Get started

Canadian Dollar / U.S. Dollar

No trades
See on Supercharts
OverviewIdeasDiscussionsTechnicalsSeasonalsEconomic Calendar

CADUSD trade ideas

USDCAD – Short Opportunity at Daily Resistance (1.3945 – 1.3965)The USDCAD pair is currently testing a critical daily resistance zone between 1.3945 and 1.3965. This area has historically acted as a strong supply zone where sellers stepped in and pushed the price lower. From a technical perspective, the recent bullish rally brought the price directly into this resistance block, while momentum indicators (RSI / Stochastic) are showing overbought conditions on both H4 and H1 timeframes. This combination suggests that a potential correction could occur from the current levels. 🔎 Technical Outlook Resistance Zone: 1.3945 – 1.3965 (red area) TP1: 1.3900 → first short-term support, potential initial profit-taking area TP2: 1.3868 → key Fibonacci retracement level, stronger support zone Stop Loss: Above 1.3965 → a confirmed breakout here may open the path toward 1.4000–1.4020 ⚖️ Risk/Reward Risk/Reward ratio ≈ 1:2.5, providing a favorable setup for swing traders. Entry near resistance offers limited downside risk compared to the potential reward toward Fibonacci levels. 📌 Trading Idea Sell Entries: 1.3945 – 1.3960 Targets: TP1: 1.3900 TP2: 1.3868 Stop Loss: Daily close above 1.3965 If the pair breaks and sustains above 1.3965 on a daily closing basis, bullish momentum could extend toward the psychological 1.4000 level, invalidating the short setup. 💡 Conclusion USDCAD is offering a potential short setup from a well-defined daily resistance zone. As long as the 1.3965 level holds, the pair may correct toward 1.3900 and even deeper to 1.3868. A break above 1.3965, however, would signal bullish continuation. #USDCAD #Forex #FX #CurrencyTrading #TechnicalAnalysis #PriceAction #ChartAnalysis #TradingView #MarketOutlook #ForexTrading #SwingTrade #DayTrading #RiskReward #PriceLevels #ForexSetups
Short
by MH20
USDCAD H1 | Bullish continuationUSD/CAD has bounced off the buy entry which is a pullback support and could potentially rise from this level to the upside. Buy entry is at 1.3829, which is a pullback support. Stop loss is at 1.3808, which is a pullback support. Take profit is at 1.3867, which is a pullback resistance that lines up with the 161.8% Fibonacci extension. 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 (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% 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 (tradu.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 Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by Tradu
Short! Short! USDCAD - Double Head and Shoulder PatternI have identified a clear head and shoulders pattern forming within a larger head and shoulders structure on the daily timeframe for USD/CAD, indicating a potential bearish reversal. From a fundamental perspective, several key factors are contributing to the current weakness in the Canadian dollar against the US dollar: Canada's labor market showed significant weakness in August 2025, with a notable loss of 65.5 thousand jobs and a rise in unemployment to 7.1%, the highest in years. This has increased market expectations for monetary easing from the Bank of Canada (BoC). Although core inflation remains above target, the weak jobs data is pushing the BoC towards potential rate cuts or a more accommodative policy stance, which weighs on the Canadian dollar. The market is currently pricing in a very high chance (around 98%) of an additional rate cut by the BoC in September, following previous reductions to 2.75%. This dovish stance contrasts with the Federal Reserve’s more cautious or hawkish approach, creating a wider interest rate differential that supports US dollar strength. Additionally, declining oil prices, a major export for Canada, are exerting further downward pressure on the CAD. While recent US economic data has been mixed, the Fed is generally seen as less dovish than the BoC, sustaining demand for the USD. Trade tensions and geopolitical risks between the US and Canada add to concerns over Canada’s growth outlook, contributing to CAD depreciation risk. Trade Tip A strong close below the Entry line will be a perfect entry /4hr TF Stoploss : Above the Left Shoulder (Red Rectangle) In summary, the combination of a weakening Canadian economy, dovish BoC bias, lower oil prices, and interest rate divergence between the US and Canada all support a bearish outlook for USD/CAD, which aligns well with the bearish head and shoulders pattern I have spotted on the chart. Not an Investment Advise
Short
by REUBEN_EUSTACE
USD/CAD(20250925)Today's AnalysisMarket News: Chicago Fed President Goolsbee, a voting member of the FOMC this year, warned against a series of rate cuts, stating he remains concerned about inflation and is unwilling to support a rate cut at the next meeting. San Francisco Fed President Mary Daly, however, believes that slowing economic growth and labor force growth, coupled with lower-than-expected inflation, may warrant further rate cuts. Technical Analysis: Today's Buy/Sell Levels: 1.3877 Support and Resistance Levels: 1.3952 1.3924 1.3906 1.3848 1.3829 1.3801 Trading Strategy: If the market breaks above 1.3906, consider a buy entry, with the first target at 1.3924. If the market breaks below 1.3877, consider a sell entry, with the first target at 1.3848.
