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USDCAD trade ideas

USDCAD BUY after professional buying in a bull trendUSDCAD long after professional buying and a successful low volume test above the buying area in an up trend Trade strategy using the Tradeguider VSA Elite software. Papertrade on Tradingview, placing the trade with real money on Activtrades (FX markets). Checklist: • Signal of professional buying at 09:00 09/09/2015 • Successful no demand at 19:15 10/09/2025 • Entry on a bar that closed on it’s high • A background of strength • Bullish trend alignment on 21, 50, 200 EMA 15 min, 20MA 4hr, 20MA daily Management of the trade in accordance with my trading plan on 15 mins
Long
by VSA_Alex_
Short! Short! USDCAD - Double Head and Shoulder PatternI have identified a clear head and shoulders pattern forming within a larger head and shoulders structure on the daily timeframe for USD/CAD, indicating a potential bearish reversal. From a fundamental perspective, several key factors are contributing to the current weakness in the Canadian dollar against the US dollar: Canada's labor market showed significant weakness in August 2025, with a notable loss of 65.5 thousand jobs and a rise in unemployment to 7.1%, the highest in years. This has increased market expectations for monetary easing from the Bank of Canada (BoC). Although core inflation remains above target, the weak jobs data is pushing the BoC towards potential rate cuts or a more accommodative policy stance, which weighs on the Canadian dollar. The market is currently pricing in a very high chance (around 98%) of an additional rate cut by the BoC in September, following previous reductions to 2.75%. This dovish stance contrasts with the Federal Reserve’s more cautious or hawkish approach, creating a wider interest rate differential that supports US dollar strength. Additionally, declining oil prices, a major export for Canada, are exerting further downward pressure on the CAD. While recent US economic data has been mixed, the Fed is generally seen as less dovish than the BoC, sustaining demand for the USD. Trade tensions and geopolitical risks between the US and Canada add to concerns over Canada’s growth outlook, contributing to CAD depreciation risk. Trade Tip A strong close below the Entry line will be a perfect entry /4hr TF Stoploss : Above the Left Shoulder (Red Rectangle) In summary, the combination of a weakening Canadian economy, dovish BoC bias, lower oil prices, and interest rate divergence between the US and Canada all support a bearish outlook for USD/CAD, which aligns well with the bearish head and shoulders pattern I have spotted on the chart. Not an Investment Advise
Short
by REUBEN_EUSTACE
【Canadian Dollar Analysis】 USD/CAD is currently oscillating wi【Canadian Dollar Analysis】 USD/CAD is currently oscillating within the 1.3450–1.3600 range, reflecting mixed fundamental drivers. **Supporting factors for CAD**: Rising crude oil prices (WTI back above $80) bolster its commodity currency appeal, while Canada’s stronger-than-expected January CPI may delay BoC rate cuts. **Headwinds**: Robust US economic data continues to strengthen the USD, coupled with sluggish domestic growth (Q4 GDP at just 1%). Technically, a break above 1.3620 is needed to confirm further upside, with key support at 1.3400. Monitor oil price dynamics and comparative economic data between the US and Canada. Trading strategy: range trading with breakout follow-up.
by trade1638
Trade todayEntry USDCAD A plus 08/09/2025 - 9am NY Head and shoulders H4 3pin Fibs 78.6 FVG at 9am BOS above taken The USDCAD moved lower alongside broader U.S. dollar weakness today, but buyers stepped in at a familiar support zone. The pair tested the 200-bar moving average on the 4-hour chart near 1.37844 (green line) before bouncing higher. Recall that on Friday, following the U.S. jobs report, price slipped below this same 200-bar average but found willing buyers near the 100-day moving average at 1.37626 (lower blue line on the chart above).
by EZIO-FX
usd/cad shows uptrendOverall, within the higher time frames, USDCAD is still at its lowest and has shown considerable potential. Currently, it has shown an uptrend, and it has been respecting the support lines within the hourly time frames. As of now, on the 1-hour time frame, it has become bearish. In my opinion, I would wait to see if it touches my yellow support line, or perhaps it could touch my blue support line; otherwise, we should wait until we see a bullish candle after this bearish engulfing candle.
Long
by jovanniespinosa1
USDCAD Set To Fall! SELL! My dear friends, Please, find my technical outlook for USDCAD below: The instrument tests an important psychological level 1.3832 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.3804 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
USD/CAD steadies as traders weigh US jobs buildup and Canadian tMarket overview USD/CAD is holding around 1.3810 on Thursday after a choppy week of data-driven swings. The dollar is consolidating following softer ISM manufacturing readings that highlighted weakness in US factory activity, while the services sector and labor market will take center stage heading into Friday’s nonfarm payrolls. Traders remain cautious ahead of ADP employment and ISM services today, which are expected to refine expectations for a September Fed rate cut. The Canadian dollar is struggling to capitalize on firmer oil prices after OPEC’s signaling of potential output hikes weighed on the commodity earlier in the week. Domestic fundamentals remain mixed: Q2 productivity contracted at -1.0% q/q, underscoring competitiveness challenges, while today’s trade balance will be scrutinized for signs of improvement after July’s -5.86B deficit. Market positioning suggests CAD resilience depends on strong labor and trade readings later in the week, otherwise leaving USD/CAD range-bound near current levels. Technical analysis Current technical conditions and main scenario The 4-hour chart shows USD/CAD bouncing off 1.3780 support and testing resistance at 1.3810. Price action has broken above a short-term descending trendline, signaling that momentum may be shifting. A sustained move above 1.3810–1.3820 would confirm a bullish breakout, targeting 1.3832 (200% Fibonacci extension) and potentially opening the door toward 1.3860 if follow-through builds. Alternative scenario If the pair fails to sustain above 1.3810 and dips back under 1.3798, a retracement toward 1.3780 support is possible. A decisive break beneath 1.3780 would undermine the bullish case and re-expose 1.3750 as the next downside target.
