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U.S. Dollar / Canadian Dollar

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USDCAD: Correction is Over?! 🇺🇸🇨🇦 USDCAD may complete a correctional movement after a confirmed breakout of a major daily resistance. A bullish violation of a trend line of a bullish flag pattern and a neckline of an inverted head & shoulders pattern provides a strong confirmation. Next goal - 1.3965 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
1
USD/CAD gearing up to breakout higher?As shown on the daily chart below, since bottoming out in mid-June (from support between C$1.3549 and C$1.3669), price action has been steadily rising. This has seen the pair take out 3M resistance at C$1.3827 (now marked support) and challenge a 1Y resistance at US$1.3948. What is interesting about this chart is that if a breakout above the 1Y resistance comes to fruition, airspace north of the level is quite considerable up to 3M resistance at C$1.4197. Consequently, a break higher at current levels could trigger breakout buyers (potentially with stops below 30 September low of C$1.3896); alternatively, more conservative traders may opt to wait and see if price retests the 1Y level as support. Written by the FP Markets Research Team
Long
by FP Markets
USDCAD Bullish Flag developing?The USDCAD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend. Support Zone: 1.3890 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 1.3890 would confirm ongoing upside momentum, with potential targets at: 1.4000 – initial resistance 1.4040 – psychological and structural level 1.4070 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 1.3890 would weaken the bullish outlook and suggest deeper downside risk toward: 1.3856 – minor support 1.3825 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the USDCAD holds above 1.3890. 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 Trade Nation
Could we see a drop from here?The Loonie (USD/CAD) is reacting off the pivot, which is a pullback resistance that aligns with the 138.2% Fibonacci extension and could reverse to the 1st support. Pivot: 1.3940 1st Support: 1.3793 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.
Short
by IC Markets
USDCAD: A Pullback ? 👋Hello everyone, what do you think about OANDA:USDCAD ? Today, the pair is trading around 1.392 in the early hours of the new session, showing a slight decline. However, technical analysis still indicates that USDCAD is trading above the support zone. As long as the support holds, this decline can be seen as a pullback, after which the uptrend is expected to resume. Let’s see how this support level plays out. What are your thoughts on the trend of this pair? Feel free to leave your comments below! Good luck!
by Kevinn_Nguyen
10
USDCAD BUY TRADE PLAN🔥 USDCAD – Trade Plan (2025-09-30) 🆔 Plan ID: USDCAD_2025-09-30_v1 Bias: BUY (Continuation) ⸻ 📋 Overview Table Type Direction Confidence R:R (to TP2) Status Swing / Intra-day BUY 75% (valid) ~1:3.1 Pending ⸻ 🏦 Market Bias • D1: Higher-lows intact, clear bullish continuation above 1.3860 support. • H4: Current pullback into prior demand; rejection wicks show absorption of sellers. • H1: Sideways consolidation, but maintaining structure above 1.3890 HL. ➡️ Bias locked = WITH HTF trend (Buy). ⸻ ⚒️ Levels Card (Quick Action) Primary Setup (High Probability Buy Zone) • Entry 01: 1.3890 – 1.3905 (H1 demand + H4 OB + fib 38.2%) • Stop Loss: 1.3865 (below H4 swing low, safe but not overly wide) • TP1: 1.3960 • TP2: 1.4010 • TP3: 1.4080 (D1 supply extension) • Order: Pending – Pre-validated ✅ • Session Focus: London/NY Alternate Setup (Deeper Demand Retest – if flushed) • Entry 02: 1.3840 – 1.3855 (D1 demand zone) • Stop Loss: 1.3805 • TP1: 1.3925 • TP2: 1.4000 • TP3: 1.4075 ⸻ 📰 Fundamentals & Sentiment • USD: Market awaits US ISM + NFP week, dollar bid tone persists on strong data expectations. Fed speakers cautious but not dovish. • CAD: Oil volatility (WTI near $70) is weakening CAD slightly. BoC stance neutral, no hawkish drive. • Risk Sentiment: Stable; equities firm, no strong risk-off yet. ➡️ Macro favors USD strength vs CAD. ⸻ ✅ Final Notes • A+ Zone: Entry 01 (1.3890–1.3905) = ~87% confluence (H1 demand + H4 OB + fib + trend). • Stops chosen = safe but proper (not overly wide). • Plan valid only if price respects 1.3865 HL base. • No trades if breakdown below 1.3805 → plan invalidated.
