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USD/CAD (OANDA EU Clients)

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USDCAD.PRO.OTMS trade ideas

USDCADTook the first wave of USDCAD and rode that successfully and we've have been given a re-entry for yet another long position. The pair is on some recovery as it makes it's way to the downside on the overall timeframe so entry has to be calculated carefully. Trump's Tax tariffs, some friction with Canada, lingering war between Russia, the EU and Ukraine really having some effects on this pair We would ride this pair all the way to the upside carefully so, brace up!
Long
by Iron-D
USDCAD INTRADAY bearish below 1.4060The USDCAD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 1.4060, which represents the current intraday swing low and the falling resistance trendline level. In the short term, an oversold rally from current levels, followed by a bearish rejection at the 1.4060 resistance, could lead to a downside move targeting support at 1.3825, with further potential declines to 1.3700 and 1.3540 over a longer timeframe. On the other hand, a confirmed breakout above the 1.4060 resistance level and a daily close above that mark would invalidate the bearish outlook. This scenario could pave the way for a continuation of the rally, aiming to retest the 1.4160 resistance, with a potential extension to 1.4270 levels. Conclusion: Currently, the USDCAD sentiment remains bearish, with the 1.4060 level acting as a pivotal resistance. Traders should watch for either a bearish rejection at this level or a breakout and daily close above it to determine the next directional move. Caution is advised until the price action confirms a clear break or rejection. 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 TradeNation
Weekly Buy Trade Plan – USD/CAD (April 2025)This is a weekly timeframe bullish setup on USD/CAD, focusing on a high-probability buy opportunity based on key support structure and RSI dynamics. 🧠 Technical Outlook: Price has strongly rejected a major historical support zone around 1.37781 – 1.38800, highlighted by the green horizontal line. This level has acted as strong support multiple times in the past, making it a key demand zone for potential reversal. After a strong bearish leg, the current price action suggests exhaustion in selling pressure, indicating a likely bounce from this level. 💹 Why Long? Price is sitting right above the support zone, with buyers stepping in around the 1.38800 level. This area aligns with previous structure and is a likely zone where institutional buyers may accumulate. 📊 RSI Analysis: RSI (14) is at 39.99, entering the oversold territory and showing early signs of potential reversal. Although momentum is still bearish, this is where contrarian entries often occur—anticipating a bounce back toward midline (50+) or higher. ✅ Trade Setup Details: Entry: Around 1.38800 zone (current support zone) Stop Loss: Below 1.37781 (to protect against deeper correction) Take Profit: Targeting the 1.42000 – 1.43000 resistance zone Risk-Reward Ratio: Around 1:2.5 or better, offering a solid return potential if price rebounds ⚠️ Trade Management Tips: Watch for bullish confirmation candles on the daily or H4 for added confluence. Monitor USD and CAD fundamentals for short-term volatility (e.g., interest rate decisions, oil prices). Secure partial profits near 1.41000 and trail your stop.
Long
by The_Trading_G3ek
WHY USDCAD IS DROPPING ?? DETAILED ANALYSISUSDCAD is currently reacting from a strong daily supply zone after a sustained upside move, and we are now seeing clear signs of bearish structure forming. Price has broken through multiple short-term supports and is now trading around the 1.38600 level, sitting right above a key demand zone that held in late 2023. Given the aggressive sell-off and rejection from the 1.43400–1.44500 resistance range, the market appears to be preparing for a deeper retracement. My bearish target is 1.34600, which aligns with the previous major demand level and psychological support. Technically, the chart shows two strong bearish engulfing moves from supply, followed by lower highs and lower lows. This shift in structure combined with repeated rejections from resistance zones indicates the momentum is shifting in favor of sellers. If the current zone fails to hold on the retest bounce, we could see a strong continuation leg down. I expect a minor correction toward 1.41600 before further downside resumes, offering an ideal risk-reward short setup for swing traders. From a fundamental perspective, the Canadian Dollar remains firm, supported by strong crude oil prices as WTI holds above $85 amid geopolitical tensions and production cuts. At the same time, recent U.S. data has shown mixed signals, with sticky inflation keeping the Fed cautious, but slowing job growth and consumer spending raising concerns. If oil prices remain elevated and Fed rate cut expectations increase later this quarter, the USDCAD pair is likely to stay under pressure. With CAD strength driven by energy markets and the USD facing headwinds from softening macro indicators, this setup aligns both technically and fundamentally for a bearish continuation. I’ll be watching for clean rejections from the 1.40000–1.41600 resistance zone before loading more shorts toward 1.34600. Patience is key — this could be a high-probability move in the coming weeks.
