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: 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
USCDAD Wave Analysis 22 January 2025 - USCDAD reversed from pivotal support level 1.4290 - Likely to rise to resistance level 1.4455 USCDAD currency pair recently reversed up from the pivotal support level 1.4290 (lower border of the sideways price range from December, which stopped previous waves A and (4)). The support level 1.4290 was also strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the previous upward impulse from December. Given the clear daily uptrend, USCDAD currency pair can be expected to rise in the active impulse wave (5) to the next resistance level 1.4455 (upper border of the active sideways price range).
Long
by FxProGlobal
USD/CAD Buy Trade – Targeting 1.43358Pair: USD/CAD 🇺🇸🇨🇦 Direction: Long 🔼 Target: 1.43358 🎯 Time Horizon: By Tuesday, Jan 21, 23:15 UTC ⏳ USD/CAD has shown consolidation, with signs indicating a potential move upward. Market behavior suggests a gradual push toward the 1.43358 level, aligning with observed price action. This trade is expected to reach its target by Tuesday at 23:15 UTC. Broader market influences, including USD strength and CAD market trends, may play a role in price progression. Monitoring closely for confirmation of anticipated movement. 🔍
Long
by GlobalHorns
Prepare For The Bearish BreakoutOur analysis is based on multi-timeframe top-down analysis & fundamental analysis. Based on our view the price will fall to the monthly level. DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you. Please support our analysis with a like or comment! Let’s master the market together. Please share your thoughts and encourage us to do more by liking this idea.
Short
by dkb14246
1
4 Central Banks, 1 Week Central bank decisions this week are poised to affect currencies, stocks, and bonds. Here’s what’s happening over the next 7 days: The Bank of Japan (BoJ) Monetary Policy Meeting is scheduled for January 23-24, 2025. The yen rose against the dollar on Tuesday as traders anticipated a ~90% chance of an interest rate hike despite tariff concerns tied to Donald Trump’s policies. The US Federal Open Market Committee (FOMC) will meet on January 28-29, 2025. While a rate cut is unlikely this month, a reduction in March or May remains a possibility. The Bank of Canada (BoC) is expected to lower its benchmark interest rate by 25 basis points to 3.00% on January 29, 2025. This decision aligns with growing economic concerns following President-elect Donald Trump proposed 25% tariff on Canadian exports. The European Central Bank (ECB) Governing Council will meet on January 30, 2025. A rate cut appears to be likely, albeit policymakers will be relieved that potential broader U.S. trade tariffs were avoided.
by BlackBull_Markets
Trump’s 25% Tariff Threat and USD/CAD’s Expanding RangeUSD/CAD has quickly become the currency pair to watch as Donald Trump’s tariff threats shake the foundations of North American trade. With rising political uncertainty on both sides of the border and increasingly volatile price action, this pair is presenting both risks and opportunities for traders. Trump’s 25% Tariff Threat Donald Trump wasted no time making waves, threatening Mexico and Canada with 25% tariffs on the first day of his new term. These proposed levies are tied to border security concerns and the ongoing fentanyl trafficking crisis, which Trump has made a key part of his trade agenda. The announcement sent a volatility shock through currency markets, causing the Mexican peso and Canadian dollar to drop. This sharp reaction was compounded by a sense of whiplash— traders had been anticipating a more measured approach after administration officials hinted at restraint. Instead, they were met with heightened uncertainty, a hallmark of Trump’s economic style. Canada now finds itself in a precarious position. Heavily reliant on trade with the US, its economy is already feeling the weight of these tariff threats. As Trump pushes forward with his protectionist agenda, heightened volatility in the USD/CAD pair is likely to persist. Technical Analysis: USD/CAD’s Expanding Range After a strong rally from October to December, USD/CAD has spent the start of the year consolidating. At first, the pair moved within a narrow, orderly trading range, but that calm has given way to a more erratic and volatile expanding range pattern. This shift is a direct result of escalating trade tensions and Canada’s own domestic uncertainties. False breakouts on both sides of the range have become a defining feature. These moves have rattled traders looking for directional clarity, with each false breakout appearing to test the boundaries of the market’s patience. As the expanding range widens, the pair signals an intense tug-of-war between bullish momentum and growing unpredictability. To place this volatility in context, Keltner Channels are an essential tool. They adapt to the increasing volatility while maintaining a focus on the broader trend. A look at the daily chart shows USD/CAD remains above the midline of the Keltner Channel, affirming that the long-term uptrend is still intact. However, the bands are widening significantly, reflecting the heightened uncertainty that traders must contend with. USD/CAD Daily Candle Chart Past performance is not a reliable indicator of future results Traders should approach this pair with caution: • Key support and resistance levels within the expanding range will be critical to watch. • A breakout beyond the upper Keltner Channel, coupled with rising volume, could signal the start of a new trend leg. • It’s essential to account for the volatility when setting stop losses or calculating position sizes. Overly tight stops could easily be triggered by sharp intraday moves, while wider stops demand disciplined risk management. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
by Capitalcom
USDCAD - READY FOR BREAKOUT? / RETRACEMENT?Pair looks somewhat interesting to watch closely. First of all Price Objective for major Bullish Rectangle has been met. Though after several days of struggle and consolidation (within the smaller rectangle) it finally hit target. Most traders would probably have gone short on the long bearish candle and Stop losses just right above it or above the rectangle which coincidentally is PO for broader/major rectangle and all stopped out of their trades. I look forward to price reaching the 1.4300 level (strong confluence point) and an eventual breakout to the downside. Price levels to watch out for also drawn on chart including PO for rectangle (distribution zone range), fib 0.236 & 0.382 retracement levels. Summary Patterns identified 1. Distribution zone (Rectangle). Don't seem like a reversal to me at the moment. 2. Bump and Run (with targets 1.3950 - 1.3700) though not in the short term. A push up and close above 1.4400 (fib. retracement, 0.118) could nullify this analysis.
Short
by GhosTrader_GT