FX:USDCAD   U.S. Dollar / Canadian Dollar
83 0 6
This is a weekly chart of USDCAD             and we can see how its moving against oil             :
Canada’s economy is dependent on exports, with about 85% of its exports going to its big brother down south, the U.S. Because of this, USD/CAD             can be greatly affected by how U.S. consumers react to changes in oil             prices.

If U.S. demand rises, manufacturers will need to order more oil             to keep up with demand. This can lead to a rise in oil             prices, which might lead to a fall in USD/CAD             .

If U.S. demand falls, manufacturers may decide to chill out since they don’t need to make more goods. Demand in oil             might fall, which could hurt demand for the CAD.
Put this in your mind when you want to trade USDCAD             . Wish for all the best
Comment: This is 1 hour chart : when oil is up , USDCAD is down :
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out