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: +400 Pips Selling Opportunity!Overview🧠
The USDCAD currency pair has reversed and a potential change in trend is occurring. Confirmation is required before a sell entry can be made. The only take profit is a swing move with a potential gain of approximately 400 pips. The stop loss can be placed above the higher high. Please lik
“USDCAD Bearish Structure After Double Top Pattern”USDCAD has completed a Double Top Pattern after failing to break above the 1.4100 region twice. Price has now broken below the neckline, indicating a potential shift toward a bearish continuation.
Flag Pattern Breakout – Earlier bullish momentum ended after the flag breakout, but the structure lat
Trendline Breakdown Signals Potential Bearish ReversalUSDCAD Technical Analysis
Price action has broken below the established upward trendline, indicating a potential shift in market structure. At this stage, a corrective pullback toward the broken trendline is anticipated. A confirmed retest of this level will provide a higher-probability entry oppo
will USDCAD play out like this?expecting LONGS on USDCAD from the order block, targeting the buyside liquidity as full take profit
USDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.30600 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.30600 support and resistance area.
Trade safe, Joe.
Possibility of downtrend A trend change is expected to form at the current resistance level and we will see the start of a correction. As long as the price does not consolidate above the previous ceiling level, a correction is likely.
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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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