USD/CAD faces renewed pressure as Trump’s tariff threats escalate trade tensions, weighing on the Canadian dollar. Mixed Canadian data and softer oil demand compound loonie weakness, while stronger US inflation supports the greenback. Watch key resistance near 1.3850 as uncertainty keeps volatility elevated. #USDCAD #ForexForecast
Elliott Wave analysis of gold suggests the current corrective wave (4) is nearing completion after a complex consolidation since 2020. A bullish wave (5) advance may drive gold to new all-time highs by late 2025 and beyond, reflecting continued macroeconomic and geopolitical influences. Stay tuned for key trend shifts.
Gold’s Elliott Wave pattern suggests a potential bullish breakout ahead. After completing a five-wave advance from $1,810 to $2,420 followed by an A-B-C correction down to near $2,050–$2,100, the correction appears close to completion. This sets the stage for a new upward impulse potentially pushing gold above $2,600 in the months ahead. Traders and investors should monitor key Fibonacci support and RSI signals to confirm momentum. In a volatile global environment, Elliott Wave analysis offers valuable insights into gold’s price trajectory as we move through 2025.
USD/CAD climbs as the Canadian dollar weakens amid ongoing U.S. trade tensions and oil price volatility. Rising risk aversion boosts the U.S. dollar, while Canada’s reliance on oil exports and trade with the U.S. adds pressure on the loonie. Market uncertainty likely to keep volatility high. Source: Ammar Al Masri, Economies.com
USD/CAD trades near 1.3600 with neutral bias, trapped between support at 1.3569 and resistance near 1.3666. Watch for a breakout to signal next move—bullish above 1.3666 targets 1.3860, bearish below 1.3569 may test 1.3407. #USDCAD https://www.actionforex.com/technical-outlook/usdcad-outlook/603510-usd-cad-daily-outlook-2174/
USD/CAD holds firmly above 1.3650 amid a strong US Dollar supported by hawkish Fed outlook and rising Treasury yields, while the CAD weakens due to falling oil prices below $80 on global demand concerns. Traders eye key data next. #USDCAD
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