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.

XM
5 Mar, 2021   XMUSDCAD trapped in a bear market

USDCAD attempted to quickly recover from a three-year low of 1.2467 as it did back in 2016, but the tough ascending trendline and the bottom of the Ichimoku...

XM
2 Mar, 2021   XMLoonie remains choppy ahead of Canadian GDP

Fourth quarter GDP numbers will be watched out of Canada on Tuesday (13:30 GMT) as the recovery is expected to have lost steam. Nevertheless...

OctaFX
25 Feb, 2021   OctaFXUSD/CAD Price Analysis: Slides further below 1.2500 mark

USD/CAD continued losing ground through the first half of the European session. Oversold RSI on short-term charts warrants caution before placing fresh bearish bets....

OctaFX
12 Feb, 2021   OctaFXUSD/CAD Trades above 1.27, looks north

USD/CAD's daily chart show dip demand below 1.27. The 4-hour chart MACD and RSI are biased bullish. USD/CAD is currently trading mostly unchanged...

XM
4 Feb, 2021   XMCanadian jobs data may not dampen spirits

The loonie may not be brought to tears when Canada releases its first employment report of the year on Friday at 12:30 GMT, as weaker figures are inevitable...

XM
26 Jan, 2021   XMUSDCAD retreats towards descending channel

USDCAD climbed above the short-term descending channel earlier today in the four-hour chart but failed to jump above the 1.2780 resistance, returning lower...


XM
22 Jan, 2021   XMUSDCAD calls for an upside reversal after new 33-month low

USDCAD stretched its March downtrend to a fresh 33-month low of 1.2588 on Thursday before completing the day with a bullish doji candle. The positive candle...

XM
19 Jan, 2021   XMBank of Canada: Opening the door for a rate cut

The BoC will conclude its policy meeting at 15:00 GMT Wednesday and there are some whispers in market circles about a micro rate cut. Covid infections have risen...

XM
15 Jan, 2021   XMUSDCAD holds under SMAs unable to break bearish shackles

USDCAD is pushing off multi-year lows but seems to be incapable of shaking off the bearish tone which has grasped the pair for nearly a year, starting back in March 2020...

XM
12 Jan, 2021   XMUSDCAD posts losses in Ichimoku cloud

USDCAD posted losses for the second consecutive period, pulling back from the 200-period simple moving average (SMA) around the 1.2835 resistance and...

OctaFX
7 Jan, 2021   OctaFXUSD/CAD struggles for direction, confined in a range below 1.2700 mark

USD/CAD extended its directionless price move for the second straight session on Thursday. Bullish oil prices underpinned the loonie and kept a lid on any...

XM
24 Dec, 2020   XMUSDCAD declines further below descending trend line

USDCAD has been consolidating losses since the day it plunged from the more than four-year high of 1.4668. Currently, in the very-short-term, the price is...


XM
15 Dec, 2020   XM USDCAD's bearish course stabilises around 32-month base

USDCAD appears to have become moderately static after logging a near 32-month low of 1.2705 and forming a base around the 1.2700 handle. The flattening...

XM
9 Dec, 2020   XMBank of Canada policy preview: The calm after the storm

Overall, it seems that the Canadian dollar is fundamentally in a relatively advantageous position when compared to its safe haven US counterpart. From a technical...

XM
4 Dec, 2020   XMUSDCAD's breakdown revives March downtrend

USDCAD brought its downward pattern from the 1.4667 peak back into play after breaching the 1.2980 floor and the base of a rectangle, which kept the market...

XM
2 Dec, 2020   XMLoonie may not abandon its bullish trend yet

In addition to GDP readings, Canada will publish employment data for the month of November on Friday at 12:30 GMT, providing its latest update on the health...

XM
27 Nov, 2020   XMUSDCAD stands around often tested 1.2993

USDCAD has found significant support at the 1.2993 barrier over the last three months, posting a negative spike around 1.2930, which is a new two-year low on...

XM
20 Nov, 2020   XMUSDCAD comes to a standstill as momentum fades

USDCAD's dictating bearish picture seems to be taking a breather after a bounce off a newly formed 10-month low of 1.2927. The slowing bearish pace of the 50- and 100-day...


XM
13 Nov, 2020   XMUSDCAD shows chances for gains above falling trend line

USDCAD is touching the falling trend line, which has been developing since April 21, despite the break to the upside at the end of October. The price is also flirting...

OctaFX
12 Nov, 2020   OctaFXUSD/CAD hits fresh weekly tops, eyeing to reclaim 1.3100 mark

USD/CAD continued gaining positive traction for the third consecutive session on Thursday. A softer risk tone benefitted the safe-haven USD and remained supportive...

XM
6 Nov, 2020   XMLoonie stable ahead of potentially positive employment report

The Canadian economy is in a period of a great uncertainty. It's not too surprising therefore that the Canadian dollar has been moving sideways against the US dollar...


XM
30 Oct, 2020   XMUSDCAD struggles as advances restricted by 100-MA

USDCAD appears to be developing a neutral-to-bearish pattern as its recent progress from 1.3080 seems is being supressed by the 100-day simple moving average (SMA)...

XM
20 Oct, 2020   XMLoonie may edge higher after Canadian CPI

Canada will publish its inflation data for the month of September at 1230 GMT on Wednesday together with retail sales figures for August. The recovery in retail sales...

XM
13 Oct, 2020   XMUSDCAD recedes below 200-MA

USDCAD is currently at a standstill near the red Tenkan-sen line after its retreat under the Ichimoku cloud and simple moving averages (SMAs). The subsiding...


XM
6 Oct, 2020   XMUSDCAD hits 2-week low and returns back above

USDCAD is pointing upwards after the strong selling interest from the two-month high around 1.3418. The pair surpassed the 38.2% Fibonacci retracement level...

XM
2 Oct, 2020   XMUSDCAD ticks up after downfall from descending line

USDCAD is pointing slightly up after the strong downfall from the upper surface of the Ichimoku cloud and the falling trend line around 1.3420. The 20- and 40-day...

OctaFX
25 Sep, 2020   OctaFXUSD/CAD consolidates in a range, around mid-1.3300s

USD/CAD remained confined in a narrow trading band through the early European session. Coronavirus jitters underpinned the safe-haven USD and extended some...


XM
11 Sep, 2020   XMUSDCAD retests upper boundary of descending channel

USDCAD has been developing within a descending movement since March 19 and is currently coupled within the 20- and 40-day simple moving averages (SMAs)...

OctaFX
10 Sep, 2020   OctaFXUSD/CAD clings to modest gains above mid-1.3100s

USD/CAD gained some positive traction on Thursday and recovered a part of the overnight fall. A fresh leg down in oil prices undermined the loonie and remained...

XM
4 Sep, 2020   XMUSDCAD aims for a bullish breakout but bears still in play

USDCAD is pushing for a close above the long-term ascending trendline drawn from September 2017, which could also drive the price out of the 5 month old downward...


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8 Mar, 2021   XMUSDJPY rises around 9-month high

USDJPY has increased to a fresh nine-month high of 108.64 on Friday, endorsing the upside tendency. The simple moving averages (SMAs) are following the price...

XM
8 Mar, 2021   XMDollar shines after Senate approves relief bill

Global markets continue to dance to the tune of rising bond yields, as a swift vaccination campaign and the overload of federal spending that is arriving soon...