USDCAD trade ideas
Falling towards pullback support?The Loonie (USD/CAD is falling towards the pivot, which has been identified as a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce to the 1st resistance.
Pivot: 1.3647
1st Support: 1.3557
1st Resistance: 1.3731
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🇨🇦 USDCAD — July 22nd OutlookCurrent Price Behaviour:
USDCAD remains rangebound, sitting just above our key support level of 1.36647. The pair has failed to show any clean breakouts since Monday and remains stuck inside a tight intraday channel.
What We're Watching:
📍 Break of 1.36647 = trigger for continuation of bearish move
🎯 Target: 1.35822 (80 pip move)
⚠️ No active trade until this breaks — structure still unclear
HTF Bias: Bearish
Current Play: Stay out until 1.36647 breaks cleanly with strong momentum and volume. That level unlocks a smoother sell opportunity into our first target.
USD CAD longpossible scenario for usdcad lets see
when risk to reward ratio is good you dont have to worry just let the gut feeling flow
Please note: This is for educational purposes only and not a trading signal. These ideas are shared purely for back testing and to exchange views. The goal is to inspire ideas and encourage discussion. If you notice anything wrong, feel free to share your thoughts. In the end, to learn is to share !
USD/CAD BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
USD/CAD pair is in the uptrend because previous week’s candle is green, while the price is clearly falling on the 4H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.374 because the pair is oversold due to its proximity to the lower BB band and a bullish 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✅
Bearish Break of Trendline + Retest | Short SetupPrice has broken below the ascending trendline, indicating a potential shift in market structure. The recent bearish momentum suggests sellers are gaining control. After the breakout, price is now retesting the underside of the trendline, providing a potential short entry opportunity.
Entry: On retest confirmation below the trendline
Stop Loss: Above the recent swing high (red zone)
Take Profit: Toward the previous demand zone (highlighted blue support area)
This setup aligns with trendline break-and-retest principles and anticipates a move back toward significant demand.
USDCAD BUYLooking for USDCAD to push lower and activate orders underneath the daily swing low that is highlighted.
To have an entry we are looking to approach and take low in a corrective manner, to form the first 15minute swing low after taking the zone and then to push down one last time to activate more buy orders before pushing up to the high of the first consolidation highlighted on the chart.
Must see CVD absorption once the low is taken before looking for a 1 minute reversal for the entry.
Stoploss below what will be the newly formed low (allow 3 pips below this)
USDCAD(20250721)Today's AnalysisMarket news:
Waller refused to comment on whether he would dissent at the July meeting, saying that the private sector was not performing as well as people thought, and said that if the president asked him to be the chairman of the Federal Reserve, he would agree.
Technical analysis:
Today's buying and selling boundaries:
1.3725
Support and resistance levels:
1.3785
1.3763
1.3748
1.3702
1.3687
1.3665
Trading strategy:
If the price breaks through 1.3725, consider buying, and the first target price is 1.3748
If the price breaks through 1.3702, consider selling, and the first target price is 1.3687
USDCAD LongsEntry
1.3704
Stoploss at the Daily support
1.36661
TargetMarket structure daily high
1.38000
Commitment of traders data showed increase Canadian $ selling and increase USD buying pressure.
UC BULLISH C-D HARMONIC PATTERN Looking for price to finally break above the daily resistance for price to start a bullish rally towards Weekly resistance marked in green.
Possibility of correction As long as the price does not stabilize above the green resistance area, there is a possibility of a trend change and the start of a downtrend.
USDCAD Will Move Higher! Long!
Take a look at our analysis for USDCAD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.368.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.373 level soon.
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!
Market Analysis: USD/CAD Consolidates GainsMarket Analysis: USD/CAD Consolidates Gains
USD/CAD declined and now consolidates below the 1.3750 level.
Important Takeaways for USD/CAD Analysis Today
- USD/CAD started a fresh decline after it failed to clear the 1.3775 resistance.
- There is a key bullish trend line forming with support at 1.3715 on the hourly chart at FXOpen.
USD/CAD Technical Analysis
On the hourly chart of USD/CAD at FXOpen, the pair climbed toward the 1.3775 resistance zone before the bears appeared. The US Dollar formed a swing high near 1.3774 and recently declined below the 1.3750 support against the Canadian Dollar.
There was also a close below the 50-hour simple moving average and 1.3735. The pair is now consolidating losses below the 50% Fib retracement level of the downward move from the 1.3774 swing high to the 1.3695 low. But the bulls are active near the 1.3700 level.
If there is a fresh increase, the pair could face resistance near the 1.3735 level. The next key resistance on the USD/CAD chart is near the 1.3755 level or the 61.8% Fib retracement level.
If there is an upside break above 1.3755, the pair could rise toward 1.3775. The next major resistance is near the 1.3800 zone, above which it could rise steadily toward 1.3880.
Immediate support is near the 1.3715 level and a key bullish trend line. The first major support is near 1.3675. A close below the 1.3675 level might trigger a strong decline. In the stated case, USD/CAD might test 1.3650. Any more losses may possibly open the doors for a drop toward the 1.3620 support.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Bullish bounce off pullback support?USD/CAD is falling towards the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.3681
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.3645
Why we like it:
There is a pullback support that lines up with the 61.8% Fibonacci retracement.
