USD/CAD) Down Trand Read The captionSMC trading point update
Technical analysis of USD/CAD (U.S. Dollar / Canadian Dollar) on the 1-hour timeframe, with a focus on a potential double-top formation at strong resistance, followed by a drop toward support:
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Analysis Overview
Trend Structure: Downward-sloping channel with low
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
USD /CAD) bearish reversal analysis Read The captionSMC trading point update
Technical analysis of USD/CAD pair on the 2-hour timeframe, suggesting that the price is likely to drop toward the support zone. Here's the detailed idea behind the analysis:
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Chart Breakdown (2H – USD/CAD)
1. Resistance Zone (Yellow Box - Top):
Marked as a st
USDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.36900 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.36900 support and resistance area.
Trade safe, Joe.
The importance of trendlines in FOREXIn the world of currencies or FOREX, there are certain entry points that only happen a few times a year , but they’re incredibly powerful . These opportunities come after a trend breaks, a trend that has been touched and confirmed as a support or resistance zone over several years.
Right now, wit
USD_CAD POTENTIAL LONG|
✅USD_CAD went down to retest
A horizontal support of 1.3560
Which makes me locally bullish biased
And I think that a move up
From the level is to be expected
Towards the target above at 1.3652
LONG🚀
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USDCAD I Weekly CLS I Model 1 I Targe 50% CLSYo Market Warriors ⚔️
Fresh outlook drop — if you’ve been riding with me, you already know:
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USDCAD Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring USDCAD for a buying opportunity around 1.35750 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.35750 support and resistance area.
Trade safe, Joe.
Why I’m Bullish on USD/CAD This Week | Forex Market OutlookIn this video, I break down a potential bullish setup on USD/CAD based purely on technical analysis using support and resistance zones on the 4H and Daily timeframes.
Key Highlights:
Strong price bounce off major support zone
Former resistance flipping into support
Bullish market structure with hi
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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 0.73098 USD — it has increased by 0.08% 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 0.12%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The CADUSD showed a −0.60% fall over the past week, the month change is a 0.17% rise, and over the last year it has decreased by −0.33%. 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 buy signal, and 1 month rating is neutral. See more of CADUSD technicals for a more comprehensive analysis.