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USDCAD trade ideas

Bullish bounce off overlap support?USD/CAD is falling towards the support level which is an overlap support and could bounce from this level to our take profit. Entry: 1.3945 Why we like it: There is an overlap support level. Stop loss: 1.3852 Why we like it: There is a pullback support level that lines up with the 127.2% Fibonacci extension. Take profit: 1.40944 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
USDCAD: Retesting the support zoneWelcome back! Let me know your thoughts in the comments! ** USDCAD Analysis ! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Welcome back! Let me know your thoughts in the comments!
Long
by OGT_Forex
COT Data at Extremes: A Short Setup in the Making?OT Report Insights: Preparing for a Short The upcoming COT report will be pivotal. If large speculators show signs of taking profits, I’m planning a short entry next week. Here’s why: Positioning at Extremes: Despite speculators adding longs for 10+ consecutive weeks, we’re now hovering around the 52-week high in contracts. Such extreme levels often signal potential for a reversal or significant market moves. Timing Is Everything: It’s not about jumping in immediately but waiting for the right moment and the ideal setup. The plan is straightforward: analyze the next COT report, confirm if speculators are scaling back, and act decisively when the conditions align.
Short
by OssianH
1
Are You Trading the Right Zones?Understanding key areas like demand zones, liquidity grabs, and volume profile levels is crucial for consistent success in trading. Here's how I approach them: 1️⃣ Liquidity Grabs: I wait for the market to grab liquidity from obvious levels. Why? It’s often a signal of institutional players stepping in. 2️⃣ Demand and Supply Zones: These zones are where price historically reverses. Identifying them helps me anticipate high-probability setups. 3️⃣ Volume Profile Insights: Volume tells a story! Zones with strong volume usually act as magnets, drawing price back for a reaction. 🔑 Pro Tip: Patience is key. Wait for confirmation at these levels instead of rushing into a trade. 💬 Let me know—what tools do you use to identify your trade zones?
by Safaric
USDCAD - Can Confluence Of Support Hold?20SMA - Blue 200SMA - Pink Key Confluence Areas - Grey Lines Market Structure Support/Resistance - Green/Red Dashed Lines Dear Friends: If you find my analysis helpful, please boost and follow me for future analysis at your service. How I see it: If support holds, we could witness a strong extension of the bull trend... The 4HR 200SMA is rising, monitor price (re-)action closely. I deeply appreciate you taking the time to study my analysis and point of view. Keynote! The most important to consider always, before you leap: When you jump in the river, make sure you swim "WITH" the current.
Long
by ANROC
Potential bullish bounce off pullback support?The Loonie (USD/CAD) is currently reacting off the pivot and could rise to the 50% Fibonacci resistance. Pivot: 1.4012 1st Support: 1.3951 1st Resistance: 1.4093 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
The Next Big USD/CAD Move—Are You Positioned for Wave 5?Key Structure Levels: Current Price Zone: 1.4699 Major Resistance Levels: 2.17757 (1.236 Extension - Volume Divergence by Wave 5): Key target for Wave 5 progression. 2.55985 (1.618 Extension - Diagonal Wave 5): Long-term supercycle target. 1.61850 (Inducement Wave 3): Potential reversal or short-term target. Major Support Levels: 1.20068 (Swing Low - Wave 2): Key bullish invalidation zone. 0.90370 (Wave 1 Low): Historical accumulation zone and invalidation point. Wyckoff & Elliott Wave Analysis: Wave Structure: Wave 1: Formed after accumulation, setting the bullish trend foundation. Wave 2: Retraced shallowly to 0.61–0.75 Fibonacci levels (bullish validation). Wave 3: Strong breakout above 1.61850, reaching inducement levels with buy-side liquidity targets cleared. Wave 4: A shallow corrective structure (dealing range between 1.200–1.61850). Wave 5 (Projection): TP1: 2.17757 (1.236 Fibonacci) TP2: 2.55985 (1.618 Fibonacci) Invalidation Point: If price breaks below Wave 1 at 0.90370, bullish thesis fails. Buy-Side Liquidity Sweep: 1.61850: Likely area of stop-loss and limit order placements for liquidity collection before Wave 5 continues upward. Trading Plan: Entry Strategy: Look for pullbacks near 1.20068–1.61850 to build long positions. Confirmation of Wave 3 continuation with a strong close above 1.61850 validates entries targeting higher resistance. Take Profit (TP) Levels: TP1: 2.17757 (1.236 Extension). TP2: 2.55985 (1.618 Extension). Stop-Loss Placement: SL1: Below 1.20068 (Wave 2 Low) for conservative setups. SL2: Below 0.90370 (Wave 1 Low) for higher timeframe setups. Key Keywords for Presentation: USD/CAD Elliott Wave Analysis Wyckoff Accumulation to Supercycle Wave 5 Target at 2.55 USD/CAD Trading Plan: TP, SL, Entry Strategy 12M USD/CAD Forecast Commentary: Bullish Bias: Long-term bullish cycle supported by Elliott Wave and Wyckoff principles. Expect price to clear liquidity zones as it targets higher Fibonacci extensions. Bearish Risk: A breach below Wave 1 Low (0.90370) invalidates the current bullish cycle and could signal deeper correction or trend reversal.
