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U.S. Dollar / Canadian Dollar

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USDCAD_D📊 USDCAD Daily Analysis Following the recent strong bearish move, price has now reached key resistance levels. At the same time, a hidden bullish divergence is forming, suggesting the potential for a short-term corrective move. From an Elliott Wave perspective (Elliott Wave Theory), Wave A appears to be completed, and the market is currently developing within a larger Wave B structure. In the short term, a minor pullback or consolidation is expected. However, the broader outlook remains bearish, with a projected decline toward 1.35420, which is expected to complete the larger Wave B structure. After this corrective phase, a bullish continuation is anticipated, targeting the following key levels: 1.40809 1.42475 1.44650 🔴 Invalidation Level: If price breaks below 1.34718, this analysis will be considered invalid. 🌍 Fundamental Outlook (Supporting the Analysis) From a fundamental perspective, the US Dollar and Canadian Dollar pair is heavily influenced by monetary policy divergence and commodity dynamics. The Federal Reserve continues to maintain a relatively tight monetary stance, supporting the USD in the medium term. Meanwhile, the Bank of Canada has shown signs of a more cautious or balanced approach, which can limit CAD strength. Additionally, the Canadian Dollar is closely tied to oil prices. Any stabilization or weakness in crude oil (Crude Oil) could reduce support for CAD, aligning with the expectation of a temporary USD strength after the corrective phase. Overall, the fundamentals support: A short-term correction (due to technical exhaustion and divergence) Followed by renewed USD strength, in line with the projected bullish targets after Wave B completion
Long
by Arshia_Technomental
USD/CAD Continues Downward TrendUSD/CAD continued its downward trend for three consecutive days, hitting a two-week low around 1.3850 (down around 0.30%). ✅ Fundamental Dynamics: "Double Weakness" The pair is experiencing pressure from both its constituent currencies: - ⚡USD Pressure Factors: News of a two-week ceasefire between the US and Iran has crushed safe-haven demand for the greenback. The DXY slumped to a one-month low as diplomatic optimism returned. - ⚡CAD (Loonie) Pressure Factors: Confirmation of the opening of the Strait of Hormuz triggered a massive sell-off in crude oil. As Canada is a major oil exporter, the fall in commodity prices weakened the CAD, preventing the USD/CAD pair from plunging further despite the significant USD weakness. ✅ Key Levels to Watch - ⚡Key Resistance (1.3970): A daily close above this level is needed to revive the bullish bias towards the 1.4050 area. - ⚡Nearest Resistance (1.3925): The recent high that must be broken to halt the weekly downtrend. - ⚡Critical Support (1.3815): A sustained break below this level will confirm a trend change to bearish. - ⚡Downside Target (1.3750): A target for sellers if the 1.3815 level is successfully broken. - ⚡Short-Term Floor (1.3680): The next major support level in case of further, broader selling.
Short
by NouzTrader
USDCAD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARDUSDCAD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Long
by tradergyan01
FX Breakdown: GBPJPY Long ,USDJPY, EURAUD, USDCHF watchlistCurrent market breakdown and trade plan. • GBPJPY – Long position targeting 220.385 after rejection from a key daily flip level. • USDJPY – Bullish monthly impulse structure, expecting continuation above highs. • EURAUD – Monitoring for potential short if 4H bearish confirmation appears. • USDCHF – Watching for a 4H bearish close to enter shorts targeting previous lows. • GBPUSD & Gold – No trades yet, waiting for structure shifts. Multi-timeframe analysis from Monthly → Weekly → Daily → 4H focusing on impulse-correction structure.
Long
by okako_trading
USDCAD Compression Setup – Big Move Loading?USDCAD has been trading between a well-defined demand zone and a descending resistance line. Price has already reacted multiple times from both areas, which shows that the market is respecting these levels. Recently, buyers stepped in again from the demand zone, pushing price back toward the resistance area. However, the market still remains capped under the descending resistance. When price continues to move between tightening boundaries like this, it often signals compression. The next significant move will likely depend on how the market reacts around this resistance. For now, the structure remains simple: demand below, resistance above, and price caught in between. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk.
Short
by TraderRahulPal
USDCAD Multi-Timeframe Breakdown (Top-Down Analysis)Monthly: Monthly closed below a key low, keeping the overall bias bearish. Current month is pushing above the previous month’s high, but price is still reacting around the 50 EMA, so both continuation and a deeper drop remain possible. Weekly: Clear bearish breakout structure with a strong close to the downside. After a corrective move higher, price is now rejecting from a flip zone while also sweeping buy-side liquidity — both pointing toward potential continuation lower. Daily: Market attempted to create a higher high but failed to close above it and is now pushing down strongly. The 50 MA aligns with a key rejection zone, creating a confluence area for potential shorts. 4H Trade Plan: Watching for rejection from the current resistance zone. Plan: Short on confirmation with a tight stop above the invalidation level. Targeting 1:3 RR, and if price breaks the recent lows, stop will be moved to breakeven. Question: How would you rate this setup out of 5? Let me know below.
