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Trading signals and online forecasts USD/CAD

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Analytical Forex forecast for today, October 7, for AUD/USD, USD/TRY, USD/CAD & USD/CHF
AUD/USD, currency, USD/CAD, currency, USD/CHF, currency, USD/TRY, currency, Analytical Forex forecast for today, October 7, for AUD/USD, USD/TRY, USD/CAD & USD/CHF AUD/USD: resumption of a record low in the pairThe Australian dollar is trading sideways in the framework of the Asia-Pacific trading, testing the 0.6400 mark.The macroeconomic data published the day before created a slight negative momentum. Thus, exports in August increased by 2.6%, having previously shown a decline of 9.9% over the previous period, and the import positions of the same period strengthened by 4.5%, having previously increased by 5.2% due to the supply of fuels and lubricants. At the same time, a serious downward correction in the instrument prevents an increase in the cost of raw materials, among which the cost of coal, the most important Australian export commodity, is leading. The national trade balance showed a decrease in August to 8,324 million. Australian dollars from the previous 8,733 million Australian dollars, contrary to market forecasts of strengthening to 10,500 million Australian dollars.Resistance levels: 0.6450, 0.6522, 0.6572, 0.6650.Support levels: 0.6362, 0.6320, 0.6250, 0.6200.USD/TRY: Lira under inflation pressureThe USD/TRY trading instrument is trading under the influence of fundamental growth factors, reaching the 18.600 mark.The Turkish currency cannot get out from under pressure against the background of extreme macroeconomic indicators on the price growth index, having reached the maximum level of the last 24 years in September. Thus, inflation for the monthly indicator adjusted to 3.08% from 1.46%, for the year to 83.45% from the previous 80.21%, and the indicator of the cost of production on a monthly basis strengthened to 4.78% from 2.41%, the annual value from 143.75% to 151.59%. The negative dynamics was provoked by the increase in prices for transport services and food group goods for the population. Contrary to the record levels of the consumer price index, analysts do not see signals of readiness from the Central Bank of Turkey to stop the "dovish" course in the short term, moreover, such a policy finds full support from the president of the state. Recall that the financial department has been holding on to the trend opposite to world practice for a long time and regularly adjusts the interest rate in decline, against which the national economy continues to be under increasing pressure.Resistance levels: 18.7500, 19.1406, 19.5312.Support levels: 18.3593, 17.9687, 17.5781.USD/CHF: The pair is waiting for data on the US labor market, the "American" is developing a sideways trend, testing the 0.9900 mark during morning trading. Investors are in no hurry to increase activity, wanting first to study the labor market indicators in the United States, the publication of which is announced at the end of the week.The market continues to be under the influence of anxious moods. The indicators of the global economy, as before, are prone to a negative scenario against the background of a restrained result of the fight against record inflation by world regulators. The cost of energy resources again rushed to growth, on the eve of displaying a slight correction, since the heating season in the eurozone countries will soon be launched. Meanwhile, the Swiss economy, as before, remains the most resistant to the inflation rate, because in September the value lost 0.2%, dropping to the level of 3.3% year-on-year. The positive dynamics became possible due to the strengthening of the cost of petroleum products, including fuel and fuel oil. By the end of the previous month, the authorities adopted a resolution to compensate the elderly for the growing cost of consumer goods by manipulating payment correction methods, which will come into force in January 2023, because, based on the data of the BfS (Federal Statistical Office), for the first quarter of 2020, all Swiss households sent for purchases of food group goods of the order of 535.0 francs, and in the second quarter the amount has already increased to 586.0 francs.Resistance levels: 0.9948, 1.0000, 1.0050, 1.0100.Support levels: 0.9868, 0.9807, 0.9762, 0.9700.USD/CAD: the pair failed to overcome the 1.3750 markThe bulls lost the advantage in the USD/CAD pair at 1.3750 due to the rhetoric of the hawks from the RB of Canada.Carefully analyzing the daily positions of the instrument, analysts note the continuing long-term prospect of upward dynamics, meanwhile, the current week has shown a sign of change. At the very beginning of the week, during the trading sessions on Monday and Tuesday, the instrument lost a record 2.35% in value. In the middle of the week, an attempt was made by the pair to win back losses, but the strengthening lost its potential at 1.3750. With the support from sellers of the current level, the probability of a decline in value to the 1.3505 mark remains. With the development of upward dynamics, the asset will be able to update level 1.3830.Resistance levels: 1.3750, 1.3830.Support levels: 1.3600, 1.3505. If you are interested in USD/CAD analytics, we recommend you to visit the analytics page, where you can find the latest analytics on Forex from top traders from all over the world. These analytics will be useful both for beginners and professional traders. The Forex signals service makes it much easier for beginners to make their first steps in trading on the financial markets. The latest USD/CAD forecasts and signals contain support and resistance levels, as well as stop-loss ...
