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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

A Return to 1:1?As spending heats up considerably with the 5 Trillion USD bill, in my opinion it looks like CAD is set to skyrocket vs the USD once again. The main driving factors include greater industrialization (worlds biggest nuclear plant, more gold/platinum production than the USA, bigger oil reserves than USA), comparatively less spending, less tariffs, expanding to other countries via exports, and the most untapped resources/land with lowest population of any developed nation in the world. Personally, for the next 10 years I'll be heavily focusing on Canadian companies if the CAD breaks the trend line
Long
by PoorMemory
1
USDCAD – July 10 OutlookUSDCAD’s high-risk, high-reward (HRHR) sells from Wednesday are still in play with price currently up 35 pips. Price action remains within the structure as we continue to respect the March trendline, but are now stalling in a tight 4H range. 📍 Key Observations: 1.36647 is acting as strong intraday support Possible retest of yesterday’s or Wednesday’s high could provide another HRHR sell opportunity Break below 1.36527 could open the door for a clean 70-pip move toward 1.35827 🔔 Summary: Patience is essential—watching for either another short-term rejection at resistance or a clean structural break to continue the broader bearish bias.
Short
by Thetraderscollective
USDCAD LONG DAILY FORECAST Q3 D10 W28 Y25USDCAD LONG DAILY FORECAST Q3 D10 W28 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 👀 💡Here are some trade confluences📝 ✅Daily Order block identified ✅4H Order Block identified ✅1H Order Block identified 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Long
by JCFRGNT
USD/CAD carving out a bottom?The USD/CAD is poking its head above a bearish trend line that has been in place since mid-May, in one of the first signs that suggests we may have seen a low in the Loonie. As well as the trend line, the 21-day exponential is also now below price, further suggesting that the tide is turning. Key levels Support levels off this daily chart are seen around 1.3695 then 1.3617 Resistance seen around 1.3750 next, followed by the next round handles like 1.38, 1.39 etc. By Fawad Razaqzada, market analyst with FOREX.com
Long
by FOREXcom
USDCAD My Opinion! SELL! My dear friends, Please, find my technical outlook for USDCAD below: The price is coiling around a solid key level - 1.3669 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.3621 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. 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
1
HARMONICS XABCDHello awesome traders! 👑✨ Let’s kick off the week with a USD/CAD 4-Hour chart — spotting a high-probability Harmonic XABCD Bullish reversal to ride higher. 🧠 Setup Breakdown Pattern Type: Harmonic XABCD Bullish X → A: Uptrend from 1.35399 → 1.37981 A → B: Correction down to 1.36179 B → C: Bounce up to 1.37598 C → D: Final leg down into 1.35567 completes the pattern PCZ: Exact D-point at 1.3555–1.3565 (XABCD harmonic PRZ) ✅ Why This Works Classic XABCD symmetry with precise Fibonacci ratios PRZ confluence at D gives us a tight entry zone 4-hour price action shows clear rejection off D ⚔️ Entry & Risk Management Entry Zone: Long within 1.3555–1.3565 (PRZ/PCZ) Stop-Loss: Below X at 1.3535, ~10–15 pips under D Risk: ≤ 1–2 % of account per trade 🎯 Target Zones Target Zone 1: 61.8 %–78.6 % retracement of X→D → 1.3717–1.3760 Target Zone 2: 100 % extension of X→D → 1.3816 🔍 Confirmation & Invalid Candlestick Rejection: Watch for bullish pin-bar or engulfing at D Structure Break: Close back above the C→D trendline adds conviction Invalidation: A decisive close below 1.3535 (below X & PRZ) negates the setup 💡 Keep It Simple: Pattern → Identify XABCD Bullish PRZ/PCZ → Wait for D completion zone Trigger → Bullish price action at D Continuation → Ride the move into your Target Zones 🔔 Monitor CAD data releases and BoC commentary for catalysts. Wishing everyone a profitable week ahead — stay disciplined, manage risk, and let structure lead, not emotions! 🚀
Long
by TradeChartPatternsLikeThePros
USD/CAD in a Strong Downtrend – Lower Channels Keep FormingUSD/CAD is currently in a strong bearish trend, forming a series of descending channels. The price initially moved lower within a downward-sloping channel, then broke out to the upside, suggesting a reversal or deeper correction. However, this breakout was short-lived. Instead of continuing higher, USD/CAD lost momentum and began forming a new descending channel, resuming its bearish movement. This pattern has repeated, each time the price breaks out upward, it quickly shifts back into a new downward channel, making lower lows each time. This behavior indicates a bearish continuation structure, where temporary upward moves are corrective in nature and serve as setups for the next leg down. The consistent formation of new lower channels after brief pullbacks reflects ongoing selling pressure and trader sentiment favoring the downside.
Short
by FXTradingAnalysis