USD/CAD Forecast January 22, 2013, Technical Analysis
The USD/CAD pair did very little during the session on Monday, which of course would have been expected as it was the US holiday celebrating Martin Luther King Jr.’s birthday.
Tag: USDCAD
USDCAD Analysis – January 19, 2013
USDCAD remains in downtrend from 1.0055, the price action from 0.9824 is likely consolidation of the downtrend. Key resistance is at 0.9970, as long as this level holds, we’d expect downtrend to resume, and another fall towards...
USD/CAD Forecast January 21, 2013, Technical Analysis
The USD/CAD pair surged during the Friday session as we closed above the 0.99 handle for the first time in roughly 2 weeks. The markets continue to stay under parity though, and as a result we think...
USD/CAD Forecast January 18, 2013, Technical Analysis
The USD/CAD pair went back and forth during the Thursday session, but managed to find weakness in the end as we printed a shooting star looking candle. This candle suggests that we are going lower, and as...
USD/CAD Forecast January 17, 2013, Technical Analysis
The USD/CAD pair gained during the session on Wednesday as the “risk off” rally came into play. However, we are still under significant downward pressure, and as you can see just below the 0.99 handle we see...
USD/CAD Forecast January 16, 2013, Technical Analysis
The USD/CAD pair rose during the session on Tuesday, but ran into the same trouble it ran into on Monday. We essentially printed the same candle as well, and as a result it looks like the upside...
USD/CAD Forecast January 15, 2013, Technical Analysis
The USD/CAD pair initially tried to rally during the session on Monday, but fell short as we fell off again and formed a shooting star. This shooting star does in fact suggest that we will see continuation...
USDCAD Analysis – January 13, 2013
USDCAD breaks below 0.9824 support and reaches as low as 0.9815, suggesting that the downtrend from 1.0055 has resumed. Further decline could be expected next week, and next target would be at 0.9700 area.
USD/CAD Forecast January 14, 2013, Technical Analysis
The USD/CAD currency pair fell during the session on Friday, but found the 0.98 handle supportive as usual and bounced enough to form a hammer. The hammer isn’t exactly the most perfect looking hammer, but it does...
USD/CAD Forecast January 11, 2013, Technical Analysis
The USD/CAD pair had a fairly bearish session as we slammed back into the previous lows. However, the 0.98 handle itself looks to be rather supportive so simply selling at this point in time is probably asking...