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U.S. Dollar / Canadian Dollar

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USDCAD - Breakout Will Flip the Trend BullishUSDCAD has been sliding inside a well-defined descending channel, completing a full five-wave drop toward the support zone. The structure from the top looks corrective rather than impulsive. That means the downtrend is weakening as it reaches its final leg. Your count shows Wave 3 finishing at the dashed red line zone, followed by a small Wave 4 bounce, and now the market is pushing into the last Wave 5. This final drop is expected to target the Fibonacci levels near 1.3915 and 1.3895 . Nothing suggests strength until those levels are tested. The price is still trapped inside the downward channel, and every bounce has been getting sold. That confirms sellers are still in control for now. Wave (C) is close to completion, but buyers haven’t proven anything yet. The bullish outlook only becomes valid after a clean breakout above the channel. Without that break, any upside move is just noise inside a bearish structure. The breakout must hold with a higher low to confirm a trend reversal. If the channel breaks decisively, a strong bullish reversal toward 1.40+ becomes possible. The entire structure suggests the downtrend is aging, so a major upside swing is likely once sellers exhaust. Until then, downside targets remain open and caution is necessary. Stay Tuned! @Money_Dictators
by Money_Dictators
USD/CAD (3H timeframe) chart...USD/CAD (3H timeframe) chart 👇 🧭 Chart Overview: Current price: ≈ 1.3979 Trend: Bearish breakdown from support and trendline. Price has cleanly broken below both the ascending trendline and Ichimoku cloud, confirming a downside continuation. --- 🔍 Key Technical Details: The previous support zone (1.4010–1.4040) has turned into resistance. Momentum is bearish after retesting that area and rejecting it. Two target points are clearly marked on my chart. --- 🎯 Target Levels: If bearish momentum continues 👇 Target 1: 🟢 1.3900 — first major support / first target Target 2: 🟢 1.3730–1.3750 — second major target zone (full extension of breakdown) --- ⚙ Trade Setup Suggestion: Entry (Sell): Below 1.3980 (confirmation of continuation) Stop Loss: Above 1.4045 (above broken support) Take Profit 1: 1.3900 Take Profit 2: 1.3730 --- ⚠ Summary: 📉 Structure = Bearish 🎯 Targets = 1.3900 → 1.3730 🔄 Resistance = 1.4010–1.4040 (sell zone if retested)
Short
by HussaiN_JaNi
3
technical analysis of your chart for USD/CAD (15-minute timeframMarket Structure The pair is moving within an ascending channel, indicating short-term bullish momentum. Higher highs and higher lows confirm the ongoing uptrend structure. 🟦 Key Zone Support Level: 1.3985 – 1.3990 This shaded zone represents a demand area where price previously found strong buying interest. As long as this level holds, the short-term bullish bias remains valid. 🔹 Price Action Outlook Price is currently testing the lower trendline of the channel and near the support zone. A bullish reaction from this level could trigger a bounce toward the mid-channel and potentially the upper resistance. 🎯 Target Upside Target: 1.4039 This corresponds to the upper boundary of the channel and a previous swing high area. ⚠️ Invalidation / Risk Level A break below 1.3980 would invalidate the bullish setup and could lead to a bearish correction toward 1.3965 or lower. 📈 Trading Signal (Summary) Bias: Bullish (short-term) Entry Zone: 1.3985 – 1.3995 (support area) Target: 1.4039 Stop-Loss: Below 1.3980 FX:EURUSD OANDA:EURUSD OANDA:GBPUSD FX:USDJPY OANDA:USDJPY OANDA:AUDUSD OANDA:GBPJPY OANDA:USDCAD OANDA:USDCHF FX_IDC:USDINR FOREXCOM:EURUSD OANDA:EURNZD
Long
by MR_NARCOS_ANALYSIS
USDCAD (3H chart) setup ...USDCAD (3H chart) setup — here’s what can be seen and the likely target analysis based on my chart: 🔍 Chart Observations: The pair has broken out of a descending channel (marked by the two slanting lines). Price is currently around 1.3999 and testing the upper boundary of the breakout. The chart also uses Ichimoku Cloud, with price beginning to move above the cloud area — a bullish sign. Two target points are already drawn on my chart. 🎯 Target Levels: 1. First Target (Short-term): 📍 Around 1.4020 – 1.4030 → This aligns with my first “target point” label and matches initial resistance from the cloud zone. 2. Second Target (Main Bullish Target): 📍 Around 1.4070 – 1.4080 → This corresponds to the higher target level drawn on my chart and previous horizontal resistance zone. ✅ Summary: Buy Zone: 1.3980 – 1.4000 TP1: 1.4020 TP2: 1.4070 Stop Loss (SL): Below 1.3960 (under the support base) This setup supports a bullish breakout continuation toward 1.4070 if the price sustains above 1.4000.
