Get started

U.S. Dollar / Canadian Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

USDCAD trade ideas

USDCAD Technical & Order Flow AnalysisOur analysis is based on a multi-timeframe top-down approach and fundamental analysis. Based on our assessment, the price is expected to return to the monthly level. DISCLAIMER: This analysis may change at any time without notice and is solely intended to assist traders in making independent investment decisions. Please note that this is a prediction, and I have no obligation to act on it, nor should you. Please support our analysis with a boost or comment!
Long
by Derry_Trades
USDCAD H1 | Potential bearish dropThe Loonie (USD/CAD) has reacted off the sell entry and could drop from this level to the take profit. Sell entry is at 1.3808, which is a pullback resistance. Stop loss is at 1.3842, which is a pullback resistance. Take profit is at 1.3770, 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
Bearish drop off?The Loonie (USD/CAD) has rejected off the pivot, which acts as a pullback resistance and could drop to the 1st support that aligns with the 61.8% Fibonacci retracement. Pivot: 1.3823 1st Support: 1.3770 1st Resistance: 1.3858 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 ICmarkets
USDCAD Double Top Signals a Potential BreakdownUSDCAD pair is testing a critical resistance area near 1.3830 after a strong rebound. But the price structure is beginning to flash signs of exhaustion. With repeated rejections and a clear double-top pattern forming, the setup favors a bearish move. If momentum turns, we could see a meaningful correction toward the 1.3730 support zone, with deeper downside risk into mid-September. Current Bias Bearish rejection at resistance, structure favors downside continuation. Key Fundamental Drivers Canada: Weak August jobs report (unemployment 7.1%, wages cooling) raised BoC cut expectations, pressuring CAD. But oil prices (Brent ~$65) limit the downside risk, giving CAD some commodity support. U.S.: Weaker jobs (+142k NFP, unemployment 4.3%) keeps Fed cuts on the table, capping USD upside. Core PCE sticky at 2.9%, but inflation trend is moderating. Macro Context Interest Rates: Fed expected to cut in coming months; BoC markets price ~90% chance of a September cut. Economic Growth: U.S. slowing but still resilient, Canada contracting (Q2 GDP −0.4% q/q). Commodities: Oil’s soft rebound provides CAD with some stability. Geopolitics: Trade tensions (U.S. tariffs, China-Russia bond coordination) keep USD supported as a defensive hedge. Primary Risk to the Trend A sharp oil sell-off would weaken CAD and trigger USD/CAD upside. U.S. CPI surprise to the upside could reprice Fed expectations, boosting USD. Most Critical Upcoming News/Event U.S. CPI (this week): Will decide Fed cut timing. BoC September rate decision: High probability of a cut, market focus on forward guidance. Leader/Lagger Dynamics USD/CAD is typically a lagger — following USD direction (via Fed expectations) and CAD flows (via oil). It often mirrors oil price action and diverges from USD/JPY, reflecting risk sentiment shifts. Key Levels Support Levels: 1.3732, 1.3585 Resistance Levels: 1.3830, 1.3875 Stop Loss (SL): 1.3875 Take Profit (TP): 1.3732 (first), 1.3585 (extended) Summary: Bias and Watchpoints USD/CAD is leaning bearish after failing to break cleanly above 1.3830. Fundamentals point to a tug-of-war between dovish BoC expectations and weaker U.S. data, but the chart structure favors downside into 1.3732 and potentially 1.3585. My stop loss sits above 1.3875 to protect against a breakout. Watch U.S. CPI as the key driver: a hotter print could revive USD strength, while a softer read could accelerate CAD gains. Oil’s stability remains a secondary but important factor for CAD resilience.
