Get started

U.S. Dollar / Canadian Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

USDCAD trade ideas

USD/CAD "The Loonie" Bank Money Heist Plan on Bearish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰 This is our master plan to Heist USD/CAD "The Loonie" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰. Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High Stop Loss 🛑: Recent Swing High using 1h timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Short
by Thief_Trader
USD/CAD Weekly Technical AnalysisTrendline and Support Levels: The USD/CAD pair is following a long-term uptrend, as highlighted by the purple ascending trendline. This trendline has acted as dynamic support since 2021, with multiple price bounces validating its strength. Key support levels are marked at 1.33647, 1.31234, and 1.29767. These levels represent potential areas where buyers could re-enter if the price retraces, providing strong zones of interest for long-term traders. Resistance Levels: Immediate resistance is observed around 1.38439, which aligns with recent price rejection. This level has historically acted as both support and resistance, making it an important area to watch. The critical resistance is located at 1.40130. A breakout above this level could signal further bullish momentum, potentially leading to a new high. Volume Profile Analysis: The volume profile (visible range) shows a high concentration of trading volume around the 1.33647 level, indicating a significant area of price acceptance. This zone could act as strong support if the price moves down, as traders may view it as a fair value level. RSI (Relative Strength Index): The RSI appears to be in a neutral range, hovering near the 50 mark, indicating neither overbought nor oversold conditions. However, it would be prudent to monitor RSI for any breakout above 70 or drop below 30, which could signal potential trend reversals or continuation. Volume Analysis: Volume has shown occasional spikes, reflecting heightened activity during key price movements. However, recent weeks have seen average volume levels, suggesting a steady interest from traders without excessive volatility. Outlook and Strategy: Bullish Scenario: A breakout above 1.40130 could trigger further upside momentum, making higher levels a target for long-term bulls. Watch for confirmation through strong bullish candlesticks and increased volume. Bearish Scenario: If the price fails to hold above 1.38439 and closes below the trendline, it could signal a reversal or consolidation phase, with 1.33647 as a key downside target. Traders should watch for bearish signals like a break below the trendline and potential RSI divergence. Conclusion: USD/CAD is currently trading near a significant resistance level, testing the strength of the ongoing uptrend. Traders should watch for a breakout above 1.40130 to confirm bullish momentum, while a break below the trendline could suggest consolidation or a potential reversal. Patience is advised as the price approaches these key levels.
Short
by AngshumanSaikia
Bullish bounce?USD/CAD is falling towards the support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.3863 Why we like it: There is a pullback support level that aligns with the 61.8% Fibonacci retracement. Stop loss: 1.3812 Why we like it: There is a pullback support level that is slightly below the 61.8% Fibonacci retracement. Take profit: 1.3938 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.
Long
by VantageMarkets
USDCAD h4 | Bullish Bounce Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.3867, which is a pullback support that aligns with a 61.8% Fibo retracement. Our take profit will be at 1.3934, a pullback resistance. The stop loss will be placed at 1.3809, which is 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 (www.fxcm.com): 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 www.fxcm.com Stratos Global LLC (www.fxcm.com): 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
1
USD/CAD teeters on bearish reversal brink ahead of US electionBearish reversal patterns generated by USD/CAD on the daily timeframe have enjoyed a decent track record recently, especially following a pronounced bullish trend. That makes today's early price action interesting, with the price reversing hard after closing at fresh 2024 highs on Friday. As the daily candle has yet to be competed, getting short pre-emptively screens as a low probability setup. But if we do see a bearish engulfing candle print, it will provide a decent short setup heading into US election day, especially if the price bounces a touch from current levels. To make the trade stack up from a risk-reward perspective, the price would need to break several nearby levels, including the uptrend from October 15 and horizontal support at 1.3869. If they were to fold, 1.3815 is one potential target with 1.3748 and 1.3700 the next after that. A stop-loss order above Friday's high would offer protection against reversal. Bolstering the case for potential downside, RSI (14) has broken the uptrend it was sitting in after sitting in overbought territory for more than a week, hinting bullish momentum may be starting to turn. While the signal is yet to be confirmed by MACD, that too is looking like it may soon rollover as it moves closer to the signal line. Good luck! DS
Short
by FOREXcom
USD/CAD To Turn? Short Side CaseUSD strength has persisted post strong economic data. FED rate cut bets have dropped opening up the door to rises, in comparison with the BOC cycle (quicker easing). Growth looking to have flatlined in Canada also not helping. Looking for follow through on any price rejection. Technical case for shorts has been around for 2 years or so and these areas have been sustainable. Clear long side profit taking. Short side bias taken as Market awaits sentiment. Potential Post NFP.
by WillSebastian
1
USDCAD VOLATILITY TRADEOn the 12 months chart, price show an impulsive bearish move that took 6 years o complete. In tandem with price action, the bullish correction that is currently active has taken 14 years. Price is yet to contact a fresh long-term supply sitting at 1.544. On the monthly and weekly charts, the structure is still the same. Price is seeking to contact a short term fresh supply at 1.44. On the daily chart, price continues to form new highs. On the short term (daily), we are looking at a bearish price correction fueled by the US election volatility. Price is expected to correct towards the 1.35-1.32 range thereafter resuming the original long term bullish price correction.
by morrisgitau
Can USDCAD Hold 1.387 Support as Pressure Mounts?FxNews —The U.S. Dollar began a pullback against the Canadian Dollar after peaking at the 1.395 resistance on August 5. This dip aligns with an overbought signal from the Stochastic Oscillator since October 10. Currently, USD/CAD is around 1.387, filling the Fair Value Gap. In the 4-hour chart, despite the recent decline, USD/CAD remains above the 100-SMA, keeping the main trend bullish. However, the Awesome Oscillator has turned bearish, and the Stochastic is below 20, signaling a potential consolidation phase. > Immediate Support: 1.387 > Next Support: 1.382 (100-SMA) > Critical Support: October 17 low at 1.375 > Resistance Levels: 1.395, 1.40 Forecast If bears (sellers) close below 1.387, the current downtrend could extend to the 23.6% Fibonacci retracement level, backed by the 100-period simple moving average.
by FxNews-me
1