Tag: canadian dollar

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...

USDCAD surged to almost 1.3650 last week, but the bulls were stopped at an important resistance line. Can they return to breach it this...

USDCAD is up sharply so far this week, despite the fact that crude oil is also rising and the inverse correlation between the two....

USDCAD finished last week mostly unchanged, despite the sharp drop in crude oil prices and the inverse relationship between the two. In today's Elliott...

USDCAD is little changed since the start of the week and key invalidation level Elliott Wave analysis helped us identify is still intact. Take...

USDCAD finished last week over 130 pips higher than where it started it, but does that mean its uptrend has resumed or not? Read...

USDCAD is up slightly this week, bucking the downtrend of the past month. Is a significant recovery on the cards, though? Read in our...

USDCAD plunged last week, after lower-than-expected inflation in October strengthened the case for the Fed to slow the pace of rate hikes. Is the...

USDCAD is down so far this week, but is this a sustainable new downtrend or just a dip to buy within the still-ongoing uptrend?...

USDCAD dropped heavily last week as the surge in oil prices and the more dovish Fed combined to convince traders to sell the pair....

USDCAD is hardly changed since the start of the week as traders await today's interest rate decision by the Fed. Can the bulls return...