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USDCAD trade ideas

USD/CAD - Channel Pattern (22.04.2025)The USD/CAD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 1.3771 2nd Support – 1.3745 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
14
USD/CAD Breakout Pattern (15.04.2025)The USD/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 1.4034 2nd Resistance – 1.4131 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Long
by KABHI_TA_TRADING
21
USDCAD Analysis Today: Technical and Order Flow Analysis !In this video I will be sharing my USDCAD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
by Transparent_Fx_Academy
1
USDCAD Selling not over yet.Last time we looked at the USDCAD pair (March 21, see chart below), we got the most optimal sell entry that easily hit our 1.4000 Target: As the price broke below its 1D MA200 (orange trend-line) having made a significant correction since the February 03 High, we believe there is more selling to be made at least on the short-term. That is because the Higher Lows Zone that started on the May 2021 market bottom, hasn't yet been tested and since December 2023, the market always broke inside it before rebounding. As a result, we expect a new rejection on the 1D MA200, delivering a 1.38200 Target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
USDCAD Will Go Lower From Resistance! Sell! Here is our detailed technical review for USDCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.384. The above observations make me that the market will inevitably achieve 1.378 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. 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 subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
USDCADHello Traders! What are your thoughts on USD/CAD? After its recent decline, USD/CAD has reached the bottom of the descending channel and a key support zone. This area may act as a strong support, and we expect a bullish reaction from here. We anticipate a bounce from this support zone, with the price potentially rising at least toward the specified target level. Will USD/CAD hold the support and rebound, or break lower? Share your thoughts below! Don’t forget to like and share your thoughts in the comments! ❤️
Long
by HAMED_AZ
27
BUY USDCAD for bearish trend reversal STOP LOSS : 1.37774 BUY USDCAD for bearish trend reversal STOP LOSS : 1.37774 Regular Bullish Divergence In case of Regular Bullish Divergence: * The Indicator shows Higher Lows * Actual Market Price shows Lower Lows We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart..... The daily time frame is showing strength of trend reversal from this strong level of Support so we are looking for the trend reversal and correction push from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Long
by BALE_FX
USD/CAD H4 | Potential bearish continuation?USD/CAD could rise towards a swing-high resistance and potentially reverse off this level to drop lower. Sell entry is at 1.3969 which is a swing-high resistance. Stop loss is at 1.4070 which is a level that sits above the 50.0% Fibonacci retracement and a pullback resistance. Take profit is at 1.3839 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 (tradu.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 (tradu.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 Global LLC (tradu.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by Tradu
USDCAD FORCAST BULLISH 100PIPSThe USDCAD pair could be poised for a 100-pip bullish move based on current technical and fundamental factors. Here’s the analysis: Key Reasons for a Bullish Outlook: Technical Setup: Support Holding: If USDCAD is bouncing off a key support level (e.g., 1.3500 or 1.3600), a rebound toward 1.3700-1.3750 (+100 pips) is possible. RSI/Oversold Bounce: If the RSI was near 30 (oversold), a reversal could trigger a short-term rally. Break of a Downtrend Line: A breakout above a descending trendline could signal bullish momentum. Fundamental Drivers: Stronger USD: If the Fed maintains a hawkish stance (delaying rate cuts), the USD could strengthen. Weaker CAD: If oil prices decline (CAD is oil-linked) or Canadian economic data disappoints, USDCAD could rise. Price Action & Key Levels: Entry Zone: 1.3600-1.3650 (if holding as support). Target: 1.3700-1.3750 (+100 pips). Stop Loss: Below 1.3550 (if support breaks). Trade Plan: Buy Zone: 1.3600-1.3650 Take Profit: 1.3700-1.3750 (+100 pips) Stop Loss: 1.3550 (50-pip risk) Risk-Reward Ratio: 1:2 (favorable). Caution:
Long
by LORDOFTHETRADERS
Could the Loonie reverse from here?USD/CAD is reacting off the support level which is an overlap support and could bounce from this level to our take profit. Entry: 1.3833 Why we like it: There is an overlap support level. Stop loss: 1.3616 Why we like it: There is an overlap support level that lines up with the 88% Fibonacci retracement. Take profit: 1.4098 Why we like it: There is an overlap 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
USDCAD - Bank of Canada keeps interest rates unchanged!The USDCAD pair is below the EMA200 and EMA50 on the 4-hour timeframe and is in its descending channel. The continuation of the downward movement of this pair will provide us with a buying position with a good risk-reward ratio. If the correction continues, we can sell within the specified supply zone. On Wednesday, oil prices climbed by approximately 1%, driven by renewed optimism in the markets regarding potential trade talks between the United States and China. However, lingering concerns about the trade war’s negative effects on global energy demand limited further gains in oil prices.Initially, oil prices declined, but market sentiment shifted after Bloomberg reported—citing an anonymous source—that China was seeking greater respect from the Trump administration before agreeing to new negotiations. The same source also stated that China had requested a new outreach from the U.S. to initiate the discussions. Giovanni Staunovo, an