USDCADLong on this pair, price already did its thing by overselling to continue its trend higher. Let's see how this pans out.
Trade ideas
USDCAD Prepaing to Gilde Down ??USDCAD has been struglling to move up, All the monthly and Bi-Monthly analysis show down including D1. Check your support and resistances and open positions accordingly. Wait for Price Again to preform and see the strong breakouts.
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usdcad terlihat akan strong bullishConsider placing a buy stop in this area, as it represents a strong zone for potential upward movement. A confirmed breakout above this level could trigger further bullish momentum. However, if the price fails to break through and shows signs of rejection, shift your focus towards identifying selling opportunities instead.
USD/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
USD/CAD pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.371 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
USDCAD Sell Setup – Watch for Bearish Engulfing at 1.37727!USDCAD is approaching a key resistance zone at 1.37727, a level where sellers have stepped in before.
My plan is clear: I’ll be watching closely for a Bearish Engulfing candle on the 4H timeframe before pulling the trigger on a short position.
Here’s my breakdown:
Market Structure: Price is currently in a corrective move within a broader range, and 1.37727 has acted as a strong rejection zone in the past.
Entry Plan: Wait for a 4H Bearish Engulfing pattern at or near 1.37727 before entering short.
Target Levels:
TP1: 1.37000
TP2: 1.36450
Stop Loss: Above 1.38000 to allow room for false breakouts.
Why This Matters: A confirmed bearish engulfing here would suggest strong selling pressure and potential continuation to the downside.
Note: This is not financial advice. Always trade with discipline and risk management in place.
📊 Key Levels to Watch:
Resistance: 1.37727
Buy USDCADUSD CAD is in bullish based on breakout of range.
Cot summary also suggets a bullish dollar as commercial, smart money, holds most position.
Alligator is waking to feed his hunger (trend).
Falling towards 61.8% Fibonacci support?The Loonie (USD/CAD) is falling towards the pivot and could bounce to the pullback resistance.
Pivot: 1.3687
1st Support: 1.3563
1st Resistance: 1.3882
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trade idea: Aug 10 - UJ Asia HTF: 4Hr shows support in the last two moves, if we break above key levels or blow, could be the beginning of a trend.
MTF: 30min - Marked off key levels
ETF: 5min - On break of the key level
USDCADProbability of reaching the TP (rise to the 1.4020 area): about 65% to 70%
Probability of reversal before reaching the TP: about 30% to 35%
USDCAD TRADE SETUPWait for breakout the structure then take a trade for Market bias otherwise skip this setup
TRIPPLE BUTTON REVERSAL PATTERN ON USDCAD USDCAD look promising for a buy as we saw a triple button reversal pattern formation which successfully broke the neckline and currently retesting it. A buy opportunity is expected this coming week.
USDCAD 1H sell analysislooking for sell opportunities if/when the market hits the 1H order block + fvg area
USDCAD Potential DownsidesHey Traders, in the coming week we are monitoring USDCAD for a selling opportunity around 1.37700 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.37700 support and resistance area.
Trade safe, Joe.
USD/CADLooking for a bullish breakout here
Been in a downtrend for a while now and looking for a bullish breakout
Already rejected and showed a higher low on the retest and aiming for local high
USD strong after some positive SEC replacement news to add strength
I also have another trade shorting EUR/USD if you want to check that out!
Lets see how we go!
Next week sell USDCAD upon retracementHave a great weekend guys, for next week I am going to sell USDCAD upon retracement, targeting at the purple line there, coincidence with fibo 423.6. Reason is price had rejected the lower low level with great reversal candle, high chance continuing the big trend which is the downtrend. In previous I had posted that double bottom may formed and right now from candlestick analysis it seems the pattern no longer valid. Cheers~
USDCAD BEARISH ZONE COMESUP Current Technical Landscape
Market Sentiment & Drivers
The USD/CAD has risen modestly following Canada’s weak jobs data showing a −40.8 k drop in employment, raising expectations of dovish Bank of Canada policy and fueling a weaker Loonie.
Meanwhile, signals of a more dovish Fed—especially after Trump’s appointed governor tone—have added further downward pressure on the USD.
Key Levels & Technical Indicators
ActionForex (Intraday):
4H MACD has crossed above its signal, neutralizing bias for now.
Break below 1.3720 could target a deeper fall back to 1.3538 — the recent corrective low.
Break above 1.3809 would invalidate that bearish view and suggest a retest of 1.3878.
ActionForex (Weekly):
The pair hovered around 1.3720 last week with a neutral weekly bias.
A downside break could confirm continuation of the corrective decline toward 1.3538.
A bullish breakout beyond 1.3809 could lead to a retest of 1.3878 and possibly higher.
StockTA (as of July 28):
Overall sentiment remains bearish (score: −0.26), particularly in the short-term (−0.48).
Key resistance cluster around 1.47 to 1.45, with multiple levels noted between 1.47 and 1.37.
Support appears near 1.36, based on their analysis.
Marketscreener (latest in July):
Short-term trend: Neutral; Mid-term trend: Bearish; Long-term trend: Neutral.
Short-term resistance: 1.3733, support: 1.3571.
Mid-term resistance: 1.3978, support: 1.3571.
Long-term resistance: 1.4524, support: 1.3490.
Interpretation: Bearish Zone “Coming Up”
The phrase “bearish zone comes up” likely refers to the pair approaching a key resistance area where bearish reversal pressure is increasing. Currently:
1.3720–1.3809 is a critical near-term range. A failure to break above 1.3809 may invite renewed downside toward 1.3538.
Medium-term resistance clusters between 1.37 and 1.40 are also zones where bearish setups may form.
Broader resistance around 1.45–1.47 remains the major structural ceiling, although this lies further out unless the bias shifts.
Strategy Considerations
Bearish setup: Wait for rejection near 1.38, ideally with confirmation (e.g. bearish candle, MACD crossover). A break below 1.3720 could accelerate retest of 1.3538.
Bullish invalidation: A sustained move above 1.3809 could negate the immediate bearish bias, opening targets back toward 1.3878 and beyond.
USD-CAD Resistance Ahead! Sell!
Hello,Traders!
USD-CAD went up and will
Soon hit a horizontal resistance
Of 1.3774 from where
We will be expecting a
Local bearish pullback
Sell!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
sentiment to the downward trend 1-hour analysis FX:USDCAD
The price has corrected towards 1.37723 after falling within the trading volume range. At first glance, the price may fall towards the target of 1.36726.
New selling level 1.37723
What do you think, friends?