Short
by AndrewsMarket-Mastery
3
USD/CAD – Bullish Reversal Zonea at Trendline + Morning StarUSD/CAD is currently forming a bullish reversal setup, which often signals a potential upside move. Right now, the price is testing a key support and a historical demand zone, while also printing a Morning Star candlestick pattern on the daily timeframe, which is a classic bullish reversal signal. ⚠️ If buyers hold the trendline and we see a breakout above the recent minor high around 1.3950, we could see a bullish move toward the 1.4050–1.4170 zone. 🎯 🔹 Trade Setups to Consider: 1️⃣ Aggressive Long (Based on Morning Star Pattern) 📍 Entry: 1.3915 🛑 Stop Loss: 1.38143 🎯 Targets: 1.40248 ➡️ 1.41290 💬 What’s your view on USD/CAD? Drop your thoughts below 👇 #Forex #TradingSetup #PriceAction #TechnicalAnalysis #TradeIdeas #FX #USDCAD #Reversal #MorningStar #CandlestickPatterns #TrendlineSupport
Long
by ByteSignals
USDCAD H4 | Bullish Rise Based on the H4 chart analysis, the price is approaching our buy entry level at 1.3908, a pullback support. Our take profit is set at 1.4055, a pullback resistance that aligns with the 50% Fibo retracement. The stop loss is placed at 1.3828, a swing low 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 (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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. 63% 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.
Long
by Tradu
USD/CAD bears eyeing deeper downside flushUSD/CAD bears will be eyeing a meaningful downside flush with the pair breaking and closing beneath the 200-day moving average on Thursday, hitting fresh year-to-date lows in the process. The price now finds itself below 1.3947, the high set in August last year. The break may encourage others to join the bearish move, generating a setup where shorts could be established with a stop placed above the level for protection. 1.38115 screens as an initial target, with other minor levels such as 1.3748, 1.3700 and 1.3647 also in play. Momentum indicators favour retaining a bearish bias, with RSI (14) trending strongly lower but not yet oversold. MACD further bolsters the bearish signal. If the price were to reverse back above the 200DMA, the overall bearish bias would be invalidated. Good luck! DS
Short
by FOREXcom
After CAN CPIs, it's time to prepare for BoC rate decisionLooking at the CPI numbers that came out, we are noticing some weakness in the CAD right now. This weakness may spill over into tomorrow's trading, as the BoC is expected to keep the rates unchaged. Let's dig in! FX_IDC:USDCAD MARKETSCOM:USDCAD Let us know what you think in the comments below. Thank you. 77.3% 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. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
by Marketscom
USD/CAD "The Loonie" Forex Bank Heist Plan (Swing/Day)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑💰✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the USD/CAD "The Loonie" Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Pink MA Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bearish loot at any price - the heist is on! however I advise to Place sell limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level for Pullback entries. Stop Loss 🛑: 📌Thief SL placed at the nearest/swing High or Low level Using the 4H timeframe (1.40500) Day/Swing trade basis. 📌SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 1.36000 (or) Escape Before the Target USD/CAD "The Loonie" Forex Market Heist Plan (Day / Swing Trade) is currently experiencing a Bearish trend.., driven by several key factors.👇👇👇 📰🗞️Get & Read the Fundamental, Macro, COT Report, Geopolitical and News Analysis, Sentimental Outlook, Intermarket Analysis, Index-Specific Analysis, Positioning and future trend targets... go ahead to check 👉👉👉🔗🔗 ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Short
by Thief_Trader