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
About U.S. Dollar / Canadian Dollar
๏ปฟThe 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
๏ปฟUSDCAD: Bulls Targeting Higher ResistanceUSDCAD: Bulls Targeting Higher Resistance
USDCAD is showing bullish momentum after bouncing from recent lows.
The price is now heading upward, aiming first for the resistance area around 1.3882.
If this level breaks and holds, the next target lies near 1.3920, which is a stronger resistance zo
USD/CAD on the 4H timeframe.USD/CAD on the 4H timeframe.
From the analysis shown:
Price has broken structure (BOS) and is holding above the resistance zone (around 1.3900 โ 1.3920).
The chart marks a projected Target Point around 1.4100 โ 1.4110.
This means the next upside move (if the breakout holds) could push toward tha
USDCAD Bounce back showing bullish consolidation momentumUSDCAD is currently showing bullish consolidation momentum after bouncing from recent lows. The pair is trending upward with an initial If the price holds above recent support and continues to maintain upward structure, buyers are likely to stay in control, favouring further upside toward the 1.3880
Lingrid | USDCAD Short at Resistance Following Rejection SignalThe price perfectly fulfilled my previous idea . FX:USDCAD rebounded strongly from the double bottom around 1.3700 and is now climbing within an upward channel. The structure shows lower highs capped by the red resistance trendline, while buyers attempt to sustain momentum toward 1.3868โ1.3924 re
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
USDCAD Bearish Reversal Setup โ Supply Zone + Rising Wedge Break1. Chart Pattern
A rising wedge/channel (highlighted in red) is clearly forming, which is typically a bearish reversal pattern.
The pair has reached the upper boundary of the wedge โ a strong resistance area.
2. Supply Zone
Marked around the 1.3945 โ 1.3981 area.
This is a potential reversal zo
Monday 22 Sep Mapping for USDCAD : positioning for bearish moveWe observed strong bearish candle on Friday (bearish engulfing candle).
Today during Asian session we observed the price doing a healthy retracement.
I'm expecting the price to touch H1 Fair Value Gap area before dive for another bearish movement.
This is my mapping for USDCAD today for my future r
Bullish bounce off major support?The Loonie (USD/CAD) is reacting off the pivot, which acts as an overlap support and could bounce to the 1st resistance, which is an overlap resistance that is slightly below the 50% Fibonacci retracement.
Pivot: 1.3755
1st Support: 1.3568
1st Resistance: 1.4015
Disclaimer:
The above opinions gi
See all ideasย
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
๏ปฟThe current rate of USDCAD is 1.39234ย CAD โ it has increased by 0.04% in the past 24 hours. See more of USDCAD rate dynamics on the detailed chart.
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.
The term volatility describes the risk related to the changes in an asset's value. USDCAD has the volatility rating of 0.17%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The USDCAD showed a 1.22% rise over the past week, the month change is a 1.46% rise, and over the last year it has increased by 3.44%. Track live rate changes on the USDCAD 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.
USDCAD is a major currency pair, i.e. a popular currency paired with USD.
Currencies are usually traded through forex brokers โ choose the one that suits your needs and go ahead. You can trade USDCAD right from TradingView charts โ 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 USDCAD technical analysis. The technical rating for the pair is buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the USDCAD shows the buy signal, and 1 month rating is buy. See more of USDCAD technicals for a more comprehensive analysis.