Currency pair USDCAD includes two currencies: US dollar and Canadian dollar. This pair is included in the top ten pairs in the Forex market. USD is the most known world currency, which is subject to the comprehensive influence of various factors, keep track of which is not the easiest task. Therefore, it is necessary to use Forex calendar more precisely to predict changes of dollar price. CAD is a commodity currency, which is subjected to a great influence of oil. Therefore, to foresee a change of this currency rate rather simply. Usually, this couple is chosen by traders who trade on the news and have the opportunity to learn how the oil prices change timely.
According to the reports for PPI and Retail Sales in the U.S., Producer prices experienced a jump and retail sales were reported to grow. The U.S. ...
According to the Gross Domestic Product (GDP) report yesterday, Britain’s economy returned to growth in January after entering a shallow rece...
Unemployment-related benefits (Claimant Count) are higher (for February 2024 period ) than previous and with lower average earnings reported. The u...
Winners vs Losers The week just started with pairs showing moderate volatility. The USD recovered a bit after a heavy fall last week. The USDJPY is...
Canada added a net 7K jobs in February, double the expected gain as data showed on Friday, while wage growth slowed for a second consecutive month....
The European Central Bank (ECB) kept borrowing costs at record highs with the decision to hold all three key rates steady, saying it had made good ...
The Bank of Canada (BoC) kept its key overnight rate steady at 5% as expected saying underlying inflation is still high and no cuts are considered ...
According to the ISM report yesterday, the S. services industry growth slowed a bit in February. The ISM said its non-manufacturing PMI slipped to ...
XAUUSD, “Gold vs US Dollar” Gold is rising within the bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Se...
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the lower boundary of the Cloud. The instrument is going inside the Ichimoku Cloud, which suggests si...
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes remain in the overbought area on H4. The RSI is approaching the resistance line. In this situation, a test of +1/8 (150....
XAUUSD, “Gold vs US Dollar” Gold is rebounding from the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test...
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are in the overbought area on H4. The RSI has rebounded from the resistance line. In this situation, a breakout of 8/8 (...
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the support level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A tes...
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting after a rebound from the support. The instrument is going below the Ichimoku Cloud, which suggests a downt...
USDCHF, “US Dollar vs Swiss Franc” USDCHF has found a foothold under the Tenkan-Sen line. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A t...
Using a currency pair USDCAD in trading, it will be useful for a trader to watch the behavior of such trading instruments as EURUSD, GBPUSD and USDJPY. As it is possible to call these trading instruments, indicators of USDCAD pair price movement as their change influences the national currency rate of Canada.
Trading this currency pair, it is worth paying attention to already accurately created levels, which are a reference point for traders when carrying out the analysis. Similar historical levels serve the trader as the good help for determination of points of the opening of an order. It should be noted that active rate movement on this currency pair is reached at the American trading session, it is caused by that Canada and the United States of America live practically on one time and between them are established rather close commercial ties.