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USDCAD trade ideas

USD/CAD: Signs of a bottom as bulls fight backTuesday’s bullish move in USD/CAD has delivered a signal often seen at bottoms, taking out several key technical resistance levels in the process, including the December 2023 uptrend. With bearish momentum starting to reverse, upside risks look to be building. Those in the market for a long setup could initiate positions around these levels with a stop beneath 1.3650 for protection. Tuesday’s high of 1.3693 now stands as an important near-term level. A break above opens the door to the June 10 high at 1.3728 as one potential target, along with 1.3750. If either level is hit, reevaluate whether to hold, cut or reverse, given the setup runs counter to the broader trend. Good luck! DS
Long
by FOREXcom
USDCAD POTENTIAL LONG OPPORTUNITY...HISTORY REPEATS ITSELFHey hey TradingView fam! It has been a minute (more like months lol) since I've done a post on here for you guys so just wanted to come on and drop an potential swing trade opportunity I see on the USDCAD currency pair! So let's get straight to it OK so it is pretty straight forward (at least in my eyes) but as you can see on the chart USDCAD is coming into a weekly demand zone. IF you are unfamiliar with what a "demand zone" is it is actually very simple. Think of it this way...a buyer zone/area. Literally simple as that. It is a previous zone that a buyer was interested in before. How do we know that? One of the most incredible thing about the charts is that it is like a receipt. It shows the transactions that have taken place. SO...when we look left back @ the 1.3600 price handle we can see that there was aggressive buying that took place here. How do we know? THE CHART LITERALLY ROSE/SKYROCKETED FROM THIS LEVEL. Ever heard of the phrase history repeats itself? It is ESPECIALLY true in the markets! OK so hopefully you guys got some nuggets from this post was more of a psychological breakdown than anything but truly want to help those of you who may see the charts as this complicated phenomena to realize that it is actually so so simple. And my main goal is to make trading simple again. Love & appreciate you all! Thanks for tuning in! If you found some value in this please boost this post & follow my page for accurate analysis and simple trading! Cheers!
Long
by JosePips
Potential bullish rise?USD/CAD has reacted off the resistance level and could rise from this level to our take profit. Entry: 1.3603 Why we like it: There is a pullback resistance level. Stop loss: 1.3540 Why we like it: There is a pullback support level. Take profit: 1.3704 Why we like it: There is an overlap resistance level that lines up 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 LONG FORECAST Q2 W25 D17 Y25 12:18 GMT UPDATEUSDCAD LONG FORECAST Q2 W25 D17 Y25 12:18 GMT UPDATE 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📝 ✅1H order block ✅HTF 50 EMA ✅Intraday bullish 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
Long
by JCFRGNT
Oil Rises, Canadian Yields Surge: Can USD/CAD Rebound?USDCAD 17/06 – Oil Rises, Canadian Yields Surge: Can USD/CAD Rebound? After a significant drop to the 1.355x area, USD/CAD is showing early signs of recovery. However, the pair remains influenced by strong macro headwinds—particularly oil prices and Canadian monetary policy signals. 🌐 Macro & Sentiment Overview WTI crude oil is rising due to ongoing tensions between Israel and Iran, which increase the risk of global supply disruptions. This supports the Canadian Dollar (CAD) as a commodity-linked currency. Canada’s 10-year bond yields have reached their highest levels in 5 months (~3.4%), reinforcing expectations that the BoC may remain hawkish in the near term. USD weakens slightly as traders await more clarity from the Federal Reserve about the next rate cut timeline, potentially in Q3. 📊 Technical Analysis (M30 Chart) Price is printing higher lows above the key trendline. EMAs 13–34–89 are tightening → sign of sideways pressure before breakout. Short-term bullish channel still intact. Key resistance zones: 1.3581 and 1.3605. 🎯 Trade Setup Scenarios 📈 Long Scenario Entry: 1.3556 – 1.3560 (trendline bounce) Stop Loss: 1.3535 Take Profits: 1.3581 → 1.3605 ✅ Wait for M30/H1 confirmation like bullish engulfing or price-action breakout. 📉 Short Scenario Entry: 1.3605 (if price rejects resistance) Stop Loss: 1.3630 Take Profits: 1.3581 → 1.3556 ⚠️ Trigger only on bearish rejection with strong candle and volume at resistance. 📌 Strategic Outlook USD/CAD is caught in a tug-of-war: stronger Canadian fundamentals (oil + yields) vs. cautious USD movement post-FOMC. If oil prices and Canadian yields continue to climb, CAD may remain in favor. However, short-term technical rebounds toward 1.3600 remain valid if price structure holds.
