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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

Macro Technical Analysis of the USD/CAD – Quarterly ChartLet’s take a look at the USD/CAD quarterly (3-Month) chart. Things are looking quite bearish for the coming months as price begins to get squeezed inside the ascending triangle. The bulls have tried multiple times breaking and clearing the 1.4500 price zone but has been met with a strong resistance each time. Considering that the MACD and RSI are diverging to the downside along with this triple resistance, it wouldn’t be a surprise to see the USD/CAD trading lower towards 1.3000 in the coming quarters. Considering this is a long term outlook, price can still fluctuate between 1.3500 and 1.4000ish but based on the current set-up, as of now, the view remains bearish especially with the U.S. Dollar under pressure across the board. A clear break & close above 1.4500 invalidates this view. Good Luck & Trade Safe
by InternalTraderNYC
WHO LOVES A HPT? USDCAD SHORT FORECAST Q2 W21 D21 Y25USDCAD SHORT FORECAST Q2 W21 D21 Y25 WHO LOVES A HIGH PROBABILITY TRADE ? THIS HAS A LOT OF CONFLUENCES GOING FOR IT FROM THE HIGHS! 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📝 ✅Intraday breaks of structure ✅Tokyo ranges to be filled ✅15' order block identified ✅Weekly 50 EMA ✅Daily 50 EMA 🔑 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
Short
by JCFRGNT
USDCAD Consolidation Within Bullish Flag – Targets 1.4130USDCAD is consolidating inside a descending flag structure following a strong impulsive rally earlier in May. The current pullback is orderly and corrective, indicating potential for continuation higher. If price breaks above 1.3960, this flag breakout could extend toward 1.4130 and possibly 1.4225. With CAD weakening on soft oil prices and USD regaining strength from yield-driven flows, the bias remains bullish while price stays above 1.3870. 🔍 Technical Analysis Pattern: Bullish flag forming after a strong rally Support Zone: 1.3870–1.3900 → base of flag Resistance/Breakout Zone: 1.3960–1.3980 → upper flag line Structure: Higher lows holding firm Fib confluence near 1.3933 (23.6% retracement) Target Levels: 1.4130 – 50% fib level + previous structure resistance 1.4225 – 61.8% fib zone from March–April high 📈 Bias: Bullish continuation on breakout 🌍 Fundamental Context 🇺🇸 U.S. Dollar (USD) Supported by: Higher bond yields Fed expected to hold rates higher for longer Safe-haven inflows post-Moody’s downgrade fading USD Index recovering broadly across majors 🇨🇦 Canadian Dollar (CAD) Oil prices softening due to global demand concerns (China slowdown, US inventories) BoC likely done hiking — no fresh bullish catalysts CAD correlation with crude oil adds downside risk if energy markets weaken further 🎯 Trade Plan Entry: Break and close above 1.3960 Stop Loss: Below 1.3870 (flag support zone) Targets: TP1: 1.4130 (structure resistance + fib level) TP2: 1.4225 (swing high + golden ratio) ⚠️ Risk Factors to Watch If USD sentiment shifts (e.g., dovish Fed speaker) → breakout may fail Crude oil rebound would support CAD and cap USD/CAD upside False breakouts common near 1.3960 — wait for confirmation (strong candle close) 🧭 Conclusion USD/CAD remains in a bullish consolidation phase with a clear continuation setup. A break above 1.3960 would confirm a flag breakout targeting 1.4130 and 1.4225. With the macro backdrop favoring the USD and energy-linked CAD weakening, this setup offers clean structure and potential for follow-through.
