USDCAD (4H) Technical Analysis Long setupPair: USD/CAD
Timeframe: 4H
Bias: Bullish
Structure: Falling Wedge Breakout → Bullish Continuation
Current Price: ~1.3937
📐 Chart Breakdown
1. Falling Wedge Formation (Bullish Reversal Pattern)
Price was consolidating inside a falling wedge, typically a bullish reversal structure.
Breakout to the upside confirms buyer strength after a period of compression.
2. Breakout + Retest Setup
Clean breakout above the wedge has occurred.
Price is currently forming a small bullish flag (or consolidation), likely preparing for a retest of the breakout zone around 1.3856 before continuation.
3. Clean Bullish Imbalance Above
The large bullish candle created imbalance above, increasing the probability of a liquidity-driven move up.
4. Higher Timeframe Target Zones (Key Supply)
1st Target: 1.4150 (previous support turned resistance)
2nd Target: 1.4280 (major horizontal resistance)
Final Target: 1.4520 (multi-week supply zone)
🧾 Trade Plan – Long Setup
Entry Zone Stop Loss Take Profit Targets Risk:Reward
1.3860–1.3885 (retest of wedge) 1.3750 (below last swing low) 1.4150, 1.4280, 1.4520 1:3 to 1:5+
✅ Confluences Supporting the Long Bias
Confluence Details
✅ Falling Wedge Pattern Price broke out from bullish wedge.
✅ Retest Setup Pullback expected before continuation.
✅ Bullish Market Structure Higher highs forming post-breakout.
✅ Clean Liquidity Above Fewer obstacles on the way to major targets.
✅ Strong Demand Zone Below Buyers stepped in around 1.3750–1.3850.
🚫 Invalidation
If price breaks below 1.3750, bullish setup fails.
Close below wedge base may invite deeper bearish pressure.
📊 Trade Management Tips
Enter on bullish candle at retest zone.
Scale out profits at 1.4150, then 1.4280, let partials run to 1.4520.
Use trailing SL after price hits first TP for a risk-free runner.
Singal
DXY: DXY technical analysis todayThe three major US stock indices continued to eke out small gains while bonds
rebounded from Monday’s corrective move lower, pushing yields down again.
Several Fed speaks turned out hawkish still despite last week’s dovish pause
and data weakness seen in the labour and services sectors. Fed Logan said
inflation still remains too high. Fed Waller said the spike in yields was an
“earthquake” for the bond market, while Fed Bowman said it was too soon for
policy makers to know the full effects of the recent rise. Earlier in European
and Asian sessions, stocks ended in the red as weaker than expected China
exports stoke fear growth in the economic giant is cooling much more than
expected. Futures are pointing to mixed openings in the Asia markets today.
• Global bonds rebounded and drove yields lower again by and large. The UST
curve shifted lower by 2-9bps across the curve led by the long ends, bull
flattening the curve. 10Y European bond yields also fell about 8-10bps with
the German bunds losing 8bps to 2.66% while the UK gilts shed 10bps to
4.27%
Maple Tree Log Tr breaking ResistanceMaple Tree Log Tr breaking Resistance level of 1.30.
Stock made low around 1.18 and shift upwards after forming Doji around this level.
Stock is rising in uptrend with strong momentum.
Momentum indicator like RSI also rising current value pointing to 65.0 level.
Stock can rise till 1.35-1.38 with support comes around 1.23-1.24