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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

USD/CAD BUYERS WILL DOMINATE THE MARKET|LONG Hello, Friends! We are now examining the USD/CAD pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 1.387 level. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Long
by EliteTradingSignals
1
USDCAD Bears Gain Momentum Below Resistance WallUSDCAD 8D TECHNICAL ANALYSIS OVERALL TREND 📉 DOWNTREND — Confirmed by multiple moving averages stacked bearishly and recent breakdown from a Pivot High at 1.46560. The Trend Score reads -0.10, signaling growing bearish sentiment, though the current downtrend confidence is moderate (4.8%). 🔴RESISTANCE ZONE 🔴 1.47937 — PIVOT HIGH | SELL STOPLOSS 🔴 1.46560 — SELL ORDER 2 🔴 1.43772 — SELL ORDER 1 🎯ENTRIES & TARGETS 🎯 1.38464 — SELL ORDER & TP 1 🎯 1.34004 — SELL ORDER & TP 2 | Mid-Pivot 🎯 1.30718 — SELL ORDER & TP 3 🎯 1.25643 — EXIT SELL | TP 4 🟢SUPPORT ZONE 🟢 1.24442 — BUY ORDER 1 🟢 1.21463 — BUY ORDER 2 🟢 1.20070 — PIVOT LOW | BUY STOPLOSS 📊INDICATOR SUMMARY RSI @ 37 — Near oversold, but neutral MACD — Bearish divergence confirmed (Sell) Momentum — Weak bullish rebound (Buy) Stochastic %K — Neutral but nearing oversold (14.64) Major Moving Averages — Mostly bearish alignment (20/30/50/100/200 EMAs & SMAs all showing Sell) 🤓STRUCTURAL NOTES Bearish engulfing candle near 1.43772 resistance confirms sell-side pressure Price rejected near the Pivot High zone (1.46560) and has broken below short-term support EMA/SMA crossover downward confirms bearish acceleration Volume Weighted MA also supports a downside continuation TRADE OUTLOOK 🔎 📉 Short Bias — Valid below 1.43772 with target zones between TP1 @ 1.38464 and TP4 @ 1.25643 📈 Long setups only initiate below 1.24442 support bounce with confluence at the BUY STOP zone (1.20070) 👀 Watch price action at 1.38464 and 1.34004 — key decision zones for mid-trend reversal or continuation 🧪STRATEGY RECOMMENDATION CONSERVATIVE APPROACH (Trend-Following): — Entry: 1.43772 retest — TP Levels: 1.38464 / 1.34004 / 1.30718 / 1.25643 — SL: Above 1.46560 AGGRESSIVE APPROACH (Breakout Pullback): — Entry: On break and close below 1.38464 — TP: 1.34004 / 1.30718 / 1.25643 — SL: Above 1.40900 “Discipline | Consistency | PAY-tience™” — Let the chart speak and the setup confirm.
Short
by ProfessorCEWard
USDCAD (1M) Bullish Pennant Structure and H ProjectionUSDCAD (1M) — Technical and Fundamental Analysis: Bullish Pennant Structure and H Projection On the monthly chart of USDCAD, a bullish pennant structure has been formed and confirmed with a breakout followed by a clean retest of the upper boundary. The price broke out of the consolidation zone with momentum and is currently holding above the key support at 1.3802. The structure remains active: the first target based on the projected move is 1.4905. If the impulse continues and the market structure remains intact, extended targets lie at 1.5690 (1.272), 1.6100 (1.414), and 1.6689 (1.618) Fibonacci expansions. Technically, the 1.3802 level (0.618 retracement) is the critical support. If this zone holds, the bullish scenario remains valid. The nearest resistance is 1.4287 (0.786), and a confirmed break above this level would likely trigger the next phase toward 1.49. Volume increased during the breakout, confirming strong buyer interest. Fundamentally, the setup is supported by diverging monetary policies: the Bank of Canada has signaled a more dovish stance due to slowing inflation and economic softness, while the Federal Reserve remains more neutral and cautious about rate cuts. In addition, oil prices — a key factor for the Canadian dollar — are under pressure, weakening the CAD further. Broader macro uncertainty and the global demand for USD as a reserve and safe-haven asset continue to support the dollar, strengthening the USDCAD pair. Conclusion: As long as the price holds above the 1.38 zone and confirms above 1.4287, the bullish structure remains in play with a target of 1.4905 and potential extensions to 1.5690–1.6100.
