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USDCAD: Bullish For The Near Term?Welcome back to the Weekly Forex Forecast for the week of Sept 8 - 12th. In this video, we will analyze the following FX market: USDCAD Last Week I was looking for weakness in the USDCAD. It traded through the bearish FVG on the Daily, moving higher as the CAD turned out to be even weaker last week. Look for this to continue for the upcoming week, as there is internal range liquidity (IRL) drawing price higher for a short term gains. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Long
by RT_Money
1
USDCAD bullish support at 1.3790The USDCAD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend. Support Zone: 1.3790 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 1.3790 would confirm ongoing upside momentum, with potential targets at: 1.3930 – initial resistance 1.3960 – psychological and structural level 1.4000 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 1.3790 would weaken the bullish outlook and suggest deeper downside risk toward: 1.3755 – minor support 1.3730 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the USDCAD holds above 1.3790. 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
USDCAD SELL OPPORTUNITYHello traders, volatility slowly coming back and we already are benefiting from interesting trade opportunities. New week means new opportunities Here's my point of view about CMCMARKETS:USDCAD TECHNICALLY: AS explained before the red area around 1.38500 was a make or break area. I was looking to see some action around that H4-DAILY KEY LEVEL SELL ZONE. Last week price totally rejected the zone and this week we are clearly seeing rejections. As long as we stay BELOW 1.38500 we can consider to look for SELL entries at pullback but only if fundamentals, confluences & confirmations align. This setup requires for US DOLLAR / DXY DXY TO BE WEAK. or CAD strong (which can be the case due to fundamentals). Otherwise, the area will be completely invalidated and we will have a deeper pullback/ retracement. 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_
【Canadian Dollar Analysis】 USD/CAD is currently oscillating wi【Canadian Dollar Analysis】 USD/CAD is currently oscillating within the 1.3450–1.3600 range, reflecting mixed fundamental drivers. **Supporting factors for CAD**: Rising crude oil prices (WTI back above $80) bolster its commodity currency appeal, while Canada’s stronger-than-expected January CPI may delay BoC rate cuts. **Headwinds**: Robust US economic data continues to strengthen the USD, coupled with sluggish domestic growth (Q4 GDP at just 1%). Technically, a break above 1.3620 is needed to confirm further upside, with key support at 1.3400. Monitor oil price dynamics and comparative economic data between the US and Canada. Trading strategy: range trading with breakout follow-up.
by trade1638
USDCAD H4 | Bearish reversal off overlap resistanceUSD/CAD is reacting off the sell entry which is an overlap resistance that lines up with the 61.8% Fibonacci retracement and could reverse from this level to the take profit. Sell entry is at 1.3856, which is an overlap resistance that lines up with the 61.8% Fibonacci retracement. Stop loss is at 1.3918, which is a swing high resistance that lines up with the 100% Fibonacci projection. Take profit is at 1.3791, which is a pullback support that aligns with the 50% 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.
Short
by Tradu
USDCAD Technical & Order Flow AnalysisOur analysis is based on a multi-timeframe top-down approach and fundamental analysis. Based on our assessment, the price is expected to return to the monthly level. DISCLAIMER: This analysis may change at any time without notice and is solely intended to assist traders in making independent investment decisions. Please note that this is a prediction, and I have no obligation to act on it, nor should you. Please support our analysis with a boost or comment!
Long
by Derry_Trades
USD/CAD – Breakout Opportunity AheadThe market is painting a clear picture: Canada’s labor data is weakening (unemployment jumping to 7.1%), while the USD still holds an advantage thanks to investor safe-haven demand. This tilts the balance strongly in favor of buyers on USD/CAD – and if timed right, this could be a golden trading setup. On the 4H chart, price has tested the 1.3780 support multiple times without breaking it, proving this level to be a solid “launchpad.” At the same time, EMA34 and EMA89 are converging around 1.3800, adding strength to the bullish outlook. If price breaks above 1.3870, get ready – the door towards 1.3920–1.3950 will open wide. Strategy: Buy on dip around 1.3780–1.3800, with SL just below 1.3750. First TP at 1.3870, extended TP at 1.3920+. This is a setup backed by both fundamentals and technicals, giving bulls the upper hand.
Long
by Rocky_trade_
Bearish setup in play?The Loonie (USD/CAD) has rejected off the pivot and could drop to the 1st support, which acts as a multi-swing low support. Pivot: 1.3828 1st Support: 1.3729 1st Resistance: 1.3920 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.
