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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

USDCAD BUYUSD/CAD returns below 1.3600, with YTD lows, at 1.3540 coming into view The US Dollar extends its decline for the fourth consecutive day, with the Canadian Dollar supported by a brighter market mood, as the trade deal between the US and Japan provided some certainty about the outlook of global trade and boosted hopes of more such deals. In the USD/CAD 2025 Forecast, FXStreet analyst Joshua Gibson suggests uncertainty and risk-off sentiment could strengthen the US Dollar (USD) early in 2025, while the Canadian Dollar (CAD) is expected to weaken in the first quarter. However, CAD investors may reassess prospects as the year progresses, focusing on the Federal Reserve (Fed) - Bank of Canada (BoC) policy dynamics. From a technical point of view, USD/CAD could face a technical ceiling near the 1.4400 level after the Canadian Dollar's sharp 8.5% decline in 2024 sent the pair to 56-month highs. However, technical indicators like the MACD suggest caution, as short positions may only become viable once clear sell signals emerge, likely during the first quarter. SUPPORT 1.361 SUPPORT 1.353 SUPPORT 1.361 RESISTANCE 1.357 RESISTANCE 1.355
Short
by Mark804
4
USDCAD 4H Bearish SetupThe USDCAD chart shows a clear bearish breakdown from the ascending channel. Price has broken below support near 1.3720, confirming a shift in structure. Key Analysis: Bearish Momentum: Break below the channel and current market structure signals downside pressure. Immediate Resistance: 1.3725–1.3745 zone (yellow area) where price previously rejected. Support Levels: 1.3639 / 1.3638: Short-term support — possible temporary bounce area. 1.3560: Main target — previous demand zone. Trade Idea: Sell below 1.3720 TP1: 1.3639 TP2: 1.3560 SL: Above 1.3750 (above resistance zone) Summary: Bias remains bearish as long as the price stays below 1.3725–1.3750 resistance zone. Confirmation of further downside expected on break below 1.3638. Let me know if you want this as a signal format or turned into an image.
Short
by DOCTOR_PIPS05
11
Price channel break. Will the downtrend take place?✏️USDCAD broke the price channel and started forming a bearish wave. The resistance zone of 1.370 played an important role in starting the bearish wave. 1.365 is the immediate support zone that the pair faces. If it wants to extend the decline, it needs to close the h1 candle below this price zone. The convergence between the trendline and the resistance of the Asian session will be a reliable support point for a downtrend to take place. 📉 Key Levels Support: 1.365-1.356 Resistance: 1.370 SELL Trigger: Rejects bellow 1.370 SELL DCA Trigger: Break support 1.365 Target 1.356 BUY Trigger: Break and trading above resistance 1.370 Leave your comments on the idea. I am happy to read your views.
Short
by VHT_Trader
11
Uptrend is coming. Opportunity for buyers✏️ OANDA:USDCAD is trading close to the upper boundary of the triangle pattern. There is a high possibility that the current bullish momentum will break the upper boundary and form an uptrend for the USDCAD pair. The important price zone for the sellers at the moment is 1.075. If the buyers are strong enough to push the price above 1.075, the sellers will only be really interested in the price zone of 1.340, the high of the pair in May. 📉 Key Levels Buy trigger: Reject and Trading above 1.365 BUY DCA Break 1.375 Target: 1.400 Leave your comments on the idea. I am happy to read your views.
Long
by VHT_Trader
4
USDCAD Buyers In Panic! SELL! My dear subscribers, This is my opinion on the USDCAD next move: The instrument tests an important psychological level 1.3704 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.3660 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
3
USD/CAD Unless oil rockets, then the pair has room to rise.From June till now, we’ve been in a range-bound market, with multiple failed attempts to break lower. But now we’re seeing higher lows forming, and price is bouncing off my fvp zone @ 1.36600 . So if the Fed stays patient and oil stays weak or sideways, USD/CAD bulls have the upper hand. I am expecting a bearish retest soon to develop @ Key Bullish FVP Zone: 1.36600, but if 1.3577 gets violated with strength, then scratch the long idea — it might be time for CAD bulls to party instead. Extreme Discount Zone: Just below at 1.36000, If the price dips into this area, it could be a liquidity hunt. But if not, then the bulls will have to come in and drive the market to the 1st Take Profit Target: 1.38400
Long
by que
1
USDCAD H4 I Bearish Reversal OffBased on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.3739, which is a pullback resistance. Our take profit will be at 1.3689, an overlap support level. The stop loss will be placed at 1.3775, the swing-high resistance level. 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. 66% 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. 66% 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
1
USDCAD Bearish continuation below 1.3670The USDCAD pair is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the falling resistance, suggesting a continuation breakdown within the downtrend. Key resistance is located at 1.3670, a prior consolidation zone. This level will be critical in determining the next directional move. A bearish rejection from 1.3670 could confirm the resumption of the downtrend, targeting the next support levels at 1.3570, followed by 1.3540 and 1.3500 over a longer timeframe. Conversely, a decisive breakout and daily close above 1.3670 would invalidate the current bearish setup, shifting sentiment to bullish and potentially triggering a move towards 1.3690, then 1.3720. Conclusion: The short-term outlook remains bearish unless the pair breaks and holds above 1.3670. Traders should watch for price action signals around this key level to confirm direction. A rejection favours fresh downside continuation, while a breakout signals a potential trend reversal or deeper correction. 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
