USDCAD Trump Shock Pushes Canadian Dollar Down

CURRENCY INVESTORS Canadian Dollar Early Drop Thursday July 20

Canadian Dollar | Data | Chart | Calendar | Forecast | News

CURRENCY INVESTORS Canadian Dollar Early The USDCAD decreased 0.0026 or 0.20% to 1.2601 on Thursday July 20 from 1.2626 in the previous trading session. Historically, the Canadian Dollar reached an all time high of 1.61 in January of 2002 and a record low of 0.92 in November of 2007.

USD/CAD continues to lose downside momentum as seen in 4 hour MACD. But there is no sign of bottoming yet. Intraday bias stays on the downside. Current decline from 1.3793 should target a test on 1.2460 low next. Meanwhile, considering bullish convergence condition in 4 hour MACD, break of 1.2770 will indicate short term bottoming In such case, there will be lengthier consolidation before staging another decline.

In the bigger picture, price actions from 1.4689 medium term top are seen as a correction pattern. Fall from 1.3793 is seen as the third leg and should target 50% retracement of 0.9406 to 1.4869 at 1.2048. At this point, we’d look for strong support from there to contain downside and bring rebound. However, firm break there will target 100% projection of 1.4689 to 1.2460 from 1.3793 at 1.1564.



Canadian Dollar Early

Canadian Dollar

The USDCAD spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the CAD. While the USDCAD spot exchange rate is quoted and exchanged in the same day, the USDCAD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Canadian Dollar – actual values, historical data, forecast, chart, statistics, economic calendar and news. Canadian Dollar – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.26 1.26 1.61 0.92 1972 – 2017 Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)


USDCAD Trump Shock Pushes Canadian Dollar Down

CURRENCY INVESTORS Canadian Dollar Midday Drop on Wednesday July 19

Canadian Dollar | Data | Chart | Calendar | Forecast | News

CURRENCY INVESTORS Canadian Dollar Midday The USDCAD decreased 0.0101 or 0.79% to 1.2595 on Wednesday July 19 from 1.2695 in the previous trading session. Historically, the Canadian Dollar reached an all time high of 1.61 in January of 2002 and a record low of 0.92 in November of 2007.

The greenback only recovered to 1.2944 before dropping again, adding credence to our bearish view and we took the count that wave v as well as wave (C) ended at 1.3794 and impulsive wave (i ii, i ii) is now unfolding with minor wave iii still in progress, bearishness remains for this fall to extend weakness to 1.2550-60, then towards 1.2500-10, however, oversold condition should prevent sharp fall below 1.2440-50, risk from there is seen for a rebound later.

In view of this, would not chase this fall here and would be prudent to sell the pair again on recovery as 1.2760-70 should limit upside. Above 1.2800-10 would defer and risk a stronger rebound to 1.2850-60 but only break of latter level would signal a temporary low is formed instead, bring retracement of recent decline to 1.2900-10, then 1.2940-50, however, price should falter below 1.3000 and the greenback shall head south again from there.



Canadian Dollar Midday

Canadian Dollar

The USDCAD spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the CAD. While the USDCAD spot exchange rate is quoted and exchanged in the same day, the USDCAD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Canadian Dollar – actual values, historical data, forecast, chart, statistics, economic calendar and news. Canadian Dollar – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.26 1.26 1.61 0.92 1972 – 2017 Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



USDCAD Trump Shock Pushes Canadian Dollar Down

CURRENCY INVESTORS Canadian Dollar Opened Down on Wednesday July 19

Canadian Dollar  | Data | Chart | Calendar | Forecast | News

CURRENCY INVESTORS Canadian Dollar Opened  The USDCAD decreased 0.0063 or 0.49% to 1.2633 on Wednesday July 19 from 1.2695 in the previous trading session. Historically, the Canadian Dollar reached an all time high of 1.61 in January of 2002 and a record low of 0.92 in November of 2007.

USD/CAD lost some downside momentum with 4 hour MACD crossed above signal line. But with 1.2770 minor resistance intact, intraday bias remains on the downside for further fall. Current decline is expected to target a test on 1.2460 low. Meanwhile, considering bullish convergence condition in 4 hour MACD, break of 1.2770 will indicate short term bottoming In such case, there will be lengthier consolidation before staging another decline.

In the bigger picture, price actions from 1.4689 medium term top are seen as a correction pattern. Fall from 1.3793 is seen as the third leg and should target 50% retracement of 0.9406 to 1.4869 at 1.2048. At this point, we’d look for strong support from there to contain downside and bring rebound. However, firm break there will target 100% projection of 1.4689 to 1.2460 from 1.3793 at 1.1564.



