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Canadian Dollar / U.S. Dollar

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CADUSD trade ideas

USDCAD is ready to go shortNo comment needed. All information is in the chart analysis. Steps to follow: Analyze yourself. Take the position with SL and Take Profits. Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :) Get the result. I will update the trade every day. Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger! Good trades, Traders! The golden bear
by thegoldenbear
The Basics of Fibonacci TheoryBefore diving into Fibonacci theory, let's first answer the question, "Who is Fibonacci?" After all, knowing the history will give you the background you need to understand how this trading theory is rooted in mathematics and history. Leonardo Pisano, better known as Leonardo Fibonacci, was a European mathematician in the Middle Ages. He wrote Liber Abaci (Book of Calculation) in 1202. It’s there that the Fibonacci Sequence was born: A series of numbers where each figure is the sum of the two preceding it. The Fibonacci sequence begins with zero and one, which are known as seed numbers. Each subsequent number is the sum of the two preceding ones, so here's how the sequence starts: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144… While the sequence itself isn't crucial for traders, it provides the basis for Fibonacci ratios that you often see traders adding to their charts to anticipate price action. What are Fibonacci Ratios? Fibonacci ratios are percentages derived from dividing numbers in the Fibonacci sequence. Key ratios include 23.6%, 38.2%, 61.8%, 78.6%, and 161.8%. For example, the 61.8% ratio is found by dividing a number in the sequence by the one that follows it, resulting in approximately 0.618. These ratios, known as the golden ratios, frequently appear in mathematics, geometry, architecture, and art. Fibonacci Retracements for Traders Fibonacci retracements are often used to help predict support and resistance levels when a market retraces after a significant move. For instance, if a market drops 150 points in a bear trend, a countertrend might find support or resistance at a Fibonacci ratio of the initial move, such as 23.6%, 38.2%, 61.8%, or 78.6% of the move. With this simple bit of knowledge, you now have the basic understanding of Fibonacci ratios, and you can utilize this to better understand charts that have ratios drawn on them, as well as experimenting with the various Fibonacci tools available on TradingView. Whether you're analyzing short-term trends or long-term movements, incorporating Fibonacci principles can provide unique insight into possible moves based on universal mathematical principles. Did you learn something new? Our team of researchers and market specialists will be sharing more educational content, so be sure to follow our TradingView account for instant updates. Also, be sure to check out our latest ideas here . The FOREX.com team
by FOREXcom
USD/CAD: Market Turns – Reversal in MotionWelcome back! Let me know your thoughts in the comments! ** USDCAD Analysis ! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Welcome back! Let me know your thoughts in the comments!
Short
by OGT_Forex
USD/CAD BUY USD/CAD has broken above a key resistance level, confirming strong bullish momentum. This breakout suggests a high probability of further upside movement, with the next target around 1.4615. While the bullish trend remains intact, there is a possibility of a short-term correction, with a retest of the broken resistance to confirm it as new support. Such a move would provide a stronger foundation for the continuation of the uptrend. Traders should remain focused on the bullish potential but must set their stop-loss levels according to their risk management strategies to account for possible short-term retracements. This is a great opportunity to ride the momentum while managing risk effectively! 💪📈
Long
by Charts_M7M
USD/CAD "The Loonie" Forex Market Heist Plan on Bullish🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the USD/CAD "The Loonie" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉 Entry 📈 : Traders & Thieves with New Entry A bull trade can be initiated on the MA level breakout of 1.44900 However I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level. Goal 🎯: 1.26000 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Fundamental Outlook 📰🗞️ A bullish scenario for the USD/CAD pair would involve a combination of factors that would lead to an increase in the value of the US dollar relative to the Canadian dollar. Here are some possible factors that could contribute to a bullish scenario: Strong US Economic Growth: A strong US economy, with rising GDP growth, low unemployment, and increasing consumer spending, could lead to an increase in the value of the US dollar. Interest Rate Hikes: If the Federal Reserve raises interest rates more aggressively than expected, it could lead to an increase in the value of the US dollar, as higher interest rates would make the US dollar more attractive to investors. Weak Canadian Economic Growth: A weak Canadian economy, with slow GDP growth, high unemployment, and decreasing consumer spending, could lead to a decrease in the value of the Canadian dollar. Commodity Price Decline: A decline in commodity prices, such as oil and gold, could lead to a decrease in the value of the Canadian dollar, as Canada is a major exporter of these commodities. Bank of Canada Dovishness: If the Bank of Canada takes a dovish stance on monetary policy, it could lead to a decrease in the value of the Canadian dollar, as investors would expect lower interest rates and a more accommodative monetary policy. The USD/CAD pair is looking interesting right now. Based on the latest analysis, it seems that the pair is likely to grow, Some experts are predicting a bullish continuation, with the price potentially breaking above the range's resistance. However, others are warning of a potential reversal, with the pair showing signs of exhaustion and a possible shift in momentum. In terms of fundamentals, the US CPI for May is predicted to rise 0.7% monthly and 8.3% annualized, which could impact the USD/CAD pair. Additionally, the Canadian Employment Report for May is predicted to show the addition of 30.0K jobs and an Unemployment Rate of 5.2%, which could also affect the pair. Overall, it's a bit of a mixed bag, but it seems that the bullish scenario is gaining traction. Of course, it's always important to keep an eye on the latest news and analysis, as things can change quickly in the forex market........................... Trading Alert⚠️ : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
