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XM Group

XM Group

Has USDCAD reached a peak point?

USDCAD holds short-term range ahead of ISM manufacturing PMI. Bulls lose power but not the battle, uptrend intact above 1.4260.

XM Group | 125 दिनों पहले

USDCAD is holding steady within the tight three-week-old range of 1.4350-1.4400 despite a brief rise to 1.4465 in the first trading day of 2025.

Technical indicators point to weakening buying sentiment, with the MACD decelerating below its red signal line and the RSI retreating from overbought territory. Despite this, the price seems to be forming a descending triangle at the top of its three-month-old uptrend, a pattern typically signaling continued bullish movement. Supporting this view, the exponential moving averages (EMAs) show a positive slope.

For a clearer bullish signal, the pair needs a close above 1.4400 and perhaps a sustainable move above the critical resistance zone of 1.4465-1.4500 before reaching the 2020 high of 1.4667. This is near the 2016 top of 1.4689, a break of which could open the door for the 1.4800 barrier last seen in 2003.

Alternatively, a slide below the 1.4350 floor could instantly pause near the 20-day EMA at 1.4300 or around the support trendline at 1.4260. If the 23.6% Fibonacci retracement of the September-December uptrend at 1.4218 fails too, the price could slide toward the 50-day EMA at 1.4125.

All in all, USDCAD is in a wait and see mode. A clear move above 1.4400 could trigger the next bull run, whilst a drop below 1.4350 may activate selling orders.

विनियम: CySEC (Cyprus), FSC (Belize), DFSA (UAE), FSCA (South Africa)

टैग: विश्लेषण USDCAD

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Weekly Technical Outlook – EUR/USD, GBP/USD, USD/CAD

Weekly Technical Outlook – EUR/USD, GBP/USD, USD/CAD

EUR/USD fights for new higher highs ahead of ECB rate decision. USD/CAD looks fragile as the BoC could face tough debate over rate cuts. GBP/USD extends swift rally, eyes April’s peak as the focus turns to jobs and CPI numbers.

XM Group | 23 दिनों पहले

Market's react to escalating trade tensions. Market Update: April 11, 2025

Market's react to escalating trade tensions. Market Update: April 11, 2025

Financial markets are reacting to escalating US-China trade tensions, with gold and silver performing well as safe-haven assets. The US Dollar appears to be under pressure, reflected in the Dollar Index at around 100.40, following softer-than-expected US inflation data that has increased speculation of Federal Reserve rate cuts

Moneta Markets | 27 दिनों पहले

Cooling U.S. inflation data looms large - Market Update April 10 2025

Cooling U.S. inflation data looms large - Market Update April 10 2025

Global markets are adjusting to a volatile landscape as U.S.-China trade tensions escalate, despite a 90-day tariff delay on most nations announced by President Donald Trump. Cooling U.S. inflation data looms large, with the March CPI report set to influence Fed rate expectations and the USD’s trajectory.

Moneta Markets | 28 दिनों पहले

Markets are grappling with heightened volatility as the U.S.-China trade war escalates

Markets are grappling with heightened volatility as the U.S.-China trade war escalates

Global markets are grappling with heightened volatility as the U.S.-China trade war escalates, driven by President Donald Trump’s tariffs and China’s retaliatory measures. Commodity currencies, oil, and equities are under pressure, while safe-haven assets like gold and the Japanese Yen show mixed responses amid recession fears and geopolitical risks.

Moneta Markets | 31 दिनों पहले

USDCAD indecisive within neutral zone

USDCAD indecisive within neutral zone

USDCAD maintains sideways movement above 1.4270 support. Trend signals deteriorate; a break above 1.4635 could provide relief.

XM Group | 40 दिनों पहले

Market Update: March 12, 2025

Market Update: March 12, 2025

Financial markets are poised at a critical juncture with key currency pairs reacting to shifting dynamics and the looming US CPI report. Here’s a detailed look at today’s key market developments:

Moneta Markets | 56 दिनों पहले

USDJPY, USDCAD, GBPUSD

USDJPY, USDCAD, GBPUSD

US CPI may give hints for Fed's next meeting; USDJPY plunges; BoC expected to cut rates by 25 bps; USDCAD is neutral; Will UK GDP affect pound?; GBPUSD eases from 4-month high

XM Group | 58 दिनों पहले

USD/CAD bounces up, but can it keep the momentum?

USD/CAD bounces up, but can it keep the momentum?

USD/CAD recoups drop below EMAs as March tariffs become reality. Technical indicators suggest quick rebound is fragile; focus on 1.4470.

XM Group | 69 दिनों पहले

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