Canadian Dollar Trading | USDCAD Trading Hours | USDCAD Quote | IFCM Canada
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Canadian Dollar Trading - FX USD CAD

USDCAD Quote

Type:Forex

Group:Major

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Leverage 1:100
Margin 1000
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Status: Closed Trading
Change:
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USD/CAD Forex Trading Conditions

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NetTradeX
MetaTrader4
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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.

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Week dayServer time (CET)Local hours
Monday 00:00 — 23:00, 23:15 — 24:0000:00 — 23:00, 23:15 — 24:00
Tuesday00:00 — 23:00, 23:15 — 24:0000:00 — 23:00, 23:15 — 24:00
Wednesday00:00 — 23:00, 23:15 — 24:0000:00 — 23:00, 23:15 — 24:00
Thursday00:00 — 23:00, 23:15 — 24:0000:00 — 23:00, 23:15 — 24:00
Friday00:00 — 22:0000:00 — 22:00
Saturday
Sunday

Technical Analysis

The technical analysis of the USDCAD price chart on 1-hour timeframe shows USDCAD,H1 is retracing up to test the 200-period moving average MA(200) after hitting 1-week low today. We believe the bullish momentum will persist after the price breaches above the upper boundary of Donchian channel at 1.36926. 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 1.36751. 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 -

Decline of prices of raw materials in Canada reversed in Jun. Will the USDCAD price continue rebounding?

Prices of raw materials in Canada, as measured by Raw Materials Price Index (RMPI), rose 2.7% over month in June after 0.7% drop in May when an 0.1% decline was expected. RMPI grew 1.1% year over year, rebounding from a revised 3.2% decline in May. The increase was primarily driven by a 6.8% increase in crude energy prices. Meanwhile, metal ores, concentrates, and scrap prices gained 1.4%, led by a 10.3% surge in silver ores, concentrates and mill bullion prices. Agricultural product prices rose 2.0%, the largest monthly gain since April 2024, boosted by higher hog prices - up 7.9% - supported by strong pork exports and seasonal demand. Rising raw materials prices are bullish for Canadian currency and bearish for USDCAD currency pair. However, the current setup is bullish for USDCAD.

IndicatorSignal
RSI Neutral
MACD Buy
Donchian Channel Buy
MA(200) Sell
Fractals Neutral
Parabolic SAR Buy
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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
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