Canadian Dollar Opened

Canadian Dollar

The USDCAD spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the CAD. While the USDCAD spot exchange rate is quoted and exchanged in the same day, the USDCAD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Canadian Dollar – actual values, historical data, forecast, chart, statistics, economic calendar and news. Canadian Dollar – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.26 1.26 1.61 0.92 1972 – 2017 Daily

 

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



USDCAD Trump Shock Pushes Canadian Dollar Down

CURRENCY INVESTORS Canadian Dollar Fell Midday on July 18th of 2017

Canadian Dollar | Data | Chart | Calendar | Forecast | News

CURRENCY INVESTORS Canadian Dollar Fell The USDCAD decreased 0.0073 or 0.57% to 1.2623 on Tuesday July 18 from 1.2695 in the previous trading session. Historically, the Canadian Dollar reached an all time high of 1.61 in January of 2002 and a record low of 0.92 in November of 2007.



Canadian Dollar Fell

Canadian Dollar

CURRENCY INVESTORS    The USDCAD spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the CAD. While the USDCAD spot exchange rate is quoted and exchanged in the same day, the USDCAD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Canadian Dollar – actual values, historical data, forecast, chart, statistics, economic calendar and news. Canadian Dollar – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.26 1.27 1.61 0.92 1972 – 2017 Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



USDCAD Trump Shock Pushes Canadian Dollar Down

CURRENCY INVESTORS Canadian Dollar Early View Lower on Tuesday July 18

Canadian Dollar  | Data | Chart | Calendar | Forecast | News

CURRENCY INVESTORS Canadian Dollar Early View The USDCAD decreased 0.0015 or 0.12% to 1.2681 on Tuesday July 18 from 1.2696 in the previous trading session. Historically, the Canadian Dollar reached an all time high of 1.61 in January of 2002 and a record low of 0.92 in November of 2007.



Canadian Dollar Early View

Canadian Dollar

CURRENCY PAIR   The USDCAD spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the CAD. While the USDCAD spot exchange rate is quoted and exchanged in the same day, the USDCAD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Canadian Dollar – actual values, historical data, forecast, chart, statistics, economic calendar and news. Canadian Dollar – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.27 1.27 1.61 0.92 1972 – 2017 Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



USDCAD Canadian Dollar weakens to one-week low as oil falls

CURRENCY INVESTORS Canadian Dollar Closed Higher on Monday July 17

Canadian Dollar | Data | Chart | Calendar | Forecast | News

CURRENCY INVESTORS Canadian Dollar Closed The USDCAD increased 0.0048 or 0.38% to 1.2688 on Monday July 17 from 1.2640 in the previous trading session. Historically, the Canadian Dollar reached an all time high of 1.61 in January of 2002 and a record low of 0.92 in November of 2007.

USD/CAD remains on the downside for the moment. Current decline is expected to target a test on 1.2460 low. On the upside, above 1.2770 minor resistance will turn bias neutral and bring consolidation before staging another decline.

In the bigger picture, price actions from 1.4689 medium term top are seen as a correction pattern. Fall from 1.3793 is seen as the third leg and should target 50% retracement of 0.9406 to 1.4869 at 1.2048. At this point, we’d look for strong support from there to contain downside and bring rebound. However, firm break there will target 100% projection of 1.4689 to 1.2460 from 1.3793 at 1.1564.



Canadian Dollar Closed

Canadian Dollar

The USDCAD spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the CAD. While the USDCAD spot exchange rate is quoted and exchanged in the same day, the USDCAD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Canadian Dollar – actual values, historical data, forecast, chart, statistics, economic calendar and news. Canadian Dollar – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.27 1.26 1.61 0.92 1972 – 2017 Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



Canadian Solar Stock   Well, it didn’t take long for that pattern on the Canadian Solar Inc. 

Canadian Solar Stock Breaks Out, Implying Higher Stock Prices

CSIQ Stock Trend Reversal

 Canadian Solar Stock   Well, it didn’t take long for that pattern on the Canadian Solar Inc. 

FOREX INVESTORS BUZZ Canadian Solar Stock   Well, it didn’t take long for that pattern on the Canadian Solar Inc. (NASDAQ:CSIQ) stock chart to resolve itself, and now that the pattern is complete, bullish implications are expected to follow.

