USD/CAD Forex Forecasts - Forex Trading Forecasts

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.

USD/CAD Trades Below Major Resistance

The Fed Chair Yellen made a speech on 3rd Mar, stating that We currently judge that it will be appropriate to gradually increase the federal funds rate if the economic data continue to come in about as we expect...

USD/CAD is bouncing back

Entering the ascending channel and breaking the descending local downtrend the price started to approach the ascension in the daily chart...

USD/CAD coils in a tight range as USD and crude oil seek direction

The meeting between US President Donald Trump and Canadian Prime Minister Justin Trudeau on Monday was exceptionally diplomatic, generally skirting the major trade issue of Trump’s protectionist aim to renegotiate the North American Free Trade Agreement (NAFTA)...

100% Bonus Maximiser - UNLIMITED
100% Bonus Maximiser - UNLIMITED

Give a giant boost to your trading, on top of your initial investment, with FXGiants 100% Bonus Maximiser. Be rewarded with this unique offer and maximize your trading potential with NO limits. Register to claim the bonus now!

Canadian dollar falls on fears of US protectionism

Although the Bank of Canada (BoC) left its overnight rate unchanged at 0.5% as expected on Wednesday, BoC Governor Stephen Poloz also said that “a rate cut remains on the table,” which helped prompt a sharp fall for the Canadian dollar...

USD/CAD drops to key support on crude oil surge

USD/CAD fell to a major support level around 1.3200 on Thursday as crude oil prices surged amid speculation over this weekend’s meeting between major oil producers that may extend OPEC’s recent deal to cut production...

USDCAD and Gold Test Key Levels

USDCAD has seen a substantial rebound from a three-week low of on the US election night. It has been trading above the downside uptrend line support with strong bullish momentum...


USD/CAD bullish perspective remained intact

The current crude oil correction kept on weighing on CAD. Besides, the BoC dovish comments last week weakened near-term Canadian dollar perspectives...

USDCAD takes centre stage

The US dollar has continued to find see strong support from the domestic markets as US housing prices lifted quite strongly to 5.5M (5.3M exp) showing continued confidence in the housing market from consumers...

USDCAD takes centre stage

The US dollar has continued to find see strong support from the domestic markets as US housing prices lifted quite strongly to 5.5M (5.3M exp) showing continued confidence in the housing market from consumers...

Test your trading strategy on MT4 Cent account of FIBO Group
Test your trading strategy on MT4 Cent account of FIBO Group

Cent account – the perfect solution when you have your own trading strategy or Expert Advisor which must be tested on a real account. With MT4 Cent account, you will have access to the minimum possible trading volume. This makes it possible for beginners to try their hand in the Forex market, and for professionals - to work out new trading strategies, test indicators and advisors, with a minimum amount of risk. The account is implemented with NDD technology, high-speed execution of transactions, minimum floating spreads and no re-quotes.

USDCAD Tests Major Resistance

USDCAD has been bullish since the early September, as the recent US economic data outperforms. Yet the price is trading below the mid-term resistance level at 1.3300, the selling pressure at this level is very heavy, the price will likely pull back at this zone...

Canadian dollar is weaker against the U.S. dollar

The USA/CAD is in ascending channel, close to its upper boundary. After a brief test of the weekly highs near 1.3200 the price made an attempt to return below the tested level. Sellers seem to be struggling for the level 1.3200 now. The moving averages are below the price...

USD/CAD sinks further on weak US data

The US dollar was pummeled on Tuesday after the US ISM non-manufacturing PMI data for August was released. This data showed a significantly slower-than-expected expansion at 51.4 against prior expectations of 55.4...


USDCAD down again

USDCAD is down for a third consecutive day, this time making 11-day lows under 1.2900. The pair has been hit by two things, one being Friday’s post-U.S. jobs report losses, which has eroded Fed tightening expectations, and the other being a rally in oil prices...

USD/CAD resumed its bullish momentum

A better-than-expected US ADP Employment survey and disappointing Canadian GDP for Q2 weighed on the Canadian dollar...

