DROP ON U/CAD ??A 15 min base of the top range is holding on the lower timeframes. A new bearish trend has been formed indicating potential downward momentum.
ONLY TIME WILL TELL.
USDCAD trade ideas
USDCAD Daily: enough rest, lets continue up...After 6 months in consolidation mode the price managed to break the 1.39531 Resistance and re-test the 1.41780 previous resistance from 2020 but didn't have enough bullish gas to close above that level. Now inside a small consolidation between 1.41780 and 1.39531 the bulls are trying to get back on the wheel after a strong bearish reaction on 26th pushing the price to close below the resistance. The RSI is just below the 6-0 level heading to the 50 what may suggest a possible end of the current pullback if this downward move is rejected by the 50 level triggering another bullish move.
Resuming the price remains bullish as long it stays above the EMA(21) and above the 1.40065 level but any close below those levels may represents only a short term pullback.
Falling towards overlap support?The Loonie (USD/CAD) is falling towards the pivot which is an overlap support and could bounce to the 1st resistance.
Pivot: 1.3951
1st Support: 1.3847
1st Resistance: 1.4036
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
usdcadAccording to the strategy I used, usdcad fulfilled all the rules and I set the SL to be 10pips and the TP to be 30 pips.
USDCAD Short TradeUSDCAD is trending bullish but we might see slight correction in price due to overbought level or resistance on upside.
USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.39600 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.39600 support and resistance area.
Trade safe, Joe.
Bullish bounce off overlap support?USD/CAD is falling towards the support level which is an overlap support and could bounce from this level to our take profit.
Entry: 1.3945
Why we like it:
There is an overlap support level.
Stop loss: 1.3852
Why we like it:
There is a pullback support level that lines up with the 127.2% Fibonacci extension.
Take profit: 1.40944
Why we like it:
There is a pullback resistance level.
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USDCAD 1hr timeframeThis pair has a bullish potential, the overall trend is bullish on the 4 hr timeframe. After the two big green candles it has done a retest and finally touched our zone of interest. All we need now is a confirmation of green clandles pattern to enter the trade. I think it will mostly continue to the upside our target for this pair is 1.417 with an R/R of 1:4.
Good luck everyone!
USDCAD: Retesting the support zoneWelcome back! Let me know your thoughts in the comments!
** USDCAD Analysis !
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support! Welcome back! Let me know your thoughts in the comments!
COT Data at Extremes: A Short Setup in the Making?OT Report Insights: Preparing for a Short
The upcoming COT report will be pivotal.
If large speculators show signs of taking profits, I’m planning a short entry next week.
Here’s why:
Positioning at Extremes: Despite speculators adding longs for 10+ consecutive weeks, we’re now hovering around the 52-week high in contracts.
Such extreme levels often signal potential for a reversal or significant market moves.
Timing Is Everything: It’s not about jumping in immediately but waiting for the right moment and the ideal setup.
The plan is straightforward: analyze the next COT report, confirm if speculators are scaling back, and act decisively when the conditions align.
Are You Trading the Right Zones?Understanding key areas like demand zones, liquidity grabs, and volume profile levels is crucial for consistent success in trading.
Here's how I approach them:
1️⃣ Liquidity Grabs: I wait for the market to grab liquidity from obvious levels. Why? It’s often a signal of institutional players stepping in.
2️⃣ Demand and Supply Zones: These zones are where price historically reverses. Identifying them helps me anticipate high-probability setups.
3️⃣ Volume Profile Insights: Volume tells a story! Zones with strong volume usually act as magnets, drawing price back for a reaction.
🔑 Pro Tip: Patience is key. Wait for confirmation at these levels instead of rushing into a trade.
💬 Let me know—what tools do you use to identify your trade zones?
USDCAD ANALYIS AND MARKET PRICE PREDICTION Based on PRORARP, USDCAD is on the rejection zone, it may fall to the expected mitigated order block to break a market structure and confirm an order.
it will the buy a little to the premium price zone for perfect entry. then it will drop down to the renegotiation zone for a renegotiation and reorder.
stop loss , take profit, renegotiation and reorder zone clearly drawn, marked out and stated on the chat. Good Luck!
USD/CAD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USD-CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.379 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USD/CAD pair.
✅LIKE AND COMMENT MY IDEAS✅
USDCAD - Can Confluence Of Support Hold?20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Dear Friends:
If you find my analysis helpful, please boost and follow me for future analysis at your service.
How I see it:
If support holds, we could witness a strong extension of the bull trend...
The 4HR 200SMA is rising, monitor price (re-)action closely.
I deeply appreciate you taking the time to study my analysis and point of view.
Keynote!
The most important to consider always, before you leap:
When you jump in the river, make sure you swim "WITH" the current.
usdcadAccording to the strategy I used, usdcad fulfilled all the rules and I set the SL to be 20pips and the TP to be 30 pips.
