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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

USDCADHello Traders! What are your thoughts on USD/CAD? After its recent decline, USD/CAD has reached the bottom of the descending channel and a key support zone. This area may act as a strong support, and we expect a bullish reaction from here. We anticipate a bounce from this support zone, with the price potentially rising at least toward the specified target level. Will USD/CAD hold the support and rebound, or break lower? Share your thoughts below! Don’t forget to like and share your thoughts in the comments! ❤️
Long
by HAMED_AZ
26
USD/CAD Breakout Pattern (15.04.2025)The USD/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 1.4034 2nd Resistance – 1.4131 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Long
by KABHI_TA_TRADING
19
#USDCAD: We took the Swing Sell, Now let's focus on Swing Buy! The USD/CAD exchange rate experienced a significant decline, reaching its all-time high against the USD. This decline is primarily attributed to the ongoing trade dispute between China and the United States, which has led to a depreciation of the USD and resulted in a yearly low. However, we anticipate a potential reversal in the price trajectory. We identify a favourable area where the price may stabilise and address the liquidity gap it has created. We have established three targets, and to effectively utilise these targets, we recommend executing small entries with each target set based on a predetermined take-profit level. We extend our sincere gratitude for your unwavering support throughout this journey within this community. Additionally, we appreciate the contributions of each individual who has supported our endeavours. We are pleased to announce that we have garnered 20,000 followers. Much Love, Team Setupsfx_ ❤️🚀
Long
by Setupsfx_
12
USDCAD → Weak dollar provokes continuation of downtrendFX:USDCAD under the pressure of a weak dollar and downtrend may renew its lows. The fundamental background for the dollar is weak, the market reacts accordingly. The dollar continues to fall - a reaction to the tariff war. Besides, additional pressure is created by the issue of interest rates reduction. The currency pair is under the pressure of the downtrend. After a false resistance breakout, the price is consolidating in the selling zone. The trend change is confirmed by the cascade of resistances. Emphasis on the local range 1.4245 - 1.42018. The price exit from the consolidation will provoke the continuation of the fall Resistance levels: 1.4245, trend boundary Support levels: 1.4202, 1.415 Possible retest of resistance before further decline. But the price exit from the current range and consolidation of the price below 1.4202 - 1.4205 will provoke the growth of sales and further fall to 1.405 (zone of interest). Regards R. Linda!
Short
by RLinda
6
#USDCAD: Two Big Target Accumulating of 800+ Pips! **USDCAD ** Following the US President’s decision to impose a 25% tariff rate on Canada, the USD/CAD exchange rate experienced a significant surge, reaching approximately 1.49. However, as the market has stabilised, we anticipate a gradual decline in the exchange rate, which may help bridge the liquidity gap. Two prominent red lines serve as potential entry and stop-loss points. Additionally, two designated targets are set as swing take-profit areas. We appreciate your unwavering support. Should you have any inquiries regarding the strategy or any trading-related questions, please do not hesitate to provide feedback. Team Setupsfx_
Short
by Setupsfx_
8
USDCAD - Long-Term Long!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈USDCAD has been overall bullish from a macro perspective trading within the rising blue channel. This week, USDCAD has been in a correction phase trading within the falling red channel. Moreover, the green zone is a strong resistance turned support. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower red/blue trendlines acting non-horizontal support. 📚 As per my trading style: As #USDCAD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich 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 TheSignalyst
3
WHY USDCAD IS DROPPING ?? DETAILED ANALYSISUSDCAD is currently reacting from a strong daily supply zone after a sustained upside move, and we are now seeing clear signs of bearish structure forming. Price has broken through multiple short-term supports and is now trading around the 1.38600 level, sitting right above a key demand zone that held in late 2023. Given the aggressive sell-off and rejection from the 1.43400–1.44500 resistance range, the market appears to be preparing for a deeper retracement. My bearish target is 1.34600, which aligns with the previous major demand level and psychological support. Technically, the chart shows two strong bearish engulfing moves from supply, followed by lower highs and lower lows. This shift in structure combined with repeated rejections from resistance zones indicates the momentum is shifting in favor of sellers. If the current zone fails to hold on the retest bounce, we could see a strong continuation leg down. I expect a minor correction toward 1.41600 before further downside resumes, offering an ideal risk-reward short setup for swing traders. From a fundamental perspective, the Canadian Dollar remains firm, supported by strong crude oil prices as WTI holds above $85 amid geopolitical tensions and production cuts. At the same time, recent U.S. data has shown mixed signals, with sticky inflation keeping the Fed cautious, but slowing job growth and consumer spending raising concerns. If oil prices remain elevated and Fed rate cut expectations increase later this quarter, the USDCAD pair is likely to stay under pressure. With CAD strength driven by energy markets and the USD facing headwinds from softening macro indicators, this setup aligns both technically and fundamentally for a bearish continuation. I’ll be watching for clean rejections from the 1.40000–1.41600 resistance zone before loading more shorts toward 1.34600. Patience is key — this could be a high-probability move in the coming weeks.
