Markets Digesting an Abundance of News – Sell the Canadian Dollar?
With the US Supreme Court decision on Obamacare expected to dominate the news cycle, major corporations chose yesterday to unload some bad news.
Tag: USDCAD
USD/CAD Forecast June 28, 2012, Technical Analysis
The USD/CAD pair had an uneventful session on Wednesday as the markets continued to grind sideways. The oil markets were also fairly quiet, so this pair was always going nowhere at the end of the day.
USD/CAD Forecast June 27, 2012, Technical Analysis
The USD/CAD pair had a bearish session on Tuesday as the bottom of the shooting star was triggered, signaling selling in this market. However, the 1.02 level looks supportive and we believe that this market will more...
USD/CAD Forecast June 26, 2012, Technical Analysis
The USD/CAD pair rose during the session on Monday as the risk appetite around the world fell. The top of the recent consolidation level was broken, but the pair did pull back some in the end.
USD/CAD Forecast June 25, 2012, Technical Analysis
The USD/CAD pair fell most of the session on Friday in order to retrace half of Thursday’s gains. The pair will be highly influenced by the oil markets, and the oil markets are currently testing serious support...
USDCAD Analysis – June 23, 2012
USDCAD remains in downtrend from 1.0445, the rise from 1.0159 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.0000. Key resistance is at 1.0445, only break...
USD/CAD Forecast June 22, 2012, Technical Analysis
The USD/CAD pair absolutely skyrocketed during the Thursday session as the “risk off” trade came back into play. The oil markets fell during the session, and the CAD got punished as a result.
USD/CAD Forecast June 21, 2012, Technical Analysis
The USD/CAD pair had an interesting session on Wednesday as the pair was at one time bullish, then bearish, and finished the day forming a shooting star. The shooting star for the session does in fact seem...
USD/CAD Forecast June 20, 2012, Technical Analysis
The USD/CAD pair fell on Tuesday as the 1.02 level gave way. The breaking of the bottom of Monday’s shooting star signaled to the markets that this pair is going to want to continue to fall. The...
USD/CAD Forecast June 19, 2012, Technical Analysis
The USD/CAD pair rose during the session on Monday, filling the gap and more from the Monday open. The candle looks a bit odd though, as the top of it is now a nice wick. This means...