USD/CAD has been under intense selling pressure since last week

The instrument is in an upward channel and traders pushed the price to its low limit on Wednesday. The USD/CAD found a strong support at 1.3000 where the pair reversed and partly erased its gains. The resistance is at 1.3100, the support comes in at 1.3000...

Learn How to Trade Forex
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

USD/CAD breaks out to new high

USD/CAD climbed slightly above key resistance around the 1.3200 level on Monday, primarily due to the Canadian dollar having been dragged down by falling crude oil prices...

USD/CAD analysis for June 30, 2016

The US dollar slightly fell against the major currencies. The market continued to work out the decision of the UK to exit the EU. Meanwhile, the growth of oil prices supported the Canadian dollar...

USD/CAD faces minor resistance around 1.30500

Major resistance - 1.3100. Major support - 1.2920 (200 4H MA). Lonnie has broken psychological resistance 1.3000 and jumped till 1.30989...


USD/CAD stays afloat amid weak Canadian growth

Canadian GDP data for March was released on Tuesday, revealing a second consecutive month of economic contraction at -0.2%, further disappointing prior expectations of -0.1%. The previous month of February had shown a smaller contraction at -0.1%...

USDCAD: Will the Loonie finally make up its mind

The US dollar has eased off its best levels after rebounding across the board following the release of some strong US macroeconomic pointers on Tuesday...

USD/CAD upsurge impeded by recovering oil price

The USD/CAD turned sharply higher ever since traders realised that there was a lack of supply beneath the psychological level of 1.25 last Tuesday, leading to a 500-pip rally to the next psychological hurdle of 1.30...


USD/CAD rebounds sharply on Canadian trade deficit

USD/CAD continued its sharp rebound for the second consecutive day on Wednesday as crude oil remained in retreat, the US dollar saw a modest relief bounce, and the Canadian dollar was hit by data showing a worse-than-expected trade deficit...

Doha oil meeting failure and USDCAD update

AUD and CAD got hammered as the Doha meeting on oil restrictions failed and caused substantial concerns over the oil cartel OPEC’s ability to restrict and control the oil production...

Is USDCAD a sell after a rally

USDCAD has been moving lower in recent days while the WTI crude has rallied. Now the pair is oversold and therefore vulnerable to contra trend moves. Stochastics is well below the oversold threshold in the daily chart and USDCAD has moved below the lower Bollinger bands...


USD/CAD forms tentative bottom

Since it hit a new five-month low below 1.2900 late last week on the last day of March, USD/CAD has rebounded to hit a high briefly above 1.3200 resistance as of Tuesday. This rebound has occurred as the price of crude oil has retreated in the past several trading days...

USD/CAD rebound could be short-lived

The USD/CAD has collapsed after its parabolic rise ended in mid-January, when oil prices first showed signs of stabilisation. Since peaking at just shy of 1.4700, the Loonie has tumbled to below 1.30, hitting a low of 1.2925 last week...

USD/CAD edging lower as BOC takes a sanguine view on Loonie

As expected, the first major central bank decision of the week was not much of a decision at all. Earlier this morning, the Bank of Canada opted to leave interest rates unchanged at 0.50%, as all 11 primary dealers surveyed by the Wall Street Journal expected...


USD/CAD extends dive on oil rebound, Canada GDP

USD/CAD further extended its prolonged pullback on Tuesday to hit and slightly dip below major support at the 1.3400 level and its key 200-day moving average. The currency pair has not broken below its 200-day moving average since late-2014...

USDCAD oversold with a sell area above

USDCAD broke below an important support in yesterday trading. The 1.3640 to 1.3660 area had supported price in January and then twice February. This has caused the pair to be oversold in both daily and 4h timeframes...

USDCAD: consolidation after the IEA report

The IEA report, published this week, reflects the agency's doubts in the ability of OPEC and other oil producing countries to reduce quotas in the short term...


  


Share: