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 slips as U.S. and China agree on tariffs
Dollar slips as U.S. and China agree on tariffs

The dollar fell on Monday as demand for riskier assets increased after China and the U.S. have agreed to a temporary truce in the trade dispute.

Dollar advances as trade tensions are likely to continue
Dollar advances as trade tensions are likely to continue

The dollar was stable on Tuesday as fresh worries about the trade tariff dispute between the U.S. and China provided support to safe harbor currenc...

Dollar drifts lower due to strength in its major peers
Dollar drifts lower due to strength in its major peers

The dollar index .DXY edged lower to 96.46 on Friday. A popular gauge has been sliding for two straight trading sessions from a 16-month peak of 97...

Dollar pulls back though set to strengthen further
Dollar pulls back though set to strengthen further

The U.S. dollar retreated from a 16-month peak on Wednesday as traders took profits amid surge in the euro and the pound.

Dollar holds gains on hawkish Fed
Dollar holds gains on hawkish Fed

The dollar climbed against its major rivals on Friday as the U.S. Federal Reserve held interest rates unchanged but confirmed its monetary tighteni...

Euro, pound try to recover; Italy budget, Brexit in focus
Euro, pound try to recover; Italy budget, Brexit in focus

The euro and sterling were stable versus the dollar on Monday as traders cautiously waited for news on Brexit talks as well as Italy’s budget...

Dollar stronger on Fed outlook, Aussie rises on solid jobs numbers
Dollar stronger on Fed outlook, Aussie rises on solid jobs numbers

The dollar was steady versus major currencies on Thursday after minutes of the U.S. Federal Reserve’s last policy meeting showed policymakers...

Dollar wobbles at October lows as Wall Street hurts sentiment
Dollar wobbles at October lows as Wall Street hurts sentiment

The U.S. dollar dipped to its lowest level in October versus its major counterparts on Friday as sliding U.S. treasury yields and further declines ...

Brokers' Analytics


Ichimoku Cloud Analysis 14.12.2018 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”AUDUSD is trading at 0.7178; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets cou...

Ichimoku Cloud Analysis 11.12.2018 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”AUDUSD is trading at 0.7206; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets cou...

Ichimoku Cloud Analysis 07.12.2018 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”AUDUSD is trading at 0.7218; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets cou...

Murrey Math Lines 05.12.2018 (USDJPY, USDCAD)

05.12.2018USDJPY, “US Dollar vs. Japanese Yen”As we can see in the H4 chart, USDJPY has rebounded from the support at the 5/8 level and may resume growing towards the res...

Ichimoku Cloud Analysis 05.12.2018 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”AUDUSD is trading at 0.7288; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets cou...

Ichimoku Cloud Analysis 03.12.2018 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”AUDUSD is trading at 0.7360; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets cou...

Ichimoku Cloud Analysis 30.11.2018 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”AUDUSD is trading at 0.7310; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets cou...

Ichimoku Cloud Analysis 29.11.2018 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”AUDUSD is trading at 0.7315; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets cou...

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?

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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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