Long
by MMFlowTrading
USD/CAD)) Bearish Trand analysis Read The captionSMC trading point update Technical analysis of USD/CAD on the 3-hour timeframe, using Smart Money Concepts (SMC) and classic technical analysis. Here's a breakdown --- Key Technical Insights: Overall Trend: The pair is in a clear downtrend, confirmed by: Lower highs and lower lows Price trading below the 200 EMA (currently at 1.37402) Respect for the downtrend channel --- Resistance Zones: 1. Upper Resistance Zone (~1.38400 – 1.38750): Strong historical sell area (price sharply reversed here in late May) 2. Mid Resistance Zone (~1.36450 – 1.36750): Price reacted twice here and dropped. Aligns with the downtrend line and was recently tested again (red arrow). --- Bearish Projections: After the latest pullback into the resistance zone, price is expected to: Reject the zone Continue following the descending structure Target marked around 1.35034, which coincides with: Previous low Lower boundary of the descending channel Mr SMC Trading point --- Chart Tools & Features Used: Trendlines: Clearly marking the downtrend channel 200 EMA: Used as dynamic resistance Fib-like measured move: Mirrored previous impulse moves (-1.61%) suggesting a symmetric drop Arrows: Indicating reaction points from resistance --- Conclusion: Bias: Bearish Invalidation: Break and hold above 1.36500 would weaken the bearish outlook. Next Move: Potential sell setups on lower timeframe retests or bearish confirmations within the resistance zone. Please support boost 🚀 this analysis)
Short
by SMC-Trading-Point
7
USD/CAD) Bearish trand analysis Read The captionSMC trading point update Technical analysis of USD/CAD on the 3-hour timeframe reflects a bearish market outlook. Here’s a breakdown of the idea: --- Trend Overview: The pair is in a clear downtrend, confirmed by: Lower highs and lower lows Price trading below the 200 EMA A bearish flag pattern in play --- Key Zones & Levels: 1. Resistance Zones (Yellow boxes): Upper zone (~1.3835 area): Previously tested and rejected (marked by the red arrow). Mid-zone (~1.3745 area): Labeled as a resistance level, previously support turned resistance. 2. Support Zone: The price is heading toward a projected target point at ~1.35584, which aligns with previous support. --- Bearish Confirmation: The price attempted a retracement but failed to break above the resistance level. The structure shows a bearish continuation pattern, suggesting a move downward is likely. --- Indicators: RSI (Relative Strength Index): Currently near 37, not oversold yet, but suggests bearish momentum is still strong. Also shows slight bearish divergence (lower highs on RSI while price was consolidating). --- Projection/Trade Idea: Scenario: Break and retest of the current level (~1.3679), with a continuation to the target at 1.35584. Risk Areas: Any break above 1.3745 could invalidate the setup. Confirmation: A clean bearish candle below the minor support could confirm entry for short sellers. Mr SMC Trading point --- Summary: This is a supply-and-demand + structure-based bearish setup. The market is showing weakness below resistance, and the next logical target is 1.35584, barring any macroeconomic reversal (e.g., USD or CAD news). Please support boost 🚀 this analysis)
Short
by SMC-Trading-Point
12
USDCAD Bearish Bias: Beware Liquidity Traps & Reversal Risks.I'm currently keeping a close eye on USDCAD, which has been in a strong bearish trend. 📉 In this video, I explain how the market is unfolding across both the higher and lower timeframes, and why it’s critical to watch them in conjunction. On the lower timeframes, we often see a clean sequence of lower highs and lower lows, as the algos set up a seemingly a smooth trend. But traders should be cautious ⚠️ Why? Because on the higher timeframes, the market can easily pull back, triggering a liquidity hunt. This is often when the algorithm targets stop orders above recent highs, before resuming the trend 🧠💥 While my bias remains bearish, I'm also aware of the risk that the market could shift gears unexpectedly to run stops and shake out weak hands. This concept is fully broken down in the video — with examples of how to spot these traps and prepare accordingly 🎯
Short
by fxtraderanthony
USDCAD Buy- Go for buy only when entry setup given - Refine entry with smaller SL for better RR, if you know how - keep looking for buy even if price goes one more down A Message To Traders: I’ll be sharing high-quality trade setups for a period time. No bullshit, no fluff, no complicated nonsense — just real, actionable forecast the algorithm is executing. If you’re struggling with trading and desperate for better results, follow my posts closely. Check out my previously posted setups and forecasts — you’ll be amazed by the high accuracy of the results. "I Found the Code. I Trust the Algo. Believe Me, That’s It."
Long
by Vincent-DA
1
USDCAD LONG FORECAST Q2 W25 D17 Y25USDCAD LONG FORECAST Q2 W25 D17 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. 💡Here are some trade confluences📝 ✅1H order block ✅HTF 50 EMA ✅Intraday bullish 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
Long
by JCFRGNT
Could the Loonie reverse from here?The price is reacting off the support level which lines up with the 100% and the 78.6% Fibonacci projection and could rise from this levl to our take profit. Entry: 1.3544 Why we like it: There is a support level at the 100% and the 78.6% Fibonacci projection. Stop loss: 1.3516 Why we like it: There is a support level at the 100% Fibonacci projection. Take profit: 1.3595 Why we like it: There is an overlap 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
USD/CAD Plunges Towards Initial SupportUSD/CAD broke below key support last week with price attempting to mark a third consecutive weekly loss. A break of multi-year uptrend threatens further losses here with confluent support now within striking distance at 1.3504/23- a region defined by the 1.618% extension of the February decline and the 78.6% retracement of the late-2023 advance. Note that channel support converges on this threshold over the next few weeks- risk for possible exhaustion / price inflection into this zone. Resistance now back at 1.3720/95 with bearish invalidation steady at 1.3958/77. A break below this pivot zone exposes the 2024 LWC at 1.3360 and the 2023 LWC at 1.3218. -MB
by FOREXcom
Short trade 🔻 USDCAD – Sell-side Trade Date: Monday, 16th June 2025 Session: London Session AM Time: 5:00 AM Entry Timeframe: 1Hr TF Trade Parameters Entry: 1.35680 Take Profit: 1.34735 (+0.70%) Stop Loss: 1.35965 (−0.21%) Risk-Reward Ratio (RR): 3.32 🧠 Trade Reasoning USDCAD has shown sustained bearish momentum on both 1Hr and 4Hr timeframes, with a clear lower high forming beneath the 1.35800 area. This trade was initiated on confirmation of a bearish rejection from a supply zone during the early London session volatility.
Short
by davidjulien369
1