Long
by TotoshkaTrades
USDCAD Will Go Up From Support! Long! Take a look at our analysis for USDCAD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.385. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.396 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
USDCAD – 4H Bullish Divergence Setting Up for a Potential ReversUSDCAD – 4H Bullish Divergence Setting Up for a Potential Reversal 🚀🔄 Hey traders 👋 USDCAD is flashing some early signs of a potential trend shift on the 4H chart, and it’s coming straight from one of the most reliable clues in technical analysis — bullish divergence. Let’s walk through it. 📈 Price Making Lower Lows, But RSI Isn’t So here’s what’s happening: price action has been sliding lower, printing a series of lower lows — looks bearish on the surface, right? But when you peek under the hood and check out the RSI, you’ll notice something interesting. The RSI is actually making higher lows during the same period. That’s classic bullish divergence, and it’s usually a sign that selling pressure is weakening, even if price hasn’t caught up to that idea yet. Momentum is starting to shift, and the bulls may be loading up in the background. 🔍 What This Means This setup tells us that while bears have been in control, they’re losing strength. Buyers are quietly stepping in, and if price confirms with a breakout or a structure shift — we might be looking at a solid reversal opportunity. These divergences can often be the first clue before a full-blown reversal. Not something to trade blindly, but definitely something to prepare for. 💡 Watch For Confirmation Look for structure breakouts (trendline cracks, minor resistance flips, etc.) Volume rising on bullish candles = extra confidence A strong bullish engulfing candle or a higher low can be a great signal to jump in Patience is key here. Let the market show its hand, then act. 📌 The Setup Looks Promising – But Timing Is Everything. Are you spotting the same divergence? Or waiting for more signs before stepping in? #USDCAD #Forex #BullishDivergence #4HChart #RSI #TrendReversal #ForexTrading #PriceAction #SmartMoney
Long
by MAAwan
USD/CAD H1 | Rising into a multi-swing-high resistanceUSD/CAD is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.3849 which is a multi-swing-high resistance that aligns with the 38.2% Fibonacci retracement. Stop loss is at 1.3915 which is a level that sits above the 61.8% Fibonacci retracement and an overlap resistance. Take profit is at 1.3735 which is a support level that aligns with the 161.8% Fibonacci extension. 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 (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 Global LLC (tradu.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by Tradu
USDCAD – 1H Bullish Divergence DetectedUSDCAD – 1H Bullish Divergence Detected 🟢 ✅ Setup Summary: Timeframe: 1 Hour Signal: Bullish Divergence Bias: Short-Term Bullish Reversal Context: Price made a lower low, but RSI or MACD made a higher low, signaling weakening bearish momentum. 🔍 Confluences to Watch: Support Zone: Price reacting from a minor demand area or previous support Structure Shift Potential: Breaking minor 1H resistance could lead to short-term upside Volume or Candlestick Signal: Look for bullish engulfing, hammer, or Heikin Ashi flip 📈 Trade Plan – Long Bias Entry Idea: On confirmation candle (bullish close) Or above micro-resistance/high that confirms shift in structure Stop-Loss: Just below the recent low where divergence formed Take-Profit Targets: TP1: Local resistance or 1H swing high TP2: Fib 0.618 retracement of the last bearish leg Aim for 1:1.5 to 1:2 R:R ⚠️ Key Notes: Watch for CAD news (oil-sensitive) and USD volatility If price makes a new low without divergence, reassess Can use trendline break or moving average cross as extra confirmation
Long
by MAAwan
THE LONNIE TANKED IN THE WAKE OF A SOFTER INFLATION READINGThe Lonnie is seen bearish during the Asian session. Meanwhile the overall trend is bearish but rebounded the previous day to close at 1.3958 a cumulative of + 58% for the day. The pair witnessed a slight resistance somewhere around 1.3977 but tanked afterwards and maintained this trajectory today the 16th of April 2025. The pair is seen hovering around 1.3916 and 1.3904 which serves as minor support while waiting for the next catalyst to drive prices. Talking about catalyst that drives prices, on the radar yesterday we saw the annual inflation rate in Canada fell to 2.3% in March of 2025 from eight-month high of 2.6% in the