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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

USDCAD massive breakout on Friday? - superswingI´m expecting massive breakout of this pair on Friday due to US (and CAD) NFP. If you decide to trade this pair, you can enter now at current market price 1,38218 or wait for premium-rejection zone at 1,39300-600. Personally I will use the 1. option and average higher if market let me. Use logical size to trade this idea. Every red line is a rejection zone, so TP your trade partially at these line. Do not try to reach the final target with full size. You can consider to trail your profit by moving the SL continuously down when red line is reached. Wish you good luck.
Short
by Rendon1
USDCAD swing longsFrom fundamental analysis on CAD futures derived from "barchart.com". Currently as of writing (Monday 30th April 2025), we can see the CAD futures price increasing from this day but the Open Interest has been decreasing steadily so we can anticipate a reversal soon for the futures price (to flip bearish), which means bullish PA for USDCAD (this could also give you a slight insight/confirmation to DXY’s potential price). Technicals outlined in chart using price action.
Long
by anthonyogbuah
USDCAD LONG FORECAST Q2 W18 D30 Y25 USDCAD LONG FORECAST Q2 W18 D30 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Intraday bullish breaks of structure ✅Tokyo ranges to be filled ✅Daily low rejection ✅1' order block identified 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Long
by JCFRGNT
USDCAD | Technical Rebound or Final Stop Before the Crash?USDCAD is currently in a highly delicate phase: the price has reached a key weekly demand zone between 1.3720–1.3820, which overlaps with a strong Fibonacci retracement cluster (0.705–0.78) of the previous bullish leg. So far, the reaction has been muted, but price compression and fading volatility suggest a potential short-term rebound. However, looking at the bigger picture, the macro and positioning signals are flashing red for the US dollar: 📊 COT Report: Non-Commercials are significantly increasing short positions on USD and reducing shorts on CAD → bearish bias on USDCAD 🧠 Retail sentiment: Most retail traders are long on USDCAD → contrarian bearish bias 🗓️ Seasonality: May is historically negative for the USD and positive for the CAD → further confirms the short thesis Only a structural recovery above 1.4150 on the weekly close would invalidate the bearish setup. Until then, any retracement towards 1.3980–1.4050 should be seen as an opportunity to sell strength. 🎯 Key Levels: Sell zone: 1.3980–1.4050 Invalidation: Weekly close > 1.4150 Targets: 1.3720 – 1.3550 🔔 Critical note: When everyone is long, often the only direction left is down.
Short
by EdgeTradingJourney
1
Bullish bounce?USD/CAD is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.3896 Why we like it: There is an overlap support level that lines up with the 50% Fibonacci retracement. Stop loss: 1.3842 Why we like it: There is a pullback support level that lines up with thee 61.8% Fibonacci retracement. Take profit: 1.4061 Why we like it: There is a pullback resistance level that lines up with the 61.8% 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
USD/CAD Recovery Faces First TestPrice marked an outside-weekly reversal off key support last week with USD/CAD rallying more than 1.9% off the lows. The advance is now testing initial resistance hurdles at 1.3962/97 - a region defined by the 52-week moving average, the 2022 swing high, and the 23.6% retracement of the yearly range. The immediate focus is on a reaction off this mark with key resistance eyed just higher at the 38.2% retracement near 1.4150 . Note that the March channel line converges on this threshold over the next few weeks and a breach / close above would be needed to suggest a more significant low as registered last week / a larger trend reversal is underway. Subsequent resistance objectives seen at the high-week close (HWC) at 1.4292 and the 2025 yearly open at 1.4383 . Initial weekly support rests at the 1.39 -hande with key support unchanged at 1.3729/95 - a region defined by the 38.2% retracement of the 2021 advance and the 61.8% retracement of the late-2023 advance. A break / weekly close below this pivot zone would threaten another bout of accelerated declines with initial support objectives seen at 1.618% extension of the February decline / 78.6% retracement at 1.3504/23 . Bottom line: USD/CAD has responded to confluent uptrend support with the recovery now testing initial resistance- risk for possible price inflection here. From a trading standpoint, losses should be limited to the 1.39-handle IF price is heading higher on this stretch with a close above this pivo zone needed to fuel the next leg of the advance. Watch the weekly closes for guidance here. -MB
