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U.S. Dollar / Canadian Dollar

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USDCAD Short Entry Price: 1.3886. Stop-Loss (SL): ~1.3921 (above recent resistance). Take-Profit (TP): ~1.3835 (below the entry). This creates a risk-to-reward ratio of about 1:2 (you risk ~35 pips to potentially gain ~50 pips). Price has made a strong push upward, approaching a resistance zone near 1.3890–1.3920, where it previously reversed. The trader is betting on a rejection from resistance for a move down. This is a short setup on USDCAD, expecting rejection from resistance around 1.3890–1.3920 with an overbought RSI confirmation. Risk is limited with a stop above resistance, aiming for profit down near 1.3835. Fundamentally, the asset is currently overvalued against the Dollar index and Gold.
Short
by ChartWithMG
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 LABA_GOLD_TRADING
4
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 vicofalltrades
2
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
CAD Weakens, USDCAD Pushes AheadOn September 23, 2025, the Canadian dollar fell to an 11-day low as the interest rate spread between the U.S. and Canada widened further. This continued to put pressure on the CAD, giving USDCAD strong upward momentum. Looking at the chart, USDCAD is moving steadily within an ascending channel. The current price around 1.3890, after a minor consolidation, has the potential to test the 1.3900 resistance zone. This is a key level — if broken decisively, the bullish trend will be reinforced and extended. On the downside, the 1.3830 support zone remains the key level to hold the trend. As long as price stays above this area, the strategy favors buying with the trend. In summary : USDCAD is in a clear uptrend, with fundamentals supporting the bulls. The immediate target is 1.3900, with potential for higher gains if CAD weakness continues.
Long
by ShadowReaper_
USD/CAD(20250925)Today's AnalysisMarket News: Chicago Fed President Goolsbee, a voting member of the FOMC this year, warned against a series of rate cuts, stating he remains concerned about inflation and is unwilling to support a rate cut at the next meeting. San Francisco Fed President Mary Daly, however, believes that slowing economic growth and labor force growth, coupled with lower-than-expected inflation, may warrant further rate cuts. Technical Analysis: Today's Buy/Sell Levels: 1.3877 Support and Resistance Levels: 1.3952 1.3924 1.3906 1.3848 1.3829 1.3801 Trading Strategy: If the market breaks above 1.3906, consider a buy entry, with the first target at 1.3924. If the market breaks below 1.3877, consider a sell entry, with the first target at 1.3848.
Short
by GoldenBigAge
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
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: 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
USDCAD bullish breakout support at 1.3844The USDCAD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend. Support Zone: 1.3844 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 1.3844 would confirm ongoing upside momentum, with potential targets at: 1.3900 – initial resistance 1.3930 – psychological and structural level 1.3960 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 1.3844 would weaken the bullish outlook and suggest deeper downside risk toward: 1.3820 – minor support 1.3780 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the USDCAD holds above 1.3844. 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
USDCAD Wave Analysis – 24 September 2025- USDCAD reversed from support area - Likely to rise to resistance level 1.3900l USDCAD currency pair recently reversed from the support area between the pivotal support level 1.3715 (which has been reversing the price from the start of August) and the lower daily Bollinger Band. This support area was further strengthened by the support trendline of the daily up channel from July and by the 61.8% Fibonacci correction of the upward impulse from July. USDCAD currency pair can be expected to rise further in the active impulse wave 3 toward the next resistance level 1.3900.
Long
by FxPro