USD/CAD Forecast

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.


August 18, 2015
USD/CAD: wave analysis on 18.08.2015
Assumingly, a formation of the third wave of the senior level iii of 5 is finished. Locally, a correction in a form of the fourth wave iv seems to be forming, within which the first wave (a) in a shape of a diagonal and a correction of wave (b) seemed to have formed...
August 13, 2015
USD/CAD: wave analysis on 13.08.2015
Assumingly, the third wave of the senior level iii of 5 has formed. Locally, a correction as the fourth wave iv seems to be developing, within which the first wave (a) in the form of a diagonal has formed. If the assumption is correct, after the local correction within wave (b) the pair will continue falling to 1.2785...
August 6, 2015
USDCAD: Consolidation in the range of 1.3109-1.3213
Last week, the commercial US crude oil stocks fell by 4.4 million against the forecast of a reduction by 1.5 million barrels per day. In the coming weeks, oil production in the United States may decline. At the moment, the commodity currencies look oversold...
August 4, 2015
USD/CAD: adjustment from the level of 1.3173
The adjusting rise in the prices for WTI crude oil from the level of $45 per barrel has supported the Loonie. Production of shale oil in the US will become unprofitable below this level. In the short term, the USD/CAD can try out the "double top" figure...
July 30, 2015
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...
July 23, 2015
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...
July 15, 2015
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...
HY Markets
HY Markets is a Leading Online Capital Broker! Start Trading $ 50, 1:200 Leverage, Regulated FCA. Join now!

July 14, 2015
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...
July 10, 2015
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...
July 7, 2015
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...
July 2, 2015
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...
June 30, 2015
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)...
June 29, 2015
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)...
Managed Account (PAMM) from FIBO Group
Managed Account (PAMM) - is a unique opportunity to take advantage of the trading experience of a Manager, who gains a chance to increase his trading volume at the expense of investors. The specified fee is allocated to the Manager only if he or she gains profit, which in turn, is divided between Investors according to their share in a PAMM.

June 23, 2015
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...
June 22, 2015
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...
June 18, 2015
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...
June 15, 2015
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...
June 10, 2015
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...
June 8, 2015
USDCAD: consolidation higher than 1.2424 support level
Sell on a level breakthrough of 1.2424 with 1.2366 target. Stop loss = 1.2474...
June 5, 2015
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...
June 2, 2015
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...

May 28, 2015
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...
May 27, 2015
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...
May 22, 2015
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...
May 21, 2015
USD/CAD: Oil, US Fed and consumer prices on 21.05.2015
On Wednesday, the minutes of the meeting of the US Fed was released. Members of the US FOMC challenged the necessity of the increase in interest rate in June. Now it is expected that the rates will be raised at the next meeting early autumn...
May 20, 2015
USD/CAD off highs, back to 1.12240
The greenback continues to advance vs. its Canadian neighbour on Wednesday, withUSD/CAD now easing to the 1.2240/35 band...
May 19, 2015
USD/CAD: wave analysis for May 19, 2015
Supposedly, a bearish correction has finished in a form of the fourth wave 4 which has extended more than expected. Apparently, a reversal has formed and the first wave of junior level (i) is developing locally...
May 15, 2015
USDCAD bearish below cloud
The near term outlook for USDCAD stays bearish as long as prices stay below the daily Ichimoku cloud. A top has been formed...
Learn How to Trade Forex
Get FXCM New to Forex Trading Guide when you sign-up for a FREE $50k practice account. The guide will explain what the forex market is and why to trade it, as well as the numerous advantages it offers and how it differs from traditional markets. The guide will also help you learn the simple steps and skills you need to make your first trade and become a forex trader. Get started and sign up today!
*Risks regarding foreign exchange trading

May 14, 2015
USD/CAD: general analysis on 14.05.2015
The American dollar is declining amid poor data on the US retail sales. On Wednesday the pair fell to the level of 1.1928, which are the...
May 6, 2015
USDCAD: consolidation before the publication of the business activity index in Canada's manufacturing sector
Sell on a level breakthrough of 1.2002 with 1.1944 target. Stop loss = 1.2052. Reason for the trading strategy Today, after 14.00 GMT, data on the index of business activity...
December 22, 2014
USDCAD: consolidation higher than 1.1558 support level
Despite the significant reduction in the November inflation in Canada, the Loonie has shown stability in the foreign exchange market, taking advantage of the rise in oil prices. In addition, the October data on Canada's retail sales were better than expected...