Get started

Canadian Dollar / U.S. Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

CADUSD trade ideas

Bearish reversal off pullback resistance?The Loonie (USD/CAD) is rising towards the pivot and could drop to the 1st support whcih is a pullback support. Pivot: 1.3733 1st Support: 1.3650 1st Resistance: 1.3793 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.
Short
by ICmarkets
USDCAD 15 MINUTEYour chart on USD/CAD (15-minute timeframe) clearly shows a bearish breakdown from the ascending trendline, and here’s a quick analysis based on what you’ve marked: --- 📉 Technical Breakdown 🔻 Trendline Broken: Price has broken below the ascending trendline, indicating loss of bullish momentum. 🧱 Register Support (turned resistance): Price rejected after testing this area – confirms a bearish flip. 🧭 Support Zone (gray box): Price is currently testing this level. If it breaks below, continuation to TP is likely. 🎯 Target TP: Marked around 1.3625–1.3630, showing good confluence with prior swing lows. --- ✅ Bearish Bias Confirmation This looks like a textbook setup: Break of trendline ✅ Retest of broken support (now resistance) ✅
Short
by Alpha_Gold_Trader
Bearish drop?USD/CAD has bounced off the support level which is a pullback support that lines up with the 138.2% Fibonacci extension and could potentially rise from this level to our take profit. Entry: 1.645 Why we like it: There is a pullback support level that lines up with the 138.2% Fibonacci extension. Stop loss: 1.3624 Why we like it: There is a support level at the 100% Fibonacci projection. Take profit: 1.3689 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
USDCAD SHORT FORECAST Q2 W24 D10 Y25🔥👀USDCAD SHORT FORECAST Q2 W24 D10 Y25 TECHNICAL HOTPICK ! 💥💥 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. 💡Here are some trade confluences📝 ✅4H order block rejection ✅HTF 50 EMA ✅Intraday bearish breaks of structure to be identified ✅15’ order block identified 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
Trend Alert – USD/CAD Could Be Preparing for a Major Reversal!🚨 Trend Alert – USD/CAD Could Be Preparing for a Major Reversal! 🚨 Traders, be cautious! The USD/CAD pair appears to be approaching a critical turning point. The market has now reached significant monthly support levels, and we are currently hovering around a marked green zone — a region known for potential bullish reactions. For quite some time, the market has been in a strong bearish trend, consistently showing Breaks of Structure (BOS) to the downside. If you've been observing closely, you'll notice that the price action has been favoring sellers for weeks, if not months. However, the dynamics might be changing soon. There’s a large pool of liquidity building up above the current price levels. This creates the perfect condition for a strong bullish pump. The market could seize this opportunity to shift its direction and initiate a fresh uptrend. 💡 Key Insight: The current setup suggests that the bearish phase might be exhausted, and we could see the start of a bullish rally from this green support zone. 📉 Selling traders – proceed with caution! The risk of a sudden upside move is high, and holding onto short positions without proper risk management could be dangerous. 🧠 As always: Do Your Own Research (DYOR). 📛 This is not financial advice — just a heads-up from a market observer who’s keeping an eye on the charts!
Long
by Peter_Wade
UCAD Bulls Look for 3rd Test After Sept. '24 Highs TouchOANDA:USDCAD Bulls were able to find support at the Sept. 2024 Highs after having traveled down a Falling Support for the past 2 months! Now we see Bulls pushing price higher creating a Rising Support with 2 tests having been successful and currently coming down for a 3rd test! Now Price has already broken a Previous Level of Structure which was a Past Resistance on June 4th. This level also lands right at the 34 EMA and based on the Bollinger Bands, this test will also be a Mean Reversion where Price after having traveled in one direction will revert back to the mean of the Bollinger Bands for Continuation, which in this case will be Bullish! After the 2nd Test of the Rising Support, we can see a Massive amount of Volume enters. Price also is trading Above the 50 on the RSI and is currently coming down to test that level. I am looking for Price to test the 1.3683 area and if Price shows support for a 3rd Test, this will be a great opportunity for Long Positions! Fundamentally, USD will be bombarded heavy news being CPI numbers with analysts forecasting a .2% Increase in Inflation! Also PPI, Unemployment Claims and Prelim UoM Consumer Sentiment & Inflation Expectations.
Long
by Novi_Fibonacci
Bullish rise?USD/CAD is reacting off the resistance level which is a pullback resistance and could potentially rise from this level to our take profit. Entry: 1.3691 Why we like it: There is a pullback resistance level. Stop loss: 1.365 Why we like it: There is a pullback support level. Take profit: 1.3742 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
