FX.co ★ crystal66 | USD/CAD

USD/CAD ANALYSIS SUNDAY,18/10/2026 Hello fellow traders, I'm very pleased to be able to help you again in analyzing financial market movements. I hope your trading activities run smoothly and yield satisfying results. Below is the technical analysis and trading plan for the currency pair USDCAD on the daily timeframe (D1): Moving Average Indicator Analysis (MA 100 and MA 200) On the D1 chart, the 100 Moving Average line (blue line) and the 200 Moving Average line (red line) are below the current price action, around the levels 1.3976 and 1.3880 respectively. The price position remaining above both major MAs indicates that the overall long-term trend structure is still within a bullish corridor, although it is currently experiencing a corrective phase or healthy consolidation. RSI 12 Indicator Analysis The Relative Strength Index (RSI 12) shows a value around 48.62. The RSI being slightly below the midline 50 indicates that short-term momentum is dominated by light selling pressure, but it has not yet entered oversold territory. This gives the market room to move and find the next direction. Support and Resistance Analysis The nearest resistance level is around 1.4294, which was the upper bound of the previous price test. Meanwhile, an important support level is in the area of 1.4151, which the price is currently approaching or testing. If this support is broken, the next support level is around 1.3976. Candlestick Pattern Analysis The recent price movement shows several corrective candlesticks with a bearish tone after the price failed to break above the resistance area. This pattern confirms short-term profit taking by market participants before determining the next trend direction.

Trading Plan (Trading Plan) Buy Scenario (Buy) If the price can bounce above the support area of 1.4151 with confirmation of a reversal candlestick pattern such as a bullish pin bar or engulfing, you can open a buy position. The first profit target can be placed around resistance 1.4294. The risk boundary or stop loss should be placed below the level 1.4100. Sell Scenario (Sell) If selling pressure continues and the price successfully breaks down the 1.4151 support with strong volume, you can take a sell opportunity targeting a decline toward the MA 100 area at level 1.3976. Place a stop loss above the level 1.4200 to secure risk. That concludes the analysis and trading plan for USDCAD moving forward. Always implement disciplined risk management and adjust lot size according to your account's risk tolerance. I hope this analysis helps your trading go smoothly!