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Forecasts & Analysis | USD/CAD

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Christopher Lewis
2 days ago

USD/CAD forecast for the week of March 1, 2017, Technical Analysis

The USD/CAD pair broke out during the week, clearing the 1.36 handle. This is a major development, and it now looks as if the market is going to continue to go much higher. I believe that the 1.40 level above will be targeted, and then eventually the 1.45 handle. If oil markets fall apart, that … Continue reading USD/CAD forecast for the week of March 1, 2017, Technical Analysis

Christopher Lewis
2 days ago

USD/CAD Forecast May 1, 2017, Technical Analysis

The USD/CAD pair initially rally during the day on Friday, but found enough resistance at the 1.37 level to turn around and form a resistive looking candle. I believe that a market dropping from here will probably look for support at the 1.36 handle. Alternately, a supportive candle should be a buying opportunity, and the … Continue reading USD/CAD Forecast May 1, 2017, Technical Analysis

Colin First
2 days ago

USD/CAD Daily Fundamental Forecast – April 28, 2017

The USDCAD pair finally seems to be free from the burden that was the 1.35 region for the pair and with the burden no longer there, it has been floating upwards over the last few days. The 1.35 region had been a very strong resistance for the pair over the last few months and we … Continue reading USD/CAD Daily Fundamental Forecast – April 28, 2017

Christopher Lewis
3 days ago

USD/CAD Forecast April 28, 2017, Technical Analysis

The US dollar has been very volatile against the Canadian dollar during the Thursday session. Initially rallying due to the idea that the US could be leaving the NAFTA agreement, but then turning right back around as President Trump suggested that it wasn’t going to happen right away. Ultimately, oil started falling, and that put … Continue reading USD/CAD Forecast April 28, 2017, Technical Analysis

Colin First
4 days ago

USD/CAD Daily Fundamental Forecast – April 27, 2017

The USDCAD pair has assumed a very volatile stance over the last few days as the news from the US seems to be coming in thick and fast with twists and turns almost on a daily basis and all this news seems to be affecting the CAD directly. In this mix, we have the weak … Continue reading USD/CAD Daily Fundamental Forecast – April 27, 2017

Christopher Lewis
4 days ago

USD/CAD Forecast April 27, 2017, Technical Analysis

The USD/CAD pair initially tried to rally during the session but continues to find the 1.36 level to be far too resistive. Because of this, looks like we are to pull back a little bit as oil markets rallied. I think the 1.35 level underneath will be supportive, so I would look for buying opportunities … Continue reading USD/CAD Forecast April 27, 2017, Technical Analysis

Colin First
5 days ago

USD/CAD Daily Fundamental Forecast – April 26, 2017

The CAD was clearly on the backfoot yesterday and this helped the USDCAD pair to easily push through 1.35 and then 1.36 and move as high as 1.3626 during the course of the day yesterday. But later in the day, we saw the oil prices begin to strengthen and this helped the CAD to recover … Continue reading USD/CAD Daily Fundamental Forecast – April 26, 2017

Christopher Lewis
5 days ago

USD/CAD Forecast April 26, 2017, Technical Analysis

The USD/CAD pair rally during the day on Tuesday, breaking above the 1.36 handle. This is a very bullish sign and now frees this market to reach much higher. If we can break above the top of the range for the session, the USD/CAD pair should now look for the 1.45 handle over the longer … Continue reading USD/CAD Forecast April 26, 2017, Technical Analysis

James Hyerczyk
5 days ago

USD/CAD Daily Fundamental Forecast – April 25, 2017

Traders continued to push the USD/CAD higher on Tuesday in reaction to yesterday’s decision by the U.S. government to impose tariffs on Canadian exports of softwood lumber. According to Reuters, U.S. Commerce Secretary Wilbur Ross said on Monday that anti-subsidy tariffs averaging 20 percent would be imposed, affecting $5 billion worth of imports of softwood … Continue reading USD/CAD Daily Fundamental Forecast – April 25, 2017

Christopher Lewis
6 days ago

USD/CAD Forecast April 25, 2017, Technical Analysis

The USD/CAD pair initially fell during the day on Monday, but turned around to form a hammer like candle. As oil sold off, the Canadian dollar of course did as well. That being the case, looks as if we’re going to continue to try to break above the 1.35 level above. Once we do, we … Continue reading USD/CAD Forecast April 25, 2017, Technical Analysis