Short
by GoldenBigAge
USDCAD SELL SETUP OPPORTUNITY IF PULLBACKHello traders I wish you a great WEDNESDAY, Here's my point of view about CMCMARKETS:USDCAD TECHNICALLY: HIGHER TIME FRAMES such as DAILY WEEKLY show a liquidity grab before a bearish momentum near the 2-3 previous weekly highs around the 1.38800. This liquidity grab was released last week on Thursday- Friday. Then price re-integrated and gave us a valid sell setup that was aligned with our strategy to sell at the H4 GAP RETEST. Right now, price is very over extended and we are all waiting for pullbacks. Either way, we all have to wait for FOMC to be released today & CAD rates released. This will invalidate or confirm our setup. Next target is the previous monthly low at 1.37250. I am interested to sell close the 1.3800O OR ABOVE THE PREVIOUS DAILY HIGH. FUNDAMENTALLY All eyes on today's FOMC! a change in the US DOLLAR SENTIMENT can invalidate the setup! However, if we stick with the same tone, then US will likely continue bearish! You may find more details in the chart! Thank you and Good Luck! MAKE SURE TO STAY STRICT WITH YOUR RISK MANAGEMENT! PS: Please support with a like or comment if you find this analysis useful for your trading day.
Short
by AIRFOREXONE_
Bearish reversal off 61.8% Fibonacci resistance?USD/CAD is rising towards the resistance level, which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.3831 Why we like it: There is an overlap resistance that aligns with the 61.8% Fibonacci retracement. Stop loss: 1.3879 Why we like it: There is a pullback resistance. Take profit: 1.3729 Why we like it: There is a pullback support level. 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
USDCAD H4 | Bullish reversalUSD/CAD has bounced off the buy entry which is an overlap support and could rise from this leve to the upside. Buy entry is at 1.3791, which is a pullback support. Stop loss is at 1.3770, whichis a pullback support. Take profit is at 1.3880, which acts as a 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 (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% 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 (tradu.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 Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by Tradu
1
USD/CAD eyeing lower levels ahead of data & rate decisionAhead of today’s inflation data from Canada, the currency pair is trading below a 3M resistance from CAD1.3827 and is fast approaching a neckline (taken from the low of CAD1.3721) of a potential head and shoulders top pattern. In view of the downside bias since topping at CAD1.4793 earlier this year, the current pullback in the downtrend (from the low of CAD1.3540) could tempt price to engulf the oncoming neckline and challenge nearby support at CAD1.3669 (6M) and CAD1.3617 (1Y), followed by CAD1.3549 (1Y). Written by the FP Markets Research Team
Short
by FPMarkets
USD/CAD) Bullish trend analysis Read The captionSMC Trading point update Technical analysis of USD/CAD in the 4H timeframe. Here’s the behind the analysis: --- Key Technical Points: 1. FVG (Fair Value Gap): The yellow box around 1.3820–1.3830 is a fair value gap where price is expected to retrace before continuing upward. Acts as a short-term demand zone. 2. MSS (Market Structure Shift): The chart marks a bullish MSS, meaning structure has flipped from bearish to bullish. Confirms upside continuation bias. 3. EMA 200 (Dynamic Support): EMA 200 sits around 1.3797, below current price. Reinforces the bullish bias as long as price stays above it. 4. Target Point: Upside target is 1.3925, which aligns with previous highs / liquidity zone. Chart suggests accumulation → retrace → bullish expansion into that level. --- Trade Idea Summary: Bias: Bullish Scenario: 1. Price may retrace into the FVG zone (1.3820–1.3830). 2. Find support there and bounce. 3. Continue higher toward 1.3925 target point. Entry Idea: Buy near the FVG demand zone (with bullish confirmation). Target: 1.3925 Stop-Loss: Below the EMA / FVG (~1.3790). Mr SMC Trading point --- Conclusion: This setup favors buying dips into the FVG zone as long as price respects the EMA 200. The target is 1.3925, making this a bullish continuation play after the recent market structure shift. --- Please support boost 🚀 this analysis
