submitted by Maxvelgus to Finance_analytics [link] [comments]
Fundamental forecast for Forex currencies for August
Selling the U.S. dollar as a safe-haven asset may have gone too farTo say that July was successful for fans of statistical analysis with a fundamental perspective is an understatement! Selling USD/NOK and USD/SEK has increased the deposit by a total of 10.1%, buying Australian and Canadian dollars against the American dollar has increased it by 4.5%. The Norwegian krone managed to simply hold out against the hugely popular euro, while the Swedish krona gained 1.5% against it. Indeed, Vikings are on the warpath! It will be all the more interesting to observe the influence of the seasonal factor on the exchange rates in Forex at the end of the summer.
The Japanese yen and the Swiss franc usually feel the best in August, strengthening in 26 and 25 cases respectively out of 45. The clear outsiders were the Australian and New Zealand dollars, as well as the British pound, which finished two last months of the summer in 1975-2019 in the red zone.
Source: BoE, calculation by LiteForex.
For more information follow the link to the website of the LiteForex
USD/CAD Forecast Canadian Dollar September 22, 2020 suggests an attempt to test the support area near the level of 1.3155. Further, continued growth to the area above the level of 1.3345. An additional signal in favor of the rise of the Canadian Dollar on Forex will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option for USD/CAD quotes will be a ... USD/CAD Price Forecast: USD/CAD underwent a significant reversal this week, slipping from 1.3369 to 1.3035 With risk appetite raging, the Canadian Dollar may look to press its advantage if support ... US Dollar to Canadian Dollar forecast for December 2021. In the beginning rate at 1.260 Canadian Dollars. High exchange rate 1.290, low 1.252. The average for the month 1.268. The USD to CAD forecast at the end of the month 1.271, change for December 0.9%. USD to CAD forecast for January 2022. In the beginning rate at 1.271 Canadian Dollars ... "Should I invest in USD to CAD Currency Pair?" "Should I trade USD/CAD pair today?" According to our Forecast System, USD to CAD Forex pair is a not so good long-term (1-year) investment*. "United States Dollar / Canadian Dollar" exchange rate predictions are updated every 5 minutes with latest Forex (Foreign Exchange) rates by smart technical market analysis. USD/CAD Daily Forecast – U.S. Dollar Gains Ground Against Canadian Dollar - November 12, 2020 Seven Canadian seafood companies benefit from CAD 1.8m in loans, grants - November 12, 2020 Dollar to Canadian Dollar Forecast, Long-Term Forex Rate Predictions for Next Months and Year: 2020, 2021 Walletinvestor.com Detailed Trend Components of the USD/CAD Forecast & Prognosis Please check with each bank to ensure the forecast is up to date and correct. Please note, forecasts and predictions may not come true! For a more in-depth look at some of the factors behind the forecast, please read our monthly outlook.. If you’re looking for the Canadian dollar forecast for tomorrow, next week, or next month, visit our blog or refer to the table above.
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