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Usdcadanalysis

USD/CAD Breaks Triangle: Bullish Target in SightHello guys! USD/CAD has broken out of a clear triangle formation, signaling strong bullish momentum. The breakout above the top line of the triangle, supported by earlier bullish divergence, confirms that buyers are now in control. Triangle breakout confirmed Strong bullish impulse post-breakout Retest of the broken trendline expected Target: 1.38791 A clean retest of the breakout level could provide another entry opportunity before price reaches the target zone highlighted in blue.
Long
by melikatrader94
8
USD/CAD Rises to 2-Month HighUSD/CAD Rises to 2-Month High Today, the USD/CAD exchange rate briefly exceeded the 1.3870 mark – the highest level seen this summer. In less than ten days, the US dollar has strengthened by over 2% against the Canadian dollar. Why Is USD/CAD Rising? Given that both the Federal Reserve and the Bank of Canada left interest rates unchanged on Wednesday (as expected), the primary driver behind the pair’s recent rally appears to be US President Donald Trump's decision to impose tariffs on several countries – including Canada: → Despite efforts by Prime Minister of Canada Mark Carney to reach an agreement with Trump, no deal was achieved; → Canadian goods exported to the US will now be subject to a 35% tariff; → The tariffs take effect from 1 August; → Goods compliant with the United States-Mexico-Canada Agreement (USMCA) are exempt. Media analysts note that the tariffs are likely to increase pressure on the Canadian economy, as approximately 75% of the country's exports are destined for the United States. USD/CAD Technical Analysis At the end of July, the price formed a steep ascending channel (A-B), with bullish momentum confirmed by a decisive breakout above the 1.3790 resistance level, as illustrated by the arrow: → the pullback before the breakout was relatively shallow; → the bullish breakout was marked by a long bullish candlestick with a close near the session high; → following the breakout, the price confidently consolidated above 1.3790. Provided that the fundamental backdrop does not undergo a major shift, bulls might attempt to maintain control in the market. However, the likelihood of a correction is also increasing, as the RSI indicator has entered extreme overbought territory. Should USD/CAD show signs of a correction after its steep ascent, support might be found at: → line C, drawn parallel to the A-B channel at a distance of its width; → the previously mentioned 1.3790 level, which now acts as a support following the breakout. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
USDCAD SELLUSD/CAD rallies further, approaches 1.3900 on higher levies to Canada The US Dollar keeps marching higher, as the Canadian Dollar struggles after Trump decided to increase tariffs to Canada to 35% from the previous 25%, escalating the trading tension with one of its main trading partners. The US President justified his decision on Canada’s alleged reluctance to cooperate on curbing the traffic of fentanyl and other drugs across the US border The year will be politically marked by Trump’s return to the White House. A Republican government is seen as positive for financial markets, but Trump’s pledge to cut taxes and impose tariffs on foreign goods and services may introduce uncertainty to both the political and economic landscape. Canada’s political crisis peaked in late 2024 with a no-confidence vote against Prime Minister Justin Trudeau, leading to snap elections and a weakened Liberal minority government. Policy uncertainty and economic challenges dominate 2025’s outlook, raising concerns over market stability and investor confidence. The BoC is set to continue easing interest rates through 2025, at least at a faster pace than the Fed is expected to, which could apply pressure on CAD’s already-rising rate differential. SUPPORT 1.38444 SUPPORT 1.38039 SUPPORT 1.37621 RESISTANCE 1.38889 RESISTANCE 1.39049
Short
by Mark804
Trade deal thread could pump USDCAD?USDCAD as with the bounce off the monthly support level, current is a strong uptrend.4H perspective, price is trading above 10ema since the cross over of 20ema and 10ema price is pushing back to the upside. With trade deal thread, including upcoming GDP on CAD could pump this price back to the resistance ? As 10ema has not been tested since cross over, we may see the price to back to the upside with respecting the 10ema. Buying on EMA is a high probability trade setup.
