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U.S. Dollar / Canadian Dollar

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USDCAD trade ideas

USDCAD Will Move Higher! Buy! Please, check our technical outlook for USDCAD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.437. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.445 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
USD/CAD H1 | Potential bullish bounceUSD/CAD is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 1.4347 which is a multi-swing-low support that aligns close to a 38.2% Fibonacci retracement. Stop loss is at 1.4290 which is a level that sits underneath a pullback support. Take profit is at 1.4429 which is a multi-swing-high resistance. 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 (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
USD/CAD 4H Timeframe AnalysisUSD/CAD 4H Timeframe Analysis Trend Analysis: The USD/CAD pair remains in an uptrend on the 4-hour timeframe. The price recently broke above the minor key resistance at 1.4400, forming a strong bullish candle that closed above this critical level. However, an inverted hammer followed, signaling potential market hesitation and a possible reversal. The price entered a manipulation phase, moving lower to grab stop-loss orders below the minor resistance level before showing signs of recovery. The trendlines plotted for key support and resistance levels suggest potential opportunities for reversals or breakouts in either direction. Price Action Expectation: Our objective is to wait for the price to break above the minor key resistance at 1.4400 again, confirming bullish continuation: Entry Plan: Place a buy stop order at 1.44020 to ensure entry upon confirmation of the breakout. Stop Loss: Position below the liquidity grab at 1.43340 for risk management. Take Profit: Target the next resistance at 1.45400, yielding a favorable risk-to-reward ratio of 2:1. Fundamental Insights: The US Dollar (USD) regains some positive traction after Friday’s pullback from a two-year high, buoyed by the Federal Reserve’s hawkish shift, signaling a slower pace of rate cuts in 2025. This outlook supports elevated US Treasury yields, providing a tailwind for the greenback. Conversely, the Canadian Dollar (CAD) continues to face pressure due to domestic political uncertainties and the Bank of Canada’s dovish stance. The BoC recently projected slower growth in Q4 and highlighted concerns about potential new tariffs on Canadian exports to the US, creating an unclear economic outlook. Moreover, Statistics Canada reported weaker-than-expected retail sales for October and stagnation in November. However, an uptick in crude oil prices lends some support to the commodity-linked CAD, potentially capping USD/CAD’s upside. News Consideration: Later today, the Canadian GDP m/m report is scheduled, with a forecasted growth rate of 0.2%. This release could significantly impact the USD/CAD pair, as any deviation from the forecast may trigger volatility. Trade Setup: Trade Type: Buy Stop Entry Price: 1.44020 Stop Loss: 1.43340 Take Profit: 1.45400 Additional Considerations: Key Levels: Monitor price behavior around 1.4400 and 1.43340, as these levels will guide short-term direction. Risk Management: Use proper position sizing to maintain a favorable risk-to-reward ratio, considering the potential volatility from the GDP release. Conclusion: USD/CAD shows bullish potential if the price confirms a breakout above 1.44020. The fundamental backdrop supports USD strength, while CAD remains vulnerable to political and economic concerns. Watch for price confirmation and market reactions to the GDP release to optimize trade execution. Targeting the 1.45400 resistance level offers a compelling opportunity, provided risk is managed effectively.
Long
by RebornFXTrader
USDCAD Analysis:USDCAD has been trending strongly upwards over the past 3 months, with price action indicating a potential push towards the weekly high to seek liquidity. Notably, the previous resistance level has flipped into support, providing a bullish foundation. From a fundamental perspective, the latest COT report reveals that non-commercials are aggressively selling their Canadian dollar positions. Given the USD/CAD pairing, a weaker CAD suggests further upside potential. As a result, we may witness more explosive moves to the upside in the USDCAD pair.
