USDCAD I Daily CLS nested in W/M CLS Hey, Market Warriors, here is another outlook on this instrument
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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.
USD/CAD - Triangle Breakout (23.05.2025)The USD/CAD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Breakout 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 O
USDCAD: Price Approaching Buying Zone, Will DXY Bounce Back? The USDCAD pair has dropped significantly in recent times, particularly as the DXY index has plummeted. The extremely bearish nature of the DXY suggests that the price of USDCAD is melting. Both fundamental and technical indicators indicate a potential bullish price reversal for this pair, which cou
USDCAD Price Rebounding from Key Support as CAD WeakensUSDCAD is showing signs of a potential reversal from key support around the 1.3700–1.3685 zone. The pair had been declining steadily but recent weakness in the Canadian Dollar — driven by soft economic data and oil market uncertainty — is starting to shift momentum back in favor of the U.S. Dollar.
USDCAD RETEST OR FRESH DOWNTREND? PRICE AT A CRUCIAL CROSSROAD!USDCAD 22/05 – KEY RETEST OR FRESH DOWNTREND? PRICE AT A CRUCIAL CROSSROAD!
🌐 MACRO BACKDROP:
Canada’s CPI and Retail Sales have come in weaker than expected, signaling sluggish consumer demand and reducing the probability of near-term rate hikes by the Bank of Canada.
Meanwhile, the USD is stabili
USDCAD: Bearish Continuation Ahead 🇺🇸🇨🇦
USDCAD completed a consolidation within a horizontal range.
A violation of its support and a daily candle close below that
is a strong bearish signal.
I believe that the price may drop lower next week
and reach at least 1.3655 level.
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I am par
USDCAD: Strong Bearish Confirmation ?! 🇺🇸🇨🇦
I see an important sign of strength of the sellers on USDCAD
on an hourly time frame after a release of the today's US fundamentals.
The price violated a support line of a horizontal range and is retesting
that at the moment.
I believe that the price may drop at least to1.374 level soon.
❤️P
Bearish reversal?The Loonie (USD/CAD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 1.3895
1st Support: 1.3792
1st Resistance: 1.3943
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading F
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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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