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- Instrument Specifications
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- USD / CAD Investing
Canadian Dollar Trading - FX USD CAD
USD/CAD Forex Trading Conditions
| Options | Standard-Fixed & Floating | Beginner-Fixed & Floating | Demo-Fixed & Floating |
|---|---|---|---|
| Fixed spread, pip | 3 | 3 | 3 |
| Floating Spread, pip | 0.5 | 0.5 | 3 |
| Order distance, pip | 6 | 6 | 6 |
| Swap, pip (Long/Short) | -0.05 / -0.91 | -0.05 / -0.91 | -0.05 / -0.91 |
| Digits | 0.0001 | 0.0001 | 0.0001 |
|
Available volumes | >=10000.00 USD | 100.00 – 100000.00 USD | >=100.00 USD |
| Contract size | -/- | -/- | -/- |
|
1 pip value per 100000 | 10 CAD | 10 CAD | 10 CAD |
| Options | Standard-Fixed | Micro-Fixed | Demo-Fixed | PAMM-Fixed |
|---|---|---|---|---|
| Fixed spread, pip | 3 | 3 | 3 | 3 |
| Order distance, pip | 6 | 6 | 6 | 6 |
| Swap, pip (Long/Short) | -0.05 / -0.91 | -0.05 / -0.91 | -0.05 / -0.91 | -0.05 / -0.91 |
| Digits | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
|
Available volumes | 0.1 – 10000 lot | 0.01 – 1 lot | 0.01 – 10000 lot | 0.01 – 10000 lot |
| Lot size | 100000 USD | 100000 USD | 100000 USD | 100000 USD |
|
1 pip value per 1 lot | 10 CAD | 10 CAD | 10 CAD | 10 CAD |
| Options | Standard-Floating | Micro-Floating | Demo-Floating | PAMM-Floating |
|---|---|---|---|---|
| Floating Spread, pip | 0.5 | 0.5 | 3 | 3 |
| Order distance, pip | 6 | 6 | 6 | 6 |
| Swap, pip (Long/Short) | -0.05 / -0.91 | -0.05 / -0.91 | -0.05 / -0.91 | -0.05 / -0.91 |
| Digits | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
|
Available volumes | 0.1 – 10000 lot | 0.01 – 1 lot | 0.01 – 10000 lot | 0.01 – 10000 lot |
| Lot size | 100000 USD | 100000 USD | 100000 USD | 100000 USD |
|
1 pip value per 1 lot | 10 CAD | 10 CAD | 10 CAD | 10 CAD |
USD CAD Trading Hours
USD CAD trading hours are the time when investors can buy and sell USD CAD. The USD CAD is traded on multiple exchanges around the world. This means that investors have many different opportunities to trade USD CAD during different trading hours. Depending on where you live, you may be able to trade USD CAD at any time throughout the day or night. For those who want to take advantage of these opportunities, it is important to know when USD CAD trading hours begin and end.
Technical Analysis
The USDCAD technical analysis of the price chart on 4-hour timeframe shows USDCAD,H4 is rebounding after testing the 200-period moving average MA(200) which is declining itself. We believe the bullish movement will continue after the price rises above the upper Donchian boundary at 1.37280. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 1.36723. After placing the order, the stop loss is to be moved to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex -
Canadian consumer inflation remained steady in June. Will the USDCAD price rebounding persist?
Canada’s statistics agency Statistics Canada reported that Canada’s Trimmed Consumer Price Index (CPI) - the Bank of Canada’s preferred gauge of consumer inflation – remained unchanged at 3% in June, well above central bank’s 2% target. Another Bank of Canada main measure of inflation — the median consumer prices index – ticked up to 3.1% when no change was expected. At the same time, the Consumer Price Index rose 1.9% on a year-over-year basis in June, up from a 1.7% increase in May. Sticky Canadian inflation supports the view that the Bank of Canada will pause its easing cycle and could even tighten further if inflation persists, which is bullish for Canadian dollar and bearish for USDCAD currency pair. However, the current setup is bullish for USDCAD.
| Indicator | Signal |
| RSI | Neutral |
| MACD | Neutral |
| Donchian Channel | Neutral |
| MA(200) | Buy |
| Fractals | Buy |
| Parabolic SAR | Buy |
Trade Currency Pairs and discover the benefits of Forex trading with IFC Markets
Currency Pair USDCAD | Forex | Major
The US dollar (USD, “Greenback”) is the most widely traded currency in the world. The issuer is the Federal Reserve System(the Fed).
- Is the most popular reserve currency, held by central banks, financial institutions and private investors
- Is considered as a “safe haven” currency in periods of instability due to universally recognized reliability of the US economy
- Is used as a standard payment unit in commodity markets
