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USDCAD trade ideas

USDCAD Is Bullish! Long!The USD/CAD exchange rate consolidated near 1.3980 during the European trading session, after the Canadian dollar (CAD) came under pressure due to falling crude oil prices, enabling the pair to recover earlier losses. Given that Canada is the largest crude oil exporter to the U.S., declining oil prices typically dampen CAD sentiment. USD/CAD is displaying a complex technical trend. On the daily chart, the price is currently consolidating around the 1.3980 level. The pair has rebounded from a recent low of 1.3749 and is now attempting to break through the key psychological barrier of 1.4000. If it can surpass both the 1.4000 psychological level and the 1.4050 resistance, further upside toward 1.4150 could be possible. On the downside, key support lies at 1.3890 (the lower edge of the recent consolidation range) and 1.3749 (the recent low). 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
1
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
DECISION OF THE CHIEF VILLAGE BEARJust yesterday, the bears in the woods came into the city, we travelled all the way into Arkansas on AUDUSD but were later deported back to Australia after we hit a Stop loss (a rough ride I must add). Afterwards, the village Chief Bear called for a Bear meeting earlier today and I was present in that meeting. We did not like the deportation style and I could tell you that emotions were heightened in that meeting...damn!. CONCLUSION: The Village Chief Bear decided to send some mercenaries yet again into the city to scout for a flowing river full of fish and also a very nice bee hive, large enough to feed the community, and I am one of them. To carry this out, we need an FVG at a region where we observed some foul play of price. Price action demands that it will come back to that region and as such, we took our strike almost after everything SEEMS right. I am with a bag of fish just incase we get ambushed (do with this info whatever you can), I hope we won't be jailed before being deported this time.
Short
by Iron-D
1
USDCAD Is Bullish! Long! Here is our detailed technical review for USDCAD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.398. The above observations make me that the market will inevitably achieve 1.401 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
USDCAD SELL SETUP📉 USDCAD SELL SETUP – May 14, 2025( This setup wait for the a bearish candle - might be around NY open) 🔻 Entry: 1.39094 🎯 TP: 1.38590 (🟢 50 PIPS) 🛑 SL: 1.39216 (🔴 12 PIPS) ⚖️ RRR: 1:4.1 ✅ 📍 Confluences: 🔸 Clean break + retest from support turned resistance 🔸 Price sitting just below H1 supply zone — weak bullish pressure 🛡 SL Guidance: Once price makes a new M5/M15 low, SL can be manually adjusted to 15 pips max to trail smartly and protect profit. 🎯
Short
by tradingwith_ryann
Could the Loonie bounce from here?The price is falling towards the pivot and could bounce to the 61.8% Fibonacci resistance. Pivot: 1.3904 1st Support: 1.3840 1st Resistance: 1.4063 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
Bullish bounce?USD/CAD is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.3896 Why we like it: There is an overlap support level that lines up with the 50% Fibonacci retracement. Stop loss: 1.3842 Why we like it: There is a pullback support level that lines up with thee 61.8% Fibonacci retracement. Take profit: 1.4061 Why we like it: There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement. 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