USD / CAD 대한 외환 분석

What happened? Fed has held the first meeting this year. The bank takes a wait and see approach and leaves both rates and QE pace unchanged while the debt is mounting. Analysts believe that no changes from Fed may be understood as an indirect light-tapering scenario. Higher real rates could be unvei...

So many factors have recently appeared on the market which should definitely impact USD/CAD. First of all, the important economic releases will be out soon from both Canada and the USA. The Canadian labor data in combination with the US NFP report will be published at 15:30 MT time. No doubt that th...

EUR/USD The dollar eventually softened enough to give way to the Euro: the currency pair broke through the key resistance of 1.20 recently and climbed above 1.21. Tactically, EUR/USD is now in an upswing that started in February. If that upswing makes its way through 1.22 up to 1.24 and above, it wi...

EUR/USD: back into the channel This currency pair is definitely going through fierce fluctuation. The recent rise to 1.19 followed by a plunge to 1.18 and correction confirms that. Now, EUR/USD is back at 1.1850 – that’s the downside of the core channel it’s been going through. That means it makes s...

USD/CAD remains within a downtrend. As a result, selling the pair as it turns down from resistance is the best strategy. Support lies at 1.3125. The decline below this level will confirm a top and open the way down to 1.3100/1.3085. The outlook for buyers will improve only if USD/CAD manages to rise...

USD/CAD reached levels unseen since the beginning of the year. ING considers the pair may fall further, but Bank of America warned that it may hit its bottom and reverse in the long run. Fundamentals As you may know, the Canadian dollar is positively correlated with oil prices. When the oil market i...

The pair slumped to levels unseen since January. What’s next? Fundamentals The most obvious reason why USD/CAD has dropped so much is the weak US dollar. The uncertainty over the next US fiscal stimulus package, decreasing US Treasury bond yields and the current risk-on sentiment weighed on the gree...

If the market gets confirmation that Canadian economy is doing better than the US one, which had a very bad Q2, USD/CAD will suffer. The pair is already trading within a downtrend. June lows have provided support near 1.3315, but the resistance line from the March highs is limiting the upside around...

The Canadian employment change has been released at the same time with the US PPI. The best opportunity of this week for traders! What happened? 952 900 Canadians have been hired during June. Analysts expected that only 700 000 people would find jobs. This data gave a good sign that the Canadian lab...

USD/CAD is consolidating after breaking above the bearish “wedge”. The pair has bullish dynamics since the start of June. However, it ran into the resistance of the 200-period MA on the H4. As a result, bullish trades will become preferable only if the pair breaks above the previous high at 1.3715. ...

The fundamental layout for USD/CAD suggests a continuous appreciation of the USD against the CAD. At least, this has been the case for the last 10 years, and it makes sense: in a normal state of expansion, the US economy is much stronger than the Canadian, and the latter depends on the US consumptio...

CAD will get fresh volatility after BOC statement on June 3 at 17:00 MT time. The Canadian dollar has enormously outperformed the US dollar. Just look at this swing below! USD/CAD broke through the 100-day moving average(MA). Now it’s headed towards the 200-day MA at 1.345. If it manages to break t...

USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips. The pair closed below the April-May support line and the 50% Fibo retracement of the 2019-2020 advance. As you may see on the chart, the price broke out of the consolidation range within which it had spent a coupl...

USD/CAD made big moves during the Bank of Canada’s meeting yesterday. Still, the rally may not be over yet. Canadian central bank has given the market a lot of negative fuel, so the CAD may keep losing versus the USD. This means upside for USD/CAD.  The pair has formed a bottom in the 1.2950 area ea...

Trade idea SELL 1.3190; TP1 1.3160; TP2 1.3130; SL 1.3205 USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). This is a bearish pattern, so the odds are that the pair will test lower levels. On the D1, the upside was limited by the 200-day MA, which is usually ...

Trade idea BUY 1.3230; TP 1.3275; SL 1.3215 BUY 1.3205; TP 1.3275; SL 1.3180 USD/CAD firstly formed a bullish “engulfing” candlestick on the W1 and then confirmed the upside by the following strong bullish candlestick. On the daily chart it managed to form a higher low and overcome important resista...

Trade idea SELL 1.3130; TP1 1.3100; TP2 1.3060; SL 1.3145 USD/CAD shot up this week but met the resistance of the daily MAs in the 1.3200 area. Here’s also the 50% retracement of the October advance. The further resistance levels are located on the way to 1.3228 (61.8% Fibo). On the D1, the pair for...

Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon. In this environment, the currencies of oil exporters, such as the CAD, may feel good.USD/CAD is consolidating within a triangle on H4 as it failed to get above the 100-day MA yesterday....

Trade ideas SELL 1.3150; TP 1.3120; SL 1.3165 BUY 1.3205; TP 1.3240; SL 1.3190 Last week USD/CAD was rejected on the upside: the pair failed to settle above 1.3350. Instead, it turned down breaking below the 50-week MA and all the 200-, 100- and 50-day Moving Averages on the D1. As a result, the pai...

Trade idea BUY 1.3470; TP 1.3505; SL 1.3455 USD/CAD has been trading sideways between 1.3510 and 1.3367 for the past month. Yesterday it made a sharp rebound from the bottom of this range and now may test its top. An advance above 1.3367 (March high) will open the way up to the 1.3500/10 area. The l...

Trade idea SELL 1.3430; TP 1.3395; SL 1.3445 USD/CAD met resistance in the 1.3490 area (resistance line connecting April and May highs). It fell to the middle of the trading range where it has spent the past month. On H4 and H1, we see a “triple top” between 1.3455 and 1.3490, the break to the downs...