USD/CAD fell for the Tuesday session as the oil markets continued to grind higher. However, much like the oil markets, this pair has found itself winding up in a tighter and tighter manner as it has formed...
USD/CAD rose during the session on Friday as the triangle that contains this market continues to work. The candle for the day looks reasonably strong, but until we get a breakout to the upside of the triangle,...
USDCAD is forming a triangle pattern on daily chart. Another rise towards the upper line of the pattern would likely be seen next week, a clear break above the upper line will indicate that the uptrend from...
USD/CAD continues to trade in a tightening range as the oil markets have been so back-and-forth. The pair certainly has been tough to trade over the last several weeks, and we now are starting to see a...
USD/CAD fell on Wednesday as the pair continued the move down. However, but the end of the session, the pair had bounced enough to close higher. The resulting hammer looks fairly supportive, and would indicate that perhaps...
USD/CAD fell during the Tuesday session as the “risk on” trade had a little bit of help for the day. The 1.01 level below still looks very supportive at the moment, and as a result we are...
USD/CAD fell during the Monday session as the oil markets continue to ungulate between rising in value and falling. The oil markets are being rocked by threats of Iranians closing the Strait of Hormuz and the responses...
USD/CAD had another bullish session on Friday as the traders reacted to several different influences at once. The Canadian jobs numbers weren’t very impressive, and the oil markets fell.
Being supported by the lower line of the triangle pattern, USDCAD rebounded from 1.0076, suggesting that the fall from 1.0422 has completed. Further rise could be seen over the next several days, and the target is at...
USD/CAD rose during the session on Thursday as the oil markets sold off. The levels are still high in those markets still, so it should be watched for future direction. The 1.01 level below starts massive support...