by FOREXcom
Positive US-China trade talks maintain upward momentum for USD🔔🔔🔔 USD/CAD news: ➡️ USD/CAD is on track for a fifth consecutive daily gain, hovering around 1.3970 during Tuesday’s European session. However, the pair faced some resistance as the U.S. dollar pulled back ahead of the highly anticipated U.S. Consumer Price Index (CPI) report for April, which is scheduled to be released later in the North American session. Personal opinion: ➡️ Despite a slight decline in the U.S. dollar, the USD/CAD pair remains supported by positive developments in the U.S.-China trade negotiations. ➡️ This breakthrough has boosted market sentiment and is viewed as a positive sign for global trade stability. As a result, it is expected to support the U.S. dollar, allowing the USD/CAD pair to continue its upward trend. ➡️ Analysis based on important resistance - support and Fibonacci levels combined with EMA to come up with a suitable strategy FM's personal plan: 🔆Price Zone Setup: 👉Buy USD/CAD 1.3970- 1.3980 ❌SL: 1.3940 | ✅TP: 1.4040 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
USDCAD BUY TRADE PLAN🔥 USD/CAD TRADE PLAN 🔥
 📅 Date: May 12, 2025
 📋 TRADE PLAN OVERVIEW: Item Value Type Swing Trade Direction Buy Confidence ⭐⭐⭐⭐✨ (88%) Risk:Reward 3.7:1 Status Waiting for retrace trigger Guidance Fresh D1-H4 bullish breakout of consolidation range. Ideal setup: pullback into OB + FVG at 1.3930–1.3950 for long continuation. 📈 MARKET BIAS & TRADE TYPE: Section Details Bias Bullish 📈 Trade Type Breakout-Pullback Entry 🔰 CONFIDENCE LEVEL: ⭐⭐⭐⭐✨ – 88%
Confluence Factors: * D1 Breakout from Double-Bottom Base: 25% * H4 Strong Bullish Structure + Volume: 20% * FVG & Demand Block Below Current Price: 18% * USD Strength (macro tailwinds): 10% * Crude Oil Pressure → CAD Weakness: 10% * No bearish divergences on RSI/MACD: 5% 📍 ENTRY ZONES: Zone Type Price Range Justification 🟩 Primary Buy Zone 1.3930–1.3950 H1-H4 demand zone (OB + FVG overlap) 🟨 Secondary Zone 1.3900–1.3915 Deeper pullback; 61.8% retrace + prior HL ❗ STOP LOSS 📍 SL = 1.3890 * Below secondary OB and structural invalidation * 1.5x ATR (H1) protection buffer 🎯 TAKE PROFITS TP Target Details TP1 1.4030 Intraday liquidity high + minor resistance TP2 1.4085 H4 clean swing top level TP3 1.4150 March confluence resistance (D1 FVG gap close) 📏 RISK:REWARD * TP1: ~2.0:1 * TP2: ~3.7:1 * TP3: ~5.2:1
✅ Excellent multi-tier scaling potential 🧠 MANAGEMENT STRATEGY * Risk: 0.75%–1.0% depending on confirmation * Move SL to BE after TP1 hit * 50% close @ TP1, 30% @ TP2, 20% trailing toward TP3 * Full exit if H1 closes below 1.3890 ⚠️ CONFIRMATION CRITERIA ✅ Wait for: * Rejection wick / bullish engulfing from 1.3930–1.3950 * No entry if price consolidates sideways or rallies without retest * Optional add-on: M15 demand confirmation (LTF liquidity sweep + flip) ⏳ VALIDITY Trade Scope Duration Expiry Condition Swing 48–96 hrs Invalid if price closes below 1.3890 ❌ INVALIDATION * Breakdown below 1.3890 (structure breach) * DXY sharp reversal or risk-off fading * CAD strength return via oil or BoC commentary 🌐 FUNDAMENTAL CONTEXT Macro Driver Status USD Strength Intact – Fed tone + inflation firm CAD Weakness Oil soft, BoC neutral Risk Sentiment Mildly risk-on (neutral to bullish bias) Cross Support USDCAD, USDJPY, USDCHF all bullish 📊 Sentiment Score: +8.1 / 10 📋 FINAL TRADE SUMMARY USDCAD has executed a clean structural breakout on H4/D1, signaling trend transition. With macro USD support and weakening CAD fundamentals, a pullback into demand at 1.3930–1.3950 will offer an elite continuation long with tight structure and high reward-to-risk.
Long
by jibkhan111