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Canadian Dollar / U.S. Dollar

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CAD/USD 15-Minute Analysis: Head & Shoulders BreakoutCAD/USD 15-Minute Analysis: Head & Shoulders Breakout On the 15-minute time frame, CAD/USD has formed a Head and Shoulders pattern, and the price has broken below the neckline trendline, signaling potential bearish momentum. Here's my idea: Entry:AT 0.4146$ Target: The next significant support level, marked in the green zone. This pattern suggests further downside, but as always, manage your risk carefully and monitor price action as we approach the target zone. Let me know your thoughts and share your analysis below! 👍
Short
by WaveRiders2
USD/CAD 4hr Timeframe AnalysisUSD/CAD 4hr Timeframe Analysis Trend Analysis: In the 4H timeframe, USD/CAD is in a strong uptrend, creating higher highs and lows. The price has broken through two minor key resistance levels, demonstrating its bullish momentum. Key Observations: The price has retested the previous resistance level, which has now become a minor support zone. After retesting, the price moved up again, creating a new high and starting to accumulate buy orders above the highest key resistance level at 1.41600. The price has now entered the manipulation stage, where it is likely to attract more buyers and create a liquidity zone. Price Action Expectation: Our objective is to wait for the price to return to the key resistance level and break out again. We expect the price to continue its upward momentum and reach new highs. Trade Setup: Buy Stop Entry: 1.41660 (above the highest key resistance level) Stop Loss: 1.41320 (below the liquidity zone) Take Profit: 1.42680 (next minor key resistance) Fundamental Analysis The broader market sentiment remains on balance after the US CPI inflation figures matched market expectations on Wednesday. The US Consumer Price Index (CPI) rose to 2.7% year-over-year in November from 2.6% in October, meeting market expectations. The headline CPI reported a 0.3% reading MoM, in line with the market consensus. Meanwhile, the core CPI, excluding volatile food and energy prices, climbed 3.3% YoY, while the core CPI increased 0.3% MoM in November, as expected.
Long
by RebornFXTrader
4
USD/CAD "The Loonie" Forex Market Heist Plan on Bullish SideHola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist USD/CAD "The Loonie" Forex Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry should be in pullback. Stop Loss 🛑 : Recent Swing Low using 2H timeframe Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. 💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Long
by Thief_Trader
USD/CAD Exchange Rate at a 56-Month HighUSD/CAD Exchange Rate at a 56-Month High As evidenced by the USD/CAD chart, yesterday the rate climbed above 1.4190 – a level not seen since April 2023, when the world was gripped by panic over the spread of the coronavirus. Today, the weakness of the Canadian dollar relative to the USD is being influenced by a rich fundamental backdrop. As reported by the media: → Formerly elected President Donald Trump has previously stated that he would impose a 25% tariff on all goods from Mexico and Canada as soon as he takes office on 20 January, joking that Canada should become the 51st state. Yesterday, Trump posted on social media that he looks forward to meeting with Canadian Prime Minister Trudeau again to "continue our in-depth discussions on tariffs and trade." → At 17:45 GMT+3 today, the Bank of Canada will announce its decision. It is expected to cut its interest rate by 50 basis points to 3.25% and likely signal that further rate cuts are possible in light of the sharp rise in unemployment levels. → At 16:30 GMT+3 today, the Consumer Price Index (CPI) data will be released. It is expected that US inflation will remain unchanged. As a result, heightened volatility is highly likely today, which could significantly affect the nature of the current upward trend. Note that on 25–26 November, a spike in volatility was observed on the USD/CAD chart, visible through the ATR indicator, which caused the channel's slope to become less steep. Today’s batch of news carries the highest significance: traders should prepare for both the scenario of a new 56-month high being reached and an attempt by bears to reverse the trend. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
1-hr USD/CAD: The Bulls Are In Control After the announcement of Trump’s proposed tariffs on Canada, USD/CAD surged by 200 pips within hours. Following this sharp increase, the pair experienced a correction, which drew additional buyers, reinforcing the clear and strong upward momentum. Currently, a Multiple Top pattern is forming near 1.4180, a pattern historically associated with breakout opportunities. However, short-term pullbacks remain likely, particularly given the ongoing market volatility. Traders looking to align with the broader uptrend in USD/CAD may consider waiting for such a pullback to secure a more favorable risk-reward ratio. Immediate support around 1.4130 stands out as a potential entry point, especially since it coincides with the 23% Fibonacci retracement.
Long
by Trendsharks
USDCAD DOUBLE TOP PATTERNUSD/CAD Analysis: Double Top and Rising Wedge Patterns Detected The USD/CAD pair is experiencing a bearish reversal, with two distinct patterns emerging: Key Indicators: - Double Top Pattern: A clear double top formation has been identified, indicating a potential reversal in the upward trend. - Rising Wedge Pattern: A rising wedge pattern has also been detected, suggesting a bearish breakout may occur. Key Levels: - Resistance: 1.45102 - Support: 1.39000 - Target: 1.38000 - Stop Loss: 1.42641 Recommendation: Caution is advised, as a bearish breakout may occur. Consider short-term sell positions or hedging strategies to mitigate potential losses. Best Wishes Tom 😎
by Tom_Trades_670
4
USDCAD scalp short on exhaustion reversal As always, we like to keep it clean and simple, with technicals and analysis that's easy to see and understand. Let's get into it: 1. Wave 5 exhaustion on mult timeframes 2. Overbought 30m/1h/1D 3. Shooting star candle printed on 1h Analysts note that USDCAD is trading within a rising channel since late September, recently peaking at 1.4178. The bullish momentum suggests potential for further gains, but short-term corrections (ie. why we're scalping) are common as traders take profits and reassess positions. Market Sentiment and Data Releases: With key U.S. and Canadian employment data released recently, markets may experience volatility as traders digest the information. This can often lead to short-term corrections as the market adjusts to new economic indicators. Be Alert. Trade Green.
Short
by JC7USA
Does the Canadian dollar have a bullish surprise up its sleeve?This is the question I am asking myself as we head into 2025. CAD has been the weakest major for some time now based on the BOC's easing cycle, and we saw a record level of net-short exposure against it in August, and another surge of shorts in November. This strikes me as a stale trade that is vulnerable to a shakeout, and it might not require a particularly large catalyst for CAD bears to capitulate and send USD/CAD lower. MS
Short
by CityIndex
USDCAD - 4hrs ( Buy Trade After Retest Tp Range 180 PIP )Pair Name :USD/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ Key Technical / Direction ( Long After Retest ) ——————————— Bullish Retest 1.41100 Area reasons - Major Turn level - Visible Range Hvn - Pattern Retest - CHoch zone - Fibo Golden Bearish Reversal 1.43000 Area Reasons - Major Turn level - Visible Range Hvn - pattern Target - Visible range Hvn - Fibo Golden Zone
Long
by GoldenEngine
1
Pullback hunt on USDCADAs it looks now, USDCAD should have a decent pullback towards 1,40400. My plan is to wait for 15M structure break, then monitor the retest on the lower TF(15M, 5M, 1M) and if this retest will hold(CHOC, BOS on lower TF) I will enter to the trade. Do not set SELL STOP orders at the entry line and don´t sell higher(because of better price). Wait till entry conditions are met. I will update this trade, so you will get the message. TP your trade partially. When price moves in your favour, set SL to BE, but give it some space to "breath". Wish you good luck. P.S. I´m not a signal service, do not sell anything. If you want to buy something, please contact one of the signalist who will comment this idea. If you want to learn and discuss, you know what to do. Invest your time to learning instead of buying signal on a some kind of premium channel.
Short
by Rendon1
1