Forecasts & Analysis | USD/CAD, Page 1

  • Christopher Lewis
    Christopher Lewis

    USD/CAD Price Forecast January 17, 2018, Technical Analysis

    The US dollar went back and forth during the trading session on Tuesday, as we have seen the market use the 1.24 level as support. If we can break above the 1.2460 level, then I think the market probably goes to the 1.25 handle above. If we were to break

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  • Colin First
    Colin First

    USD/CAD Daily Fundamental Forecast – January 16, 2018

    The USDCAD pair continues to trade in a weak manner but the traders would be well advised to see if there is a bounce in the pair for the short term. There is a growing feeling among the traders that the weakness in the dollar that is seen across the

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  • Christopher Lewis
    Christopher Lewis

    USD/CAD Price Forecast January 16, 2018, Technical Analysis

    The United States dollar drifted a little bit lower against the Canadian dollar, breaking below the 1.2450 level. By doing so, it looks likely that we will go hunting the 1.24 level underneath, and then possibly the 1.2350 level. A fresh, new low is a very negative sign and should

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  • Tomasz Wiśniewski
    Tomasz Wiśniewski

    USDCAD pushes lower without any hestitation

    Sometimes you can hear people saying: ‘another day, another dollar’ when referring to their work duties and approach etc. On the market, we could be saying now: ‘another day, weaker dollar’. USD is recently losing ground and the beginning of the new week does not look much different. Real troubles

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  • Colin First
    Colin First

    USD/CAD Daily Fundamental Forecast – January 15, 2018

    The USDCAD pair moved lower during the course of the day on Friday and it was largely on the lines of what we have been saying over the last couple of weeks, even during times when the pair had been moving higher. We had mentioned that the pair was in

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  • Colin First
    Colin First

    USD/CAD Fundamental Analysis – week of January 15, 2018

    It was a volatile trading week in the USDCAD pair during the course of the past week. The improvement in the strength of the dollar, the incoming data from the US and Canada and the oil prices were all factors in the volatility seen in the pair during this period

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  • Christopher Lewis
    Christopher Lewis

    USD/CAD forecast for the week of January 15, 2018, Technical Analysis

    The US dollar continues to be very volatile against the Canadian dollar, as markets look very likely to go back and forth in the short term. Obviously, this is a market that is highly susceptible to what happens in the oil markets, but I think that the reality is that

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  • Christopher Lewis
    Christopher Lewis

    USD/CAD Price Forecast January 15, 2018, Technical Analysis

    The US dollar has gone sideways during the trading session on Friday, as we hover above the 1.25 handle. This is an area that of course attract a lot of attention as it is a large, round, psychologically significant number, and therefore I think there will be buyers occasionally as

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  • Colin First
    Colin First

    USD/CAD Daily Fundamental Forecast – January 12, 2018

    After promising a lot and threatening to blow through the 1.26 region, the USDCAD pair has corrected lower over the last 24 hours and it trades weakly above the 1.25 region as of this writing. We had mentioned that a combination of the dollar holding steady and the CAD on

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  • Christopher Lewis
    Christopher Lewis

    USD/CAD Price Forecast January 12, 2018, Technical Analysis

    The US dollar has gone sideways in general during the trading session on Thursday, and I believe that the 1.25 level underneath is massive support. Since we have broken above that area, I think that a fresh, new highs should send this market much higher, perhaps reaching towards the vital

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  • Anil Panchal
    Anil Panchal

    Technical Checks For USD/CAD, GBP/CAD, AUD/CAD & CAD/JPY: 11.01.2018

    USD/CADWhile inability to break 1.2415-10 horizontal-region on a daily closing basis triggered the USDCAD’s pullback, 100-day SMA level of 1.2590 seems presently restricting the pair’s up-moves. Should the pair surpasses the 1.2590 cap, it can confront the 1.2660-65 area, which if broken could help the buyers to target 50-day SMA

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  • Colin First
    Colin First

    USD/CAD Daily Fundamental Forecast – January 11, 2018

    The USDCAD pair was rocked by fundamental and political news emanating from both sides of the border and this finally resulted in the pair moving higher through the 1.25 region and now trades strong near 1.2550 as of this writing. It remains to be seen how long this bull run,

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  • Christopher Lewis
    Christopher Lewis

    USD/CAD Price Forecast January 11, 2018, Technical Analysis

    The US dollar was very volatile during the trading session on Wednesday, ultimately settling on testing the 1.25 level above. If we can break above the 1.2525 handle, the market could go much higher, perhaps turn around and rally towards the 1.29 level. However, I think that it is very

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  • Colin First
    Colin First

    USD/CAD Daily Fundamental Forecast – January 10, 2018

    The USDCAD pair continues on its recovery mode as it trades above the 1.2450 region as of this writing. This is likely to continue in the short term as the dollar manages a short term bounce. But as we have been mentioning in our forecasts over the last couple of

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  • Christopher Lewis
    Christopher Lewis

    USD/CAD Price Forecast January 10, 2018, Technical Analysis

    The US dollar drifted a little bit higher against the Canadian dollar during quiet trading on Tuesday. I still see a significant amount of resistance near the 1.25 level though, so I don’t have any interest in trying to press the issue right now. If we were to break above

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  • Colin First
    Colin First

    USD/CAD Daily Fundamental Forecast – January 9, 2018

    The USDCAD rose higher during the course of trading yesterday as the dollar steadied itself across the board. The pair continues to trade below the 1.25 region and as long as that region is not broken through again in a pretty quick manner, the dollar bulls in this pair are

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  • Christopher Lewis
    Christopher Lewis

    USD/CAD Price Forecast January 9, 2018, Technical Analysis

    The US dollar rallied a bit during the trading session on Monday, as we are starting to see a little bit of a “risk off” attitude, as the 1.25 level above is a significant barrier though, and I think it is going to be difficult to break above that level.

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  • Colin First
    Colin First

    USD/CAD Daily Fundamental Forecast – January 8, 2018

    The USDCAD continued to crash lower during the course of trading on Friday as the incoming data from the US came in lower than expected while the Canadian data came in stronger than expected and this pushed the USDCAD pair below 1.2400 for a brief while. Though the prices have

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  • Colin First
    Colin First

    USD/CAD Fundamental Analysis – week of January 8, 2018

    The bears have taken full control of the USDCAD pair as the dollar continued to weaken with lack of any respite from the bears in it. The CAD also continued to gain in strength and hold steady and this has made the pair push through the support region at 1.25

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  • Christopher Lewis
    Christopher Lewis

    USD/CAD Price forecast for the week of January 8, 2018, Technical Analysis

    The US dollar fell against the Canadian dollar immediately during the week, but found a bit of support at the 1.25 handle. Eventually though, we get the jobs number out of America failing to reach expected numbers, while the Canadian jobs number was better than anticipated. This set up a

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SymbolLast PriceChange
EURUSD
EUR/USD
1.2241
-0.0029
-0.24%
GBPUSD
GBP/USD
1.3773
-0.0023
-0.17%
XAUUSD
Gold
1335.0
-5.4300
-0.41%
CL
Crude Oil
63.705
-0.1350
-0.21%
SPX
S&P 500
2783.5
+2.5000
+0.09%
DAX
DAX 30
13143.0
-72.500
-0.55%
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