Lingrid | USDCAD Sideways Market Long Opportunity FX:USDCAD has been trading within a clear sideways channel after facing strong rejection from the resistance zone near 1.3925. Price has since formed a lower high and dipped into the 1.3764–1.3693 support region, where buyers are attempting to stabilize. A bounce from this demand area could fuel a
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: 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
USDCAD – Head & Shoulders Pattern with Trendline BreakOn the 4H chart of USDCAD, a potential Head & Shoulders formation is visible, with the left shoulder, head, and right shoulder already marked. Price has also broken below the rising trendline, suggesting a possible bearish structure shift.
Key points:
Head & Shoulders pattern completed.
Trendline
USDCAD Analysis: Bearish Reversal Signal ? 👋Hello everyone, it's great to see you again! Let’s take a look at OANDA:USDCAD !
Here’s my perspective:
USDCAD has formed a Head and Shoulders pattern, signaling a potential bearish reversal. The price recently tested the 1.386 level and is now heading lower. The next target is approaching an
USD/CAD 4H chart:USD/CAD 4H chart:
Current price: ~1.3753
Support zone: ~1.3720 – 1.3730 (where price has bounced)
First target (TP1): ~1.3835 – 1.3840 (next resistance zone)
Second target (TP2): ~1.3915 – 1.3920 (major resistance zone at the top)
So the trade plan shown in chart is:
✅ Entry from support ~1.37
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 1.3868–1.3924 re
USDCAD: Impulse Wave Points to Higher LevelsUSD/CAD Price is showing the early stages of a bullish (C) leg after a large corrective sequence. The chart labels show a completed corrective (B) low at the horizontal support and an impulsive 1–2 sequence unfolding for the new upward leg. Bias: bullish while price holds above the demand zone/wave-
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
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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.
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