Short
by okako_trading
USDCAD Bullish Continuation Setup – Key Break & Hold Above 1.371USDCAD is showing strong bullish structure with sustained higher lows and strong momentum candles. The pair is currently testing a key resistance-turned-support zone at 1.3712. A confirmed hold above this level signals continued bullish control and opens the path toward the next liquidity zones. 🎯 Key Levels to Watch Bullish Confirmation: Sustained close above 1.3712 Target 1: 1.3790 (intermediate resistance / liquidity pocket) Target 2: 1.3840 (major supply zone) 🧠 Why This Setup Matters ✔ Strong bullish momentum structure ✔ Resistance flipping into support ✔ Clear liquidity targets above ✔ Favorable risk-to-reward opportunity Buyers remain in control as long as price holds above the breakout zone. A rejection from 1.3712 would suggest short-term consolidation, but continuation remains the higher-probability scenario while structure stays intact. 📌 Disclaimer This analysis is strictly for educational purposes and not financial advice. Please consult your financial advisor and follow your own trading plan before taking any trades. If you find this idea useful, hit the like button and share your views—your feedback helps us create better trading insights for the community. 🚀 Trade smart. Trade disciplined. Happy Trading, – The InvestPro Team
Long
by InvestPro_India
USDCAD Intraday Liquidity Reversal USDCAD delivered a textbook sell-side liquidity purge before rotating higher, suggesting smart money participation emerging from the lower dealing range. Price engineered a sweep below the equal lows near 1.3517, effectively triggering resting sell stops and late breakout shorts. The displacement that followed indicates aggressive buy-side interest rather than passive short covering, reinforcing the probability of accumulation at discount. From an ICT framework, the market transitioned from a bearish delivery into a short-term market structure shift (MSS) after failing to continue lower post-liquidity grab. The impulsive bullish leg left behind a minor inefficiency, hinting that algorithms repriced the pair too quickly after securing liquidity. Orderflow Narrative: External range liquidity was cleared beneath prior lows. Smart money likely accumulated within the discount zone of the current dealing range. Subsequent displacement validates intent, not randomness. The highlighted long setup aligns with the expectation of price gravitating toward equilibrium, with 1.3550–1.3575 acting as the next magnet where opposing liquidity clusters rest. Trade Logic: Entry Zone: Discount / post-sweep reaction Invalidation: Sustained acceptance below the liquidity low Target: Draw on buy-side liquidity above internal highs
Long
by YCGH_Capital
USDCAD | 1H Market Structure OutlookUSDCAD is currently trading within a well-defined short-term distribution range after engineering a strong impulsive rally from the late-January lows. The recent expansion into the 1.3700 handle appears to have tapped into a premium supply zone, where price printed rejection wicks, signaling the presence of institutional sell-side liquidity. From an SMC / ICT perspective: Price swept relative equal highs before showing displacement to the downside, hinting at a classic buy-side liquidity grab. The rejection from the marked supply suggests smart money may be positioning for a retracement toward inefficiencies left below. Internal structure is beginning to shift bearish on the lower timeframe, though confirmation would require a decisive break of structure (BOS) beneath the 1.3620 support. Key Levels to Watch Supply / Premium: 1.3695 to 1.3710 Intermediate Support: ~1.3620 (range floor) Higher-Timeframe Demand: 1.3580 to 1.3600, aligning with the visible demand block and potential mitigation zone. Projected Path If price fails to reclaim the supply region, the probability favors a corrective move lower, potentially delivering a measured draw on liquidity into the demand zone. A brief pullback into a lower high followed by continuation would further validate bearish order flow. Invalidation Scenario: Sustained acceptance above 1.3710 would negate the bearish premise and open the door for continuation toward higher liquidity pools. Bias: Short-term bearish while below supply, with expectations of liquidity engineering toward discounted pricing.
Short
by YCGH_Capital
2
USDCAD at historical demand zoneThe USDCAD pair is currently testing a critical support zone that has historically acted as a trusted base. After a sharp descent, we are seeing signs of life as the price attempts to hold this floor and move higher. The immediate price action suggests this level is highly decisive for the next major trend. Here are the two primary scenarios to watch: 1. If the current momentum sustains and the base remains intact, the first major target is the overhead resistance at 1.3826. Continuation: A clean break and daily close above 1.3826 would signal a shift in market structure, likely igniting a fresh bullish wave toward higher swing levels. 2. On the flip side, if the recovery loses steam and the price slips back below the 1.3662 mark, the outlook turns sharply bearish. Target: Trading below this support would invalidate the current bounce and open the doors for a deeper correction toward the 1.3400 psychological level. As usual, Volume plays key role.
Long
by STtraderr
USD/CAD: Elliott Wave Bearish BiasUSD/CAD is showing a bearish Elliott Wave structure on the 4H chart. Price appears to have completed a corrective Wave 2 near the 0.5–0.618 Fibonacci retracement zone, which is a common area for corrections to end. From there, the market has started to turn lower, suggesting the beginning of a new impulsive Wave 3 to the downside, which is usually the strongest bearish wave. As long as price stays below the recent swing high near the retracement zone, the bias remains bearish, with downside targets toward the 1.365–1.360 area. A move above the Wave 2 high would invalidate this count and delay the bearish scenario. Stay tuned! @Money_Dictators Thank you :)
Short
by Money_Dictators