Get started

U.S. Dollar / Canadian Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

USDCAD trade ideas

Daily CLS, HTF FVG, Model 1Daily CLS, HTF FVG, Model 1 you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Short
by Dave-Hunter
7
USDCAD, Breakout and follow throughUSDCAD / 1D Hello Traders, welcome back to another market breakdown. The market shows strong bullish momentum, breaking through key resistance levels and signaling a potential continuation to the upside. However, The price is rejecting the Previous all-time high. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the breakout zone for a more strategic entry. If the pullback holds and buying confirms, the next leg higher could target: First Resistance: Immediate levels formed during prior consolidation. Stay disciplined, wait for the market to come to you, and trade with confidence! Trade safely, Trader Leo.
Long
by BTM-LEO
7
USDCAD BUY | Idea Trading AnalysisUSDCAD is moving UP The chart broke through the dynamic resistance, which now acts as support. We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity USDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Long
by TheGrove
11
USDCAD, Breakout or fake fakeout? USDCAD / 1D Hello Traders, welcome back to another market breakdown. The market shows strong bullish momentum, breaking through key resistance levels and signaling a potential continuation to the upside. However, The price is rejecting the Previous all-time high. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the breakout zone for a more strategic entry. If the pullback holds and buying confirms, the next leg higher could target: First Resistance: Immediate levels formed during prior consolidation. Stay disciplined, wait for the market to come to you, and trade with confidence! Trade safely, Trader Leo.
Long
by BTM-LEO
10
USDCAD - Reversal Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈As per our last USDCAD analysis (attached on the chart), it rejected the lower bound of the wedge pattern and traded higher. As USDCAD approaches the upper bound of the wedge, as marked by the red circle, I will be looking for bearish reversal setups to confirm the bearish correction. For now, we wait!⏱️ 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1
USDCAD - Long after filling the imbalances !!Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. My point of interest is if price fills the imbalance lower and then rejects from bullish OB. Fundamental news: On Tuesday (GMT+2) we will see results of CPI on CAD and on Wednesday Interest Rate on USD, followed by FOMC Conference. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
USDCAD H1 ANALYSISUSD/CAD: Bullish Momentum Fades, Downward Correction Expected The USD/CAD pair is currently trading near 1.4280, but its upward momentum is losing steam. Following softer Canadian inflation data and robust US Retail Sales, the pair appears poised for a downward correction. Key Points: - Weaker Canadian inflation data fuels expectations for additional BoC rate cuts. - Strong US Retail Sales data bolsters the US dollar. - Markets eagerly await the crucial Federal Reserve policy meeting for further guidance. - Potential correction targets: 1.4200, 1.4050 Best Wishes Tom 😎
Short
by Tom_Trades_670
Market Analysis: USD/CAD Builds on GainsMarket Analysis: USD/CAD Builds on Gains USD/CAD is rising and might aim for more gains above the 1.4245 resistance. Important Takeaways for USD/CAD Analysis Today - USD/CAD is showing positive signs above the 1.4200 support zone. - There is a contracting triangle forming with resistance at 1.4245 on the hourly chart at FXOpen. USD/CAD Technical Analysis On the hourly chart of USD/CAD at FXOpen, the pair formed a strong support base above the 1.4100 level. The US Dollar started a fresh increase above the 1.4165 resistance against the Canadian Dollar. The bulls pushed the pair above the 1.4200 and 1.4215 levels. The pair cleared the 50-hour simple moving average and climbed above 1.4240. A high was formed at 1.4245 and the pair recently corrected some gains. There was a move toward the 23.6% Fib retracement level of the upward move from the 1.4119 swing low to the 1.4245 high. Initial support is near the 1.4215 level. The next major support is near the 1.4195 level. The main support sits near the 1.4165 zone on the same USD/CAD chart. It