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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

USDCAD I Weekly CLS I Model 1 I Targe 50% CLSYo Market Warriors ⚔️ Fresh outlook drop — if you’ve been riding with me, you already know: 🎯My system is 100% mechanical. No emotions. No trend lines. No subjective guessing. Just precision, structure, and sniper entries. 🧠 What’s CLS? It’s the real smart money. The invisible hand behind $7T/day — banks, algos, central players. 📍Model 1: HTF bias based on the daily and weekly candles closes,
Wait for CLS candle to be created and manipulated. Switch to correct LTF and spot CIOD. Enter and target 50% of the CLS candle. 
For high probability include Dealing Ranges, Weekly Profiles and CLS Timing.

Trading is like a sport. If you consistently practice you can learn it. “Adapt what is useful. Reject whats useless and add whats is specifically yours.” David Perk aka Dave FX Hunter 💬 Don't hesitate to ask any questions or share your opinions
Short
by David_Perk
47
USD/CAD) Down Trand Read The captionSMC trading point update Technical analysis of USD/CAD (U.S. Dollar / Canadian Dollar) on the 1-hour timeframe, with a focus on a potential double-top formation at strong resistance, followed by a drop toward support: --- Analysis Overview Trend Structure: Downward-sloping channel with lower highs and lower lows. Confluence Area: The current rally is approaching both the upper channel boundary and a significant horizontal resistance zone (~1.3660–1.3700). --- Key Technical Elements 1. Resistance & Double-Top Setup The price nears the resistance zone (yellow) where it previously reversed (noted by red arrows). A cap-and-float pattern (double/top-like structure) is projected: price pushes higher, hesitates, tests resistance again, then fails—a sign of weakening bullish momentum. 2. EMA 200 Interaction The 1-hour EMA 200 (blue line at ~1.3635) sits just below current price. A failure to sustain above this level reinforces the bearish case. 3. RSI Overextension RSI (14) is around 64–69, indicating near-overbought conditions on this timeframe, suggesting a potential pullback. 4. Price Targets Initial target: Lower channel boundary near 1.3556 (highlighted support). Extended target: Beneath to 1.3540, aligning with the broader Demand zone. --- Proposed Trade Setup Step Action Level Entry Short near top of resistance/channel (after double-top confirmation) 1.3680–1.3700 Stop-Loss Above recent high and channel resistance ~1.3720 Take Profit 1 Near EMA 200/lower channel bounce ~1.3556 Take Profit 2 Extended move to demand zone ~1.3540 Estimated Move ~1.15% drop from midday highs – --- Risk & Event Factors Scheduled Canadian or U.S. data releases (icons shown) could introduce volatility and disrupt technical patterns. A breakout above ~1.3720 would invalidate this bearish thesis and shift bias bullish. Mr SMC Trading point --- Summary Expecting a cap-and-float double-top formation at key resistance near 1.3660–1.3700, followed by a trend continuation drop toward 1.3556–1.3540. The bearish setup is supported by a down-channel structure, EMA 200 failure, and overbought RSI conditions. Please support boost 🚀 this analysis)
Short
by SMC-Trading-Point
27
USDCAD I Weekly CLS I Model 1 I KL - OB I Target CLS LowYo Market Warriors ⚔️ BIG SHORT — if you’ve been riding with me, you already know: 🎯My system is 100% mechanical. No emotions. No trend lines. No subjective guessing. Just precision, structure, and sniper entries. 🧠 What’s CLS? It’s the real smart money. The invisible hand behind $7T/day — banks, algos, central players. 📍Model 1: HTF bias based on the daily and weekly candles closes,
Wait for CLS candle to be created and manipulated. Switch to correct LTF and spot CIOD. Enter and target 50% of the CLS candle. 
For high probability include Dealing Ranges, Weekly Profiles and CLS Timing.