Long
by SMC-Trading-Point
8
USDCAD H4 | Bullish reversal off major supportBased on the H4 chart analysis, we can see that the price has bounced off the buy entry which acts as an overlap support and could potentially rise from this level to the take profit. Buy entry is at 1.3730, whichis an overlap support. Stop loss is at 1.3694, which i a pullback support. Take profit is at 1.3790, whichis a pullback resistance that aligns with the 38.2% Fibonacci retracement. 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 (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% 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 (tradu.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 Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by Tradu
Bullish reversal off key support?USD/CAD is falling towards the support level, which is an overlap support and could bounce from this level to our take profit. Entry: 1.3728 Why we like it: There is an overlap support level. Stop loss: 1.3688 Why we like it: There is a pullback support that is slightly above the 127.2% Fibonacci extension, Take profit: 1.3792 Why we like it: There is a pullback resistance level. 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
UCAD Dropping Signs of Potentially Strong ReversalOANDA:USDCAD has followed suit with last week so far with starting this week off continuing the decline in price from the Sept. 11th High beginning to form what looks to be a "Right Shoulder" or Lower High then the previous. This strong triple Reversal Pattern is the Head and Shoulders! Now the Right Shoulder was created but still has yet to form completely which will happen once price revisits the "Neckline" or Support Line price has been bouncing from to create the 3 peaks. Once Price has Confirmed the Pattern, this should deliver potential Short Opportunities as a Head and Shoulders Breakout and Retest Scenario! *The next suspected area Price will travel to if the Pattern is confirmed will be the Last Support Zone Price visited before beginning the formation of the Pattern.
Short
by Novi_Fibonacci
USDCAD Analysis – Market Recovery and Bullish OutlookUSDCAD Analysis – Market Recovery and Bullish Outlook USDCAD Market Report USDCAD is emerging from a completed downside leg into a constructive recovery cycle. The prior bearish momentum created imbalance, but recent order flow shows that liquidity has been absorbed, allowing buyers to regain control. The transition reflects a clean structural shift, where corrective pressure is evolving into directional expansion. The sequence of price action highlights disciplined progression: accumulation at lower levels, controlled impulsive candles, and measured volatility. This behavior signals that the market is not in exhaustion but in the early stages of a potential bullish leg. The rotation from decline into expansion suggests renewed confidence from larger market participants. Looking ahead, the pair remains positioned for continuation. The rhythm of correction followed by orderly advancement underlines a resilient structure, with market dynamics favoring sustained upside development in the medium term.
Long
by XAU_EMPIRE
Price rebounds bullishly from key support?The Loonie (USD/CAD) is falling towards the pivot, which has been identified as an overlap support and could bounce to the 1st resistance, which is slightly below the 50% Fibonacci retracement. Pivot: 1.3755 1st Support: 1.3568 1st Resistance: 1.4015 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