Daily Trading Signals by Exness - USD/CAD

[Exness Support]

30.07.2014 10:10 USDCAD
USDCAD: pair attempts to renew yesterday's maximum of 1.0866

Buy on a level breakthrough of 1.0866 with 1.0950 target. Stop loss = 1.0816.

Reason for the trading strategy.

Today, market participants' attention will be drawn not only to the assessment of US GDP for Q2 of 2014, but also to the decision of the US Federal Reserve on the key interest rate and QE3 asset purchases program. Moreover, a statement by J. Yellen on inflation and future growth rates of the US economy can significantly increase the volatility of the Loonie. On a level breakthrough of 1.0866, it is worth considering buying the world's reserve currency.

USDCAD, Daily

 

[bellafx]

daily free forex signals|外匯信號|فاریکس سگنل |Форекс сигнал|wetalktrade
Thursday, 31 July6:14:08 a.m(GMT + 0:00)
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#CHFJPY SELL
SELL - 112.985
SL-113.297
TP1-112.844
TP2-112.711
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[Exness Support]

03.09.2014 9:09 USDCAD
The Loonie is consolidating before the meeting of the Bank of Canada

Buy on rebound from 1.0880 level with 1.0940 target. Stop loss = 1.0830.

Reason for the trading strategy.

Today at 2:00 PM GMT, the decision by the Bank of Canada on the key interest rate in the country will be published. It is expected that the rate will remain unchanged at a level of 1.00%. Taking into account the overpurchased USDCAD pair, opening new long positions should be considered from a support level of 1.0879.

USDCAD, H4

 

[Exness Support]

11.09.2014 10:10 USDCAD
USDCAD: consolidation before the publication of the house price index in Canada

Buy on rebound from 1.0933 level with 1.1031 target. Stop loss = 1.0870.

Reason for the trading strategy.

Today at 12.30 GMT, the house price index for Canada will be published. In May, this figure is expected to grow by 0.2% (m/m), which may provide some support to the "Loonie" cross rates. From a technical point of view, a likely testing of the 1.0933 support level by the USDCAD pair should be used to open long positions.

USDCAD, H4

 

[Exness Support]

10.10.2014 9:09 USDCAD
USDCAD: consolidation before the publication of statistics on Canada's labor market

Buy on a level breakthrough of 1.1200 with 1.1260 target. Stop loss = 1.1150.

Reason for the trading strategy.

The falling prices for WTI crude oil to $ 84, today, will put pressure on the Canadian currency.
Meanwhile, the hope for a less intensive weakening of the loonie ensures the expectations of Canada's employment growth by 18.7 thousand persons in September.

USDCAD, H4

 

[Exness Support]

15.10.2014 9:09 USDCAD
USDCAD: growth against the background of falling oil prices

Buy on rebound from 1.1272 level with 1.1384 target. Stop loss = 1.1220.

Reason for the trading strategy

These days, the Looney is having a hard time against the background of the falling WTI oil prices. Nevertheless, given the significant overbought condition of the USDCAD pair, opening new long positions can be considered above the 1.1272 support level.

USDCAD, H4

 

[Exness Support]

28.10.2014 9:09 USDCAD
USDCAD: consolidation above the 1.1200 support level

Sell on a level breakthrough of 1.1194 with 1.1078 target. Stop loss = 1.1250.

Reason for the trading strategy

Over the last week, the Loonie continued to trade in a narrow range, consolidating just above the support level of 1.1200. The low prices for WTI crude oil do not allow the Canadian dollar to develop an offensive against its US counterpart. From a technical point of view, the breakdown of 1.1200 support will serve as a signal to close long positions in the US dollar.

USDCAD, H4

 

[Exness Support]

29.10.2014 10:10 USDCAD
USDCAD: under pressure amid rising prices for WTI

Sell on a level breakthrough of 1.1148 with 1.1078 target. Stop loss = 1.1200.

Reason for the trading strategy

The rising prices for WTI crude oil from 79,20 to 81.70 dollars per barrel still allowed the Loonie seize the initiative from the US dollar. From a technical point of view, the breakdown of 1.1148 support will signal the opening of the regular short positions in the world's reserve currency.

USDCAD, H4

 

[Exness Support]

21.11.2014 9:09 USDCAD
USDCAD: consolidation before the publication of the consumer price index in Canada

Buy on a level breakthrough of 1.1367 with 1.1467 target. Stop loss = 1.1300.

Reason for the trading strategy

The price rise for WTI crude oil to $76 a barrel raised the expectations of buyers of the Canadian currency. Today, attention should be paid to the publication of the Consumer Price Index in Canada. In the case this figure declines, the USDCAD pair may again resume its growth.

USDCAD, H4

 

[Exness Support]

26.11.2014 7:07 USDCAD
The Loonie is trying to strengthen before tomorrow's OPEC meeting

Sell on level breakthrough of 1.1231 with 1.1190 and 1.1122 targets. Stop loss = 1.1280.

Reason for the trading strategy

Before tomorrow's OPEC meeting, the Canadian dollar is still attempting to strengthen against the US dollar. In addition to a possible increase in oil prices, factors such as increased inflationary pressure and a high level of retail sales in Canada support the demand for the Loonie.