Long
by HussaiN_JaNi
3
USDCAD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Long
by okako_trading
USDCAD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Long
by okako_trading
USDCAD Analysis – Market Recovery and Bullish OutlookUSDCAD Analysis – Market Recovery and Bullish Outlook USDCAD Market Report USDCAD is emerging from a completed downside leg into a constructive recovery cycle. The prior bearish momentum created imbalance, but recent order flow shows that liquidity has been absorbed, allowing buyers to regain control. The transition reflects a clean structural shift, where corrective pressure is evolving into directional expansion. The sequence of price action highlights disciplined progression: accumulation at lower levels, controlled impulsive candles, and measured volatility. This behavior signals that the market is not in exhaustion but in the early stages of a potential bullish leg. The rotation from decline into expansion suggests renewed confidence from larger market participants. Looking ahead, the pair remains positioned for continuation. The rhythm of correction followed by orderly advancement underlines a resilient structure, with market dynamics favoring sustained upside development in the medium term.
Long
by XAU_EMPIRE
USDCAD Scalping the 1.3740-1.3720 Decision Zone USDCAD at make-or-break support (1.3740–1.3720). 📈 Bullish Plan: Entry: 1.3745 | SL: 1.3725 | TP1: 1.3770 | TP2: 1.3810 🚀 📉 Bearish Plan: Entry: <1.3720 | SL: 1.3740 | TP1: 1.3700 | TP2: 1.3680 ⚡ 👉 Watch this zone — bounce = long, break = short. USDCAD is sitting at a critical 1.3740–1.3720 support zone. This area can trigger either a bullish bounce or a bearish breakdown — perfect for a scalping setup. “USDCAD: Scalping the 1.3740–1.3720 Decision Zone 🚀⚡” USDCAD is testing a key 1.3740–1.3720 support zone after a strong bearish move. This level has acted as a demand area multiple times, making it a critical decision point. Bullish case: If buyers defend this range, a rebound toward 1.3770–1.3810 is possible. Bearish case: A clean break below 1.3720 opens the door for a slide toward 1.3700–1.3680 liquidity. 📍 Watch how price reacts here — this zone will decide the next move.
by dsbmdilip
USD/CAD(20250912)Today's AnalysisMarket News: U.S. initial jobless claims surged to 263,000 in the week ending September 6, reaching a near four-year high. Traders are fully pricing in three Federal Reserve interest rate cuts by the end of 2025. Technical Analysis: Today's Buy/Sell Levels: 1.3848 Support and Resistance Levels: 1.3911 1.3887 1.3872 1.3824 1.3809 1.3785 Trading Strategy: If the price breaks above 1.3848, consider entering a buy position, with the first target at 1.3872. If the price breaks below 1.3824, consider entering a sell position, with the first target at 1.3809.
Long
by BullMarketKing
USDCAD SELL SETUP📉 USDCAD Sell Setup – Liquidity Sweep + Fractal Shift Pair: USDCAD Type: Sell Trade Entry Bias: Short-term retracement after liquidity sweep --- 🔎 Higher Timeframe Context (Daily) Daily timeframe is still bullish overall. But recently, price swept daily liquidity highs and started showing weakness. This often signals that buyers may be exhausting, and a retracement phase can begin. --- ⏳ 4H Timeframe Confirmation On the 4H chart, structure has shifted bearish. Clear signs of weakness after the liquidity grab. Market is likely setting up for a retracement leg, targeting liquidity below. A clean fractal shift into bearish order flow confirms downside bias. --- 🎯 Trade Plan Entry Bias: Sell after confirmation of retracement continuation. Stop Loss (SL): 1.38570 (above recent liquidity grab). Take Profit Targets: 1. TP1: 1.37400 (first liquidity sweep zone). 2. TP2: 1.36670 (major liquidity pool below). --- 📌 Summary USDCAD is bullish on the daily, but after a liquidity sweep, momentum is shifting. With a bearish 4H structure and fractal shift, probability favors a retracement move down before bulls re-enter. Bias: Short-term Sell Risk Management: Always use stops & partials. --- ⚡ This setup is based on liquidity sweeps, fractal shifts, and multi-timeframe confluence — trade safe!
by ExoFx-Subhash
USD/CAD(20250908)Today's AnalysisMarket News: Non-farm payroll growth fell significantly short of expectations, with June's data revised downward to negative territory, marking the first contraction since 2020. The unemployment rate hit a nearly four-year high. Technical Analysis: Today's buy/sell levels: 1.3812 Support and resistance levels: 1.3909 1.3873 1.3850 1.3775 1.3752 1.3715 Trading Strategy: If the price breaks above 1.3850, consider a buy entry, with the first target at 1.3873. If the price breaks below 1.3812, consider a sell entry, with the first target at 1.3775
Long
by BullMarketKing
Bearish Still Valid with Dual TPsThe Sell signal was already triggerred on Wednesday 27th August with the hope that it will hit the TP1 area which is at 1.3683. Offcourse, it retraced without hitting the required TP which is still indicating the validation of TP 1. Now the price is availalbe at extremely discount level. A ride with Bearish from here @1.3825 will lower the risk for us and giving us another opportunity to ride on bears. I usually take two positions, each 1% risk. both has same SL @1.3929. Move SL to Break even if TP1 hit and let position 2 head towards TP2 with 0 risk. Signal: Position No. 1 (1:1 Risk to Reward) Entry price: 1.3825 SL: 1.3929 TP: 1.3683 Position No. 2 (1:2 Risk to reward and then 0:2 Risk to reward if after hitting TP1. Entry price: 1.3825 SL: 1.3929 TP: 1.3561
Short
by hameedops