Tag: canadian dollar

USDCAD closed in negative territory last week amid growing expectations for a less hawkish Fed and declining crude oil prices. In today's Elliott Wave...

Despite the well-known inverse correlation between crude oil prices and USDCAD, both the commodity and the pair are down this week. Can the exchange...

USDCAD surged sharply last week helped by Jerome Powell's hawkish testimony in front of Congress and a decline in crude oil prices. What comes...

USDCAD climbed sharply yesterday after Jerome Powell reconfirmed the Fed's willingness to fight inflation until it drops back to 2%. Does this mean that...

USDCAD closed last week mostly unchanged as forex traders prepare for several pieces of February inflation data to come out in the coming days....

USDCAD keeps hovering around the 1.3600 mark as forex traders await the February non-farm payrolls data due on Friday, March 10th. How is it...

Higher January inflation raised the possibility that the Fed will keep interest rates higher for longer, sending the dollar up last week. Is the...

USDCAD keeps gaining ground helped both by higher US interest rates expectations and a drop in the price of WTI crude oil. How high...

USDCAD staged a notable recovery last week helped by a sharp drop in WTI crude oil prices and higher than expected January inflation. Can...

Yesterday's CPI for the month of January came in hotter than expected, paving the way for more rate hikes by the Fed. How is...

Russia said it would cut oil production by 500k barrels a day, sending WTI surging, which in turn, dragged USDCAD down. In today's Elliott...

USDCAD is down so far this week as higher crude oil prices and a less hawkish Jerome Powell put pressure on the US dollar....

USDCAD found support and bounced up last week following stronger-than-expected jobs and wage growth data from the US. Can the recovery continue and how...

USDCAD spiked sharply yesterday, but the bulls couldn't kickstart a meaningful uptrend and eventually gave all their gains away in short order. Can the...

USDCAD fell again to touch the 1.3300 mark last week, before closing a little higher on Friday. How much lower are the bears willing...

USDCAD is down slightly so far this week, apparently ignoring its well-known inverse correlation with crude oil prices, which also fell. In today's Elliott...

Despite the initial recovery to 1.3521, USDCAD failed to maintain the positive momentum and closed in negative territory last week. In today's Elliott Wave...

USDCAD is taking its inverse correlation with the price of oil into account so far this week, dropping while the commodity rises. Can the...

USDCAD barely held above 1.3320 after last week's US inflation report, but then recouped some of its losses to close in the vicinity of...

USDCAD barely held above 1.3350 earlier this week, but is back above 1.3430 now ahead of tomorrow's CPI report for December. Where's the pair...

Despite the well-known inverse correlation between USDCAD and crude oil prices, both the pair and the commodity plunged last week. Here's how this drop...

USDCAD is starting the year on a positive note after it gained 140 pips in just the first two trading days of 2023. How...

USDCAD fell during the last week of 2022, but still closed the year significantly higher than where it had started it. Can the rally...

Despite the well-documented inverse correlation between crude oil prices and USDCAD, both are down for the week so far.

Elliott Wave Update of USDCAD – December 28, 2022

EW Pro Forex 28 Dec 22

Despite the well-documented inverse correlation between crude oil prices and USDCAD, both are down for the week so far....

USDCAD took its inverse correlation with crude oil into account and fell last week as WTI prices rose by nearly $5 a barrel. Can...

In today's USDCAD Elliott Wave update we highlight an important support/resistance line and identify a stop-loss level.

USDCAD surged last week, helped by the Fed's renewed hawkish tone and expectations for more interest rate hikes going forward. Where are the bulls...

Yesterday's November CPI report resurrected hopes for a less hawkish Fed and dragged the dollar down as a result. USDCAD is also down for...

USDCAD surged sharply last week as forex traders prepare for another Fed rate hike to strengthen the greenback. Is there a resistance in sight?...

USDCAD is up sharply this week as renewed recession talks pushes investors towards the presumed safety of the US dollar. In our latest Elliott...