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Canadian Dollar / U.S. Dollar

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CADUSD trade ideas

USDCAD 1H ShortThe USD/CAD 1-hour chart illustrates a potential bearish setup as the price breaks below the Ichimoku cloud (Kumo), indicating a shift to bearish momentum. The Tenkan-sen (red line) and Kijun-sen (blue line) have crossed below the cloud, supporting further downside potential. The bearish crossover and the downward-angled Kumo ahead signal continued selling pressure. A short entry is viable below the current level at 1.4320, with a stop-loss placed above the Kijun-sen around 1.4345 to minimize risk. The take-profit target is set near the previous swing low at 1.4280, offering a favorable risk-to-reward ratio. However, traders should monitor volume and lower timeframes for confirmation before entering the trade.
Short
by ALRDNMRSKY
Trudeau’s Expected Resignation Prompts Dollar ReboundThe USD/CAD pair hit 1.4379, reflecting a rebound from its earlier January 2016 lows, as traders react to the potential resignation of Canadian Prime Minister Justin Trudeau. This possible political shift has also strengthened the US dollar against the Canadian dollar, causing the loonie to pare some of its earlier gains. Trudeau's anticipated departure, amid public and legislative pressure, adds an element of political uncertainty in Canada, which could impact the CAD's stability. Meanwhile, in the U.S., President-elect Donald Trump's tariff plans are being recalibrated to target only critical imports, a shift from his campaign's universal tariff approach. This adjustment aims to mitigate widespread disruptions and price increases, potentially supporting market stability and investor confidence. As these geopolitical and economic factors unfold, traders should remain vigilant, as developments in Canadian leadership and U.S. trade policies could introduce further volatility and influence USD/CAD dynamics.
by tastyfx
What Trudeau’s resignation means for USD/CAD? Canada's Prime Minister Justin Trudeau is reportedly expected to announce his resignation this week, with Reuters suggesting the announcement could come as early as today. Trudeau's departure would leave the Liberal Party without a permanent leader, as polls indicate the party is at risk of a significant loss to the opposition Conservatives in an election required by late October. In the forex market, USD/CAD fell from the January high at 1.4460 when the resignation rumors began. A move above the 100- and 200-hour moving averages at 1.4390 might signal a reversal in buyer momentum and a stronger bullish bias. The range low at ~1.4335 is potentially another key level to watch for this pair.
by BlackBull_Markets
USD/CAD Bouncing at Trendline Support after Trudeau ResignsChart Analysis: The USD/CAD pair has been in a steady uptrend, but recent price action shows signs of consolidation below the recent highs at 1.4450. The trendline support remains intact, keeping the bullish structure valid. 1️⃣ Key Support Zone: The trendline from October lows aligns near 1.4300, acting as immediate support for the pair. 2️⃣ Moving Averages: 50-day SMA (blue): At 1.4111, providing dynamic support if the trendline breaks. 200-day SMA (red): At 1.3772, indicating the broader bullish bias. 3️⃣ Momentum Indicators: RSI: At 60.26, cooling off from overbought levels, indicating room for further consolidation. MACD: Positive but showing signs of a potential slowdown, with momentum waning slightly. What to Watch: A daily close below the trendline at 1.4300 could trigger further downside toward the 1.4111 support (50-day SMA). Alternatively, holding above the trendline could attract buyers, pushing the pair back toward 1.4450 and potentially targeting new highs. The bullish trend remains intact, but price action near the trendline will be critical in determining the next move. -MW
by FOREXcom
Short the pair Hello Dear Traders, This was my first trade in 2025. Hope you have enjoyed holidays, and you are ready to start a profitable year. Regarding the daily chart we could easily distinguish some zones. While the trend is super bullish some deep corrections might be able to make profit in LTF. A break below the zone in 2h activated a sell trade for us. I've opened a market execution order, and I've put a limit order at bottom of the zone. Enjoy you trades Regards, Ali
Short
by AliSignals
USDCAD SELL | Idea Trading AnalysisUSDCAD is moving on Resistance zone.. The chart is above the support level, which has already become a reversal point twice. We expect a decline in the channel after testing the current level. We expect a decline in the channel after testing the current level Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCAD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Short
by TheGrove
5
4-hr USD/CAD: A 200-pip Drop AnticipatedAfter a massive 1,000-pip rally since October, USD/CAD is showing signs of momentum exhaustion. A solid resistance has formed at 1.4450, suggesting early buyers are now likely taking profits. Major indices are stabilizing, and commodities are recovering—signals that the USD may weaken. The immediate support at 1.4336, coinciding with the 23% Fibonacci retracement, has been tested several times but now appears unlikely to hold. If this level breaks, the next support is expected at 1.4190, aligning with the critical 50% Fibonacci retracement. This area, previously a resistance, seems like a logical target for sellers. Traders looking to capitalize on a potential drop in USD/CAD might wait for a confirmed break of the immediate support before entering short positions. With broader market conditions hinting at a USD decline, the pair may be poised for a pullback if sellers gain control.
Short
by Trendsharks
Daily CLS, Key Level - Daily ob (H1 refined) Model 1Daily CLS, Key Level - Daily ob (H1 refined) Model 1 you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Long
by Dave-Hunter
11
USD/CAD H4 | Approaching multi-swing-low supportUSD/CAD is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 1.4343 which is a multi-swing-low support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 1.4290 which is a level that lies underneath a pullback support. Take profit is at 1.4466 which is a multi-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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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 (www.fxcm.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 Trading Pty. Limited (www.fxcm.com): 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 www.fxcm.com Stratos Global LLC (www.fxcm.com): 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.
Long
by FXCM
1
USD/CAD Breakout OpportunityTrading Idea: USD/CAD Breakout Opportunity USD/CAD has paused its four-day rally, trading near 1.4400 during the Asian session. The Canadian Dollar is supported by rising oil prices, with WTI nearing $73.50 per barrel, while US Dollar strength from the Fed’s hawkish stance limits the downside. Technical Outlook: The pair is consolidating within a rectangle pattern. The best trading approach is to wait for a confirmed breakout: Upside breakout: Indicates continued bullish momentum. Downside breakout: Signals a potential CAD-driven correction. Key Levels to Watch: Resistance: 1.4430–1.4450 Support: 1.4360–1.4380 Risk management is essential—always use stop-loss orders and manage your position size to protect your capital. Follow for more trading ideas and education!
by InwardTrader