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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

Bullish bounce?USD/CAD is reacting off the support level which is a pullback support and a bounce off this level could indicate a double bottom pattern which might lead to a potential price rise to our take profit. Entry: 1.3691 Why we like it: There is a pullback support level. Stop loss: 1.3634 Why we like it: There is a support level at the 127.22% Fibonacci extension. Take profit: 1.3818 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
USDCAD MARKET ANALYSIS AND PRICE PREDICTIONUSDCAD , has retested the rejection and order zone. Price has already grabbed the Sell Side liquidity and upward movement is mostly certain. An institutional Buy order is going to push the price up. The first target is the breaker block at the renegotiation trend line at 1.37837, and the second target is the renegotiation resistance at 1.38595 to clear off the Buy side liquidity. Entry is now. Entry, take profits and stop loss are clearly stated on the chats. GOOD LUCK GUYS! DIDCLAIMER This analysis might fail due to market uncertainties. Take full responsibility of your capital and manage your own risk!
Long
by Akpambang
5
USD/CAD Market ObservationThe USD/CAD exchange rate extended its decline, hitting an intraday low of 1.3673 and a new year-to-date low. The US Dollar Index weakened across the board under multiple bearish factors, while the Canadian Dollar remained strong supported by robust economic data. USD/CAD has fully broken below a key support zone, accelerating its downward trend after breaching the 1.3800 level. Current market sentiment is clearly bearish on the US Dollar. Uncertainties surrounding tariff policies and the strengthening expectation of Federal Reserve rate cuts have left the US Dollar lacking upward momentum. Meanwhile, strong Canadian economic data and expectations that the Bank of Canada will maintain a hawkish stance have provided solid support for the Canadian Dollar. Traders generally believe that with the obvious divergence in fundamentals, USD/CAD still has further downside potential. 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. Trading Strategy: sell@1.3750-1.3800 TP:1.3550-1.3600
Short
by Ashbur
USD/CAD SENDS CLEAR BEARISH SIGNALS|SHORT Hello, Friends! We are going short on the USD/CAD with the target of 1.375 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. 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✅
Short
by EliteTradingSignals
1
USD/CAD H1 | Overlap resistance at 38.2% Fibonacci retracementUSD/CAD is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.3756 which is an overlap resistance that aligns close to the 38.2% Fibonacci retracement. Stop loss is at 1.3807 which is a level that sits above the 61.8% Fibonacci retracement and an overlap resistance. Take profit is at 1.3689 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
Cautious Bulls Meet Trendline Test: USD/CAD Eyes FOMC CatalystCMCMARKETS:USDCAD OANDA:USDCAD USD/CAD extended its recovery for the third day, trading near 1.3833 on modest USD strength following upbeat U.S. data. However, fiscal worries and expectations of Fed rate cuts in 2025 may limit upside momentum. Traders are cautious ahead of the FOMC Minutes and U.S. PCE/GDP data, while firmer Canadian inflation and oil prices could support the CAD. Technically, the pair remains within a broad downward channel and is now approaching key resistance at 1.3856, aligned with the descending trendline. A clear rejection here could spark a bearish continuation toward 1.3711 support. A breakout above 1.3937 would invalidate the bearish channel and suggest trend reversal. Resistance : 1.3856 , 1.3937 Support : 1.3711 , 1.3809
by ATFX_Global
Falling towards overlap support?The Loonie (USD/CAD) is falling towards the pivot, which has been identified as an overlap support and could bounce to the 1st resistance, which is a pullback resistance. Pivot: 1.3602 1st Support: 1.3420 1st Resistance: 1.3843 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
1
USDCAD weekly analysis: Jun 1, 2025 – Jun 7, 2025Most important news and situations are for this pair. 1st, BOC rate decision week! 2nd, Iran-US negotiations that could make a real difference to oil markets. 3rd, The relatively strong long-term bullish trendline. ******************************************************************* The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones. Some of these points can also be confirmed by the mathematical intervals of Murray. You can enter with/without confirmation. IF you want to take confirmation you can use LTF analysis, Spike move confirmation, Trend Strength confirmation and ETC. SL could be placed below the zone or regarding the LTF swings. TP is the next zone or the nearest moving S&R, which are median and borders of the drawn channels. ******************************************************************* Role of different zones: GREEN: Just long trades allowed on them. RED: Just Short trades allowed on them. BLUE: both long and short trades allowed on them. WHITE: No trades allowed on them! just use them as TP points
Long
by AliSignals
A Different Way To Use the RSI To Trade Deceleration Patterns A deceleration pattern is a pattern that forms at the end of a directional move as it starts to lose steam. 2 good ones to learn are the rising/falling wedge & channel. The problem wit these patterns however, is that it can sometimes be difficult to tell when that final reversal may come backing it hard to place stops. Lately, and by that I mean for the past year or so, I've been tracking a very specific pattern on the RSI (Relative Strength Index) indicator to help me with these situations. Please LIKE & SHARE and if you have any questions or comments, leave them below Akil
Long
by Akil_Stokes
4
USD/CAD downhill from here?C$1.3945 was made short work of in April and retested as resistance in May, following a fourth consecutive month in the red. Technically speaking, the scope to explore deeper water is evident on the monthly scale until C$1.3534, followed by another layer of support from C$1.3242. In view of this, as well as the lack of bullish intent evident from trendline support on the daily chart last week, extended from the low of C$1.2007, a breakout lower here could trigger further downside towards a daily support area between C$1.3550 and C$1.3601. Written by FP Markets Chief Market Analyst Aaron Hill
Short
by FPMarkets
2
USDCAD Makes Retest At 200 EMA After Bull Trap BreakoutOANDA:USDCAD here on the 1Hr Chart has printed an Ascending Channel and Bears have made a Breakout! Price currently looks to be on its way to retesting the Breakout of the Channel with the 200 EMA and Upper Bollinger Bands sitting at the Rising Support adding some heavy Bearish Pressure. Fundamentally, BOC will be releasing GDP m/m ( Gross Domestic Product ) numbers tomorrow morning at 0730 AM CST with analysts forecasting a .3% Increase at .1% with Previous being -0.2%.
Short
by Novi_Fibonacci
4
USDCAD: Bearish After the News 🇺🇸🇨🇦 USDCAD looks bearish after a release of today's fundamental news. A bearish breakout of a rising channel on a 4h time frame and a strong selling reaction after its retest provide a reliable bearish continuation. I think that the price may drop to 1.3743 support. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by VasilyTrader
2