Short
by ICmarkets
Trade todayEntry USDCAD A plus 08/09/2025 - 9am NY Head and shoulders H4 3pin Fibs 78.6 FVG at 9am BOS above taken The USDCAD moved lower alongside broader U.S. dollar weakness today, but buyers stepped in at a familiar support zone. The pair tested the 200-bar moving average on the 4-hour chart near 1.37844 (green line) before bouncing higher. Recall that on Friday, following the U.S. jobs report, price slipped below this same 200-bar average but found willing buyers near the 100-day moving average at 1.37626 (lower blue line on the chart above).
by EZIO-FX
Market Structure is Actually EASY- Hear me outUnderstanding Market Structure Through Arcs Market structure always seems simple when explained on YouTube. But open up a chart, and suddenly it feels puzzling, inconsistent, even frustrating. Imagine this: you’re analyzing the structure of a forex pair, confidently tracking highs and lows. Everything makes sense. Then you switch to a different pair—or even just a different date on the same chart—and suddenly it feels like your skill vanished. Yesterday you “understood” market structure, but today you don’t. So, what’s happening? The truth is, when this confusion sets in, it’s usually because you’re looking for the wrong signs. Traders often get caught up searching for zigzags, breaks of structure (BoS), market shifts, supply and demand zones, or liquidity sweeps. But the key to truly understanding market structure comes down to one core skill: identifying strong and weak structures. Redefining Market Structure Market structure is not simply a zigzag. It’s not just supply and demand. Market structure is a collection of structures that, when viewed together, naturally form zigzags, supply/demand areas, and BoS/market shift levels. And here’s the important part: not all structures are created equal. But don’t worry—you don’t need to memorize dozens of “types.” There are only two: strong structures and weak structures. How to Identify Structures This is where things get surprisingly simple. To identify structure, look for arcs. Yes—the charting tool no one ever uses. An arc represents price dipping and then returning to its prior high or low. • If price closes beyond the previous high/low, the structure is strong. • If price fails to break the previous high/low and closes within it, the structure is weak. That’s it. Look at the chart example provided—you’ll see how clear this becomes once you train your eye. The Red/Green arcs represent arcs that were identified on the D timeframe (HTF). The blue squiggly line represents a collection of arcs identified on the 4h timeframe (LTF). Multi-Timeframe Power Here’s where arcs become even more powerful. A structure on one timeframe (say, the 4H) is essentially a supply/demand zone. Drop down to a lower timeframe (4H → 1H), and that same structure becomes a full swing move. This allows you to navigate multiple timeframes seamlessly—simply by plotting structures on the higher timeframe. The Arc as the Foundation Once you learn to spot arcs, everything clicks into place. An arc is supply and demand. It is liquidity boundaries. It defines strong/weak highs and lows. It creates the zigzag. In short: structure identification is the only skill you need to master market structure—and it’s surprisingly quick to learn. Additional Notes • A valid arc requires at least three candles. Anything less is not structure. • Two candles may represent a reaction to supply/demand or a liquidity sweep, but they don’t form a structure. • Why? Because structure requires balance—a brief pause where price enters, slows, stabilizes, and then reverses. That balancing process cannot be captured in one or two candles. My Advice For now, set aside the broader concept of “market structure” and focus only on arcs. 1. Practice identifying arcs in live price action—don’t worry about backtesting yet. 2. Mark them on your chart, and classify them as strong or weak. 3. Once you’re comfortable spotting them, move into backtesting. Watch arcs unfold in motion. 4. With enough practice, you’ll be able to recognize them instantly and without hesitation. That’s when you return to market structure as a whole. With the skill of arc recognition in place, you’ll finally see how everything ties together—and your understanding will be unshakable. Previous Post; Complete Market Structure: Order Flow and Multiple Timeframes Although I felt that this was a great take on market structure, the indicator provided falls short in a sense that market it relies on alternating internal shifts, when in market structure shifts can happen consecutively instead of strictly alternating. I have developed a different tool that will help identify structural levels without missing a single arc. It is called Supply/Demand Zones (Synthetic SMA Candles). I will provide a link below. It identifies arcs and classifies them as supply/demand zones. It also provides alerts which can be helpful if you are the type of trader that likes to trade passively without being glued to the charts. Arc Identifying Indicator (Supply/Demand)
Education
by The_Forex_Steward
1
Canadian Dollar Falls After Labour Market Data ReleaseCanadian Dollar Falls After Labour Market Data Release On Friday, disappointing figures showed that in August the Canadian economy lost 65,500 jobs (the forecast had been for an increase of 10,000), while the unemployment rate rose to 7.1%. This is the highest level of unemployment since May 2016, excluding the pandemic period. It is believed that: → the deterioration in the labour market (primarily in manufacturing) is a consequence of the trade war with the United States; → the fall in employment in Canada has increased the likelihood that the Bank of Canada will resume its monetary easing campaign. As a result, the CAD weakened sharply against other currencies. However, the depreciation against the US dollar was less pronounced, as the USD itself is under pressure from various factors. Technical Analysis of USD/CAD From a long-term perspective, the USD/CAD pair remains within a downward trend, highlighted by a red descending channel. From a medium-term perspective, since July the rate has risen from the 1.3550–1.3600 support zone, forming an ascending channel (shown in blue). Price action (indicated by arrows) shows that: → sellers are aggressive, pushing the price down from the upper boundary of the red channel; → buyers are aggressive, driving the price up from the lower boundary of the blue channel. Its median line acts as resistance. This is compressing USD/CAD fluctuations into a pattern resembling a symmetrical narrowing triangle (shown in black), with recent overbought (1) and oversold (2) conditions on the RSI marking price reversals back into the triangle from its boundaries. Thus, we could assume that supply and demand forces will keep USD/CAD in a state of temporary balance while awaiting key news next week: → 16 September – Canada CPI report; → 17 September – interest rate decisions from both the Bank of Canada and the Federal Reserve. 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