The dollar seems to have retreated from its rallies at the start of this week, as traders may have booked profits off key inflection points for the major pairs. USD/CAD, in particular, has found resistance at the...
The USD/CAD pair fell during the session on Monday, as the 1.03 level offered resistance again. The candle does look rather negative, but it did not wipe out the gains from the Friday session, meaning that we...
USDCAD is facing 1.0341 resistance, a break above this level will indicate that the uptrend from 0.9632 has resumed, then further rise to 1.0500 area could be seen.
The USD/CAD pair had a smashing day on Friday as it took off to the upside gaining almost 130 pips. Looking at this candle, it’s obvious that the market is bullish, but the 1.03 level did of...
The USD/CAD pair had a positive session during the Thursday trading hours, breaking back towards the 1.02 level. The fact that we formed a shooting star on Wednesday doesn’t help though, and as a result we feel...
The USD/CAD pair initially rallied during the session on Wednesday, touching as high as 1.0225 before pulling back in forming a shooting star. Looking at this candle, it is being formed at an area where you would...
The USD/CAD pair had an extraordinarily strong showing on Tuesday, closing towards the very top of the daily range. This candle shows significant strength, and as a result the 1.01 handle has significantly been overcome now.
The USD/CAD pair fell during most of the session on Monday, but as you can see bounced enough to form a hammer that is focused on the 1.01 level. This being the case, it does appear that...
USDCAD remains in downtrend from 1.0293, the rise from 1.0013 is likely consolidation of the downtrend. Resistance is at 1.0200, as long as this level holds, the downtrend could be expected to resume, and another fall towards...
The USD/CAD pair had a very bullish session on Friday, but did giveback roughly 40 pips of the gains by the end of the session in order to form a glass impressive candle in the end.