Long
by spaceangel
5
USD/CAD INSANE 22 Year Cup & Handle about to explode higherWith this week's announcement of 25% duties on MX & CA one would do well to survey the markets for opportunities. What better way to push through a trade of this nature than the FX markets?! The first thing to check in any FX trade is rate differentials: CA 10Y: 3.22% US 10Y: 4.27% MX 10Y: 9.99% The carry trade dictates we want to be long the currency with a higher yield, and our suspicion given tariffs tend to strengthen the country levying tariffs means we want to be long USD. MX offers a much higher yield so that would offset the potential in taking a short position on USD/MXN. CA on the other hand has a modest 1% discount to the US 10Y bond. Moreover, rates in the US look fairly steady, and pressure from the tariffs could cause CA to cut in support of its economy. A technical inspection of USD/CAD shows a staggering 22 year cup and handle formation on the pair. Now could be the right time to accumulate a leveraged FX position, as this trade could have years ahead of it with the advent of a 4 year Trump term.
Long
by quickshiftinn
2
USDCAD Elliott Wave AnalysisHello friends, We are witnessing a 5-wave impulse pattern in the USDCAD currency pair. Waves 1 to 4 have been completed. Wave 3 has 5 complete subwaves. Wave 5 also has 4 complete subwaves and wave 5 of 5 has started to complete. So, according to the above theory, we can enter a buy position with a stop loss of 1.39300. The profit limit can also be considered 1.4200, which is also the density of Fibonacci levels. To support me, I recommend installing the Trading View software on your phone and see my analyses and support me with your comments and Boost. Be successful and profitable.
Long
by M_Gheysvandi
1
Limit Buy USDCADWe Are clearly still Long also we have some space until reaching the "Discount" Zone where I aim shorting howver until then The Trend Is Your Friend I have micro tuned and managed the Setup to have the optimal RR while still maintaining logical and valid positioning. Important is that my TP is not yet engraved in Stone meaning I have to react to how the market evolves until entry gets triggered but until then we will definatly be Break Even Check my latest Trades to see results ;) Happy Profits
Long
by Juma17
USDCAD Massive Short! SELL! My dear subscribers, This is my opinion on the USDCAD next move: The instrument tests an important psychological level 1.4123 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.4047 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
3
1-hr USD/CAD: Strong Bullish Momentum The announcement of new Trump tariffs targeting Canada caused the USD/CAD pair to surge by 200 pips in a single day. From a technical standpoint, a Golden Cross has emerged—a strong buy signal. This classic pattern occurs when a short-term moving average crosses above a longer-term moving average, signaling that buyers are in control. A short-term pullback was anticipated, and it is now materializing. The price attempted to test the critical 61.8% Fibonacci retracement level but rebounded upward. Traders looking to capitalize on the robust uptrend could aim for a better risk-to-reward ratio by waiting for a dip below 1.4050. This level aligns with the 50% Fibonacci retracement, offering a potentially lower entry point to position for further gains. This scenario highlights the interplay of market sentiment and technical signals, emphasizing the importance of strategic timing for optimal trade setups.
Long
by Trendsharks
USDCAD Analysis - Long Setup - Trendline PlayI have been activated in a long position on USDCAD. Here’s my reasoning: The downward trendline has been broken, as confirmed by a candle body close above it. The upward trendline is still intact, suggesting potential bullish continuation. Trade Details: Entry Point: At the 1-hour resistance zone. Stop Loss: Placed below the upward trendline and the recent lower low for added protection. Target: Aiming for the daily high as the primary take-profit level. This setup aligns with my strategy for trading trend reversals and continuations.
Long
by PipShiesty
USDCAD H4 | Bullish ContinuationBased on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.4028, which is a pullback support close to 61.8% Fibo retracement. Our take profit will be at 1.4028, a pullback resistance. The stop loss will be placed at 1.3953, which is a pullback support level. 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘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 FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM