2026-09-03 · FOREX
US Dollar / CAD (USD/CAD) Daily Analysis
SELL
45% confidence · 1.3837 CAD
TREND
The RSI(14) at 41.29 and bearish MACD indicate downward momentum, with price trading below the EMA9 (1.39), EMA21 (1.39), and EMA50 (1.39).
SUMMARY
Today's analysis for USD/CAD indicates a SELL signal at 1.3837 CAD, a flip from yesterday's BUY signal at 1.3897 CAD. The price has moved down by 0.0060 CAD since then, and our confidence has weakened from 50% to 45%. Bearish momentum is evident with RSI at 41.29 and a bearish MACD reading. The price remains below the EMA9, EMA21, and EMA50, reinforcing the downtrend.
SUPPORT
1.37
RESISTANCE
1.4
TIMEFRAME BIAS
Both short-term and long-term biases remain bearish, as the price trades below key moving averages and momentum indicators point downwards.
PATTERNS
Spinning Top: This candlestick pattern suggests indecision between buyers and sellers, often appearing at market turning points or during consolidation.