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Canadian Dollar / U.S. Dollar

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CADUSD trade ideas

USD/CAD Bulls Eye 200DMA RetestHaving cleared resistance at 1.3900 on Thursday, a bullish setup has presented itself in USD/CAD ahead of Jerome Powell’s speech at Jackson Hole. Longs could be established above the level with a stop beneath for protection, targeting the 200-day moving average found today at 1.40336. The price has already backtested and bounced off 1.3900 in Asian trade, strengthening the merits of the setup. Momentum signals are firmly positive, with RSI (14) trending higher but not yet overbought, while MACD is also trending higher in positive territory above the signal line. While market pricing for Fed rate cuts is now less rich than just a few days ago, Powell is unlikely to explicitly back a September rate cut in his speech, especially with the August payrolls report on tap early next month. If the price were to reverse back beneath 1.3900 and hold there, the bullish bias would be invalidated, opening the door for strategies to trade the range down to support at 1.3800. Good luck! DS
Long
by FOREXcom
USDCAD OPPORTUNITY VIDEO BREAKDOWN...SIMPLE & STRAIGHTFORWARDHey hey TradingView community! Hope you all are doing amazing! Just wanted to come on and do a video breakdown on the USDCAD currency pair. I wanted to make a video so I could explain a few things I see for it in more depth but also keeping it simple for ya guys! So hope you guys enjoy the breakdown & mindset of the setup and looking forward to the next one! Please boost and follow the page for more accurate analysis and trades :) doing this for you all! Cheers!
Long
by JosePips
USDCAD Top of the Channel issues short-term sell signal.The USDCAD pair has been trading within a Channel Up since the 1D RSI Bullish Divergence started on the June 16 bottom and right now the price is approaching its top (Higher Highs trend-line) yet again. With the 1D MA50 (blue trend-line) acting as Support, we expect as short-term pull-back (at least) as long as the 1D candles close within the pattern. Our Target is 1.37715. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 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 TradingShot
USD/CAD: Inverse Head & Shoulders Playing OutHello guys. The chart is showing a clear inverse head & shoulders pattern, which often signals a potential bullish reversal. Price is now pushing above the neckline, suggesting momentum is shifting to the upside. As long as buyers hold this breakout, there’s room for continuation toward the 1.3853 and 1.3868 resistance levels. Key Levels: Support: 1.3720 (pattern invalidation if broken) Breakout Zone: 1.3800–1.3820 (neckline retest area) Targets: 1.3853 → 1.3868
Long
by melikatrader94
8
USDCAD A Fall Expected! SELL! My dear friends, My technical analysis for USDCAD is below: The market is trading on 1.3881 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.3873 Recommended Stop Loss - 1.3886 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
USD/CAD Daily – Ichimoku Long SetupTrend & Cloud Structure Price cleanly above the Kumo—bullish trend confirmed. Future cloud bullish (Senkou A > B) and thick—solid support ahead. Momentum & Confirmation Tenkan-sen crossing above Kijun-sen — short-term momentum shift. Chikou Span above price — confirmation of bullish intent. Entry & Risk Levels Entry: On daily close above cloud. Stop: Just below cloud’s lower boundary. Target: At least 2x stop-distance; ideally near projected cloud resistance (Senkou B or prior swing high). Caveats If price plunges back into the cloud or Tenkan crosses back below Kijun — invalidate and exit. Use daily timeframe—lower ones produce false signals. Final Thoughts Ichimoku gives a live trend heatmap — use it. Waiting for alignment across cloud, lines, and Chikou gets you in only on structurally solid setups. Thoughts? Will the cloud support or crush this long play?
Long
by yieldzilla888
USDCAD bullish continuation supported at 1.3795The USDCAD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend. Support Zone: 1.3795 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 1.3795 would confirm ongoing upside momentum, with potential targets at: 1.3890 – initial resistance 1.3920 – psychological and structural level 1.3945 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 1.3795 would weaken the bullish outlook and suggest deeper downside risk toward: 1.3770 – minor support 1.3745 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the USDCAD holds above 1.3795. A sustained break below this level could shift momentum to the downside in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation