Check historical price trends and seasonality for USDCAD (USDCAD=X).
USDCAD (USDCAD=X) average YTD return over the past 10 years is +0.50%.
Over the past 10 years, the return for the specified period (Jan 18 for 7 days) is -0.19%.
3 wins 5 losses with a win rate of 37.50%.
1) Overview:
USDCAD tends to experience a bullish phase around late March, peaking on March 25 with an average gain of +0.7%. A significant bearish trend is observed from June through early September, bottoming out around July 5 with an average loss of -1.5%. The currency pair then consolidates with minor positive movements towards the end of the year, stabilizing around December 31 with a gain of +0.0%.
2) Buy-the-dip points:
The most significant buying opportunity appears during the extended bearish period from June to early September. Specifically, the period around July 5, where the average loss reaches -1.5%, presents a potential entry point for long positions, anticipating a rebound later in the year. Another potential, albeit smaller, buying opportunity arises in mid-April, with pullbacks reaching -0.9% around April 14.
3) Summary:
Based on the 10-year average seasonality, a strategic approach to USDCAD involves considering long positions around late June/early July, capitalizing on the currency pair's tendency to rebound after its seasonal low. Conversely, consider reducing long exposure or initiating short positions in late March as the bullish trend fades. Monitoring global economic factors and news events is crucial to confirm these seasonal tendencies.
| Year | Start Date | Start Price | End Date | End Price | Return | Rate (%) |
|---|---|---|---|---|---|---|
| 2024 | 2024-01-18 | 1.3503 | 2024-01-24 | 1.3456 | -0.0047 | -0.35 |
| 2023 | 2023-01-18 | 1.3390 | 2023-01-24 | 1.3370 | -0.0020 | -0.15 |
| 2022 | 2022-01-18 | 1.2516 | 2022-01-24 | 1.2561 | 0.0045 | 0.36 |
| 2021 | 2021-01-18 | 1.2765 | 2021-01-24 | 1.2647 | -0.0118 | -0.92 |
| 2019 | 2019-01-18 | 1.3280 | 2019-01-24 | 1.3341 | 0.0061 | 0.46 |
| 2018 | 2018-01-18 | 1.2437 | 2018-01-24 | 1.2414 | -0.0023 | -0.18 |
| 2017 | 2017-01-18 | 1.3062 | 2017-01-24 | 1.3238 | 0.0176 | 1.35 |
| 2016 | 2016-01-18 | 1.4578 | 2016-01-24 | 1.4271 | -0.0307 | -2.11 |
| Avg | 1.3191 | 1.3162 | 0.00 | -0.19 |
| Day \ Month | Jan Total +0.10% | Feb Total +0.24% | Mar Total +0.26% | Apr Total -0.54% | May Total +0.02% | Jun Total -0.45% | Jul Total -0.35% | Aug Total +0.16% | Sep Total +0.80% | Oct Total +0.68% | Nov Total +0.21% | Dec Total -0.52% |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Avg -0.04% | 0.00% | -0.22% | +0.23% | -0.11% | +0.03% | +0.03% | -0.13% | -0.05% | -0.12% | -0.24% | +0.21% | -0.10% |
| 2 Avg +0.00% | +0.10% | -0.09% | -0.07% | -0.02% | +0.10% | -0.25% | +0.08% | +0.23% | +0.04% | +0.02% | -0.08% | -0.06% |
| 3 Avg +0.02% | +0.01% | +0.22% | -0.09% | -0.05% | +0.09% | -0.20% | -0.11% | +0.13% | +0.04% | +0.29% | -0.12% | -0.01% |
| 4 Avg -0.02% | +0.36% | -0.38% | +0.18% | -0.16% | +0.24% | +0.01% | -0.12% | -0.08% | +0.13% | -0.09% | -0.10% | -0.27% |
| 5 Avg -0.04% | -0.21% | +0.15% | +0.03% | +0.02% | -0.05% | -0.07% | -0.23% | -0.11% | -0.08% | 0.00% | +0.11% | 0.00% |
| 6 Avg +0.04% | +0.03% | +0.18% | +0.08% | +0.15% | +0.03% | -0.06% | +0.31% | -0.11% | -0.09% | +0.07% | -0.18% | +0.05% |
| 7 Avg -0.01% | -0.14% | +0.13% | -0.04% | +0.09% | -0.07% | -0.26% | +0.15% | +0.12% | -0.21% | +0.17% | -0.08% | +0.04% |
| 8 Avg +0.03% | -0.04% | +0.13% | +0.03% | +0.07% | -0.17% | -0.10% | +0.13% | +0.25% | +0.06% | -0.03% | +0.01% | -0.04% |
| 9 Avg +0.04% | -0.07% | +0.07% | +0.44% | -0.10% | +0.25% | -0.03% | -0.04% | -0.10% | +0.11% | -0.06% | -0.15% | +0.11% |
| 10 Avg 0.00% | -0.03% | -0.05% | -0.09% | -0.17% | -0.04% | +0.21% | -0.05% | +0.08% | -0.04% | +0.06% | +0.12% | 0.00% |
| 11 Avg -0.03% | +0.22% | +0.05% | +0.12% | -0.31% | -0.12% | -0.05% | -0.03% | -0.13% | +0.04% | -0.04% | -0.03% | -0.07% |
| 12 Avg -0.02% | -0.08% | -0.04% | -0.13% | -0.03% | +0.08% | +0.11% | +0.07% | -0.10% | -0.11% | -0.05% | +0.15% | -0.10% |
| 13 Avg -0.02% | -0.12% | -0.16% | 0.00% | -0.17% | +0.09% | +0.02% | -0.19% | +0.06% | -0.03% | +0.11% | +0.12% | +0.01% |
| 14 Avg -0.02% | +0.04% | -0.02% | -0.05% | -0.16% | +0.04% | +0.05% | -0.08% | -0.14% | +0.21% | -0.12% | +0.07% | -0.07% |
| 15 Avg +0.04% | -0.06% | -0.12% | +0.10% | +0.07% | +0.04% | +0.17% | +0.02% | +0.12% | +0.03% | -0.01% | +0.01% | +0.07% |
| 16 Avg -0.02% | -0.06% | -0.08% | -0.08% | +0.29% | -0.15% | -0.13% | +0.03% | +0.20% | -0.05% | -0.02% | -0.20% | +0.07% |
| 17 Avg +0.01% | +0.16% | +0.11% | -0.17% | -0.14% | -0.18% | +0.19% | +0.06% | -0.08% | +0.07% | -0.03% | +0.10% | +0.01% |
| 18 Avg +0.06% | +0.18% | -0.19% | -0.06% | +0.10% | 0.00% | +0.21% | +0.05% | +0.12% | +0.05% | -0.07% | +0.15% | +0.12% |
| 19 Avg +0.03% | +0.15% | +0.11% | +0.25% | -0.08% | +0.07% | -0.04% | -0.10% | -0.14% | +0.08% | +0.03% | -0.15% | +0.13% |
| 20 Avg +0.06% | +0.10% | +0.03% | +0.06% | +0.12% | +0.03% | -0.03% | +0.12% | +0.16% | -0.07% | +0.04% | +0.07% | +0.07% |
| 21 Avg -0.01% | -0.28% | +0.07% | -0.10% | 0.00% | -0.09% | +0.02% | -0.06% | -0.14% | +0.20% | +0.01% | +0.21% | +0.03% |
| 22 Avg -0.01% | -0.04% | +0.13% | +0.05% | +0.06% | -0.14% | -0.08% | -0.16% | +0.08% | +0.08% | +0.06% | -0.09% | -0.05% |
| 23 Avg -0.01% | +0.06% | -0.02% | -0.05% | +0.03% | +0.09% | -0.15% | -0.09% | +0.08% | -0.02% | +0.07% | -0.10% | -0.01% |
| 24 Avg +0.01% | -0.08% | 0.00% | +0.19% | +0.08% | +0.09% | +0.07% | +0.04% | -0.18% | -0.05% | -0.02% | +0.02% | -0.02% |
| 25 Avg +0.01% | -0.03% | -0.08% | +0.06% | +0.16% | +0.05% | +0.01% | +0.06% | -0.02% | -0.03% | +0.09% | -0.09% | -0.01% |
| 26 Avg +0.01% | +0.04% | -0.01% | -0.25% | +0.05% | -0.06% | +0.03% | -0.05% | -0.12% | +0.26% | +0.12% | +0.15% | -0.06% |
| 27 Avg -0.03% | -0.13% | +0.13% | -0.17% | +0.03% | -0.24% | 0.00% | -0.04% | -0.10% | +0.26% | +0.07% | -0.11% | -0.10% |
| 28 Avg +0.03% | +0.09% | +0.18% | +0.05% | -0.06% | +0.03% | -0.04% | +0.04% | -0.11% | +0.08% | +0.01% | +0.11% | 0.00% |
| 29 Avg -0.04% | -0.09% | - | -0.11% | -0.20% | +0.06% | -0.09% | +0.02% | +0.20% | -0.20% | +0.04% | -0.03% | +0.01% |
| 30 Avg -0.01% | +0.04% | - | -0.17% | -0.12% | +0.09% | -0.03% | -0.05% | -0.17% | +0.17% | +0.09% | +0.13% | -0.14% |
| 31 Avg +0.01% | +0.02% | - | +0.01% | - | -0.18% | - | 0.00% | +0.23% | - | +0.09% | - | -0.12% |
| Rank | Stock | Avg Return (%) | Wins | Losses |
|---|
