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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

Bearish reversal?USD/CAD is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.4366 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement. Stop loss: 1.4447 Why we like it:} There is a pullback resistance level. Take profit: 1.4345 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
Bearish reversal?The Loonie (USD/CAD) is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as a pullback support. Pivot: 1.4359 1st Support: 1.4165 1st Resistance: 1.4486 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
1
USD/CAD Breakout! Short Opportunity Ahead!Post: 💡 USD/CAD Analysis: The price has broken below the ascending trendline, confirming a bearish trend. Currently, the market is retesting the previous support zone, with a high probability of further downside movement. 📉 Sell Setup: Entry: 1.43642 Stop Loss: 1.43941 (To avoid market noise) Take Profit: 1.43089 (Potential support area) 🔎 This setup is ideal for traders who prefer breakout and retest strategies. Keep a close eye on price action to manage the trade effectively! 📊 Personal View: This trade offers a good risk-to-reward ratio, but be cautious of economic news that may cause volatility. What’s your take on this setup? Let’s discuss! 👇
Short
by seventeacup
1
USD-CAD Bearish Breakout! Sell! Hello,Traders! USD-CAD kept bouncing Off of the horizontal support Of 1.4355 but then it was Finally broken and the breakout Is Confirmed so we are locally Bearish biased and we will be Expecting the pair to go Further down Sell! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TopTradingSignals
2
USD/CAD Bullish Setup: Key Support Holding for Potential Upside This chart represents a technical analysis of the USD/CAD currency pair on the 1-hour timeframe. Here's a breakdown of the key elements: Key Indicators & Levels: Exponential Moving Averages (EMA): 200 EMA (Blue Line): 1.43906 (Long-term trend indicator) 30 EMA (Red Line): 1.43859 (Short-term trend indicator) Support & Resistance Zones: Support Zone (Purple Area, Lower): Around 1.43658 Resistance Zone (Purple Area, Upper): Around 1.44500 Trade Setup: Entry Point: Near 1.43753 (Current Price) Stop Loss: Below 1.43658 (Red zone at 1.43158) Take Profit Target: 1.45425 - 1.45433 (Blue zone) Potential Trade Direction: The price is expected to bounce from the support zone and move upwards. A break above the resistance zone (~1.44500) would confirm bullish momentum. The projected target is 1.45425 - 1.45433. Conclusion: Bullish Outlook: If the price respects the support zone and breaks above 1.44500. Bearish Risk: If the price falls below 1.43658, the setup would be invalid. EMA Perspective: The price is fluctuating around the 200 EMA, suggesting a potential trend shift. Would you like a more detailed breakdown or any additional insights
Long
by EA_GOLD_MAN_COPY_TRADE
Descending Triangle on USDCADNoticing a descending triangle chart pattern on the 4H timeframe for USDCAD. The descending triangle is a neutral pattern suggesting two scenarios but usually plays out on bearish scenarios. Price had been giving us LHs and equal lows. Combined with the corelation with DXY we may see bearish movement. However, confirmation is key. A break below the support will confirm the bears are in control. Alternatively, a break above the trendline AND the resistance I marked out suggests the bulls are in control.
by KufreFX_
usdcad still in range ? The USD/CAD is sitting at a critical support level in its rectangular trading range. The VRVP (Volume-Weighted Average Price) shows strong institutional interest right here, and the COT reports suggest leveraged traders aren't aggressively buying USD. This points to a potential bounce or consolidation zone. The daily chart and hourly timeframe are both showing similar signs - we're at a key support where smart money seems to be positioning themselves. It's a classic setup where the market is potentially setting up for a move, but waiting for a clear catalyst. The key is watching how price respects this support level and looking for confirmation of either a bounce or a breakdown. i would want to see a solid rejection of these lower prices or a clean break below. if not the range will confirm for now
Long
by youbicode