USDCAD: Bullish Momentum in PlayUSDCAD: Bullish Momentum in Play
Price broke out above the descending trendline, showing bullish strength.
After the breakout, price may retest the broken resistance zone before moving higher.
After the better-than-expected data on Thursday and Friday from the U.S the odds are that USDCAD may r
About Canadian Dollar / U.S. Dollar
The Canadian dollar is the official currency of Canada. The Canadian dollar is symbolized by $, or C$, CA$ or CAD$. The Canadian dollar is the fifth most held currency in the world, at nearly US$119 billion.1) The currency code for the Canadian dollar is CAD, and the dollar itself is made up of 100 cents. The Canadian dollar is often considered a commodity currency due to the large deposits of natural resources, especially oil that is exported from Canada. The Canadian dollar is often nicknamed loonie, for the image of a loon on its one-dollar coins, and is controlled by the Central Bank of Canada.
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USDCAD: A Pullback ? 👋Hello everyone, what do you think about OANDA:USDCAD ?
Today, the pair is trading around 1.392 in the early hours of the new session, showing a slight decline. However, technical analysis still indicates that USDCAD is trading above the support zone. As long as the support holds, this decline ca
USDCAD Could continue higherBuyers managed to break price above the key resistance zone, showing strong conviction as they pushed through the area with strength.
If price pulls back into the broken level and buyers successfully defend it, holding above and rejecting downside attempts, that becomes our long confirmation. The
USDCAD Breakout and Potential RetraceHey Traders, in tomorrow's trading session we are monitoring USDCAD for a selling opportunity around 1.39700 zone, USDCAD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.39700 support and resistan
USD/CAD Bearish Channel Breakout – Short SetupThis chart is for USD/CAD (30-min timeframe) and shows a clear bearish setup.
Here’s the breakdown:
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1. Pattern
Price is moving inside a downward channel (highlighted in pink).
Currently near the midline of the channel with potential to retest the upper boundary.
The plan here seems to be a
USDCAD H4 | Bullish momentum to extendUSD/CAD is falling towards the buy entry which is a pullback support that is slightly above the 38.2% Fibonacci retracement and could bounce from this levle to the upside.
Buy entry is at 1.3876, which is a pullback support that is slightly above the 38.2% Fibonacci retracement.
Stop loss is at 1.
USD/CAD: Important Breakout📈USDCAD formed a high-momentum bullish candle yesterday, on a 4-hour time frame,
This candle closed above a significant horizontal resistance level.
The violated structure and a prominent ascending trend line now create a contracting demand zone, which is the area where the next bullish movement is
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of CADUSD is 0.7163 USD — it has increased by 0.11% in the past 24 hours. See more of CADUSD rate dynamics on the detailed chart.
The value of the CADUSD pair is quoted as 1 CAD per x USD. For example, if the pair is trading at 1.50, it means it takes 1.5 USD to buy 1 CAD.
The term volatility describes the risk related to the changes in an asset's value. CADUSD has the volatility rating of 0.07%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The CADUSD showed a −0.10% fall over the past week, the month change is a −1.12% fall, and over the last year it has decreased by −2.88%. Track live rate changes on the CADUSD chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
CADUSD 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 CADUSD 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.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with CADUSD technical analysis. The technical rating for the pair is sell today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the CADUSD shows the sell signal, and 1 month rating is sell. See more of CADUSD technicals for a more comprehensive analysis.