Session Snapshot
- Current Price: 1.39144
- 24h Change: +0.32%
- SSO State: Markup (bullish pennant forming)
- Volume Context: Moderate (London Session)
- News Catalyst: Bullish pennant after strong upward move; higher lows consolidation
Fundamental Drivers
USDCAD in markup phase with bullish pennant pattern (consolidation after strong rally). Technical rating "strong buy." CAD weakness tied to oil price volatility and BOC policy uncertainty. USD strength (even at DXY 99.13) supporting pair. Traders reference 1.3780 zone as key support-turned-resistance, with 1.3750 acting as short-term demand. Mixed sentiment—some see downtrend pullback, others see bullish continuation. Pennant suggests directional breakout imminent.
News Risk Assessment
- Event Risk: Low (no major CAD or USD events today)
- Impact: Pattern resolution expected; breakout or breakdown soon
- Action: Wait for pennant break confirmation; avoid premature entries
Supply/Demand Zones
Demand Zones
| Zone | Range | Status | Strength |
|---|---|---|---|
| D1 | 1.3750-1.3780 | Fresh | Strong |
| D2 | 1.3680-1.3710 | Fresh | Strong |
| D3 | 1.3650-1.3675 | Tested | Moderate |
Supply Zones
| Zone | Range | Status | Strength |
|---|---|---|---|
| S1 | 1.3950-1.3975 | Fresh | Moderate |
| S2 | 1.4000-1.4025 | Fresh | Strong |
| S3 | 1.4075-1.4100 | Fresh | Moderate |
Support/Resistance Matrix
| Level | Type | Price | Strength | Distance |
|---|---|---|---|---|
| R3 | Psychological | 1.4000 | Strong | +0.6% |
| R2 | Extension | 1.3950 | Moderate | +0.3% |
| R1 | Pennant Resistance | 1.3930 | Moderate | +0.1% |
| Current | - | 1.3914 | - | - |
| S1 | Pennant Support | 1.3880 | Moderate | -0.2% |
| S2 | Demand Zone | 1.3780 | Strong | -1.0% |
| S3 | Base Support | 1.3680 | Strong | -1.7% |
Liquidity Hunt Map
- Buy-Stop Clusters: Above 1.3950 and 1.4000 (round number magnet)
- Sell-Stop Clusters: Below 1.3780 and 1.3680 (demand zones)
- Recent Sweeps: None; consolidating in pennant
- Next Target: Upside breakout to 1.3950-1.4000 OR downside to 1.3780
Fear Factor Meter
FEAR [🟢🟢🟢🟢🟢🟢🟢⚪⚪⚪] GREED
▲
Score: 7/10 — Risk On
Inputs: Technical=Strong Buy, Bullish pennant pattern, Higher lows forming
Directional Bias
- Bias: Long
- Confidence: High
- Rationale: Bullish pennant after strong upward move with higher lows consolidation. Technical "strong buy" rating. Favor upside breakout to 1.3950-1.4000 supply zones. Break below 1.3880 invalidates.
Action Zones
| Setup | Entry | Trigger | TP1 | TP2 | SL |
|-------|-------|---------|-----|-----|----||
| 🟢 Long | 1.3880-1.3910 | Pennant support hold | 1.3950 | 1.4000 | 1.3860 |
| 🟢 Long | 1.3930-1.3950 | Breakout confirmation | 1.3975 | 1.4025 | 1.3905 |
| 🔴 Short | 1.3780-1.3810 | Pennant breakdown | 1.3680 | 1.3650 | 1.3830 |
Momentum View
"Bullish pennant forming after strong markup. Higher lows suggest continuation bias. IF breaks above 1.3930, expect momentum chase to 1.4000 psychological level. Break below 1.3880 opens 1.3780 demand hunt. London Session: BUY pennant support OR breakout."
When momentum aligns, we move.