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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

1-hr USD/CAD: Strong Bullish Momentum The announcement of new Trump tariffs targeting Canada caused the USD/CAD pair to surge by 200 pips in a single day. From a technical standpoint, a Golden Cross has emerged—a strong buy signal. This classic pattern occurs when a short-term moving average crosses above a longer-term moving average, signaling that buyers are in control. A short-term pullback was anticipated, and it is now materializing. The price attempted to test the critical 61.8% Fibonacci retracement level but rebounded upward. Traders looking to capitalize on the robust uptrend could aim for a better risk-to-reward ratio by waiting for a dip below 1.4050. This level aligns with the 50% Fibonacci retracement, offering a potentially lower entry point to position for further gains. This scenario highlights the interplay of market sentiment and technical signals, emphasizing the importance of strategic timing for optimal trade setups.
Long
by Trendsharks
USDCAD Analysis - Long Setup - Trendline PlayI have been activated in a long position on USDCAD. Here’s my reasoning: The downward trendline has been broken, as confirmed by a candle body close above it. The upward trendline is still intact, suggesting potential bullish continuation. Trade Details: Entry Point: At the 1-hour resistance zone. Stop Loss: Placed below the upward trendline and the recent lower low for added protection. Target: Aiming for the daily high as the primary take-profit level. This setup aligns with my strategy for trading trend reversals and continuations.
Long
by PipShiesty
USDCAD H4 | Bullish ContinuationBased on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.4028, which is a pullback support close to 61.8% Fibo retracement. Our take profit will be at 1.4028, a pullback resistance. The stop loss will be placed at 1.3953, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
USDCAD Possible Long Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - CSAK + Entry in MALO Note: * Cancel trade or cut-loss when candle close Below MAHI (2 Red Color Lines) in 4H * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Long
by GreggiBond
1
Could the Loonie bounce from here?The price is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as an overlap resistance. Pivot: 1.4008 1st Support: 1.3951 1st Resistance: 1.4094 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
USD/CAD price action: Trump's tariffs and the loonieUSD/CAD is approaching 1.4180, its lowest since mid-2020, influenced by Trump's recent 25% tariff hike impacting Canadian exports like oil, gas, and vehicles. While these tariffs pose challenges, Canada's economy shows resilience with higher-than-expected inflation and strong employment data, reducing the likelihood of significant rate cuts by the Bank of Canada. Concurrently, the US dollar strengthens, supported by anticipated policy changes and tariff impacts.
by tastyfx
Trump tariff news absorbed by the market | FX ResearchCurrencies are already in recovery mode. After absorbing the news of President-elect Trump vowing to impose tariffs on China, Canada, and Mexico, even the Canadian dollar, which slumped to its lowest level since mid-2020 against the buck, has been trying to find some demand. Bank of Canada Governor Mendez is on the docket today, and it will be interesting to see what the central banker has to say on the matter. Overall, it does feel like the fact that Trump failed to mention Europe tariffs was somewhat helpful to the euro, the pound, and perhaps currencies overall. Meanwhile, as we've already highlighted, the dollar has rallied to levels where it is becoming more attractive for medium- and longer-term players to consider a possible move in the other direction. Otherwise, risk assets are well-supported, as reflected in U.S. equity futures. Looking ahead, we have Canada wholesale sales, U.S. new home sales, U.S. consumer confidence readings, Richmond Fed manufacturing, and the key event of the day: the Fed minutes, which will be released later. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
Could the Loonie drop from here?The price is reacting off the resistance level which is a pullback resistance that aligns with the 23.6% and the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.4087 Why we like it: There is a pullback resistance level that lines up with the 23.6% and the 38.2% Fibonacci retracement. Stop loss: 1.4177 Why we like it: There is a pullback resistance level. Take profit: 1.4008 Why we like it: There is an overlap support level that is slightly below 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.
Short
by VantageMarkets
Maximize Your USDCAD Trading: Key Insights for Next Weekthis was posted on 11/25/2024 USDCAD has been trading around 1.40 recently, reflecting a shift in market dynamics as inflation pressures in Canada fortify the Canadian dollar against the US dollar. This movement suggests that traders might anticipate sustained strength for CAD, particularly as central banks recalibrate their monetary policies in response to changing economic conditions. -Key insights for USDCAD traders include monitoring the inflationary landscape and interest rate adjustments by the Bank of Canada. Recent data indicates stronger-than-expected inflation, hinting at a potential hawkish stance that could support the Canadian dollar. Traders should be aware of critical support and resistance levels: support at approximately 1.39 and resistance at 1.41, which could become pivotal for trading strategies. -Expert analysis indicates a cautious optimism within market sentiment. Despite predictions of stronger growth within equity markets, concerns persist about lower long-term returns, necessitating prudent asset allocation and market timing. Current mood around USDCAD shows mixed reactions, suggesting that traders should brace for potential volatility amid evolving economic indicators. -Sentiment Analysis: - Current sentiment: 0 - Last week: 20.0 - Change: -20.0 - Total mentions: 9 -Price Targets based on professional traders' expectations: - Next week targets (T1): 1.43 - Next week targets (T2): 1.45 - Stop levels (S1): 1.39 - Stop levels (S2): 1.37 -News Impact: The recent strong inflation readings in Canada are likely to shape market reactions, driving traders to reassess expectations regarding yields and monetary policy. The anticipated tightening measures could lead to both opportunities and challenges for USDCAD, particularly as market participants respond to forthcoming economic data and any shifts in central bank narratives.
Long
by CrowdWisdomTrading
+100/+150 pips USDCAD XABCD Short it From PRZ🔸Hello traders, let's review the 1H chart for USDCAD today. Speculative XABCD reversal structure in progress, point D/PRZ requires confirmation. 🔸Structure is defined by point X 4030, point A 3940 point B 4010, point C 3920, point D 4040. D/PRZ at 4040 still pending. 🔸Recommended strategy for USDCAD traders: wait for price to max out hit PRZ/D at/near 4040, short sell, SL 40 pips, TP1 +100 pips TP2 +200 pips. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
14