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
The dollar hovered near a five-month low versus major peers on Thursday as investors looked to U.S. inflation data and a European Central Bank meet...
The dollar hovered near five-month lows on Tuesday as investors waited for euro zone inflation data and a U.S. manufacturing survey, while the yuan...
The rates scream “holiday market.” With the UK and US on holiday today, it appears that traders decided to knock off early on Friday an...
Rates as of 04:00 GMT Market Recap It was Europe day in the FX market yesterday. I’ve added NOK and SEK to the trade-weighted indices table t...
Rates as of 05:00 GMT Market Recap It’s always surprised me that the market keeps reacting to the same news over and over again, as if it&rsq...
Powell’s speech yesterday and the FOMC’s official post-meeting commentary suppressed speculations of early QE tapering and rate hikes. ...
The dollar was pinned near a one-month low to major peers on Monday, with Treasury yields hovering near the lowest in five weeks, after the U.S. Fe...
Rates as of 05:00 GMT Market Recap Not much worth writing about in the FX market today! Very small movements except in AUD and NZD. It seems that t...
Brokers' Analytics
EURUSD, “Euro vs US Dollar”EURUSD is trading at 1.2123; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate t...
USDJPY, “US Dollar vs. Japanese Yen”In the H4 chart, USDJPY is trading above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the price is...
EURUSD, “Euro vs US Dollar”EURUSD is trading at 1.2100; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate t...
AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, a convergence on MACD made the pair the correctional downtrend at 61.8% fibo and start a quick risi...
USDCAD, “US Dollar vs Canadian Dollar”USDCAD is trading at 1.2109; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could...
USDJPY, “US Dollar vs. Japanese Yen”As we can see in the H4 chart, USDJPY is trading above the 200-day Moving Average, thus indicating an ascending tendency. In this case...
AUDUSD, “Australian Dollar vs US Dollar”As we can see in the daily chart, AUDUSD is starting a new correctional downtrend after a divergence on MACD towards 23.6%, 38.2%,...
EURUSD, “Euro vs US Dollar”EURUSD is trading at 1.2105; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate 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.