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USDCAD trade ideas

USD/CAD – Markets Await Powell’s Speech at Jackson HoleTrend: Consolidation above channel resistance (1.3840–1.3400). Current price: 1.3912. ⸻ Bullish scenario • Entry: BUY STOP 1.3980 • Target: 1.4170 • Stop: 1.3920 Bearish scenario • Entry: SELL STOP 1.3840 • Target: 1.3590 • Stop: 1.3920 ⸻ Key levels Support: 1.3840, 1.3590 Resistance: 1.3980, 1.4170 Indicators • EMA (Alligator): expanding upward. • AO histogram: bullish, above zero line. ⸻ 📌 Pair holds above 1.3840. Breakout of 1.3980 → growth to 1.4170; below 1.3840 → correction to 1.3590.
by John_Isige
Bearish reversal off pullback resistance?The Loonie (USD/CAD) is reacting off the pivot, which acts as a pullback resistance that aligns with the 61.8% Fibonacci projection and is also slightly below the 127.2% Fibonacci extension, and could drop to the 50% Fibonacci support. Pivot: 1.3913 1st Support: 1.3813 1st Resistance: 1.3988 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 ICmarkets
USD/CAD Bulls Eye 200DMA RetestHaving cleared resistance at 1.3900 on Thursday, a bullish setup has presented itself in USD/CAD ahead of Jerome Powell’s speech at Jackson Hole. Longs could be established above the level with a stop beneath for protection, targeting the 200-day moving average found today at 1.40336. The price has already backtested and bounced off 1.3900 in Asian trade, strengthening the merits of the setup. Momentum signals are firmly positive, with RSI (14) trending higher but not yet overbought, while MACD is also trending higher in positive territory above the signal line. While market pricing for Fed rate cuts is now less rich than just a few days ago, Powell is unlikely to explicitly back a September rate cut in his speech, especially with the August payrolls report on tap early next month. If the price were to reverse back beneath 1.3900 and hold there, the bullish bias would be invalidated, opening the door for strategies to trade the range down to support at 1.3800. Good luck! DS
Long
by FOREXcom
USDCAD OPPORTUNITY VIDEO BREAKDOWN...SIMPLE & STRAIGHTFORWARDHey hey TradingView community! Hope you all are doing amazing! Just wanted to come on and do a video breakdown on the USDCAD currency pair. I wanted to make a video so I could explain a few things I see for it in more depth but also keeping it simple for ya guys! So hope you guys enjoy the breakdown & mindset of the setup and looking forward to the next one! Please boost and follow the page for more accurate analysis and trades :) doing this for you all! Cheers!
Long
by JosePips
USDCAD Top of the Channel issues short-term sell signal.The USDCAD pair has been trading within a Channel Up since the 1D RSI Bullish Divergence started on the June 16 bottom and right now the price is approaching its top (Higher Highs trend-line) yet again. With the 1D MA50 (blue trend-line) acting as Support, we expect as short-term pull-back (at least) as long as the 1D candles close within the pattern. Our Target is 1.37715. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
USD/CAD: Inverse Head & Shoulders Playing OutHello guys. The chart is showing a clear inverse head & shoulders pattern, which often signals a potential bullish reversal. Price is now pushing above the neckline, suggesting momentum is shifting to the upside. As long as buyers hold this breakout, there’s room for continuation toward the 1.3853 and 1.3868 resistance levels. Key Levels: Support: 1.3720 (pattern invalidation if broken) Breakout Zone: 1.3800–1.3820 (neckline retest area) Targets: 1.3853 → 1.3868
Long
by melikatrader94
9
USDCAD A Fall Expected! SELL! My dear friends, My technical analysis for USDCAD is below: The market is trading on 1.3881 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.3873 Recommended Stop Loss - 1.3886 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