USDCAD Bearish Reversal Trade Setup – 3H Chart Analysis (June 26 Entry Zone: 1.37279 – 1.37554
🔹 Stop Loss: 1.37934
🔹 Target: 1.35278
🔹 Risk-to-Reward (RR): ~1:2.5
🧠 Technical Breakdown
Trend Overview:
Overall trend shows a downtrend from earlier June, followed by a corrective bullish move.
Price failed to sustain above the 200 EMA (blue line), indicating cont
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.
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USDCAD: Oil Price Weakness Weighs on CAD – Can USD Capitalize?USDCAD: Oil Price Weakness Weighs on CAD – Can USD Capitalize?
Hello TradingView community!
Today, let's analyze the USDCAD pair, which is showing interesting dynamics as the CAD faces pressure from falling oil prices.
🌍 Macro Drivers: CAD Struggles Amidst Lower Oil, USD Upside Limited
The USDCAD
USDCAD I Weekly CLS I Model 1I Target 3M CLS LowHey, Market Warriors, here is another outlook on this instrument
If you’ve been following me, you already know every setup you see is built around a CLS Footprint, a Key Level, Liquidity and a specific execution model.
If you haven't followed me yet, start now.
My trading system is completely
USDCAD: Very Bearish PatternThe USDCAD has created a head and shoulders pattern at a significant intraday horizontal resistance.
A bearish breakout from this neckline indicates strong selling pressure, suggesting that the pair is likely to continue declining, potentially reaching at least the 1.3600 level.
USDCAD: Price Approaching Buying Zone, Will DXY Bounce Back? The USDCAD pair has dropped significantly in recent times, particularly as the DXY index has plummeted. The extremely bearish nature of the DXY suggests that the price of USDCAD is melting. Both fundamental and technical indicators indicate a potential bullish price reversal for this pair, which cou
USDCAD DETAILED ANALYSISUSDCAD has formed a classic falling wedge pattern on the daily timeframe, with price currently pressing against the upper trendline resistance near 1.37300. This is a high-probability bullish reversal setup, and the pair is showing early signs of a potential breakout. The recent bullish momentum fro
USDCAD is Nearing The Daily TrendHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.38500 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.38500 support and resistance area.
Trade safe, Joe.
Bearish momentum to meet support on USDCAD: Looking for a bounceEvening, just wanted to share what I’m seeing on the USDCAD chart
Price on USDCAD has been in clear bearish momentum, but we’re now approaching a strong support zone, that’s held firm multiple times before, as I marked it on my chart. Price is approaching the zone again and I am taking it into acco
The End of A Trend & The Start of A New OneA few weeks ago we made an amazing bearish call of the $USDCAD. Now that it's come to an end, the market is showing signs of a potential reversal.
In this video we're going to talk about how to identify a potential reversal in trend and of course show you how I'm looking to trade it.
Please leave
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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 CADUSD is 0.7300 USD — it has decreased by −0.28% 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 0.11%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The CADUSD showed a 0.16% rise over the past week, the month change is a 1.10% rise, and over the last year it has increased by 0.03%. 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 buy 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 buy signal, and 1 month rating is neutral. See more of CADUSD technicals for a more comprehensive analysis.