Forecasts & Analysis | USD/CAD, Page

  • Colin First
    Colin First

    CAD Gains as US Dollar Stagnates Over Mixed Signals from FOMC Members

    The USDCAD pair is currently trading in Loonie’s favor with price moving around 1.27 handle and consolidating around 1.2785 to 1.2744 during majority of Asian market hours. Canadian market was closed on Monday on account of Victoria Day and US markets had very little trigger to push it forward. An

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  • Christopher Lewis
    Christopher Lewis

    US dollar falls slightly against Canadian dollar to open the week

    The US dollar has fallen a bit during the trading session on Monday, reaching towards the 50 simple moving average on the hourly chart. The impulsive candle from Friday has been retraced about halfway, but when I look at the hourly chart I suspect that we may be forming a

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  • Colin First
    Colin First

    USD/CAD Fundamental Analysis – week of May 21, 2018

    The USDCAD moved higher towards the end of the week after having spent much of the past week chopping around the 1.28 region. The region around 1.28 had seen a lot of activity over the past week as the bulls and the bears in the pair fought it out in

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  • Christopher Lewis
    Christopher Lewis

    US dollar rallies against the Canadian dollar for the week

    The US dollar has initially pulled back to the week only to find support at the 1.2750 level. We have since reached towards the top of the shooting star, and I think that if we were to break above that shooting star, it would be a sign that we could

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  • Christopher Lewis
    Christopher Lewis

    US dollar rallies against Canadian dollar during Friday session

    The US dollar has rallied significantly during the trading session on Friday, reaching towards the 1.29 level before struggling. It looks likely that we will continue to see this market jump around, because the factors that are moving this market are a bit contradictory. The oil markets have been rallying

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  • Colin First
    Colin First

    USD/CAD Looking Ahead to an Important Day

    The eyes of the market for today is likely to be firmly on the CAD with a string of data being scheduled to be released from Canada later in the day. The USDCAD is likely to be highly impacted during this time and it is important that the traders do

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  • Christopher Lewis
    Christopher Lewis

    US dollar rallies against Canadian dollar from major support

    The US dollar has rallied significantly from the 1.2750 level, an area that has been supportive more than once. I believe that bouncing from there is a very bullish sign, and I think that holding that as support is something that was necessary. I think that if we can break

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  • Colin First
    Colin First

    USDCAD on Bearish Slump Post Negative EIA Data

    The pair has erased gains made earlier this week as the price falls below 1.28 handle. Despite USD gaining momentum against major currencies it has fallen against Loonie twice in last two weeks. A modest retreat of the US dollar post mixed macro data outcome on Wednesday pushed the USD/CAD

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  • Christopher Lewis
    Christopher Lewis

    US dollar falls against Canadian dollar after lower oil inventory numbers

    The US dollar has fallen during the trading session on Wednesday against the Canadian dollar as oil inventories reported lower than expected numbers. This of course is bullish for oil, which by extension is bullish for the Canadian dollar. We fell as low as 1.2770 initially before bouncing slightly, and

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  • Anil Panchal
    Anil Panchal

    Important CAD Pairs’ Technical Overview: 16.05.2018

    USD/CADNotwithstanding the USDCAD’s latest pullback, the pair has multiple supports on the downside that together indicate buyers’ strong favor for the Loonie. If we talk about the south, the pair has 1.2805-1.2800 as immediate support, breaking which an upward slanting TL, at 1.2760, and the 1.2730-25 could try disappointment Bears.

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  • Colin First
    Colin First

    Loonie Caps Greenback’s Bull Run with Support from Crude Oil

    The USD/CAD pair maintained its positive tone throughout European session but saw its momentum cut short during later half of American market hours. The pair then saw slight downtrend movement but managed to stay above 1.28 price handle. The pair reached as high as 1.29237 during European session as USD

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  • Christopher Lewis
    Christopher Lewis

    US dollar breaks higher against Canadian dollar

    The US dollar has rallied significantly during the trading session on Tuesday, breaking above the 1.29 handle. By doing so, it looks as if we are going to make another attempt at the 1.30 level, but we have got a bit overextended during the day. I think that a short-term

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  • Colin First
    Colin First

    Greenback Gains Ground Against Loonie Ahead of US Retail Sales Data

    The US dollar is up today. The buck is currently making its biggest gains versus the Japanese yen and the Canadian dollar. Yesterday, the US dollar was weak during European trading hours thanks to a rebound in the euro. Later in the day, the dollar made gains following speeches from

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  • Christopher Lewis
    Christopher Lewis

    US dollar drifts a bit lower against Canadian dollar on Monday

    The US dollar has drifted a bit lower during the trading session on Monday, reaching towards the 1.2750 level again. I think that if we break down below the 1.27 handle, the market is very likely to go down to the 1.25 level next. Otherwise, if we break above the

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  • Colin First
    Colin First

    USDCAD Shows Signs of Reversal as Trading Session Opens For the Week

    Canadian dollar made considerable gains last week as Oil price crossed over $70 and US dollar lost its momentum owing to soft macro economic data release. However Loonie saw some of its gain erased owing to profit booking activities and a worse than expected Employment data. While US macro data

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  • Colin First
    Colin First

    USD/CAD Fundamental Analysis – week of May 14 2018

    The USDCAD pair fell hard during the course of the week after having pushed higher earlier in the week. This led to some choppy trading during the week but ultimately, the bears seemed to have taken control of the pair and the pair finished lower during the week and we

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  • Christopher Lewis
    Christopher Lewis

    US dollar initially rallies but then fails for the week against Loonie

    Obviously, the crude oil markets will make its impression on the Canadian dollar, so if they continue to show signs of strength I anticipate that this market will probably break down through the 1.2750 level and extend down to the 1.25 handle. There is a major uptrend line just below,

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  • Christopher Lewis
    Christopher Lewis

    US dollar falls against the Canadian dollar only to rally again

    The US dollar fell during the trading session on Friday, dipping below the 1.2750 level, showing signs of life yet again as we have rallied a bit, perhaps reaching towards the 1.28 level. If we can break above that level, the market should continue to go higher, perhaps reaching towards

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  • Colin First
    Colin First

    USDCAD – Loonie Gains Momentum Post Disappointing US inflation Data & Boost in Oil Price

    USDCAD has been on steep bearish decline for last two trading sessions. The Canadian dollar continues to improve and posted considerable gains yesterday. In the North American session, USD/CAD was trading at 1.2770 down 0.66% on the day. On the release front, yesterday’s focus was on inflation indicators on both

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  • Christopher Lewis
    Christopher Lewis

    US dollar falls against the Canadian dollar again on Thursday to test a major support

    The US dollar fell during the session on Thursday, reaching down towards the vital 1.2750 level that has previously been so important for traders. I think that as we have seen this area being important, I think that paying attention to this pair of the next 24 hours will be

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SymbolLast PriceChange
EURUSD
EUR/USD
1.1778
-0.0010
-0.08%
GBPUSD
GBP/USD
1.3434
+0.0005
+0.04%
XAUUSD
Gold
1291.5
-0.7100
-0.05%
CL
Crude Oil
72.125
-0.3850
-0.53%
SPX
S&P 500
2725.2
-5.7500
-0.21%
DAX
DAX 30
13157.0
+23.000
+0.18%
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