USD/CAD - Bullish Pennant (04.09.2025)The USD/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Bullish Pennant Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Conside
About U.S. Dollar / Canadian Dollar
The US Dollar vs. the Canadian Dollar is a very popular currency pair due to the extremely large amount of cross border trading that occurs between the U.S. and Canada. The CAD is considered to be a commodity currency because of the large amount of natural resources, especially oil, that are mined and exported to southern neighbors. The USDCAD is one of the most traded currency pairs in the world.
Related currencies
USDCAD Long Setup: From PRZ to Resistance LinesToday, I want to review the USDCAD ( OANDA:USDCAD ) long position with you.
USDCAD has reacted well to Support lines and the Potential Reversal Zone(PRZ)(1.373 CAD-1.370 CAD) .
From the perspective of Elliott wave theory , it seems that USDCAD has completed the microwave 5 of the main
USD/CAD – Bulls Eyeing a Bounce from Key Demand ZoneAfter an aggressive correction from the 1.3920 highs, USD/CAD has now landed on a heavy demand zone near 1.3720 – 1.3740. This area has proven to be a launchpad for rallies in recent weeks, and price is once again testing buyers’ conviction. With both technical structure and macro fundamentals in pl
USDCAD: Short Trading Opportunity
USDCAD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell USDCAD
Entry Level - 1.3845
Sl - 1.3857
Tp - 1.3822
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a month
USDCAD Pullback Toward 1.37900 as Dollar Weakness PersistsHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around the 1.37900 zone. USDCAD is trading in a downtrend, with price currently correcting toward this key support/resistance level.
Structure: The broader bias remains bearish, but price is retracing upward
War Room Note – Heads UpRight now, I’ve been sharing both pre-setups and after-action reports here.
In the near future, once some projects are complete, I’ll still share the after-action reports (wins, losses, lessons) publicly — but the pre-setups and trade preparation will be moving to my private notes.
Just giving a h
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The value of the USDCAD pair is quoted as 1 USD per x CAD. For example, if the pair is trading at 1.50, it means it takes 1.5 CAD to buy 1 USD.
USDCAD is a major currency pair, i.e. a popular currency paired with USD.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade USDCAD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.