Long
by ForexWizard01
Uptrend is coming. Opportunity for buyers✏️ OANDA:USDCAD is trading close to the upper boundary of the triangle pattern. There is a high possibility that the current bullish momentum will break the upper boundary and form an uptrend for the USDCAD pair. The important price zone for the sellers at the moment is 1.075. If the buyers are strong enough to push the price above 1.075, the sellers will only be really interested in the price zone of 1.340, the high of the pair in May. 📉 Key Levels Buy trigger: Reject and Trading above 1.365 BUY DCA Break 1.375 Target: 1.400 Leave your comments on the idea. I am happy to read your views.
Long
by VHT_Trader
4
USD/CAD(20250730)Today's AnalysisMarket News: According to a Reuters/Ipsos poll, Trump's approval rating has fallen to 40%, the lowest level since his second term. Technical Analysis: Today's Buy/Sell Levels: 1.3762 Support and Resistance Levels: 1.3820 1.3798 1.3784 1.3739 1.3725 1.3704 Trading Strategy: If the price breaks above 1.3784, consider a buy entry, with the first target price at 1.3798. If the price breaks below 1.3762, consider a sell entry, with the first target price at 1.3739.
Short
by NicolaZhu
USD/CAD Institutional Buy Zone – Thief Trading Alert!🔥 USD/CAD "LOONIE BANK HEIST" 🔥 – THIEF TRADING STYLE (BULLISH SNIPER PLAN) 💸 ATTENTION: Market Robbers & Profit Pirates! "Steal Like a Pro – Escape Before the Cops Arrive!" 🎯 MASTER TRADE PLAN (Based on Thief Trading Tactics): Entry Zone (Pullback Heist): 📌 Pullback-1: Market Maker Trap Zone (1.35400+) – Wait for retest! 📌 Pullback-2: Institutional Buy Zone (1.33500+) – Confirm bullish momentum! "Patience = Perfect Heist Timing. Don’t rush—ambush the trend!" 🎯 Profit Target: 1.38100 (or escape earlier if momentum fades). 🛑 Stop Loss (Escape Route): Nearest 4H Swing Low (wick/close) – Adjust based on risk & lot size! 🚨 SCALPERS’ WARNING: "Only snipe LONG! Big pockets? Strike now. Small stack? Join swing robbers & trail your SL!" 📉 WHY THIS HEIST? (Bullish Triggers): Technical + Fundamental alignment (COT, Macro, Sentiment). Overbought but institutional demand holding strong. "Bears are trapped—time to rob their stops!" ⚠️ CRITICAL ALERT: News = Volatility = Police Ambush! Avoid new trades during high-impact news. Trailing SL = Your Getaway Car! Lock profits before reversals. 💥 BOOST THIS HEIST! "Hit 👍, 🔔 Follow, and 🚀 Boost to fuel our next robbery! Let’s drain the banks together!" 🔮 NEXT HEIST COMING SOON… Stay tuned, partner! 🎭💰
by The-Thief
USDCAD SELLUSD/CAD rallies to 1.3680 as the market focuses on a hawkish Fed The US Dollar extends its recovery for the second consecutive day, supported by strong US data. Upbeat US business activity and Jobless Claims support the Fed's "wait and see" rhetoric. In Canada, the weak Retail Sales data keep hopes for a BoC rate cut alive. The year will be politically marked by Trump’s return to the White House. A Republican government is seen as positive for financial markets, but Trump’s pledge to cut taxes and impose tariffs on foreign goods and services may introduce uncertainty to both the political and economic landscape. Canada’s political crisis peaked in late 2024 with a no-confidence vote against Prime Minister Justin Trudeau, leading to snap elections and a weakened Liberal minority government. Policy uncertainty and economic challenges dominate 2025’s outlook, raising concerns over market stability and investor confidence. The BoC is set to continue easing interest rates through 2025, at least at a faster pace than the Fed is expected to, which could apply pressure on CAD’s already-rising rate differential. SUPPORT 1.36991 SUPPORT 1.36739 SUPPORT 1.36495 RESISTANCE 1.37346 RESISTANCE 1.37455
Short
by Mark804
USD/CAD(20250725)Today's AnalysisMarket news: The European Central Bank announced that it would maintain the three key interest rates unchanged, reiterated data dependence, warned that the external environment is highly uncertain, and President Lagarde did not rule out the possibility of future rate hikes. Traders reduced their bets on ECB rate cuts. Technical analysis: Today's buying and selling boundaries: 1.3626 Support and resistance levels: 1.3689 1.3666 1.3651 1.3602 1.3587 1.3563 Trading strategy: If the price breaks through 1.3651, consider buying, with the first target price of 1.3666 If the price breaks through 1.3626, consider selling, with the first target price of 1.3602
Long
by NicolaZhu
USDCAD(20250721)Today's AnalysisMarket news: Waller refused to comment on whether he would dissent at the July meeting, saying that the private sector was not performing as well as people thought, and said that if the president asked him to be the chairman of the Federal Reserve, he would agree. Technical analysis: Today's buying and selling boundaries: 1.3725 Support and resistance levels: 1.3785 1.3763 1.3748 1.3702 1.3687 1.3665 Trading strategy: If the price breaks through 1.3725, consider buying, and the first target price is 1.3748 If the price breaks through 1.3702, consider selling, and the first target price is 1.3687
Long
by NicolaZhu
Market Analysis: USD/CAD Consolidates GainsMarket Analysis: USD/CAD Consolidates Gains USD/CAD declined and now consolidates below the 1.3750 level. Important Takeaways for USD/CAD Analysis Today - USD/CAD started a fresh decline after it failed to clear the 1.3775 resistance. - There is a key bullish trend line forming with support at 1.3715 on the hourly chart at FXOpen. USD/CAD Technical Analysis On the hourly chart of USD/CAD at FXOpen, the pair climbed toward the 1.3775 resistance zone before the bears appeared. The US Dollar formed a swing high near 1.3774 and recently declined below the 1.3750 support against the Canadian Dollar. There was also a close below the 50-hour simple moving average and 1.3735. The pair is now consolidating losses below the 50% Fib retracement level of the downward move from the 1.3774 swing high to the 1.3695 low. But the bulls are active near the 1.3700 level. If there is a fresh increase, the pair could face resistance near the 1.3735 level. The next key resistance on the USD/CAD chart is near the 1.3755 level or the 61.8% Fib retracement level. If there is an upside break above 1.3755, the pair could rise toward 1.3775. The next major resistance is near the 1.3800 zone, above which it could rise steadily toward 1.3880. Immediate support is near the 1.3715 level and a key bullish trend line. The first major support is near 1.3675. A close below the 1.3675 level might trigger a strong decline. In the stated case, USD/CAD might test 1.3650. Any more losses may possibly open the doors for a drop toward the 1.3620 support. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
USD/CAD(20250718)Today's AnalysisMarket news: ① Kugler: It is appropriate to keep the interest rate policy stable for "a while". ② Daly: Whether to cut interest rates in July or September is not the most critical. ③ Bostic: It may be difficult to cut interest rates in the short term. Technical analysis: Today's buying and selling boundaries: 1.3735 Support and resistance levels: 1.3827 1.3792 1.3770 1.3700 1.3678 1.3644 Trading strategy: If it breaks through 1.3770, consider buying in, the first target price is 1.3792 If it breaks through 1.3735, consider selling in, the first target price is 1.3700
Short
by NicolaZhu
USD/CAD) strong bullish trend Read The captionSMC trading point update Technical analysis of USD/CAD (U.S. Dollar vs Canadian Dollar) on the daily timeframe. Here's a breakdown of the trade --- Technical Breakdown: 1. Breakout from Descending Channel: Price has broken out above a descending trend channel (marked with black lines). This breakout suggests a potential trend reversal or at least a bullish correction phase. 2. Key Support Zone (Yellow Box): The yellow zone marked as “support level” was a strong consolidation area. Price has bounced off this zone multiple times, forming a solid base for further upside. 3. Bullish Price Action: Price has closed above the previous resistance (now support), signaling bullish intent. Current candle structure confirms strength with bullish continuation patterns. 4. RSI Indicator: RSI is at 56.38, indicating bullish momentum without being overbought. Suggests there is room for further upside before exhaustion. --- Target Levels: Target Point 1: 1.37968 (near-term resistance) Target Point 2: 1.38615 (intermediate target) Target Point 3: 1.39064–1.39090 (longer-term resistance near the 200 EMA) Mr SMC Trading point --- Trade Idea Summary: Bias: Bullish Entry Zone: Break and retest of the yellow support area (~1.368–1.371) Target Zone: 1.379 – 1.390 Invalidation: Break below the yellow support zone Confluence: RSI strength + breakout of downtrend channel + structural support plesse support boost 🚀 this analysis)
