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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

USDCAD M15 I Bearish Drop Based on the M15 chart analysis, we can see that the price is approaching our sell entry at 1.4349, a swing high resistance. Our take profit will be at 1.4315, a pullback support that aligns to the 78.6% Fibo retracement. The stop loss will be placed at 1.4368, which is a swing-high resistance. 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 (fxcm.com/uk): 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 (fxcm.com/eu): 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 Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘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 FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
USD/CAD rallies for fourth day into resistanceUSD/CAD has continued higher for a fourth day, but I suspect this is part of a countertrend move around a larger move lower. Market positioning his extreme levels of record short exposure to CAD futures last year, and many of these bears refused to return despite USD/CAD continuing higher. The sharp reversal lower from 1.48 also suggests we have seen a significant top on the pair. I am now seeking evidence of a swing high around the 1.4386 HVN (high-volume node) and for momentum to realign with the sharp selloff witness at 1.48. Matt Simpson, Market Analyst at City Index and Forex.com
Short
by CityIndex
Bearish reversal off overlap resistance?USD/CAD is rising towards the resistance level which is an overlap resistance and could drop from this level to our take profit. Entry: 1.4406 Why we like it: There is an overlap resistance level. Stop loss: 1.4486 Why we like it: There is a pullback resistance level. Take profit: 1.4299 Why we like it: There is a pullback support 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.
Short
by VantageMarkets
1
USDCAD: Massive selling until the end of the year.USDCAD is neutral on its 1D technical outlook (RSI = 54.383, MACD = -0.003, ADX = 20.940) as it found support on the 1D MA100 and rebounded. We do believe howere that this bounce will be short lived as the pair hit the 9year resistance early this month and got heavily rejected. The first targets are the 1W MA50 and 1W MA100. We do expect it to hit the 0.786 Fibonacci (TP = 1.2600) by the end of the year as both prior highs on R1 aggressively declined to hit at least the 0.786 Fib. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
5
USDCAD INTRADAY Bullish above 1.4314The USDCAD currency pair intraday sentiment appears bullish, supported by the longer-term uptrend. The key trading level is at 1.4315. An overbought pullback from the current level and a bullish bounce back from the 1.4314 level could target additional upside resistance at 1.4368 followed by the 1.4400 and 1.4430 levels over the longer timeframe. Alternatively, a corrective pullback from the current levels and a confirmed loss of 1.4314 support and a daily close below that level would negate the bullish outlook opening the way for a further pullback and a retest of 1.4280 support followed by 1.4263 and 1.4212 levels. 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 BUYING SETUP !USDCAD is setting up for a potential buying opportunity as price holds above key support levels. Bullish momentum is building, indicating that buyers may take control soon. If price sustains above the support zone and shows confirmation signals like bullish candlestick patterns or trendline support, we could see an upward move toward the next resistance levels. Traders should wait for clear confirmations before entering and manage risk wisely. Stay alert for the next bullish move! 📈🔥 Technical Analysis by Ali Khan
Long
by Itsalikhaan
USDCAD MAJOR SUPPORT BREAKED USDCAD SELL ALERT USDCAD has broken a major support level! A strong sell opportunity is forming. Entry Level: 1.43050 (Confirmed breakdown of support) Resistance Level: 1.47902 (Key level to watch) Target 1: 1.41380 (First profit-taking level) Target 2: 1.39860 (Deeper downside potential) Indicator Confirmation: EMA50 on the 4H time frame signals a strong bearish trend. Why Sell? 1️⃣Major support has been broken, indicating further downside. 2️⃣Price action confirms sellers’ dominance. 3️⃣EMA50 aligns with the bearish move. ⚠ Risk Management: Use a stop-loss above the resistance to manage risk. Position size according to your risk appetite. Trade with caution & follow your strategy!
Short
by professionalman088
USDCAD H4 I Bearish DropBased on the H4 chart, the price is approaching our sell entry level at 1.4317, a pullback resistance that aligns with the 23.6% Fibonacci retracement. A rejection at this level could drive prices lower toward our take profit at 1.4241, an overlap support. The stop loss is set at 1.4398, a pullback resistance that aligns with the 38.2% Fibo retracement. 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 (fxcm.com/uk): 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 (fxcm.com/eu): 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 Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘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 FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM