USD/CAD Analysis (September 12)
We finally saw the pair confirming a possible long term reversal with a resumption of the uptrend at the end of last week.
Tag: USDCAD
USD/CAD Technical Analysis September 12, 2011
USD/CAD rose on Friday as traders sold off the risk currencies around the world. The oil markets dipped as well, and this always spells trouble for the Loonie.
USDCAD Analysis – September 10, 2011
USDCAD is facing 1.0009 resistance, a break above this level will indicate that the uptrend from 0.9406 has resumed, then next target would be at 1.0200 area. Support is at 0.9725, only break below this level could...
USD/CAD Analysis (September 8)
The pair has confirmed a possible long term reversal with a bounce on top of the key 0,97 level but it is still facing the strong parity resistance.
USD/CAD Technical Analysis September 8, 2011
The USD/CAD pair fell on Wednesday, after failing to close above the 0.99 level the day before. The oil markets are starting to come back into play as the storms in the Atlantic could have an adverse...
USD/CAD Technical Analysis September 7, 2011
USD/CAD rose, fell, and bounced around during the Tuesday session as traders simply do not know what to do with this pair at the moment. The candle looks similar to a shooting star, but not quite as...
USD/CAD Analysis (September 6)
The pair has now confirmed a possible long term reversal with a bounce on top of the key 0,97 level from last week.
USD/CAD Technical Analysis September 5, 2011
USD/CAD rose on Friday as the Non-Farm Payroll report disappointed. The Canadian economy depends on exports to the US, so a weak US means a weak Canada. However, we are below some very serious resistance areas in...
USDCAD Analysis – September 3, 2011
USDCAD’s fall from 1.0009 is likely consolidation of uptrend from 0.9406. Another fall towards 0.9600 to reach next cycle bottom on daily chart is still possible. Key resistance is at 1.0009, only break above this level could...
USD/CAD Analysis (September 2)
If a material base might be in place for a possible long term reversal, we haven’t seen yet a real confirmation of the bullish bounce started in July.