USDCADToday’s Elliott Wave outlook for USDCAD suggests the pair is completing its corrective phase, with potential for the next bearish leg if the structure holds. Traders should watch for confirmation around key levels.
Trade ideas
USD/CAD POTENTIAL bullish SOONusd/cad has hit its all time low and could potentially become bullish, tomorrow there will be news about the fed cuts for the US so we will see, on the 10 minute timeframe the momentum has slowed down for the sellers and buyers so there is some indecision taking place.
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.
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USDCAD Setup: A Textbook Trade in Motion Sometimes, the market paints a picture so clean it feels like it came straight out of a trading manual—and USDCAD is doing just that.
🔍 What I'm seeing:
- A classic Head and Shoulders pattern forming with clear neckline structure
- A fresh supply zone just above, recently tested
- A sharp reaction as price touches that zone—textbook rejection behavior
📉 My plan: I’ve placed a sell stop just below yesterday’s wick, anticipating a strong bearish move if momentum kicks in. The setup aligns with pattern confirmation and supply zone logic.
🎯 Why it matters: This could be a high-probability move—or not. That’s trading. But as they say: “Risk a little, gain a lot.” I’m ready to see how it plays out.
Let me know your thoughts or if you’re seeing something different on the chart. Let’s trade smart and stay sharp.
On weekly Consolidation. Looking Swing LongOn weekly Consolidation. Price should manipulate Equal Lows. There is a two type of TPs i see.
Type 1 - On Liquidity Voids / in weekly and Daily Time Frames /
Type 2 - On weekly Bearish OB
USD-CAD Support Ahead! Buy!
Hello,Traders!
USD-CAD keeps falling
Down but a wide horizontal
Support area is ahead
Around 1.3728 so after
The retest a local bullish
Correction is to be
Expected
Buy!
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USD/CAD eyeing lower levels ahead of data & rate decisionAhead of today’s inflation data from Canada, the currency pair is trading below a 3M resistance from CAD1.3827 and is fast approaching a neckline (taken from the low of CAD1.3721) of a potential head and shoulders top pattern.
In view of the downside bias since topping at CAD1.4793 earlier this year, the current pullback in the downtrend (from the low of CAD1.3540) could tempt price to engulf the oncoming neckline and challenge nearby support at CAD1.3669 (6M) and CAD1.3617 (1Y), followed by CAD1.3549 (1Y).
Written by the FP Markets Research Team
Potential bearish drop for the Loonie?The price has reacted off the pivot and could drop to the 1st support which has been identified as a multi-swing low support.
Pivot: 1.3807
1st Support: 1.3720
1st Resistance: 1.3877
Oil markets on September 16, 2025, are caught between conflicting forces. While immediate supply disruption risks from Ukrainian attacks on Russian infrastructure and anticipated Federal Reserve rate cuts are providing near-term price support, fundamental market conditions point to significant oversupply ahead. The EIA's projection of massive inventory builds and OPEC+'s continued production increases suggest substantial downward price pressure through 2026, with Brent potentially falling to $50 per barrel despite current geopolitical tensions. The market is essentially pricing in short-term disruption risks while bracing for longer-term oversupply challenges.
USD/CAD, GBP/CAD, EUR/CAD: Canadian Dollar Bulls Regain FootingPrice action on several Canadian dollar charts suggests that we've entered a phase of strength from the bull camp. With Canadian CPI and a Bank of Canada meeting on tap, there is plenty of opportunity for volatility. Today I outline my bias for USD/CAD, GBP/CAD and EUR/CAD.
Matt Simpson, Market Analyst at City Index and Forex.com (part of StoneX)
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.
USDCAD Resistance Ahead!
HI,Traders !
#USDCAD is trading in an
Uptrend but the pair is locally
Overbought so after the pair
Hits the horizontal resistance
Level of 1.38623 we will be
Expecting a local bearish
Move down !
Comment and subscribe to help us grow !
USDCAD | Cracks in the Ice at 1.3725Macro Hook:
USD/CAD is under pressure as oil strength provides a CAD tailwind and markets lean toward deeper Fed easing relative to the BoC. The backdrop has flipped from summer’s CAD softness (BoC dovish hold + weak Canadian data) to a September environment where USD underperforms on relative policy and risk tone.
Technical Lens:
Price has broken the local trendline (DL1), shifting risk lower toward the neckline pivot (DL2 at ~1.3725). Acceptance below DL2 confirms a downside path toward the 1.3600 zone (structural objective / channel support). Invalidation sits at ~1.3900 on a closing basis. RSI has also slipped beneath the midline, leaving momentum space open to extend lower.
Scenarios:
If DL2 (1.3725) holds → rebound risk back into 1.3860–1.3900.
If DL2 breaks/accepts → path of least resistance opens to 1.3600.
Catalysts:
Watch crude price momentum, Fed vs BoC policy signals, and near-term US/CAD data releases for confirmation.
Takeaway:
1.3725 is the decision line; below it, the structural path points to 1.3600.
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.
USDCAD: Buy opportunity on H4H4 is still in a bullish trend; the price needs to break the support (buy area) if it truly wants to go down. I'm looking to buy at the trendline & look for confirmation in the lower timeframes.
USD/CAD - Bearish Flag (15.09.2025)The USD/CAD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Bearish Flag Pattern. TRADENATION:USDCAD
This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 1.3814
2nd Support – 1.3796
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PERFECT USDCAD SHORT ENTRYI have a weekly short bias on FX:USDCAD , we can see a previous strong rejection of the weekly 50ema, and currently price is rejecting the level again. Moving into next week this gives a bearish bias.
Now moving down to the daily timeframe there looks to be a clear head and shoulders structure forming, with the previous days candle showing a bearish engulfing bar from a liquidity zone, I am bearish, and looking for a lower timeframe entry.
Now on the lower 1h timeframe I am seeing a bos to the downside with a double pin rejection of ema.
#
This break of trend, with all timeframes aligned, gives a perfect short setup imo.
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USDCAD Dips within Overall Bullish TrendUSDCAD looks bearish on the M30 timeframe, indicating a potential drop toward 1.38195 with a directional bias around 1.38136.
The closest estimation is the 1.38231 Fibonacci level.
Happy Trading,
K.
Not trading advice
USDCAD – Bearish Channel Break📉 USDCAD – Bearish Channel Break
USDCAD has been moving inside a rising channel, but price has now closed below the lower boundary, suggesting potential bearish pressure.
🔎 Technical View
Rising channel structure respected since late August.
Current break below support could open the way toward 1.3780 – 1.3700.
Invalidated if price reclaims 1.3860 and sustains above.
📌 Key Levels
Resistance: 1.3860
Support: 1.3780 / 1.3750 / 1.3700
This setup highlights a shift in momentum worth keeping an eye on.
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USDCAD: Bull Trap & Confirmed Bearish MovementThe USDCAD appears to be bearish following a false violation of a significant daily resistance level.
The formation of a cup and handle pattern, coupled with a bearish imbalance after the neckline violation, suggests a strong bearish signal.
I anticipate a downward movement, potentially reaching 1.3797.
USDCAD The Target Is UP! BUY!
My dear subscribers,
This is my opinion on the USDCAD next move:
The instrument tests an important psychological level 1.3824
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.3846
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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