USDCAD breaks back below the 200 hour MA in up and down session

Topside trend line stalls the rallyThe USDCAD is retesting – and now breaking below –  its 200 hour moving average currently at 1.26131. The low just reached 1.26098 on the hourly chart above.In trading both yesterday and earlier today, the price for the USDCAD pair did break below that MA, but could not stay below, which is indicative…

USD/CAD Recovery Unravels Amid Failure to Hold Above 50-Day SMA

Canadian Dollar Talking PointsUSD/CAD struggles to retain the advance from the February low (1.2468) as Federal Reserve officials show little interest in adjusting the path for monetary policy, and the exchange rate may continue to pullback from the 50-Day SMA (1.2718) as it extends the series of lower highs and lows from earlier this week.USD/CAD…

USD/CAD May Move Lower on USD Weakness Despite Crude Oil Breakdown

USD/CAD, Wall Street, AU GDP, Oil -Talking PointsUS equities fall to extend Monday’s rally despite moderating Treasury yieldsAustralian fourth-quarter gross domestic product in focus for APAC tradingUSD/CAD aims lower, but falling crude oil prices may drag on Loonie strength Recommended by Thomas Westwater Traits of Successful Traders Get…

Canadian Dollar Forecast: USD/CAD Price Hangs on Reflationary Market Sentiment

Canadian Dollar Fundamental Forecast: BullishCanadian Dollar on track to gain against the Greenback for FebruaryReflationary-driven market sentiment has helped underpin CAD pricesOil prices and global economic outlook are vital to USD/CAD prices Recommended by Thomas Westwater Traits of Successful Traders Get My GuideThe oil-linked Canadian…

USD/CAD Rate Rebound Emerges Following Bullish Outside Day Formation

Canadian Dollar Talking PointsUSD/CAD bounces back from a fresh yearly low (1.2468) after carving a bullish outside day (engulfing) candlestick formation, and the exchange rate appears to be on track to test the 50-Day SMA (1.2725) as the US Dollar appreciates on the back of waning investor confidence.USD/CAD Rate Rebound Emerges Following Bullish…

USD/CAD touches session low after strong durable goods report but oil drop reverses the move

US factory sector strongUSD/CAD continued its breakdown after US durable goods orders soared past expectations. The takeaway for Canada is that raw materials demand and the spillover from US economic growth will continue. Statistics Canada also reported that average weekly earnings in Canada grew 6.4%. That’s not as strong as it seems because so…

USD/CAD falls below 1.2500 for the first time in three years

The loonie has been quietly making its way higher in trading this yearHigher oil prices have proved to be a boon for the Canadian dollar to start the year but a weaker dollar has also exacerbated the drop in USD/CAD as of late.The pair has now fallen below 1.2500 for the first time since February 2018, as price takes out support from the April 2018…

Canadian Dollar Price Forecast: USD/CAD, CAD/JPY, CAD/CHF, EUR/CAD

Canadian Dollar, USD/CAD, CAD/JPY, CAD/CHF, EUR/CAD – Talking Points:Descending Channel guiding USD/CAD rates lower.CAD/JPY keying in on 100% Fibonacci expansion.RSI extremes hints at further gains for CAD/CHF.A Death Cross formation could intensify EUR/CAD selling pressure. The commodity-sensitive Canadian Dollar looks poised to extend gains…

USD/CAD Downtrend Resumes as Powell Calms Stock Market, Nikkei 225 at Risk

Canadian Dollar, USD/CAD, Nikkei 225, Jerome Powell, RBNZ, Stock Markets – Asia Pacific Market OpenFed Chair Jerome Powell quelled market volatility, USD/CAD extended lossesAPAC markets have the RBNZ to look forward to, will NZD/USD decline on it?Nikkei 225 may gap lower, room for losses apparent given distance to key SMA Recommended by Daniel Dubrovsky…

USD/CAD Rate Remains Vulnerable Following Break Below January Low

Canadian Dollar Talking PointsUSD/CAD clears the January low (1.2589) even as longer-dated US Treasury yields hold above pre-pandemic levels, and the commodity bloc currency may continue to outperform its US counterpart as the recent weakness in the Canadian Dollar appears to have been a correction in the broader trend rather than a change in market…

USDCAD falls to new session lows.

Trend move lower continues today The USDCAD has continued the trend move lower and is now trading at the lowest level for the day. The the pair took out the previous low...

HSBC forecast for USD/CAD is 1.22 by year end

A snippet from HSBC on the Canadain dollar Looking for it higher  USD/CAD to 1.22 by the end of 2021 HSBC cite a 'robust' fundamental case and say their forecast...

USDCAD tests trend line and 50% retracement area

The pair cracks above the 200 hour moving average and runs The better data today pushed the USDCAD above and away from its 200 hour moving average green line in the chart below).  That moving...
Close
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close