USD/CAD Forex Forecasts - Forex Trading Forecasts - Page 4

31 Dec, 2015   ExnessUSDCAD: consolidation before publication of the US oil reserves figures

The US Department of Energy weekly report on oil reserves in the US will be published today. Expectations of their decline over the last week by 1.8 million barrels support the currencies of oil exporting countries...

24 Dec, 2015   LiteForexUSD/CAD: wave analysis

Assumingly, an upward impulse in the fifth wave of the senior level v of 5 of (3) continues forming. Locally, the third wave (iii) seems to have ended, and a correction as the fourth wave (iv) seems to be developing...

18 Dec, 2015   LiteForexUSD/CAD: pair renews highs

The USD/CAD pair keeps growing renewing new highs. The main reason for the growth in the pair is strengthening US Dollar that was supported after the Fed meeting on Wednesday at which the regulator, as was expected...

16 Dec, 2015   ExnessThe USDCAD pair may test the level of 1.3845 in the short term

The weekly statistics on the US oil reserves will be published today by the US Department of Energy. It is expected that the past week stocks will fall by 0.3 million barrels. We believe the statistics will not provide any significant support for the Loonie...

15 Dec, 2015   ExnessThe Baker Hughes statistics supported the Loonie

According to Baker Hughes, last week, the total number of active drilling rigs in the United States declined from 737 to 709, and the number of oil installations declined from 545 to 524. We believe that oil production in the US will decrease, and the prices for it will grow in the coming weeks...

15 Dec, 2015   HotForexUSDCAD update, 1.40 in sight on break above 1.38

The CAD sinks as Canada manufacturing shipments tumbled 1.1% in October, petroleum and coal shipments plunged 5.7%, marking the fifth straight decline in the sector...


11 Dec, 2015   LiteForexUSD/CAD: wave analysis

Assumingly, an upward impulse in the fifth wave of the senior level v of 5 of (3) continues forming. Locally, an upward impulse seems to be forming within which the third wave (iii) is nearing the end...

9 Dec, 2015   LiteForexUSD/CAD: pair continued growing

On Tuesday, the USD/CAD pair was growing actively and managed to consolidate above the level of 1.3600 for a while. Last time the price reached this level only in summer 2004...

7 Dec, 2015   OctaFXUSD/CAD hit two-week high, oil drops

The broad based USD rally in Europe coupled with a moderate drop in oil prices pushed theUSD/CAD pair to a two-week high of 1.3422 in the European session...

7 Dec, 2015   LiteForexUSD/CAD: general review

Last week the pair was trading within the range 1.3293-1.3415 while volatility in the pair was low. Fed Chair Janet Yellen commentaries last week raised the chances of an interest rate increase in December despite mixed data from the US...

4 Dec, 2015   LiteForexUSD/CAD: flat continues

The USD/CAD pair is closing close to its opening levels during several trading sessions in a row. Market participants are waiting for new drivers despite numerous publications, released in the US this week...

3 Dec, 2015   LiteForexUSD/CAD: wave analysis

Assumingly, a double zigzag wxy within wave B of 4 has formed. Locally, a starting wave (i) of the junior level seems to have formed and a correction in the wave (ii) has finished...


1 Dec, 2015   LiteForexUSD/CAD: pair fell

Yesterday the pair showed choppy dynamics and slightly fell from local highs. The pair however still receives support amid market expectations of an interest rate increase at the Fed’s December meeting...

19 Nov, 2015   ExnessUSDСAD: under pressure against the background of rising oil prices

According to the US Department of Energy, the countrys oil reserves grew by 0.3 million barrels over the past week, with a forecast of growth of 2 million barrels. The statistics provided support for oil prices...

11 Nov, 2015   LiteForexUSD/CAD: wave analysis

Wave A of 4 continues forming, within which wave b of A seems to be nearing the end. Assumingly, a Bearish impetus is developing within wave (c) of b, and if the assumption is correct, a decline within wave c of A is to be expected after the impetus has finished developing...

3 Nov, 2015   LiteForexUSD/CAD: wave analysis

A double zigzag wxy within wave A of 4 continues forming. At present, wave x of A seems to have finished, and wave y of A seems to have started developing. If the assumption is correct, it is logical to expect a decline to 1.2900-1.2700...

19 Oct, 2015   LiteForexUSD/CAD: downtrend develops

Last week, the USD/CAD pair developed its downward trend and hit new local lows at the level of 1.2831. At the same time, the due to the large number of controversial US macroeconomic releases, the pair dynamics was mixed...

16 Oct, 2015   ExnessUSDCAD: under pressure against the background of declining oil production in the US

According to the US Department of Energy, the US crude stocks rose by more than 7.5 million barrels by the end of last week, but the production in the country fell by 76 thousand barrels per day to 9.1 million being the minimum of 11 months. The data provided support for the oil prices and the Loonie...


15 Oct, 2015   LiteForexUSD/CAD: USD under pressure again

On Wednesday, the USD/CAD pair significantly fell amid poor macroeconomic statistics from the US. Retail Sales data for September showed a growth of only 0.1%, while experts forecasted the 0.2% growth...

8 Oct, 2015   LiteForexUSD/CAD: pair recovered

On Wednesday, the USD/CAD pair slightly grew after reaching local lows at 1.2971. The growth was the result of some reduction in risk appetite on the market after the publication of unexpectedly weak Industrial Production data from Germany. In addition, investors are being cautious prior to the release of key economic news...

5 Oct, 2015   LiteForexUSD/CAD: CAD is growing

Last week the USD/CAD pair significantly fell. The fall was the result of poor macroeconomic data from the US that raised new doubts about the timing of the interest rate increase in the US. On Friday, data on the Non-Farm Payrolls for September was published...


29 Sep, 2015   ExnessThe Loonie is updating its yearly low against the US dollar

In August, the prices for "black gold" react negatively to the information on reducing profits of Chinese industrial enterprises by 8.8% (y/y), which has been the most significant decline since October 2011...

29 Sep, 2015   LiteForexUSD/CAD: wave analysis for September 29, 2015

Assumingly, an upward impulse within the third wave of the senior level (3) continues forming. Locally, the fifth wave v of 5 of (3) seems to be forming, within which, according to the first wave (i), a diagonal is going to be formed. If the assumption is correct, the pair continues growing towards 1.3500, 1.3600...

22 Sep, 2015   LiteForexUSD/CAD: CAD has no support on 22.09.2015

The pair was supported by poor data from Canada, where Wholesale Sales for July remained at the same level as for June, while experts forecasted a 0.8% increase. Later in the day, however, a growth in the pair was restrained by poor data from the US...


7 Sep, 2015   ExnessUSDCAD: consolidation around the level of 1.326

Last week, the number of active oil rigs in the US fell from 675 to 662. The prices for WTI oil had practically no reaction to the news and continued to consolidate around the level of 45.5 dollars per barrel...

18 Aug, 2015   LiteForexUSD/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...

13 Aug, 2015   LiteForexUSD/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...


6 Aug, 2015   ExnessUSDCAD: 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...

4 Aug, 2015   ExnessUSD/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...

30 Jul, 2015   ExnessUSDCAD: 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...


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