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USD/CAD Forecast - Page 5


Loonie 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...

6 Nov 2020XM

USDCAD 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)...

30 Oct 2020XM

Loonie 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...

20 Oct 2020XM

USDCAD 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...

13 Oct 2020XM

USDCAD 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...

6 Oct 2020XM

USDCAD 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...

2 Oct 2020XM

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USD/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...

25 Sep 2020Octa

USDCAD 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)...

11 Sep 2020XM

USD/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...

10 Sep 2020Octa

USDCAD 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...

4 Sep 2020XM

USDCAD unlocks fresh 7-month low below 1.3100

USDCAD has been posting more losses as it completed a fresh seven-month low of 1.3085 earlier today, remaining in a descending channel over the last...

28 Aug 2020XM

USDCAD slows momentum in sideways channel

USDCAD has been in a consolidation area over the last week with upper boundary the 1.3245 resistance and lower boundary the seven-month low of 1.3132, reached...

25 Aug 2020XM

USD/CAD drops to the lowest level since late January

The USD/CAD pair weakened further below the 1.3200 mark and tumbled to near seven-month lows during the early European session. The pair added to the previous...

18 Aug 2020Octa

USDCAD seems to be in a make-or-break situation

USDCAD has been trading bearish for five consecutive weeks but this time the price is in a sensitive territory, near a long-term supportive trendline that has been...

14 Aug 2020XM

USD/CAD eases from tops, still comfortable above 1.3300 mark

USD/CAD gains some positive traction on Wednesday, snapping two days of losing streak. Hopes of a US economic recovery, surging US bond yields extended some...

12 Aug 2020Octa

Clear break below key support at 1.3331/15

USD/CAD has removed crucial support at 1.3331/15. Economists at Credit Suisse stay biased lower and look for a clear break of the "neckline" to the September...

5 Aug 2020Octa

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USDCAD trapped below trendline; targets June's lows

USDCAD was forced to shift south after the descending trendline and the 23.6% Fibonacci level of the 1.4667-1.3314 downleg held firm once again, with the...

24 Jul 2020XM

USD/CAD clings modest recovery gains, just below mid-1.3400s

USD/CAD gains some positive traction on Friday and moves away from six-week lows. A mildly softer tone around oil prices undermined the loonie...

24 Jul 2020Octa

USDCAD improves somewhat within trading range

USDCAD recently climbed above all converged simple moving averages (SMAs) and the 1.3594 level, that being the 38.2% Fibonacci retracement...

23 Jul 2020XM

USDCAD under pressure amid the rising crude oil prices

The pair remains under pressure amid the rising crude oil prices, global weakness of the US dollar and the latest figures from Canada. If the former two factors...

23 Jul 2020Grand Capital

Canadian inflation and retail sales to drive loonie

Canada will publish its retail sales data for the month of May at 1230 GMT on Tuesday before releasing inflation figures for June at the same...

21 Jul 2020XM

USDCAD bulls wait for a close above 1.3633

The 200-day simple moving average (SMA) limited downside corrections in USDCAD, holding the pair above its recent lows. Still, positive movements...

17 Jul 2020XM

Loonie left behind in risk rally, can jobs data help?

The Canadian dollar has underperformed other G10 commodity currencies lately, eating the dust of the aussie and the kiwi since markets bottomed in March...

10 Jul 2020XM

Loonie left behind in risk rally, can jobs data help?

The Canadian dollar has underperformed other G10 commodity currencies lately, eating the dust of the aussie and the kiwi since markets bottomed in March...

8 Jul 2020XM

Canadian dollar strengthened to a weekly high

The Canadian dollar strengthened to a one-week high against its American counterpart on Wednesday, as declining concern over the economic impact...

12 Feb 2020FIBO Group

Loonie braces for Canadian jobs data

The latest employment figures out of Canada will be released at 13:30 GMT on Friday. Recent data have been disappointing, which puts extra...

10 Jan 2020XM

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

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CAD rises ahead of BoC rates decision

The Canadian dollar gained against the USD during the Asian session as the market waited for the BOC decision that will be made later today.

4 Dec 2019FP Markets

USD/CAD retreats from session highs,

US Dollar Index loses traction in the last hour. WTI clings to small daily gains near $55 handle. Coming up: Consumer Price Index (CPI) data...

13 Aug 2019HYCM

USD/CAD rebounds from multi-month lows

A sharp pullback in Oil prices undermined Loonie and helped gain some positive traction. Fed rate cut bets kept the USD bulls on the defensive...

5 Jul 2019HYCM

USD/CAD sticks to modest gains

A modest pull-back in Oil prices undermine Loonie and helped regain traction. The USD continues to attract some safe-haven flows and remained...

14 Jun 2019Octa


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