Long
by Errante
USD/CAD – Pullback WatchReport from the War Room: USD/CAD is currently pulling back into a resistance zone. This is our battlefield — the place where we watch for confirmation, not prediction. Structure: Price is pressing into a known resistance level. Momentum: Currently high, but still needs to align. Next Step: Wait for the pullback to complete and confirm with: ✅ Engulfing Candle (signal of takeover) ✅ Volume strength (conviction) ✅ Momentum alignment (gas pedal in the right direction) Until these soldiers line up, we stand by. ⚔️ War Room Lesson: Patience is a weapon. The pullback is not complete until all three — Structure, Volume, and Momentum — are in agreement. No alignment, no trade. 👉 We don’t chase the battle. We wait for the soldiers to take the field.
by darlwright
USDCAD 1H long wachtlistUSDCAD is falling for a while with no significant pullback. Now it's approaching 2 strong support levels, so I expect a good pullback in that area. Tomorrow is also CAD high impact news so hopefully it can fuel the drop even more that the RSI get really red oversold. At that point I'm happy to step in with my buy orders :) My plan is as follows: - I want to see one sharp drop into the support zone - At that moment I will place buy orders every 20 - 30 pips - RSI oversold Because it's friday possible to carry trade over the weekend
Long
by FX-Diaries
Long trade 15min TF overview 📘 Trade Journal Entry Pair: USD/CAD Date/Time: Fri 29 Aug 25 – 11:30 am Session: New York AM Timeframe: 1H Trade Type: Buy-side 📊 Trade Parameters Entry: 1.37308 Stop Loss: 1.37264 (0.03%) Take Profit: 1.37721 (0.30%) Risk/Reward Ratio: 9.79: 1 🕵 Observations Trade initiated at the discount zone following an extended downside move. FVG + YDL confluence provided a strong liquidity pool for reversal entry. Volume divergence supported buy-side intent at session lows. Entry refined with a tight stop below the accumulation base. ✅ Trade Narrative Price swept session lows near YDL, rejecting liquidity beneath 1.3726 before bouncing. Entry executed at 1.37308, targeting intraday liquidity pocket at 1.3772. Stop was minimal (1.37264), offering a highly asymmetric RR (9.79R). The setup aligns with Wyckoff-style accumulation and the NY session expansion higher. 5min TF
Long
by davidjulien369
USDCAD BUYS🔎 Technical Breakdown Breakout Structure Price had been consolidating in a sideways range after a strong downtrend. Recently, price broke out of the consolidation zone to the upside, showing buyers stepping in. Current candles are forming higher lows → early trend reversal signals. Support Zone (Demand Area) Around 1.3730–1.3740, price rejected multiple times (wicks). This shows strong demand, making it a safe stop-loss zone. Candle Behavior Recent bullish candles have longer bodies and smaller wicks → momentum favors buyers. The last red candles got quickly engulfed by blue (bullish) candles → market bias shifted. Risk-to-Reward (RRR) SL around 1.3731 and TP1 at 1.3770 / TP2 1.3790 gives you nearly a 1:2 RRR, which is favorable. Market Context USDCAD often reacts strongly to oil price moves and USD strength. If USD is stable/strong, buying pressure supports this setup. Also, this looks like a retracement entry after a sell-off, catching the early reversal PS - STILL BEARISH IN DAILY TF
Long
by acefxtrades
Catching a possible bounce on the USDCADI am looking strictly at the daily chart right now for my entry and awaiting confirmation on the 4 hour chart. I see the USDCAD trading in a range and the potential bounce point happened already around $1.3731. After the last daily red candle is passed in the upward direction, I see an entry with a buy stop at $1.3783 and breaking $1.38 would be the next confirmation. Looking forward to watching this trade develop as the New York market opens in the morning. www.tradingview.com
Long
by neelyfx
USDCAD| Bullish Bias - Deep Sweep, Smart Money at Work🔹 HTF (4H): Structure remains bullish with strong intent. Price refined into higher-timeframe OBs, digging deeper but still holding bullish order flow. 🔹 MTF (30M): A “Courtyard Liquidity Slash” cleared sell-side liquidity and price mitigated an internal OB. Despite a deep sweep that appeared bearish, structure remains intact. 🔹 LTF (5M): Now waiting for a visual CHoCH to confirm reversal off the significant HTF OB. Only then will I attend longs, looking to ride the next bullish leg into highs. 🔹 Execution Plan: Stay patient — once smart money reveals itself with confirmation, I’ll engage longs from refined zones. Until then, no need to force entries. 🔹 Mindset Note: Deep sweeps don’t change bias; they prepare the path. Let the market prove the hand before we strike.
Long
by Juicemannn