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

 

◘ COMPARE USDCAD BROKERS & TRADING TERMS

In the following table, you may find a basic comparison of regulated Forex Brokers trading USDCAD

Table: Compare USDCAD Forex Trading Cost

USDCAD FOREX BROKER
□ USDCAD SPREAD	1.9 pip on USDCAD (without trading commissions)	0.25-0.80 pip on USDCAD	1.0 pip on USDCAD	1.0 pip on USDCAD
□ TRADING COMMISSIONS	NO	YES $7/full traded lot	YES $7/full traded lot	YES $7/full traded lot
□ PLATFORMS	MT4/MT5 RStocks Trader	MT4/MT5 Ctrader	MT4/MT5	MT4/MT5
□ AUTO-TRADING	Fully Allowed Free VPS	Fully Allowed Free VPS	Fully Allowed Free VPS NY4 and LD5 IBX Equinix	Fully Allowed
□ REGULATION	FSC 000138/7 (Belize)	FSC (Mauritius) -License Number: GB21026834	FSC of the Republic of Vanuatu (No. 40313)	MFSA (Malta) FSC (Mauritius)
□ ACCOUNT INFO	35 Forex pairs Min. Deposit: 200 USD Funding Methods: Cards | Bank Wire | Skrill PerfectMoney | Neteller » Review RoboForex	65 Forex pairs Min. Deposit: 200 USD Funding Methods: Credit Cards | Bank Wire Skrill | PayPal | Neteller » Review IC Trading	61 Forex pairs Min. Deposit: 200 USD Funding Methods: Credit Cards | Bank Wire Skrill | UnionPay | Neteller » TitanFx Review	65 Forex pairs Min. Deposit: 100 USD Funding Methods: Credit Cards | Bank Wire UnionPay | Neteller » Review FXDD
□ WEBSITE	» RoboForex Website	» IC Trading Website	» TitanFx Accounts	» FXDD Accounts

 

■ USD/CAD Statistics

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