USDCAD

USDCAD STATISTICS

USDCAD STATISTICS

The Canadian Dollar is a commodity currency, as Canada is a major exporter of oil, gas, ferrous, and non-ferrous metals. The Canadian Dollar is positively correlated to the price of Crude Oil. Canada exports daily about 2 million oil barrels to the United States, while 85% of all Canada’s exports are going in the US.

 

◘ USDCAD SEASONAL PATTERNS:

According to our data {2000-2018} these are the best months to go long/short on USDCAD:

BEST MONTHS FOR LONG TRADES ()

  • OCTOBER, average returns +0.73%, times (11-7), and +0.05% momentum

RECENT 5 PERIODS: 4 bullish out of 5

RELIABILITY: a reliable seasonal pattern, after 2011 (☆☆☆)

BEST MONTHS FOR SHORT TRADES ()

  • APRIL, average negative returns -1.11%, times (5-14), and -0.94% momentum

RECENT 5 PERIODS: 4 bearish out of 5

RELIABILITY: a considerably reliable seasonal pattern (☆☆☆☆)

The full statistics of the pair are presented in the book (licensed by G. Protonotarios): ► The Hidden Patterns Behind 15 Forex Pairs: Revealing Momentum and Seasonal Patterns Based on 18.5 Years of Daily Exchange Rates

 

◘ CORRELATIONS

  • The correlation between the CADUSD and the oil price is very high (read more here)
  • CADUSD and Oil Price 0.75-0.80 positive correlation

 

 

USD/CAD Central Banks

» US Federal Reserve » Canadian Central Bank

 

USD/CAD Statistics

TradingCenter.org (c)

 

L MORE PAIRS

• PAIRS

» EURUSD » GBPUSD » USDJPY » USDCHF » USDCAD » AUDUSD
  » NZDUSD » EURJPY » EURCHF » EURNZD » EURAUD » EURCAD
  » EURGBP » GBPJPY » GBPCHF      

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