🟢 1.37900 🟢 1.38000 (You can increase or reduce your own limit layers depending on risk & style). Stop Loss (Thief SL 🚨): 🛑 Suggested protective stop @ 1.37400 ⚠️ Note to my OG Thief crew: This SL is just my style. You are free to choose your own SL — manage your risk your way. Target (Police Trap Exit 🎯): 👮‍♂️ Strong resistance + overbought conditions = possible trap zone. 🎯 Target: 1.39200 ⚠️ Note: Same as above — this TP is my roadmap, but you choose how & when to take profits. Escape smart! 🔍 Key Market Outlook USD/CAD shows bullish momentum supported by USD resilience and CAD lagging on weaker oil flows. Macro View: Fed’s tone + oil market softness = stronger USD pressure on CAD. Sentiment Check: Buyers layering in, market showing gradual accumulation. Police (resistance) spotted higher up — profit-taking advised before getting caught in the trap! 🔗 Related Pairs to Watch & Correlations 💹 TVC:DXY → Dollar Index (tracks USD strength 💪). 🛢 BLACKBULL:WTI Crude Oil → CAD correlation 🔑 (weaker oil = weaker CAD). 💶 FX:EURUSD / FX:GBPUSD → Inverse flows vs USD. 🇲🇽 FX:USDMXN → Another USD + commodity-linked pair to compare moves. Keeping an eye on these helps confirm momentum across markets ✅. ✨ “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 a Thief style trading strategy 🥷 created for fun & educational sharing only. This is not financial advice. Trade at your own risk. #USDCAD #Forex #SwingTrade #DayTrading #TradingStrategy #Loonie #ThiefStyle #FXCorrelations #Dollar #CAD #ForexCommunity
Long
by The-Thief
BoC signals two-way USDCAD opportunities Bank of Canada Governor Tiff Macklem has commended US Federal Reserve Chair Jerome Powell's for managing of a difficult environment well, and pointed out that political attacks on the Fed from President Trump are a concern for the BoC too. For USDCAD, this means traders might start viewing Canada’s central bank as acting more independently, instead of just following the Fed. This could create more two-way trading opportunities. On the 4-hour chart, USDCAD has shown clear range dynamics: immediate resistance sits near 1.3845–1.3880, a zone repeatedly rejecting advances through September, while the 1.3720 area has acted as strong demand. The higher lows since mid-September could suggest buyers are building strength though.
by BlackBull_Markets