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U.S. Dollar / Canadian Dollar

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USDCAD H1 | Bearish Drop-Off in PlayUSD/CAD has reacted off the sell entry, which is a pullback resistance, and could drop from this level to the take profit. Sell entry is at 1.3957, which is a pullback resistance level. Stop loss is at 1.3975, which is a pullback resistance. Take profit is at 1.3933, which is a pullback support. 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
USDCAD (2H timeframe).USDCAD (2H timeframe). From the technical setup shown: Current price: 1.3995 approx. A trendline break is being anticipated. Two downside targets are already marked in my chart. Targets: 1. First Target Zone → 1.3940 – 1.3935 (This is the first support level after the breakdown) 2. Second Target Zone → 1.3890 (This is the extended bearish target, next support level) 📉 If the price breaks below 1.3950 trendline, bearish continuation toward 1.3940 → 1.3890 looks possible.
Short
by RSI_Trading_point
2
USD/CAD Daily – Ichimoku Long SetupTrend & Cloud Structure Price cleanly above the Kumo—bullish trend confirmed. Future cloud bullish (Senkou A > B) and thick—solid support ahead. Momentum & Confirmation Tenkan-sen crossing above Kijun-sen — short-term momentum shift. Chikou Span above price — confirmation of bullish intent. Entry & Risk Levels Entry: On daily close above cloud. Stop: Just below cloud’s lower boundary. Target: At least 2x stop-distance; ideally near projected cloud resistance (Senkou B or prior swing high). Caveats If price plunges back into the cloud or Tenkan crosses back below Kijun — invalidate and exit. Use daily timeframe—lower ones produce false signals. Final Thoughts Ichimoku gives a live trend heatmap — use it. Waiting for alignment across cloud, lines, and Chikou gets you in only on structurally solid setups. Thoughts? Will the cloud support or crush this long play?
Long
by yieldzilla888
USDCAD: Bullish Momentum in Play-UpdateUSDCAD: Bullish Momentum in Play-Update Price broke out above the descending trendline, showing bullish strength. After the breakout, developed more and also completed a small bullish triangle pattern. USD is still weak but this price accumulation looks really good. The only threat of the US dollar is Trump and the strange game he is playing with his tariffs. Let's hope he will not make a bigger mess. The U.S government shutdown is on its second week and nothing happened. Overall, the USD is stronger than before. Key Targets: 1.4000 1.4050 1.4150 As long as price stays above the large pattern, the bullish scenario remains valid. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
3
USD/CAD Bulls Eye Pivotal ResistanceUSD/CAD is trading at key resistance into the start of the week at 1.3977/85- a region defined by the 2022 high, the May high-close and the 200-day moving average. Risk for possible inflection exhaustion / inflection off this zone in the days ahead. Monthly open support rests at 1.3920 and is backed by the 2022 high-close / 2023 high at 1.3881/99. Broader bullish invalidation rests with the 61.8% retracement / September 11 reversal close at 1.3826/32 with a breach / daily close above the 38.2% retracement of the yearly range at 1.4019 needed to fuel the next major leg of the advance. Keep in mind we get the release of Canada employment data on Friday. -MB
by FOREX.com
1
USDCAD perfect entry setups Beautiful entry setups spotted on USDCAD. Study the pattern! Price was overall Bullish but Intra-day sell setups were spotted to get price down to another discount point of interest (POI) @1.39024 for continuous bullish trend. London Session swept previous day's high and Asian session high then broke the last lower low causing a Market Structure Shift (MSS). This confirms that sellers are interested to take price lower. Retracement on New York Session at Inverse Fair Value Gap (ifvg) targeting the discount POI. Second entry- OB mitigation the next week 3rd entry- ifvg mitigation while sweeping liquidity. You can spot the same concept after mitigation of POI- Sweep of Price Consolidation + MSS + liquidity sweep + mini- demand targeting Previous high. Go to your charts and practice this concept! Bye for now :)
by sharpdennis10
Forex Idea: USDCAD Short Bias – D1 Supply Zone ReactionUSDCAD has been trading in a ranging market over the past few sessions, consolidating after a strong bullish extension that began from the key level 1.3760 on September 25. This upward move has now brought price into a well-defined Supply Zone between 1.3885 and 1.3985, a 100-pip band that historically attracts selling pressure. 📊 Technical Breakdown - Supply Zone (1.3885–1.3985): Price has entered a high-probability reversal area on the Daily chart. This zone has previously acted as a ceiling, and early signs of rejection are emerging. - Ranging Behavior: The market has stalled within this zone, printing indecisive candles and suggesting a potential shift in momentum. This consolidation often precedes a breakout or reversal. - Extension from 1.3760: The bullish leg from this key level has now matured, and the pair may be due for a corrective move or deeper retracement. 🎯 Trade Outlook This setup favors a short bias, especially if bearish confirmation appears on lower timeframes (H4/H1). Traders should watch for rejection wicks, bearish engulfing patterns, or divergence signals to validate entry. - Entry Zone: Within the supply band, ideally near the upper boundary for optimal RR. - Stop-Loss: Above 1.3985 to protect against breakout continuation. - Target Zone: Back toward 1.3760 or mid-range levels, depending on intraday structure. ⚖️ Why This Setup Matters This is a textbook example of price reaching an institutional supply level after a sustained rally. The 100-pip range offers room for tactical entries and exits, and the confluence of ranging structure + supply zone makes this a compelling swing trade candidate.
