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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

USDCAD H4 I Bullish Bounce Based on the H4 chart analysis, we can see that the price is currently at our buy entry at 1.4182, which is a pullback support. Our take profit will be at 1.4260, which is a pullback resistance level. The stop loss will be placed at 1.4118, below a swing low support level. 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 (fxcm.com/uk): 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 (fxcm.com/eu): 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 Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘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 FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
USDCAD USD/CAD represents the exchange rate between the U.S. dollar and the Canadian dollar. It is influenced by factors such as interest rate decisions from the Federal Reserve and the Bank of Canada, economic data releases, and global oil prices, as Canada is a major oil exporter. The pair tends to be most active during the U.S. and Canadian trading sessions. Traders watch for economic indicators like GDP growth, employment data, and inflation to predict price movements. Market sentiment and risk appetite also play a role, as the Canadian dollar is often considered a commodity-linked currency.
Long
by HavalMamar
USDCAD (2D): DT AnalysisGeneral Observations The USDCAD (2D) chart shows an overall Downtrend currently measured as “Moderate, 4.8% Confidence.” SUPPORT & RESISTANCE 🔎 Resistance near 1.47–1.48 ( Pivot High & Sell Stoploss region ) Mid pivot area ~1.4107 that may act as interim support/resistance Support around 1.36–1.34 where prospective Buy Orders reside TREND ANALYSIS 📝 Pivot High & DT signals suggest selling pressure at upper zones Pivot Low & UT signals hint at potential bounces in lower zones Market bias currently leans bearish, given the “Downtrend” reading Indicator Context The “Trend Score: -1.0” underscores a bearish tendency. “Confirmed” signals (green/red) validate previous pivot breaks, aligning with downward momentum. FUNDAMENTAL CONSIDERATIONS 🌐 Task: Monitor upcoming Canadian and US economic reports for volatility. Event: Pay attention to interest rate announcements or GDP releases. Vacation: Keep in mind lower liquidity periods can exaggerate price movements. RECOMMENDED ACTION PLAN 📋 Task: If price rallies toward 1.4326–1.4583, watch for short entries with stops above pivot highs. Event: Potential long entries near 1.3488–1.3634 if bullish signals confirm a correction. Vacation: Consider partial profits early if volatility spikes suddenly. 🚀 Happy Trading!
Short
by ProfessorCEWard
Bullish bounce?USD/CAD is falling towards the support level which is a pullback support and could bounce from this level to our take profit. Entry: 1.4176 Why we like it: There is a pullback support level. Stop loss: 1.4088 Why we like it: There is a pullback support level. Take profit: 1.4280 Why we like it: There is a pullback resistance 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. Update idea Add note VantageMarkets Also on:
Long
by VantageMarkets
USD/CAD Ready To Go Down Hard , Let`s Sell It To Get 250 Pips !As we see we have a very good daily closure below sideway range and we have avery good retest to the area and the price gave amazing bearish price action , so i`m looking to sell this pair today or tomorrow morning when the price go backa litle to give me a good chance to put a small sl , and i think the price will go down very hard at least 200 Pips . This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Short
by FX_Elite_Club
1
USDCADShort Fundamental Analysis – USD/CAD 1. Context • Bank of Canada (BoC) • Maintains relatively high interest rates to manage inflation, though at a more moderate pace compared to the Fed. • The Canadian economy is highly sensitive to oil prices, given the significant role of energy exports. • Federal Reserve (Fed) • Holds an elevated rate policy backed by strong US economic indicators (GDP ~+2.6%, unemployment ~3.7%). • The resulting interest rate differential often lends support to the US dollar over the Canadian dollar. 2. Possible Direction • Bias: Slightly bullish on USD/CAD, particularly if US data remains solid and/or oil prices soften, reducing CAD’s support. • Alternate Scenario: • If oil prices rise sharply or if Canadian economic data (e.g., GDP, inflation, jobs) significantly outperform expectations, CAD could gain, pressuring USD/CAD lower. • A dovish pivot by the Fed might also see the USD weaken against CAD. 3. Factors to Watch This Week 1. Oil Prices • A key driver for CAD. If oil rallies, it tends to support the Canadian dollar; if it falls, USD/CAD may climb. 2. Canadian Economic Indicators • BoC’s policy updates, along with GDP and CPI releases, can shift sentiment around CAD. 3. US Economic Data & Fed Rhetoric • Continued strong US data typically boosts USD/CAD, while any indication of a Fed pause or slowdown could weaken the dollar. 4. Overall Conclusion • CAD benefits from firmer oil prices and steady BoC policy but remains exposed to external demand fluctuations. • USD keeps its strength on higher yields and resilient US growth. • In the short term, USD/CAD may lean higher unless Canada’s economic data and oil prices bolster CAD or the Fed turns more dovish. Disclaimer This analysis is for educational purposes only and does not constitute trading advice. Financial markets can be volatile and involve substantial risk. Always consider your risk tolerance and consult official sources before making any trading decisions.
