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U.S. Dollar / Canadian Dollar

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USD/CAD showing scope for further outperformanceThe technical picture for USD/CAD remains optimistic. Since bottoming out in June/July, the pair has forged a series of higher highs and higher lows. This month witnessed a break of resistance between CA$1.3989 (1M) and CA$1.3948 (1Y), with price now seen retesting the area as support. The lack of overhead resistance until the 3M level at CA$1.4197 suggests this could remain a market for buyers, and the test of CA$1.3948-CA$1.3989 could prove a base for dip-buyers. You may also note that this support area is positioned just under CA$1.4000, therefore potentially serving as an area to enter long from following the whipsaw of the big figure. Written by the FP Markets Research Team
Long
by FP Markets
USDCAD sideways consolidation support at 1.4013The USDCAD remains in a bullish trend, with recent price action indicating a potential breakout rally within the broader uptrend. Support Zone: 1.4013 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 1.4013 would confirm ongoing upside momentum, with potential targets at: 1.4093 – initial resistance 1.4122 – psychological and structural level 1.4150 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 1.4013 would weaken the bullish outlook and suggest deeper downside risk toward: 1.3990 – minor support 1.3970 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the USDCAD holds above 1.4013. 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 Trade Nation
USDCAD My Opinion! SELL! My dear friends, My technical analysis for USDCAD is below: The market is trading on 1.4027 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.4012 Recommended Stop Loss - 1.4037 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. 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
USDCAD – Potential Short Setup After Retest of Supply ZoneAfter a strong bearish impulse, the price has retraced back toward a previously broken structure that now aligns with a supply zone (highlighted in purple). This area has acted as a strong support in the past and could now serve as resistance after the recent breakdown. Currently, the market is showing a corrective move to the upside, likely to mitigate orders before the next bearish leg. If price shows rejection signs such as bearish engulfing or lower-timeframe structure shift within this purple zone, I’ll be looking for short opportunities. Trade Plan: 🔹 Entry: After confirmation of rejection within the purple zone 🔹 Stop Loss: Above the zone’s upper boundary or recent swing high 🔹 Take Profit 1: near 1.3986 🔹 Take Profit 2: Extension toward 1.3964 Bias: 📉 Bearish continuation after corrective pullback to the supply zone. Market Logic: The bearish momentum remains dominant, and the corrective structure suggests distribution before continuation. I’ll wait for confirmation before executing the short position.
Short
by Goldminer10
USDCAD H1 | Bullish Bounce Off SupportBased on the H1 chart analysis, we can see that the price has bounced off the buy entry which is a pullback support and could rise from this level to the upside. Buy entry is at 1.3998, whichis a pullback support. Stop loss is at 1.3983, whichis a pullback support that aligns with the 138.2% Fibonacci extension. Take profit is at 1.4028, whichis a pullback resistance that aligns with the 50% Fibonacci retracement. Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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. 70% 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.
Long
by Tradu
USDCAD Forecast USD/CAD highlighting a potential short-term bearish setup. Price has recently broken below a rising channel and is now retesting the 1.4025–1.4035 resistance zone (previous support turned resistance). The projection suggests a possible rejection from this zone, followed by a decline toward the 1.3980 demand area. Overall, the chart indicates a sell-on-retest scenario aligning with bearish momentum after a channel breakdown. "Thank you for your support! If you found this idea valuable or learned something new, please consider liking and leaving a comment. I’d really appreciate hearing your feedback and thoughts."
Short
by Pintu_sahu01
2
USDCAD Remains sustain its bullish trajectoryThe USDCAD pair is attempting to break above its recent consolidation resistance, continuing its broader uptrend. Strength in the U.S. Dollar Index (DXY) provides additional support for the bullish momentum. Currently, the pair is challenging the 1.4020 resistance level. A confirmed breakout above this zone could open the way for further upside movement, targeting the next key resistance at 1.4110. From a fundamental perspective, if the current positive sentiment around the USD remains unchanged, and risk appetite continues to favour the dollar, the pair may sustain its bullish trajectory. The consolidation seen earlier could act as a base for further growth, reinforcing the upward momentum. You may find more details in the chart. Trade wisely best of Luck. Ps; Support with like and comments for better analysis Thanks for Supporting.
Long
by MrMartin_11
9
Trade Analysis (USD/CAD – 15m CAP Wave)The broader market trend for USD/CAD remains bullish, with higher timeframes confirming an overall upward direction. However, on the 15-minute timeframe, price action reveals a strong session low zone that has already been tested in a previous session, suggesting potential short-term exhaustion at this level. The current 15m CAP wave indicates a downward move towards the lower boundary of the zone, implying short-term bearish momentum. Given the confluence of previous tests and current CAP direction, a temporary bounce from this support area is possible before any sustained continuation in the broader uptrend. This setup therefore highlights a short-term bearish opportunity within a long-term bullish context.
Long
by sheerazforex
1
USDCAD Forming Bullish StructureUSDCAD on the daily chart is maintaining a strong bullish structure after breaking above the previous resistance zone around 1.3940. The market has been forming higher highs and higher lows, showing solid buying pressure as the pair heads toward the 1.4140–1.4200 resistance range. The current price action suggests a potential continuation setup where a minor pullback toward the breakout zone could invite more buyers before the next bullish impulse. The upward momentum is supported by clear technical strength, making this a favorable setup for long positions if price sustains above 1.3940. From a fundamental standpoint, the US dollar remains dominant amid the ongoing strength in the US economy and persistent inflation pressures, which keep expectations of prolonged higher interest rates from the Federal Reserve alive. In contrast, the Canadian dollar faces pressure due to weaker growth prospects and declining oil prices, which reduce demand for the CAD as a commodity-linked currency. Additionally, global risk sentiment has leaned defensive, favoring the USD as a safe-haven asset. If the bullish momentum continues and the market holds above the current support region, USDCAD could likely retest the 1.4140–1.4200 zone in the near term. Traders will closely monitor US inflation data and crude oil performance as key drivers for this pair’s next move. Overall, the setup aligns with both technical and fundamental bullish conditions, offering a clear profit potential on continuation of the trend.
Long
by AndrewsMarket-Mastery
USDCAD Will Go Lower! Short! Here is our detailed technical review for USDCAD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.404. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.401 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
USDCAD → Attempt to break through resistance to continue growth FX:USDCAD is attempting to break through consolidation resistance within an uptrend. Growth in the dollar index may support the current trend. The dollar is rising. The currency pair is consolidating ahead of resistance at 1.40600, against which it is attempting to break through in order to continue growing. The growth may continue if the current fundamental background remains unchanged. Consolidation may support further growth. A breakout and closing above 1.4060 will confirm the bullish sentiment and, in turn, may trigger a distribution to 1.411 - 1.415. Resistance levels: 1.4060 Support levels: 1.4028, 1.4005 The trend is bullish, with virtually no pullback after the growth, only consolidation, which is technically a positive sign. A breakout of the specified consolidation resistance could trigger distribution to areas of interest. Best regards, R. Linda!
Long
by RLinda
7