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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

Bullish Breakout from Falling WedgeCurrently, the USD/CAD is in a crucial support area. The weakness of the US dollar and the improvement in the fundamental aspects of the Canadian dollar have created a tug-of-war between bulls and bears. Traders are adopting a strategy of selling high and buying low within the range of 1.3760-1.3844. Once the resistance/support level is broken through, they will follow the trend accordingly. you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
Long
by HilaryBloomer
Long trade 1Hr TF overview 30 TF entry 🟩 Buyside Trade Log 📈 Pair: USD/CAD 🏷️ Type: Intraday | Tokyo Session PM 🧠 Setup: Breakout 🆔 Trade ID: #USDCAD-0512A 📅 Date: Monday, 12th May 2025 🕔 Time: 5:00 PM 🔹 Entry Price: 1.39273 🔹 Profit Target: 1.41764 (+1.79%) 🔹 Stop Loss: 1.38991 (-0.20%) 🔹 Risk-Reward Ratio: 8.83 🔍 Reasoning: Price action context Buyside trade initiated based on Wyckoff methodology, identifying accumulation phases during the Tokyo PM session. Breakout entry was timed as price moved out of the accumulation zone, aligning with Phase D, where price begins to mark up toward higher liquidity zones.
Long
by davidjulien369
Pottential buy at 0.39000Trading Journal Entry – Trade Setup: Monitoring a potential buy opportunity around the 0.39000 level. Rationale: On the higher timeframes (Daily/Weekly), the 0.39000 zone stands out as a significant long-term support level. This area has historically acted as a strong demand zone, where price found solid buying interest and reversed to the upside. It represents a potential accumulation area, likely to attract institutional orders if retested. The overall market structure suggests a mean-reverting behavior, and with price approaching the lower bounds of the historical range, this level could serve as a high-probability entry point for long positions, especially if supported by bullish confirmation on lower timeframes. Price action and momentum indicators will be monitored closely for signs of strength and reversal near this level.
Long
by SkyLegendary
USDCAD:Sharing of the Latest Trading StrategyAll the trading signals this week have resulted in profits!!! Check it!!!👉👉👉 Technically, the USD/CAD encountered resistance and fell near 1.3950. If it can firmly stand above 1.3930, it is expected to challenge the resistance level of 1.4060-1.4080. If it breaks below 1.3900, pay attention to the support level of 1.3750. In terms of news, the leaders of the United States and Canada announced the reaching of a limited bilateral trade agreement, which boosted the Canadian dollar. In terms of trading operations, one can try to open a long position with a small position near 1.3930. Trading Strategy: buy@1.3900-1.3930 TP:1.4000-1.4050 The signals in the Signature have brought about continuous profits, and accurate signals are shared every day. Hurry up and click to get them! 👇 👇 👇 Obtain signals👉👉👉
Long
by PagAugustine
Canadians Are DustedEssentially they have given their nation to communism and will suffer the consequences of poor economic performance especially when compared to the US. Over the long term CAD has only gotten weaker, and if you go back to 2007-2008 you see a massive dollar rally. Due to future economic turmoil I see again the dollar outperforming similar to 07-08 and making new all time highs. We have already seen a retracement of all the gains USD made against CAD this year, in my opinion was expedited due to Trumps tariff tweets, now we shall begin the trend towards new highs. While that is the macro view, my short term trade is that USD will see buys to 1.40. Only at that level is the potential for further downside possible. But till then we will see price move towards 1.40 after a retracement to 1.383 Note my chart is inverted Just to be clear, first we will see shorts to 1.383, then we will see buys to 1.40. So a retracement then a continuation of the bullish dollar.
Long
by CryptoKarmaker
USDCAD Wave Analysis – 9 May 2025- USDCAD reversed from support area - Likely to rise to resistance level 1.3980 USDCAD currency pair recently reversed up from the support area between the support level 1.3800 (which has been reversing the price from April), lower daily Bollinger Band and the support trendline of the daily down channel from March. The upward reversal from this support area started the active short-term ABC correction 4. USDCAD can be expected to rise to the next resistance level 1.3980 (target price for the completion of the active ABC correction 4).
