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


Canada: Home Prices Lag, But Still on Upswing, Loonie Tumbles
Canada: Home Prices Lag, But Still on Upswing, Loonie Tumbles

Home prices in Canada declined in October for the first time for half of a year but still the positive development was maintained, according to the...

Canada Stock Futures Advance in Run-Up to Trump's Speech
Canada Stock Futures Advance in Run-Up to Trump's Speech

Canada’s main stock futures grew on Tuesday on the back of hopes for further progress signs from U.S. President regarding trade negotiations ...

Canada’s Employment Rate Frustrates; Loonie Dips
Canada’s Employment Rate Frustrates; Loonie Dips

Canada’s economy lagged to add new jobs in October, as employment market posted a stagnation, whereas jobless rate remained unchanged.

Initial Phase of Trade Deal Ready, Greenback Mixed
Initial Phase of Trade Deal Ready, Greenback Mixed

Concerns over global economic development were eased after U.S. Commerce representative said on Friday that the primary “phase one” tra...

Canada's Economy Advances 0.1% in Aug. on Industry Recovery
Canada's Economy Advances 0.1% in Aug. on Industry Recovery

Canada’s economic activity grew by 0.1 percent in August, after a halt, that was registered in the prior month amid a recovery in industrial ...

Bank of Canada Leaves Rates Unchanged; Loonie Slips
Bank of Canada Leaves Rates Unchanged; Loonie Slips

The Bank of Canada announced its decision on the interest rate by publishing fresh forecasts and giving the first public comments by represent...

Swiss Franc Slips Against Its Main Rivals on Trade Optimism
Swiss Franc Slips Against Its Main Rivals on Trade Optimism

The Swiss franc lost its weight against its main rivals, including U.S. dollar, extending its negative dynamics, while the Australian and Canadian ...

Trade Expectations Bear up Dollar; Loonie Gains
Trade Expectations Bear up Dollar; Loonie Gains

Expectations that Washington and Beijing were gaining ground to determine their exchange contest bolstered the greenback and trade-exposed Asian mo...

Brokers' Analytics


Forex Technical Analysis 22.11.2019 (USDJPY, AUDUSD, BTCUSD)

EURUSD, “Euro vs US Dollar”EURUSD is forming one more descending impulse towards 1.1047. After that, the instrument may start a new growth to reach 1.1072, thus forming a...

Ichimoku Cloud Analysis 22.11.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”AUDUSD is trading at 0.6786; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. 

USDCAD Wave Analysis – 21 November, 2019

USDCAD recently broke though the resistance trendline from the end of May – which accelerated the active impulse wave C of the ABC correction 2.

Ichimoku Cloud Analysis 21.11.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”AUDUSD is trading at 0.6796; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. 

Forex Technical Analysis 21.11.2019 (USDJPY, AUDUSD, GOLD)

EURUSD, “Euro vs US Dollar”After finishing the second descending impulse towards 1.1050, EURUSD has completed the correction at 1.1077. 

Forex Technical Analysis 20.11.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”After reaching the closest correctional target at 1.1077, EURUSD is moving downwards to reach 1.1066. 

Ichimoku Cloud Analysis 20.11.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”AUDUSD is trading at 0.6813; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. 

Murrey Math Lines 20.11.2019 (USDJPY, USDCAD)

20.11.2019USDJPY, “US Dollar vs. Japanese Yen”As we can see in the H4 chart, USDJPY is moving above 5/8. In this case, the price is expected to break 6/8 and then continu...

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

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How Does Interest Rate Affect Currency Rate and Forex Market

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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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