CADUSD=X - CAD/USD
| Previous Close | 0.75 |
| Open | 0.75 |
| Bid | 0.751 |
| Day's Range | 0.75 - 0.751 |
| 52 Week Range | 0.7284 - 0.7821 |
| Ask | 0.751 |
- FX Empire
USD/CAD Daily Forecast – 1.3344 Fibo Level Acting as a Critical Resistance
On the weekly chart, the USD/CAD pair was heading upwards, targeting the center line of the Bollinger Bands. Today, traders can take a back seat as the economic calendar lacks significant USD-specific and CAD-specific events.
- FX Empire
USD/CAD Daily Forecast – Bulls Awaiting the Critical US July Housing Data
US July Housing Market data releases would remain as the critical point of interest for traders today. On the daily chart, the Loonie pair was heading to the south side, recalling the Death Cross of mid-July.
- FX Empire
PMI Numbers Sink the Kiwi, with Trade War Chatter in Focus
With economic data on the lighter side in the day ahead, trade war chatter will continue to be the driving force…
- FX Empire
U.S. Dollar Index Futures (DX) Technical Analysis – August 15, 2019 Forecast
Based on the early price action, the direction of the index the rest of the session is likely to be determined by trader reaction to the short-term 50% level at 97.840.
- FX Empire
USD/CAD Daily Forecast – Overbought RSI Playing its Role, Pleasing Bears
After taking a bounce off from the 2:1 Gann line earlier this month, the USD Index was underway to sustain a strong positive trend. Bulls appeared to stay in the lead on the daily chart.
- FX Empire
USD/CAD Daily Forecast – 1.3181/1.33 Range Disallowing Either Moves
The economic calendar stays quite light on Wednesday in terms of USD/CAD-impacting economic events. Crude dropped following API Crude data report revealing mounting US Crude Inventories.
- FX Empire
USD/CAD Daily Forecast – 1.33 Psychological mark Confining Near-term Upside
On the 4H Chart, the Loonie pair appeared to travel well above the Green Ichimoku Clouds, sustaining the near-term positive trend. On the Crude side, Saudi stays underway efforts to boost the commodity’s price with the IPO of Aramco.
- FX Empire
USD/CAD Daily Forecast – Overhead Resistance Cluster Blocking Upside
The economic calendar stays lightly weighted amid lack of substantial economic events throughout the day. On the weekly chart, the bulls seem to step down as the pair has broken below a 2:1 Gann line.
- FX Empire
Forex Daily Recap – UK GDP Declined, Pushing GBP to Multi-Year Lows
The Chinese Yuan pair continued to stay sustained within a multi-month uptrend channel. Canadian currency slipped following disappointing Jobs data thereby allowing the Loonie pair to climb fresh heights.
- FX Empire
USD/CAD Daily Forecast – 4H Chart Showing Golden Cross Formation
After a long time, the market will witness some CAD-specific economic data releases today. On the hourly chart, though the price actions remained in the lower vicinity of the Bollinger Bands, the pair was heading to the north.
- FX Empire
Economic Data Puts the Spotlight on the GBP. Will It Be Sink or Swim?
Looking at the day ahead, it’s a busy day for the Pound, with a heavy economic calendar to provide direction. Geopolitics will also remain in focus.
- FX Empire
The Glorious Sound of Ringing In Decent Profits
Don’t be fooled by the apparent indecision in some currency pairs while we see the others moving to fresh 2019 extremes.
- FX Empire
U.S. Dollar Index Futures (DX) Technical Analysis – Strengthens Over 97.510, Weakens Under 97.230
Based on the early price action and the current price at 97.475, the direction of the September U.S. Dollar index the rest of the session is likely to be determined by trader reaction to the intermediate 50% level at 97.510 and the intermediate Fibonacci level at 97.230. Inside this zone are three Gann angles at 97.260, 97.365 and 97.450. Holding inside this zone is likely to lead to a choppy two-sided trade.
- FX Empire
USD/CAD Daily Forecast – Bulls Aiming 1.3589 to Justify the Rising Wedge
On the weekly chart, the USD/CAD bulls appeared to roll up sleeves and head north side. Weekly Jobless Claim data releases stay at the top in the trader’s daily event watchlist.
- FX Empire
The RBNZ – Panic Stations or Foresight?
Did the RBNZ change the monetary policy landscape in the region, with its aggressive rate cut and forward guidance? Will the RBA follow suit?
- FX Empire
USD/CAD Daily Forecast – Bulls Resiliently Hovering Near Multi-Month Top
On the event front, the Canadian July Ivey Purchasing Managers Index s.a. data release might attempt to tweak the pair’s daily movements. On the hourly chart, the USD/CAD pair was resiliently moving upward, staying close to the 1:1 Gann line.
- FX Empire
USD/CAD Daily Forecast – Bulls Aiming the Base Line of Ichimoku Clouds
During the Asian trading session, the Greenback was testing the 23.6% Fib Retracement level or 97.64 level. On the hourly chart, the buyer side seemed less interested as the RSI was pointing towards 46.19 levels.
- FX Empire
After a Busy Asian Session, Geopolitics Remains the Key Driver
With the U.S labeling China as a currency manipulator, the trade war just morphed into a currency war. There’s plenty of vol…
- FX Empire
USD/CAD Daily Forecast – Key Focus over Escalating US-Sino Trade Tensions
As per the monthly chart, the bulls might overtake the bears in the long run. On the daily chart, the Loonie pair was making upside moves, aiming the overhead Red Ichimoku Clouds.
- FX Empire
The USD Takes a Hit as Trade War Jitters Bite. Can Stats Save the Day?
The U.S Dollar slides early as the markets continue to reel over Trump’s latest tariff tweets. The stats will need to be impressive to shift focus…
- FX Empire
USD/CAD Daily Forecast – Sturdy 1.3238 Resistance Forbidding the Bulls
On the 4-Hour Chart, the 50-day SMA had crossed and moved above the significant 200-day SMA, making a “Golden Cross”.
- FX Empire
Trump Rocks the Markets as the Focus Shifts to Nonfarm Payrolls
Nonfarm payrolls and wage growth will need to be impressive to offset negative sentiment stemming from Trump’s latest tariff threat…
- FX Empire
USD/CAD Daily Forecast – Cup-and-Handle Pattern might soon Drag Down the Pair
Today, the Greenback continued to move resiliently upwards and was trading near 98.87 level in the morning session. On the hourly chart, the USD/CAD was struggling to make breakthrough above the 1:1 Gann Line.
- FX Empire
The BoE and Manufacturing PMIs to Drive the Majors
The Dollar finds early support following a more hawkish than expected rate cut. Manufacturing PMIs and the BoE are in focus later in the day.
- FX Empire
USD/CAD Daily Forecast – Bulls might Retest the 1.3200 mark, ahead of Fed Rate Cut
The primary focus of the market remains over the Fed rate cut decision scheduled at around 18:00 GMT. On the Weekly Chart, the Loonie pair was underway recovery.
