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usdcad stuck in range, supported by 50-day sma

USDCAD has been in an uptrend since March, storming to a fresh 30-month high of 1.3976 before experiencing a downside correction. Even though the pair...

December 16, 2022, 11:17 am

Elliott wave analysis of usdcad – december 12, 2022

usdcad surged sharply last week as forex traders prepare for another Fed rate hike to strengthen the gr...

December 11, 2022, 9:33 am

Usd / cad – canadian dollar gets spanked

Traders reassess dovish Fed outlook – Reserve Bank of Australia raises interest rates by 25 bps – Canadian dollar is the worst performing G-10 cur...

December 6, 2022, 9:14 pm

Usd / cad – canadian dollar attempting to rally

Risk sentiment positive in Asia, less so in Europe – Russia unhappy with G-7 oil price cap – US dollar consolidating Friday’s post NFP losses ...

December 5, 2022, 5:59 pm

Elliott wave analysis of usdcad – december 5th, 2022

usdcad surged to almost 1.3650 last week, but the bulls were stopped at an important resistance line. C...

December 3, 2022, 11:41 am

Usd / cad – canadian dollar gains lag those of g-10 majors

Markets cautious ahead of Canadian and US jobs reports – WTI underpinned by talk of a Russia seaborne oil price cap deal – US dollar remains on th...

December 2, 2022, 8:14 pm

usdcad steps on 20-sma; bears still present

USDCAD had a lukewarm start to December, barely gaining bullish traction despite taking support from the 20-day simple moving average (SMA) at 1.3394....

December 2, 2022, 12:33 pm

Usd / cad – canadian dollar drifting

China cuts reserve requirement ratio (RRR) by 25 bps starting Dec. 5 – US bond and stock markets closing early today – US dollar trading sideways ...

November 25, 2022, 2:59 pm

Usd / cad – canadian dollar gains lag g-10 currencies

FOMC minutes deemed dovish and US dollar drops – US markets closed today for Thanksgiving – US dollar opens lower, CAD underperforms ...

November 24, 2022, 3:29 pm

Usd / cad – canadian dollar consolidates losses

Rising covid cases in China boosts US dollar – Equity markets trading mixed in low volumes – US dollar opens on firm footing due to safe-haven dem...

November 22, 2022, 8:14 pm

usdcad sniffs the rising 100 hour ma and bounces on the first test

The USDCAD moved to a new session low and in the process, sniffed the rising 100 hour MA at 1.33759. The low price got with 7 pips of the MA level ...

November 22, 2022, 4:05 pm

Usd / cad – canadian dollar awaiting cpi

Canada inflation expected at 6.9% y/y in October, unchanged from September – The Donald Trump circus returns to US presidential politics – US doll...

November 17, 2022, 5:01 am

Cad / usd – canadian dollar looking for direction

European and German ZEW Survey data boost EURUSD – US dollar grinds higher overnight usdcad snapshot ...

November 17, 2022, 12:31 am

Usd / cad – canadian dollar gets its wings

Lower than expected US CPI triggers massive risk-on rally – Partial holidays in Canada and USA for Remembrance/Veterans Day – US dollar adds to ye...

November 11, 2022, 8:01 pm

usdcad struggles below 1.3300, lowest since september amid rallying oil prices and weaker usd

USDCAD drops to its lowest level since September 20 and is pressured by a combination of factors. Rallying crude oil prices underpins the Loonie and d...

November 11, 2022, 11:01 am

Usd / cad – canadian dollar catches a bid

US Mid-term election still undecided – Positive risk sentiment starting to fade – US dollar firmed overnight but still below Monday’s opening le...

November 9, 2022, 6:01 pm


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