Chart of price change USD/CAD

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.


Economic news


CAD, GBP  Up on End-Month Flows; ADP Employment Report
CAD, GBP Up on End-Month Flows; ADP Employment Report

Rates as of 04:00 GMT Market Recap The FX market was largely driven by month- and quarter-end flows yesterday. These boosted CAD and GBP. The EUR/G...

Dollar Holds the Upper Hand as Recovery Doubts Creep In
Dollar Holds the Upper Hand as Recovery Doubts Creep In

The U.S. dollar edged higher on Thursday as factors ranging from rising trade tensions to fears of a second wave of coronavirus fuelled demand for ...

AUD Falls Amid Feud With China, Traders Cash in Gains
AUD Falls Amid Feud With China, Traders Cash in Gains

The Australian dollar fell nearly 2% on Tuesday after China’s education ministry warned students to carefully consider studying there amid te...

Dollar Dips as Commodity Currencies Gain on Recovery Hopes
Dollar Dips as Commodity Currencies Gain on Recovery Hopes

TOKYO (Reuters) - The U.S. dollar fell against the Antipodean currencies and the British pound after surprising improvement in U.S. labour market d...

Dollar on Back Foot as Recovery Optimism Persists
Dollar on Back Foot as Recovery Optimism Persists

The euro inched slightly lower on Tuesday as the dollar gained some strength, though the pair remained close to an 11-week high as investors mainta...

Euro, Aussie Surge to Multi-Month Highs on Recovery Hopes
Euro, Aussie Surge to Multi-Month Highs on Recovery Hopes

The euro briefly hit its strongest since mid-March on Monday and riskier currencies like the Australian dollar rallied as investors looked to posit...

Aussie Dollar Surges, Investors Focus on Economy Recovery
Aussie Dollar Surges, Investors Focus on Economy Recovery

Riskier currencies rose against the dollar on Monday as investors looked to positive signs from China’s coronavirus recovery and wagered on a...

Commodity Currencies Up on Increasing Confidence
Commodity Currencies Up on Increasing Confidence

Rates as of 04:00 GMT Market Recap A “risk off” day proves extremely negative for USD! US stocks closed up 1.23%. The S&P 500 spent...

Brokers' Analytics


Ichimoku Cloud Analysis 10.07.2020 (USDCAD, EURGBP, GBPNZD)

USDCAD, “US Dollar vs Canadian Dollar”USDCAD is trading at 1.3623; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could...

Fibonacci Retracements Analysis 09.07.2020 (AUDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”In the H4 chart, the pair is still correcting downwards after the uptrend and the divergence on MACD. However, one should note tha...

Forex Technical Analysis & Forecast 09.07.2020

EURUSD, “Euro vs US Dollar”After breaking 1.1300 to the upside, EURUSD may continue growing towards 1.1380. Later, the market may correct to reach 1.1280 and then resume ...

King Dollar rolling over in quiet trade

The market mood remains mixed as US stocks open in positive territory while European indices and the dollar are in the red. The Shanghai index added another 1.6% on the day after Mon...

Forex Technical Analysis & Forecast 08.07.2020

EURUSD, “Euro vs US Dollar”After breaking 1.1300 to the downside and starting a new correction towards 1.1250, EURUSD has reached the short-term correctional target at 1....

Murrey Math Lines 08.07.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”As we can see in the H4 chart, USDJPY is consolidating between 3/8 and 5/8. In this case, the price is expected to break 3/8 and conti...

Forex Technical Analysis & Forecast 07.07.2020

EURUSD, “Euro vs US Dollar”After breaking 1.1300, EURUSD is consolidating above it. If later the price breaks this range to the downside, the market may start a new corre...

Forex Technical Analysis & Forecast 06.07.2020

EURUSD, “Euro vs US Dollar”EURUSD is moving upwards. Possibly, the pair may reach 1.1290 and then start a new correction towards 1.1262. After that, the instrument may fo...

GuruTrade users Blogs


Bank Of Canada Cuts Rate, Loonie Slips

Some experts commented yesterday that if the Bank of Canada were to cut borrowing costs it would follow likely on the back of global incentives due to the virus spread, and less...

Forex as lifestyle. First steps to financial independence

One hears very often such terms as Forex, Forex business, earnings by Forex, he made a fortune by Forex, Forex traders, Forex market or FX-market! If you are one who is eager to find...

Most significant events for financial markets to watch this week – April 23-27

The highest number of financial reports of U.S. companies for the first quarter are due to be published this week. Such tech giants as Facebook, Amazon and Google are going to post...

Key events to watch in financial markets this week – April 16-20

This week, investors will remain cautious amid geopolitical uncertainty and trade tensions - traders will assess the situation in Syria and trade conflict between the U.S. and China.

How To Calculate Cryptocurrency Market Cap?

Many of us have heard about the cryptocurrency market capitalization. Also, many of you probably paid attention to the news headlines from the category "Bitcoin lost 10% of the...

How To Trade Bitcoin? Part 2

Bitcoin trading, taking profits on price changes. Currency symbol: BTC. Due to the exotic character of ...

How To Trade Bitcoin? Part 1

The foreign exchange market is the world’s biggest and most liquid market. And for today, the already intensive forex market expands to yet another direction, offering...

How to use U.S. dollar index in Forex trading?

The U.S. Dollar Index (often marked as DXY or USDX) is widely used in Forex. The U.S. dollar index is an indicator of the U.S. currency's strength.

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.

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