2
USD/CAD - 6C1! : Trade update FundamentalThe US dollar index (DXY) gained strength against major currencies on Monday following a landmark trade agreement between the United States and the European Union. During the meeting in Scotland on Sunday, President Donald Trump and European Commission President Ursula von der Leyen announced a new trade framework, which includes a 15% import tariff on EU goods—half of the 30% rate Trump had initially threatened to impose starting August 1. The DXY opened higher at the start of the week, and it’s clear that most currencies are likely to see a decline in response. This trend also extends to pairs like the 6C1! (USDCAD), where the USD has been increasing its long positions. Last week, non-commercial traders added to their holdings, while commercial traders remain at their highest levels since 2021. Based on this setup, we are maintaining a bullish outlook and expect the continuation of our long position strategy. Previous Idea : ✅ Please share your thoughts about USD/CAD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
3
Heading into 50% Fibonacci resistance?USD/CAD is rising towards the resistance which is a pullback reistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.3673 Why we like it: There is a pullback resistance that lines up with the 50% Fibonacci retracement. Stop loss: 1.3759 Why we like it: There is a swing high resistance. Take profit: 1.3554 Why we like it: There is a multi swing low support. 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 Trade Idea: Potential for Further GainsI've initiated a long position on USDCAD at the retest of the key demand zone at 1.35766. Positive indicators support this trade: non-commercial traders are also accumulating long positions, and a notable shift is observed in the CAD futures market, with commercials moving from a bearish to a potentially bullish stance. Furthermore, seasonal trends favor a USD strengthening against the CAD. A further drop in price could present another attractive entry point at a lower demand zone. ✅ Please share your thoughts about USD/CAD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
3
Heading into 50% Fibonacci resistance?USD/CAD is rising towards the resistance level, which serves as a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take-profit target. Entry: 1.3673 Why we like it: There is a pullback resistance that lines up with the 50% Fibonacci retracement. Stop loss: 1.3729 Why we like it: There is a pullback resistance that lines up with the 78.6% Fibonacci retracement. Take profit: 1.3583 Why we like it: There is a swing low support. 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
Heading into multi swing high resistance?The Loonie (USD/CAD) is rising towards the pivot and could reverse to the 1st support, which acts as a multi-swing high support. Pivot: 1.3758 1st Support: 1.3574 1st Resistance: 1.3844 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.
Short
by ICmarkets
USDCAD SELLUSD/CAD rallies to 1.3680 as the market focuses on a hawkish Fed The US Dollar extends its recovery for the second consecutive day, supported by strong US data. Upbeat US business activity and Jobless Claims support the Fed's "wait and see" rhetoric. In Canada, the weak Retail Sales data keep hopes for a BoC rate cut alive. The year will be politically marked by Trump’s return to the White House. A Republican government is seen as positive for financial markets, but Trump’s pledge to cut taxes and impose tariffs on foreign goods and services may introduce uncertainty to both the political and economic landscape. Canada’s political crisis peaked in late 2024 with a no-confidence vote against Prime Minister Justin Trudeau, leading to snap elections and a weakened Liberal minority government. Policy uncertainty and economic challenges dominate 2025’s outlook, raising concerns over market stability and investor confidence. The BoC is set to continue easing interest rates through 2025, at least at a faster pace than the Fed is expected to, which could apply pressure on CAD’s already-rising rate differential. SUPPORT 1.36991 SUPPORT 1.36739 SUPPORT 1.36495 RESISTANCE 1.37346 RESISTANCE 1.37455
Short
by Mark804
USDCAD Analysis week 31🌐Fundamental Analysis The Canadian dollar continued to decline against the US dollar on Friday. Trump returned to threatening tariffs on Canada as trade deals remain limited. The August 1 deadline for tariffs is approaching and Canada has not made much of a move so far. 🕯Technical Analysis USDCAD continues to rally towards the 1.4000 resistance zone. A recovery of the pair to 1.365 is a good momentum for USDCAD to break the trendline and break 1.37700. The trading strategy for next week is mainly to look for BUY points when there is a recovery of the wave structure. If the important support of the week 1.357 is broken, the uptrend will reverse. 📈📉Trading Signals BUY USDCAD 1.365-1.363 Stoploss 1.360 BUY Break out 1.37700
by TVS-Trader
USD/CAD H4 | Potential bearish reversalUSD/CAD is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.3701 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement. Stop loss is at 1.3740 which is a level that sits above the 78.6% Fibonacci retracement and an overlap resistance. Take profit is at 1.3653 which is a pullback 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. 66% 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. 66% 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