USDCAD Is Bullish! Long!
Here is our detailed technical review for USDCAD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.398.
The above observations make me that the market will inevitably achieve 1.401 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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CADUSD trade ideas
USDCAD POTENTIAL TO CONTINUE RALLYGood evening to all trader!!
Here my analysis which i focus on the trend. The news about tariff was one the most hot topic. Based on fundamental analysis with the news come up in this week. Im looking for another shot with strong TVC:DXY
The Purple zone as Resistance and The Blue Zone as Support
Have a good day and stay safe with the market always.
Short budddyyy!!!
1.39400 close below this area within 12 more hours…
My break of structure
Divergence
Nsync
And price action confluences have been met.
I have a short bias for the rest of the trading day.
We might reach a little higher before my anticipation of this pair going short.
What are your thoughts?
Trade safely my friend’s
USDCAD: Short Signal Explained
USDCAD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell USDCAD
Entry Level - 1.3963
Sl - 1.4002
Tp - 1.3895
Our Risk - 1%
Start protection of your profits from lower levels
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USDCADHello Traders! 👋
What are your thoughts on USDCAD?
This pair found support at the bottom of the channel and a key support zone, triggering the beginning of a bullish move.
We now expect the price to consolidate briefly within this support area, and then continue moving upward toward the specified targets.
Will this support hold and drive the next leg higher? Share your thoughts below!
Don’t forget to like and share your thoughts in the comments! ❤️
USDCAD SELL SETUP📉 USDCAD SELL SETUP – May 14, 2025( This setup wait for the a bearish candle - might be around NY open)
🔻 Entry: 1.39094
🎯 TP: 1.38590 (🟢 50 PIPS)
🛑 SL: 1.39216 (🔴 12 PIPS)
⚖️ RRR: 1:4.1 ✅
📍 Confluences:
🔸 Clean break + retest from support turned resistance
🔸 Price sitting just below H1 supply zone — weak bullish pressure
🛡 SL Guidance:
Once price makes a new M5/M15 low, SL can be manually adjusted to 15 pips max to trail smartly and protect profit. 🎯
Could the Loonie bounce from here?The price is falling towards the pivot and could bounce to the 61.8% Fibonacci resistance.
Pivot: 1.3904
1st Support: 1.3840
1st Resistance: 1.4063
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce?USD/CAD is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.3896
Why we like it:
There is an overlap support level that lines up with the 50% Fibonacci retracement.
Stop loss: 1.3842
Why we like it:
There is a pullback support level that lines up with thee 61.8% Fibonacci retracement.
Take profit: 1.4061
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
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USD/CAD Recovery Faces First TestPrice marked an outside-weekly reversal off key support last week with USD/CAD rallying more than 1.9% off the lows. The advance is now testing initial resistance hurdles at 1.3962/97 - a region defined by the 52-week moving average, the 2022 swing high, and the 23.6% retracement of the yearly range.
The immediate focus is on a reaction off this mark with key resistance eyed just higher at the 38.2% retracement near 1.4150 . Note that the March channel line converges on this threshold over the next few weeks and a breach / close above would be needed to suggest a more significant low as registered last week / a larger trend reversal is underway. Subsequent resistance objectives seen at the high-week close (HWC) at 1.4292 and the 2025 yearly open at 1.4383 .
Initial weekly support rests at the 1.39 -hande with key support unchanged at 1.3729/95 - a region defined by the 38.2% retracement of the 2021 advance and the 61.8% retracement of the late-2023 advance. A break / weekly close below this pivot zone would threaten another bout of accelerated declines with initial support objectives seen at 1.618% extension of the February decline / 78.6% retracement at 1.3504/23 .
Bottom line: USD/CAD has responded to confluent uptrend support with the recovery now testing initial resistance- risk for possible price inflection here. From a trading standpoint, losses should be limited to the 1.39-handle IF price is heading higher on this stretch with a close above this pivo zone needed to fuel the next leg of the advance. Watch the weekly closes for guidance here.
-MB
USD/CAD SHORT FROM RESISTANCE
USD/CAD SIGNAL
Trade Direction: short
Entry Level: 1.398
Target Level: 1.366
Stop Loss: 1.420
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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USDCAD Analysis⚠️ Market shift alert!
Due to the new trade agreements with China, the USD may strengthen 💪
Our previous short idea from this level was invalidated as price broke without a signal ❌
Now we’re waiting for a pullback to go long from the new support zone 📈
For detailed entry points, trade management, and high-probability setups, follow the channel:
ForexCSP
USDCAD BUY TRADE PLAN🔥 USD/CAD TRADE PLAN 🔥
📅 Date: May 12, 2025
📋 TRADE PLAN OVERVIEW:
Item Value
Type Swing Trade
Direction Buy
Confidence ⭐⭐⭐⭐✨ (88%)
Risk:Reward 3.7:1
Status Waiting for retrace trigger
Guidance Fresh D1-H4 bullish breakout of consolidation range. Ideal setup: pullback into OB + FVG at 1.3930–1.3950 for long continuation.
