Forex Analysis for USD/CAD

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Oil, NAFTA, trade wars: any chances for the CAD?
Oil, NAFTA, trade wars: any chances for the CAD?
In recent weeks, the Canadian dollar has been highly volatile. The currency was recognized as the worst-performing Group-of-10 currency in the first quarter. The unstable oil market, the unsolved NAFTA deal, and continuing trade wars put a great pressure on the loonie. Let’s take a closer look at th...
7
Technical analysis of USD/CAD for June 01, 2018
Technical analysis of USD/CAD for June 01, 2018
Overview: Pivot: 1.2961.The USD/CAD pair will continue to rise from the level of 1.2914. The support is found at the level of 1.2914, which represents the 61.8% Fibonacci retracement level on the H1 chart. The price is likely to form a double bottom. Today, the major support is seen at 1.2914, while...
1
Technical analysis of USD/CAD for May 31, 2018
Technical analysis of USD/CAD for May 31, 2018
Technical Outlook :Our all downside target which we predicted in yesterday's analysis have been hit. The pair remains on the downside, capped by its falling 50-period moving average. Furthermore, the relative strength index is bearish below its neutrality area at 50, without showing any reversal sig...
0
Global macro overview for 31/05/2018
Global macro overview for 31/05/2018
The Bank of Canada kept interest rates at the current level (1.25%), but the prospects for future tightening were outlined in a more pronounced language. The Bank of Canada removed "cautious" from the monetary policy statement, suggesting a slightly less data-dependent approach to policy normalizati...
1
Technical analysis of USD/CAD for May 30, 2018
Technical analysis of USD/CAD for May 30, 2018
Technical Outlook :USD/CAD is expected to trade with a bearish outlook. The pair broke below its lower boundary of Bollinger Bands, indicating the downside acceleration. Both bearish 20-period and 50-period moving averages should push the prices lower. The relative strength index broke below its ove...
1
Fundamental Analysis of USD/CAD for May 30, 2018
Fundamental Analysis of USD/CAD for May 30, 2018
USD/CAD recently broke above 1.2950 resistance area with a daily close after impulsive bullish non-volatile pressure. This week is going to be quite volatile and interesting for this pair as high impact economic reports and events are going to be held in the US and Canada this week, including CAD Ov...
1
The growth of the world economy is under threat
The growth of the world economy is under threat
Political instability in Italy and Spain continues to exert pressure on European investors, as well as on the rate of the European currency.The coming to power of a coalition of Eurosceptics in Italy called into question the existence of this country within the European Union. On this wave, investor...
0
USD/CAD analysis for May 29, 2018
USD/CAD analysis for May 29, 2018
Recently, the USD/CAD pair has been trading upwards. The price tested the level of 1.3023. According to the H1 time – frame, I found a rejection of the support trendline, which is a sign that selling looks risky and that buyers are in control. I also found a broken bullish flag pattern in the backgr...
1
USD/CAD: bulls are making conditions
USD/CAD: bulls are making conditions
Recommendation: BUY 1.2920 SL 1.2865 TP1 1.302 TP2 1.316 TP3 1.327 On the daily chart, USD/CAD bulls are trying to lead the pair out of 1.272-1.3 range within “spike and ledge”. If they succeed, advance towards 1.3270-1.3295 convergence area (127.2 and 200% targets of AB=CD) will likely continue.   ...
1
Technical analysis of USD/CAD for May 29, 2018
Technical analysis of USD/CAD for May 29, 2018
Overview:The USD/CAD pair will continue to rise from the level of 0.2961. The support is found at the level of 1.2914, which represents the 61.8% Fibonacci retracement level on the H1 chart. The price is likely to form a double bottom. Today, the major support is seen at 1.2914, while immediate resi...
2
USD/CAD rising inside the minor impulse wave (iii)
USD/CAD rising inside the minor impulse wave (iii)
USD/CAD rising inside the minor impulse wave (iii) Next buy target - 1.3130  USD/CAD has been rising in the last few trading sessions inside the minor impulse wave (iii), which started earlier from the support zone lying between the key support level 1.2760 and the lower daily Bollinger Band. The ac...
0
Daily analytical report (25/05/18)
We’ve finally got a decent correction on oil. WTI is going down for the fourth day in a row and in the meantime, the price broke the lower line of the channel up formation and the mid-term upwards trend line. The next target for this drop is the horizontal support at 66.1 USD/bbl. The second commod....
1
Trading plan for 25/05/2018
Trading plan for 25/05/2018
Although Trump canceled the meeting with Kim, the leaders of North Korea expressed their readiness to talk at night. This slightly improves the sentiment on the market, primarily allowing the USD/JPY to break the several-day series of falls. The dollar is gaining minimal today for other major curren...
0
USD/CAD Rectangle Consolidation Above Ascending Trend Line
USD/CAD Rectangle Consolidation Above Ascending Trend Line
Source: Admiral Markets MT5 with MT5SE Add-onThe USD/CAD has been consolidating within the rectangle range above M L3 pivot point. Consolidation is also between the W L3 and H3 above the ascending trend line, so I assume the price is still bullish. 1.2760-1.2787 is the POC zone and we might expect a...
5
Fundamental Analysis of USD/CAD for May 23, 2018
Fundamental Analysis of USD/CAD for May 23, 2018
USD/CAD has been correcting itself below the 1.2950 area, from where it is expected to push lower in the coming days. The market is currently quite volatile and indecisive, whereas both currencies in the pair are struggling with the mixed economic reports recently.Ahead of the FOMC Meeting today, US...
