usdcadpotentially trading USDCAD down to discount pricing and then waiting to look for longs if daily orderflow stays bullish
USDCAD trade ideas
USDCAD support at 1.3730The USDCAD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 1.3730 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 1.3730 would confirm ongoing upside momentum, with potential targets at:
1.3830 – initial resistance
1.3860 – psychological and structural level
1.3890 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 1.3730 would weaken the bullish outlook and suggest deeper downside risk toward:
1.3716 – minor support
1.3690 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the WTI Crude holds above 1.3730. 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.
USDCAD (sell)USDCAD has broken a previous bullish trendline (green line) and started to fall.
My entry idea is to wait for a pullback and a bounce of the 61% fib level before heading back down to the previous low.
for added confluence you can wait for an overbought level on the stochastic oscillator indicator once it reaches the 61% fib level
ENTRY USDCADDisclaimer:
This is merely a chart-based analytical trading idea and is not considered investment advice. Please manage your risks carefully and conduct your own research before making any trading decisions.
USDCAD Will Go Down From Resistance! Short!
Please, check our technical outlook for USDCAD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.375.
The above observations make me that the market will inevitably achieve 1.362 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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 subscribe and comment my ideas if you enjoy them!
USDCAD SELL OPPORTUNITY Price just formed and broke the symmetrical triangle pattern which is a sign of bearish continuation from the pullback resistance of 1.38550 therefore, a sell opportunity is envisaged from the current market price. Target price is 1.36918
USDCAD: Bulls Will Push
Looking at the chart of USDCAD right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
❤️ Please, support our work with like & comment! ❤️
USDCAD's Opportunity Bell Is Ringing — Don’t Miss Out!Hey there, my valued friends!
I’ve prepared a fresh USDCAD analysis just for you.
📌 If the 1.37245 level breaks, the next target will be 1.38000.
Every single like you send my way is the biggest motivation behind sharing these analyses.
🙌 Huge thanks to each and every one of you who supports me!
Would you like to add a visual or a catchy headline to boost engagement even more? I can help with that too.
Triangle The triangle pattern is expected to move in the specified direction. Then, with the completion of the corrective pattern, the start of an uptrend is likely. If the price breaks through the specified support area, a continuation of the downtrend is likely.
USD/CAD(20250806)Today's AnalysisMarket News:
The US non-manufacturing PMI fell to 50.1 in July from 50.8 in June, below the expected 51.5. The ISM New Orders Index fell to 50.3 in July from 51.3 in June, with export orders contracting for the fourth time in five months.
Technical Analysis:
Today's Buy/Sell Levels:
1.3781
Support and Resistance Levels:
1.3828
1.3810
1.3799
1.3763
1.3751
1.3734
Trading Strategy:
On a breakout above 1.3781, consider a buy entry, with the first target at 1.3799. On a breakout above 1.3763, consider a sell entry, with the first target at 1.3751.
Bullish bounce off for the Loonie?The price is falling towards the support which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.3758
Why we like it:
There is a pullback support that lines up with the 38.2% Fibonacci retracement.
Stop loss: 1.3702
Why we like it:
There is a pullback support that is slightly above the 61.8% Fibonacci retracement.
Take profit: 1.3854
Why we like it:
There is a pullback resistance.
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.
USD CAD Where Are We Heading DEEP ANALYSIS Hi Trading Fam
So with USD CAD this is what we are seeing:
Bearish:
If we stay under 1.38 then a drop down to the 1.37 range
Bullish:
If we can close above the high at 1.38 then we have levels of 1.3840 , and 1.3980 that could be hit
Trade Smarter Live Better
Kris
USD Could Gain Further Against CAD Despite Weak Jobs ReportThe weaker-than-expected US jobs report on 1 August, along with significant downward revisions, sent shockwaves through the market, and the US dollar was not spared. The stronger upward momentum observed over the past couple of weeks seemed to vanish almost instantly. Although the USDCAD has recently moved lower, it still maintains strong bullish momentum, indicating a potential move back toward higher levels.
The USDCAD formed a rather convincing triple-bottom pattern in June and even moved above a long-term downtrend. Additionally, the currency pair rose above the neckline of the triple bottom at 1.376, which now serves as a support level. Momentum, as measured by the Relative Strength Index, has turned upward and suggests that the USDCAD could move higher.
