USD/CAD Forecast Poll.
The FXStreet Forecast Poll about USD/CAD ( US Dollar Canadian Dollar) is a sentiment tool that highlights our selected experts' near and medium term mood and calculates trends according to Friday's 15:00 GMT price.
How to Read the Forecast Poll charts.
This chart informs about the average forecast prices, and also how close (or far apart) sit the numbers from all participants surveyed that week. The bigger a bubble on the chart means more participants targeting a certain price level in that particular time horizon. This distribution also tells if there is unanimity (or disparity) among participants.
Each participant's bias is calculated automatically based on the week's close price and recent volatility. Drawing from those results, this chart calculates the distribution of bullish, bearish, and sideways forecast prices from all participants, informing about sentiment extremes, as well levels of indecision reflected in the number of “sideways”.
By displaying three central tendency measures (mean, median, and mode), you can know if the average forecast is being skewed by any outlier among the poll participants.
shifted price.
In this chart, the close price is shifted behind so it corresponds to the date when the price for that week was forecasted. This enables the comparison between the average forecast price and the effective close price.
price change.
This chart tracks the percentage change between the close prices. Bouts of volatility (or extreme flat volatility) can be then compared to the typical outcome expressed through the averages.
smooth average.
This measure is basically an arithmetical average of the three central tendency measures (mean, median, and mode). It smooths the typical outcome eliminating any possible noise caused by outliers.
Together with the close price, this chart displays the minimum and maximum forecast prices collected among individual participants. The result is a price corridor, usually enveloping the weekly close price from above and below, and serves as a measure of volatility.
USD/CAD, THE “LOONIE”
The USD/CAD pair tells the trader how many Canadian dollars (the quote currency) are needed to purchase one U. S. dollar (the base currency). This currency pair is also known as the "Loonie", a nickname derived from the picture of a loon, a distinctive bird which appears on one side of the Canada's gold-colored, one Dollar coin.
ORGANIZATIONS, PEOPLE AND ECONOMIC DATA THAT INFLUENCE USD/CAD.
In Canada, the organizations and people that affect the most the moves of the USD/CAD pair are:
The Bank of Canada that issues statements and decides on the interest rates of the country. Canadian Government and its Department of Finance that implement policies that affect the economy of the country. In the USA, we have: The US Government: events as administration statements, new laws and regulations or fiscal policy can increase or decrease the value of the US Dollar. Fed, the Federal Reserve of the United States. The Fed controls the monetary policy, through active duties such as managing interest rates. Currencies: This group also includes the following currency pairs: EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, NZD/USD, EUR/GBP and USD/CHF.
USD/CAD FORECAST FOR 2017.
In our annual forecast, our surveyed contributors expect the USD/CAD to reach the price of 1,4000 by the end of the year 2017. See full forecast.
In terms of political events that can affect the pair this year, we have of course the Trump Presidency : tax cuts and government spendings strategy, geopolitics and international relations of the US, including decisions related to trade deals and multinational alliances. In Canada, we can highlight the New Democratic Party leadership election in October 2017 and the Conservative Party of Canada leadership election in May 2017.
Some extra quotes about forecast in this page:
Trade issues around possible NAFTA renegotiation and a strengthening US economy will be key. Question marks over real OPEC cuts will linger.
The Canadian dollar could be the big loser of 2017 due to oil prices remaining low, a slow transition to other sectors and not enough US demand for Canadian goods.
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EUR/CAD - Euro to Canadian Dollar.
EUR/CAD Forecasts.
Important CAD Pairs’ Technical Outlook: 14.12.2017.
USD/CADConsidering USDCAD’s latest bounce from 1.2800–1.2790 support-zone, the pair seems again heading to confront the seven-week old descending TL resistance, at 1.2890; however, 1.2870 might offer an intermediate halt during its recovery. In case if the quote manages to conquer the 1.2890 mark, it can quickly rise to 1.2920 before.
Euro Acting Like Its Halloween.
The Euro continues to cause a fright for investors and maybe that is appropriate since it is Halloween tomorrow. The Euro continues to be tested near important support levels and has not produced an upward reversal in the short-term. Euro Trading Slightly Above Important SupportThe Euro continues to trade near important.
Technical Update For USD/CAD, EUR/CAD, AUD/CAD & CAD/CHF: 06.09.2017.
USD/CADEver since the USDCAD dropped below 1.2440 mark, it never went up and has been trading in the small range between the 1.2360 and the 1.2425. However, today’s monetary policy announcement by the Bank of Canada might offer noticeable moves of the pair. Considering strong Canadian fundamentals, chances of either.
Euro Roller Coaster Ride Scaring Traders.
The Euro has remained under pressure the past two day. After attaining new highs, the Euro has lost value against the U. S Dollar rapidly and may continue to face headwinds the next two days as technical traders take advantage of its short-term range. Range Proving Rough for Euro TradersThe Euro has.
Technical Overview For USDCAD, EURCAD, GBPCAD & CADJPY: 20.07.2017.
USD/CADIrrespective of the USDCAD’s latest bounce from 1.2575, a week-long descending trend-line presently confines the pair’s recovery around 1.2635. Considering the USD weakness, chances of the 1.2600 and the 1.2575 come-back are high, breaking which 61.8% FE level of 1.2555 and the 1.2500 mark might give rise to expectations of.

EUR/CAD.
The Euro / Canadian Dollar denotes how many Canadian Dollars are needed to purchase one Euro. Crude oil is one of Canada's largest exports and as such, tends to be sensitive to fluctuations in crude oil prices and global growth expectations. The Eurozone is the largest monetary union in the world and one of the most popularly traded currencies in FX. Throughout history there have been numerous times the euro has been used as a funding currency during times of global economic uncertainty. The EUR/CAD typically has a slightly higher average true range than the majors, offering more opportunities to intra-day traders & swing traders alike.
by Christopher Vecchio.
With PMI readings pointing to growth momentum at multi-years highs and inflation expectations at their highest level of 2017, an upgrade to the European Central Bank’s 2018 forecasts could help the Euro reverse some of its recent losses.
by Christopher Vecchio.
by Christopher Vecchio.
by Christopher Vecchio.
by Christopher Vecchio.
Real Time News.
EUR/CAD Forecast.
Analyst Picks.
Michael Boutros.
Expertise: Short-term Technical.
Average Time Frame of Trades: 1-3 Days.
Pivot Points data provided by IG.
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The Canadian Dollar is often referred to as 'The Loonie', because of the loon bird that draws the attention on the $1 Canadian coin.
The CAD is the 7th most commonly traded currency in the world, and can be denoted with either a traditional '$' sign, or 'C$' to differentiate it from other Dollar-based currencies.
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by DailyFX Research.
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by DailyFX Research.
Upcoming Events.
Forex Economic Calendar.
Market Datadata provided by IG.
Real Time News.
Past performance is no indication of future results.
DailyFX is the news and education website of IG Group.