Take profit: 1.3782
Why we like it:
There is a pullback resistance.
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Buying usdcadUsdcad completed its bearish wave now ready for the bullish correction
Daily sell trend already breaks and Candel close above the sell trend
Tricky USDCAD . let the market decide - we follow Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
“USD/CAD Rocket Launch: The Bullish Surge Is Here!”The bullish path for USD/CAD on the daily timeframe is ready to begin.
And without a doubt — no, with a million percent certainty — the price will touch 1.41930.
In lower timeframes, feel free to dance with the trend 🙂
Good luck! 🙌
USDCAD bearish view
OANDA:USDCAD again on this pair, first analysis accurate, in new look having bearish view, price in PA moving, still we having nice structure, price is now come back in channel, looks like breaking first channel, which will take for confirmation and sign for bearish expectations.
SUP zone: 1.37400
RES zone: 1.36400, 1.36100
USDCAD BULLESH DAILY BISIUSDCAD BULLESH DAILY BISI
In daily TF market is bullesh market will creat trend line liquidity market first market will Run On Stop then tap daily BISI , going to LTF then valid mss with valid valid obi entry on this obi tight sl with 100 - 500 pips target holding over night , THANK YOU
KGB Priyabrat Behera
ICT TRADER & Advance mapping SMC trader
USDCAD / U.S. Dollar – Canadian Dollar (4H) – ABC Bearish PatterUSDCAD / U.S. Dollar – Canadian Dollar (4H) – ABC Bearish Pattern Completion at PCZ
Pattern Overview:
Pattern Type: ABC Bearish (Potential Reversal)
Asset: USDCAD
Timeframe: 4H
Trade Type: Short Bias – Rejection observed near PCZ zone
🔎 Key Levels
XA: 1.37880 → 1.35574
AB: 1.35574 → 1.37742
BC: Completed right into the PCZ, aligning with 127.2% and 161.8% projection zones
Rejection confirmed below 1.3774, entering pullback
📐 Fibonacci Extensions & Key Ratios
127.2% Projection: 1.37368
161.8% Extension: 1.37855
Retracement Target Zone (PCZ/Support):
50.0% = 1.36842
61.8% = 1.36629
💡 Price Action & Setup
The price has completed a textbook ABC structure into a confluence projection zone (PCZ), showing signs of exhaustion at 1.3774. This area aligns with a previous swing high and fib confluence, now acting as resistance.
The first leg of the pullback is underway, and momentum is favoring a deeper move toward the 1.3680 – 1.3660 PCZ, which aligns with key fibs and 200 SMA support.
🧠 Market Sentiment
DXY consolidating near highs – potential exhaustion
Crude oil stabilizing supports CAD
CAD correlation is enhancing bearish weight on this pair post-ABC
📊 Next Potential Movement
Targeting the 1.3680–1.3660 support cluster
If PCZ fails to hold on any retest → potential continuation down toward 1.3600 swing
Resistance to watch: 1.3737–1.3750 (any candle close above this weakens setup)
🛡 Risk Management
Short entries from the 1.3760–1.3770 area are valid
Stop-loss ideally above 1.3790 (beyond 161.8%)
Scaling out near 1.3680 and 1.3660, both technical targets and 200 SMA confluence
📌 Conclusion
Price completed a high-probability ABC Bearish structure and is now reacting from a strong confluence zone. While confirmation is still unfolding, momentum favors downside, and all eyes are on the next leg toward the PCZ support range.
“Bearish patterns are warnings, not guarantees. But confluence zones give them authority.”
USDCAD bearish structureprice action, you gotta love structure thou. 🧭 Current Sentiment
Bias: Neutral to Bearish (subject to change based on upcoming U.S. data and oil prices)
Market Context: Consolidating in a tight range after recent USD weakness & steady CAD support from oil prices.
USDCAD SELLUSD/CAD retakes 1.3700, eyes multi-week top amid a broadly firmer USD
The USD/CAD pair attracts some dip-buying during the Asian session on Thursday and climbs further beyond the 1.3700 mark amid a broadly firmer US Dollar. Spot prices have now reversed the previous day's retracement slide from a three-week high and seem poised to appreciate further
The year will be politically marked by Trump’s return to the White House. A Republican government is seen as positive for financial markets, but Trump’s pledge to cut taxes and impose tariffs on foreign goods and services may introduce uncertainty to both the political and economic landscape.
Canada’s political crisis peaked in late 2024 with a no-confidence vote against Prime Minister Justin Trudeau, leading to snap elections and a weakened Liberal minority government. Policy uncertainty and economic challenges dominate 2025’s outlook, raising concerns over market stability and investor confidence.
The BoC is set to continue easing interest rates through 2025, at least at a faster pace than the Fed is expected to, which could apply pressure on CAD’s already-rising rate differentia
TP 1 1.37214
TP 2 1.37095
TP 3 1.36987
RESISTANCE 1.37413
