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USDCAD trade ideas

USDCAD INTRADAY Bullish continuation above 1.4370Bullish Scenario: The USD/CAD pair maintains a bullish intraday sentiment, supported by the longer-term uptrend. The key level to watch is 1.4370, which acts as a critical support zone. If the price pulls back but finds support at 1.4370 and rebounds, the uptrend could resume, targeting 1.4470, with further resistance levels at 1.4530 and 1.4560 over the longer timeframe. Bearish Scenario: A confirmed break below 1.4370, especially with a daily close beneath this level, would invalidate the bullish outlook. This could lead to further downside movement, with immediate support at 1.4328, followed by 1.4300 and 1.4272, signaling a deeper corrective pullback. Conclusion: The overall trend remains bullish, with 1.4370 as the key pivot level. Holding above this support reinforces the upside potential, while a confirmed breakdown below it could shift momentum toward a deeper retracement. Traders should monitor price action around this critical level for confirmation of the next move. 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
Trump’s Tariffs on Canada: USD/CAD Remains VolatileTrump’s Tariffs on Canada: USD/CAD Remains Volatile We are witnessing a surge in market volatility (as reflected by the upward trend of the ATR indicator), influenced by the following factors, according to Reuters: → Trump’s Tariffs. On Tuesday, new 25% import duties on Mexico and Canada came into effect, while tariffs on Chinese goods were doubled to 20%. → Donald Trump’s first speech in Congress since taking office. In it, the US president made significant statements, including the announcement of new tariffs. The US Dollar Index initially rose during Trump’s speech but later weakened to a three-month low. In theory, higher tariffs are positive for the US dollar. However, investors are looking beyond short-term safe-haven flows and are concerned about slowing US economic growth and the risk of stagflation. Why Is Trump Imposing Tariffs? Officially, US President Donald Trump is introducing tariffs on Canada to combat the "extraordinary threat" to US national security posed by uncontrolled drug trafficking. However, according to Canadian Prime Minister Justin Trudeau, Trump’s tariffs are aimed at weakening Canada’s economy—or even pushing it towards collapse—so that the US could more easily annex Canadian territory. Technical Analysis of USD/CAD In our previous USD/CAD analysis, we highlighted key levels: → Resistance at 1.44600 → Support at 1.43600 New chart data shows that bulls attempted to break through the 1.44600 resistance level, but the price failed to hold above the psychological barrier of 1.45000. Support at 1.43600 remains relevant for now. Bulls may attempt another push upwards if the price retraces to the lower blue trendline. However, whether this scenario plays out will largely depend on the broader fundamentals related to Trump’s tariffs on Canada, Mexico, and China. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. 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
I'm selling USDCADI think USDCAD will sell too. It will still make the moves other paris are making too. I will be breaking even on this trade as soon as possible. I entered this trade for 2 reason. 1. I think Cadchf is turning bullish, which will make CAD start falling more than CHF 2. I think USD is still bearish and CAD is yet to move yet. Risk responsibly. Follow me as my trades are mostly market orders so you will see them on time, trade them on time and make money with me. One of the things that sadden me in the trading community is that most people dont want to make money, they just want to see you loose, they just want you to be wrong about the market. They forgot loses are part of the game, I post 15 trades and the 2 loosing trades got the highest likes and comments. Like they were waiting for me to be wrong, for what exactly? You dont know me, I dont know you, I want to guide you towards profitable trading and all you can do is to bring on these negativities? Look at my DXY trade, the wrong one got the most boost. That's by the way. But the look the other] way when they see a trade with beautiful delivery.