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USD/CAD - Forex technical analysis for the pair USDCAD on October 7
USD/CAD, currency, USD/CAD - Forex technical analysis for the pair USDCAD on October 7 On the daily chart the pair received support at the "round" level of 1.3500 on the pullback. It did not reach the highs of September and October, but the pullback clearly did not develop. On indicators of the directed movement growth is a very strong trend: DM + is much higher than DM- at high level of ADX. Decrease in the MACD histogram and MACD line alignment shows the correction. With a new pullback, support can again be expected at the October low at 1.3500.USD/CAD - Forex technical analysis for the pair USDCAD on October 7On the four-hour chart the pair has stabilized, the range could be 1.3555-1.3800. Support at 1.3600 can be considered as strong. About the fact that the growth at the moment is exhausted, the beginning of the rollback to reach the round level of 1.3800 may tell. Based on the movement in the range, the target of the current growth wave may be 1.3600.Resistance levels: 1.3800; 1.3840.Support levels:  1,3600; 1,3555 If you are interested in USD/CAD analytics, we recommend you to visit the analytics page, where you can find the latest analytics on Forex from top traders from all over the world. These analytics will be useful both for beginners and professional traders. The Forex signals service makes it much easier for beginners to make their first steps in trading on the financial markets. The latest USD/CAD forecasts and signals contain support and resistance levels, as well as stop-loss ...
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Forex Signals for EUR/USD, GBP/USD and USD/CAD on 07/10/2022
EUR/USD, currency, GBP/USD, currency, USD/CAD, currency, Forex Signals for EUR/USD, GBP/USD and USD/CAD on 07/10/2022        EUR/USD SignalsThe EUR/USD pair is trading within the descending price channel on the hourly chart. I recommend opening long positions in case of breakdown of resistance at 0.9845 with the aim of going up to resistance at 0.9886-0.9928. Stop below 0.9760.I recommend opening short positions after breakdown of support at 0.9780 with the aim to go down to support at 0.9742-0.9706. Stop above 0.9855.GBP/USD SignalsOn the basis of the technical modeling on pair GBP/USD the forecast of the further movement was formed and the average urgency predisposes to decrease.In the given technical situation it is possible to sell from level 1.1268 also it is possible to expose the pending order on sale at level 1.1445 with the purpose of decrease in area of support at level 1.0950-1.0568, the stop at the given strategy can be placed at level 1.1525.If we gain a profit of 30 pips or more, we fix 50% of the position, and place the rest at no-loss. If this forecast for the GBP/USD pair coincides with your opinion, then you can safely use this strategy.USD/CAD SignalsUSD/CAD is trading in an uptrend on the 4-hour chart. It shows that the USD/CAD is trading above the 55 moving average on the hourly chart (level 1.3708), which generally contributes to the price increase in the short term. I recommend to work on this pair from purchases on the basis of the existing wave model.The signal for long position opening will be a break-down of resistance at 1.3777 with the aim to go up to the resistance level of 1.3838 and in case of its break-down to 1.3899.  Stolploss may be placed at the level of 1.3690.The signal for the opening of a short position is a breakdown of support at 1.3656 with the aim of going down to 1.3574, in case it is broken through 1.3507. Stolploss for this strategy can be placed at the level of 1.3820.Taking into account that the moving average and the location of the technical figure boundaries move over time, it is necessary to make corrections in their positions on the hourly chart. I also recommend opening positions by the end of the hour to avoid false breakouts. If you are interested in USD/CAD analytics, we recommend you to visit the analytics page, where you can find the latest analytics on Forex from top traders from all over the world. These analytics will be useful both for beginners and professional traders. The Forex signals service makes it much easier for beginners to make their first steps in trading on the financial markets. The latest USD/CAD forecasts and signals contain support and resistance levels, as well as stop-loss ...
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Forex Signals for EUR/USD, GBP/USD and USD/CAD on 06/10/2022
EUR/USD, currency, GBP/USD, currency, USD/CAD, currency, Forex Signals for EUR/USD, GBP/USD and USD/CAD on 06/10/2022  EUR/USD SignalsThe pair EUR/USD is trading within the ascending price channel on the hourly chart. I recommend opening long positions in case of breakdown of the resistance at 0.9951 with the aim of going up to the resistance at 0.9998-1.0040. Stop below 0.9890.I recommend opening short positions after breakdown of support at 0.9910 with the aim to go down to support at 0.9871-0.9832. Stop above 0.9960. GBP/USD SignalsOn the basis of technical modeling on pair pound/dollar the forecast of the further movement was formed, and the average urgency predisposes to increase within the limits of correction.In the given technical situation pound can be bought from the level of 1.1318 also it is possible to expose the pending buy order at the level of 1.1210 with the purpose of increase in the area of resistance at the level of 1.1488-1.1625, the stop at this strategy can be placed at the level of 1.0996.If we gain a profit of 30 pips or more, we fix 50% of the position, and reduce the rest to a lossless position. If this forecast for GBP/USD coincides with your opinion, then you should feel free to use this strategy.USD/CAD SignalsUSD/CAD is trading in a downtrend on the 4-hour chart. It shows that USD/CAD is trading below the moving average with a period of 55 on the hourly chart (level of 1.3698), which generally contributes to the decline in the price in the short term. I recommend to work on this pair from the sales on the basis of the existing wave model.The signal for long position opening will be a break-down of resistance at 1.3720 with the aim to go up to the resistance level of 1.3776 and in case of its break-down at the end of the hour to 1.3837.  Stolploss may be placed at the level of 1.3650.The signal for the opening of a short position is a breakdown of support at 1.3594 with the aim of going down to 1.3507, in case it is broken through 1.3442. Stolploss in this strategy can be placed at the level of 1.3705.Taking into account that the moving average and the location of the technical figure boundaries move over time, it is necessary to make corrections in their positions on the hourly chart. I also recommend opening positions by the end of the hour to avoid false breakouts.If you are interested in USD/CAD analytics, we recommend you to visit the analytics page, where you can find the latest analytics on Forex from top traders from all over the world. These analytics will be useful both for beginners and professional traders. The Forex signals service makes it much easier for beginners to make their first steps in trading on the financial markets. The latest USD/CAD forecasts and signals contain support and resistance levels, as well as stop-loss ...
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Articles about financial markets

Dollar falls, losing support from US government bonds
USD/CAD, currency, USD/JPY, currency, NZD/USD, currency, US Dollar Index, index, Dollar falls, losing support from US government bonds The dollar fell against the Canadian dollar and hovered near multi-month lows against European currencies on Tuesday as Treasury bond yields were little moved amid expectations the US Federal Reserve will not raise interest rates in the near future.Dallas Fed President Robert Kaplan reiterated on Monday that he does not expect interest rates to rise until next year, lowering expectations that inflationary pressures could force the Fed to change policy sooner than stated.Read more: Causes of inflation and scientific approaches to their studyThe yield on 10-year US Treasury bonds stood at 1.6454%, continuing a decline from last week's five-week high.The dollar index to a basket of six major currencies was down 0.19% to 89.991 by 09:34. The euro rose 0.25% to $1.2181, close to its lowest level since February 26. At the same time, the pound rose 0.31% to $1.4178. The British currency was supported by the lifting of coronavirus restrictions in the UK.The Canadian dollar rose 0.31% against the US dollar to $1.2029, almost hitting a six-year high, thanks to higher oil prices. "The Aussie rose 0.46% to $0.7799. The New Zealand dollar rose 0.58% to $0.7242.The mainland yuan rose 0.2% to 6.4257. The Japanese yen rose 0.1 per cent paired with the dollar, to 109.08 yen.In the cryptocurrency market, bitcoin rose 3.81% to $45.255 but remained near a three-month low following tweet from Tesla CEO Elon Musk. Etherium rose 7.58% to $3,529.95, recovering from a two-week low hit on Monday.Read more: The history of Federal Reserve (Fed) and its ...
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