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USD/CAD Forecast


Canadian Dollar Seeks Opportunities for Growth
Canadian Dollar Seeks Opportunities for Growth

The USDCAD pair remains within a sideways range, with the Canadian dollar occasionally showing a tendency to strengthen.

14 Mar 2024RoboForex

USDCAD Faces Potential Bearish Retracement Amid Technical Indicators
USDCAD Faces Potential Bearish Retracement Amid Technical Indicators

The USDCAD currency pair finds itself in a precarious position as it grapples with key technical levels and indicators that suggest a possible bearish retracement. In this analysis, we delve into the current status of USDCAD...

26 Jan 2024

USD/CAD Retreats to Near 1.3380 as Crude Prices Surge
USD/CAD Retreats to Near 1.3380 as Crude Prices Surge

The USD/CAD currency pair is experiencing a retracement of recent gains during the Asian session on Friday, with prices edging lower to hover around the 1.3380 mark...

12 Jan 2024

USD/CAD Rises to 1.3380 Amid Declining Crude Prices and Mixed US Economic Data
USD/CAD Rises to 1.3380 Amid Declining Crude Prices and Mixed US Economic Data

The USD/CAD currency pair has been on an upward trajectory, reaching around 1.3380 in the European trading session on Monday. This movement is primarily influenced...

8 Jan 2024

USDCAD Signals a Bullish Trend in the Short-Term Amid Mixed Technical Indicators
USDCAD Signals a Bullish Trend in the Short-Term Amid Mixed Technical Indicators

Introduction The USDCAD currency pair has been exhibiting signs of a bullish trend in the short term as it approaches the critical 20-day Simple Moving Average (SMA)...

5 Jan 2024

USD/CAD Rebounds as US Dollar Gains and Oil Prices Weigh on the Canadian Dollar
USD/CAD Rebounds as US Dollar Gains and Oil Prices Weigh on the Canadian Dollar

The USD/CAD pair experienced a notable rebound, approaching the 1.3260 mark in the early New York trading session. This recovery was catalyzed by a resurgence in the US Dollar Index (DXY)...

1 Jan 2024

The Impact of EAs on Forex Trading: A Double-Edged Sword

By enabling continuous, algorithm-based trading, EAs contribute to the efficiency of the Forex market. They can instantly react to market movements and news events, providing liquidity and stabilizing currency prices through their high-volume trading activities.

USDCAD Wave Analysis: Preparing for a Downward Spiral
USDCAD Wave Analysis: Preparing for a Downward Spiral

The USDCAD currency pair finds itself under the grip of bearish forces as it plunges through the critical support level at 1.3410. This breach signals a potentially...

20 Dec 2023

USD/CAD Tumbles Below 1.3400, Hits Lowest Since September Amid Sustained USD Weakness
USD/CAD Tumbles Below 1.3400, Hits Lowest Since September Amid Sustained USD Weakness

The USD/CAD pair has experienced a significant downturn, plunging to a near three-month low amidst a confluence of factors driving the US Dollar’s (USD) weakness...

15 Dec 2023

USD/CAD Rebounds to Challenge 1.3550 Resistance Amid Market Caution and Economic Indicators
USD/CAD Rebounds to Challenge 1.3550 Resistance Amid Market Caution and Economic Indicators

The USD/CAD pair has shown resilience at the start of the week, bouncing from a low of 1.3475 to test the previously established support, now turned resistance, at 1.3550. This rebound follows a substantial sell-off late last week...

4 Dec 2023

USD/CAD Dynamics: Awaiting Impact of Powell’s Speech Amidst Technical Bearish Signals
USD/CAD Dynamics: Awaiting Impact of Powell’s Speech Amidst Technical Bearish Signals

The USD/CAD currency pair continues to exhibit a downward trajectory, potentially approaching the key psychological support level of 1.3500. During the European trading session on Friday, the pair hovered around 1.3530...

1 Dec 2023

USD/CAD Amid Economic and Technical Influences
USD/CAD Amid Economic and Technical Influences

The USD/CAD pair has seen a renewed uptick on Wednesday, managing to sustain gains above the critical 1.3700 threshold during the European session's first half. This movement is influenced by several factors...

22 Nov 2023

USDCAD's Resilience: Bouncing Back from Lows and Eyeing New Highs
USDCAD's Resilience: Bouncing Back from Lows and Eyeing New Highs

The USDCAD currency pair recently encountered a significant setback, momentarily slipping below the crucial 1.3800 threshold. This decline was notably brief, as the pair swiftly...

17 Nov 2023

Analyzing USDCAD's Recent Fluctuations: Is the Bullish Momentum Waning?
Analyzing USDCAD's Recent Fluctuations: Is the Bullish Momentum Waning?

The USDCAD currency pair has recently seen an impetus, surging to a commendable 3-year apex of 1.3898. However, the recent trading activity reveals a downward tilt, marking its third successive decline...

3 Nov 2023

USDCAD broke key resistance level 1.3790
USDCAD broke key resistance level 1.3790

The USDCAD currency pair has recently surpassed the pivotal resistance level at 1.3790, a barrier that has consistently capped its upside momentum since last October...

27 Oct 2023

USDCAD Bulls Showcase Resilience; Setting Sights on 1.3700
USDCAD Bulls Showcase Resilience; Setting Sights on 1.3700

In the aftermath of a tumultuous period, the USDCAD pair demonstrates a commendable recovery, bouncing back with vigor. The currency pair managed...

