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
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.
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USDCAD I Weekly CLS I Model 1I Target 3M CLS LowHey, Market Warriors, here is another outlook on this instrument
If you’ve been following me, you already know every setup you see is built around a CLS Footprint, a Key Level, Liquidity and a specific execution model.
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My trading system is completely
Weekly Forecast Based on Simplified Wave Analysis for USD/CADThe downward wave that formed on the USD/CAD chart tis year has been followed by a corrective move since late May. The pair is largely confined to a sideways price channel. The current wave structure remains incomplete, lacking final segment.
Forecast:
The pair may decline further in the coming da
USDCAD: Very Bearish PatternThe USDCAD has created a head and shoulders pattern at a significant intraday horizontal resistance.
A bearish breakout from this neckline indicates strong selling pressure, suggesting that the pair is likely to continue declining, potentially reaching at least the 1.3600 level.
USDCAD long trade setup for this week📈 USDCAD Long Setup Idea – Weekly Play 💯
Here’s a clean bullish setup on USDCAD (2H timeframe) I’m eyeing for this week:
🔹 Key Zones:
- Demand Zone: Strong reaction from the 1.35500–1.36000 area, with price respecting this grey support block multiple times.
- Supply Flip: Previous structure zone
USDCAD 4-hour chart
USDCAD is consistently trading within a clearly defined descending price channel, indicating a prevailing downtrend.
Price action is characterized by a series of lower highs and lower lows, respecting both the upper and lower boundaries of this channel.
The pair has recently encountered resist
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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 0.7348 USD — it has decreased by −0.10% 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 0.34%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The CADUSD showed a 0.31% rise over the past week, the month change is a 0.53% rise, and over the last year it has increased by 0.05%. 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 buy 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.