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USD/CAD Forecast - Page 10


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)...

30 Jun 2015LiteFinance

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)...

29 Jun 2015LiteFinance

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...

23 Jun 2015LiteFinance

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...

22 Jun 2015Exness

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...

18 Jun 2015Exness

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...

15 Jun 2015LiteFinance

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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...

10 Jun 2015Exness

USDCAD: consolidation higher than 1.2424 support level

Sell on a level breakthrough of 1.2424 with 1.2366 target. Stop loss = 1.2474...

8 Jun 2015Exness

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...

5 Jun 2015LiteFinance

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...

2 Jun 2015LiteFinance

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...

28 May 2015Exness

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...

27 May 2015LiteFinance

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...

22 May 2015LiteFinance

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...

21 May 2015LiteFinance

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...

20 May 2015Octa

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...

19 May 2015LiteFinance

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 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...

15 May 2015XM

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...

14 May 2015LiteFinance

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...

6 May 2015Exness


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