USD/CAD Trap in Progress? Smart Money Flips BearishUSD/CAD is currently in a rebalancing phase after the strong downside correction seen over recent weeks. Following a rejection in the 1.3900–1.4000 supply zone, price retraced down to a major demand area between 1.3500 and 1.3650, where it has shown a notable bullish reaction. The pair is now tradin
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: Oil Price Weakness Weighs on CAD – Can USD Capitalize?USDCAD: Oil Price Weakness Weighs on CAD – Can USD Capitalize?
Hello TradingView community!
Today, let's analyze the USDCAD pair, which is showing interesting dynamics as the CAD faces pressure from falling oil prices.
🌍 Macro Drivers: CAD Struggles Amidst Lower Oil, USD Upside Limited
The USDCAD
Israel-Iran Confrontation. (I expect upward movement in USD/CADIsrael and Iran are exchanging missile strikes, but it seems markets are trying to play their own game, assuming that this conflict will not cross the nuclear threshold. in the meantime, investors are shifting their focus to key events this week.
The main highlights will be the consumer inflation r
USDCAD Bearish Reversal Trade Setup – 3H Chart Analysis (June 26 Entry Zone: 1.37279 – 1.37554
🔹 Stop Loss: 1.37934
🔹 Target: 1.35278
🔹 Risk-to-Reward (RR): ~1:2.5
🧠 Technical Breakdown
Trend Overview:
Overall trend shows a downtrend from earlier June, followed by a corrective bullish move.
Price failed to sustain above the 200 EMA (blue line), indicating cont
USDCAD DETAILED ANALYSISUSDCAD has formed a classic falling wedge pattern on the daily timeframe, with price currently pressing against the upper trendline resistance near 1.37300. This is a high-probability bullish reversal setup, and the pair is showing early signs of a potential breakout. The recent bullish momentum fro
USDCAD Analysis – Breaking the Chains, Eyeing 1.38+USDCAD Price broke out from a long descending channel, followed by two bullish continuation flags – classic breakout-retest pattern.
Price is now pushing above 1.3720, aligning with the 38.2% Fib level of the prior drop.
Next upside targets:
🔹 1.3833 (Fib 61.8%)
🔹 1.3913 (Fib 78.6%)
Clear stop le
USDCAD is Nearing The Daily TrendHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.38500 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.38500 support and resistance area.
Trade safe, Joe.
USDCAD COT and Liquidity AnalysisHey what up traders welcome to the COT data and Liquidity report. It's always good to go with those who move the market here is what I see in their cards. I share my COT - order flow views every weekend.
🎯 Non Commercials added significant longs and closed shorts at the same time. So for that reas
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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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