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USDCAD trade ideas

Bearish drop?USD/CAD has bounced off the support level which is a pullback support that lines up with the 138.2% Fibonacci extension and could potentially rise from this level to our take profit. Entry: 1.645 Why we like it: There is a pullback support level that lines up with the 138.2% Fibonacci extension. Stop loss: 1.3624 Why we like it: There is a support level at the 100% Fibonacci projection. Take profit: 1.3689 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. 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 Analysis Today: Technical and Order Flow Analysis !In this video I will be sharing my USDCAD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
by Transparent_Fx_Academy
3
USDCAD Preparing for Major Breakout? | Key Levels + SetupUSDCAD is currently trading just below a key breakout zone at 1.36991, with strong demand holding the 1.36000 - 1.36800 range. --- 🔶 Technical Analysis: ✅ Support Zone (Demand): The 1.3600 - 1.3680 region has acted as a strong base for several weeks now, with repeated tests and rejections confirming institutional interest. ✅ Resistance to Watch: 1.36991 – immediate breakout level 1.39744 – mid-range target 1.42591 – major supply/TP2 area 🟣 Volume Profile & LuxAlgo S&D: Visible range & LuxAlgo show accumulation in the current zone, signaling a possible bullish reversal. Volume is increasing at key levels. 📉 Recent downtrend may be exhausted, as price forms a base and shows signs of strength from buyers. --- 🧠 Trade Idea: 🎯 Breakout Buy Setup: Entry: Above 1.3700 (confirmation of breakout) TP1: 1.3974 TP2: 1.4259 SL: Below 1.3640 (below demand zone) 📊 RR Ratio: ~1:2.5 --- ⚠️ Watch This: 📅 Upcoming USD news (marked below chart) could act as a catalyst 💥 Breakout above 1.3700 with volume = potential strong bullish rally --- 📌 Summary: USDCAD is consolidating in a high-demand area. A break above 1.3700 may trigger a bullish continuation targeting 1.3974 and possibly 1.4259. Patience and confirmation are key. 🚀 Are you watching this setup too? Drop your thoughts below! #USDCAD #Forex #Breakout #LuxAlgo #SmartMoney #TradingView #PriceAction #4HSetup #ForexSignals
Long
by FrankFx14
USDCAD INTRADAY downtrend resistance at 1.3750The USDCAD currency pair continues to exhibit a bearish sentiment, aligned with the broader downtrend. Recent price action suggests a corrective pullback is underway, testing previous resistance zones. Key Resistance Level: 1.3750 — This marks a significant intraday consolidation area. A rejection at this level would reinforce bearish momentum. Support Targets: If price fails to break above 1.3750 and turns lower, potential downside targets include: 1.3640 (near-term support) 1.3580 (intermediate support) 1.3530 (longer-term support) On the bullish side, a confirmed breakout and daily close above 1.3750 would invalidate the current bearish bias. In that case, upside resistance levels to watch are: 1.3800 (psychological level) 1.3860 (major resistance zone) Conclusion: USDCAD remains technically bearish unless it achieves a sustained break above 1.3750. Traders should watch for a rejection at this key level to confirm further downside potential. A breakout above would shift the outlook to bullish, targeting higher resistance zones. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
USD/CAD Holds Near 2025 LowUSD/CAD Holds Near 2025 Low When we last analysed the USD/CAD chart on 4 June, we identified a descending channel that remains relevant. On 5 June, the pair reached a new low for 2025, and it is possible that bears will attempt to extend this move further over the course of the month. Why is USD/CAD declining? The Canadian dollar appears to be strengthening amid speculation that a trade agreement between the US and Canada could be finalised soon — possibly on 15 June, when the G7 summit is due to be held in Canada. Media reports highlight several indicators supporting this view: → Prime Minister Mark Carney stated that Canada will meet its NATO spending target of 2% of GDP. → Canada refrained from retaliatory tariffs on steel and aluminium. → The US ambassador to Canada confirmed that “secret” negotiations are ongoing. Technical Analysis of the USD/CAD Chart Note that the R-line, which divides the lower half of the descending channel into two equal parts, acted as resistance — price reversed downward from this line and accelerated lower (as indicated by the arrow). This reinforces the view that bears currently dominate the USD/CAD market. For now, the 1.3650 level appears to be a support zone for bulls, but its strength may be tested today as markets react to US inflation data. The Consumer Price Index (CPI) report is scheduled for release today at 15:30 GMT+3. Be prepared for potential spikes in volatility. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