Long
by jibkhan111
USD/CAD Bearish Channel Breakout – Short SetupThis chart is for USD/CAD (30-min timeframe) and shows a clear bearish setup. Here’s the breakdown: --- 1. Pattern Price is moving inside a downward channel (highlighted in pink). Currently near the midline of the channel with potential to retest the upper boundary. The plan here seems to be a sell setup after a small bullish pullback. --- 2. Key Levels Entry Point: 1.39286 (after price pulls back into the blue zone). Stop Loss: 1.39392 (just above the channel and resistance zone – good risk management). Target Point: 1.38880 (near the lower channel boundary, aligning with previous support). --- 3. Risk-to-Reward Ratio (RRR) This setup offers a favorable RRR (roughly 1:3), meaning potential reward is about 3x the risk. --- 4. Bias Bearish bias – expecting continuation of the downtrend after price retests resistance. The market is respecting the descending channel, and unless price breaks above 1.3940, sellers remain in control. --- 5. Confirmation to Watch Look for rejection candles or bearish engulfing in the blue zone before taking entry. If price breaks and closes above 1.3940, this setup becomes invalid (bullish breakout likely). --- ✅ Summary: This is a well-planned short (sell) setup. Wait for price to pull back to 1.3928 – 1.3930, then sell with stop above 1.3940 and target near 1.3888.
Short
by LABA_GOLD_TRADING
4
USD/ CAD) Bullish Analysis Read The captionSMC Trading point update Technical analysis of USD/CAD (1H timeframe) chart analysis: --- Bullish USD/CAD Setup Support Zone: Price is respecting the support level (yellow box around 1.3920 – 1.3930). Moving Averages: 50 EMA (red) is below current price, providing short-term bullish support. 200 EMA (blue) is also trending upward, confirming overall bullish bias. Market Structure: Higher highs and higher lows suggest continuation to the upside. Projection: Price is expected to bounce from the support zone and push toward the next resistance/target. --- Target Point 1.3998 (near 1.4000 psychological level). This aligns with the measured move projection from the last impulsive rally. Mr SMC Trading point --- Trading Idea Bias: Bullish. Entry Zone: Around 1.3920 – 1.3930 (support level retest). Target: 1.3998. Invalidation: A sustained break below 1.3900 would invalidate the bullish scenario. --- Please support boost 🚀 this analysis
Long
by SMC-Trading-Point
1
USDCAD: Impulse Wave Points to Higher LevelsUSD/CAD Price is showing the early stages of a bullish (C) leg after a large corrective sequence. The chart labels show a completed corrective (B) low at the horizontal support and an impulsive 1–2 sequence unfolding for the new upward leg. Bias: bullish while price holds above the demand zone/wave-2 low. The market completed an ABC correction that found support on the horizontal lower boundary. That corrective phase looks finished; we should now be in wave (C) up, the final leg of the correction. Short-term momentum has flipped, with buyers stepping in at support. This favors trend-following longs into the extension leg (wave 3 → 5) Target 1 (T1): 1.38408 Target 2 (T2): 1.38810 Stop-Loss (SL): 1.37195
by Money_Dictators
2
USDCAD; A Confirmed Reversal ?USDCAD have fulfilled our review on this pair, if you had followed our previous analysis on this structure you would have see where we anticipated and highlighted this movement. However the breakout above the resistance zone refuses to hold which trigger the reversal. markets always respects its zone especially the major resistance and support. Meanwhile should we go on short at this point or anticipate a breakout above ? Happy trading week Thanks for reading.
Short
by Blaisefxacademy
1