Short
by ultreosforex
1
Market Structure is Actually EASY- Hear me outUnderstanding Market Structure Through Arcs Market structure always seems simple when explained on YouTube. But open up a chart, and suddenly it feels puzzling, inconsistent, even frustrating. Imagine this: you’re analyzing the structure of a forex pair, confidently tracking highs and lows. Everything makes sense. Then you switch to a different pair—or even just a different date on the same chart—and suddenly it feels like your skill vanished. Yesterday you “understood” market structure, but today you don’t. So, what’s happening? The truth is, when this confusion sets in, it’s usually because you’re looking for the wrong signs. Traders often get caught up searching for zigzags, breaks of structure (BoS), market shifts, supply and demand zones, or liquidity sweeps. But the key to truly understanding market structure comes down to one core skill: identifying strong and weak structures. Redefining Market Structure Market structure is not simply a zigzag. It’s not just supply and demand. Market structure is a collection of structures that, when viewed together, naturally form zigzags, supply/demand areas, and BoS/market shift levels. And here’s the important part: not all structures are created equal. But don’t worry—you don’t need to memorize dozens of “types.” There are only two: strong structures and weak structures. How to Identify Structures This is where things get surprisingly simple. To identify structure, look for arcs. Yes—the charting tool no one ever uses. An arc represents price dipping and then returning to its prior high or low. • If price closes beyond the previous high/low, the structure is strong. • If price fails to break the previous high/low and closes within it, the structure is weak. That’s it. Look at the chart example provided—you’ll see how clear this becomes once you train your eye. The Red/Green arcs represent arcs that were identified on the D timeframe (HTF). The blue squiggly line represents a collection of arcs identified on the 4h timeframe (LTF). Multi-Timeframe Power Here’s where arcs become even more powerful. A structure on one timeframe (say, the 4H) is essentially a supply/demand zone. Drop down to a lower timeframe (4H → 1H), and that same structure becomes a full swing move. This allows you to navigate multiple timeframes seamlessly—simply by plotting structures on the higher timeframe. The Arc as the Foundation Once you learn to spot arcs, everything clicks into place. An arc is supply and demand. It is liquidity boundaries. It defines strong/weak highs and lows. It creates the zigzag. In short: structure identification is the only skill you need to master market structure—and it’s surprisingly quick to learn. Additional Notes • A valid arc requires at least three candles. Anything less is not structure. • Two candles may represent a reaction to supply/demand or a liquidity sweep, but they don’t form a structure. • Why? Because structure requires balance—a brief pause where price enters, slows, stabilizes, and then reverses. That balancing process cannot be captured in one or two candles. My Advice For now, set aside the broader concept of “market structure” and focus only on arcs. 1. Practice identifying arcs in live price action—don’t worry about backtesting yet. 2. Mark them on your chart, and classify them as strong or weak. 3. Once you’re comfortable spotting them, move into backtesting. Watch arcs unfold in motion. 4. With enough practice, you’ll be able to recognize them instantly and without hesitation. That’s when you return to market structure as a whole. With the skill of arc recognition in place, you’ll finally see how everything ties together—and your understanding will be unshakable. Previous Post; Complete Market Structure: Order Flow and Multiple Timeframes Although I felt that this was a great take on market structure, the indicator provided falls short in a sense that market it relies on alternating internal shifts, when in market structure shifts can happen consecutively instead of strictly alternating. I have developed a different tool that will help identify structural levels without missing a single arc. It is called Supply/Demand Zones (Synthetic SMA Candles). I will provide a link below. It identifies arcs and classifies them as supply/demand zones. It also provides alerts which can be helpful if you are the type of trader that likes to trade passively without being glued to the charts. Arc Identifying Indicator (Supply/Demand)
Education
by The_Forex_Steward
1
USDCAD: Bullish For The Near Term?Welcome back to the Weekly Forex Forecast for the week of Sept 8 - 12th. In this video, we will analyze the following FX market: USDCAD Last Week I was looking for weakness in the USDCAD. It traded through the bearish FVG on the Daily, moving higher as the CAD turned out to be even weaker last week. Look for this to continue for the upcoming week, as there is internal range liquidity (IRL) drawing price higher for a short term gains. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Long
by RT_Money
1
USDCAD bullish support at 1.3790The USDCAD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend. Support Zone: 1.3790 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 1.3790 would confirm ongoing upside momentum, with potential targets at: 1.3930 – initial resistance 1.3960 – psychological and structural level 1.4000 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 1.3790 would weaken the bullish outlook and suggest deeper downside risk toward: 1.3755 – minor support 1.3730 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the USDCAD holds above 1.3790. 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 TradeNation
USDCAD Will Go Down From Resistance! Short! Here is our detailed technical review for USDCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.383. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.373 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. 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!
