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USD/CAD (OANDA EU Clients)

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USDCAD.PRO.OTMS trade ideas

Trudeau’s Expected Resignation Prompts Dollar ReboundThe USD/CAD pair hit 1.4379, reflecting a rebound from its earlier January 2016 lows, as traders react to the potential resignation of Canadian Prime Minister Justin Trudeau. This possible political shift has also strengthened the US dollar against the Canadian dollar, causing the loonie to pare some of its earlier gains. Trudeau's anticipated departure, amid public and legislative pressure, adds an element of political uncertainty in Canada, which could impact the CAD's stability. Meanwhile, in the U.S., President-elect Donald Trump's tariff plans are being recalibrated to target only critical imports, a shift from his campaign's universal tariff approach. This adjustment aims to mitigate widespread disruptions and price increases, potentially supporting market stability and investor confidence. As these geopolitical and economic factors unfold, traders should remain vigilant, as developments in Canadian leadership and U.S. trade policies could introduce further volatility and influence USD/CAD dynamics.
by tastyfx
USDCAD Wave Analysis 30 December 2024 - USDCAD reversed from resistance zone - Likely to fall to support level 1.4400 USDCAD currency pair recently reversed down from the resistance zone surrounding the major long-term resistance level 1.4400 (which stopped the sharp uptrend at the start of 2020) intersecting with the upper weekly Bollinger Band. The downward reversal from the resistance level 1.4400 stopped the previous medium-term impulse wave (5). Given the strength of the support level 1.4400 and the overbought reading on the weekly Stochastic indicator, USDCAD currency pair can be expected to fall to the next support level 1.4315.
Short
by FxProGlobal
2
USD/CAD First Yearly Close > 1.4000 Since 2002It was a blistering Q4 for the US Dollar and that's especially true in USD/CAD. While USD reversed aggressive at the Q4 open while getting a shot-in-the-arm around the U.S. Presidential election, in USD/CAD there was also the added drive of tariff potential after President-elect Trump threated a 25% tariff on Canadian goods unless the border was shored up. That comment came on November 26th and led to a bullish spike in the pair, which did recede; but after that the 1.4000 level began to show as support and buyers pushed another strong move through December trade. There were especially noticeable drives on both the NFP report and the FOMC rate decision. After the Trump comment re: 25% tariffs on Canada, PM Trudeau flew down to Florida to try to appeal to Trump. Trump's response after seems jovial in nature, as he called Canada the 51st U.S. state and PM Trudeau a 'governor.' I think the big question here is whether Trump wants a strong U.S. Dollar which a push towards austerity could produce. And if that happens, weakness could show in equities which could then bring questions around his economic agenda. I'm expecting something similar to what showed in 2017, when shortly after inauguration Trump opined that the U.S. Dollar was 'too strong,' after which the currency went into a tailspin for the rest of the year, even as the Fed hiked rates three times in 2017 and four times in 2018. If we do see mean reversion in the US Dollar, USD/CAD could remain attractive for similar themes. For now bulls are still pushing and next resistance is the same 1.4690 area that was respected back in early-2016 and again in 2020. - js
by FOREXcom
2
USDCAD Set To Grow! BUY! My dear friends, USDCAD looks like it will make a good move, and here are the details: The market is trading on 1.4314 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.4357 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
USDCAD H1 I Bounce off 38.2%?Based on the H1 chart analysis, we can see that the price is approaching our buy entry at 1.4366, which is a pullback support that aligns with a 38.2% Fibo retracement. Our take profit will be at 1.4395, a pullback resistance. The stop loss will be placed at 1.4341, which is an overlap support level. 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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, previously FXCM EU Ltd (www.fxcm.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 Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘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 FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
USDCAD -bias long Bullish indications: Pair is in bullish trend making higher high higher lows, and respecting MA 20 in day time frame , made a inverted hammer in 4 hr time frame , Inverted head and shoulder and hammer Ma 21 respected, in 1 hr -Bullish pennant broke out and again MA 20 respected which indicates bullish momentum in the is pair . Hence going long Trade plan bias long @ 1.4385 SL:1.4370 TP1:1.44000 TP2:1.4414 SL: Bearish : Made double top in day time frame with bearish engulfer candle and also bearish divergence.
