USDCAD Forecast December 7, 2015, Technical Analysis
The USDCAD pair went back and forth during the course of the day on Wednesday as we got employment numbers out of both the United States and Canada.
canadian dollar
USDCAD Daily Analysis – October 27, 2014
No changed in our view, USDCAD remains in uptrend from 1.0810 (Aug 29 low), the fall from 1.1385 would possibly be consolidation of the uptrend.
More of the same for the Canadian, but watch the Dixie! (USDCAD)
Like many of the major currency pairs at present, it’s US dollar strength which has been the primary driver over the last few weeks, and for the USDCAD, which moved firmly lower once again, the decline in the price of oil has also added further momentum to the move.
Canadian Dollar Remains Under Pressure – For The Time Being
The Canadian dollar has continued to come under heavy selling pressure once again today, driven by a resurgent US dollar, which has now broken through the key 81.30 level on the daily chart of the dollar index, to move firmly higher from this platform of support which is now in place.
USDCAD Forecast July 25, 2014, Technical Analysis
The USDCAD pair initially fell during the session on Thursday, but found enough support at the 1.07 region to turn things back around and form a hammer. Will we find particularly interesting about this market is that it seems so well supported, even as oil prices went so much higher during the day.
Currency futures round up after FOMC
With the FOMC meeting now consigned to history, and the currency markets now returning to ‘business as usual’ here is a round up for the Aussie, the British pound, the Canadian dollar and of course the euro
Quantitative Weekly FX Forecast – 30th June, 2014
Each week and calendar month, quantitative analysis is used to determine certain probable price movements which can be forecasted.
Canadian dollar under pressure on June futures
In my post of 28th May I suggested that the Canadian Dollar was approaching a key turning point as it was heavily overbought as displayed on our daily currency strength indicator on the left. Since then, the currency has indeed been selling off and for evidence of this we need to look no further than the CAD/USD June futures where this price action is clearly reflected.
Moving away from the majors – check out the Canadian dollar
With end of month approaching and national holidays across most of Europe tomorrow (Ascension Day), this may a good time to look at alternative currencies which are reaching extreme overbought
Where next for the US dollar?
Following continued bullish momentum for many of the major currency pairs, these are now approaching key technical levels, which if breached could prove to be the tipping points for some sustained and longer term trends to develop.