Trading is like a sport. If you consistently practice you can learn it. “Adapt what is useful. Reject whats useless and add whats is specifically yours.” David Perk aka Dave FX Hunter 💬 Don't hesitate to ask any questions or share your opinions
Short
by David_Perk
10
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 MARKET OUTLOOK📊 USDCAD Institutional Market Outlook 🔷 Monthly & Weekly Structure – Bearish Bias A Monthly Fair Value Gap (FVG) was formed after a breakaway gap, closing all prior bullish FVGs. This signals strong bearish intent from institutions, with a likely draw toward the next key liquidity level at 1.34210. Similarly, a Weekly FVG, also formed from a breakaway imbalance, is currently acting as an unmitigated supply zone. Historically, FVGs formed from breakaway moves are not revisited until the market completes its delivery to a main liquidity pool — in this case, the 1.34210 level. Price is now consolidating below this weekly FVG, reinforcing a continuation bias rather than reversal. 🔹 Daily Structure – Short-Term Countertrend Rally A bullish Daily FVG has recently formed, suggesting a possible short-term countertrend rally. However, due to the breakaway nature of the weekly FVG, price is unlikely to reach back up to 1.3760 before continuing its bearish path. A probable scenario: price may react from daily demand zones, push into a short-term premium area, then resume its decline toward 1.34210. 🌐 Fundamental Confluence 🟥 CAD Weakness: U.S. tariff policy is placing heavy pressure on the Canadian economy, especially in autos, steel, and oil sectors. Recent SECO reports and tariff-related projections expect a long-term GDP drag of ~2.1%. Although oil prices have slightly rebounded, it's not enough to counterbalance the trade and policy headwinds. 🟩 USD Strength: The U.S. dollar remains supported by global safe haven flows and a resilient macro backdrop. No significant shift in Fed policy tone has emerged, and the USD continues to benefit from relative strength across multiple pairs. | Timeframe | Bias | Reason | | ------------ | ------------------------ | ------------------------------------------------------------------------- | | Monthly | Bearish | Breakaway FVG + closed bullish zones → draw toward 1.34210 | | Weekly | Bearish | Consolidation below breakaway supply zone | | Daily | Short-term bullish | Countertrend move expected into local premium, likely to fail near 1.3760 | | Fundamentals | Bearish CAD, Bullish USD | Tariff risks + economic divergence
by akilaastc
6
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
US Dollar Strengthens Following Trump’s Tariff DecisionUS Dollar Strengthens Following Trump’s Tariff Decision US President Donald Trump has announced his decision to impose new tariffs: → For Canada, tariffs are set at 35%. They are scheduled to take effect on 1 August, although negotiations may take place before this date, potentially influencing Trump’s final stance. → For many other countries, tariffs may be set at 15% or 20%; → For the European Union, the exact tariff levels have not yet been disclosed. Overall, Trump’s latest comments have added to the uncertainty surrounding the specific tariffs to be applied to each country. The financial markets reacted as follows: → The US dollar strengthened against other currencies (including the Canadian dollar); → Equity markets saw a modest decline. Technical Analysis of the USD/CAD Chart As soon as the announcement of a 35% tariff on Canadian imports to the US was made public, the USD/CAD rate spiked sharply (as indicated by the arrow), reaching levels last seen at the end of June. In the hours that followed, the pair stabilised. Taking a broader view, the chart appears to show a triangular formation, which consists of: → A descending resistance line (R); → A key support level (S) around 1.3570. From this perspective, it is worth noting that the bulls’ attempt to break above the resistance line amid the 35% tariff news did not succeed, indicating strong selling pressure. At the same time, the price action of USD/CAD in early July allows us to identify a local support level (marked by the blue line). This suggests that, for now, the pair is consolidating within a formation bounded by the blue support line and resistance line R. However, how long this consolidation will last, and which direction the breakout will take, will most likely depend on the next round of news regarding US–Canada trade negotiations. 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
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
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
Potential bearish drop?The Loonie (USD/CAD) has rejected off the pivot, which has been identified as an overlap resistance and could drop to the 61.8% Fibonacci support. Pivot: 1.3688 1st Support: 1.3599 1st Resistance: 1.3743 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
4
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
SDCAD 4H – Compression at Resistance📉📈 USDCAD 4H – Compression at Resistance | Breakout or Rejection? Price is consolidating near a major supply zone inside a wedge structure. We're at a key decision point: a clean breakout above 1.3750 = bullish continuation; a rejection and break of minor trendline support = bearish drop back to demand. 🧠 TCB Strategy in play: waiting for breakout confirmation or reversal candle. Long above 1.3750 → Target 1.3840 Short below 1.3660 → Target 1.3560 🎯 High RRR in both directions.
by J1000PIPSfx