by SkylimitBreakPoint
USDCAD consolidation could turn bearish below 1.4300 level.The USDCAD currency pair sentiment appears neutral, supported by the longer-term sideways consolidation trading range. However, since the spike caused by the possible tariff announcement on 03rd February 2024, the USDCAD price action is starting to display some signs of bearish behaviour. Today, Thursday 13th February 2025 USDCAD is testing psychologically important support around the 1.4300 level. The price action is triggered by the increase in optimism over the Russia and Ukraine truce. The USD currency remains strong on the expectations that the Fed will hold interest rates at the current levels for longer. On the other hand, the market expectation for BoC is to continue gradually reducing the interest rates further. The key trading level is at 1.4300, the current swing low range from 18th December 2024 until 04th February 2025. A continuation of the selling pressure below the 1.4300 level and a daily close below the 1.4250 support level could target additional downside support at 1.4200 followed by the 1. 4250 and 1.4110 levels over the longer timeframe. Alternatively, an oversold rally from the current levels and a confirmed breakout above 1.4380 resistance and a daily close above that level would negate the bearish outlook opening the way for a further rally and a retest of 1.4430 resistance followed by 1.4450 levels. 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
Scenario on USDCAD 13.2.2025USDCAD and for this market, I have several alternatives as to how it could probably take place, so first I would look at the long where we have the first sfp below the low at the price level of 1.424 and then there is the last sfp for me if this does not last, then we go to lower values, the value is 1.41850 short in this market I would take the value of 1.43810 where there is resistance and then I have 2 more interesting levels for reaction the last one is for me the monthly level at the value of 1.45792, if we overcome this level, it is quite likely that we will look higher.
by Sony97
USDCAD Currency Pair Trend After Fed Chairman Powell TestifiesUSDCAD News: 🔆A White House official said late Tuesday that the 25% tariffs that U.S. President Donald Trump is planning to impose on all steel and aluminum imports will be added to other tariffs on Canadian goods, bringing the total to 50%. 🔆Earlier this month, Trump imposed 25% tariffs on most Canadian goods. However, those tariffs were suspended for 30 days last week. 🔆Canada appoints new fentanyl chief to coordinate anti-smuggling efforts, following through on previous Trump administration pledges to do more to stem the flow of fentanyl across the U.S. border Viewpoint: 🔆USD could continue to rise against CAD. With the DXY Index and U.S. 10-year Treasury yields currently rising, the USD could continue to rise against CAD. With Powell's neutral stance, the USDCAD pair is likely to continue its upward momentum yesterday after touching the support level of 1.427. And investors are waiting for further steps on Trump's tariff policy and today's US CPI to have a reasonable strategy.
Long
by FM-ForexMastermind
1
POTENTIAL SHORT TRADE SET UP FOR USDCADAnalysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout. Entry: The price approached the previous swing high zone with an ascending structure on the higher time frame (HTF), then plummeted from the swing high area. Subsequently, the price broke below the ascending structure, signaling a bearish shift, and formed another bearish continuation-like pattern. We shall be looking for an entry with a small bearish continuation structure here targeting the base of the ascending structure Expectation: A downward move is anticipated, targeting the previous swing low area. ⚠️ Reminder: Conduct your own analysis and implement proper risk management, as forex trading carries no guarantees. This is a high-risk endeavor, and past performance does not predict future outcomes. Trade responsibly!
Short
by TheTradingAmbience
USDCAD → Consolidation before downward distributionFX:USDCAD is stuck in a range (consolidation) between 1.4486 and 1.428. The dollar has been showing negative momentum lately, but with NFP ahead, the data could both reinforce the correction and support the index... All eyes are on today's economic news. If the actual NFP is below the forecast (169K), it will strengthen the expectations of the Fed rate cut. At 15:00 the Fed's monetary policy report will be released, which may clarify the further course of the regulator. If the NFP comes out weak, the dollar may sag and USDCAD may decline. If the data is stronger than expected, the USD will strengthen, which will lift the USDCAD. If the Fed hints at a rate cut, it may weaken the USD, supporting the CAD Resistance levels: 1.4345, 1.4369 Support levels: 1.428 News is uncertainty, as it is impossible to determine the outcome of this situation in advance. Technically, the currency pair looks weak due to the falling dollar. A break of the support at 1.428 may trigger further decline. Regards R. Linda!
Short
by RLinda
1
USD/CAD: Breaking Below Key SupportChart Analysis: USD/CAD is showing signs of weakness, having dipped below the key 1.4300 support level, putting further downside into focus. 1️⃣ Breakdown Below Support: The 1.4300 level, which previously acted as strong support, has now failed. Sustained trading below this level could accelerate bearish momentum. 2️⃣ Moving Averages Tilting Bearish: 50-day SMA (1.4331): Recently breached, acting as newfound resistance. 200-day SMA (1.3872): Remains a key long-term support zone. 3️⃣ Momentum Indicators Reflect Weakness: RSI: 42.68, signaling bearish momentum but not yet oversold. MACD: Sliding further into negative territory, confirming downside bias. What to Watch: If price remains below 1.4300, downside targets include 1.4200, followed by the 1.4000 handle. A recovery back above 1.4300 could neutralize short-term downside pressure. Bearish momentum is building, but a potential oversold bounce could emerge if selling extends too aggressively. USD/CAD is at risk of deeper losses as support turns into resistance—further declines look likely unless bulls reclaim control. -MW
by FOREXcom
Bearish drop?USD/CAD is reacting off the support level which is a pullback support and could drop from this level to our take profit. Entry: 1.4279 Why we like it: There is a pullback support level. Stop loss: 1.4361 Why we like it: There is a pullback resistance level. Take profit: 1.4178 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