I originally outlined the pattern that was setting up on June 29, in a publication titled “Canadian Solar Stock on the Cusp of a Breakout.” I was particularity excited about the ramifications of this price pattern because numerous solar stocks have been staging an advance, and the move toward higher prices has been a sector-wide phenomenon. Sector-wide moves are particularly powerful, and, therefore, when a bullish price pattern is being painted on the stock chart, it is always wise to pay attention.

The following Canadian Solar stock chart illustrates the technical price pattern which is now suggesting that an advance is in development.



Canadian Solar Stock 

 

Canadian Solar stock chart

 

 

These patterns are particularity significant because they suggest that a trend reversal is in the making, and they pinpoint when an investment transitions from a bearish trend into a bullish one. Transitions from bearish trends into bullish ones provide the best opportunities because the performance numbers that follow are usually the greatest.

The following Canadian Solar stock chart illustrates that the backdrop has also become bullish, which supports the same notion of higher stock prices.

CSIQ price chart

Chart courtesy of StockCharts.com

The bullish backdrop I am referring to is being suggested by the moving average convergence/divergence (MACD) indicator in the lower panel of the CSIQ stock chart above.

MACD is a simple, yet effective, indicator that distinguishes between bullish and bearish momentum by using the crossing of a signal line. A bullish cross suggests that bullish momentum is influencing the trading in a stock, while a bearish cross suggests that bearish momentum is influencing the trading action.

In order to stage an advance, buying pressure is required, which translates into much-needed bullish momentum. The stock chart above determines, depending on which signal the MACD indicator is suggesting, whether Canadian Solar stock is staging an advance.

 

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USDCAD Trump Shock Pushes Canadian Dollar Down

USDCAD Midday View Higher for Canadian Dollar on Friday July 7

Canadian Dollar | Data | Chart | Calendar | Forecast | News

FOREX INVESTORS USDCAD Midday View Higher   The Canadian dollar advanced 0.6 percent to a 44-week high of 1.29 per USD on July 7th of 2017 around 9:50 PM NY time, after the stronger than expected jobs report increased the possibility that Bank of Canada will lift the key interest rate as early as next week. The unemployment rate fell to 6.5 percent and the economy added 45.3 thousand jobs, beating market expectations of 10 thousand increase. Historically, the Canadian Dollar reached an all time high of 1.61 in January of 2002 and a record low of 0.92 in November of 2007.




USDCAD Midday View Higher

Canadian Dollar

The USDCAD spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the CAD. While the USDCAD spot exchange rate is quoted and exchanged in the same day, the USDCAD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Canadian Dollar – actual values, historical data, forecast, chart, statistics, economic calendar and news. Canadian Dollar – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.29 1.30 1.61 0.92 1972 – 2017 Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)




USDCAD Trump Shock Pushes Canadian Dollar Down

USDCAD Early Look for Canadian Dollar on Friday July 7.

Canadian Dollar | Data | Chart | Calendar | Forecast | News

FOREX INVESTORS USDCAD Early Look  The USDCAD increased 0.0024 or 0.19% to 1.2979 on Friday July 7 from 1.2955 in the previous trading session. Historically, the Canadian Dollar reached an all time high of 1.61 in January of 2002 and a record low of 0.92 in November of 2007.

A temporary top is in place at 1.2911 after touching 1.3013 minor resistance. Intraday bias in USD/CAD is turned neutral first. Considering bullish convergence condition in 4 hour MACD, break of 1.3013 will indicate short term bottoming. In such case, stronger rebound would be seen back to 1.3164/3346 resistance zone first, before staging another fall. Overall, we’d expect decline from 1.3793 to extend later and sustained trading below 1.2968 cluster support, 61.8% retracement of 1.2460 to 1.3793 at 1.2969 will pave the way to retesting 1.2460 low.

In the bigger picture, price actions from 1.4689 medium term top are seen as a correction pattern. The second leg should have finished at 1.3793. Break of 1.2460 will extend such correction to 50% retracement of 0.9406 to 1.4869 at 1.2048. At this point, we’d look for strong support from there to contain downside and bring rebound. However, firm break there will target 100% projection of 1.4689 to 1.2460 from 1.3793 at 1.1564.




USDCAD Early Look

Canadian Dollar

The USDCAD spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the CAD. While the USDCAD spot exchange rate is quoted and exchanged in the same day, the USDCAD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Canadian Dollar – actual values, historical data, forecast, chart, statistics, economic calendar and news. Canadian Dollar – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.30 1.61 0.92 1972 – 2017 Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)