USDCAD, H4

 

[Exness Support]

02.12.2014 8:08 USDCAD
USDCAD: under pressure against the background of a recovery in oil prices

Sell on level breakthrough of 1.1311 with 1.1200 and 1.1122 targets. Stop loss = 1.1380.

Reason for the trading strategy

The rising prices for WTI crude oil from 64.0 to 68.5 dollars per barrel have supported the Loonie. Meanwhile, there is no need to talk about a sustainable recovery in oil prices yet. However, in winter, the demand for fuel is likely to increase and, consequently, for the currencies of commodity exporters.

USDCAD, Daily

 

[Exness Support]

USDCAD
Dec. 18, 2014, 07:23

Sell on a level breakthrough of 1.1600 with 1.1500 target. Stop loss = 1.1650.

Reason for the trading strategy

Over the past week, the oil and petroleum products reserves in the United States decreased by 0.8 million barrels. The oil prices reacted to this news with a rapid growth, supporting the commodity currencies. Opening long positions in the USDCAD pair is worth considering if it breaks the 1.1600 level.

USDCAD, H4

 

[Exness Support]

USDCAD
Dec. 19, 2014, 08:53

Sell on a level breakthrough of 1.1560 with 1.1500 target. Stop loss = 1.1610.

Reason for the trading strategy

Today at 13.30 GMT, the consumer price index and the volume of retail sales in Canada will be published. The expected reduction in these indicators may put pressure on the Loonie. Meanwhile, the stabilization of prices for WTI crude oil around the $55 mark has provided significant support for commodity currencies.

USDCAD, H4

 

[Exness Support]

USDCAD
Jan. 13, 2015, 10:18

Buy on a level breakthrough of 1.1977 with 1.2051 target. Stop loss = 1.1920.

Reason for the trading strategy

The falling prices for WTI crude oil to $45 per barrel have put pressure on the currencies of the Petroleum Exporting Countries, as well as on the Loonie. From a technical point of view, buying the USDCAD pair should be considered at the break through of the 1.1977 resistance level.

USDCAD, H4

 

[Exness Support]

USDCAD
Jan. 29, 2015, 10:31
Buy on rebound from 1.2495 level with 1.2684 target. Stop loss = 1.2440.

Reason for the trading strategy

Over the past week, the oil and petroleum products in the United States increased by 8.9 million barrels with a forecast of +4.2 million. The news caused a reduction of prices for the black gold and weakened the currencies of the commodity exporter countries. In the medium term, we expect the USD/CAD to grow to the 1.2684 level.

USDCAD, Daily

 

[Exness Support]

USDCAD
Feb. 6, 2015, 10:02
Sell on a level breakthrough of 1.2351 with 1.2123 target. Stop loss = 1.2420.

Reason for the trading strategy

The rise in prices for WTI crude oil of up to 51.6 dollars per barrel allowed the Loonie to seize the initiative from its US counterpart. Today, at the time of the publication of data on the US and Canada's labor markets, a rise in volatility of the USD/CAD pair is likely.

USDCAD, H4

 

[Exness Support]

USDCAD
April 10, 2015, 09:57
Buy on a level breakthrough of 1.2627 with 1.2776 target. Stop loss = 1.2570.

Reason for the trading strategy

Today at 12.30 GMT, the labor market statistics in the UK will be published. In March, employment is expected to decline by 0.5 thousand and the unemployment rate is expected to rise from 6.8% to 6.9%. The statistics is likely to put pressure on the Loonie.

USDCAD, H4

 

[Exness Support]

USDCAD
April 16, 2015, 10:51
Sell on a level breakthrough of 1.2245 with 1.2113 target. Stop loss = 1.2320.

Reason for the trading strategy

The Bank of Canada has kept its benchmark interest rate unchanged at 0.75%. The regulator has reviewed the GDP forecast for 2015 from 2.1% to 1.9%, increasing it from 2.4% to 2.5% for to 2016. In the short term, the low oil prices will put pressure on the business activity. Meanwhile, starting from the second quarter of 2015, the GDP growth rate in Canada will gradually increase. According to the regulator, further monetary easing will not be required.

 

[Exness Support]

The USDCAD pair is approaching the support level of 1.2089
USDCAD
April 24, 2015, 10:12
Sell on a level breakthrough of 1.2089 with 1.2000 target. Stop loss = 1.2140.
Reason for the trading strategy
The rise in WTI crude oil prices to 57.7 dollars per barrel and weak US macroeconomic statistics put pressure on the USDCAD pair. At the level breakthrough of $1.2089, opening short positions in the pair should be considered.
USDCAD, H4

 

[Exness Support]

USDCAD
May 8, 2015, 10:41
Buy on a level breakthrough of 1.2203 with 1.2306 target. Stop loss = 1.2150.

Reason for the trading strategy

Today at 12.30 GMT, the labor market statistics for Canada will be published. In April, the country's unemployment level is expected to increase from 6.8% to 6.9% and employment is expected to decline by 4.5 thousand people. The negative statistics will probably put pressure on the Loonie. Meanwhile, opening long positions in the USD/CAD pair should be considered above the 1.2203 resistance level.

USDCAD, H4