Get started

Canadian Dollar / U.S. Dollar

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

CADUSD trade ideas

USDCADThis 4-hour chart of USD/CAD presents a bearish channel setup, signaling continuation of the downtrend. Here's a breakdown of the technical context: Trend & Structure Analysis: 🔻 Descending Channel: The price is respecting a downward-sloping channel (highlighted in red). Lower highs are marked by red arrows showing consistent rejection at the upper trendline. 🔹 EMA Resistance: EMA 9 (blue line) and EMA 21 (orange line) are above price and sloping downward. The 9 EMA is currently at 1.38199, reinforcing resistance in this area. 🔹 Horizontal Levels: Daily Resistance around 1.38554 has been rejected repeatedly. Immediate support lies around 1.37603. Fibonacci Levels & Bearish Projection: Fibonacci retracement from a recent swing shows: 0.382 ≈ 1.38241 0.5 ≈ 1.38133 (currently acting as resistance) Fibonacci Extensions (Downside Targets): 1.618 = 1.36972 2.618 = 1.35951 3.618 = 1.34930 4.236 = 1.34371 (aligns with Daily Demand Zone) Trade Setup Idea (Short Bias): Bias: Bearish while price stays below the descending channel’s upper boundary and EMA resistance. Entry: Near 1.3813–1.3824 (after a potential pullback) Stop-Loss: Above 1.3855 (daily resistance) Targets: TP1: 1.3760 TP2: 1.3697 TP3: 1.3595 TP4: 1.3437 (Daily Demand Zone)
Short
by Dailypaperfx888
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
Loonie Drops on Election Shock – Is USD/CAD Set to Rally Further⭐️The USD/CAD pair recovered from intraday losses, trading around 1.3840 in Tuesday’s early European session, as the Canadian dollar (CAD) weakened following Canada’s election results. Prime Minister Mark Carney of the Liberal Party retained power but secured only 167 of 343 seats, falling short of the majority needed for effective trade negotiations with the US. Carney declared the end of the US-led global trade system, unsettling the CAD. The USD gained from optimism in US-China trade relations, with Trump open to lowering tariffs, Beijing exempting some US imports, and ongoing talks with President Xi Jinping showing progress. Trump also proposed reducing auto tariffs, boosting market sentiment. 🔼BUY 1.37100 - 1.36900 SL 1.36600 TP1 1.37400 TP2 1.37900 🔽SELL 1.38800 - 1.39000 SL 1.39300 TP1 1.38500 TP2 Open
Short
by MMFlowTrading
2
Carney wins, US jobs are in spotlight. Short-term USDCAD reviewThe former BoE chief Mark Carney became the new PM of Canada. US JOLTs, ADP and NFP numbers are carefully monitored by USD traders. What could happen with MARKETSCOM:USDCAD ? Let's find out. FX_IDC:USDCAD Let us know what you think in the comments below. Thank you. 77.3% 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
USD/CAD 4H CHART PATTERNUSD/CAD Technical Analysis Chart Pattern: Trend Line Breakout Reversal Target: 1.44000 1. Overall Market Structure The chart depicts a clear downtrend, followed by sideways consolidation near a horizontal support line. A descending trend line captures the bearish structure, which has now been challenged by recent bullish momentum. 2. Support Zone & Rejection The price has respected the support zone multiple times, forming a strong base. Repeated bounces off this level suggest accumulation, where buyers are building positions. 3. Breakout Confirmation Price action is attempting to break above the descending trend line, signaling a potential reversal from bearish to bullish. The "Entry Long" point marks an ideal breakout zone, where traders could enter with confirmation (strong bullish candle close above the trend line). 4. Target Projection: 1.44000 The projected target is 1.44000, aligning with a major resistance level (previous structure highs). This makes the trade a trend reversal play, aiming to capture the first major upward swing post-breakout . 5. Risk Management A stop loss should be placed just below the support line or recent swing low to guard against a false breakout. The trade offers a favorable risk-to-reward ratio, especially if entered on a retest of the breakout zone.
Long
by Trend_logic
USDCAD – 4H Bullish Divergence Setting Up for a Potential ReversUSDCAD – 4H Bullish Divergence Setting Up for a Potential Reversal 🚀🔄 Hey traders 👋 USDCAD is flashing some early signs of a potential trend shift on the 4H chart, and it’s coming straight from one of the most reliable clues in technical analysis — bullish divergence. Let’s walk through it. 📈 Price Making Lower Lows, But RSI Isn’t So here’s what’s happening: price action has been sliding lower, printing a series of lower lows — looks bearish on the surface, right? But when you peek under the hood and check out the RSI, you’ll notice something interesting. The RSI is actually making higher lows during the same period. That’s classic bullish divergence, and it’s usually a sign that selling pressure is weakening, even if price hasn’t caught up to that idea yet. Momentum is starting to shift, and the bulls may be loading up in the background. 🔍 What This Means This setup tells us that while bears have been in control, they’re losing strength. Buyers are quietly stepping in, and if price confirms with a breakout or a structure shift — we might be looking at a solid reversal opportunity. These divergences can often be the first clue before a full-blown reversal. Not something to trade blindly, but definitely something to prepare for. 💡 Watch For Confirmation Look for structure breakouts (trendline cracks, minor resistance flips, etc.) Volume rising on bullish candles = extra confidence A strong bullish engulfing candle or a higher low can be a great signal to jump in Patience is key here. Let the market show its hand, then act. 📌 The Setup Looks Promising – But Timing Is Everything. Are you spotting the same divergence? Or waiting for more signs before stepping in? #USDCAD #Forex #BullishDivergence #4HChart #RSI #TrendReversal #ForexTrading #PriceAction #SmartMoney
Long
by MAAwan
#USDCAD: 1000+ Pips Big Bullish Move With Three TargetsThe USDCAD is currently in a bearish trend since the day has dropped significantly and is still falling. We anticipate the price to drop slightly more before it reaches our entry zone. There are two entry points, and you can choose either one that aligns with your views. There are three targets, and you can set take profit targets that suit you best. Good luck and trade safely. Thanks for your support! 😊 If you want to help us out, here are a few things you can do: - Like our ideas - Comment on our ideas - Share our ideas Team Setupsfx_ ❤️🚀
Long
by Setupsfx_
17