USDCAD trade ideas
spookey timesToday CAD broke a multi year support. One more major pivot below holding up all time lows. A lot of open field to play in between those lines. A loss of the bottom floor would be... spookey times in the north.
usdcad lomgusd/cad still in a bullish channel.
flag pattern
trump wants to revive oil production to have cheap energy, which is not good for the cad
target at 1.4675 after breakout or top of the channel
Test of all time highs USD/CAD -> 1.6- This has broken significant resistance of 1.46; This would create a havoc and fuel the run to test 1.6.
- Let's see how upcoming few months goes!
- Canadian parliament is suspended, elections will happen end of 2025. This implies USD can cause massive damage to canadian economy for next 3-6 months.
USDCAD currency pair trend after US imposes 25% tariff on CanadaNews:
🔆The Canadian dollar weakens as Donald Trump imposes 25% tariffs on Canada on February 1
🔆 Monetary policy : The Bank of Canada (BoC) has cut its benchmark interest rate to 3.00% by January 2025, following previous cuts. This rate cut could weaken the CAD, while the US Federal Reserve (Fed) is also in an easing cycle.
🔆 Oil prices : Canada is a major oil exporter, so oil price movements have a significant impact on the CAD. Oil prices have recently risen on expectations of higher demand from China, which could support the CAD.
Technical analysis:
🔆 Long-term trend : USD/CAD continues its strong uptrend, especially after breaking out of its previous short-term trading range.
🔆 Support and Resistance : If the uptrend continues, the next resistance level could be in the 1.4900–1.5000 range. Conversely, if there is a downside correction, the key support level to watch is 1.4280.
Future Outlook:
CAD is expected to strengthen in 2025 as lower interest rates stimulate economic growth and increase investor risk appetite. However, this outlook depends on the recovery of the global economy and demand for commodities, especially oil. Additionally, Canada is also considering a delicate tariff policy approach with the US to limit CAD weakness against the USD
Conclusion:
The USD/CAD pair is currently in a strong uptrend, supported by technical and fundamental factors. However, traders should be cautious and closely monitor economic developments, monetary policies and oil price fluctuations to make sound trading decisions.
USDCAD Opens 1.5% UpThe market opens 1.5% up on Trump tariff over the weekend.
Let's see how price action moves throughout the day.
USDCAD SELL ANALYSIS RISING WEDGE PATTERN Here on Usdcad price form a rising wedge pattern and now try to fall so if 1.43509 break price is likely to continue falling and a trader should go for short with expect profit target of 1.38771 . Use money management
new value area high to start Mondaynew value area high to start Monday
my personal opinion is development towards resolution likely near,
but still need wait catalyst
upon resolution news published, a short may be entered due to this exhaustive move from this last momentum wave
EURO may be a better bet for more conservative entries
information created and published doesn't constitute investment advice!
NOT financial advice
USDCAD: Bias Toward Buys Despite IndecisionUSDCAD is showing a lot of indecision, but probabilities slightly favor the long side over shorts. There are two potential setups for the week ahead—let’s see which (if either) plays out.
USDCAD Bullish Flag Breakout and Uptrend PotentialUSDCAD is currently trading at 1.45200, showing a bullish outlook. The expected target price is 1.48590, indicating a potential gain of 300+ pips. A bullish flag pattern has already broken out, confirming strong upward momentum. This breakout suggests that buyers are in control and may push the price higher. The price action aligns with technical analysis, supporting a continued uptrend. Traders anticipate further bullish movement toward the target. Proper risk management is essential to navigate any pullbacks. Monitoring key resistance levels and market conditions is crucial. A sustained rally above the breakout zone can strengthen bullish confidence. Patience and discipline will be key in managing this trade effectively.
swing idea. big pips!!! possible 1000pipsThis Analysis Can Change At Anytime Without Notice And It Is Only For educational Purpose to Traders To Make Independent Investments Decisions.
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USDCAD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
USDCAD Is Very Bullish! Long!
Here is our detailed technical review for USDCAD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.438.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.450 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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USD/CAD Daily AnalysisPrice has been moving in a steady uptrend since the last quarter of 2024 with the big number 1.4600 next in sight.
However, an observation to note is that that the MACD has recently made a lower high, contradicting what is happening with price. We call this divergence and it's a sign that in this case buyers may be losing their grip of the market.
We could see either a short term or longer term sell off, but while price remains above the swing low of 1.42612, it would be advisable to remain patient and wait for a sell setup below this key price point.
The Loonie's Fate: Can CAD Hold Against USD?The Canadian dollar (CAD) has been losing ground against the U.S. dollar (USD) for years, and this chart suggests that weakness could continue. Since 2015, every time CAD has tried to strengthen, it has failed to break below 1.20, showing a long-term downward trend.
