2026-09-01 · FOREX
US Dollar / CAD (USD/CAD) Daily Analysis
SELL
70% confidence · 1.3848 CAD
TREND
The USD/CAD is showing a strong bearish trend, with RSI at 40.97, MACD at 0 indicating a bearish crossover, and price trading below both the EMA9 at 1.39 and EMA50 at 1.4.
SUMMARY
The USD/CAD daily chart indicates a strong SELL signal with 70% confidence. The MACD is firmly bearish at 0, reinforcing the downward momentum. Price is trading below the EMA9 at 1.39 and EMA50 at 1.4, confirming a bearish short-to-medium term trend. Furthermore, the appearance of an Evening Star pattern suggests a bearish reversal, while RSI at 40.97 supports the negative sentiment, and the price is hugging the lower Bollinger Band at 1.38.
SUPPORT
1.37
RESISTANCE
1.41
TIMEFRAME BIAS
Both short-term and long-term biases for USD/CAD are bearish, driven by key momentum and trend indicators.
PATTERNS
Evening Star: 3-candle bearish reversal pattern, indicating a shift from bullish to bearish momentum.