is close to the 61.8% Fib retracement level of the upward move from the 1.4119 swing low to the 1.4245 high. A downside break below the 1.4165 level could push the pair further lower. The next major support is near the 1.4120 support zone, below which the pair might visit 1.4050. If there is another increase, the pair might face resistance near the 1.4245 level. A clear upside break above 1.4245 could start another steady increase. The next major resistance is the 1.4320 level. A close above the 1.4320 level might send the pair toward the 1.4365 level. Any more gains could open the doors for a test of the 1.4420 level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
USD/CAD 4hr Timeframe AnalysisUSD/CAD 4hr Timeframe Analysis Trend Analysis: In the 4H timeframe, USD/CAD is in a strong uptrend, creating higher highs and lows. The price has broken through two minor key resistance levels, demonstrating its bullish momentum. Key Observations: The price has retested the previous resistance level, which has now become a minor support zone. After retesting, the price moved up again, creating a new high and starting to accumulate buy orders above the highest key resistance level at 1.41600. The price has now entered the manipulation stage, where it is likely to attract more buyers and create a liquidity zone. Price Action Expectation: Our objective is to wait for the price to return to the key resistance level and break out again. We expect the price to continue its upward momentum and reach new highs. Trade Setup: Buy Stop Entry: 1.41660 (above the highest key resistance level) Stop Loss: 1.41320 (below the liquidity zone) Take Profit: 1.42680 (next minor key resistance) Fundamental Analysis The broader market sentiment remains on balance after the US CPI inflation figures matched market expectations on Wednesday. The US Consumer Price Index (CPI) rose to 2.7% year-over-year in November from 2.6% in October, meeting market expectations. The headline CPI reported a 0.3% reading MoM, in line with the market consensus. Meanwhile, the core CPI, excluding volatile food and energy prices, climbed 3.3% YoY, while the core CPI increased 0.3% MoM in November, as expected.
Long
by RebornFXTrader
4
USD/CAD Sell - 15 minsTrading Idea: USD/CAD Sell Setup Trade Overview: Entry Zone: Near 1.42500 Take Profit (TP): 1.42100 (Key Support Zone) Stop Loss (SL): 1.42738 (Above Resistance) Risk-to-Reward Ratio: ~2.5:1 Technical Analysis: Head and Shoulders Pattern: The chart highlights a clear Head and Shoulders reversal pattern, with the right shoulder forming near the 1.42500 resistance zone. This is a strong bearish signal, indicating a potential shift in momentum to the downside. Rising Wedge Breakout: Price is showing signs of breaking down from a Rising Wedge, a bearish continuation pattern. Bearish candlesticks indicate selling pressure building near the resistance. Key Resistance Zone: The 1.42500–1.42700 area has acted as a strong ceiling for price, resulting in multiple rejections. Sellers have shown dominance at this level, reinforcing the bearish bias. Target Support: The TP at 1.42100 aligns with a prior support level and demand zone, making it a logical target for the move.
Short
by tamrobert20
USDCAD: HTF DT OPPORTUNITYThis is an UPDATE to the previous analysis. Read the notes from the previous analysis (see link below) Due to yesterday's BIG NEWS regarding lower USD interest rates, PA on this pair spiked to the upper Resistance (distal) before showing signs of the DT we anticipated earlier. HIGH TIMEFRAME DOWNTREND Pivot High @ 1.46685 Resistance, Major @ 1.4463 Resistance, Major @ 1.4209 SLO2 @ 1.4536 ⏳ SSO1 @ 1.4270 ⏳ SLO1 @ 1.4188 📉 TP1 @ 1.3763 TP2 @ 1.3337 TP3 @ 1.3024 TP4 @ 1.2539 Support, Minor @ 1.33858 Support, Major @ 1.32522 BLO1 @ 1.2422 ⏳ BLO2 @ 1.2140 ⏳ Pivot Low @ 1.2007
Short
by ProfessorCEWard
FOMC rate meeting is unlikely to deter USDCAD buyersIn October 2024, USDCAD triggered a complex inverse head-and-shoulders pattern forming for 747 days. This pattern suggests a potential move of 777 pips to the upside, with the pair still roughly 375 pips away from the 1.4672 target. In the short term, if the price dips but holds above last Thursday's low of 1.4130, buyers will likely step in and push the price higher. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Long
by ThinkMarkets