USD/CAD Forecast January 5th, 2012, Technical Analysis
USD/CAD rose during the Wednesday session, but only somewhat. The daily candle looks much like a shooting star at the bottom of a fall – a sign that bearish pressure could be mounting.
Tag: USDCAD
USD/CAD Forecast January 4th, 2012, Technical Analysis
USD/CAD fell hard on Tuesday as traders continue to buy the oil contracts. While the US economy continues to expand, the oil markets are being jolted by troubles in the Persian Gulf area between Iran and its...
USD/CAD Forecast January 3, 2012, Technical Analysis
USD/CAD sat still during the session on Monday as the oil markets also experienced very little in the way of action. The real volume will pick up after this week, so the markets could be a bit...
USDCAD Analysis – December 31, 2011
USDCAD is forming a triangle pattern on daily chart. Another rise towards the upper border of the pattern would likely be seen next week, a clear break above the pattern could bring price to 1.1000 area. On...
USD/CAD Forecast December 30, 2011, Technical Analysis
USD/CAD fell on Thursday as the oil markets rebounded from the Wednesday fall. The pair looks as if it is sitting on top of a massive support zone, and the fall on Thursday could have been exacerbated...
USD/CAD Forecast December 29, 2011, Technical Analysis
USD/CAD fell at first on Wednesday as oil rose, but the Saudis stepping into the market as saying that they are willing to produce more in response to any blocking of the Strait of Hormuz by Iran.
USD/CAD Forecast December 28, 2011, Technical Analysis
USD/CAD fell slightly on the session for Tuesday as the oil markets caught a bid. The Canadian dollar will often catch a bid in concert with oil, which is precisely what happened for the session.
USD/CAD Forecast December 26, 2011, Technical Analysis
USD/CAD fell on Friday as the oil markets continued their climb. The $100 level still wasn’t broken to the upside in the Light Sweet Crude markets, so there wasn’t much in the way of momentum. This isn’t...
USDCAD Analysis – December 24, 2011
USDCAD remains in uptrend from 1.0051, the fall from 1.0422 is treated as correction of uptrend. Another rise towards 1.0656 previous high is still possible after correction. Resistance is at 1.0300, a break above this level could...
USD/CAD Forecast December 23, 2011, Technical Analysis
USD/CAD had a very bearish day on Thursday as the oil markets were quite constructive. The pair even managed to violate the bottom of the hammer from Wednesday, and this does in fact show real bearishness.