USD/CAD Forecast January 6, 2014, Technical Analysis
The USD/CAD pair fell during the bulk of the session on Friday, but as you can see showed support at the 1.06 handle yet again. This is the bottom of a consolidated area that the market has...
Tag: USDCAD
USD/CAD Forecast January 3, 2014, Technical Analysis
The USD/CAD pair fell during the bulk of the session on Thursday, but found the 1.06 handle supportive yet again. We believe this continues the consolidation pattern of 1.06 be in the bottom, while 1.07 or so...
USDCAD Daily Analysis – January 3, 2014
USDCAD moved sideways in a range between 1.0561 and 1.0737. As long as 1.0561 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.0182 (Sept 19 low), and another...
USD/CAD Forecast January 2, 2014, Technical Analysis
The USD/CAD pair fell during the session on Tuesday, but as you can see as we start to trade in 2014, we will be approaching the 1.06 level. This area has been supportive recently, and the bottom of a...
USD/CAD Forecast December 31, 2013, Technical Analysis
The USD/CAD pair fell hard during the session on Monday, and as you can see is reaching towards the 1.06 level in order to find support yet again. With that being the case, looks like we’re going to continue...
USDCAD Daily Analysis – December 31, 2013
USDCAD stays within a upward price channel on 4-hour chart, and remains in uptrend from 1.0182 (Sept 19 low). Key support is located at the lower line of the channel, as long as the channel support holds,...
USDCAD Daily Analysis – December 30, 2013
USDCAD is facing 1.0737 resistance, a break above this level will signal resumption of the uptrend from 1.0182 (Sept 19 low), then next target would be at 1.0900 area. Key support is located at the lower line...
USDCAD Weekly Analysis – December 29, 2013
USDCAD stays within a upward price channel on daily chart, and remains in uptrend from 1.0182, the price action in the trading range between 1.0561 and 1.0737 could be treated as consolidation of the uptrend. Key support...
USD/CAD Forecast December 30, 2013, Technical Analysis
The USD/CAD pair initially fell on Friday, but as you can see the 1.06 level exerted is influence again, pushing the markets much higher. We ultimately closed above the 1.07 handle, and as a result we think...
USD/CAD Forecast December 27, 2013, Technical Analysis
The USD/CAD pair fell during the bulk of the session on Thursday, but found enough support just above the 1.06 handle in order to bounce and form a hammer. This hammer of course suggests that the area...