USD/CAD..30M chart bearish flag pattern.Looking at the chart I'm provided, here's a quick technical breakdown: --- 📉 Chart Analysis Pair: Likely USDCAD (based on visible digits and style). Pattern: Bearish rising channel has broken down. Breakdown Confirmed: Price has clearly broken below the lower channel support, with bearish continuation signs. Ichimoku Cloud: Price has moved below the Kumo (cloud), which confirms downside momentum. Red Arrows & Levels: You've drawn a zigzag-style projection with two target zones marked. --- 🎯 Identified Target Levels (approximate) Based on your chart's drawing and current price (1.3710): 1. Target 1: Around 1.3660 2. Target 2: Around 1.3620 These correspond to the two red horizontal lines marked "TARGET" in your chart. --- ✅ Summary Sell Bias Active Target 1: 1.3660 Target 2: 1.3620 Invalidation (Stop Loss suggestion): Above 1.3745–1.3755 zone (back inside channel or Kumo) Would you like a more precise projection using Fibonacci levels or a cleaned-up chart version with these targets plotted clearly?
Short
by RSI_Trading_point
9
USD/CAD) Down Trand analysis Read The captionSMC trading point update Technical analysis of USD/CAD (U.S. Dollar / Canadian Dollar) currency pair on the 2-hour timeframe, and it suggests a potential sell setup based on price action, key levels, and momentum indicators. --- Chart Summary Pair: USD/CAD Timeframe: 2H Current Price: 1.36432 EMA 200: 1.37436 Direction Bias: Bearish Volume: 6.92K Key Tool: EMA 200, RSI, Support/Resistance Zones --- Technical Breakdown 1. Resistance Zone / Supply Area (~1.3680 - 1.3700) The yellow box highlights a strong resistance zone. Marked by three red arrows, where price has repeatedly rejected. Indicates clear seller dominance in this area. 2. Break of Support Level Price broke below the yellow support area and is now trading below it. This signals a bearish breakout from a consolidation zone. 3. EMA 200 Trend Confirmation EMA 200 (blue line) is sloping down. Price is below the EMA, confirming bearish trend bias. Acts as dynamic resistance. 4. Bearish Flag/Channel Break A bearish flag or wedge pattern seems to have been broken downward. The measured move (blue vertical line) suggests the projected drop. --- Target Point Target Price: 1.34951 This is based on the measured move from the resistance zone. It aligns with the previous demand/support zone. --- RSI (Relative Strength Index) RSI (14) is 36.37, approaching the oversold zone. This shows strong bearish momentum, but it also means price may stall or bounce slightly before continuing downward. --- Trade Setup Idea Entry: After confirmation of breakout below 1.3640 Stop Loss: Above 1.3700 (resistance zone) Take Profit: 1.34951 Risk-to-Reward: ~1:2+ --- Risk Management & Caution If price moves back into the yellow zone or breaks above 1.3700, the setup is invalidated. Watch for high-impact news events (marked on the chart with U.S. flags) that may trigger volatility. Mr SMC Trading point --- Conclusion This is a well-structured bearish idea based on: Resistance rejections Break of support Downward EMA slope Bearish RSI reading It reflects strong downside potential toward 1.3495, offering a clean shorting opportunity for swing traders Please support boost 🚀 this analysis)
Short
by SMC-Trading-Point
1
USDCAD Trade Signal – BUY NOW Entry Point: 1.36780USDCAD Trade Signal – BUY NOW Entry Point: 1.36780 🎯 1st Target: 1.37000 🎯 Final Target: 1.37300 📈 Bullish momentum spotted on USDCAD 📊 Strong support at 1.3670 holding firm 🟢 Clean upside potential for short-term traders 🔍 Technicals show breakout confirmation 🧠 Risk Management is Crucial 📉 Recommended Stop-Loss: Below 1.36550 ⚖️ Risk only 1–2% of your capital 🛑 No overleveraging — protect your account 💼 Ideal setup for intraday/swing traders 🧭 Let the market come to you 📌 Set alerts, stay focused 🕒 Be patient, follow your plan 🔁 Don’t chase, execute with precision 📢 Trade smart, trade safe! 💬 Drop your thoughts or results below 👇
Long
by GoldTradersEdge
Will CAD bulls eventually fade away?During the North American session, the USD/CAD exchange rate continued its downward trend and is currently trading above 1.3600, approaching the support zone at 1.3600. If the exchange rate effectively holds the 1.3600 support zone, accompanied by RSI bottom divergence and MACD death cross repair signals, there may be a short-term technical rebound. The initial resistance above is still at 1.3700. If it can break through, it may open up space to 1.3800. Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
Long
by Ashbur
USD/CAD BULLS WILL DOMINATE THE MARKET|LONG Hello, Friends! Bullish trend on USD/CAD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 1.367. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Long
by EliteTradingSignals
1