0
Technical analysis of USD/CAD for May 23, 2018
Technical analysis of USD/CAD for May 23, 2018
Overview: The USD/CAD pair rose from the level of 1.2728 towards 1.2867 for a long term. The current price is set at 1.2870. On the H1 chart, the resistance is seen at the levels of 1.2894 and 1.2939. Besides, the weekly support 1 is seen at the level of 1.2791. Today, the USD/CAD pair is continuing...
0
Technical analysis and trading recommendations for the USD/CAD currency pair as of May 22, 2018
Technical analysis and trading recommendations for the USD/CAD currency pair as of May 22, 2018
The USD/CAD currency pair has returned again to the value of 1.2748, which reflects the local lows of May 17. The recent impulse movement still did not give confidence to the "bears", and the value of 1.2748 stopped the quotation again. The value of 1.2748 is most likely the upper bound of the range...
1
USD/CAD: the fights around 1.28
USD/CAD: the fights around 1.28
Recommendation: BUY 1.2920 SL 1.2865 TP1 1.3020 TP2 1.3160 TP3 1.3290 SELL 1.2730 SL 1.2785 TP1 1.2630 TP2 1.2570 TP3 1.2000 On the daily chart of USD/CAD, there’s a “Spike and ledge” pattern. A successful test of the lower border of the 1.2730-1.2920 consolidation range with the following renewal o...
1
Technical analysis on USD/CAD for May 22, 2018
Technical analysis on USD/CAD for May 22, 2018
I warned yesterday that a break back inside the cloud and below 1.2830 will open the way for a move towards 1.2770-1.2730. The USD/CAD got rejected by the trend line resistance and reversed below the 4-hour Ichimoku cloud. Price is now again above crucial support.Blue line - resistance trend lineYel...
0
Technical analysis of USD/CAD for May 21, 2018
Technical analysis of USD/CAD for May 21, 2018
The USD/CAD pair, although it has broken above the 4hour Ichimoku cloud, is trading on top of the resistance trend line and the price has not broken above the May 15th high yet, in order to start a new sequence of higher highs and higher lows. Therefore, there is still a chance that this bounce will...
0
Technical analysis of USD/CAD for May 18, 2018
Technical analysis of USD/CAD for May 18, 2018
Overview: Pivot point: 1.2862.The USD/CAD pair has risen from the level of 1.2728 towards 1.2867 this week. Now, the current price is set at 1.2870. On the H1 chart, the resistance is seen at the levels of 1.2894 and 1.2939. Besides, the weekly support 1 is seen at the level of 1.2791. Today, the US...
0
Fundamental Analysis of USD/CAD for May 16, 2018
Fundamental Analysis of USD/CAD for May 16, 2018
USD/CAD has been quite impulsive with the bullish gains which lead the pair to reside inside the price range of the 1.2800-1.2900 area. Despite the mixed economic reports on the USD published recently, it gained good momentum due to worse economic report on the CAD. Ahead of the upcoming CPI and Co....
1
Technical analysis of USD/CAD for May 16, 2018
Technical analysis of USD/CAD for May 16, 2018
(Disclaimer) *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Performed by Arief Makmur, Analytical expertInstaForex Group © 2007-2018 Source: https://www.instaforex.com...
1
Technical analysis of USD/CAD for May 16, 2018
Technical analysis of USD/CAD for May 16, 2018
Overview:The USD/CAD pair has risen from the level of 1.2728 towards 1.2867 this week. Now, the current price is set at 1.2870. On the H1 chart, the resistance is seen at the levels of 1.2894 and 1.2939. Besides, the weekly support 1 is seen at the level of 1.2791. Today, the USD/CAD pair is continu...
1
USD/CAD: bulls showed weakness
USD/CAD: bulls showed weakness
Recommendation: SELL 1.2730 SL 1.2785 TP1 1.263 TP2 1.256 TP3 1.2 On the daily chart of USD/CAD, the inability of bulls to break above resistance at 1.2920 pointed at their weakness. If the pair leaves the uptrend channel, this will increase the odds of a “Butterfly” pattern with a target at 127.2%....
1
The depreciation of the dollar may be temporary
The depreciation of the dollar may be temporary
On Friday, the US dollar stopped declining. However, its dynamics against major currencies turned out to be mixed. In general, the dollar index, reflecting its ratio to the basket of currencies, declined, demonstrating such dynamics for the second consecutive day.As previously indicated, after the d...
1
USD/CAD Inverted Head and Shoulders in 4 Hour Timeframe
USD/CAD Inverted Head and Shoulders in 4 Hour Timeframe
Technically speaking, the USD/CAD has been in a downtrend in 4h timeframe, but at this point it is looking a bit supported. The pair has formed two POC zones. The POC 1 1.2705-1.2720 ( W L3, 61.8, M L3, right shoulder) is the interim support zone and the bounce is expected as long as the price holds...
5
The dollar declined, but for how long?
The dollar declined, but for how long?
Published on Thursday, data on consumer inflation in the US proved to be a good reason for fixing the previously received profits. However, it should be noted that they did state the fact of the presence of inflationary pressure, which remained in annual terms.According to the presented data, the CP...
0
Oil's rise: where is the ceiling?
It is well-known that Middle East tensions support the oil’s rise. On May 8, US president Mr. Trump announced the US would withdraw from the Iran nuclear deal and re-impose sanctions on the country. Note: the nuclear deal was established in 2015 to make Iran reduce its nuclear activities and, as a r...
0
Oil rise: where is the ceiling?
It is well-known that Middle East tensions support the oil’s rise. On May 8, US president Mr. Trump announced the US would withdraw from the Iran nuclear deal and re-impose sanctions on the country. Note: the nuclear deal was established in 2015 to make Iran reduce its nuclear activities and, as a r...
0
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