USDCAD bounced from Support and can continue higherLooking at the chart and the overall structure, I think we can favor the continuation setup with a emphasis on price action at key zones, particularly when price breaks out then can revisit this structure for a retest.
This bounce off support has been accomplished in my previous analysis:
Here, i
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.
Related currencies
USDCAD: a long positionHello guys.
Divergence:
A bullish RSI divergence is noted, price made lower lows while RSI formed higher lows, signaling a potential bullish reversal.
Price Action:
Price has bounced strongly from around the 1.3570–1.3580 zone and is now approaching a descending trendline resistance.
Trade Setup
USD/CAD Breaks Triangle: Bullish Target in SightHello guys!
USD/CAD has broken out of a clear triangle formation, signaling strong bullish momentum. The breakout above the top line of the triangle, supported by earlier bullish divergence, confirms that buyers are now in control.
Triangle breakout confirmed
Strong bullish impulse post-brea
A New Day, A New Opportunity: USDCAD Buy StrategyGood morning Traders,
USDCAD has reached a key support zone between 1.37531 and 1.37592.
I'm opening a buy position from this level, aiming for the 1.37887 target.
Feel free to adjust your stop-loss based on your own margin and risk tolerance.
Your likes are my biggest source of motivation when
USD/CAD Rises to 2-Month HighUSD/CAD Rises to 2-Month High
Today, the USD/CAD exchange rate briefly exceeded the 1.3870 mark – the highest level seen this summer. In less than ten days, the US dollar has strengthened by over 2% against the Canadian dollar.
Why Is USD/CAD Rising?
Given that both the Federal Reserve and the
Will the Canada-US Trade Tension Continue to Impair CAD?Fundamental approach:
- USDCAD advanced this week, supported by broad US dollar strength and renewed trade tensions as the US announced higher tariffs on Canadian imports.
- The pair was further buoyed after the BoC left rates unchanged and signaled caution amid persistent core inflation and ongoin
Uptrend is coming. Opportunity for buyers✏️ OANDA:USDCAD is trading close to the upper boundary of the triangle pattern. There is a high possibility that the current bullish momentum will break the upper boundary and form an uptrend for the USDCAD pair. The important price zone for the sellers at the moment is 1.075. If the buyers are s
USDCAD Buyers In Panic! SELL!
My dear subscribers,
This is my opinion on the USDCAD next move:
The instrument tests an important psychological level 1.3704
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Tar
USD/CAD Unless oil rockets, then the pair has room to rise.From June till now, we’ve been in a range-bound market, with multiple failed attempts to break lower.
But now we’re seeing higher lows forming, and price is bouncing off my fvp zone @ 1.36600 . So if the Fed stays patient and oil stays weak or sideways, USD/CAD bulls have the upper hand. I am expect
See all ideas
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 0.7248 USD — it has increased by 0.35% 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 0.81%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The CADUSD showed a −1.11% fall over the past week, the month change is a −1.13% fall, and over the last year it has increased by 0.60%. 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 neutral 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 neutral signal, and 1 month rating is sell. See more of CADUSD technicals for a more comprehensive analysis.