Long
by Thief_Trader
USDCAD Will Explode! BUY! My dear subscribers, This is my opinion on the USDCAD next move: The instrument tests an important psychological level 1.4323 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.4380 My Stop Loss - 1.4297 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. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
USDCAD - ANALYSIS👀 Observation: Hello traders! Let’s analyze the USD/CAD pair. Based on the current price action, we are observing a range breakout, and I expect the price to continue its bullish movement upward. My first target for this bullish move lies between 1.46685 and 1.46966 . 📈 Expectation: Bullish continuation towards the target range of 1.46685 - 1.46966 , following the range breakout. 💡 Key Levels to Watch: Target Range: 1.46685 - 1.46966 💬 What’s your outlook for USD/CAD? Share your analysis in the comments below! Trade safe
Long
by PouyanTradeFX
Canada CPI fractionally lower. BoC in the spotlight next weekUSDCAD continues to experience strong fluctuations due to recent political and economic events. Next week it will BoC's turn to shape the near-term faith of the Canadian dollar. FX_IDC:USDCAD MARKETSCOM:USDCAD RISK DISCLAIMER 74.2% 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. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
by Marketscom
USDCAD - READY FOR BREAKOUT? / RETRACEMENT?Pair looks somewhat interesting to watch closely. First of all Price Objective for major Bullish Rectangle has been met. Though after several days of struggle and consolidation (within the smaller rectangle) it finally hit target. Most traders would probably have gone short on the long bearish candle and Stop losses just right above it or above the rectangle which coincidentally is PO for broader/major rectangle and all stopped out of their trades. I look forward to price reaching the 1.4300 level (strong confluence point) and an eventual breakout to the downside. Price levels to watch out for also drawn on chart including PO for rectangle (distribution zone range), fib 0.236 & 0.382 retracement levels. Summary Patterns identified 1. Distribution zone (Rectangle). Don't seem like a reversal to me at the moment. 2. Bump and Run (with targets 1.3950 - 1.3700) though not in the short term. A push up and close above 1.4400 (fib. retracement, 0.118) could nullify this analysis.
Short
by GhosTrader_GT
USDCAD Analysis - 4H TimeframeHI Traders The price has reached a strong rejection zone around the 1.4480 level, which has previously acted as a key area for determining the direction. There’s potential for a bullish bounce if this zone confirms as support. Key Observations: Critical Zone: 1.4450 - 1.4480 (monitor price action closely here). If the price holds and continues upward, the first target could be around 1.4550. Alternative Scenario: Breaking below this key zone could lead to a retest of lower levels, possibly near 1.4400. Disclaimer: This is not financial advice. Please manage your risk and follow the price action carefully. What are your thoughts on this setup? Share your feedback! 😊
Long
by hamidTrader21
USD/CAD Consolidation Continues Despite VolatilityChart Analysis: The USD/CAD pair continues to trade within a defined consolidation box, reflecting indecision and range-bound behavior. 1️⃣ Consolidation Box: The pair has failed to decisively break above the upper boundary near 1.4460 or below the lower boundary around 1.4280. This range-bound behavior suggests that traders remain uncertain about the next directional move. 2️⃣ Key Levels to Watch: Resistance: The upper boundary at 1.4460 remains a critical resistance level. A breakout above this level with strong follow-through is needed to confirm a bullish breakout. Support: The lower boundary near 1.4280 acts as strong support. A breakdown below this level could indicate bearish continuation. 3️⃣ Moving Averages: 50-day SMA (blue): Rising around 1.4215, providing dynamic support within the range. 200-day SMA (red): Trending upward near 1.3820, confirming a longer-term bullish structure. 4️⃣ Momentum Indicators: RSI: Hovering near 52, reflecting neutral momentum. MACD: Flat, signaling a lack of strong directional momentum. What to Watch: A confirmed breakout above 1.4460 or breakdown below 1.4280 will likely provide the next major move. Until then, traders may look to trade within the consolidation range, with stops placed around key levels. The USD/CAD remains in a state of consolidation, with the range providing clear levels for traders to monitor. -MW
by FOREXcom
Markets underprice US-Canada trade risks? Deutsche Bank thinks markets may be underestimating the risk of a trade war between the US and Canada. In its analysis, the bank suggests that USD/CAD could rise to "at least" 1.53, with the potential to test the 2002 all-time high of 1.61. A trade war could push Canada into a recession, prompting the Bank of Canada to cut interest rates to as low as 1.50%, significantly below the 2.75% currently priced in by markets. The Trump administration’s relationship with Canada may set a baseline for its broader trade policies, indicating that the potential impact on other trading partners' currencies might currently be underestimated by the market too. EUR/USD comes to mind in this regard. Currently, USD/CAD has been trading within a tight range of 1.4260–1.4465 for over a month. The pair maintains a bullish outlook, supported by a rising 50-day Exponential Moving Average (EMA), which is currently around 1.4235.
