USD/CAD broke below the shooting star that we discussed yesterday on Wednesday. As a result, a “perfect” sell signal was triggered. We understand that the 1.0650 area is a massive monthly resistance area, so shorting from here...
The pair has confirmed a strong bullish resumption with an acceleration towards 1,05 on friday.
The USD/CAD pair rose drastically on Friday as the oil markets sold off. The trend most certainly looks like it has changed in this pair, and with the Light Sweet Crude oil markets falling through the $80...
USDCAD continued its upward movement from 0.9406, and the rise extended to as high as 1.0502. Further rise is still possible next week, and next target would be at 1.0700 area. Support is now at 1.0300 followed...
USD/CAD rose drastically on Wednesday as traders sold off the oil markets. The 1.03 area was the most recent high in this pair, and proved to be resistive. Because of this, we want to buy – but...
The USD/CAD pair fell hard on Tuesday as the 1.03 level proved to be too much. We suggested that a break of the Monday low would be a sell signal, and this proved to be true.
USD/CAD rose back above the 1.03 handle on Monday, only to fall back below it later in the session. The rebound that the oil markets saw certainly played a part in this, and the pair looks like...
The pair finally managed to overcome the strong parity resistance. This confirmed breakout opens the door to further gains towards 1,08 (monthly bollinger band).
USD/CAD climbed again on Friday as traders sold oil markets off in large amounts. The oil trade is directly related to the USD/CAD trade, and such we expect the CAD to gain in value as oil rises,...
USDCAD’s upward movement from 0.9406 extended to as high as 1.0360. Further rise could be seen after a minor consolidation, and next target would be at 1.0500 area. Support is now at 1.0130, as long as this...
