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CADUSD trade ideas

USDCAD price squeeze in progressYou can go short near the upper trendline, but it's probably best to wait for the breakout to happen in the next few days. This is not a trade recommendation; it’s merely my own analysis. Trading carries a high level of risk so carefully managing your capital and risk is important. If you like my idea, please give a “boost” and follow me to get even more. It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Short
by Trading_Vista
We are watching USDCAD today and on ThursdayCanadian CPIs and PPIs are coming out on Tuesday and Thursday respectively. Let's dig into the numbers. FX_IDC:USDCAD MARKETSCOM: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 H4 | Overlap support at 50% Fibonacci retracementUSD/CAD is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.3894 which is an overlap support that aligns with the 50.0% Fibonacci retracement. Stop loss is at 1.3840 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement. Take profit is at 1.4004 which is a multi-swing-high resistance that aligns close to the 50.0% Fibonacci retracement. 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 (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 Global LLC (tradu.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by Tradu
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
USDCAD H4 I Bullish Bounce Off the 50% FiboBased on the H4 chart analysis, the price is falling toward our buy entry level at 1.3894, a pullback support that aligns close to the 50% Fibonacci retracement. Our take profit is set at 1.4024, a pullback resistance. The stop loss is placed at 1.3830, below the 61.8% Fibonacci retracement. 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 (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 Global LLC (tradu.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by Tradu
"USD/CAD Comprehensive Analysis: Fundamental, Technical, & Risk" 📘 1. Fundamental Analysis From a fundamental perspective, the current movement of USD/CAD is still influenced by the strength of the US Dollar which remains solid, especially due to expectations that the Federal Reserve will maintain high interest rates for a longer period. The US Dollar is supported by relatively stable US economic data and has not provided a strong reason for the Fed to loosen monetary policy quickly. On the other hand, the Canadian Dollar is still weak due to the decline in crude oil prices—Canada's main export commodity—which has put pressure on the CAD. With this condition, the USD remains superior to the CAD in the short term. However, the market is also waiting for important catalysts from the release of Canadian inflation data and speeches by Fed officials next week. As long as the DXY (US Dollar Index) remains stable above 104.50 and there is no significant spike in oil prices, the upward pressure on USD/CAD is expected to continue. 2. Technical Analysis Technically, USD/CAD is in a strong uptrend, marked by a "higher high and higher low" structure on the 4-hour timeframe. The price has broken through the resistance of 1.3925 and is now moving in the area of ​​1.39650. The MACD indicator shows a positive histogram that is still widening, while the RSI is in the range of 69—indicating strong bullish momentum but starting to approach overbought. ADX reaching 31 strengthens the signal that the current trend is quite solid and worth following. On the 1 hour and 15 minute timeframes, it can be seen that the price is making a minor retest after the breakout with a healthy pullback pattern. There are no signs of a significant reversal, and volume remains maintained. With this structure, the buy on pullback setup is considered the optimal scenario, with the ideal entry zone at 1.3935–1.3945. 3. Risk Management In the risk management framework, a long position in the 1.3935–1.3945 zone has a very good risk-to-reward ratio of around 1:2.57 with the first profit target at 1.4200 and the follow-up target at 1.4050. Stop loss is placed safely below the minor support area at 1.3832 to avoid whipsaws from market noise. The probability of success based on the history of similar setups and current indicator conditions is around 79%, with a strategy confidence level above 85%. However, traders are advised to wait for confirmation in the form of a bullish candle and volume spike when the price enters the pullback zone, in order to avoid premature entry. Positions should not be executed if the DXY shows a strong bearish reversal, or if the price of WTI crude oil spikes sharply, as it could suddenly strengthen the CAD.
Long
by Chano_Tenggara
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 Key Levels in SightUSDCAD is mirroring the DXY’s broader trend — rebounding off oversold momentum levels last seen in 2021 and facing resistance due to softer US economic data. • Bullish scenario: A break and hold above 1.4020 may open the way for gains toward 1.4080, 1.4150, and 1.4270. • Bearish scenario: A decisive break below 1.3930 could trigger further downside toward 1.3830, 1.3750, and 1.3600. Key Events to watch for next week: - Canadian CPI on Tuesday - Canadian Retail Sales on Friday - US Trade Deal Developments Written by Razan Hilal,CMT
by FOREXcom
USD/CAD(20250516)Today's AnalysisMarket news: Fed Chairman Powell: The Fed is adjusting its overall policy-making framework. Zero interest rate is no longer a basic situation. The wording of underemployment and average inflation rate needs to be reconsidered. PCE is expected to drop to 2.2% in April. Technical analysis: Today's buying and selling boundaries: 1.3972 Support and resistance levels: 1.4020 1.4002 1.3990 1.3953 1.3941 1.3923 Trading strategy: If the price breaks through 1.3972, consider buying, the first target price is 1.3990 If the price breaks through 1.3953, consider selling, the first target price is 1.3941
Short
by Toml1314
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
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 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
Long trade 1Hr TF overview 30 TF entry 🟩 Buyside Trade Log 📈 Pair: USD/CAD 🏷️ Type: Intraday | Tokyo Session PM 🧠 Setup: Breakout 🆔 Trade ID: #USDCAD-0512A 📅 Date: Monday, 12th May 2025 🕔 Time: 5:00 PM 🔹 Entry Price: 1.39273 🔹 Profit Target: 1.41764 (+1.79%) 🔹 Stop Loss: 1.38991 (-0.20%) 🔹 Risk-Reward Ratio: 8.83 🔍 Reasoning: Price action context Buyside trade initiated based on Wyckoff methodology, identifying accumulation phases during the Tokyo PM session. Breakout entry was timed as price moved out of the accumulation zone, aligning with Phase D, where price begins to mark up toward higher liquidity zones.
Long
by davidjulien369