The USD/CAD pair fell for most of the session on Friday, but bounced significantly in order to close above the 0.9950 level. The candle looks quite a bit like a hammer, and it should be noted that...
The USD/CAD pair fell during the session on Thursday in order to test the lower limits of the hammer formed on Wednesday. The pair happens to be sitting right at the 200 day exponential moving average, and...
The USD/CAD pair fell during most of the session on Wednesday, but bounced off of the 200 day moving average in order to form a hammer right at parity. This is a confluence of several different things...
The USD/CAD pair rose during the session on Monday and even managed to break above the parity level. This is a signal that the US dollar is going to continue to gain against the Canadian dollar. This...
USDCAD’s upward movement from 0.9632 extends to as high as 0.9993. Further rise is still possible after consolidation, and next target would be at 1.0100 area. Support is at 0.9800, only break below this level could trigger...
The USD/CAD pair rose during the session on Friday in order to test the parity level as resistance. The level did hold at the end of the day, but is currently being threatened.
The USD/CAD pair fell most of the session during Thursday, but caught a bid the closer we got to the 0.99 handle. This resulted in a hammer, which is the second one in a row on this...
The USD/CAD pair bounced around during the session on Wednesday in order to hover right around the 0.99 level. The general vicinity of 0.99 to the 0.9950 handle is where the market has been hanging about lately,...
Markets have been under pressure this week. Currently, the Dow is down 1.6% to 13,132, and WTI crude is trading under 87 per barrel. This does not mean that the markets will not reverse but the bearish...
The USD/CAD pair had a slightly negative session on Monday, as it looks ready to pullback and retest the 0.99 level as possible support. However, we see a lot of resistance all the way to parity, and...
