Important Information

This website is managed by Ultima Markets’ international entities, and it’s important to emphasise that they are not subject to regulation by the FCA in the UK. Therefore, you must understand that you will not have the FCA’s protection when investing through this website – for example:

  • You will not be guaranteed Negative Balance Protection
  • You will not be protected by FCA’s leverage restrictions
  • You will not have the right to settle disputes via the Financial Ombudsman Service (FOS)
  • You will not be protected by Financial Services Compensation Scheme (FSCS)
  • Any monies deposited will not be afforded the protection required under the FCA Client Assets Sourcebook. The level of protection for your funds will be determined by the regulations of the relevant local regulator.

Note: UK clients are kindly invited to visit https://www.ultima-markets.co.uk/. Ultima Markets UK expects to begin onboarding UK clients in accordance with FCA regulatory requirements in 2026.

If you would like to proceed and visit this website, you acknowledge and confirm the following:

  • 1.The website is owned by Ultima Markets’ international entities and not by Ultima Markets UK Ltd, which is regulated by the FCA.
  • 2.Ultima Markets Limited, or any of the Ultima Markets international entities, are neither based in the UK nor licensed by the FCA.
  • 3.You are accessing the website at your own initiative and have not been solicited by Ultima Markets Limited in any way.
  • 4.Investing through this website does not grant you the protections provided by the FCA.
  • 5.Should you choose to invest through this website or with any of the international Ultima Markets entities, you will be subject to the rules and regulations of the relevant international regulatory authorities, not the FCA.

Ultima Markets wants to make it clear that we are duly licensed and authorised to offer the services and financial derivative products listed on our website. Individuals accessing this website and registering a trading account do so entirely of their own volition and without prior solicitation.

By confirming your decision to proceed with entering the website, you hereby affirm that this decision was solely initiated by you, and no solicitation has been made by any Ultima Markets entity.

I confirm my intention to proceed and enter this website Please direct me to the website operated by Ultima Markets , regulated by the FCA in the United Kingdom

Important Notice

Ultima Markets does not have an establishment in Singapore and does not operate from Singapore.

Ultima Markets does not provide products or services to citizens or residents of Singapore, and account applications from Singapore citizens or residents will not be accepted.

If you are a citizen or resident of Singapore, please do not open an account or use Ultima Markets’ products or services.

By selecting “Acknowledge and Continue Browsing”, you confirm that you are accessing this website on your own initiative and that your access is not the result of any direct marketing, targeted advertising, solicitation, or promotional activity by Ultima Markets.

Nothing on this website constitutes an offer, solicitation, or promotion of products or services in any jurisdiction where such activity is prohibited. You are responsible for ensuring that your access to and use of this website complies with applicable local laws and regulations.

Acknowledge and Enter the Website
Centro competenze
Ricerca
Strumenti di trading
Roll Arrow

Focus on USD/CAD Today – 5th October 2023

Comprehensive USD/CAD Analysis For October 5, 2023

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USD/CAD for 5th October 2023. 

Key Takeaways

  • U.S. Economic Data: The release of subpar U.S. economic data acted as a catalyst for market movements. This data sent shockwaves through the forex market, causing traders to react by selling off the U.S. dollar.
  • Crude Oil Market: Another significant factor was the impending destruction of crude oil demand. This development, coupled with the gloomy macroeconomic outlook, played a substantial role in shaping the forex landscape. As crude oil prices began to fall, the depreciation of currencies in energy-exporting countries gained momentum.
  • Canadian Dollar’s Depreciation: The Canadian dollar, in particular, saw a short-term depreciation trend that intensified due to the interplay of these factors.

USD/CAD Technical Analysis

USD/CAD Weekly Chart

The weekly chart of USD/CAD in October 2023 revealed a pivotal development. The closing line for the week was on the verge of breaking through the suppression of the downward trend line, which had been in place since October of the previous year. Furthermore, the stochastic oscillator was on the cusp of reaffirming the upward trend.

USD/CAD Weekly Chart

(Weekly chart of USD/CAD, source: Ultima Markets MT4) 

USD/CAD 4-Hour Chart Analysis

Zooming in on the 4-hour chart, we identified a weakening of prices following the recent breach of the weekly downward trend line. The stochastic oscillator displayed a divergent downward trend, indicating that the exchange rate was likely entering an adjustment cycle.

USD/CAD 4-Hour Chart Analysis

(4-hour chart of USD/CAD, source: Ultima Markets MT4) 

USD/CAD 1-Hour Chart Insights

On the 1-hour chart, the 23.6% retracement level at 1.36923 emerged as an extremely critical support price. This level could potentially mark the end of the downward trend. Conversely, falling below this level would signify a breach of the weekly downward trend line, casting doubts on the legitimacy of the recent upward trend.

USD/CAD 1-Hour Chart Insights

(1-hour chart of USD/CAD, source: Ultima Markets MT4) 

USD/CAD Pivot Indicator

(1-hour chart of USD/CAD, source: Ultima Markets MT4) 

According to the pivot indicator in Ultima Markets MT4, the central price of the day was 1.37375. 

  • Bullish above 1.37375, the first target is 1.37846, the second target is 1.38264 
  • Bearish below 1.37375, first target 1.36966, second target 1.36495 

Conclusion

In conclusion, October 2023 brought about a series of significant fundamental and technical developments in the USD/CAD forex market. Traders were faced with key decision points, influenced by a variety of factors, from U.S. economic data to crude oil prices.

The forex market remains inherently volatile, emphasizing the importance of informed, strategic, and responsive trading decisions.

At Ultima Markets, we are committed to providing valuable market insights to empower your trading decisions.

While this article offers a comprehensive overview of the USD/CAD situation in October 2023, it’s essential to keep a watchful eye on market developments and continue refining your trading strategies to stay ahead in the competitive world of forex trading.

Legal Documents 

Ultima Markets, a trading name of Ultima Markets Ltd, is authorized and regulated by the Financial Services Commission “FSC” of Mauritius as an Investment Dealer (Full-Service Dealer, excluding Underwriting) (license No. GB 23201593). The registered office address: 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius. 

Disclaimer

Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.

Copyright © 2023 Ultima Markets Ltd. All rights reserved. 

Condividi Ora

  • Article Details
  • Article Details
  • Article Details
Apri un Account Live Apri un Account Demo

Articoli Recenti

Visualizza Altri Articoli

Mercati

Commercio

Tipi di conto

Risorse

Chi siamo

SEGUICI

app_store google_play
icon

Ultima Markets è membro di The Financial Commission, un organismo internazionale indipendente responsabile della risoluzione delle controversie nei mercati Forex e CFD.

icon

Tutti i clienti di Ultima Markets sono protetti da copertura assicurativa fornita da Willis Towers Watson (WTW), un broker assicurativo globale fondato nel 1828, con eleggibilità dei reclami fino a 1.000.000 dollari per conto.

INFORMATIVA SUI RISCHI

Avviso di Rischio:
Il trading di prodotti finanziari con leva, inclusi i Contratti per Differenza (CFD), comporta un elevato livello di rischio e può comportare perdite superiori al capitale inizialmente investito. Questi prodotti non sono adatti a tutti gli investitori e dovrebbero essere utilizzati solo con fondi che si è disposti a perdere. Non si detiene la proprietà né alcun diritto sugli asset sottostanti di questi derivati (ad esempio, il diritto a dividendi). Assicurati di comprendere appieno i rischi associati. Prima di iniziare a fare trading, valuta attentamente la tua esperienza, i tuoi obiettivi di investimento e, se necessario, consulta un consulente finanziario indipendente. Ti invitiamo a leggere attentamente i nostri documenti legali e informativi prima di prendere qualsiasi decisione operativa.

Avviso Generale:
Le informazioni fornite su questo sito web sono di carattere generale e non tengono conto dei tuoi obiettivi, della tua situazione finanziaria o delle tue esigenze personali. Prima di agire sulla base di qualsiasi consiglio, dovresti valutarne l’adeguatezza rispetto alla tua situazione specifica e consultare la nostra documentazione legale.

Restrizioni Regionali:
Le informazioni e i servizi presenti su questo sito non sono destinati ai residenti di determinate giurisdizioni, inclusi, ma non limitati a, Stati Uniti, Regno Unito, Singapore e qualsiasi giurisdizione soggetta a sanzioni internazionali. Per ulteriori informazioni, ti invitiamo a contattare il nostro servizio clienti.

Informazioni Regolamentari:
Ultima Markets è un marchio commerciale condiviso tra diverse entità operative in varie giurisdizioni. Le seguenti società sono autorizzate a operare sotto il marchio e i trademark Ultima Markets.

  • Ultima Markets UK Limited, numero di riferimento 470325, è autorizzata e regolamentata dalla Financial Conduct Authority (FCA). Sede legale: 1 Blossom Yard, Quarto Piano, Londra, E1 6RS, Regno Unito.

  • Ultima Markets (Mauritius) Ltd è autorizzata e regolamentata dalla Financial Services Commission (FSC) di Mauritius come Full-Service Investment Dealer (esclusa l’attività di underwriting), con numero di licenza GB 23201593.

    Indirizzo registrato: 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius.

  • Ultima Markets EU OÜ è costituita in Estonia con codice di registrazione 17134727. Indirizzo registrato: Harju maakond, Tallinn, Kristiine linnaosa, Seebi tn 1-1501, 11316. Ultima Markets EU OÜ facilita servizi per conto di altre entità autorizzate del gruppo Ultima Markets, inclusi, ma non limitati a, servizi di pagamento. Questa entità non offre prodotti finanziari regolamentati né fornisce servizi di trading

  • Ultima Markets (Pty) Ltd è un Fornitore di Servizi Finanziari autorizzato (FSP n. 52497), autorizzato e regolamentato dalla Financial Sector Conduct Authority ("FSCA") del Sudafrica. Ultima Markets (Pty) Ltd non è l’emittente né il market maker dei prodotti derivati resi disponibili tramite il FSP. Opera esclusivamente come intermediario, ai sensi del Financial Advisory and Intermediary Services Act, 2002 ("FAIS Act"), tra i clienti e Ultima Markets (Mauritius) Ltd ("Fornitore del Prodotto"). I suoi servizi sono limitati alla fornitura di servizi di intermediazione relativi ai prodotti derivati emessi dal Fornitore del Prodotto. Pertanto, Ultima Markets (Pty) Ltd non agisce come principale, emittente, market maker o controparte in alcuna transazione dei clienti. Sede Legale: NORWICH PLACE WEST, 2° PIANO, CNR 5TH E NORWICH, SANDOWN, SANDTON, GAUTENG 2031, SUDAFRICA.

Ultima Markets Logo in Black Colour

Copyright © 2026 Ultima Markets (Mauritius) Ltd. Tutti i diritti riservati.

Salve, come possiamo aiutarvi?
打开 linee 的二维码

Grazie per aver visitato il sito web di Ultima Markets. Si prega di notare che questo sito è destinato a individui residenti in giurisdizioni in cui l’accesso è consentito dalla legge. Ultima e le sue entità affiliate non operano nella tua giurisdizione di residenza.

Cliccando su ‘Conferma’, confermi di accedere a questo sito esclusivamente su tua iniziativa e non a seguito di attività di marketing specifiche. Desideri ottenere informazioni da questo sito sulla base del principio di reverse solicitation, in conformità con le leggi applicabili nella tua giurisdizione.

Conferma ed entra nel sito