USD/CAD Forecast

USD/CAD Weekly Outlook October 29 – November 2

Trade Analysis / Chart in Focus: USD/CAD The USD/CAD closed up for the third week in a row. The weekly charts are now setup for a short with the 4 hour chart leading the way. USD/CAD Outlook This pair has seen a decent run the past few weeks but beware for downside risk now especially [...]

USD/CAD Weekly Outlook October 22-26

Trade Analysis / Chart in Focus: USD/CAD Simply a nice week with a +140 pips gain and closing at the highs for the week. Looks very bullish at first glance but looks can be deceiving at times. USD/CAD Outlook Do not be caught on the wrong side of the market here. I will explain in [...]

New Trade Setups Intraday on EUR/AUD & USD/CAD In this video of today's market scan for new trade setups we take a look at the current state of the AUD/USD and EUR/USD on the daily, 4 hour, and 1 hour time frame. Related news events for these two pairs including the ECB meeting on Thursday and the RBA statement and the price [...]

USD/CAD Forecast, August 20-24

US Dollar takes more losses to Canadian dollar The strong downtrend continues for the eighth consecutive week in a row where price had made a lower low. USD/CAD Outlook Interesting to note that on Friday's daily chart price closed up and in a bullish engulfing pattern. Too soon to begin looking for long entries but the first sign of a possible [...]

USD/CAD Outlook, Aug 12 – Aug 18

The US Dollar counties big gains against the Canadian dollar USD/CAD closed at toward weekly lows making nice sized gains. I am cautious about: Nothing on the radar on this pair. My Outlook: I expect for the USD to continue making gains on the CAD this week. Open positions for USD/CAD (source Oanda) High impact events for [...]

Game Changer in Major Reversal – Trend Shift to Risk On

After yesterday's announcement from the ECB proved to be a lack of action US dollar and Japanese strength picked up. Later in the day traders realized they had misread Draghi’s signals to the market. This was confirmed further today when members of Germany's Angela Merkel’s coalition parties showed they won’t stand in the way of ECB chief Mario Draghi’s plan to [...]

Forex Daily Charts, Scan for Setups: July 27

In today's scan of the markets we take a look at the currency pairs setting up for the beginning of the coming trading week and review the past setups from this week. What a tremendous move on the eur/usd and the aud/usd this week. Wish I caught the move on the usd/cad too! Truly a [...]