USDCAD 4H Bearish SetupThe USDCAD chart shows a clear bearish breakdown from the ascending channel. Price has broken below support near 1.3720, confirming a shift in structure.
Key Analysis:
Bearish Momentum: Break below the channel and current market structure signals downside pressure.
Immediate Resistance: 1.3725–1.
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.
Related currencies
USDCAD BUYUSD/CAD returns below 1.3600, with YTD lows, at 1.3540 coming into view
The US Dollar extends its decline for the fourth consecutive day, with the Canadian Dollar supported by a brighter market mood, as the trade deal between the US and Japan provided some certainty about the outlook of global trade
Price channel break. Will the downtrend take place?✏️USDCAD broke the price channel and started forming a bearish wave. The resistance zone of 1.370 played an important role in starting the bearish wave. 1.365 is the immediate support zone that the pair faces. If it wants to extend the decline, it needs to close the h1 candle below this price zone.
BUY USDCADUSDCAD is currently i a good and clearpoint of interest , i expect the market to push ever since it has already changed its bearish character to bullish , with a supporting trendline liquidity whivch has been swapped out with a bearish push
use proper risk management
and goodluck.. manage ur trade
Bearish Break of Trendline + Retest | Short SetupPrice has broken below the ascending trendline, indicating a potential shift in market structure. The recent bearish momentum suggests sellers are gaining control. After the breakout, price is now retesting the underside of the trendline, providing a potential short entry opportunity.
Entry: On ret
USDCAD Bearish continuation below 1.3670The USDCAD pair is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the falling resistance, suggesting a continuation breakdown within the downtrend.
Key resistance is located at 1.3670, a prior consolidation zone. This level will
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
USDCAD: Bearish Move From Resistance 🇺🇸🇨🇦
USDCAD is going to retrace from a key daily resistance.
A bearish imbalance candle that the price formed after its test
during the Asian session provides a strong intraday bearish confirmation.
Goal - 1.3707
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Market Analysis: USD/CAD Consolidates GainsMarket Analysis: USD/CAD Consolidates Gains
USD/CAD declined and now consolidates below the 1.3750 level.
Important Takeaways for USD/CAD Analysis Today
- USD/CAD started a fresh decline after it failed to clear the 1.3775 resistance.
- There is a key bullish trend line forming with support a
See all ideas
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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