2026-08-28 · FOREX
US Dollar / CAD (USD/CAD) Daily Analysis
SELL
75% confidence · 1.3851 CAD
TREND
The USD/CAD is in a clear downtrend, with the price at 1.3851 CAD trading below EMA9 (1.39), EMA21 (1.39), and EMA50 (1.4), while the MACD is at 0 indicating bearish momentum.
SUMMARY
Today's analysis for USD/CAD indicates a strong SELL signal, a significant shift from yesterday's HOLD at 1.3874 CAD with 30% confidence. The price has moved lower to 1.3851 CAD, reinforcing the bearish sentiment. The MACD is firmly bearish at 0, and the RSI is at 39.44, suggesting continued downward pressure. Price remains below the EMA9 (1.39), EMA21 (1.39), and EMA50 (1.4), confirming the established downtrend, despite neutral Doji and Spinning Top patterns hinting at some indecision.
SUPPORT
1.37
RESISTANCE
1.41
TIMEFRAME BIAS
The short-term bias is strongly bearish due to price action below key EMAs, while the long-term outlook also remains bearish as the price is well below the EMA50.
PATTERNS
Doji: Indecision — market at crossroads | Spinning Top: Indecision between buyers and sellers