USDCAD Trade Signal – BUY NOW Entry Point: 1.36780USDCAD Trade Signal – BUY NOW Entry Point: 1.36780 🎯 1st Target: 1.37000 🎯 Final Target: 1.37300 📈 Bullish momentum spotted on USDCAD 📊 Strong support at 1.3670 holding firm 🟢 Clean upside potential for short-term traders 🔍 Technicals show breakout confirmation 🧠 Risk Management is Crucial 📉 Recommended Stop-Loss: Below 1.36550 ⚖️ Risk only 1–2% of your capital 🛑 No overleveraging — protect your account 💼 Ideal setup for intraday/swing traders 🧭 Let the market come to you 📌 Set alerts, stay focused 🕒 Be patient, follow your plan 🔁 Don’t chase, execute with precision 📢 Trade smart, trade safe! 💬 Drop your thoughts or results below 👇
Long
by GoldTradersEdge
Bearish reversal off 61.8% Fibonacci resistance?USD/CAD is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.3703 Why we like it: There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement. Stop loss: 1.3740 Why we like it: There is a pullback resistance level. Take profit: 1.3644 Why we like it: There is a pullback support 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.
Short
by VantageMarkets
Can 1.3633 Construct a Bottom?The USD/CAD exchange rate continues to maintain a (sideways) pattern, currently trading around 1.37. Although the US dollar is fundamentally supported by the boost from the US non-farm payroll data and the optimistic expectations of trade negotiations in major economies, the overall market sentiment remains cautious. The Canadian dollar is supported by the strengthening of crude oil prices, and the exchange rate trend presents a complex pattern of mixed long and short positions. In the short term, if the exchange rate can effectively break through 1.3800 and stabilize above this level, it will open up further upward space. The next targets may point to the middle track of Bollinger Bands at 1.3823 and the previous platform resistance area at 1.3900. However, if it is blocked again at the 1.3800 line and falls back, it will increase the market expectation of "making a new low after a technical rebound". At that time, the supports will focus on 1.3640 and the low point of 1.3633. If the latter is broken, it will open up the downward space to 1.3600 or even 1.3550. Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
Long
by Ashbur
Oil's Volatility Meets Fed's Patience: A Path to 1.3643?USDCAD – Oil's Volatility Meets Fed's Patience: A Path to 1.3643? 🌍 Macro Landscape: Diverging Monetary Paths & Oil's Influence The USDCAD pair is currently navigating a complex environment shaped by diverging central bank policies and the significant influence of crude oil prices. While the Federal Reserve is signaling a "higher-for-longer" interest rate stance due to sticky inflation, the Bank of Canada (BoC) is in a more nuanced position, balancing inflation control with economic growth. This divergence creates a fundamental tailwind for the USD. However, Canada's economy is heavily tied to commodity prices, especially crude oil. Recent volatility in oil markets can exert significant pressure on the Canadian dollar. If oil prices remain subdued or face downward pressure, it could exacerbate the CAD's weakness against the USD, amplifying the impact of policy divergence. 🏦 Central Bank Policy Divergence: Fed's Firmness vs. BoC's Caution Federal Reserve: FOMC members continue to signal patience on rate cuts. Recent inflation data (PCE, CPI) shows persistent price pressure, particularly in the services sector, reinforcing the Fed's hawkish bias. This suggests the USD may retain its strength as higher rates attract capital. Bank of Canada: The BoC, while having taken aggressive steps previously, might be more cautious in its future rate decisions. Any dovish undertones or hints at pausing rate hikes could weaken the CAD. Conversely, a resurgence in inflation or stronger economic data could prompt the BoC to maintain a firm stance. This policy divergence, coupled with external factors like commodity prices, creates a fertile ground for significant moves in USDCAD. 