The USD/CAD pair fell during the session on Monday, showing the 1.10 level to be resistive. With that, we are still bullish but we recognize that we need to get above the 1.10 level in order to...
USDCAD is now in uptrend from 1.0857. Further rise would likely be seen, and the target would be at 1.1100 area. Support levels are at 1.0915, and 1.0857, only break below these levels could trigger another fall...
USDCAD broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 1.1278 had completed at 1.0857 already. The pair is now in uptrend. Further rise could be expected and the...
USDCAD broke below 1.0910 support, indicating that the uptrend from 1.0182 had completed at 1.1278 already. Deeper decline could be expected after consolidation, and next target would be at 1.0600 area. Resistance levels are at 1.1100 and...
The USD/CAD pair rose during the session on Friday again, and as it appears the market looks as if it is trying to break out above that area, but if we can get above there we believe...
The USD/CAD pair rose during the session on Thursday, bouncing off of the 1.0850 level. This area of course is trying to offer some type of support for a market that has broken down significantly. A break...
USDCAD remains in downtrend from 1.1278, the rise from 1.0857 is likely consolidation of the downtrend. Resistance is located at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds,...
Economic data released out of Japan and China pointed towards an economy much slower than current market prices as well as currency crosses suggested. Forex traders have been slow to react to the economic disappointments which mean...
USDCAD’s downward movement extended to as low as 1.0857. Resistance is now at 1.0955, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.0750 area. Only break...
The USD/CAD market fell during the session on Wednesday, breaking below the 1.09 handle. Although we did not collapse, we do fear that this market is probably going to go lower, thereby causing us to sell this...
