The USD/CAD pair had a relatively strong day during the Friday session as the markets were rocked by another poor employment number out of the United States. The pair gave back some of its gains towards the...
USDCAD remains in downtrend from 1.0445, the price action from 1.0159 is likely consolidation of the downtrend. Bounce to 1.0300 area to complete the consolidation would likely be seen next week. Key resistance is at 1.0445, only...
The USD/CAD pair fell during most of the session on Thursday, but turned around to form a hammer just above the 1.01 level. This is probably due to the fact that the nonfarm payroll number comes out...
The USD/CAD pair rose slightly during the Wednesday session in very light volume. One of the contributing factors would’ve undoubtedly been the fact that the oil markets were so quiet as well.
The USD/CAD pair fell during the Tuesday session as the oil markets broke above the $85 barrier. This does suggest this pair is going to continue much lower, perhaps to the parity level before hitting any significant...
The USD/CAD pair had a fairly quiet session on Monday as the oil markets pulled back ever so slightly. It should be said that the oil markets formed a hammer, and this suggests that perhaps oil still...
The USD/CAD pair fell hard during the Friday session as the oil markets absolutely spiked in reaction to the European Union meeting and its announcement.
USDCAD is facing 1.0159 support, a breakdown below this level will indicate that the downtrend from 1.0445 has resumed, then further decline towards 1.0000 could be seen. Key resistance is at 1.0445, only break above these levels...
Years ago, when working as a grain analyst for Merrill Lynch in Chicago, we had a meat analyst whose trading recommendations were almost always wrong.
The USD/CAD currency pair rose dramatically during the Thursday session as the dollar gained in general. The breaking of the 1.03 level was significant, and although we did pare the gains a bit towards the end of...
