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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

Market Insights with Gary Thomson: 27 - 31 JanuaryMarket Insights with Gary Thomson: BoC, Fed & ECB Interest Rates, PCE Price Index, Earnings Reports In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in! In this episode: - BoC Interest Rate Decision - Fed Interest Rate Decision - ECB Interest Rate Decision - US PCE Price Index - Corporate Earnings Statements Don’t miss out—gain insights to stay ahead in your trading journey. 🌐 FXOpen official website: www.fxopen.com CFDs are complex instruments and come with a high risk of losing your money.
by FXOpen
3
Duo-Reversal Patterns Show USDCAD Rally "Hanging By A Thread"Price has rallied quite a bit for OANDA:USDCAD since its last visit of the Rising Support @ 1.34189 and we currently see Price showing quite a bit of exhaustion at the March 2020 Highs @ 1.44664! This exhaustion comes in two Reversal Patterns: Advance Block - 3 Candlestick Reversal Pattern + (Bearish Confirmation Candle) Hanging Man - Single Doji Reversal Candlestick Pattern Both these Reversal Candlestick Patterns and RSI in Oversold territory, spell possible trouble for Bulls in which signaling Bears could potentially overcome and Push Price Down! This suspected drop in Price could be a Retracement to Previous Structure of Past Resistance @ (1.39775 - 1.38784 ) which happens to land right in the 50% - Golden Ratio Fibonacci Zone. Fundamentally, USD and CAD both last week showed flying colors when it came to their Employment and Unemployment Results both showing an Increase in Work and Lowering in Jobless. This week will be news heavy for USD with: Core PPI/PPI - Tuesday Core CPI/CPI - Wednesday Core Retail Sales/Retail Sales/ Unemployment Claims - Thursday If overall week results are negative, we could see USD lose all strength and CAD take the stage!
Short
by Novi_Fibonacci
5
USDCAD Will Explode! BUY! My dear subscribers, This is my opinion on the USDCAD next move: The instrument tests an important psychological level 1.4323 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.4380 My Stop Loss - 1.4297 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
Long
by AnabelSignals
3
USD/CAD: Will the CAD Recover After Trump's Tariff Plans?A bombshell announcement from US President Donald Trump sparked chaos in the foreign exchange markets, as he hinted at imposing 25% tariffs on imports from Canada and Mexico as early as February. The news sent the Canadian Dollar plummeting to multi-year lows against its US peer, while the US Dollar staged a modest recovery from its overnight slump. The Canadian Dollar (CAD) found itself under intense selling pressure as investors scrambled to reassess the country's economic prospects in light of Trump's protectionist policies. The currency's decline raised fresh concerns about the country's trade relationships and the potential impact on economic growth. Meanwhile, the US Dollar (USD) rallied, shrugging off its overnight dip to a two-week low. Market analysts expect Trump's policies to fuel inflation and force the Federal Reserve (Fed) to maintain its hawkish stance, which could boost the value of the US currency. From a technical perspective, the CAD's price chart is currently trading near a critical supply area around 1.4425. Our analysis suggests that the price has reached a turning point after rejecting the key resistance level of 1.4500. We are looking for a bearish reversal, which could set the stage for further declines in the Canadian Dollar. The implications of Trump's tariff threat are far-reaching and have significant implications for Canada's economy. As the situation continues to unfold, investors will be watching the markets closely for any signs of a bearish reversal in the Canadian Dollar. ✅ Please share your thoughts about USD/CAD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
14
We may be in for a really unexpected surprise with CADWell pretty simple idea , I just had to share because seems like everyone is short and negative , not just a little. And coming at you from the 51st here , wouldn't it be nice ~ song goes off lol This is not a trading idea , its just a possibility, but look how net short COT data is right now and imagine if the opposite of expected happens . Currently large and small traders are more net short than they have been since I've been around ... well actually this only shows to 1988 I'm the year before , so let me rephrase ...." since I was 1 years old the the Canadian dollar has not been this shorted by a long shot ". This will be fun to watch and see if we get the unexpected....because we certainly have the catalyst for a kick ass bullish reversal , OH Canada ! What you would do if CAD was par again with USD ?