📈 MARKET BIAS & TRADE TYPE:
Section Details
Bias Bullish 📈
Trade Type Breakout-Pullback Entry
🔰 CONFIDENCE LEVEL: ⭐⭐⭐⭐✨ – 88%
Confluence Factors:
* D1 Breakout from Double-Bottom Base: 25%
* H4 Strong Bullish Structure + Volume: 20%
* FVG & Demand Block Below Current Price: 18%
* USD Strength (macro tailwinds): 10%
* Crude Oil Pressure → CAD Weakness: 10%
* No bearish divergences on RSI/MACD: 5%
📍 ENTRY ZONES:
Zone Type Price Range Justification
🟩 Primary Buy Zone 1.3930–1.3950 H1-H4 demand zone (OB + FVG overlap)
🟨 Secondary Zone 1.3900–1.3915 Deeper pullback; 61.8% retrace + prior HL
❗ STOP LOSS
📍 SL = 1.3890
* Below secondary OB and structural invalidation
* 1.5x ATR (H1) protection buffer
🎯 TAKE PROFITS
TP Target Details
TP1 1.4030 Intraday liquidity high + minor resistance
TP2 1.4085 H4 clean swing top level
TP3 1.4150 March confluence resistance (D1 FVG gap close)
📏 RISK:REWARD
* TP1: ~2.0:1
* TP2: ~3.7:1
* TP3: ~5.2:1
✅ Excellent multi-tier scaling potential
🧠 MANAGEMENT STRATEGY
* Risk: 0.75%–1.0% depending on confirmation
* Move SL to BE after TP1 hit
* 50% close @ TP1, 30% @ TP2, 20% trailing toward TP3
* Full exit if H1 closes below 1.3890
⚠️ CONFIRMATION CRITERIA
✅ Wait for:
* Rejection wick / bullish engulfing from 1.3930–1.3950
* No entry if price consolidates sideways or rallies without retest
* Optional add-on: M15 demand confirmation (LTF liquidity sweep + flip)
⏳ VALIDITY
Trade Scope Duration Expiry Condition
Swing 48–96 hrs Invalid if price closes below 1.3890
❌ INVALIDATION
* Breakdown below 1.3890 (structure breach)
* DXY sharp reversal or risk-off fading
* CAD strength return via oil or BoC commentary
🌐 FUNDAMENTAL CONTEXT
Macro Driver Status
USD Strength Intact – Fed tone + inflation firm
CAD Weakness Oil soft, BoC neutral
Risk Sentiment Mildly risk-on (neutral to bullish bias)
Cross Support USDCAD, USDJPY, USDCHF all bullish
📊 Sentiment Score: +8.1 / 10
📋 FINAL TRADE SUMMARY
USDCAD has executed a clean structural breakout on H4/D1, signaling trend transition. With macro USD support and weakening CAD fundamentals, a pullback into demand at 1.3930–1.3950 will offer an elite continuation long with tight structure and high reward-to-risk.
USDCAD Analysis: Three Bounce ScenariosHello traders!
USDCAD is offering three trading scenarios on the daily timeframe.
The first scenario suggests the pair may react bullishly from the currently approached zone, setting up a bounce opportunity that could drive price higher toward the 1.41600 area.
The second scenario anticipates a bounce toward the 1.37586 region, where a mean reversion setup may come into play (if buyers step in and price action confirms bullish intent near that support).
The third scenario anticipates a bounce toward the 1.34150 region, where a mean reversion setup may come into play (if buyers step in and price action confirms bullish intent near that support).
Discretionary Trading: Where Experience Becomes the Edge
Discretionary trading is all about making decisions based on what you see, what you feel, and what you've learned through experience. Unlike systematic strategies that rely on fixed rules or algorithms, discretionary traders use their judgment to read the market in real time. It's a skill that can't be rushed, because it's built on screen time, pattern recognition, and the ability to stay calm under pressure.
There's no shortcut here. You need to see enough market conditions, wins, and losses to build that intuition—the kind that tells you when to pull the trigger or sit on your hands. Charts might look the same, but context changes everything, and that's something only experience can teach you.
At the end of the day, discretionary trading is an art, refined over time, sharpened through mistakes, and driven by instinct. It's not for everyone, but for those who've put in the work, it can be a powerful way to trade.
Bullish bounce off 38.2% Fibonacci support?The Loonie (USD/CAD) is falling towards the pivot and could bounce to the 1st resistance, which has been identified as a pullback resistance.
Pivot: 1.3904
1st Support: 1.3840
1st Resistance: 1.4063
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.