Colin First
6 days ago

USD/CAD Daily Fundamental Forecast – April 24, 2017

USDCAD tried to make its way through the 1.35 region on Friday but was largely unsuccessful. This rise was due to the fall in the oil prices which broke through the important support region at around the $50-$50.5 mark and this was enough to weaken the CAD which depends on the oil prices a great … Continue reading USD/CAD Daily Fundamental Forecast – April 24, 2017

Colin First
7 days ago

USD/CAD Fundamental Analysis – week of April 24, 2017

USDCAD had a pretty strong week after beginning the week well within range and looking to consolidate. It was only towards the middle and the end of the week that the pair finally managed to break through the difficult resistance around the 1.34 region and was able to make some progress towards the crucial 1.35 … Continue reading USD/CAD Fundamental Analysis – week of April 24, 2017

Christopher Lewis
9 days ago

USD/CAD forecast for the week of April 24, 2017, Technical Analysis

The USD/CAD pair initially fell during the week but found enough support at the 1.3250 level to turn things around and form a very impulsive looking green candle. If we can break above the 1.36 handle, we are then free to go much higher, possibly as high as 1.45. Because of this, this might be … Continue reading USD/CAD forecast for the week of April 24, 2017, Technical Analysis

Christopher Lewis
9 days ago

USD/CAD Forecast April 24, 2017, Technical Analysis

The US dollar rallied against the Canadian dollar during the session on Friday, breaking above the 1.35 handle again. Ultimately, I believe that this market does go higher but it is probably going to be volatile. It will need some help from the oil markets, and other words oil needs to fall but it appears … Continue reading USD/CAD Forecast April 24, 2017, Technical Analysis

Colin First
9 days ago

USD/CAD Daily Fundamental Forecast – April 21, 2017

USDCAD continues to trade near its range highs as the pair is still undecided on which direction it wants to take as it sits in the higher echelons. Over the last 24 hours, the pair made a brief peek towards 1.3500 but it was promptly beaten back. We had mentioned in our forecast yesterday that … Continue reading USD/CAD Daily Fundamental Forecast – April 21, 2017

Christopher Lewis
10 days ago

USD/CAD Forecast April 21, 2017, Technical Analysis

The USD/CAD pair rallied at the open on Thursday, but found the 1.35 level to be resistive enough to turn the market around. Because of this, I think that the market is going to look for buyers underneath, and at the first signs of a supportive candle I’m willing to go long. I would also … Continue reading USD/CAD Forecast April 21, 2017, Technical Analysis

Colin First
11 days ago

USD/CAD Daily Fundamental Forecast – April 20, 2017

USDCAD continues to move higher and higher towards the 1.35 region where it is likely to run into a lot of selling, as we have seen over the past few months. After spending days and weeks within a small 150-200 pip range, the bulls have finally managed to move the pair decisively through 1.3400 and … Continue reading USD/CAD Daily Fundamental Forecast – April 20, 2017

Christopher Lewis
11 days ago

USD/CAD Forecast April 20, 2017, Technical Analysis

The USD/CAD pair broke higher during the day after oil markets tumbled. The 1.35 level should be resistance, but I think we will break above it given enough time. If we can break above there, we will then test the 1.36 handle and they move above there really gets the ball rolling. At that point, … Continue reading USD/CAD Forecast April 20, 2017, Technical Analysis

Colin First
11 days ago

USD/CAD Daily Fundamental Forecast – April 19, 2017

USDCAD continued to see a tussle between the bulls and the bears and this has been going on for a couple of weeks now and there has been no clear winner in this battle so far. While on some days, the bears hold the upper hand which results in the pair moving towards the support … Continue reading USD/CAD Daily Fundamental Forecast – April 19, 2017

Christopher Lewis
12 days ago

USD/CAD Forecast April 19, 2017, Technical Analysis

The USD/CAD pair broke out to the upside during the day on Tuesday, breaking the top of the hammer from Monday. We look as if we are ready to continue the consolidation, and that means that the 1.3450 level should offer a significant amount of resistance. Short-term pullbacks could calm, especially considering that today is … Continue reading USD/CAD Forecast April 19, 2017, Technical Analysis

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