To further reinforce the bullish trend, the USDCAD remains above its 10-day exponential moving average. Therefore, while the prevailing market sentiment might lead one to believe the dollar will weaken, technical indicators suggest that the Canadian dollar will continue to weaken against the US dollar if support and the moving average around 1.37 hold. A break below this support area would indicate a trend reversal, potentially causing the USDCAD to fall back to lows around 1.358.
However, if the bullish trend persists and the USDCAD manages to hold above support at 1.37, the currency pair could head higher towards 1.397, retesting a resistance level established in mid-May.
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.
Usdcad buy Remain strong bullish
Trend broken
Respecting its support level wait for LTF confirmation the. Straight buy
Smart Money Is Setting the Trap… Are You Walking Into It?”“💥USDCAD About to Explode — Final Wave Is Loading.
📉 If You Miss This Entry, You’ll Chase the Exit.
🧠 Wave 5 ≠ Just Another Move
It’s the final shot before the reversal storm.
✅ All signs point to liquidity being hunted
📍Stay sharp. 1.403 may be the bull trap of the year.
🎯 Make no mistake — the market is not random,
it’s engineered to fake you out before the real drop.
---
USDCAD: Long entry trigger on 4HGood morning everyone,
today I am sharing a Long signal received now via alert from the LuBot Ultimate indicator.
I will enter on correction (around 50% of the trigger candle).
TP slightly higher than suggested at 1.1850 e
SL on the suggested level.
The signal is confirmed by the positive structure (green candles) just started on the 4H and a bullish trend confirmed by the signal a few candles back.
The predictum also shows a rising signal, thus predicting a positive situation for the current month.
👍 If you want to see other similar posts, like/boost
🙋♂️ Remember to follow me so you don't miss my future analyses
⚠️ Disclaimer: This post is for informational purposes only and does not constitute financial advice. Always do your research before making investment decisions.
Watching Retracement Levels for Potential USDCAD Entry📈 The USDCAD remains firmly in a bullish trend following a sharp pullback on the 4-hour timeframe. Price continues to print higher highs and higher lows, showing sustained upward momentum. I’m watching for a retracement back into equilibrium of the previous price swing — if price dips and then breaks structure to the upside, I’ll be eyeing a potential long entry 🔍📊 (not financial advice).
USDCAD Daily AnalysisUSDCAD has recently completed a clean 5-wave Elliott Wave decline, reaching a significant low at 1.3540 on June 16, 2025. This low marks the end of the bearish cycle, followed by an accumulation phase. During this phase, price formed a triple bottom pattern, confirming strong demand around the 1.3540–1.3560 zone.
The breakout above the neckline confirms this reversal pattern, and price is now retesting the previous resistance zone (1.3750–1.3770), which has turned into support.
The pair is also trading above the 21-period EMA, reinforcing the bullish momentum.
Elliott Wave & Structure Outlook
Elliott Wave count shows a completed 1–5 bearish wave, followed by a corrective bullish structure in progress.
Wave A of the corrective move has likely completed, and Wave B retracement is underway.
A continuation toward Wave C is expected, targeting the 1.4180–1.4300 resistance area, aligning with prior major supply zones.
Trade Plan
Buy Entry Zone: 1.3750 – 1.3700
Stop Loss: 1.3560 (below structure support and trendline)
Take Profit Targets:
🎯 TP1: 1.4000
🎯 TP2: 1.4180
🎯 TP3: 1.4300
USDCAD has shifted from a prolonged bearish trend into a bullish corrective phase. A successful retest of the breakout zone offers a high-probability long trade setup. Breakout and continuation toward 1.4180–1.4300 aligns with wave theory and technical resistance zones.
Buy USDCADLooking to buy it if it reaches my zone, though the market does whatever it wants, we ride along
USDCADOANDA:USDCAD price overall is bullish but since there's no liquidity above after that distribution we're most likely to see a sell. But anything can happen we'll see it goes but you guys do let me know what you think on the comment session 💯🤔 your ideas matter to me.
USDCAD is forming a bullish structure.We can a clear bullish structure forming after a series of higher highs and higher lows, indicating bullish momentum building. Recently, price rejected from a key swing high and appears to be pulling back. This pullback is targeting a Fair Value Gap (FVG) marked in the blue zone then bounce from the FVG zone back toward the overhead Liquidity Zone.