13 Oct 2023

USD/CAD Peaks at 1.3700, Reaching a High Since March Amidst Falling Oil Prices and a Strong USD
USD/CAD Peaks at 1.3700, Reaching a High Since March Amidst Falling Oil Prices and a Strong USD

The USD/CAD currency pair has seen significant momentum recently, marking its third consecutive day of gains on Tuesday. This surge comes after last week's robust recovery...

3 Oct 2023

Future Trends and Developments in Forex Trading with Expert Advisors

The future of Forex EAs lies in the further integration of AI and machine learning technologies, enabling the creation of even more sophisticated and adaptive trading systems. These advancements could lead to EAs that better understand market sentiment, predict future movements with greater accuracy, and manage risks in more nuanced ways.

USD/CAD: Oil Supports the Canadian Dollar
USD/CAD: Oil Supports the Canadian Dollar

The USD/CAD pair is actively declining during Tuesday's trading session, continuing the downward rally that began on September 8th when the quotes failed to hold near local highs around 1.3700...

19 Sep 2023AMarkets

USD/CAD Jumps to two-month high, bulls seize control above 100-day SMA
USD/CAD Jumps to two-month high, bulls seize control above 100-day SMA

The USD/CAD pair gains strong positive traction on Tuesday and rallies to over a two-month peak, around the 1.3435 region during the first half of the European session...

8 Aug 2023Octa

USD/CAD: Target revised from 1.3450 to 1.3100
USD/CAD: Target revised from 1.3450 to 1.3100

The Canadian Dollar outperformed procyclical G10 FX peers in the second quarter, supported by exposure to strong US demand and a hawkish Bank of Canada...

29 Jun 2023Octa

USDCAD: The price has already reached the target zone №1 1.31909-1.31700
USDCAD: The price has already reached the target zone №1 1.31909-1.31700

The best prices to try to have a short position are the control resistance zone 1.34195-1.33979. In case of the price is fixed upper the control resistance zone...

21 Jun 2023Amega

USDCAD: The bull market is continuing
USDCAD: The bull market is continuing

The price has already reached the target zone №1 1.35732-1.35493 and it is going to the target zone №2 1.38323-1.38075. Any price reduction is considered like corrective...

7 Jun 2023Amega

USD/CAD sticks to modest intraday gains around 1.3470-75 area, lacks bullish conviction
USD/CAD sticks to modest intraday gains around 1.3470-75 area, lacks bullish conviction

The USD/CAD pair attracts fresh buying on Thursday and maintains its bid tone through the first half of the European session, reversing a major part of the previous day's modest losses...

18 May 2023Octa

USD/CAD steadily climbs back to 1.3400 amid retreating Oil prices, stronger USD
USD/CAD steadily climbs back to 1.3400 amid retreating Oil prices, stronger USD

The USD/CAD pair builds on the previous day's late rebound from the 1.3315 region, or over a three-week low and gains some follow-through traction on Tuesday. The steady intraday uptick lifts spot prices...

9 May 2023Octa

USDCAD, D1: The bulls are in motion
USDCAD, D1: The bulls are in motion

The USDCAD currency pair on the D1 time frame was in a down trend until a lower bottom formed on 14 April at 1.33006. This was what the bulls were waiting for and they started to drive the price higher...

2 May 2023FXTM

 USD/CAD run-up crosses 1.3600 as Oil trims recent gains
USD/CAD run-up crosses 1.3600 as Oil trims recent gains

USD/CAD grinds near intraday high after pausing a six-day winning streak the previous day, mildly bid near 1.3620 amid early Friday morning in Europe...

28 Apr 2023FXCM

USD/CAD licks its wounds above 1.3300 amid sluggish Oil price
USD/CAD licks its wounds above 1.3300 amid sluggish Oil price

USD/CAD holds lower grounds at two-month bottom, down for the fifth consecutive day. WTI crude oil struggles to recover amid sluggish data, mixed OPEC update...

14 Apr 2023FXCM

The Top Forex Expert Advisors 2024: Performance, Strategy, and Reliability Review

An annual roundup reviewing the most successful Forex Expert Advisors (EAs) based on their performance, strategies employed, reliability, and user feedback. This piece would provide insights into which EAs have been market leaders and why.

USD/CAD Price Analysis: Bear flag confirmation hints at further downside past 1.3500
USD/CAD Price Analysis: Bear flag confirmation hints at further downside past 1.3500

USD/CAD takes offers to refresh intraday low, extends the previous day’s pullback from one-week high. Confirmation of bearish chart pattern, clear downside break of key SMAs favor sellers...

11 Apr 2023Octa

Volatility contracts ahead of Fed Powell’s testimony and sideways oil
Volatility contracts ahead of Fed Powell’s testimony and sideways oil

USD/CAD has turned sideways amid anxiety ahead of Fed Powell’s speech and lackluster oil price. BOC might keep interest rates steady as announced earlier...

7 Mar 2023FXCM

USD/CAD ignores Oil price recovery as bulls approach 1.3600 ahead of Canada GDP
USD/CAD ignores Oil price recovery as bulls approach 1.3600 ahead of Canada GDP

USD/CAD picks up bids to reverse the week-start pullback from monthly top. Cautious optimism underpins WTI rebound amid sluggish session. US Dollar remains on the way to posting...

28 Feb 2023FXCM

USD/CAD slides closer to mid-1.3400s amid rebounding oil prices
USD/CAD slides closer to mid-1.3400s amid rebounding oil prices

USD/CAD comes under some selling pressure on Monday and extends Frida’s retracement slide. Rebounding oil prices underpins the Loonie and exerts pressure amid subdued USD price action...

20 Feb 2023FXCM


MultiBank Group information and reviews
MultiBank Group
84%
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XM
82%
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FP Markets
81%
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FXTM
80%
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AMarkets
79%
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BlackBull
78%

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