USD/CAD forecast for December 11, 2020
Looking at the chart on the weekly time frame, we see that the bearish scenario dominates and has good potential to continue…
USD/CAD forecast for 27 November
When we first look at the chart on the weekly time frame, we notice that the USD/CAD pair fell below all three moving averages…
Which currency pairs are correlated in the Forex market?
Have you ever thought about which currency pairs are correlated nowadays? Are you familiar with the term…
USD/CAD forecast for November 25, 2020
Following the chart, we see that the USD/CAD pair is testing support at 1.30000 for the third time, which is also the…
USDCAD forecast for 13 November 13, 2020
In the last few days, the dollar has consolidated after the election and the news about the new vaccine's success against…
USD/CAD forecast for November 10, 2020
The USD/CAD pair found current support just above 1.30000, returning within the Bollinger bands. If the last candlestick…
USD/CAD forecast for November 09, 2020
Looking at the chart, we see that the USD/CAD pair will soon test the previous low at 1.29900-1.30000. Here one should pay…
The USD/CAD currency pair on October 29, 2020
The USD/CAD has potential for above 1.34000. Yesterday, the Bank of Canada confirmed an unchanged interest rate of…
USD/CAD testing levels 1.32300
Due to global concerns and the spread of coronavirus and a possible lockdown again by many countries, Falling oil prices are giving…
USD / CAD again above 1.32000
After the postponement of the financial stimulus for suppressing the impact of Coronavirus on the economy, the dollar gained strength…
Hedging in Forex - What is it and how to use it?
If you’re into Forex trading and foreign exchange in general, have you ever thought about what Hedging is? Why is…
BREAKING DOWN Base Currency
In the dynamic world of forex trading, understanding the concept of a base currency is fundamental. When you delve into trading…
USD/CAD in the red zone
The previous attempt to move the dollar in a positive direction for this pair was on September 29, and since then, there has been a…
USD/CNH Bearish, USD/CAD Another Test Support Zone
USD/CNH bearish
Looking at the chart and following the bottom trend line and fibo levels we have a rejection…
USD/CAD and USD/CHF on October 15, 2020
Have a look on how did the United States Dollar performs!
USD/CAD
USD/CAD we go up again. After the good economic news…