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Canadian Dollar Technical Forecast: USD/CAD Rips on Trump Tariffs

USD/CAD surged to fresh yearly highs as Trump threatens a 25% tariff on Canada- bulls vulnerable into major resistance. Battle lines drawn on the weekly technical chart.

Canadian Dollar Technical Forecast: USD/CAD 1.4000 Test After 4-Year Highs

USD/CAD tested above a major level last week of 1.4000, which hadn’t traded in more than four years. So far this week sellers have sunk price back below that level, but can they hold it into week and month-end?

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Canadian Dollar Short-term Outlook: USD/CAD Trump Rally Unravels

The Trump rally failed at technical resistance last week with a two-day plunge testing the first line of defense. Battle lines drawn on the USD/CAD short-term charts.

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Canadian Dollar Technical Forecast: USD/CAD Bulls Eye Resistance

USD/CAD snapped a five-week winning streak with the November opening-range now poised for a breakout post-US elections. Battle lines drawn on the weekly technical chart.

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Canadian Dollar Short-term Outlook: USD/CAD Trump Rally Faces Fed

USD/CAD erased the early-week sell-off with the Trump rally now poised for a test of technical resistance. Battle lines drawn on the short-term charts into the Fed.

Canadian Dollar Technical Forecast: USD/CAD Bulls Go For the Break

USD/CAD is attempting a fifth weekly advance the bulls threatening a major breakout today. Battle lines drawn on the weekly technical chart.

Canadian Dollar Short-term Outlook: USD/CAD at Resistance- BoC on Tap

The USD/CAD rally has stalled at resistance ahead of tomorrow’s Bank of Canada rate decision. Battle lines drawn on the short-term technical charts.

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Bank of Canada (BoC) Rate Decision Preview (OCT 2024)

The BoC is expected to boost its efforts in normalizing monetary policy, with the central bank anticipated to reduce the benchmark interest rate by 50bp in September to 3.75% from 4.25%.

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By : David Song
October 22, 2024 03:18 PM
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    Canada Consumer Price Index (CPI) Preview (SEP 2024)

    Canada’s CPI is projected to slow for the fourth consecutive month in September, with the headline reading seen falling to 1.8% from 2.0% per annum in August.

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    By : David Song
    October 14, 2024 04:15 PM

      Canadian Dollar Technical Forecast: USD/CAD Bulls Charge Resistance

      The US Dollar is surging for a second week with a 1.6% rally in USD/CAD now approaching pivotal resistance. Battle lines drawn on the weekly technical chart.

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      Canadian Dollar Short-term Outlook: USD/CAD Bulls Charge Ahead of NFP

      The USD/CAD recovery is approaching initial resistance hurdles ahead of tomorrow’s US employment report. Battle lines drawn on the short-term technical charts.

      Canadian Dollar Technical Forecast: USD/CAD September Rally Unravels

      A Canadian Dollar offensive is underway with USD/CAD erasing the September rally post-Fed. Bears eyeing key support. Levels that matter on the weekly technical chart.

      Canadian Dollar Technical Forecast: USD/CAD Bulls Eye Resistance

      Canadian Dollar is on the defensive for a third week with USD/CAD rallying nearly 2% off the yearly low. The levels that matter on the weekly technical chart.

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      Forex Friday: DXY and USD/CAD in focus

      In this week’s edition, we discuss the dollar and its impressive rally and the Canadian dollar.

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