USD/CAD – 4H – BUY
BUY
100%
▲ Bullish 100% (6.88)
▼ Bearish 0% (0.00)
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Signal evolution
Events for USD/CAD
Full calendar- TodayUSDMBA 30-Year Mortgage Rate (Aug/07)●●○Previous 6.81in 5h
- TodayUSDCore Inflation Rate YoY (Jul)●●●Forecast 2.5%Previous 2.6%in 7h
- TodayUSDCPI s.a (Jul)●●○Forecast 332.6Previous 332.568in 7h
All times UTC.
Signals Fired
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▲ | TEMA Retreat Up | indicator | 1.44 |
| ▲ | Fibonacci Retreat UpTrend (100%) | fibonacci | 1.30 |
| ▲ | STOCHF KD Cross Up | indicator | 1.03 |
| ▲ | BOP Zero Cross Up | indicator | 1.02 |
| ▲ | Trendline Retreat Up | trendline | 1.00 |
| ▲ | Support Level Retreat Up | sr | 1.00 |
| ▲ | Inverted Hammer | candlestick | 0.97 |
| ▲ | Bullish Engulfing | candlestick | 0.75 |
Trend Context
15MUPChoppy / sideways
30MUPChoppy / sideways
1HUPChoppy / sideways
2HDOWNSolid trend
4HDOWNSolid trend
8HDOWNTrend forming
12HDOWNTrend forming
1DDOWNSolid trend
Analysis
🎯 Key Takeaways
- Strong bullish confluence at support: multiple signals align on the 4H chart.
- Support at 1.39253 is the key level to hold for the bounce to continue.
- Resistance at 1.40799 is the immediate upside target and invalidation zone for bears.
- Higher timeframes (2H-1D) remain bearish, so this is a counter-trend move.
The 4H USD/CAD signal has fired a dense cluster of bullish triggers — a Trendline Retreat Up, BOP Zero Cross Up, STOCHF KD Cross Up, TEMA Retreat Up, Fibonacci Retreat UpTrend (100%), Bullish Engulfing, Inverted Hammer, and Support Level Retreat Up. This confluence suggests strong buying pressure at a key support zone, with the price rebounding off the 1.39253 level. The Fibonacci Retracement at 100% further aligns with this support, indicating a potential reversal point.
However, the broader trend context is mixed. While the 15m to 1h timeframes are bullish (though choppy), the 2h, 4h, 8h, 12h, and 1d timeframes are all bearish, with solid trends on 2h, 4h, and 1d. This suggests the bullish signal is a counter-trend bounce within a larger downtrend. The nearest resistance at 1.40799 is a critical level to watch; a break above could signal a deeper correction, but failure to hold above it would reinforce the bearish bias. Traders should treat this as a tactical long opportunity with tight risk management, watching for a potential reversal near resistance.
However, the broader trend context is mixed. While the 15m to 1h timeframes are bullish (though choppy), the 2h, 4h, 8h, 12h, and 1d timeframes are all bearish, with solid trends on 2h, 4h, and 1d. This suggests the bullish signal is a counter-trend bounce within a larger downtrend. The nearest resistance at 1.40799 is a critical level to watch; a break above could signal a deeper correction, but failure to hold above it would reinforce the bearish bias. Traders should treat this as a tactical long opportunity with tight risk management, watching for a potential reversal near resistance.
Catalysts
- ▲ Multiple bullish signals fired simultaneously on the 4H timeframe, indicating strong buying momentum.
- ▲ Fibonacci Retracement at 100% aligns with the support level, reinforcing the reversal zone.
- ▲ Candlestick patterns (Bullish Engulfing, Inverted Hammer) suggest a potential bottoming formation.
- ▲ Support Level Retreat Up confirms price action bouncing off a key support area.
Risk Factors
- ▼ Higher timeframes (2H, 4H, 1D) are bearish with solid trends, which could overwhelm the counter-trend bounce.
- ▼ Resistance at 1.40799 may cap upside; a failure to break above it would likely resume the downtrend.
- ▼ The bullish signals on lower timeframes are choppy (low trend strength), indicating weak momentum.
- ▼ If price breaks below support at 1.39253, the bullish signal is invalidated and a continuation lower is likely.
Symbol
USD/CAD
Timeframe
4H
Direction
BUY
Probability
100%
Strength
VERY STRONG
Date
2026-08-11 08:00
cat_ Forex
Forex
Support & Resistance
| Level | Price | Formed |
|---|---|---|
| R1 | 1.40799 | 2026-08-04 |
| R2 | 1.41286 | 2026-07-28 |
| R3 | 1.42385 | 2026-07-06 |
| S1 | 1.39253 | 2026-08-07 |
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