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U.S. Dollar / Canadian Dollar

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USDCAD H4 | Bearish reversalBased on the H4 chart analysis, we could see the price rise to the sell entry which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could drop to the downside. Sell entry is at 1.3814, which is a pullback resistance that lines up with the 61.8% Fibonacci retracement. Stop loss is at 1.3875, which is a swing high resistance. Take profit is at 1.3731, which is a pullback support. 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
Canadian Dollar Under Pressure After Weak Jobs DataThe USD/CAD saw a mild pullback in the days following the US jobs data, but that pullback may now be over. The Canadian jobs report on 8 August was weaker than expected, showing the Canadian economy lost thousands of jobs in July as the trade war with the US began to dent economic activity. That prompted traders to increase bets that the Bank of Canada will start cutting rates again, which could cause the Canadian dollar to weaken further against the US dollar. Technically, there is also a case for a weaker Canadian dollar. The pair has found support at 1.375, a level that has acted as both support and resistance since early May. This level also aligns with the 20-day moving average, strengthening the case that USD/CAD is likely to hold and move higher again, indicating US dollar strength against the Canadian dollar. Additionally, the relative strength index remains in an uptrend, suggesting that momentum still favours a further rise in the USD/CAD exchange rate. A break above 1.385 could see the pair advance to 1.397, where it stalled in mid-May. If the US CPI report on 12 August comes in weaker than expected, USD/CAD could reverse and give back recent gains. However, it would need to fall below both support and the 20-day moving average to indicate a further decline towards the lows around 1.358. At present, momentum appears strong and, with support firmly in place, the odds favour further US dollar strength and a challenge to the mid-May levels. Written by Michael J. Kramer, founder of Mott Capital Management. Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.
by CMC Markets
USDCAD 4-Hour Analysis – Bulls and Bears Battle for ControlCurrent Price: 1.37706 Timeframe: 4 Hours Technical Indicators Overview SMA (9-period): Price is hovering around the short-term moving average, signaling indecision in momentum. RSI (14): Currently near the 50 level, showing a neutral momentum—neither overbought nor oversold. Key Resistance: 1.3800 – A psychological and technical barrier tested multiple times. Key Support: 1.3700 – A level where buyers previously stepped in to prevent further decline. Price Action Summary USDCAD recently saw a strong bullish move towards the 1.3900 area but quickly reversed, pulling back below the 1.3800 mark. Since then, price action has been choppy, suggesting a tug-of-war between buyers and sellers. On the 4H chart, the SMA 9 is acting as a dynamic pivot, with candles frequently crossing above and below it. This behavior often precedes a breakout, but direction confirmation is still lacking. RSI Insights The RSI remains neutral, around 50, indicating a balance between buying and selling pressures. A move above 60 could invite bullish momentum, while a drop below 40 may trigger further selling. Potential Scenarios Bullish Breakout: If price breaks and closes above 1.3800, the next upside target could be 1.3850–1.3900, where previous highs lie. Bearish Reversal: Failure to hold above 1.3750 could open the door for a move towards 1.3700, and below that, 1.3650. Conclusion USDCAD is in a consolidation phase, awaiting a catalyst for a decisive breakout. Traders should watch the 1.3800 resistance and 1.3750 support for clues on the next directional move.
Short
by forexinworld
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
3
Will the US Inflation Data Drive a Breakout for USDCAD?Macro approach: - USDCAD edged higher this week amid softer Canadian labor data, boosting BoC cut odds and pre‑CPI caution that kept the USD supported as traders eyed key US inflation prints. - Canada shed 40.8k jobs in Jul while unemployment held at 6.9%, reinforcing expectations for a 17 Sep BoC cut and pressuring the loonie. With Canada's calendar light, focus shifted to the US, where Jul CPI/PPI and Retail Sales are set to steer Fed cut probabilities that sit near 85–90% for Sep, anchoring USD tone into the data. - In short, US inflation and activity data could drive USDCAD direction, while oil's resilience may cushion CAD. A softer US CPI/PPI may weigh on USD and support CAD, but it is limited (Oil trend and Sep rate cut), whereas sticky prints could extend USD firmness into the week. Technical approach: - USDCAD formed a Triple-Bottom pattern and broke the descending channel to make a swing high at around 1.3878. The price retraced and retested the support at around 1.3755 and bounced to close around EMA78. The price is captured within a tight trading range of 1.3755-1.3850, awaiting an apparent breakout to determine the trend. - If USDCAD closes above both EMAs and the resistance at 1.3850, the price may retest May's resistance area at around 1.4000. - On the contrary, closing below the support at 1.3755 and the ascending channel may prompt a correction to retest the key support at 1.3567. PS: I also provide a quick view on DXY regarding US CPI data today via Wall Street Journal: www.wsj.com Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
Long
by DatTong
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
1
LOONIE H4 | Bearish reversalBased on the H4 chart analysis, we could see the price rise to the sell entry which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reversr to the downside. Sell entry is at 1.3814, which is a pullback ressitance that lines up with the 61.8% Fibonaci retracement. Stop loss is at 1.3875, whihc is a swing high resistance. Take profit is at 1.3729, whihc is a pullback support. 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 Prepaing to Gilde Down ??USDCAD has been struglling to move up, All the monthly and Bi-Monthly analysis show down including D1. Check your support and resistances and open positions accordingly. Wait for Price Again to preform and see the strong breakouts. Disclaimer: The content presented in this IMAGE is intended solely for educational and informational purposes. It does not constitute financial, investment, or trading advice. Trading foreign exchange (Forex) on margin involves a high level of risk and may not be suitable for all investors. The use of leverage can work both for and against you. Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk tolerance. There is a possibility that you may incur a loss of some or all of your initial investment, and therefore, you should not invest money that you cannot afford to lose. Be fully aware of all the risks associated with foreign exchange trading, and seek advice from a licensed and independent financial advisor if you have any doubts. Past performance is not indicative of future results. Always trade responsibly.
Short
by forexnawaab
USD/CAD BEARS ARE GAINING STRENGTH|SHORT Hello, Friends! USD/CAD pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.371 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
USDCAD Sell Setup – Watch for Bearish Engulfing at 1.37727!USDCAD is approaching a key resistance zone at 1.37727, a level where sellers have stepped in before. My plan is clear: I’ll be watching closely for a Bearish Engulfing candle on the 4H timeframe before pulling the trigger on a short position. Here’s my breakdown: Market Structure: Price is currently in a corrective move within a broader range, and 1.37727 has acted as a strong rejection zone in the past. Entry Plan: Wait for a 4H Bearish Engulfing pattern at or near 1.37727 before entering short. Target Levels: TP1: 1.37000 TP2: 1.36450 Stop Loss: Above 1.38000 to allow room for false breakouts. Why This Matters: A confirmed bearish engulfing here would suggest strong selling pressure and potential continuation to the downside. Note: This is not financial advice. Always trade with discipline and risk management in place. 📊 Key Levels to Watch: Resistance: 1.37727
Long
by Kingdom-Trader
Falling towards 61.8% Fibonacci support?The Loonie (USD/CAD) is falling towards the pivot and could bounce to the pullback resistance. Pivot: 1.3687 1st Support: 1.3563 1st Resistance: 1.3882 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. 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 IC Markets