USDCAD – Bullish Harmonic Completion at Key SupportUSDCAD – Bullish Harmonic Completion at Key Support
USDCAD has completed a clear bullish harmonic pattern, with price reacting precisely from the D completion zone.
This pattern is increasing the probability of a technical rebound from this area.
After the strong bearish leg into point D, price
U.S. Dollar / Canadian Dollar
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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.
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USDCAD bullish consolidation structure insideUSDCAD consolidation in a strong bearish trend for a long period, with price consistently making lower highs and lower lows. This selling pressure pushed the market down toward a major demand/support zone around 1.3750–1.3780, where price finally started to slow down.
After reaching this support ar
USDCAD – LOSS ACCEPTED | PART OF THE PROCESSYesterday, USDCAD showed signs that it could recover and move higher. Price was at a known level and conditions looked favorable at the time. However, the market did not follow through.
Price turned back down and the position was stopped out.
This is an important reminder of a core truth in tradin
USDCAD - Price breakdown from consolidation. Distribution...FX:USDCAD breaks through consolidation support amid a global downtrend and weak DXY
The dollar index breaks through the local support area and enters a short zone, which may intensify the sell-off. The currency pair is consolidating below the previously broken level of 1.3737...
Technically a
USD/CAD at a Turning Point: Smart Money vs Retail CrowdTechnical Context (Macro View)
USD/CAD has completed a distribution phase following the rally of recent months and is now rotating decisively back into a broad daily demand area between 1.3650 and 1.3550, a zone that has historically generated strong directional reactions. Short-term structure rema
USDCAD – Volume Update After Entry | VMS in ProgressOn Tuesday, USDCAD was posted as a watch as price moved into a strong support zone after a prolonged downtrend. We were waiting to see if VMS would align and if price would show rejection from that area.
On Wednesday, a limit order was placed based on:
Defined stop-loss placement
Logical profit t
USDCAD – CONTEXT UPDATE | POSSIBLE REVERSAL IN PROGRESSWe first flagged USDCAD on Tuesday the 16th as a potential reversal area, then followed up with an update on Friday the 19th as price continued lower.
Price is now back at the original support level we identified earlier in the week, and we are starting to see early signs of buyers stepping back in
USDCAD: Bullish Outlook Explained 🇺🇸🇨🇦
USDCAD broke and closed above a resistance line
of a falling parallel channel on a daily.
It suggests a strong buying pressure and an oversold
state of the market.
I will expect a rise next week at least to 1.385 level.
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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 USDCAD is 1.36738 CAD — it has decreased by −0.03% in the past 24 hours. See more of USDCAD rate dynamics on the detailed chart.
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.
The term volatility describes the risk related to the changes in an asset's value. USDCAD has the volatility rating of 0.31%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The USDCAD showed a −0.73% fall over the past week, the month change is a −3.00% fall, and over the last year it has decreased by −4.78%. Track live rate changes on the USDCAD 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.
USDCAD 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 USDCAD 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 USDCAD technical analysis. The technical rating for the pair is sell today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the USDCAD shows the sell signal, and 1 month rating is sell. See more of USDCAD technicals for a more comprehensive analysis.