Short
by SignalProvider
1
USD/CAD – Sideways Accumulation, Preparing for a Mild UpsideThe August Nonfarm Payrolls report came in at only 22K, far below expectations of 75K and the previous 79K, causing the USD to weaken. However, Canadian labor data was also underwhelming, leaving the CAD too weak to drag the pair significantly lower. As a result, USD/CAD has maintained balance and is moving within a narrow range. On the H4 chart, the price is fluctuating around 1.38280, closely tracking the long-term descending trendline. The EMA34 and EMA89 are moving sideways, reflecting an accumulation phase. If support at 1.3787 holds, USD/CAD could rebound and push up towards 1.3833 before confirming the next trend direction.
by Rocky_trade_
USD/CAD – Bulls Eyeing a Bounce from Key Demand ZoneAfter an aggressive correction from the 1.3920 highs, USD/CAD has now landed on a heavy demand zone near 1.3720 – 1.3740. This area has proven to be a launchpad for rallies in recent weeks, and price is once again testing buyers’ conviction. With both technical structure and macro fundamentals in play, this zone could determine the next major swing. Current Bias Bullish bias as long as 1.3720 holds, with upside potential toward 1.3818 and 1.3920 supply. Key Fundamental Drivers USD: Supported by sticky inflation (Core PCE 2.9% y/y) and resilient consumer spending (+0.5% m/m). Fed rate cut expectations have softened, keeping the dollar supported. CAD: Weighed down by weaker Canadian GDP (Q2 annualized -1.6%, q/q -0.4%) and slowing momentum in domestic growth. Oil remains weak near $64, offering little support to the loonie. Macro Context Rates: The Fed remains cautious with cuts, while the BoC faces pressure from economic contraction. Interest rate divergence favors the USD. Growth Trends: US growth remains firmer compared to Canada’s slowdown. Commodities: Oil’s weakness is a drag on CAD, making the currency vulnerable. Geopolitics: Ongoing tariff disputes and Middle East energy risks keep USD demand steady as a safe haven, further weighing on CAD. Primary Risk to the Trend A deeper selloff in USD on unexpected Fed dovishness or a sharp rebound in oil prices (driven by geopolitical shocks or supply cuts) could strengthen CAD and invalidate the bullish setup. Most Critical Upcoming News/Event US ISM PMI & NFP (this week): Key drivers for Fed policy path. Canada Jobs Report (Friday): Critical for CAD sentiment after the weak GDP print. Leader/Lagger Dynamics USD/CAD tends to lag oil and broader USD moves. It often follows the dollar’s momentum, while oil price shocks can lead moves on CAD. Currently, the pair is USD-led, making it more reactive to Fed data than Canadian domestic flows. Key Levels Support Levels: 1.3720 – 1.3740 (demand zone), 1.3660. Resistance Levels: 1.3818 (mid-resistance), 1.3918 – 1.3925 (major supply). Stop Loss (SL): 1.3650 (below demand zone invalidation). Take Profit (TP): 1.3818 (first target), 1.3920 (extended target). Summary: Bias and Watchpoints USD/CAD is sitting at a key demand zone around 1.3720 – 1.3740, where buyers need to defend the trend. The bias remains bullish above this level, with upside targets at 1.3818 and 1.3920. A break below 1.3650 would invalidate the long setup and expose further downside. With US data in focus and CAD weighed down by weak GDP and soft oil prices, the pair is more likely to follow USD momentum in the near term. Traders should watch NFP and Canada’s jobs data closely, as these will dictate whether this bounce carries to new highs or fades into deeper consolidation.
Long
by ultreosforex
8
Sell USD/CAD now at cluster resistance.CAD was one of the top performing majors last week and I expect it to continue. It's the start of a new month and the top wick of the new monthly candle before the downtrend continues. There is Non Farm Payrolls on Friday at the end of the week, so price action before the news event will influence this trades outcome. Sell now : 1.3814 cluster resistance Stop : 1.3893 above major resistance Profit : 1.3656 before 78.6 Fib and rising trendline Risk 1 : 2
Short
by ForexExpats1