Long
by ultreosforex
1
USDCAD: Growth & Bullish Continuation Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the USDCAD pair which is likely to be pushed up by the bulls so we will buy! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️ Please, support our work with like & comment! ❤️
Long
by UnitedSignals
1
USDCAD – Sell the Reversal at Key ResistanceTrade Idea Type: Sell Limit Entry: 1.3750 Target: 1.3650 Stop Loss: 1.3800 Risk/Reward Ratio: 2:1 Duration: Intraday Expires: 04/06/2025 06:00 Technical Overview The recent correction higher is likely complete, with price testing strong resistance near 1.3750. A move through 1.3700 will confirm renewed bearish momentum. This area aligns with multiple technical resistance levels, making it a strategic zone to initiate shorts. The measured move target is 1.3625, but this setup looks to capture the move to 1.3650 for a higher probability win. 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 Signal_Centre1
USD/CAD Market ObservationThe USD/CAD exchange rate extended its decline, hitting an intraday low of 1.3673 and a new year-to-date low. The US Dollar Index weakened across the board under multiple bearish factors, while the Canadian Dollar remained strong supported by robust economic data. USD/CAD has fully broken below a key support zone, accelerating its downward trend after breaching the 1.3800 level. Current market sentiment is clearly bearish on the US Dollar. Uncertainties surrounding tariff policies and the strengthening expectation of Federal Reserve rate cuts have left the US Dollar lacking upward momentum. Meanwhile, strong Canadian economic data and expectations that the Bank of Canada will maintain a hawkish stance have provided solid support for the Canadian Dollar. Traders generally believe that with the obvious divergence in fundamentals, USD/CAD still has further downside potential. Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term. Trading Strategy: sell@1.3750-1.3800 TP:1.3550-1.3600
Short
by Ashbur
USDCAD weekly analysis: Jun 1, 2025 – Jun 7, 2025Most important news and situations are for this pair. 1st, BOC rate decision week! 2nd, Iran-US negotiations that could make a real difference to oil markets. 3rd, The relatively strong long-term bullish trendline. ******************************************************************* The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones. Some of these points can also be confirmed by the mathematical intervals of Murray. You can enter with/without confirmation. IF you want to take confirmation you can use LTF analysis, Spike move confirmation, Trend Strength confirmation and ETC. SL could be placed below the zone or regarding the LTF swings. TP is the next zone or the nearest moving S&R, which are median and borders of the drawn channels. ******************************************************************* Role of different zones: GREEN: Just long trades allowed on them. RED: Just Short trades allowed on them. BLUE: both long and short trades allowed on them. WHITE: No trades allowed on them! just use them as TP points
Long
by AliSignals
USDCAD BULLISH OR BEARISH DETAILED ANALYSIS ??USDCAD continues to follow the predicted bearish path, currently trading around 1.38300, and still moving gradually toward our target zone of 1.34300. After a strong bearish impulse from the 1.40391 supply zone, price has consistently formed lower highs, confirming selling pressure and market intent. The recent bounce was shallow, and price is respecting previous resistance levels perfectly, validating the bearish continuation setup. Fundamentally, the Canadian dollar is gaining strength off rising oil prices and improving economic data from Canada, while the US dollar remains under pressure as the market begins pricing in a potential Fed rate cut in the second half of 2025. With softer US economic indicators including lower consumer confidence and slowing GDP growth, the momentum clearly favors CAD in this pair. The divergence in monetary policy outlooks between the Bank of Canada and the Federal Reserve adds further downside bias to USDCAD. Technically, the structure remains bearish, with a clean breakdown below the 1.3900 psychological level and clear rejection at the 1.40300 resistance zone. Market liquidity appears to be shifting below the current price, and with the pair printing consistent lower highs and lower lows, there's significant space toward our target zone near 1.34128. A rejection from the minor pullback zone between 1.38800–1.39000 could provide another entry opportunity for trend continuation traders. USDCAD remains a high-probability short setup in line with both technical structure and current fundamentals. As long as price stays below the 1.40300 resistance, I expect the bearish trend to continue with increased momentum as we approach summer liquidity shifts. This trade is already deep in profit and aligns with key institutional selling zones, making 1.34300 a realistic and conservative target in the coming weeks.
Short
by AndrewsMarket-Mastery
USDCAD -- Wait to see which way...Hello, The weekly for the USDCAD is showing a potential bounce from around 1.37805. However, price is below 200 MA for D, 4HR & 1HR; Weekly and Monthly are still strong bullish for 200 MA. I would like to see a hammer followed by a bullish engulfing candle as in past weeks - that would put me in a buy position targeting ~1.43566. Price currently is trying to bust out of resistance set from Oct of 2022. For the short game, price is almost touching the Hourly 200 MA. As always, we'll wait and see and go with the flow!
by WolfBladeTrading
USDCAD Bullish Setup – Watching Key Breakout LevelUSDCAD has tested the lower trend line and is showing signs of a potential reversal. The overall trend remains bullish, but additional confirmation is needed before entering. I’ll be looking to go long above 1.39734, which would signal a strong breakout continuation. 🔹 Trend: Bullish 🔹 Entry Idea: Long above 1.39734 🔹 Confirmation Needed: Break and retest or strong bullish momentum 🔹 Support Zone: Around the trend line 🔹 Resistance: Monitor previous highs once breakout occurs Let me know your thoughts or drop your chart in the comments below!
Long
by clintonHFX
USD/CADThe pair has been in a clear downtrend, forming a bottom around the 1.3665 area, followed by a noticeable bullish rebound with consecutive bullish candles. Key Support Zone: 1.3665 – Represents the recent bottom and a significant reversal point. Upcoming Resistance Levels: 1.3818: A horizontal resistance that has been tested multiple times and is close to the current price. 1.3860 – 1.3880: A strong resistance zone, marking a previous reversal point. 1.3920 – 1.3950: The next resistance zone after a breakout, corresponding to a prior lower high. Bullish Scenario (currently more likely): If the upward momentum continues, price may reach the 1.3860 zone and potentially break above it toward 1.3920, provided it stabilizes above 1.3818. Bearish Scenario (if the rally fails): If the price forms a reversal candle near 1.3818 and fails to break through, a pullback may occur toward 1.3730, and possibly retest 1.3665.
Long
by SalemSignals