by BlackBull_Markets
USDCADUSD/CAD represents the exchange rate between the U.S. dollar (USD) and the Canadian dollar (CAD), showing how many Canadian dollars are needed to buy one U.S. dollar. It reflects the economic relationship between the United States and Canada. The exchange rate is influenced by factors such as monetary policies of the Federal Reserve (Fed) and the Bank of Canada (BoC), interest rate differentials, inflation, employment data, and GDP growth. Since Canada is a major oil exporter, oil prices have a strong impact on the CAD’s value. When oil prices rise, the CAD tends to strengthen, pushing USD/CAD lower. USD/CAD is widely traded in forex markets and is considered a commodity currency pair due to Canada’s dependence on natural resources. It is often affected by trade relations and economic ties between the two countries.
Short
by HavalMamar
USDCAD BULLISH FOR 100PIPS. Entry Point: Current Price: Check the current price of USDCAD. A good entry would typically be on a pullback or a confirmation of bullish momentum. Technical Analysis: Identify a support level or a technical signal (e.g., price action, moving average crossover, or bullish candlestick patterns) to enter the trade. 2. Target (100 Pips Bullish): If you're aiming for a 100-pip gain, the target price would be set 100 pips above your entry point. For example, if your entry is at 1.3450, your target would be 1.3550. Use resistance levels or previous highs to validate that your target aligns with realistic price movement within the given timeframe. 3. Stop Loss (30 Pips): Set the stop loss 30 pips below your entry. If your entry is 1.3450, the stop loss would be at 1.3420. Ensure that the stop loss is placed below a key support level to avoid being prematurely stopped out due to market fluctuations.
Long
by LORDOFTHETRADERS
Trump’s 25% Tariff Threat and USD/CAD’s Expanding RangeUSD/CAD has quickly become the currency pair to watch as Donald Trump’s tariff threats shake the foundations of North American trade. With rising political uncertainty on both sides of the border and increasingly volatile price action, this pair is presenting both risks and opportunities for traders. Trump’s 25% Tariff Threat Donald Trump wasted no time making waves, threatening Mexico and Canada with 25% tariffs on the first day of his new term. These proposed levies are tied to border security concerns and the ongoing fentanyl trafficking crisis, which Trump has made a key part of his trade agenda. The announcement sent a volatility shock through currency markets, causing the Mexican peso and Canadian dollar to drop. This sharp reaction was compounded by a sense of whiplash— traders had been anticipating a more measured approach after administration officials hinted at restraint. Instead, they were met with heightened uncertainty, a hallmark of Trump’s economic style. Canada now finds itself in a precarious position. Heavily reliant on trade with the US, its economy is already feeling the weight of these tariff threats. As Trump pushes forward with his protectionist agenda, heightened volatility in the USD/CAD pair is likely to persist. Technical Analysis: USD/CAD’s Expanding Range After a strong rally from October to December, USD/CAD has spent the start of the year consolidating. At first, the pair moved within a narrow, orderly trading range, but that calm has given way to a more erratic and volatile expanding range pattern. This shift is a direct result of escalating trade tensions and Canada’s own domestic uncertainties. False breakouts on both sides of the range have become a defining feature. These moves have rattled traders looking for directional clarity, with each false breakout appearing to test the boundaries of the market’s patience. As the expanding range widens, the pair signals an intense tug-of-war between bullish momentum and growing unpredictability. To place this volatility in context, Keltner Channels are an essential tool. They adapt to the increasing volatility while maintaining a focus on the broader trend. A look at the daily chart shows USD/CAD remains above the midline of the Keltner Channel, affirming that the long-term uptrend is still intact. However, the bands are widening significantly, reflecting the heightened uncertainty that traders must contend with. USD/CAD Daily Candle Chart Past performance is not a reliable indicator of future results Traders should approach this pair with caution: • Key support and resistance levels within the expanding range will be critical to watch. • A breakout beyond the upper Keltner Channel, coupled with rising volume, could signal the start of a new trend leg. • It’s essential to account for the volatility when setting stop losses or calculating position sizes. Overly tight stops could easily be triggered by sharp intraday moves, while wider stops demand disciplined risk management. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
by Capitalcom