USDCAD

August 15, 2022 21:48 GMT

USDCAD Hourly View

Over the past 91 days, the trend for USDCAD’s price has been choppy and unclear. It has oscillated between $1.2535 and $1.3117.

Over the past 133 days, USDCAD’s price has been in a clear uptrend, growing by about $0.00 per day.

USDCAD’s price has moved up $0.08 over the prior 16 months.

USDCAD has a price of $1.29, up 0.84% from its value 17 days prior.

+ 500 – Internal server error
+ 500 – Internal server error

Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down.

This move is a reversal from the hour prior, which saw price move up.

Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.

It’s been a feast for bears operating on an hourly timeframe, as usdcad has now gone down 8 of the past 10 hours.

The closest is the 20 day average, which is 32.8 pips away.

Relative to other instruments in the forex asset class, usdcad ranked 16th the previous day in terms of percentage price change.

It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 day timeframe.

Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.

And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.