The USD/CAD pair fell again on Thursday, although did not manage to break through the bottom of the hammer from Wednesday. This shows that there is still some support in the 0.97 area, and it will have...
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.
The USD/CAD pair fell on Wednesday, but managed to bounce in the later hours. Because of this, we formed a hammer on the daily chart, just below the 0.9800 handle. The trend is down, and oil looks...
Though it is not yet in question, we are starting to question the bullish potential on this pair which continues to be under pressure after a break below the 38% fib level.
The pair has been under pressure lately which confirms a period of consolidation after a sharp rally towards parity.
The USD/CAD pair fell on Friday as traders reacted to the news that the Fed wasn’t necessarily going forward with anymore easing as the economy in the US didn’t need it. It also stated that the tools...
USDCAD is forming a cycle top at 1.0009 on daily chart. Another fall to test 0.9765 is expected next week, a breakdown below this level will confirm the cycle top, then deeper decline towards 0.9406 previous low...
The USD/CAD pair fell, and then found support at the 0.9800 level on Thursday. The pair is bearish overall, but over the course of the last couple of weeks has found a bid. The oil markets and...
We were expecting a bullish resumption on the pair some days ago as the market found some good support on the 38% fib retracement level.
The USD/CAD pair had a very neutral day on Wednesday as the market didn’t get much in the way of news to push it around. With the oil markets being so quiet, there is little to push...
