The USD/CAD pair went back and forth during the session on Wednesday, essentially printing a neutral candle. This is a very indecisive candle after a couple of hammers, so it appears of this market once the go...
The USD/CAD pair fell during the bulk of the session on Tuesday, but as you can see found enough support near the 1.03 handle in order to bounce and form a nice looking hammer. This hammer of...
The USD/CAD pair fell during the session on Monday, but found enough support near the 1.0270 handle in order to bounce and form a nice looking hammer. This hammer is essentially focused on the 1.03 area, and...
USDCAD remains in downtrend from 1.0568, the rise from 1.0182 is likely consolidation of the downtrend. Resistance is at 1.0380, as long as this level holds, the downtrend could be expected to resume, and another fall towards...
The USD/CAD pair attempted to rally during the session on Friday, but as you can see failed and formed a shooting star. The shooting star is indicative of a market that’s confused considering that we had formed...
The USD/CAD pair tried to rally during the session on Thursday, but as you can see failed to hang onto the gains and closed near the 1.03 handle. The shooting star is a direct contradiction to the...
The USD/CAD pair rose slightly during the session after initially falling on Wednesday, forming a relatively decent looking hammer. We believe that the market is trying to grind higher, but that’s the key phrase “grind.”
The USD/CAD pair fell initially during the session on Tuesday, but as you can see bounced enough to form a fairly supportive of green candle. The 1.03 level has offered enough support to produce this candle, and...
The USD/CAD pair fell slightly during the session on Monday, looking very much like a pair that wants to continue to consolidate in this general vicinity. We feel that there is a significant amount of support somewhere...
USDCAD’s downward movement extended to as low as 1.0182. Further decline is still possible, and next target would be at 1.0000 area. Resistance is at 1.0420, only break above this level could trigger another rise towards 1.0750.