analyst at UBS, commented that easing trade tensions between the two nations could help reduce constraints on economic growth and energy demand, potentially exerting downward pressure on oil prices. Meanwhile, the International Energy Agency (IEA) reported that global oil demand is expected to rise by just 730,000 barrels per day this year—well below both its previous projections and those of OPEC. In a new report, the Fitch rating agency warned that the intensifying global trade war has significantly weakened the outlook for economic growth. According to the report, China’s economic growth will fall below 4% in both this year and the next, while the eurozone is projected to grow by less than 1%. Fitch further estimates that global economic growth in 2025 will fall below 2%, marking the weakest performance since 2009 (excluding the COVID-19 pandemic period). Despite the sharp decline in the U.S. growth outlook, Fitch expects the Federal Reserve to delay any interest rate cuts until Q4 of 2025. Conversely, deeper rate cuts are anticipated for the European Central Bank and emerging market economies. In the energy sector, Fitch lowered its short-term oil price forecast due to risks stemming from weaker demand and trade disruptions but left its natural gas price forecast unchanged. Additionally, the Bank of Canada maintained its policy rate at 2.75%. Highlights from the Bank’s monetary statement include: • Tariffs and logistical challenges are driving price increases. • New U.S. trade policies have heightened uncertainty, slowed growth, and sparked inflation fears. • The Bank supports economic growth with inflation control but urges caution due to elevated domestic risks. • Both upside risks (higher costs) and downside risks (weaker growth) to inflation are under close watch. • Beginning in April, the removal of carbon taxes and cheaper oil are expected to temporarily lower inflation for about a year. • The recent rise in inflation reflects renewed commodity price growth and the end of temporary sales tax relief. • Due to high uncertainty related to U.S. trade tariffs, the Bank is refraining from issuing an economic forecast. • The output gap in Q1 2025 was estimated between 0% and -1%. • Annualized GDP growth for the same quarter was 1.8%, down from the January forecast of 2%. • Two scenarios are under consideration: one involving tariff reduction via agreement, and another involving a prolonged global trade war. • In the first scenario, Canadian and global growth temporarily decline, inflation drops to 1.5%, and later returns to the 2% target. • In the second, the global economy slows sharply, inflation surges, and Canada enters a severe recession. Inflation surpasses 3% by mid-2026 before returning to the 2% target. • In both scenarios, the neutral interest rate is estimated to be around the midpoint of the 2.25%–3.25% range.
Long
by Ali_PSND
WEEKLY ANALYSIS FOR USD/CAD PAIR📊 WEEKLY ANALYSIS FOR USD/CAD PAIR 🔎 Technical Outlook by Shaker Trading ✅ Technical Reasons for the Bullish Outlook: Price Channel: The pair is moving inside a clear ascending price channel on the weekly timeframe, indicating a long-term bullish structure. Demand Zones: Strong weekly demand zone has appeared, showing signs of buying pressure and institutional interest. Indicator Confirmation: Both MACD and RSI show signs of bullish exhaustion, suggesting a possible rebound from current levels. 📌 Trading Idea: If the price holds above the demand zone and trendline, we may see a move back toward the green resistance area. 📈 Long-term bullish bias remains valid as long as price stays above the trendline. 🔥 Copy Trading for Free Join our free copy trading service and follow top strategies with zero fees.
Long
by ShakerTrading
USDCAD – 1H Bullish Divergence DetectedUSDCAD – 1H Bullish Divergence Detected 🟢 ✅ Setup Summary: Timeframe: 1 Hour Signal: Bullish Divergence Bias: Short-Term Bullish Reversal Context: Price made a lower low, but RSI or MACD made a higher low, signaling weakening bearish momentum. 🔍 Confluences to Watch: Support Zone: Price reacting from a minor demand area or previous support Structure Shift Potential: Breaking minor 1H resistance could lead to short-term upside Volume or Candlestick Signal: Look for bullish engulfing, hammer, or Heikin Ashi flip 📈 Trade Plan – Long Bias Entry Idea: On confirmation candle (bullish close) Or above micro-resistance/high that confirms shift in structure Stop-Loss: Just below the recent low where divergence formed Take-Profit Targets: TP1: Local resistance or 1H swing high TP2: Fib 0.618 retracement of the last bearish leg Aim for 1:1.5 to 1:2 R:R ⚠️ Key Notes: Watch for CAD news (oil-sensitive) and USD volatility If price makes a new low without divergence, reassess Can use trendline break or moving average cross as extra confirmation
Long
by MAAwan
Potential bullish rise?USD/CAD has reacted off the resistance level which is an overlap resistance and could rise from this level to our take profit. Entry: 1.3844 Why we like it: There is an overlap resistance level. Stop loss: 1.3781 Why we like it: There is a pullback support level. Take profit: 1.4029 Why we like it: There is a pullback resistance level that lines up 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... 1D CHART PATTERN🧠 Trade Overview Pair: USD/CAD Action: Buy Entry: 1.3867 Target: 1.4100 Pips to target: +233 pips 📊 Quick Thoughts: Trend Check: Is the broader trend bullish right now? If USD is gaining strength (e.g., DXY rallying) and oil is weakening (since CAD is correlated with oil), then this makes sense. Resistance Zone: 1.4100 has been a historically significant resistance level. Are you aiming just below the highs to avoid a full retest? Risk Management: Do you have a stop-loss in mind? Maybe below 1.3800 to protect against a fakeout? 📅 Fundamentals to Watch: US CPI, Fed Statements, or Jobs Data Canada Employment or BOC rate talk Oil prices (big impact on CAD)
Long
by Money_Magnet5