USD/CAD – 8H – SELL

2026-08-10 08:00 UTC · 13 hours ago

SELL

98%

▼ SELL

VERY STRONG

Swing

Prognose: 69% historisch

⚡ Confluence +60%

▲ Bullish 2% (1.33) ▼ Bearish 98% (63.23)

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Signal evolution

Events for USD/CAD

Full calendar

12:15TodayUSDADP Employment Change Weekly●●○Previous 15Kin 6h
14:00TodayUSDExisting Home Sales (Jul)●●○Forecast 4.07MPrevious 4.09Min 8h
14:00TodayUSDExisting Home Sales MoM (Jul)●●○Forecast -0.7%Previous -2.4%in 8h

All times UTC.

Signals Fired

	Signals Fired	Category	Weight
▼	Descending Triangle	chart_pattern	3.69
▼	Triple Top	chart_pattern	3.21
▼	Double Top	chart_pattern	3.11
▼	Trendline Break Down	trendline	2.39
▼	Fibonacci Retreat DownTrend (0%)	fibonacci	2.27
▼	DEMA Retreat Down	indicator	2.12
▼	MAMA PRICE Retreat Down	indicator	1.93
▼	MIDPRICE Retreat Down	indicator	1.91
▼	STOCHF KD Cross Down	indicator	1.86
▼	BOP Zero Cross Down	indicator	1.85
▲	WILLR OS Entry	indicator	1.63
▲	STOCH KD Cross Up	indicator	1.46
▲	BBANDS LOWER Retreat Up	indicator	1.13

Trend Context

15M

DOWNChoppy / sideways

30M

DOWNTrend forming

DOWNSolid trend

DOWNTrend forming

12H

DOWNTrend forming

Analysis

🎯 Key Takeaways

Strong bearish confluence: multiple top patterns and a descending triangle signal sustained selling pressure.
Trend is bearish across all timeframes, with solid trends on 1H and 2H.
Watch the 1.40799 resistance; a break above would invalidate the bearish setup.
Short-term oversold conditions (STOCH cross up) may cause a temporary bounce.

The USD/CAD 8H chart has triggered a dense cluster of bearish signals, including a Trendline Break Down, Double Top, Triple Top, Descending Triangle, and BOP Zero Cross Down. This confluence of chart patterns and momentum indicators points to sustained selling pressure. The trend is bearish across all timeframes, with the 1H and 2H showing solid trends (3/5) and other timeframes in the forming stage (2/5). This alignment supports the continuation of the downtrend.

Key resistance is at 1.40799, which now acts as a critical level to watch. A break above this level would invalidate the bearish setup. The presence of multiple top patterns and a descending triangle suggests that the market has been building a base for a downside move. However, the Stochastic (STOCH) shows a cross up, which could indicate short-term oversold conditions and a possible bounce. Traders should monitor price action near support levels and watch for any reversal signals.

Catalysts

▼ Multiple bearish chart patterns (Double Top, Triple Top, Descending Triangle) align on the 8H timeframe.
▼ Trendline Break Down confirms a break of a key support line.
▼ BOP Zero Cross Down indicates increasing selling pressure.
▼ Bearish trend alignment across all timeframes supports the continuation.

Risk Factors

▲ STOCH KD Cross Up suggests short-term oversold conditions, which could lead to a corrective bounce.
▲ The nearest support is not defined, making it unclear where the next support level lies.
▲ A break above the 1.40799 resistance would invalidate the bearish signals.
▲ The higher timeframe (1D) shows only a forming trend (2/5), so the bearish momentum may not be fully established.