Get started

Canadian Dollar / U.S. Dollar

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

CADUSD trade ideas

USDCAD Forecast: Time to Buy!Based on the latest analysis using the EASY Trading AI strategy, my outlook for the USDCAD currency pair is decidedly bullish. The current entry price of 1.43916 presents a viable buying opportunity, aiming for a take profit level of 1.44094667, while setting a stop loss at 1.43690667. Several factors contribute to this optimistic stance. The overall trend has shown a consistent upward movement fueled by positive economic indicators from Canada, coupled with underlying U.S. dollar weakness due to concerns regarding monetary policy shifts. Additionally, momentum oscillators signal significant buying interest, suggesting that traders are eager to enter this market. The technical setup further supports this buy signal, as we see strong support around the current price level. The presence of multiple bullish candlestick patterns indicates potential for a rally. The EASY Trading AI model has consistently outperformed expectations with its precision, and based on its empirical data, this trade has a high probability of success. For those trading on their own, keep a close watch on news releases and global economic shifts, as these can impact currency valuations. Alternatively, consider utilizing our automated trading bots that follow the EASY Trading AI strategy to manage your positions effectively without the need for constant monitoring. Engage with this opportunity wisely! 🌟 Happy trading!
Long
by ForexRobotEasy
USD/CAD: Key Support and Resistance Levels Ahead of Labor Market Traders are closely watching the USD/CAD pair as labor market data from both the United States and Canada are set to be released today. Forecasts suggest a decline in Canadian employment change from 59k to 24.9k, accompanied by a rise in the unemployment rate from 6.8% to 6.9%. In contrast, U.S. non-farm payroll data is expected to show a decrease in job creation to 164k, while the unemployment rate is anticipated to remain steady at 4.2%. These data releases are likely to impact the USD/CAD pair's movements significantly. Analysts suggest that higher employment rates in either country would support their respective currency, while rising unemployment rates would have a negative impact on the currency involved. Technical outlook Beyond today's data, the USD/CAD pair is currently trading in a bearish trend on the 4-hour timeframe after recently hitting a new low at 1.43045. Analysts view the recent upward movement as a corrective rebound, with a return to the 1.44271 level potentially reinforcing the likelihood of a further decline toward 1.43195. On the other hand, if the pair continues its upward trajectory and breaches the 1.44670 level with a 4-hour candle closing above this level, experts predict the trend could shift to a bullish direction.
by CFI
USDCAD Possible LongW1 : Bullish D1 : Bullish 4H : Bullish Market Structure 1H : Currently Bearish Narrative : Price is currently Coming out of weekly IMB by sweeping Previously weekly low > We had a Daily IMB in the way that got violated by 4H PA and retracing back to the 4H OB after tapping into 4H Area of struggle > 1H is currently Bearish Entry Pattern : Currently Hourly Price action is bearish retracing back to 4H OB, after coming inside the OB we can look for some sort bullish sign to enter long position. First context target can be simply 1:2RR / Weak High. Eventually Price can attack Realtive Equal Highs on Top since there are no AOS upside.
Long
by nptrade24
USDCAD Forecast: Ready for a Bullish Surge!I'm excited to share my latest analysis on the USDCAD currency pair. Based on the insights from the EASY Trading AI strategy, I'm inclined to recommend a Buy position for USDCAD at the entry price of 1.43916. Why the bullish outlook? Firstly, current market dynamics indicate strong support, and previous bullish momentum suggests that the pair is poised for upward movement. We're targeting a Take Profit at 1.44094667. This level aligns with previous resistance points, serving as a potential pivot for further gains. To protect our position, I advise setting a Stop Loss at 1.43690667. This provides a safety net while offering an acceptable risk-reward ratio, ensuring we can capitalize on favorable price movements without taking on excessive risk. It's important to remember that although our analysis is underpinned by the solid foundations of the EASY Trading AI strategy, trading always entails risk. Staying informed about market fluctuations and adhering to sound risk management practices are crucial for success. For those looking to automate their trades, consider exploring the options available through our trading bots that utilize the same strategy. Happy trading!
Long
by ForexRobotEasy
USDCAD Wave Analysis 9 January 2025 - USDCAD reversed from support zone - Likely to rise to resistance level 1.4450 USDCAD currency pair recently reversed up from the support zone located between the support level 1.43000, 20-day moving average and the support trendline of the sharp daily up channel from September. This support zone was further strengthened by the 38.2% Fibonacci correction of the upward impulse from last month. Given the clear daily uptrend, USDCAD currency pair can be expected to rise to the next resistance level 1.4450 (which stopped the previous waves (3) and B).
Long
by FxProGlobal