USDCAD Analysis – December 8, 2012
USDCAD broke below the upward trend line on daily chart, suggesting that the uptrend from 0.9632 has completed at 1.0055 already. Further decline could be expected, and next target would be at 0.9800 area.
Tag: USDCAD
USD/CAD Forecast December 7, 2012, Technical Analysis
The USD/CAD pair fell during the session on Thursday and even managed to break down below the 0.99 handle. However, we got a nice bounce from that area and it does look like the market is closing...
USD/CAD Forecast December 6, 2012, Technical Analysis
The USD/CAD pair fell during the session on Wednesday, but we still see significant support in the form of the 0.99 handle. This area continues act as support, and as such it’s difficult to make a trade...
USD/CAD Forecast December 5, 2012, Technical Analysis
The USD/CAD currency pair fell during most of the session on Tuesday, but found enough support just above the 0.99 handle to continue the overall sideways motion. The market continues to be stuck between the 0.99 and...
USD/CAD Forecast December 4, 2012, Technical Analysis
The USD/CAD pair fell during most of the session on Monday, but managed to bounce back off of the support zone in the 0.99 region, and as a result we now have a hammer for the session.
USDCAD Analysis – December 1, 2012
USDCAD is testing the support of the upward trend line on daily chart, a clear break below the trend line support will indicate that the uptrend from 0.9632 had completed at 1.0055 already, then the following downward...
USD/CAD Forecast December 3, 2012, Technical Analysis
The USD/CAD pair did very little during the session on Friday, as we continue to tread water just above the 0.99 handle. The range has been fairly tight over the last several sessions, and it appears that...
USD/CAD Forecast November 30, 2012, Technical Analysis
USD/CAD pair did very little on Thursday as the markets continue to try and figure out what is going on with the U.S. Congress and their fiscal cliff talks. With this being said, the 0.99 level looks...
USD/CAD Forecast November 29, 2012, Technical Analysis
The USD/CAD currency pair initially rose during the session on Wednesday, but fell in order to retest the lows of the session from Monday. From what we see, we still have a significant support level at the...
USD/CAD Forecast November 28, 2012, Technical Analysis
The USD/CAD pair had a volatile day on Tuesday as the markets went back and forth between “risk on”, and “risk off.” The shape of the candle for the day ended up being a hammer, but this...