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USDCAD trade ideas

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
Could the Loonie reverse from here?The price is rising towards the pivot which acts as a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse to the 1st support. Pivot: 1.3793 1st Support: 1.3724 1st Resistance: 1.3830 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
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
Potential bearish drop off?USD/CAD has rejected the resistance level, which serves as a pullback resistance that aligns with the 50% Fibonacci retracement, and could potentially drop from this level to our take-profit target. Entry: 1.3858 Why we like it: There is a pullback resistance that aligns with the 50% Fibonacci retracement. Stop loss: 1.3888 Why we like it: There is a swing high resistance level. Take profit: 1.3809 Why we like it: There is a pullback support that aligns with the 78.6% Fibonacci projection. 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 – Medium-Term H1 OutlookUSDCAD – Medium-Term H1 Outlook USDCAD is maintaining a steady corrective uptrend, supported by sustained strength in the US Dollar. This broader USD momentum continues to benefit the pair in the medium term. The recently filled gap has led to a minor pullback, but this reaction creates an attractive opportunity for long positions at current levels. From a structural perspective, the Point of Control (POC) on the Volume Profile aligns well with a liquidity-driven retracement zone, reinforcing this as a favourable entry for trend-following trades. Trading Plan (H1) Buy Entry: 1.3760 – 1.3770 Stop Loss: 1.3730 Take Profit: 1.3795 – 1.3820 – 1.3850 – 1.3875 I will continue to monitor the market and share updates as price action unfolds. Wishing you successful trades with this scenario.
Long
by ANFIBO_
USDCAD (Daily) – Swing Short Setup📉 USDCAD (Daily) – Swing Short Setup USDCAD has tapped into a Fair Value Gap (FVG) while simultaneously sweeping liquidity above recent highs (~1.3929). This classic combination of a liquidity grab + imbalance fill points toward bearish continuation. 🔑 Why bearish? • Liquidity above 1.3929 has been swept, leaving a liquidity trap behind. • Price reacted inside the FVG, a common reversal zone after a sweep. • Bearish order flow suggests price is likely to target liquidity pools below ~1.3538. 📌 Trade Plan: • Entry: ~1.3853 (short) • Stop: Above 1.3929 • Target: 1.3538 (next liquidity pool) • R:R: ~1:4 (risking ~75 pips to capture ~315 pips) Again, this is a swing setup on the daily timeframe – patience is required, but the structure supports downside expansion. ⚠️ Risk management is the key.
Short
by AahmedD_98
The importance of trendlines in FOREXIn the world of currencies or FOREX, there are certain entry points that only happen a few times a year , but they’re incredibly powerful . These opportunities come after a trend breaks, a trend that has been touched and confirmed as a support or resistance zone over several years. Right now, with OANDA:USDCAD , we’re seeing a break and pullback to one of these long-term trends. That makes this a great moment to go short on this pair. Let me share a couple of examples with USDBRL and USDMXN. In both cases, after similar long-term trends were broken, the price moved strongly in one direction, these are the kinds of moves that can really grow your account. There are other pairs showing similar breakouts. Have you spotted them? If not, leave a comment and I’ll share the other pairs with you!
Short
by TopChartPatterns
9
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
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
USDCAD OVERVIEWUSDCAD has bounced after testing the long-term trendline support. Price is now retesting the 1.3817 – 1.3795 resistance zone. 🔼 Bullish case: Break and hold above 1.3817 could trigger continuation towards 1.3860+. 🔽 Bearish case: Rejection at this resistance may pull price back into supports at 1.3768 and 1.3739. 📌 The trendline remains a key pivot – holding above keeps bias bullish, a break below flips momentum bearish. ⚠️ For educational purposes only, not financial advice
Short
by akanniolubusuyi
Head & Shoulders Confirmed – USDCAD Bearish Move🎯 Target (TP): Measure from head to neckline = ~200 pips. First Target: 1.3680 Extended Target: 1.3600 (near rising trendline support) --- 🛑 Stop Loss (SL): Place above right shoulder = 1.3830 --- 📍 Support Levels: 1.3720 (minor support, just broken) 1.3680 (measured target) 1.3600 (major support / trendline) 📍 Resistance Levels: 1.3830 (right shoulder / SL zone) 1.3900 (strong resistance) --- 📝 Dialogue for Clients (Share Post): "📉 USDCAD (4H) has formed a clear Head & Shoulders pattern. Price broke the neckline, indicating bearish momentum. ✅ Target: 1.3680 → 1.3600 ⛔ Stop Loss: 1.3830 📍 Support: 1.3720 / 1.3680 / 1.3600 📍 Resistance: 1.3830 / 1.3900 Bearish setup in play, manage risk wisely. 🔑"
Short
by The-Trend-Mindset
USDCAD - WEEKLY HEAD AND SHOULDER ACTIONKey Drivers: Fed vs BoC Rate Path: The Fed is signaling more rate cuts, while the BoC remains cautious, creating a rate cut differential that favors CAD. Weak USD Theme: The USD is under broad pressure as markets price in easing and risk sentiment improves. COT Positioning – CAD Bearish, But Squeeze Risk: Speculators remain net short CAD, but improving fundamentals and sentiment could trigger a short squeeze, accelerating CAD strength.
Short
by gabagoollover