USD/CAD Forecast August 6, 2013, Technical Analysis
The USD/CAD pair try to break above the 1.04 handle during the session on Monday, but as you can see failed and fell from that point. This suggests that this market is going to return to the...
Tag: USDCAD
USDCAD Analysis – August 3, 2013
USDCAD failed to break below 1.0137 support, and rebounded from 1.0245, suggesting that the fall from 1.0608 had completed. Further rise would likely be seen over the next several weeks, and next target would be at 1.0550...
USD/CAD Forecast August 5, 2013, Technical Analysis
The USD/CAD pair rose during the session on Friday, slamming into the 1.04 handle as resistance overcame it. That being the case, we feel that this market is trying to breakout, but we need to see a...
USD/CAD Forecast August 2, 2013, Technical Analysis
The USD/CAD pair rose during the session on Thursday, breaking the top of the range from the Wednesday candle. With that being said, it appears this market is going to try and make a run towards the...
USD/CAD Forecast August 1, 2013, Technical Analysis
The USD/CAD pair went back and forth during the session on Wednesday, essentially forming a relatively benign negative candle. In the end, you can see that we just got thrown around during the day and eventually didn’t...
USD/CAD Forecast July 31, 2013, Technical Analysis
The USD/CAD pair had a positive showing during the Tuesday hours, breaking above the 1.03 level towards the end of the day. This looks like the market that’s trying to bounce, but quite frankly we think that...
USD/CAD Forecast July 30, 2013, Technical Analysis
The USD/CAD pair went back and forth during the session on Monday, essentially going nowhere in the end. We find ourselves down near the 1.0250 handle, and as a result it looks like we are starting to...
USDCAD Analysis – July 27, 2013
USDCAD’s fall extends to as low as 1.0255. Further decline would likely be seen next week, and next target would be at 1.0150 area. Key support is at 1.0137, a breakdown below this level could signal completion...
USD/CAD Forecast July 29, 2013, Technical Analysis
The USD/CAD pair had a negative session on Friday, but as you can see it just barely fell. That being the case, it looks like the market is trying to grind itself lower, and at this point...
USD/CAD Forecast July 26, 2013, Technical Analysis
The USD/CAD pair fell during the session on Thursday, breaking well below the 1.03 handle yet again. At this point time, the market does look like it is struggling to fall, but in reality we feel that...