USD/CAD – 2H – BUY
BUY
94%
▲ Bullish 94% (22.75)
▼ Bearish 6% (1.49)
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Signal evolution
Events for USD/CAD
Full calendar- TodayUSDRetail Sales Ex Gas/Autos MoM (Jul)●●○Forecast 0.5%Previous 0.4%in 7h
- TodayUSDRetail Sales YoY (Jul)●●●Forecast 6%Previous 6.7%in 7h
- TodayUSDRetail Sales Control Group MoM (Jul)●●●Forecast 0.6%Previous 0.5%in 7h
All times UTC.
Signals Fired
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▲ | Trendline Break Up | trendline | 3.09 |
| ▲ | STOCHF KD Cross Up | indicator | 1.70 |
| ▲ | BOP Zero Cross Up | indicator | 1.59 |
| ▼ | SAR Flip Bearish | indicator | 1.59 |
| ▲ | Trendline Retreat Up | trendline | 1.58 |
| ▲ | HT PHASOR Inphase Cross Up | indicator | 1.55 |
| ▼ | HT SINE Zero Cross Down | indicator | 1.50 |
| ▲ | BBANDS MIDDLE Cross Up | indicator | 1.47 |
| ▲ | Support Level Retreat Up | sr | 1.40 |
| ▲ | Fibonacci Retreat UpTrend (79%) | fibonacci | 1.37 |
| ▲ | CMO Zero Cross Up | indicator | 1.26 |
| ▲ | RSI Midline Cross Up | indicator | 1.26 |
| ▲ | HT TRENDMODE Mode to Trend | indicator | 1.24 |
| ▲ | CCI Zero Cross Up | indicator | 1.22 |
| ▲ | Bullish Engulfing | candlestick | 1.10 |
Trend Context
15MDOWNChoppy / sideways
30MUPChoppy / sideways
1HDOWNChoppy / sideways
2HDOWNChoppy / sideways
4HDOWNSolid trend
8HDOWNSolid trend
12HDOWNTrend forming
1DDOWNSolid trend
Analysis
🎯 Key Takeaways
- Strong bullish momentum on the 2H chart with multiple indicator crossovers.
- Key resistance at 1.40374 is the immediate upside target.
- Support at 1.39078 acts as the invalidation level for the bullish setup.
- Higher timeframes (4H, 8H, 1D) remain bearish, suggesting a possible counter-trend move.
The USD/CAD 2H chart has triggered a cluster of bullish signals, including a Trendline Break Up, Trendline Retreat Up, and multiple momentum oscillators crossing above their midlines (BOP, CCI, CMO, RSI, STOCHF, BBANDS MIDDLE). This confluence suggests a strong short-term bullish impulse, with the signal probability rated at 91% and very strong strength. The nearest resistance at 1.40374 is the immediate upside target, while support at 1.39078 provides a downside buffer.
However, the broader trend context is bearish, with solid downtrends on the 4H, 8H, and 1D timeframes, and mixed signals on lower timeframes. The 2H itself is still classified as bearish and choppy, so this bullish signal may represent a counter-trend bounce rather than a reversal. The alignment of multiple indicators does add conviction, but traders should be cautious about the higher timeframe bearish pressure, which could cap upside or lead to a quick fade.
However, the broader trend context is bearish, with solid downtrends on the 4H, 8H, and 1D timeframes, and mixed signals on lower timeframes. The 2H itself is still classified as bearish and choppy, so this bullish signal may represent a counter-trend bounce rather than a reversal. The alignment of multiple indicators does add conviction, but traders should be cautious about the higher timeframe bearish pressure, which could cap upside or lead to a quick fade.
Catalysts
- ▲ Confluence of 13 bullish signals across trendline, momentum, and candlestick groups.
- ▲ Multiple oscillators (RSI, CCI, CMO, STOCHF) crossing above their midlines, indicating strengthening bullish momentum.
- ▲ Trendline Break and Retreat Up patterns confirm a bullish reversal from a recent low.
- ▲ High signal probability (91%) and very strong strength rating.
Risk Factors
- ▼ Higher timeframe trends (4H, 8H, 1D) are bearish, which could limit upside or reverse the move.
- ▼ The 2H trend is still classified as bearish, so the signal may be a counter-trend bounce.
- ▼ A break below support at 1.39078 would invalidate the bullish setup.
- ▼ Nearby resistance at 1.40374 may provide selling pressure, especially if the broader downtrend resumes.
Symbol
USD/CAD
Timeframe
2H
Direction
BUY
Probability
94%
Strength
VERY STRONG
Date
2026-08-13 16:00
cat_ Forex
Forex
Support & Resistance
| Level | Price | Formed |
|---|---|---|
| R1 | 1.40374 | 2026-08-06 |
| R2 | 1.40799 | 2026-08-04 |
| R3 | 1.41286 | 2026-07-28 |
| S1 | 1.39078 | 2026-08-12 |
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