Tag: canadian dollar

USDCAD was on the verge of conquering 1.3600 last week, before dropping to close the trading session below 1.3500 on Friday. Can the uptrend...

Following yesterday's CPI-induced surge, USDCAD is back to the middle of the range it has been trading in since the autumn of 2022. Can...

Last week's volatility in USDCAD resulted in almost nothing as the pair closed just 8 pips lower on Friday. Can the bears achieve something...

USDCAD is trading in positive territory for the sixth straight week, but the bulls have yet to conquer the resistance near 1.3550. Can they...

Despite the initial pullback, USDCAD closed in the green last week, helped by diminished March rate cut odds after the December's strong NFP. In...

USDCAD is down slightly this week as traders brace for today's Fed decision on interest rates. In our latest Elliott Wave update we identify...

USDCAD added a fourth week to its January winning streak. In our latest Elliott Wave analysis we identify the key levels to watch for...

USDCAD is up for the fourth week in a row ahead of Friday's US core inflation data and next week's Fed decision on interest...

USDCAD bulls looked very determined at one point last week when they climbed above 1.3540, before losing momentum and over 110 pips. Can the...

Dashed rate cut hopes coupled with languishing crude oil prices have helped push USDCAD higher for the third week in a row. Is this...

USDCAD gained for the second straight week despite improving chances that the Fed would cut interest rates as soon as March. The pair is...

USDCAD is rising for the second week in a row as forex traders prepare for tomorrow's release of US inflation numbers for December. In...

USDCAD surged last week as stronger-than-expected US labor market data weakened the case for aggressive rate cuts in 2024. In today's Elliott Wave analysis...

USDCAD is up in the first couple of days of 2024, but can the bulls really be relied on after a streak of three...

USDCAD spent the entire 2023 in a range between 1.3900 and 1.3100, before closing at 1.3252 on the final trading day of the year....

USDCAD is down again this week as its inverse correlation with the price of crude oil seems to have finally returned. Is there a...

Lower PCE inflation led traders to believe the Fed might lower rates by more than expected in 2024, which dragged USDCAD down last week....

USDCAD is down again this week and already trading within the support area near 1.3300. Can it fall straight through it or should we...

USDCAD plunged last week after the Fed kept rates unchanged and declared its intentions to pivot to as many as three rate cuts in...

USDCAD is slightly up this week, but it is the Fed's rate decision and Jay Powell's commentary later today, which can make or break...

USDCAD finished in the green for the first time in four weeks after strong labor data implied that the Fed might take its time...

USDCAD is attempting to stage a comeback after three weekly trading sessions in the red. In today's Elliott Wave update we identify the key...

The well-known inverse correlation between USDCAD and crude oil seems to be no longer at work as the two have been falling in tandem...

Falling treasury yields are dragging USDCAD down with them as forex traders no longer expect the Fed to keep raising interest rates. Is there...

November is shaping up as a bad month for USDCAD bulls, who suffered losses in three of the last four weeks. Can they turn...

Despite the numerous ups and downs, USDCAD is practically unchanged since the beginning of the week, hovering around 1.3720. In today's Elliott Wave update...

USDCAD closed in negative territory last week after inflation data for October made it even less likely for the Fed to raise rates again....

Lower-than-expected October inflation put rate cuts on the horizon for 2024 and dragged USDCAD sharply down yesterday. Is there a support in sight for...

The second week of November was nothing like the first for USDCAD as the forex pair surged by over 140 pips. Can the bulls...

USDCAD is up sharply this week, but is it safe to rejoin the bulls now, or is this just a corrective rally before the...