USDCAD remains bullish, showing signs of strengtheningUSDCAD remains bullish, showing signs of strengthening. After a successful breakout, the pair has completed a minor correction phase, and price accumulation in the current zone suggests potential for further upside movement.
Although the U.S. dollar remains relatively weak in the broader context, t
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.
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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
USDCAD – Testing a Major Resistance ZoneUSDCAD remains overall bullish, trading within a rising channel.
However, price is now approaching a key intersection between the upper trendline and a major resistance zone around 1.4000.
As price nears this confluence area, we’ll be looking for potential short opportunities, anticipating a poss
USDCAD: Bullish Momentum in Play-UpdateUSDCAD: Bullish Momentum in Play-Update
Price broke out above the descending trendline, showing bullish strength.
After the breakout, developed more and also completed a small bullish triangle pattern. USD is still weak but this price accumulation looks really good.
The only threat of the US dol
USD/CAD Bulls Eye Pivotal ResistanceUSD/CAD is trading at key resistance into the start of the week at 1.3977/85- a region defined by the 2022 high, the May high-close and the 200-day moving average. Risk for possible inflection exhaustion / inflection off this zone in the days ahead.
Monthly open support rests at 1.3920 and is back
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
USD/CAD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the USD/CAD with the target of 1.394 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF
USDCAD (2H timeframe).USDCAD (2H timeframe).
From the technical setup shown:
Current price: 1.3995 approx.
A trendline break is being anticipated.
Two downside targets are already marked in my chart.
Targets:
1. First Target Zone → 1.3940 – 1.3935
(This is the first support level after the breakdown)
2. Second Ta
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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 USDCAD is 1.40236 CAD — it has increased by 0.02% 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 0.65%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The USDCAD showed a 0.15% rise over the past week, the month change is a 1.11% rise, and over the last year it has increased by 2.83%. 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 — 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.
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 strong 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.