Long
by SMC-Trading-Point
USD/CAD(20250716)Today's AnalysisMarket news: ① The annual rate of the overall CPI in the United States in June rose to 2.7%, the highest since February, in line with market expectations, and the monthly rate was 0.3%, the highest since January, in line with market expectations; the annual rate of the core CPI rose to 2.9%, the highest since February, lower than the expected 3%, but slightly higher than 2.8% last month, and the monthly rate was 0.2%, lower than the market expectation of 0.3%. ② Interest rate futures still show that the Fed is unlikely to cut interest rates this month, but there is a high possibility of a 25 basis point cut in September. ③ Fed mouthpiece: The CPI report will not change the Fed's policy direction. ④ Trump: Consumer prices are low and the federal funds rate should be lowered immediately. The Fed should cut interest rates by 3 percentage points. ⑤ Fed Collins: The core inflation rate is expected to remain at about 3% by the end of the year, and the Fed should maintain active patience. Technical analysis: Today's buying and selling boundaries: 1.3708 Support and resistance levels: 1.3766 1.3744 1.3730 1.3685 1.3671 1.3650 Trading strategy: If the price breaks through 1.3730, consider buying, the first target price is 1.3744 If the price breaks through 1.3708, consider selling, the first target price is 1.3685
Short
by NicolaZhu
US Dollar Strengthens Following Trump’s Tariff DecisionUS Dollar Strengthens Following Trump’s Tariff Decision US President Donald Trump has announced his decision to impose new tariffs: → For Canada, tariffs are set at 35%. They are scheduled to take effect on 1 August, although negotiations may take place before this date, potentially influencing Trump’s final stance. → For many other countries, tariffs may be set at 15% or 20%; → For the European Union, the exact tariff levels have not yet been disclosed. Overall, Trump’s latest comments have added to the uncertainty surrounding the specific tariffs to be applied to each country. The financial markets reacted as follows: → The US dollar strengthened against other currencies (including the Canadian dollar); → Equity markets saw a modest decline. Technical Analysis of the USD/CAD Chart As soon as the announcement of a 35% tariff on Canadian imports to the US was made public, the USD/CAD rate spiked sharply (as indicated by the arrow), reaching levels last seen at the end of June. In the hours that followed, the pair stabilised. Taking a broader view, the chart appears to show a triangular formation, which consists of: → A descending resistance line (R); → A key support level (S) around 1.3570. From this perspective, it is worth noting that the bulls’ attempt to break above the resistance line amid the 35% tariff news did not succeed, indicating strong selling pressure. At the same time, the price action of USD/CAD in early July allows us to identify a local support level (marked by the blue line). This suggests that, for now, the pair is consolidating within a formation bounded by the blue support line and resistance line R. However, how long this consolidation will last, and which direction the breakout will take, will most likely depend on the next round of news regarding US–Canada trade negotiations. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
USDCAD LONG DAILY FORECAST Q3 D10 W28 Y25USDCAD LONG DAILY FORECAST Q3 D10 W28 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 👀 💡Here are some trade confluences📝 ✅Daily Order block identified ✅4H Order Block identified ✅1H Order Block identified 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Long
by JCFRGNT