Get started

Canadian Dollar / U.S. Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

CADUSD trade ideas

USDCAD: Bullish Wave on the Horizon?USDCAD: Bullish Wave on the Horizon? From early April to early May, USDCAD moved within a broad accumulation pattern without a clear direction. However, in the past week, the pair made its first bullish wave, climbing nearly 260 pips. Now, USDCAD appears to be accumulating once again, potentially setting up for another bullish wave. If this momentum continues, the price may extend toward the 1.4100 and 1.4200 levels. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by KlejdiCuni
7
USDCAD Consolidation Within Bullish Flag – Targets 1.4130USDCAD is consolidating inside a descending flag structure following a strong impulsive rally earlier in May. The current pullback is orderly and corrective, indicating potential for continuation higher. If price breaks above 1.3960, this flag breakout could extend toward 1.4130 and possibly 1.4225. With CAD weakening on soft oil prices and USD regaining strength from yield-driven flows, the bias remains bullish while price stays above 1.3870. 🔍 Technical Analysis Pattern: Bullish flag forming after a strong rally Support Zone: 1.3870–1.3900 → base of flag Resistance/Breakout Zone: 1.3960–1.3980 → upper flag line Structure: Higher lows holding firm Fib confluence near 1.3933 (23.6% retracement) Target Levels: 1.4130 – 50% fib level + previous structure resistance 1.4225 – 61.8% fib zone from March–April high 📈 Bias: Bullish continuation on breakout 🌍 Fundamental Context 🇺🇸 U.S. Dollar (USD) Supported by: Higher bond yields Fed expected to hold rates higher for longer Safe-haven inflows post-Moody’s downgrade fading USD Index recovering broadly across majors 🇨🇦 Canadian Dollar (CAD) Oil prices softening due to global demand concerns (China slowdown, US inventories) BoC likely done hiking — no fresh bullish catalysts CAD correlation with crude oil adds downside risk if energy markets weaken further 🎯 Trade Plan Entry: Break and close above 1.3960 Stop Loss: Below 1.3870 (flag support zone) Targets: TP1: 1.4130 (structure resistance + fib level) TP2: 1.4225 (swing high + golden ratio) ⚠️ Risk Factors to Watch If USD sentiment shifts (e.g., dovish Fed speaker) → breakout may fail Crude oil rebound would support CAD and cap USD/CAD upside False breakouts common near 1.3960 — wait for confirmation (strong candle close) 🧭 Conclusion USD/CAD remains in a bullish consolidation phase with a clear continuation setup. A break above 1.3960 would confirm a flag breakout targeting 1.4130 and 1.4225. With the macro backdrop favoring the USD and energy-linked CAD weakening, this setup offers clean structure and potential for follow-through.
Long
by ultreosforex
1
USD/CAD: The US Dollar in a Trap! Ready for a Rebound?Technical Overview: The monthly chart of USD/CAD shows a weakening phase of the US dollar against the Canadian dollar. Currently, the price is located at a key support zone around 1.3800. The RSI suggests a potential technical rebound, but the bearish structure remains intact until the resistance at 1.4000 is broken. Seasonality: According to seasonal trend data, the month of May historically shows a slightly positive trend for USD/CAD: 20 years: +0.0017 15 years: -0.0027 10 years: +0.0014 5 years: +0.0039 2 years: -0.0020 This trend highlights a historical short-term weakness (2 years), while over longer periods, the movement is marginally positive. COT Report: COT data shows an increase in long positions on the dollar (+2,158 contracts), while short positions also increased (+2,817 contracts). This suggests uncertainty among institutional traders, with a slight inclination towards short positions. Market Sentiment: Data indicates that 65% of retail traders are short on USD/CAD, while only 35% are long. This could signal a potential squeeze if the price breaks above resistance levels. Operational Conclusion: Considering the bearish pressure and technical structure, a prudent strategy could include: Long Entry: Above 1.4000 with confirmation on lower timeframes. Stop Loss: Below 1.3800 to minimize exposure to false breakouts. Primary Target: 1.4200, then 1.4400. Alternative Strategy: If the price rejects the 1.4000 resistance, consider shorting towards 1.3700.
Long
by EdgeTradingJourney
6
USDCAD Is Bullish! Long!The USD/CAD exchange rate consolidated near 1.3980 during the European trading session, after the Canadian dollar (CAD) came under pressure due to falling crude oil prices, enabling the pair to recover earlier losses. Given that Canada is the largest crude oil exporter to the U.S., declining oil prices typically dampen CAD sentiment. USD/CAD is displaying a complex technical trend. On the daily chart, the price is currently consolidating around the 1.3980 level. The pair has rebounded from a recent low of 1.3749 and is now attempting to break through the key psychological barrier of 1.4000. If it can surpass both the 1.4000 psychological level and the 1.4050 resistance, further upside toward 1.4150 could be possible. On the downside, key support lies at 1.3890 (the lower edge of the recent consolidation range) and 1.3749 (the recent low). you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