Long
by Mhiztaruges
Commodity currencies are struggling | FX ResearchThe commodity block currencies have been hit hard of late and are once again extending declines to multi-month lows against the US dollar. We're seeing clear divergence in monetary policy outlooks with deteriorating economic data in Australia, New Zealand, and Canada weighing on the respective currencies, while the added risk of trade wars only makes things that much more challenging. Of course, the Canadian dollar is also contending with political drama in Canada amidst a string of key resignations. Economic data has more or less been softer in most major economies outside of the US, including the Euro area. On Tuesday, US data went the other way again with retail sales coming in above forecast. It's been fairly easy to understand why the US dollar has been so well bid and US equities remain propped up. Key standouts on Wednesday's calendar come from UK inflation, Eurozone inflation, US housing starts, and building permits, and of course, the Fed decision late in the day. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
USD/CAD AnalysisThe USD/CAD pair has been trading within an ascending channel but recently broke out, reaching a significant resistance level from March 2020. This resistance appears to have halted the bullish momentum, suggesting the possibility of a correction in the coming sessions. 💡 Key Observations: 1️⃣ The price broke above the ascending channel but is struggling to maintain momentum at the resistance level. 2️⃣ Historical resistance from March 2020 is likely to act as a strong barrier for further upward movement. 3️⃣ Signs of weakness and loss of momentum indicate a potential downward correction. 🔻 Potential Target Zones for Correction: First Target: 1.429 Second Target: 1.421 Longer-term Target: 1.408
Short
by Charts_M7M
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 Is Still BullishAfter the USDCAD had recently risen significantly, the exchange rate is now correcting. This healthy movement offers us the opportunity to enter a new long position in the bullish order block. The momentum in USDCAD is clearly pointing upwards in the medium to long term and retailer sentiment is decidedly bearish, which suggests a further bullish impulse. A bearish order block just below the recent highs would be a good price target for a long trade.
Long
by Ochlokrat
USD/CAD steady ahead of retail salesThe Canadian dollar is showing limited movement on Friday. In the European session, USD/CAD is trading at 1.4384, down 0.11% at the time of writing. On Thursday, the Canadian dollar fell to its lowest level since March, touching 1.4435. Canada retail sales have risen for four consecutive months and the trend is expected to continue today, with a market estimate of 0.7% m/m. The economy outlook remains gloomy and the Bank of Canada is expected to continue lowering rates in order to boost the weak economy. The BoC has been aggressive, cutting rates five times since June for a total of 175 basis points. The central bank slashed the benchmark rate by 50 basis points to 3.25% last week but signaled that it plans a "more gradual approach to monetary policy", which means we can expect 25-bp increments in rate cuts if there are no surprises in inflation or employment data. The "gradual approach" sounds a lot like what we're hearing from the Federal Reserve, which surprised the markets on Wednesday when it lowered its forecast to just two rate cuts in 2025, compared to four cuts in the September projection. The US dollar soared after the rate announcement and the Canadian dollar took it on the chin with losses of around 1% on Wednesday. The incoming Trump administration could be a major headache for Canada, as Trump has pledged to slap tariffs on Canadian products. The Canadian government  has announced enhanced security measures at its border with the US, hoping these moves will encourage Trump to suspend his tariff plans. Canada's Finance Minister Chrystia Freeland resigned earlier this month after a bitter row with Prime Minister Trudeau, which has added political uncertainty that could weigh on the wobbly Canadian dollar. USD/CAD tested resistance at 1.4404 earlier. Above, there is resistance at 1.4463 1.4341 and 1.4282 are the next support levels
by OANDA
USD/CAD - Buy Limit Opportunity at Key Liquidity ZoneUSD/CAD has swept liquidity below a significant support level, creating a high-probability buy limit setup. This price action suggests that the market has absorbed selling pressure, signaling a potential bullish reversal from this zone. Key Observations: Liquidity Grab: A dip below a key support level cleared stop-losses, trapping sellers and setting the stage for a bounce. Market Structure: Early signs of bullish rejection and a shift in momentum suggest a recovery is imminent. Optimal Entry: A buy limit at targets the liquidity zone for a potential upward move. Trade Plan: Entry: Buy limit at , anticipating a bounce from the liquidity zone. Stop Loss: Below the recent liquidity sweep to manage risk effectively. Take Profit: Targeting resistance levels around to capture the bullish move. Risk Management: This setup takes advantage of liquidity dynamics for a strategic entry, but disciplined risk management is key. Keep position sizing appropriate and monitor price action for additional confirmation of bullish intent.
Long
by Vusizwe_Capital
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