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 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: 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
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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