USD/CAD at 1.47: A Critical Turning Point
Right now, the exchange rate is sitting at 1.4527, just below a key resistance level (1.47). Historically, this level has acted as a ceiling where CAD has struggled to hold its value.
Two Possible Outcomes:
1. If CAD Holds Below 1.47 → Potential for Stabilization
A rejection at 1.47 would mean CAD could regain some strength, at least in the short term.
This could happen if the Bank of Canada holds rates steady while the U.S. Federal Reserve signals rate cuts. If USD weakens, CAD could stabilize around 1.39 or lower.
2. If USD/CAD Breaks Above 1.47 → CAD Could Sink Further
A breakout above 1.47 would mean further CAD weakness, and we could see 1.60 or even 1.80 in the long run. This would be bad news for Canadian consumers, as inflation would likely surge.
The Bank of Canada might be forced to act aggressively, keeping interest rates high for longer to stabilize the loonie.
The Big Picture: Could We See 1.80?
The chart suggests that if USD/CAD breaks out above 1.47, the next long-term move could reach 1.80, which would mean an additional 21% devaluation of CAD against USD.
What That Would Mean for Canadians:
More Expensive Imports: A weaker CAD means higher costs for goods priced in USD—electronics, vehicles, food, and even vacations in the U.S.
Higher Inflation Risk: Imported goods would become more expensive, keeping inflation high and making it harder for the Bank of Canada (BoC) to cut rates.
Potential Rate Hikes: If CAD weakens too much, the BoC may need to raise interest rates again to stabilize the currency, which could keep borrowing costs high.
What Canadians Should Watch
Oil Prices: Canada is a commodity-based economy, and higher oil prices typically strengthen CAD (since Canada is a major oil exporter). If oil prices rise, CAD could get some strength back, slowing the decline.
Bank of Canada vs. U.S. Federal Reserve Policy: If the Bank of Canada keeps rates high while the U.S. Federal Reserve cuts rates, CAD could strengthen. But if the BoC cuts rates too early, CAD could fall further.
Global Market Sentiment: In a risk-off environment, investors flock to USD for safety, weakening CAD. If risk appetite returns, CAD could stabilize.
What Canadians Can Do to Prepare
If USD/CAD Breaks 1.47 and Moves Higher:
Hedge Against a Weak CAD: Consider holding some USD-denominated assets (U.S. stocks, USD savings).
Lock in Loan Rates Now: A weakening CAD could keep rates high longer—fixed-rate mortgages may offer stability.
Invest in Inflation-Protected Assets: If CAD weakens, commodities, energy stocks, and foreign investments could help hedge against inflation.
Buy USD for Future U.S. Expenses: If you travel to the U.S. frequently, it might make sense to buy USD now before CAD weakens further.
If USD/CAD Gets Rejected at 1.47 and CAD Recovers:
Monitor U.S. Rate Cuts: If the Fed cuts rates, USD may weaken, giving CAD a chance to rebound.
Be Ready for Short-Term Relief, But Plan for Long-Term Weakness: Even if CAD strengthens in the short term, the long-term trend still suggests CAD is vulnerable.
Final Thoughts: The Loonie’s Fate Rests on 1.47
Right now, CAD is at a make-or-break level.
If 1.47 holds, CAD may see short-term strength. If 1.47 breaks, CAD could face a significant decline, making life more expensive for Canadians.
With inflation, interest rates, and oil prices all playing a role, this is a crucial time to pay attention to macroeconomic trends, as the next move in USD/CAD will impact Canadians' cost of living, mortgages, and investments.
Disclaimer: This is not financial advice. This analysis is for informational and educational purposes only. Always do your own research before making investment decisions.
Short time on USDCADNot sure what happened, but the price made a strong drop; there was no news released.
Price fell below my EMA and made a new low. I'm looking for a retest to continue the move down.
USDCAD STRONG BULLISH TRENDUSDCAD is in a strong bullish trend . a buy opportunity is in place after a pullback down .
Good LUck
Still Long on UCADThis morning, high-impact news on USD had pretty much no significant changes.
Yesterday UCAD made a new high, pushing up almost 180 pips after failing to push and forming a triple bottom.
I'm still bullish!!!
USDCADUS President Donald Trump says he plans to follow through on his threat to impose 25-percent tariffs on Canada and Mexico, spurring fears of a trade war.
USDCAD: Short Signal with Entry/SL/TP
USDCAD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell USDCAD
Entry Level - 1.4478
Sl - 1.4520
Tp - 1.4400
Our Risk - 1%
Start protection of your profits from lower levels
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USDCAD SELL ANALYSIS SMART MONEY CONCEPT Here on Usdcad price has made uptrend and now try to fall were by forming a supply around level of 1.44379 and is likely to continue falling so trader should go for short with expect profit target of 1.39885 and 1.35214 . Use money management
check the trendIf the price can consolidate above the green support range, the upward trend will likely continue. Otherwise, the corrective and volatile trend will likely continue.