by ICT_Trader_SB
USDCAD, is it a confirmation entry?EURUSD Main Parameters 1. Monthly timeframe - Bullish 2. Weekly timeframe - Bullish 3. Daily timeframe - Bullish 4. Intraday timeframes - Bullish Other Parameters 5. COT Data - CAD with main parameters 6. DXY Index - Beariosh with main parameters. Confirmed Confluences 1d BOS Level, 4hr Hidden Invalidation, 2hr Hidden Invalidation,1hr Structural retest, 30min Invalidation. Based on all these parameters and having 90% probability on our parameters; we executed a Long position risking not more than 10 Pips, targeting a 1:15+ at significant level where we are targeting to take our profits. DISCLAIMER: You already Know.
Long
by relentlessforex
2
USDCAD | Yield Gap Supports Wave (y) Push to 1.40 The U.S.–Canada yield spread has widened back toward 1.0%, reflecting hawkish Fed–dovish BoC divergence. This has underpinned broad USD strength and weighed on the CAD. Technical Lens: USDCAD has progressed into wave (y) of the corrective structure, breaking through interim resistance and testing the upper channel toward the 1.40 region. The structure remains constructive as long as the channel holds, with the Elliott count framing 1.40 as a key inflection point. Scenarios: If the yield gap continues to widen and the channel holds → potential extension to 1.40. If spreads narrow and price rejects 1.40 → pullback toward mid-channel support near 1.37–1.38. Catalysts: U.S. economic data & Fed communication. Canadian growth signals and BoC policy stance. Oil price stability (limited CAD support so far). Takeaway: The 1.40 zone is the decision point where macro divergence and technical structure converge.
by Alchemy Markets
1
Canadian dollar extends lossesUSDCAD breaks the the new high, as Crude oil gets under pressure after OPEC+ decision and upcoming talks between Israel and Hamas in Gaza. The ideas falls into the previous swing trading logic described in the previous related post. Technically, USDCAD is heading to test the strategic resistance of 200-day moving average and may approach the area above 1.4 Don't forget - this is just the idea. Always do your own research and never forget to manage your risk!
Long
by Stanislav_Bernukhov_Exness
USDCAD Is Bearish! Short! Take a look at our analysis for USDCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.395. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.385 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
USDCAD – Testing a Major Resistance ZoneUSDCAD remains overall bullish, trading within a rising channel. However, price is now approaching a key intersection between the upper trendline and a major resistance zone around 1.4000. As price nears this confluence area, we’ll be looking for potential short opportunities, anticipating a possible rejection before any continuation higher. The next support zone sits near 1.3750, where buyers might step back in if a pullback occurs. ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀 All Strategies Are Good; If Managed Properly! ~Richard Nasr
Short
by TheSignalyst
6
Bullish momentum set to continue?The loonie (USD/CAD) is falling towards the pivot and could bounce to the 61.8% Fibonacci resistance. Pivot: 1.3906 1st Support: 1.3742 1st Resistance: 1.4166 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.
Long
by IC Markets