Long
by gouthamkulal1
Trump and Trudeau Cause USD/CAD ReversalUSD/CAD broke lower on Monday, surprising traders who had been expecting a continuation of the uptrend. Political developments in both the US and Canada were the catalysts behind this sharp move, with the pair closing below a key consolidation range. US Dollar Weakens on Trump Tariff News The US dollar weakened after reports suggested that Donald Trump might scale back plans for sweeping tariffs on imports. Markets had initially priced in broad-based duties of 10% or more, but news of a narrower scope shifted sentiment. This sparked a relief rally in competing currencies, pulling the dollar index down by 0.7%. Although Trump quickly dismissed the report as “fake news,” the damage to the greenback was already done, as traders reassessed the inflationary and economic implications of the potential policy shift. Trudeau’s Resignation Lifts the Loonie In Canada, Prime Minister Justin Trudeau’s announcement of his resignation marked the end of nearly a decade in office. His departure, driven by internal party pressures and declining public support, injected optimism into Canadian markets. The Canadian dollar gained as traders welcomed the potential for political renewal ahead of elections later this year, with hopes for more stable governance and economic policies boosting confidence in the currency. Technical Breakdown for USD/CAD USD/CAD had been in a strong uptrend since mid-September, with the 50-day moving average diverging above the 200-day moving average. Over the holiday period, the pair entered a tight sideways consolidation range, a pattern often seen as a continuation signal during a bullish trend. However, Monday's political developments caused a break below the consolidation range, with the pair closing below key support levels. This move sets up the potential for a deeper retracement, with the 50-day moving average as the next critical level to watch. USD/CAD Daily Candle Chart Past performance is not a reliable indicator of future results Zooming in on the hourly chart reveals that USD/CAD has begun forming a series of lower swing highs, creating a descending trendline. This trendline serves as a key indicator for traders navigating the potential reversal. While the long-term uptrend remains intact, traders should be cautious of a possible fakeout. A decisive break back above the descending trendline and into the previous range could signal short sellers to cover their positions, negating the bearish setup. USD/CAD Hourly Candle Chart Past performance is not a reliable indicator of future results Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
by Capitalcom
What Trudeau’s resignation means for USD/CAD? Canada's Prime Minister Justin Trudeau is reportedly expected to announce his resignation this week, with Reuters suggesting the announcement could come as early as today. Trudeau's departure would leave the Liberal Party without a permanent leader, as polls indicate the party is at risk of a significant loss to the opposition Conservatives in an election required by late October. In the forex market, USD/CAD fell from the January high at 1.4460 when the resignation rumors began. A move above the 100- and 200-hour moving averages at 1.4390 might signal a reversal in buyer momentum and a stronger bullish bias. The range low at ~1.4335 is potentially another key level to watch for this pair.
by BlackBull_Markets
USDCAD SHORT incomingUSDCAD looks to be setting up for a nice short, its not quite ready yet and needs to break this small consolidation range and then fail at around 1.46 which has a major resistance zone. The idea has a number of confluence points with the DXY looking top heavy and too coinciding movement hitting a major resistance above 110 at 113. NFP news was good for the dollar which we saw it pump. More fundamentals in the near future will determine the WHEN for this move to start. Technically we are poised for the reversal with a target of 1.39, a support area and 0.618 fib zone. Currently we are trading at the high end of the trend with the RSI stating overbought territory. This may not play out next week and may take another couple of weeks. Forth coming events are USD - inflation rate data and CPI. Do you own analysis and please let me know your thoughts.
Short
by PLaceUrBetsPlease
USDCAD 1H ShortThe USD/CAD 1-hour chart illustrates a potential bearish setup as the price breaks below the Ichimoku cloud (Kumo), indicating a shift to bearish momentum. The Tenkan-sen (red line) and Kijun-sen (blue line) have crossed below the cloud, supporting further downside potential. The bearish crossover and the downward-angled Kumo ahead signal continued selling pressure. A short entry is viable below the current level at 1.4320, with a stop-loss placed above the Kijun-sen around 1.4345 to minimize risk. The take-profit target is set near the previous swing low at 1.4280, offering a favorable risk-to-reward ratio. However, traders should monitor volume and lower timeframes for confirmation before entering the trade.
Short
by ALRDNMRSKY