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Canadian Dollar / U.S. Dollar

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CADUSD trade ideas

Bearish reversal off overlap resistance?The Loonie (USD/CAD) has rejected off the pivot which has been identified as an overlap resistance and could drop to the 1st support which acts as a pullback support. Pivot: 1.3704 1st Support: 1.3645 1st Resistance: 1.3741 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
Bearish reversal?USD/CAD is reacting off the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 1.3695 Why we like it: There is a pullback resistance. Stop loss: 1.3734 Why we like it: There is a pullback resistance level that aligns with the 78.6% Fibonacci projection. Take profit: 1.3639 Why we like it: There is a pullback support that is slightly above 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.
Short
by VantageMarkets
USD/CAD carving out a bottom?The USD/CAD is poking its head above a bearish trend line that has been in place since mid-May, in one of the first signs that suggests we may have seen a low in the Loonie. As well as the trend line, the 21-day exponential is also now below price, further suggesting that the tide is turning. Key levels Support levels off this daily chart are seen around 1.3695 then 1.3617 Resistance seen around 1.3750 next, followed by the next round handles like 1.38, 1.39 etc. By Fawad Razaqzada, market analyst with FOREX.com
Long
by FOREXcom
USDCAD: Bearish Continuation & Short Signal USDCAD - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short USDCAD Entry Point - 1.3688 Stop Loss - 1.3717 Take Profit - 1.3634 Our Risk - 1% Start protection of your profits from lower levels Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️ Please, support our work with like & comment! ❤️
Short
by UnitedSignals
1
Bearish Reversal Zone Approaching🔹 Pair: USDCAD 🔹 Timeframe: H4 🔹 Price: 1.36806 🔹 Bias: Short/SELL Setup Pending --- 💡 Analysis Summary: USDCAD is approaching a major resistance zone aligned with the 61.8% Fibonacci retracement level from the previous bearish leg. Structure shows a clear ABC corrective pattern with signs of exhaustion at current levels. --- 📌 Key Levels to Watch: 🔺 Resistance: 1.3720–1.3740 (Potential Reversal Zone) 🔻 Target Zone: 1.3450–1.3500 🔓 Invalidation Above: 1.3760 --- 📉 Plan: Watch for bearish confirmation (e.g., bearish engulfing, double top, divergence) at resistance before entry. High RR setup expected if price rejects near 1.3740. --- 🔁 Wait. Confirm. Execute. 🧠 Trade smart, not fast. 📊 More updates coming daily.
Short
by Greenfireforex
USDCAD oversold rally The USDCAD currency pair remains in a bearish technical structure, consistent with the prevailing downtrend. Recent price action suggests sideways consolidation, indicating indecision as the pair pauses before its next directional move. Key Technical Levels: Resistance: 1.3700 – Key pivot zone; previously acted as intraday resistance. 1.3740 – Minor resistance. 1.3790 – Stronger resistance zone and potential reversal point. Support: 1.3566 – Initial downside target on renewed selling pressure. 1.3544 – Intermediate support. 1.3520 – Long-term support and potential demand zone. Scenario Analysis: Bearish Case (Favored): Price is consolidating below the key 1.3700 level. A failure to break above this resistance could trigger a renewed move lower. A bearish rejection from this level may open the path toward 1.3566, then 1.3544 and 1.3520 over a longer timeframe. Bullish Case (Alternative): A confirmed breakout and daily close above 1.3700 would invalidate the current bearish setup. This could shift sentiment to bullish and trigger a move toward the next resistance zones at 1.3740 and 1.3790. Conclusion: The technical bias for USDCAD remains bearish while price trades below the 1.3700 resistance zone. Traders should watch for a rejection from this level to confirm further downside potential. However, a sustained break above 1.3700 would neutralize the bearish setup and suggest scope for a short-term bullish reversal. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
USDCAD Holds Rebound Above 1.36In parallel with the DXY’s rebound from the 96-level, USDCAD has bounced from its 1.35 support zone, coming off oversold conditions last seen in 2021. The pair is also respecting a breakout from the 2025 contracting downtrend pattern. Key upside levels for the ongoing correction are 1.3830, 1.3860, and 1.40 — aligning with a significant support/resistance zone established in October 2022. However, if 1.36 and 1.3520 are breached to the downside, the bearish trend could resume, with downside levels at 1.34 and 1.32 in focus. - Written by Razan Hilal, CMT
by FOREXcom
A Return to 1:1?As spending heats up considerably with the 5 Trillion USD bill, in my opinion it looks like CAD is set to skyrocket vs the USD once again. The main driving factors include greater industrialization (worlds biggest nuclear plant, more gold/platinum production than the USA, bigger oil reserves than USA), comparatively less spending, less tariffs, expanding to other countries via exports, and the most untapped resources/land with lowest population of any developed nation in the world. Personally, for the next 10 years I'll be heavily focusing on Canadian companies if the CAD breaks the trend line
Long
by PoorMemory
1
Bullish rise?USD/CAD has bounced off the support level which is a pullback support and could potentially rise from this level to our take profit. Entry: 1.3660 Why we like it: There is a a pullback support. Stop loss: 1.3618 Why we like it: There is a pullback support. Take profit: 1.3780 Why we like it: There is a pullback resistance. 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
The importance of trendlines in FOREXIn the world of currencies or FOREX, there are certain entry points that only happen a few times a year , but they’re incredibly powerful . These opportunities come after a trend breaks, a trend that has been touched and confirmed as a support or resistance zone over several years. Right now, with OANDA:USDCAD , we’re seeing a break and pullback to one of these long-term trends. That makes this a great moment to go short on this pair. Let me share a couple of examples with USDBRL and USDMXN. In both cases, after similar long-term trends were broken, the price moved strongly in one direction, these are the kinds of moves that can really grow your account. There are other pairs showing similar breakouts. Have you spotted them? If not, leave a comment and I’ll share the other pairs with you!
Short
by TopChartPatterns
9
USDCAD obeying Elliott Wave Principles.Our D1 chart is a continuation of a wave that started earlier and had a Flat correction for its Wave 2(Red), hence a Zigzag should be expected for our Wave 4(Red). When Wave 3(Red) completes, an aggressive selling move is triggered this is our Wave A(Black). A correction of this move occurs in the form of a Flat and this is now our Wave B(Black) of the major Zigzag correction that started when Wave 3(Red) completed. When Wave B(Black) is done, we should expect a Wave C(Black) to complete the Zigzag. Our Wave C(Black) unfolds in a 5 wave move and this is very normal. This 5 wave move is marked in Green. When Wave 1(Green) completes, our Wave 2(Green) unfolds in a Flat correction, meaning our Wave 4(Green) should be a Zigzag correction. After Wave 2(Green) completes, Wave 3(Green) is a strong downward move that reaches the 261.8% Fib. level. On reaching this level, we see a retest and a confirmation occurring. This is is to signal the end of Wave 3(Green) and the start of Wave 4(Green). As mentioned earlier, we should expect a Zigzag correction for Wave (Green) and we can see a shallow pullback and retest. The pullback is our first wave of the three wave Zigzag and is marked as Wave A(Blue). The retest as noted, does not go beyond Wave 3(Green) and this confirms it is a Zigzag. This retest is marked as Wave B(Blue). Next would be a Wave C(Blue) to complete Wave 4(Green). A retest and confirmation gives us an entry for the Wave C(Blue) which is also Wave 4(Green).
Long
by machariavictor017
USDCAD My Opinion! SELL! My dear friends, Please, find my technical outlook for USDCAD below: The price is coiling around a solid key level - 1.3669 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.3621 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous 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. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1