previous month, below market expectations that it would remain at 2.6% and below forecasts by the central bank of 2.5%. This decline could further explain the tank in the pair. UPCOMING CATALYST: Later today at 4:30PM GMT +4, markets await the release of U.S core retail sales and retail sales m/m simultaneously with a forecast of 0.4% a slight tick up from 0.3% from previous month and 1.3% a significant increase from 0.2% from previous month respectively. At 5:45PM GMT +4, the BoC would likely hold its interest rate steady at 2.75% for the first it’s holding rate since June 2024. LEVELS TO WATCH: In view of the upcoming data release, analyst expects price to tank further to 1.3868 and probably resisted around 1.3833 if the CAD is strengthened against the USD, on the flipside, in the event that the USD gains momentum, then potential target would be around 1.3972 and further rally would eye 1.4071. However, further breakout of these levels is not ruled out as per analyst.
by CFI
USDCADHello Traders! What are your thoughts on USD/CAD? After its recent decline, USD/CAD has reached the bottom of the descending channel and a key support zone. This area may act as a strong support, and we expect a bullish reaction from here. We anticipate a bounce from this support zone, with the price potentially rising at least toward the specified target level. Will USD/CAD hold the support and rebound, or break lower? Share your thoughts below! Don’t forget to like and share your thoughts in the comments! ❤️
Long
by HAMED_AZ
27
USDCAD... 1D CHART PATTERN🧠 Trade Overview Pair: USD/CAD Action: Buy Entry: 1.3867 Target: 1.4100 Pips to target: +233 pips 📊 Quick Thoughts: Trend Check: Is the broader trend bullish right now? If USD is gaining strength (e.g., DXY rallying) and oil is weakening (since CAD is correlated with oil), then this makes sense. Resistance Zone: 1.4100 has been a historically significant resistance level. Are you aiming just below the highs to avoid a full retest? Risk Management: Do you have a stop-loss in mind? Maybe below 1.3800 to protect against a fakeout? 📅 Fundamentals to Watch: US CPI, Fed Statements, or Jobs Data Canada Employment or BOC rate talk Oil prices (big impact on CAD)
Long
by Money_Magnet5
Canadian Dollar vs. US Dollar. The Spring Is Compressing.In previous posts, we have already begun to look at the key drivers of the US outperformance over the past decade. The US market dominance has been largely driven by the rapid rise of tech giants (such as Apple, Microsoft, Amazon and Alphabet), which have benefited from strong profit growth, global market reach and significant investor inflows. Unsatisfactory International Performance Markets outside the US have faced headwinds including multiple stifling sanctions and tariffs, slowing economic growth, political uncertainty (especially in Europe), a stronger US dollar and the declining influence of high-growth tech sectors. The Valuation Gap By 2025, US equities will be considered relatively expensive compared to their international peers, which may offer more attractive valuations in the future. Recent Shifts (2025 Trend) Since early 2025, international equities have begun to outperform the S&P 500, and European and Asian equities have regained investor interest. Global market currencies are also widely dominated by the US dollar. Factors include optimism around the following three big themes. DE-DOLLARIZATION. DE-AMERICANIZATION. DIVERSIFICATION. De-dollarization is the process by which countries reduce their reliance on the US dollar (USD) as the world's dominant reserve currency, medium of exchange, and unit of account in international trade and finance. This trend implies a shift away from the central role of the US dollar in global economic transactions to alternative currencies, assets, or financial systems. Historical context and significance of the US dollar The US dollar became the world's primary reserve currency after World War II, as enshrined in the Bretton Woods Agreement of 1944. This system pegged other currencies to the dollar, which was convertible into gold, making the dollar the backbone of international finance. The United States became the world's leading economic power, and the dollar replaced the British pound sterling as the dominant currency for global trade and reserves. The dollar has been the most widely held reserve currency for decades. As of the end of 2024, it still accounts for about 57% of global foreign exchange reserves, far more than the euro (20%) and the Japanese yen (6%). However, this share has fallen from over 70% in 2001, signaling a gradual shift and prompting discussions about de-dollarization. How De-Dollarization Works Countries looking to reduce their reliance on the dollar are pursuing several strategies: Diversifying reserves: Central banks are holding fewer U.S. dollars and increasing their holdings of other currencies, such as the euro, yen, British pound, or new alternatives such as the Chinese yuan. While the yuan's share remains small (about 2.2%), it has grown, especially among countries like Russia. Using alternative currencies in trade: Countries are entering into bilateral or regional agreements to conduct trade in their own currencies rather than using the dollar as an intermediary. For example, China has introduced yuan-denominated oil futures (the "petroyuan") to challenge the petrodollar system. Increasing gold reserves: Many countries, including China, Russia and India, have significantly increased their purchases of gold as a safer reserve asset, reducing their dollar holdings. Developing alternative financial systems: Some countries and blocs, such as BRICS, are working to develop alternatives to the US-dominated SWIFT payment system to avoid the risk of sanctions and gain true economic and political independence. Reasons for de-dollarization The move towards de-dollarization is driven by geopolitical and economic factors: Backlash against US economic hegemony: The US often uses dollar dominance to impose sanctions and exert political pressure, encouraging countries to seek financial sovereignty. Rise of new economic powers: Emerging economies like China and groups like the BRICS are seeking to reduce their vulnerability to U.S. influence and promote regional integration and alternative financial infrastructures. Geopolitical tensions: Conflicts like the war in Ukraine have intensified efforts by countries like Russia to remove the dollar from their reserves to avoid sanctions. Implications and outlook While the dollar remains dominant, a more de-dollarized world is already changing global economic power. The U.S. may lose some advantages, such as lower borrowing costs and geopolitical influence. For the U.S. economy, de-dollarization could lead to a weaker currency, higher interest rates, and reduced foreign investment, although some effects, such as inflation from a weaker dollar, could belimited . For other countries, de-dollarization could mean greater economic independence and less exposure to U.S. policy risks. However, no currency currently matches the dollar’s ​​liquidity, stability, and global recognition, so a full transition is unlikely in the near future . Summary De-dollarization is a complex, ongoing process that reflects a gradual shift away from the global dominance of the U.S. dollar. It involves diversifying reserves, using alternative currencies and assets, and creating new financial systems to reduce dependence on the dollar. Driven by geopolitical tensions and the rise of emerging economic powers, de-dollarization challenges the entrenched role of the dollar but is unlikely to completely replace it anytime soon. Instead, it is leading to a more multipolar monetary system in international finance, increasing demand for alternative investments to the U.S. Technical task The main technical chart is presented in a quarterly breakdown, reflecting the dynamics of the Canadian dollar against the US dollar FX_IDC:CADUSD in the long term. With the continued positive momentum of the relative strength indicator RSI(14), flat support near the level of 0.70 and a decreasing resistance level (descending top/ flat bottom) in case of a breakout represent the possibility of price growth to 0.80, with the prospect of parity in the currency pair and strengthening of the Canadian dollar to all-time highs, in the horizon of the next five years. -- Best wishes, Your Beloved @PandorraResearch Team 😎
by PandorraResearch
USD/CAD: Time to Go Long?On the monthly chart, USD/CAD has found strong support, signaling a potential bullish continuation. With anticipated USD strength in the coming weeks, there’s a clear opportunity for the pair to move higher. We are targeting 1.40180 as the first objective, with the potential to extend towards 1.41500 if momentum continues. On the daily chart, the price is showing signs of weakness but also bullish intent, suggesting a possible retracement before a move higher. Ideally, a pullback into the 1.38490 – 1.38450 zone would offer a high-probability long entry.
Long
by Wiiso