Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

USD/CAD - US Dollar Canadian Dollar

Real-time Currencies
Currency in
CAD
1.4355
-0.0092(-0.64%)
Real-time Data

USD/CAD Discussions

Buying as it drops, good luck to everyone 👍
Expect 1.4300 week end. Then range in the area until movement in Oil. Still shorting.
pro badge
Downtrend started?
I been telling you guys that this pair is going upper $1.46xx and most of you were putting thumbs down on my comments and here we are finally
I was the one who agreed with you
Sell it down. No more up
Eventually we will take out the Covid highs
THANK YOU GOD, BIG PROFITS 📈
Nice profit
Whatever goes up must come down
she will down?
Not today again, but in coming days
There is a huge divergence on the 4hr-chart indicating that this is positioning and selling for the past 12hrs. Though I agree that 1.46 may be the target, be careful buying up here because we could see a massive profit taking drop soon... All indications pointing to a pullback very soon...
It should reach 1.46 before end of 2024. In 2016, it went 1.46. 4 years later in 2020, it went 1.46. This is another 4 years, so it should reach 1.46
pro badge
Every 4 years, like a word cup or Olympic, right?
LeoBull 😂😂
fomc tonight
Up forever
pro badge
Stupid
Good morning 🙏, now we need a good drop, we should be able to buy
When is this pair will stop climbing and at least take a break? I mean life or the Economy in Canada cannot be this bad that all major at least get some thing when the USD correct, but the CAD doesn't... the CAD just pees on falling and push the USDCAD higher n higher?? The fact that BOC cut interest rates like this and inflation being lower mean good life and good economy... now why USDCAD keeps on climbing???
Canadian government not stable, stock market is shaking,
USD vs Canada : 1. interest rates move tomorrow , but will rebound somewhat because 2. Canada internal political problem ..is both temporary (Finance Minister) and med-longer term (policies on leading party , which has only a minority not majority). 3. elections at longest time in future would be Oct 2025, but could get pulled forward if #3 party (which has coalition with leading party) decides not to support leading party and feels itself as stronger.
folks...also remember a lot of trade occurs within Canada and some/many look at this currency as CADUSD , so they look at CADUSD =0.70 and 0.69 and 0.68 etc. Pundits are calling for CADUSD to be 0.68 to 0.69 range in 2025 (they didn't specify timeframe; and that was 1 to 2 weeks ago ...before Finance Minister resignation).....so, we could get to .68-.69 sooner and toward lower end ...and maybe below 0.68
pro badge
Canada is going downhill too fast!
If interest rates are cut this week USD should weaken... the key word here is "should' but lately the FED has been playing games with yields that's been keeping USD quite strong which is insane. Technically, if USD weakens so should UC but that's not been the case. IMO, this is a bubble waiting to burst and it will eventually happen... But in the meantime, if USD stays strong UC is headed to 1.43 - 1.44 area easily... just be careful because when UC falls it will fall very hard, at least a 300-500 pips correction.
It's really makes sense what you're saying, but remember FX always has surprises, please be very careful with having enough margin
Wendsday will be news about interest rates, it could make a very big move in the usd cad
Nice movement
Yes, and nice Profit
We are going toward upper $1.46xx coming year, especially us stock market indices are over valued and whenever there is a correction in us stock market the us Dollar goes higher
I don't know what is going to happen up or down, but I really have a feeling that is the truth, I am buying as it drops and I take profits as goes back up,
Nice Profit from yesterday's drop, Good luck to everyone 👍
Short
USDCAD breaking 1985 high ...from the chart you can see blue-sky (no major resistance until 1.60-ish)
interesting USDCAD = 1.50 to 1.60 during the dot.com dot.bomb technology era). Anybody remember Nortel big tech company that went bankrupt??
...
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.