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 retreats from 11-month peak; sterling firm after BOE meeting
Dollar retreats from 11-month peak; sterling firm after BOE meeting

The dollar fell from an 11-month high versus a basket of major peers on Friday as traders took profits after the currency’s recent rally, whi...

Dollar firms as trade tensions linger
Dollar firms as trade tensions linger

The dollar was stable versus a basket of major currencies on Wednesday, as risks triggered by worries over a worsening trade relations between the ...

Dollar tumbles, U.S.-China trade row remains in focus
Dollar tumbles, U.S.-China trade row remains in focus

The dollar dropped versus the safe haven yen and Swiss franc on Tuesday after U.S. President Donald Trump’s intentions to impose additional t...

Dollar steady near seven-month high, though trade worries cap gains
Dollar steady near seven-month high, though trade worries cap gains

The dollar climbed towards a seven-month top on Monday as traders bet the United States and China would avoid a full-fledged trade war, although te...

Euro shows big reaction to ECB meeting, heading for worst week in 19 months
Euro shows big reaction to ECB meeting, heading for worst week in 19 months

The euro was on course for its worst weekly decline in 19 months following cautious European Central Bank's approach to roll back its easy-mone...

Dollar inches up, investors eye Fed's two-day policy meeting
Dollar inches up, investors eye Fed's two-day policy meeting

The dollar traded a three-week peak versus the yen and was stable against the euro on Wednesday, with the U.S. central bank virtually guaranteed to...

Dollar enjoys rise on good signals from Trump-Kim summit
Dollar enjoys rise on good signals from Trump-Kim summit

The dollar climbed to almost a three-week peak versus the yen on Tuesday after U.S. President Donald Trump and North Korean leader Kim Jong Un held...

Euro surges ahead of ECB meeting
Euro surges ahead of ECB meeting

The euro inched up on Monday as investors awaited the European Central Bank’s policy meeting on Thursday for when and how it would end asset ...

Brokers' Analytics


Commodity currencies continue to come under pressure

The USD faltered slightly today, but not against other American currencies as it surged yet again against the CAD to extend for the 4th day in a row. US data today was a mixed bag wi...

USD surges on retail data, Yen also in focus

The USD has surged against all the major currencies today on the back of robust economic data following yesterdays interest rate rise. US retail sales m/m came in strong at 0.8% (0.4...

Ichimoku Cloud Analysis 14.06.2018 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”AUDUSD is trading at 0.7549; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets ...

Daily analytical report (13/06/18)

Today FX traders are waiting with bated breath for the Fed's interest rate decision, statements, and economic projections. The USD is gaining momentum, and on few instruments, th...

Murrey Math Lines 13.06.2018 (USDJPY, USDCAD)

13.06.2018USDJPY, “US Dollar vs. Japanese Yen”In the H4 chart, USDJPY is expected to test the resistance at the 8/8 level, rebound from it, and then resume falling to rea...

Ichimoku Cloud Analysis 13.06.2018 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”AUDUSD is trading at 0.7573; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets ...

Daily analytical report (12/06/18)

Today, we should receive very reliable trading signals for three setups, yet we are still awaiting breakouts. The USDCAD pair is locked inside an ascending triangle pattern, so we ar...

Ichimoku Cloud Analysis 12.06.2018 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”AUDUSD is trading at 0.7613; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets ...

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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