Short
by AndrewsMarket-Mastery
3
3 Tips to Make Trading EasierTrading is such a strange beast—both extremely difficult and unparalleled in its simplicity. Sometimes, we find ourselves floating in effortless flow. Other times, we’re stuck in a storm of confusion, frustration, or overconfidence. And it’s in these oscillations—the swing between extremes—where the true difficulty lies. On one end, we show the market less respect than it demands. On the other, we freeze in fear or get swept away in frustration and rage. Managing these extremes is part of the trader’s job. Managing them well… is an art form. Here are 3 foundational tools that have helped me: ⸻ 1. Find. Your. Rhythm. Each of us is wired differently. Our biochemistry, personality traits, and preferences are all unique—and they absolutely affect how we trade. Some traders thrive on high-frequency scalping. Others wait patiently for a single swing setup. Some feel energized after 6 hours of screen time. Others burn out after one intense hour. If you don’t understand your personal rhythm, you’ll constantly be misaligned—not just with your strategy, but with your life. Workaholics may get bored and start forcing trades. Laid-back traders may overcommit and burn out fast. Rhythm isn’t just about preference—it’s about sustainability. ⸻ 2. Practice Tolerating Discomfort. Trading is uncomfortable. Let’s be real—90% of it ranges from mildly uneasy to outright agonizing. Practicing discomfort outside of trading has made a huge difference for me: Cold plunges. Sadhu boards. Early morning wake-ups. Cardio. Even practicing restraint during family arguments. These things teach you to sit with that gnawing feeling and not act impulsively. They train your nervous system to stay stable under pressure. Trading may not get “easier,” but your capacity for difficulty increases—so it starts to feel easier. ⸻ 3. Plan Is Everything. Trading becomes way simpler when you just show up to execute a plan. If your plan says there are no trades today—then walk away. If your plan says take two trades—then take them. Win or lose, outsource the result to the plan, not to your self-worth. Then, at the end of a set period (ideally written into the plan), review your execution. Were you compliant? What can be adjusted? A good plan + rhythm alignment + discomfort tolerance = consistency. ⸻ Trading is obviously more complex than three bullet points can capture—but the foundation you can build from these is immense. Thanks for reading. Happy trading. —Lightwork_
Education
by Lightwork_
1
Heading into pullback resistance?The Loonie (USD/CAD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 61.8% Fibonacci retracement. Pivot: 1.4389 1st Support: 1.3951 1st Resistance: 1.4505 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.
Short
by ICmarkets
1
Could the Loonie bounce from here?The price is currently at the pivot which is an overlap support and could bounce to the 1st resistance. Pivot: 1.3876 1st Support: 1.3602 1st Resistance: 1.4147 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.
Long
by ICmarkets