USD/CAD

[martyn]

USDCAD is currently moving up with high volatility to the level of 1.40385, MACD shows the market still have a strong upward trend, so the market is still expected will move up to the level of 1.40647.

[martyn]

USDCAD is currently moving down with medium volatility to the level 1.38418, MACD shows the market still have a strong downtrend, so the market is expected will moving down to the level of 1.37614.

[martyn]

Currently the USDCAD is moving up with high volatility until the level of 1.39838, MACD shows the market still have a strong upward trend, so the market is still expected will move up to the level of 1.40055.

[David-Trader]

USDCAD - 25.08.2016

The USD/CAD pair inched higher on Thursday as solid U.S. data and lower oil prices supported dollar bulls ahead of global central bankers gathering in Jackson Hole.

Investors await clues from Jackson Hole on the U.S. interest rate outlook, with the focus on Fridays keynote speech by Federal Reserve Chair Janet Yellen.

As long the pair trades above strong support zone located at 1.2866 levels, the ongoing bullish trend for the pair is set to continue in the short term.

The currency pair is trading around 1.2933 levels, it is expected to reach 1.2960 levels and 1.3000 levels in the short term.

The immediate support can be seen at 1.2905, break below this level will expose the pair to next support level at 1.2866.

Major resistance can be seen at 1.2972, break above this level will expose it towards 1.3020 levels.

Resistance Levels

R1: 1.2938 (38.2% Retracement level)

R2: 1.2972 (23.8% Retracement level)

R3: 1.3020 (July 18th high)

Support Levels

S1: 1.2905 (50% Retracement level)

S2: 1.2866 (61.8% Retracement level)

S3: 1.2800 (Psychological levels)

[mirza ally]

USD/CAD maintain Bullion bias with focus on 1.3000 levels


The USD/CAD pair inched higher on Thursday as solid U.S. data and lower oil prices supported dollar bulls ahead of global central bankers gathering in Jackson Hole.

Investors await clues from Jackson Hole on the U.S. interest rate outlook, with the focus on Fridays keynote speech by Federal Reserve Chair Janet Yellen.

As long the pair trades above strong support zone located at 1.2866 levels, the ongoing bullish trend for the pair is set to continue in the short term.

The currency pair is trading around 1.2933 levels, it is expected to reach 1.2960 levels and 1.3000 levels in the short term.

The immediate support can be seen at 1.2905, break below this level will expose the pair to next support level at 1.2866.

Major resistance can be seen at 1.2972, break above this level will expose it towards 1.3020 levels.


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Mirza
PCM Brokers DMCC

[SuperForex]

General Analysis

Due to the release of news about Donald Trump's presidential election in America all basic quotes started losing their positions against the US dollar significantly, the USD/CAD included.

The last four trading days have passed with a big increase for the current trading instrument and the price has successfully broken through the upper boundary of the price channel 1.3530-1.3150 in which it was moving for the last three months.

There are no big resistance levels near the price right now. The nearest level is located at 1.3670 and it was formed long time ago - in February this year.

The Stochastic indicator show us the prevalence of a decline in the USD/CAD and gives a clear signal to buy.


The Next Few Days

Considering all of the above signals, we recommend going long on the USD/CAD currency pair with target points on profit-taking 1.3670 and 1.3780.

Th uptrend is still preserved as the top of the upward trend has still not been formed. There is a possibility of a short-term correction but after the results of the latest news from the Americas the general direction for the currency pair USD/CAD is upward.

[David-Trader]

USDCAD Technical Levels - 15.05.2017

USDCAD hits 2-week lows. Technically, USDCAD next immediate resistance above at 1.3666, 1.3700 and 1.3739 levels.
Downside support at 1.3595, 1.3542 and 1.3506 levels.
Trend overall looking slightly bullish at the moment.

[Ricard Dorman]

Well; from 1.30189 to 1.26671 was a range and market broken this range quite comfortable! This is why, now my bias is only sell opportunity here! If market retest the 1.26671 level that would be my 1^st choice for sell trade! Otherwise, I need to wait until it breaks the upcoming support level 1.2124.

[Vichu]

USD/CAD - extends the 1.29 handle, US GDP looming for Friday


TheUSD/CAD has had a quiet Asia session, trading(1.2835)
USD/CAD managed to reverse its USD-bullish direction in Wednesday's trading and knock back away from the 1.2900 level which the USD/CAD has made a straight line for since bottoming near 1.2525.
The CAD developed some aggressively confident momentum, but wasn't able to continue the push into Thursday after the Bank of Canada's Governor Poloz testified in the Candian Parliament. Poloz didn't cover any new material and, while he remains upbeat about the economy, he did highlight several key weak points that the CAD will struggle to overcome, namely low oil prices suppressing both the CAD and economic growth, as well as uncertainty surrounding the current NAFTA renegotiations.
Thursday is a quiet showing for the USD/CAD, but Friday will be bringing US preliminary GDP figures at 12:30 GMT, and annualized QoQ GDP is expected at 2.3%, a decline from the previous reading of 2.9%.

[Vichu]

USD/CAD- sidelined above -1.2800 ahead of busy US-data

The USD/CAD is trading at around 1.2834 down 0.30% on Friday.
Earlier in the week Bank of Canada’s Governor testified before a parliamentary committee.He was optimistic about economic conditions.He says that he was seeing the economy picking up after a slowdown in the first quarter of the year.Analysts expect a rate hike in May.
The Fed is in a hiking rate cycle. TRhe BoC is forecast to hike in May, explains the range between 1.2810 and 1.2900 range this week.
The USD strength stemming from rising bond yields was not really felt against the CAD.On Friday, the US Gross Domestic Product and the quarterly readings of the Personal Consumption Expenditure came above expectations.
Next week will be an important week in the US with the FOMC meeting on Wednesday.
The Non-Farm-Payroll on Friday while Monday will see the favorite inflation indicator of the Fed, the Personal Consumption Expenditure (PCE)