Short
by UGBOR
7
Market Overview: Major Currency Pairs - Week 9/2025(February 24,Market Overview: Major Currency Pairs - Week 9/2025(February 24, 2025 - March 3, 2025) 📉 USDCAD 🔗 Link to chart: 📊 Active Price Range: 1.429 - 1.404 📉 Main Trend: Swing SELL D1 ⚙️ Setup: Sell H1-D1, waiting for trading signals from Rainbow Sniper 💴 USDJPY 🔗 Link to chart: TradingView 📌 Current Status: USDJPY is in a SELL trend. The SELL signal has been active for multiple weeks, and the downtrend remains strong. If no position has been taken, any new trades should only be short-term scalping due to increased sensitivity to losses from price corrections. 📊 Active Price Range: 151-152 - 142 📉 Main Trend: Swing SELL W ⚙️ Setup: SELL H1-D1 and SELL H4-W, waiting for trading signals from Rainbow Sniper 💵 USDCHF 🔗 Link to chart: TradingView 📊 Active Price Range: 0.8899 - 0.9589 📈 Main Trend: BUY ⚙️ Setup: BUY H1-D1, waiting for trading signals from Rainbow Sniper 💷 GBPUSD 🔗 Link to chart: TradingView 📌 Current Status: GBPUSD was in a corrective upward movement last week on D1 but has not yet confirmed a SELL on D1 based on Rainbow Sniper. This week, GBP is expected to continue its upward move on D1 before looking for a Swing SELL signal. ⚙️ Setup: Scalping BUY H1-D1, waiting for Swing SELL H1-D1 and SELL H4-W, waiting for trading signals from Rainbow Sniper 💶 EURUSD 🔗 Link to chart: TradingView 📌 Current Status: Similar to GBP, but the BUY momentum is weaker than GBP. The pair is still in a corrective BUY phase on D1, which was not completed last week and is expected to continue this week before waiting for a Swing SELL signal. ⚙️ Setup: Scalping BUY H1-D1, waiting for Swing SELL H1-D1, waiting for trading signals from Rainbow Sniper 🇦🇺 AUDUSD 🔗 Link to chart: TradingView ⚙️ Setup: Scalping SELL H1-D1, waiting for trading signals from Rainbow Sniper 🇳🇿 NZDUSD 🔗 Link to chart: TradingView 📌 Current Status: NZD and AUD have some remaining BUY momentum, but NZD has enough tolerance to execute the BUY movement before transitioning to a SELL setup. ⚙️ Setup: 🔼 Scalping BUY H1-D1 🔽 Scalping SELL H1-D1 (after completing the BUY phase)
Long
by rainbow_sniper
USD/CAD holds up OK despite tariffsOK, so it's finally happened. On March 4, 2025, President Trump imposed a 25% tariff on imports from Canada and Mexico, with Canadian energy products facing a separate 10% tariff. Tariffs on Chinese imports were also doubled from 10% to 20%. In response, Canada imposed immediate 25% tariffs on CA$30 billion worth of U.S. goods, with plans to extend them to another CA$125 billion in the coming weeks. While USD/CAD maintained a steady upward movement, it is difficult to characterize the move as a broad-based selloff. Maybe this is more of a trade scuffle than a trade war right now? China announced additional tariffs of 10% to 15% on U.S. agricultural products, effective March 10. Mexico is set to announce its own retaliatory tariffs on March 9. Now, the focus shifts to Trump’s next move. He has already suggested he will reciprocate the reciprocation. Where does this end? Full blown trade war? Meanwhile, reports suggest he is considering easing sanctions on Russia.
by BlackBull_Markets
USD/CAD Bulls in Control, Eyeing 1.48 Resistance?USD/CAD has been riding a well-defined ascending channel since mid-February, pushing toward 1.45 after bouncing off its 50-EMA support. The pair remains in a firm uptrend, with bulls showing resilience despite intraday pullbacks. 🔍 Technical Overview: ✅ Trending Higher – Price action remains inside the rising channel. ✅ Support Holding Strong – The 50-EMA (1.4366) has acted as dynamic support. ✅ Momentum Intact – RSI at 64 is bullish but not yet overbought. ✅ MACD Slightly Flat – Suggesting momentum is steady but not accelerating significantly. 📌 Key Levels to Watch: 🔹 1.4500-1.4520 – Immediate resistance; a breakout could push toward 1.48. 🔹 1.4360-1.4400 – Key support zone, aligned with trendline & 50-EMA. 🔹 1.4800 – Major resistance from early February; bulls need a breakout for a larger move. 💡 Trading Outlook: 🔺 Bullish case: A clean breakout above 1.4520 could fuel a run toward 1.48, especially if broad USD strength continues. 🔻 Bearish case: A close below 1.4360 would break the channel, signaling a possible pullback toward 1.42. Bulls remain in charge for now, but the rally needs follow-through to sustain the upside momentum. Keep an eye on that 1.45 handle! What’s your next move—ride the trend or wait for a pullback?
