Tag: canadian dollar

The support near 1.2800 held the bearish ambitions last week and caused a rebound above 1.2960 in USDCAD. Are the bulls in charge now...

USDCAD is little changed so far this week as the pair is still bumping into the support area near 1.2900. Are the bears going...

USDCAD is once again having difficulties breaching the 1.29-1.31 resistance area. The pair dipped last week, but does this mean it is headed towards...

USDCAD is down a bit so far this week as crude oil took a sharp plunge, as well. Is the inverse relationship between the...

In a move Elliott Wave analysis helped us predict, USDCAD rose sharply last week on the back of recession fears and crude oil weakness....

USDCAD keeps rising in a move that fits nicely into our Elliott Wave count. How would today's Fed interest rate decision likely affect the...

USDCAD surged sharply last week as the strong CPI data from the US reinforced traders' hawkish Fed expectations. Can the pair finally leave the...

USDCAD keeps falling which should be no surprise given that crude oil keeps rising. None of these two trends is going to last forever,...

USDCAD lost some more ground last week as the EU's Russian oil embargo pushed crude prices sharply up again. No trend lasts forever, especially...

USDCAD respects its inverse relationship with crude oil again, as the pair is sliding this week while WTI surges. Can we expect more weakness...

USDCAD returned to the price range it has been trading in for almost a year now. Elliott Wave analysis helped us find the key...

USDCAD made a new low Monday, but remains mostly unchanged so far this week. Where is the pair headed to next and is its...

USDCAD fell last week in a correction Elliott Wave analysis prepared us for last weekend. Are the bulls getting discouraged or just taking a...

USDCAD fell below the 1.2800 mark this week, as the pair is still within the gravitational pull of the 1.2900 support-resistance area. Can the...

USDCAD reached a new 2022 high, but eventually fell and closed the second week of May almost unchanged at 1.2911. Is this a major...

USDCAD reached heights last seen in late-2020 on the back of a decline in WTI crude oil prices. How high is the pair likely...

USDCAD recovered from its post-Fed rate hike drop last week and finished above 1.2900 on Friday. Can the bulls finally breach that strong resistance...

Despite the well-known inverse relationship between USDCAD and the price of oil, the two have moved up in tandem on numerous occasions in recent...

USDCAD appears on the verge of breaking out through a major resistance area between 1.2900 and 1.3000. Can the bulls pull that off or...

Just as Elliott Wave analysis predicted, USDCAD bulls registered another good week as April drew to a close. Can they keep pushing the pair...

USDCAD is bouncing in sync with crude oil, although the inverse relationship between the two is well known. Elliott Wave analysis warned us...

USDCAD opened at 1.2614 last week and after a decline to 1.2458, shot sharply up and closed at 1.2710 on Friday. Has the uptrend...

USDCAD is down so far this week, but still safely above its last major bottom at 1.2403. Should more upside be expected as long...

USDCAD gained some ground again last week, but most traders are still unsure whether this is just a corrective recovery or the start of...

Even though crude oil is recovering, and despite its inverse relationship with USDCAD, the pair is rising, as well. How high can it go...

USDCAD initially fell last week, touching a low of 1.2403 before bouncing up sharply to close at 1.2573 on Friday. Can the bulls maintain...

USDCAD made a new low, before bouncing up again. Is this a sign that the bears might be losing their grip on the pair?...

Joe Biden's announcement that the U.S. will release a million barrels of oil a day from its strategic reserves over the next six months...

USDCAD lost some more ground over the past two trading days, despite the fact that crude oil prices fell as well. Can traders blindly...

USDCAD kept falling last week, maintaining the inverse relationship with crude oil prices. A strong support lies ahead, though. Is it strong enough to...