Get started

U.S. Dollar / Canadian Dollar

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

USDCAD trade ideas

USDCAD INTRADAY trend changeThe USDCAD currency pair remains in a bearish trend, with the recent price action reflecting an oversold bounce. Despite the temporary rebound, the overall sentiment remains weak unless a decisive breakout occurs. Key Levels to Watch: Resistance Levels: 1.4338 (critical level), 1.4413, 1.4475 Support Levels: 1.4276, 1.4200, 1.4139 Bearish Scenario: A rejection from the 1.4338 resistance level could reaffirm the downside bias, leading to a continuation of the bearish move toward 1.4276, with further declines targeting 1.4200 and 1.4139 over the longer timeframe. Bullish Scenario: A breakout above 1.4338 with a daily close above this level would challenge the bearish sentiment, opening the door for further upside movement toward 1.4413, followed by 1.4475. Conclusion: The market sentiment remains bearish, with 1.4338 as a critical resistance zone. A rejection from this level would reinforce the downtrend, while a confirmed breakout would shift the outlook to bullish, favoring further upside gains. Traders should closely watch price action at this key level for confirmation. 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
USDCAD is ready to short againNo 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
Short
by thegoldenbear
USDCAD BEARISH REVERSAL IMMINENT *USD/CAD: Bearish Reversal Imminent?* A high-probability selling opportunity has emerged in the USD/CAD pair, with a critical resistance zone in play. *Trade Parameters:* - *Sell Zone:* 1.43300 - 1.43800 - *Profit Targets:* - TP1: 1.42400 - TP2: 1.41500 - *Stop-Loss:* 1.44600 *Rationale:* 1. *Confluence of Resistance:* The USD/CAD pair has reached a robust resistance zone, where sellers are likely to intervene. 2. *Bearish Momentum:* Technical indicators are flashing bearish signals, hinting at a potential downturn. 3. *CAD Strength:* A resurgent Canadian Dollar, fueled by rising oil prices and a sturdy economy, may exacerbate the USD/CAD decline. *Market Analysis:* The USD/CAD pair is experiencing a consolidation phase following a recent upswing, with market participants exercising caution ahead of key economic data releases. A breach of the 1.42400 support level could precipitate a sharp decline. *Trading Plan:* Sell USD/CAD within the designated zone (1.43300 - 1.43800), with a stop-loss at 1.44600. Utilize the profit targets to secure gains or adjust the stop-loss to break even. Keep remembering the Travis with best wishes👍
Short
by Expert_Travis
3
Falling towards pullback support?The Loonie (USD/CAD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which is a pullback resistance. Pivot: 1.4236 1st Support: 1.4150 1st Resistance: 1.4359 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1
Lingrid | USDCAD potential Selling OPPORTUNITY Post-Sell-OffThe price perfectly fulfilled my last idea . It hit the target level. Following the bearish movement, FX:USDCAD made a pullback, and on the daily timeframe, it formed a long-tailed bar that suggests a potential retest of the zone above the 1.4200 level. After the recent drop, the market is now moving sideways, just above the previous day low. If the market breaks and closes below this low, it may retest the support zone below. However, considering that the price action remains within the weekly range, it could continue to oscillate between the upper and lower boundaries. I expect a downward move if the price holds below the upward trendline. My goal is support zone around 1.42615. Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Short
by Lingrid
9
Bullish bounce?USD/CAD is falling towards the support level which is a pullback support that is slightly above the 127.2% Fibonacci extension and also line sup with the 61.8% Fibonacci projection and could bounce from this level to our take profit. Entry: 1.4242 Why we like it: There is a pullback support level that line sup with the 61.8% Fibonacci projection and also slightly above the 127.2% Fibonacci extension. Stop loss: 1.4151 Why we like it:} There is a pullback support level that lines up with the 100% Fibonacci projection. Take profit: 1.4357 Why we like it: There is a pullback resistance. 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
1
USDCAD What Next? SELL! My dear subscribers, This is my opinion on the USDCAD next move: The instrument tests an important psychological level 1.4356 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.4330 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. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
4
Bearish reversal?The Loonie (USD/CAD) is rising towards the pivot and could reverse to the 1st support which line sup with the 61.8% Fibonacci projection. Pivot: 1.4385 1st Support: 1.4238 1st Resistance: 1.4485 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
6