by FOREXcom
Why USDCAD Dropping? Technical and fundamentalsUSDCAD is currently trading around 1.44200, facing strong resistance at this level. The pair has tested this resistance multiple times and is showing signs of rejection, indicating a potential bearish reversal. If sellers gain control, we could see a downward move toward the 1.42200 target. This setup aligns with key technical patterns, suggesting that the rejection from resistance could drive further downside momentum. From a technical perspective, the resistance level at 1.44200 has proven to be a strong barrier for buyers, leading to repeated pullbacks. If price fails to break above this zone, bearish pressure is likely to increase. A confirmed rejection with a strong bearish candlestick formation could provide further confirmation of a downtrend, making this a high-probability short setup. Fundamentally, USDCAD’s movement is influenced by the strength of the US dollar and oil prices, as Canada’s economy is heavily linked to crude oil. Any rebound in oil prices could strengthen the Canadian dollar, adding to the bearish case for USDCAD. Additionally, market expectations regarding Federal Reserve interest rate policy and economic data releases could play a crucial role in shaping the pair’s next move. In summary, USDCAD is facing significant resistance at 1.44200, with clear rejection signals indicating potential downside toward 1.42200. Traders should watch for further bearish confirmations while considering fundamental drivers like oil price fluctuations and central bank policies to validate the trade setup.
Short
by AndrewsMarket-Mastery
USD/CAD 4-Hour Timeframe AnalysisUSD/CAD 4-Hour Timeframe Analysis The USD/CAD pair is currently in a consolidation phase following a significant bullish breakout. The price recently surged to the upside, reaching the resistance level at 1.47900, before retracing due to a large volume of seller activity. This retracement drove the price down to the minor key support at 1.43000, and further tested the major key support at 1.41600. Buyers then regained control, pushing the price upward and breaking through several minor resistance levels, including the 1.44700 mark. Following this breakout, the price has shown signs of accumulation, suggesting a potential stop-loss hunt within the liquidity zone. A critical area of interest remains the 1.44700 level. Our strategy is to wait for a confirmed breakout above this minor key resistance. Once the 4-hour candle closes above this level, we will closely monitor price action for further confirmation of sustained bullish momentum toward the next key resistance level. Key Technical Levels: Resistance: 1.44700, 1.47970 (next minor key resistance) Support: 1.43000 (minor key support), 1.41600 (major key support) Fundamental Insight: As of March 4, 2025, President Donald Trump's administration has implemented new tariffs on imports from Canada, effective immediately. These measures impose a 25% tariff on most Canadian goods entering the United States, with exceptions for energy products like crude oil and natural gas, which are subject to a 10% tariff. (Source: WSJ.COM) The decision to enforce these tariffs follows a month-long delay intended to allow negotiations addressing issues such as fentanyl smuggling and migration. However, President Trump deemed these efforts insufficient, leading to the activation of the tariffs. Stricter Canadian Tariffs: These newly enforced tariffs may strengthen the USD due to protectionist measures, increasing upward pressure on USD/CAD. Canadian Economic Impact: Increased costs on Canadian exports may weigh on the CAD, further supporting USD strength. Additionally, the USD remains supported by its safe-haven status amid global uncertainties. Any hawkish rhetoric emphasizing U.S. economic resilience could further support USD strength, while dovish signals may lead to CAD appreciation. Market Outlook: Given the current technical structure and recent tariff developments, we maintain a bullish outlook on USD/CAD. We will closely monitor the 1.44700 level and observe how price reacts to further trade policy developments. 📌 Disclaimer: This analysis is for informational and educational purposes only and should not be considered financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult with a financial professional before making any investment decisions.
Long
by RebornFXTrader