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Canadian Dollar / U.S. Dollar

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CADUSD trade ideas

USDCAD Could move 1,064pips up the next month.The reasons why I strongly believe this move will happen are the following: According to the CFTC non-commercials are shorting CAD. Non-commercials have 20,388 positions long and 68,914 positions shorts. This means that they are selling more CAD than they actually buying it. According to this info we could expect a move to the upside. From a monthly perspective there is plenty of buy side liquidity in USDCAD. If you look at the chart you will see two blue circles and a dollar bill between them . Those highs have not been liquidated yet. The price is aggressively chasing those highs. According to the explanation provided the price is extremely bullish because is moving to a strong liquidity area. From monthly perspective the price already liquidates sell side liquidity. If look at the chart you will see a yellow circle . The yellow circle represents the sell side liquidity that was liquidated by the price. The price has bullish structure. The price is making higher highs will doing so liquidating sell side liquidity. There is a lot of optimists about the dollar getting stronger in the near future. DXY has bullish structure. The DXY is currently making a retracement. It is currently at 50%. We could assume that is very close to be ready because it took sell side liquidity as well. In other words, the CAD is getting weaker and the USD stronger.
Long
by Wiiso
2
USDCAD BEARISH MOMENTUM The price has been in an uptrend since September, making higher highs and higher lows. A sharp rejection from the recent high indicates potential bearish pressure. The price is currently hovering near a support leveL , The chart also indicates a possible head and shoulders reversal pattern. If the price breaks below the (support), it may continue down towards the 1.38542 level. If the price bounces from the support zone, a temporary bullish retracement could occur before further downside.
Short
by MIRZA_TRADS
1
USDCAD Wave Analysis – 6 February 2025 - USDCAD reversed from the support zone - Likely to rise to resistance level 1.4400 USDCAD currency pair recently reversed from the support zone between the pivotal support level 1.4290, which has stopped the previous corrections A, C , as can be seen below and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlestick reversal pattern Doji, which stands near the 50% Fibonacci correction of the previous upward impulse from November. Given the clear daily uptrend, USDCAD currency pair can be expected to rise to the next resistance level 1.4400.
Long
by FxProGlobal
Trump proposes Canada to become the 51st stateOn February 1 , Donald Trump signed an executive order imposing 25% tariffs on imports from Mexico and Canada, along with 10% tariffs on Chinese goods. In response, Canada announced retaliatory tariffs of 25% on $155 billion worth of U.S. goods, with an initial phase of $30 billion taking effect on February 4. Mexico also implemented counter-tariffs. Trump reaffirmed his intention to impose tariffs on European imports but did not specify the details. On February 2 , Trump stated that if Canada wants to avoid tariffs and taxes, it should become the 51st state of the United States. He argued that the U.S. should not be subsidizing Canada with hundreds of billions of dollars, as the country does not rely on Canadian resources. According to Trump, the U.S. has “unlimited energy resources,” sufficient timber supplies, and a growing domestic automobile industry. He added that without U.S. subsidies, Canada would struggle to remain economically viable, whereas joining the U.S. would provide lower taxes, better military protection, and exemption from tariffs. On February 3 , during the European session, the following market trends were observed: U.S. stock futures declined by 1.5–2.5%. The U.S. Dollar Index rose 1%, reaching 109.50. EUR/USD opened with a major bearish gap, dropping to 1.0210, losing over 1%. GBP/USD fell below 1.2250 due to dollar strength. In Australia, December retail sales fell by 0.1%, which was better than expected but failed to support the AUD. As a result, AUD/USD dropped 1.2%, falling below 0.6100. USD/CAD surged significantly to 1.4792, the highest level since 2003. USD/MXN hit 21.2882, marking a three-year high. After reaching a record $2,800 on Friday, gold corrected lower on Monday, trading below $2,775.
by Fresh-Forexcast2004
USD/CAD Exchange Rate StabilisesUSD/CAD Exchange Rate Stabilises As we reported on 3 February, the decision by the US president to impose 25% tariffs on goods imported from Canada sent the USD/CAD rate soaring to a 22-year high. However, after a round of negotiations between Donald Trump and Justin Trudeau, the tariff implementation was postponed by a month, which was reflected in the USD/CAD exchange rate chart. Current USD/CAD Chart Analysis: → The price has retreated from the upper boundary of the ascending channel identified three days ago and has now dropped below its lower boundary. → The price has returned to and remains within the broad 1.4270 – 1.4460 range. → The ATR indicator has reversed from its peak and is trending downward. Given these factors, it is reasonable to say that USD/CAD is stabilising after recent volatility. But what lies ahead? The exchange rate may fluctuate within the 1.4270 – 1.4460 range, reacting sensitively to any news on Trump’s tariff policies and his startling suggestion of making Canada the 51st US state. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. 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
2
USD/CAD H1 | Approaching pullback resistanceUSD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.4396 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 1.4512 which is a level that sits above a swing-high resistance. Take profit is at 1.4260 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
USDCAD Range Trading: Key Support and Resistance LevelsUSDCAD Range Trading: Key Support and Resistance Levels In the daily chart, USDCAD is developing a large range trading pattern, where the price has been oscillating within this range for the past 50 days. The current support zone has been tested multiple times, leading to subsequent upward movements. Despite recent price weakness, it is possible that the support zone may prompt a price reaction once again. Watch for potential reversal signs that indicate a change in the current trend. Key Resistance Zones: 1.4345 1.4395 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. This helps me cover the cost of providing regular insights.
Long
by KlejdiCuni
6
Potential bullish bounce?The Loonie (USD/CAD) has bounced off the pivot which has been identified as pullback support and could rise to the 1st resistance. Pivot: 1.4295 1st Support: 1.4176 1st Resistance: .4405 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.
Long
by ICmarkets