#USDCAD: 1000+ Pips Big Bullish Move With Three TargetsThe USDCAD is currently in a bearish trend since the day has dropped significantly and is still falling. We anticipate the price to drop slightly more before it reaches our entry zone. There are two entry points, and you can choose either one that aligns with your views. There are three targets, and
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.
USDCAD Buy IdeaUSDCAD is bouncing off a major daily support level around 1.38100 after a strong bearish move. Price action shows early signs of bullish interest, with the potential for a correction toward the 50-day Simple Moving Average. My target is set slightly lower at 1.4142 to ensure profits are secured befo
USD/CAD - Channel Pattern (22.04.2025)The USD/CAD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Patt
USDCAD I Weekly CLS I KL - Monthly OB I Model 1Hey, Market Warriors, here is another outlook on this instrument
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USDCAD focuses on short selling near 1.3954On the 4-hour chart, USDCAD stabilized and rebounded, and the short-term market is expected to continue to rise. At present, the upper side can focus on 1.3954, which is a potential short-selling point of the bearish bat pattern, and this position is in the previous supply area.
USDCAD: Breakout & Bearish Continuation 🇺🇸🇨🇦
USDCAD broke and closed below a key intraday/daily horizontal support cluster.
I expect a bearish trend continuation after its retest.
Next goal - 1.376
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USD/CAD ConsolidatesUSD/CAD Consolidates
In the second half of April, the USD/CAD chart has shown a decline in volatility following significant spikes observed since February.
The Canadian dollar has stabilised against the US dollar within the 1.390–1.380 range over the past week, as market participants assess what
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Displays a symbol's price movements over previous years to identify recurring trends.
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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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