USDCADHello Traders!
What are your thoughts on USD/CAD?
After its recent decline, USD/CAD has reached the bottom of the descending channel and a key support zone.
This area may act as a strong support, and we expect a bullish reaction from here.
We anticipate a bounce from this support zone, with the p
About U.S. Dollar / Canadian Dollar
๏ปฟThe 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.
#USDCAD: We took the Swing Sell, Now let's focus on Swing Buy! The USD/CAD exchange rate experienced a significant decline, reaching its all-time high against the USD. This decline is primarily attributed to the ongoing trade dispute between China and the United States, which has led to a depreciation of the USD and resulted in a yearly low.
However, we antici
USDCAD โ Weak dollar provokes continuation of downtrendFX:USDCAD under the pressure of a weak dollar and downtrend may renew its lows. The fundamental background for the dollar is weak, the market reacts accordingly.
The dollar continues to fall - a reaction to the tariff war. Besides, additional pressure is created by the issue of interest rates
USD/CAD Breakout Pattern (15.04.2025)The USD/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long
#USDCAD: Two Big Target Accumulating of 800+ Pips! **USDCAD **
Following the US Presidentโs decision to impose a 25% tariff rate on Canada, the USD/CAD exchange rate experienced a significant surge, reaching approximately 1.49. However, as the market has stabilised, we anticipate a gradual decline in the exchange rate, which may help bridge the liq
USDCAD: Bulls Will Push Higher
Looking at the chart of USDCAD right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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USDCAD - Long-Term Long!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
๐USDCAD has been overall bullish from a macro perspective trading within the rising blue channel.
This week, USDCAD has been in a correction phase trading within the falling red channel.
Moreover, the green
USDCAD DUE FOR RELIEF THIS WEEKUSDCAD is approaching major weekly support after the multiple weeks of a sell of off; in line with a .618 fibronacci retracement. Although as price rest on this level of demand, it will need a few days to mature.
-On the daily time frame we see an overextension to the downside as the RSI nears 30 w
USDCAD Trendline Breakout Ready for a Long SellHello Traders
In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET
today EURUSD analysis ๐
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Displays a symbol's price movements over previous years to identify recurring trends.
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๏ปฟFrequently Asked Questions
๏ปฟThe 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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