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USD/CAD forecast



30 July 2015   EXNESS
USDCAD: consolidation below the level of 1.2992
Last week decrease in the US oil inventories by 4.2 million barrels provided support for oil prices, allowing the USD/CAD pair to test the level of 1.2866 in an instant. However, market participants began to buy the world's reserve currency again before the publication of data on the US GDP for Q2 2015...
23 July 2015   LiteForex
USD/CAD: wave analysis on 23.07.2015
Assumingly, a formation of the third wave of the senior level iii of 5 continues. Locally, as it seems, the third wave of the junior level (iii) of iii is forming, within which the impetus elongation is developing. If the assumption is correct and the price does not break through the critical level of 1.2900...
15 July 2015   LiteForex
USD/CAD: wave analysis on 15.07.2015
A formation of the third wave of the senior level iii of 5 continues. Locally, a correction in the form of the fifth wave (iv) of iii is probably finished and the fifth wave of the junior level (v) of iii is developing...
14 July 2015   EXNESS
USDCAD: growth following an agreement on the Iranian nuclear program
Today it became known that Iran and the "six" international mediators reached a deal on Iran's nuclear program. A press conference will be held during the day The oil prices have reacted to this event by a decline, putting pressure on the Loonie...
10 July 2015   LiteForex
USD/CAD: wave analysis on 10.07.2015
A formation of the third wave of the senior level iii of 5 continues. Locally, a bear impetus within the third wave of the junior level (iii) of iii is finishing and a local correction in a form of wave (iv) of iii is forming. If the assumption is correct, the pair continues growing towards 1.2900 after correction ends...

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7 July 2015   LiteForex
USD/CAD: wave analysis on 07.07.2015
Supposedly, the third wave of the senior level iii of 5 continues to form. Locally, most likely the "bullish" impetus within the third wave of the junior level (iii) of iii has finished, and the local correction as the wave (iv) of iii is expected to develop...
2 July 2015   LiteForex
USD/CAD: wave analysis on 02.07.2015
Presumably, the third wave of the senior level iii of 5 continues to form. Locally, as it seems, a "bullish" impetus as the third wave of the junior level (iii) of iii is developing. If the assumption is correct, the pair continues to grow to the level 1.28...
30 June 2015   LiteForex
USD/CAD: Fibonacci levels analysis for June 30, 2015
On the 4-hour chart, the pair USD/CAD is trading near the crossover between 61.8% Fibonacci retracement and 61.8% Fibonacci arc for a short-term trend. The breakdown of 1.2393 would allow the price to fall towards 1.2345 (50% Fibonacci) and 1.2300 (38.2% Fibonacci)...
29 June 2015   LiteForex
USD/CAD: wave analysis on 29.06.2015
Supposedly, a local bearish correction in a form of the second wave ii shaped like a zigzag has finished forming. Apparently, the third wave of senior level, within which the first counter-trend wave (i) of iii has formed, has started developing locally along with a local correction in the form of wave (ii)...
23 June 2015   LiteForex
USD/CAD: wave analysis on 23.06.2015
The pair resumes growth. Supposedly, a local bearish correction in a form of the second wave ii shaped like a zigzag has finished forming. Apparently, the third wave of senior level, within which the first counter-trend wave (i) of iii is forming, has started developing locally...
22 June 2015   EXNESS
USDCAD: Consolidation in the 1.2240-1.2292 range
The April decline in retail sales in Canada by 0.1% (m/m) put pressure on the Loonie. Last Friday, the USD/CAD pair tested the level of 1.2292. However, the renewed increase in the oil prices has led to a fixing of long positions in the pair...
18 June 2015   EXNESS
USDCAD: under pressure after publication of the weekly statistics on oil reserves in the US
Last week, crude oil reserves in the US fell by 2.7 million barrels, while they were expected to decline by 1.6 million barrels. The news has enabled the WTI oil prices to keep the level of 60 dollars per barrel. J. Yellen's soft rhetoric in relation to the US monetary policy has provided additional support for the Loonie...
15 June 2015   LiteForex
USD/CAD: wave analysis on 15.06.2015
Supposedly, a bearish correction in a form of the second wave has finished forming. Apparently, a reversal is forming locally. If the presumption is correct, the pair will logically rise to a level of 1.2560–1.2800 within the third wave...
10 June 2015   EXNESS
USDCAD: under pressure against the background of rising oil prices
Today the US Department of Energy will publish data on the change of oil reserves for the first week of June. They are expected to decline by 1.2 million barrels, and to support the oil prices. In the short term...
8 June 2015   EXNESS
USDCAD: consolidation higher than 1.2424 support level
Sell on a level breakthrough of 1.2424 with 1.2366 target. Stop loss = 1.2474...
5 June 2015   LiteForex
USD/CAD: wave analysis on 05.06.2015
Supposedly, a bullish impetus has formed as the first wave within the fifth wave of senior level. Apparently, a bearish correction is forming locally as the second wave, within which the pair is expected to decline to a level of 1.2240...
2 June 2015   LiteForex
USD/CAD: wave analysis on 02.06.2015
Supposedly, a bullish impetus continues to form as the first wave within the fifth wave of senior level. Apparently, a local correction in a form of wave (iv) has finished and the fifth final wave of junior level has started to form...
28 May 2015   EXNESS
In the short term, the USDCAD pair may fall lower than the 1.244 level.
Yesterday, the Bank of Canada kept its key interest rate unchanged at 0.75%, as expected. According to the Bank of Canada, the current course of the monetary policy is more than acceptable at the moment...
27 May 2015   LiteForex
USD/CAD: wave analysis on 27.05.2015
Supposedly, a bullish impetus continues to form as the first wave i of 5 within the fifth wave of senior level. Apparently, the third wave of junior level (iii) has finished locally...

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22 May 2015   LiteForex
USD/CAD: wave analysis on 22.05.2015
Supposedly, the first counter-trend wave (i) has finished forming within the fifth wave 5 of senior level. Apparently, a descending correction in a form of wave (ii) has started developing...

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This section features USD/CAD forecasts for today, tomorrow, and for a week. Here you can figure out the general situation and make your personal decision whether to follow this analytics or not. USDCAD currency pair is one of the most popular on the market; it is much in demand with currency traders. The share of this pair in the total trade volume is about 10%. Compared to US dollar, Canadian dollar (the "loonie") gains in weight more steadily over the course of a few decades. Canadian dollar is a commodity currency and is influenced by prices on various raw materials, including oil.

Forex Forecasts for the main Currency Pairs

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