Tag: canadian dollar

USDCAD is down by about 50 pips this week as traders brace for the Fed's interest rate decision and Jay Powell's comments later today....

USDCAD notched up a gain last week ahead of the Fed's interest rate decision on July 26th and the PCE index release two days...

USDCAD is down a bit this week, pressured by rising oil prices, even as the Fed is expected to raise interest rates again next...

USDCAD dipped below 1.3100 last week before the bulls managed to regroup and lift the pair to a Friday close at 1.3217. In today's...

It’s been another week USDCAD bulls would like to forget. Currently below 1.3130, the pair is down by over 150 pips since the market...

Their two-week break is over and the bears are back in USDCAD. In today's Elliott Wave update we examine their chances and identify a...

USDCAD is up two weeks in a row, but if we look more closely at the Elliott Wave structure, the bulls may have less...

USDCAD bears took a rest last week and are back in action in the first days of this one. Is the downtrend about to...

The bears' winning streak came to an end last week after USDCAD found support just under 1.3120 and finished the session at 1.3250 Friday....

USDCAD is up by a hundred pips from yesterday's low in a bullish reversal Elliott Wave analysis helped us predict in advance. What's next...

USDCAD fell for the fourth week in a row despite the Fed's hawkish comments and the sharp drop in the price of crude oil....

USDCAD is up this week after falling by nearly 500 pips over the previous three weeks. Can the bulls stage a meaningful recovery from...

The Fed tried to sound tough last week when it held rates steady, but traders didn’t buy the threats. Coupled with the stabilization in...

USDCAD fell again last week after the Fed abstained from raising interest rates again, while the Bank of Canada is still tightening. Elliott Wave...

USDCAD is down for the week so far after yesterday's CPI data strengthened the case for a pause in the Fed's tightening campaign. Is...

June is shaping up as a terrible month for USDCAD bulls as the pair plunged for the second straight week heading into FOMC. In...

USDCAD is down again as forex traders expect crude oil prices to head north soon and reestablish the inverse correlation between the two. Can...

USDCAD lost nearly 200 pips last week, observing its inverse correlation with the price of crude oil, which surged sharply the past two trading...

USDCAD bulls picked up where they left off and the pair is rising for the second week in a row. How far can it...

USDCAD surged last week, helped by a drop in crude oil prices and rising expectations for another rate hike by the Fed. Can the...

The US dollar keeps strengthening against the Canadian despite debt ceiling jitters and rising crude oil prices. How far is this rally going? Read...

USDCAD was down by over 150 pips at one point last week, but managed to recoup most of its losses and close on a...

In today's Elliott Wave update we examine how this week's initial drop in USDCAD changes its short-term outlook, if at all.

Elliott Wave Update of USDCAD – May 17th, 2023

EW Pro Forex 17 May 23

In today's Elliott Wave update we examine how this week's initial drop in USDCAD changes its short-term outlook, if...

USDCAD surged sharply last week, helped by the weakness in the price of crude oil. How much further can the pair climb before the...

USDCAD is hardly changed so far this week as forex traders brace for more inflation data to shed light on the Fed's intentions going...

CADJPY is yet another example of a currency pair producing impressive long-term gains. The rate surged from a pandemic low of 73.81 in March,...

Neither the Fed's latest rate hike nor the crash in crude oil prices could prevent USDCAD from plunging as well last week. How does...

It is not the job of a currency pair to rise 17% in a matter of months. That’s what stocks and crypto are for....

USDCAD is up sharply this week, helped by a selloff in crude oil prices and expectations for another rate hike by the Fed later...

USDCAD surged to almost 1.3670 last week, but the bulls couldn't maintain momentum and eventually lost most of their gains by Friday. Can the...