by NAK1987
USDCAD is ready to go shortNo comment needed. All information is in the chart analysis. Steps to follow: Analyze yourself. Take the position with SL and Take Profits. Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :) Get the result. I will update the trade every day. Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger! Good trades, Traders! The golden bear
by thegoldenbear
USDCAD Bullish Trend: Key Factors Driving the GrowthUSDCAD Bullish Trend: Key Factors Driving the Growth The USDCAD currency pair continues to develop a bullish trend, with strong potential for further rise. Here are the main reasons behind this bullish movement: Trump's Proposed Tariffs: President Donald Trump has commented on imposing 25% tariffs starting February 1, which has fueled speculation and market activity. Decline in Crude Oil Prices: Crude oil prices have been declining amid uncertainty surrounding how Trump's proposed tariffs and energy policies might affect global economic growth and energy demand. Potential Rate Cut from the Bank of Canada (BOC): There is a possibility of a rate cut from the BOC during the upcoming meeting, provided inflation remains within their target zone. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
1
USD/CAD 4HR TF AnalysisUSD/CAD 4HR TF Analysis Trend Analysis On the 4-hour timeframe, USD/CAD is consolidating in a range, indicating market indecision. Despite the sideways movement, the larger timeframe still reflects an uptrend. Within this consolidation, the price has formed a bull flag pattern, a potential indication of bullish continuation. Currently, the price is near the minor key support level at 1.43700, which has been tested multiple times. Below this, another key level is at 1.43400, near a liquidity zone. If the price reclaims and breaks above these levels, it could trigger further upside momentum. Price Action Expectation: Wait for the price to break below the 1st minor key support at 1.43700. Observe liquidity formation around the 2nd minor key support at 1.43400. Look for a break above 1.43700, which could confirm a continuation of the uptrend. Trade Setup: Trade Type: Buy Stop Entry: 1.43840 (upon breakout confirmation above 1st minor key support) Stop Loss: 1.43460 (below the liquidity zone to avoid false breakouts) Take Profit: 1.44620 (targeting the next significant resistance level) This setup leverages the confluence of technical patterns, key levels, and market behavior to provide an informed trading decision. Fundamental Outlook: USD News (Unemployment Claims): Expected later today, with the previous forecast at 217K and the latest forecast at 221K. This data release could introduce volatility in USD pairs. CAD News (Retail Sales m/m): Scheduled for later today, with the previous forecast at 0.6% and the latest forecast revised to 0.2%. This weaker-than-expected data may exert downward pressure on the CAD, further supporting a bullish outlook for USD/CAD. Risk Management: Maintain a risk-to-reward ratio of at least 1:2 to maximize potential returns. Position size should align with your account equity and risk tolerance. Be cautious around liquidity zones to avoid premature stop-outs. Trading involves significant risks and may not be suitable for all investors. Ensure your strategies align with your financial goals and risk tolerance.
Long
by RebornFXTrader
USDCAD Bullish Flag PatternHi traders, USDCAD is showing a classic bullish flag pattern, signaling that the uptrend is likely to continue! After a strong rally (the flagpole), the pair has entered a consolidation phase, forming a tight range between support and resistance. This setup is primed for a breakout to the upside. 💡 Key Levels: TP1: 1.44960 TP2: 1.45706 TP3: 1.46614 Stop Loss: You can place your SL around 1.42831, just below the support level of the consolidation zone, to protect against false breakouts. This is a high-potential setup with a great risk-to-reward ratio. Watch closely for the breakout, and let’s aim for those profits! 💰🚀 Trade smart, and good luck! 🔥
Long
by Charts_M7M
Markets underprice US-Canada trade risks? Deutsche Bank thinks markets may be underestimating the risk of a trade war between the US and Canada. In its analysis, the bank suggests that USD/CAD could rise to "at least" 1.53, with the potential to test the 2002 all-time high of 1.61. A trade war could push Canada into a recession, prompting the Bank of Canada to cut interest rates to as low as 1.50%, significantly below the 2.75% currently priced in by markets. The Trump administration’s relationship with Canada may set a baseline for its broader trade policies, indicating that the potential impact on other trading partners' currencies might currently be underestimated by the market too. EUR/USD comes to mind in this regard. Currently, USD/CAD has been trading within a tight range of 1.4260–1.4465 for over a month. The pair maintains a bullish outlook, supported by a rising 50-day Exponential Moving Average (EMA), which is currently around 1.4235.
by BlackBull_Markets
Waiting for entryLet's wait for an entry on this trade. Support levels and price target have been set by doing a top down analysis. The price target is the ATH trading price for USDCAD, with looming tariffs and Trumps America First Agenda I'm speculating we will see USDCAD trade at its ATH again within the next 4 years. Im looking for an entry into this trade after the Canadian election, I want to see price come back down to a support level and then once market sentiment wears off from the election we will be looking for a reversal pattern on the smaller time frames.
by pitachio7712