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


Dollar's rally loses steam as Treasury yields slip
Dollar's rally loses steam as Treasury yields slip

The dollar failed to extend its recent rally on Tuesday as Treasury yields slumped after a broad rise in the currency boosted by easing U.S.-China ...

Dollar touches four-month peak vs. yen as U.S.-China trade war concerns ease
Dollar touches four-month peak vs. yen as U.S.-China trade war concerns ease

The dollar gained versus the yen on Monday, after comments of U.S. Treasury Secretary Steven Mnuchin on U.S.-China trade relations triggered risk s...

U.S. dollar climbs to the top level since late December
U.S. dollar climbs to the top level since late December

The dollar index against a basket of 6 main currencies kept at 93.270 following preceding growth to 93.457, the top mark since December 22. This le...

Dollar under pressure from sagging Treasury yields
Dollar under pressure from sagging Treasury yields

The dollar’s recent rally lost its momentum on Monday with U.S. yields sliding as traders understood that the U.S. Federal Reserve is not goi...

Dollar drops most since March on weaker U.S. inflation
Dollar drops most since March on weaker U.S. inflation

The dollar wobbled below a 4-1/2-month peak versus a basket of main currencies on Friday after cool U.S. inflation figures prompted investors to cu...

Dollar steady at 4-1/2-month high ahead of U.S. consumer price data
Dollar steady at 4-1/2-month high ahead of U.S. consumer price data

The dollar was stable on Thursday after the 10-year U.S. bond yield surged above the key 3 percent level and traders awaited U.S. consumer price fi...

Dollar flat near four-month peak, all eyes on Trump's Iran decision
Dollar flat near four-month peak, all eyes on Trump's Iran decision

The dollar fluctuated not far from a four-month top on Tuesday, enjoying support from benchmark 10-year Treasury yields and upbeat perspectives for...

Dollar remains under pressure before U.S. payrolls
Dollar remains under pressure before U.S. payrolls

The dollar struggled to extend its rally versus a basket of major currencies on Friday, having slid from four-month peaks on profit-taking ahead of...

Brokers' Analytics


Murrey Math Lines 23.05.2018 (USDJPY, USDCAD)

23.05.2018USDJPY, “US Dollar vs. Japanese Yen”As we can see in the H4 chart, USDJPY is expected to test the support at the 5/8 level, rebound from it, and then resume gro...

Ichimoku Cloud Analysis 23.05.2018 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”AUDUSD is trading at 0.7540; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets ...

Ichimoku Cloud Analysis 22.05.2018 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”AUDUSD is trading at 0.7584; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets ...

FxPro Forex Analysis: FxPro Forex Analysis: USD weakens through the day yesterday

The USD weakened further overnight after the move began in the US trading session yesterday. USDJPY moved down under the 110.000 level after making a high of 111.389. The Macro backg...

FxPro Forex Analysis: US could tolerate NAFTA deadline in 2019 for the right deal.

US Treasuary Secretary Steve Mnuchin gave an interview on NAFTA over the weekend where he said that President Trump is “more determined to have a good deal than he’s worr...

Ichimoku Cloud Analysis 21.05.2018 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”AUDUSD is trading at 0.7521; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets ...

Ichimoku Cloud Analysis 18.05.2018 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”AUDUSD is trading at 0.7513; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets ...

FxPro Forex Analysis: USDCAD and GBPCAD Analysis – May 17, 2018

The Canadian Dollar (CAD) is expected to see increased volatility, as markets await resolution on the North American Free Trade Agreement (NAFTA) negotiations and the release of key ...

GuruTrade users Blogs


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.

How Does Interest Rate Affect Currency Rate and Forex Market

The interest rates issue often appears on the agenda of various media outlets and many people are already aware that this is closely related to the global economy and finance and...

Bear or Bull Market: What is the Best Choice?

In Forex trading the main factor in choosing of the trade direction is a trend.

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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