Long
by FxProGlobal
Canadian dollar shrugs after mixed employment numbersThe Canadian dollar is steady on Friday, after a two-day slid in which the loonie declined by 1%. In the North American session, USD/CAD is trading at 1.3911, down 0.09% on the day. On the data calendar, Canada released the employment report and there are no US economic releases. The April employment report didn't show much change and the Canadian dollar has shown little reaction. The economy added 7.4 thousand jobs, rebounding from the loss of 32.6 thousand in March and above the market estimate of 2.5 thousand. At the same time, the unemployment rate climbed to 6.9%, higher than the market estimate of 6.8% and above the March reading of 6.7%. This was the highest level since Nov. 2024. The rise in unemployment is likely a reflection of the US tariffs. Canada's exports to the US were down in March, hurting businesses that export to the US. If the tariffs remain in place, weaker demand from the US could significantly damage Canada's economy. The Bank of Canada released its Financial Stability Report on Thursday. The BoC said that the financial system was strong but warned that a prolonged trade war between Canada and the US could lead to banks cutting back on lending, which would hurt consumers and businesses and damage the economy. The report said that the unpredictibility of US trade policy could cause further market volatility and was a risk to financial stability. The Federal Reserve maintained rates earlier this week and Fed Chair Powell said the Fed was in a wait-and-see-stance due to the uncertainty over the US tariffs. We'll hear from seven Fed members on Friday and Saturday, who may provide some insights on where rate policy is headed. The markets have priced in a rate hike in June at only 18%, down sharply from 58% a week ago. USD/CAD is testing resistance at 1.3928. Above, there is resistance at 1.3935 1.3922 and 1.3915 are the next support levels
by OANDA
USDCAD – Bullish Continuation Setup potential for a second bullish leg in line with the trend. This structure suggests a classic 2-leg continuation pattern, with the current pause acting as a base before further upside. 📈 Trade Idea: Entering a long position after confirmation of consolidation breakout, aiming for the next key resistance around 1.4075. 📊 Entry: ~1.3910 🛑 Stop Loss: Below structure (around 1.3866) 🎯 Take Profit: 1.4075 📐 Structure: Bullish flag / 2-leg pattern
Long
by EhsanFibo
USDCAD – 15TF Technical & Fundamental AnalysisUSDCAD – 15TF Technical & Fundamental Analysis Technical Analysis: On the 15-minute timeframe, the USDCAD pair remains in an overall bullish structure. Price action recently tested and breached the minor resistance zone at 1.39300, which coincides with a Fair Value Gap (FVG). However, this breakout was short-lived, as price reversed sharply, indicating a possible liquidity grab and subsequently breaking below the minor support level at 1.39190—now acting as a sell-side liquidity zone. Our short-term strategy involves closely monitoring for a bullish confirmation candle closing above the FVG, with a potential entry point near 1.39320. Stop-loss placement is advised just below the FVG, and the initial target would be the next resistance area around 1.39500. Alternatively, if the price fails to hold above the FVG and continues to break lower, we anticipate a bearish continuation toward 1.39000, aligning with the next liquidity pocket. Fundamental Analysis: The U.S. dollar has shown continued strength, driven by hawkish signals from the Federal Reserve. Chair Jerome Powell has indicated a wait-and-see approach regarding rate adjustments, offering no immediate relief through rate cuts. This stance, along with improved geopolitical sentiment following a U.S.–U.K. trade agreement, has bolstered investor confidence in the greenback. In contrast, the Canadian dollar is underperforming due to rising economic headwinds and trade uncertainties. The Bank of Canada has issued caution over prolonged trade tensions, highlighting risks to financial stability and consumer debt. Furthermore, recent Canadian employment data revealed an increase in the unemployment rate from 6.7% to 6.8%, casting further doubt on short-term CAD resilience. 📌 Disclaimer: This is not financial advice. As always, wait for proper confirmation before executing trades. Manage your risk wisely and trade what you see, not what you feel.
Long
by RebornFXTrader
USDCAD Massive Long! BUY!The USD/CAD exchange rate is currently at a critical juncture, and the Fed's interest rate decision will be the focus of the market in the near future. Traders generally expect the Fed to keep interest rates unchanged at this meeting, but the market is more concerned about Powell's statement at the press conference, especially his response to tariff uncertainty and the political pressure from Trump to cut interest rates. However, the domestic data in Canada is putting pressure on the Canadian dollar. The seasonally adjusted Ivey Purchasing Managers' Index in Canada in April was much lower than expected, dropping from 51.2 in the forecast to 48.0, indicating that business sentiment is deteriorating. Recently, after the exchange rate broke through the important psychological level of 1.3900, the kinetic energy has further increased, and it has quickly approached the 1.3750 support area. The RSI indicator is currently at the 35.49 level. Although it has not yet entered the strict oversold area, it is already close to this level, which may mean that a technical rebound will occur in the short term. Currently, the 1.3750 - 1.3700 range has become a key support area. This area is both a key technical position and a psychological support. If this range is broken, the next target may be the 1.3610 level. The resistance levels above are first 1.3900, and then the psychological level of 1.4000. you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
Long
by HilaryBloomer
USDCADThere’s a potential sell opportunity on USDCAD, and I personally plan to take this trade. Most likely, this will be my last trade for the day—I'm not expecting to open any more positions after this one. 🔍 Criteria: ✔️ Timeframe: 15M ✔️ Risk-to-Reward Ratio: 1:2 ✔️ Trade Direction: Sell ✔️ Entry Price: 1.37884 ✔️ Take Profit: 1.37706 ✔️ Stop Loss: 1.38003 🔔 Disclaimer: This is not financial advice. It's a trade I’m taking based on my own system, shared purely for educational purposes. 📌 If you're also interested in systematic and data-driven trading strategies: 💡 Don’t forget to follow the page and subscribe to stay updated on future analyses.
Short
by Nurlan_PT