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U.S. Dollar / Canadian Dollar

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USD/CAD – Potential Cup Formation with Bullish DivergenceThe pair is forming a textbook cup pattern, signaling a potential long-term bullish continuation. RSI shows clear bullish divergence at the bottom, supporting the reversal bias. Key Observations: - Cup structure is building with strong impulse waves. - Second entry area marked for potential pullback-based re-entry. - RSI confirms momentum shift with multiple bullish divergence signals. - Target set near previous resistance zone. Bias: Bullish Reason: Bullish divergence + cup formation + structure shift. Looking for higher lows and continuation toward the target area. Ideal for swing/position traders. #USDCAD #Forex #CupPattern #RSI #BullishDivergence #TechnicalAnalysis #SmartMoney
Long
by tspjre
USD/CAD - 6C1! : Trade update FundamentalThe US dollar index (DXY) gained strength against major currencies on Monday following a landmark trade agreement between the United States and the European Union. During the meeting in Scotland on Sunday, President Donald Trump and European Commission President Ursula von der Leyen announced a new trade framework, which includes a 15% import tariff on EU goods—half of the 30% rate Trump had initially threatened to impose starting August 1. The DXY opened higher at the start of the week, and it’s clear that most currencies are likely to see a decline in response. This trend also extends to pairs like the 6C1! (USDCAD), where the USD has been increasing its long positions. Last week, non-commercial traders added to their holdings, while commercial traders remain at their highest levels since 2021. Based on this setup, we are maintaining a bullish outlook and expect the continuation of our long position strategy. Previous Idea : ✅ Please share your thoughts about USD/CAD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
3
Is the USDCAD Rally Overextended Into Key Resistance Levels?The USDCAD is currently testing a formidable resistance zone following a period of strong bullish momentum. The primary catalyst for this upward repricing has been a clear divergence in monetary policy. The Federal Reserve is maintaining its hawkish bias, supported by persistent U.S. inflation data, which provides underlying strength to the dollar. 🦅 Conversely, moderating CPI in Canada has allowed the Bank of Canada to adopt a more dovish tone, creating a fundamental headwind for the loonie. 🍁 From a technical standpoint, the rally appears overextended, with momentum indicators suggesting the pair is now in overbought territory. 🛑 We're observing signs of price exhaustion as it challenges this key multi-month resistance level. Institutional sentiment is consequently shifting towards caution. The key strategic question now is whether we see a confirmed breakout on significant volume or a mean reversion scenario. At these levels, the risk-reward profile for new long positions is becoming unfavorable without further confirmation. I'm monitoring for either a decisive close above this zone or for signs of a corrective pullback. Stay sharp.
by fxtraderanthony
LOONIE H4 | Bearish reversalUSD/CAD is rising towards the sell entry which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to the take profit. Sell entry is at 1.3875, which is a pullback resistance that lines up with the 50% Fibonacci retracement. Stop loss is at 1.3941, which is a pullback resistance. Take profit is at 1.3793, which is an overlap support that aligns with the 61.8% Fibonacci retracement. 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
Potential bearish reversal?The Loonie (USD/CAD) is rising towards the pivot and could reverse to the 61.8% Fibonacci support. Pivot: 1.3875 1st Support: 1.3790 1st Resistance: 1.3942 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.
Short
by IC Markets
Bullish bounce off?USD/CAD has bounced off the support leve which is a pullback support that lines up with the 50% Fibonacci retracement and could potentially rise from this leve to our take profit. Entry: 1.3815 Why we like it: There is a pullback support that lines up with the 50% Fibonacci retracement. Stop loss: 1.3752 Why we like it: There is a pullback support that is slightly below the 78.6% Fibonacci retracement. Take profit: 1.3917 Why we like it: There is a swing high 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.
Long
by Vantage
USDCAD Heading Towards Important Resistance D1✏️The old USDCAD analysis strategy was correct when the uptrend returned to the pair. 1.399 is the target of BUY signals when this zone accumulates a lot of selling momentum. The Breakout zone of 1.375 is considered a strong support zone forming a wide price range of the pair. The trading strategy is focused on the two resistance and support zones above. 📉 Key Levels BUY trigger Strong support zone 1.375 SELL trigger Strong resistance zone 1.399 Leave your comments on the idea. I am happy to read your views.
by VHT_Trader
9
USDCAD Will Go Higher! Long! Here is our detailed technical review for USDCAD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.383. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.392 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!
Long
by SignalProvider
1