Potential bullish bounce off pullback support?The Loonie (USD/CAD) is currently reacting off the pivot and could rise to the 50% Fibonacci resistance.
Pivot: 1.4012
1st Support: 1.3951
1st Resistance: 1.4093
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
The Next Big USD/CAD Move—Are You Positioned for Wave 5?Key Structure Levels:
Current Price Zone: 1.4699
Major Resistance Levels:
2.17757 (1.236 Extension - Volume Divergence by Wave 5): Key target for Wave 5 progression.
2.55985 (1.618 Extension - Diagonal Wave 5): Long-term supercycle target.
1.61850 (Inducement Wave 3): Potential reversal or short-term target.
Major Support Levels:
1.20068 (Swing Low - Wave 2): Key bullish invalidation zone.
0.90370 (Wave 1 Low): Historical accumulation zone and invalidation point.
Wyckoff & Elliott Wave Analysis:
Wave Structure:
Wave 1: Formed after accumulation, setting the bullish trend foundation.
Wave 2: Retraced shallowly to 0.61–0.75 Fibonacci levels (bullish validation).
Wave 3: Strong breakout above 1.61850, reaching inducement levels with buy-side liquidity targets cleared.
Wave 4: A shallow corrective structure (dealing range between 1.200–1.61850).
Wave 5 (Projection):
TP1: 2.17757 (1.236 Fibonacci)
TP2: 2.55985 (1.618 Fibonacci)
Invalidation Point: If price breaks below Wave 1 at 0.90370, bullish thesis fails.
Buy-Side Liquidity Sweep:
1.61850: Likely area of stop-loss and limit order placements for liquidity collection before Wave 5 continues upward.
Trading Plan:
Entry Strategy:
Look for pullbacks near 1.20068–1.61850 to build long positions.
Confirmation of Wave 3 continuation with a strong close above 1.61850 validates entries targeting higher resistance.
Take Profit (TP) Levels:
TP1: 2.17757 (1.236 Extension).
TP2: 2.55985 (1.618 Extension).
Stop-Loss Placement:
SL1: Below 1.20068 (Wave 2 Low) for conservative setups.
SL2: Below 0.90370 (Wave 1 Low) for higher timeframe setups.
Key Keywords for Presentation:
USD/CAD Elliott Wave Analysis
Wyckoff Accumulation to Supercycle
Wave 5 Target at 2.55
USD/CAD Trading Plan: TP, SL, Entry Strategy
12M USD/CAD Forecast
Commentary:
Bullish Bias: Long-term bullish cycle supported by Elliott Wave and Wyckoff principles. Expect price to clear liquidity zones as it targets higher Fibonacci extensions.
Bearish Risk: A breach below Wave 1 Low (0.90370) invalidates the current bullish cycle and could signal deeper correction or trend reversal.
Instant Sell USDCADLooking at continuous SELL direction and PL near the entry.
Targeting the PL as TP for a quick sell trade.
USD/CAD INSANE 22 Year Cup & Handle about to explode higherWith this week's announcement of 25% duties on MX & CA one would do well to survey the markets for opportunities. What better way to push through a trade of this nature than the FX markets?!
The first thing to check in any FX trade is rate differentials:
CA 10Y: 3.22%
US 10Y: 4.27%
MX 10Y: 9.99%
The carry trade dictates we want to be long the currency with a higher yield, and our suspicion given tariffs tend to strengthen the country levying tariffs means we want to be long USD.
MX offers a much higher yield so that would offset the potential in taking a short position on USD/MXN. CA on the other hand has a modest 1% discount to the US 10Y bond. Moreover, rates in the US look fairly steady, and pressure from the tariffs could cause CA to cut in support of its economy.
A technical inspection of USD/CAD shows a staggering 22 year cup and handle formation on the pair. Now could be the right time to accumulate a leveraged FX position, as this trade could have years ahead of it with the advent of a 4 year Trump term.
USDCAD Elliott Wave AnalysisHello friends,
We are witnessing a 5-wave impulse pattern in the USDCAD currency pair.
Waves 1 to 4 have been completed.
Wave 3 has 5 complete subwaves.
Wave 5 also has 4 complete subwaves and wave 5 of 5 has started to complete.
So, according to the above theory, we can enter a buy position with a stop loss of 1.39300.
The profit limit can also be considered 1.4200, which is also the density of Fibonacci levels.
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Limit Buy USDCADWe Are clearly still Long also we have some space until reaching the "Discount" Zone where I aim shorting howver until then The Trend Is Your Friend
I have micro tuned and managed the Setup to have the optimal RR while still maintaining logical and valid positioning.
Important is that my TP is not yet engraved in Stone meaning I have to react to how the market evolves until entry gets triggered but until then we will definatly be Break Even
Check my latest Trades to see results ;)
Happy Profits