🌐 Capital Flows: Safe-Haven Dynamics and Commodity Impact Global capital flow models indicate a shift towards the US dollar as a preferred safe haven amidst geopolitical tensions and global economic uncertainties. While Gold remains a traditional hedge, the USD's yield advantage makes it an attractive destination for institutional capital. For CAD, its sensitivity to commodity prices means that capital flows are heavily influenced by the outlook for global growth and energy demand. A softening global economic outlook could lead to reduced demand for commodities, weighing on the CAD, and potentially driving inflows into USD-based assets. 📊 Technical Structure: Channel Breakdown & Bearish Momentum Towards 1.3643 On the H1 chart (as observed from the provided image): Price Channel: USDCAD has been trading within a clear ascending channel. However, the price recently broke below the lower boundary of this channel, suggesting a potential shift in momentum from bullish to bearish. Moving Averages: The price has moved below the EMA 13 – 34 – 89. This bearish alignment (EMA "fan-out formation" in reverse) confirms a short-term bearish momentum is building. The 200 EMA (red line) is currently acting as a key resistance level, near the prior support turned resistance. Key Resistance (Sell Zone): The region around 1.36989 (aligning with previous support and possibly a Fibonacci retracement level) is now acting as a crucial resistance. Any retest of this zone, especially with bearish candlestick patterns, could offer selling opportunities. The 200 EMA reinforces this zone as a strong overhead barrier. Key Support (Target Zone): The price is projected towards 1.36431. This level aligns with a strong prior support and also coincides with the Fibonacci Extension 1.382 level from a previous swing, making it a high-probability target for bearish moves. A bounce from 1.36734 (a mid-channel support or Fibonacci level) could offer a temporary reprieve, but the overall technical structure points to the lower target. 🎯 Trade Strategy Recommendations Scenario 1 – Sell the Pullback (Preferred): Entry: 1.3685 – 1.3695 (retest of broken channel line/resistance near 1.36989, possibly confluence with 200 EMA). Stop-Loss: 1.3720 (above recent swing high/channel top). Take-Profit: 1.3673 (initial target) → 1.3643 (main target) → 1.3620. Scenario 2 – Breakout Momentum Sell (if price consolidates below 1.3673): Entry: 1.3670 (break below 1.36734 with strong bearish momentum). Stop-Loss: 1.3690. Take-Profit: 1.3643 → 1.3620. ⚠️ Key Events to Watch: US PCE Price Index (upcoming data): If hotter-than-expected, this would reinforce the Fed’s hawkish tone and lift USD. Canadian CPI (upcoming data): Cooler-than-expected inflation could prompt a more dovish stance from the BoC, weakening CAD. Crude Oil Inventory/News: Any significant news or data regarding global oil supply/demand can directly impact CAD.
Short
by MMFlowTrading
1
USDCAD SHORT FORECAST Q2 W24 D10 Y25🔥👀USDCAD SHORT FORECAST Q2 W24 D10 Y25 TECHNICAL HOTPICK ! 💥💥 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. 💡Here are some trade confluences📝 ✅4H order block rejection ✅HTF 50 EMA ✅Intraday bearish breaks of structure to be identified ✅15’ order block identified 🔑 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
Bearish reversal off pullback resistance?The Loonie (USD/CAD) is rising towards the pivot and could drop to the 1st support whcih is a pullback support. Pivot: 1.3733 1st Support: 1.3650 1st Resistance: 1.3793 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
USD/CAD - Channel Breakout (10.06.2025)The USD/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Channel 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 – 1.3757 2nd Resistance – 1.3792 🎁 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. 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 KABHI_TA_TRADING
35