Long
by HilaryBloomer
1
Bullish momentum to extend?USD/CAD is falling towards the support level which is an overlap support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.3893 Why we like it: There is an overlap support level that lines up with the 50% Fibonacci retracement. Stop loss: 1.3837 Why we like it: There is a pullback support that aligns with the 61.8% Fibonacci retracement. Take profit: 1.4061 Why we like it: There is a pullback resistance level that aligns 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
USDCAD SHORT FORECAST Q2 W20 D16 Y25USDCAD SHORT FORECAST Q2 W20 D16 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 breaks of structure ✅Tokyo ranges to be filled ✅15' order block identified ✅4 Hour order block ✅4 Hour 50 EMA 🔑 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
Short
by JCFRGNT
Market Insights with Gary Thomson: 19 - 23 MayMarket Insights with Gary Thomson: RBA Rate Decision, Canada & UK Inflation Rate, Earnings Reports In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in! In this episode, we discuss: — RBA’s Interest Rate Decision — Inflation Rate in Canada — Inflation Rate in the UK — Corporate Earnings Statements Don’t miss out—gain insights to stay ahead in your trading journey. This video represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
How to Rob the Bank (of Canada) – Legally! (USD/CAD Swing Trade)🌍 Hello Global Traders! 🌟 Money Makers, Risk Takers, and Market Shakers! 🤑💸✈️ Dive into our USD/CAD "The Loonie" Forex heist, crafted with the signature 🔥Thief Trading Style🔥, blending sharp technicals and deep fundamentals. Follow the strategy outlined in the TradingView chart, focusing on a long entry targeting the high-risk MA Zone. Expect a wild ride with overbought conditions, consolidation, and potential trend reversals where bearish players lurk. 🏆💰 Celebrate your wins, traders—you’ve earned it! 💪🎉 Entry 📈: The vault’s open! Grab bullish opportunities at any price, but for precision, set buy limit orders on a 15 or 30-minute timeframe near swing lows or highs for pullback entries. Stop Loss 🛑: 📍 Place your Thief SL at the recent swing low on the 4H timeframe (1.38500) for scalping or day trades. 📍 Adjust SL based on your risk tolerance, lot size, and number of open orders. Target 🎯: Aim for 1.42500 💵 USD/CAD "The Loonie" is riding a bullish wave, fueled by key market drivers. ☝ Unlock the full picture—dive into Fundamentals, Macro Insights, COT Reports, Quantitative Analysis, Sentiment Outlook, Intermarket Trends, and Future Targets. Check 👉🌎🔗. ⚠️ Trading Alert: News & Position Management 📰🚨 News can shake the market hard. Protect your trades by: Avoiding new entries during news releases. Using trailing stops to lock in profits and shield running positions. 📌 Markets move fast—stay sharp, keep learning, and adapt your strategy as conditions evolve. 💖 Power up our heist! 🚀 Tap the Boost Button to amplify our Thief Trading Style and make stealing profits a breeze. Join our crew, grow stronger, and conquer the markets daily with ease. 🏆🤝❤️ Catch you at the next heist, traders—stay ready! 🤑🐱‍👤🤩
Long
by Thief_Trader
Heading into 50% Fibonacci resistance>The Loonie (USD/CAD) is rising towards the pivot, which has been identified as an overlap resistance and could reverse to the pullback support. Pivot: 1.3904 1st Support: 1.3781 1st Resistance: 1.3988 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
WHO LOVES A HPT? USDCAD SHORT FORECAST Q2 W21 D21 Y25USDCAD SHORT FORECAST Q2 W21 D21 Y25 WHO LOVES A HIGH PROBABILITY TRADE ? THIS HAS A LOT OF CONFLUENCES GOING FOR IT FROM THE HIGHS! 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 breaks of structure ✅Tokyo ranges to be filled ✅15' order block identified ✅Weekly 50 EMA ✅Daily 50 EMA 🔑 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
Short
by JCFRGNT
USDCAD SHORT FORECAST Q2 W21 D20 Y25USDCAD SHORT FORECAST Q2 W21 D20 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 breaks of structure ✅Tokyo ranges to be filled ✅15' order block identified ✅Weekly 50 EMA ✅Daily 50 EMA 🔑 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
Short
by JCFRGNT
USDCAD SHORT FORECAST Q2 W21 Y25 W&D 50EMA, Ooooh Soo Powerful !USDCAD SHORT FORECAST Q2 W21 Y25 USDCAD SHORT FORECAST Q2 W21 Y25 W&D 50EMA, Ooooh Soo Powerful ! 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 breaks of structure ✅Tokyo ranges to be filled ✅15' order block identified ✅Weekly 50 EMA ✅Daily 50 EMA 🔑 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
Short
by JCFRGNT
USD/CAD Coiled for Breakout Ahead of Canada CPIThe USD/CAD rally failed into confluent uptrend resistance at the 200-day moving average last week with price breaking below the median-line today in early U.S. trade- threat for a deeper set-back here towards the 2022 high close / 2023 high at 1.3881/99 and the 61.8% retracement at 1.3852. Losses would need to be limited to this slope IF price is heading higher on this stretch with a close above the 200DMA (currently ~1.4016) needed to fuel the next leg of the advance. Keep in mind we have Canada CPI on tap tomorrow. -MB
by FOREXcom