USD/CAD Analysis (August 24)
The pair continues to consolidate (more than 2 weeks range) after its bounce on top of 0,94 and a test of parity. We consider that a major bottom is in place.
Tag: USDCAD
USD/CAD Analysis (August 23)
The pair continues to consolidate (2 weeks range) after its bounce on top of 0,94 and a test of parity. We consider that a major bottom is in place.
USD/CAD Technical Analysis August 22, 2011
The USD/CAD pair had a wild day on Friday as the market sold it off, and then bought it later. The resulting candle looks somewhat similar to a hammer, but is in the middle of consolidation.
USD/CAD Analysis (August 20)
The pair continues to consolidate (2 weeks range) after its bounce on top of 0,94 which resulted in a 500 pips rally and a test of parity. We consider that a major bottom is now in place.
USDCAD Analysis – August 20, 2011
No changed in our view, USDCAD is forming a cycle top at 1.0009 on daily chart. Key support is at 0.9765, deeper decline towards 0.9406 could be seen after breaking below this level. Resistance is at 1.0009,...
USD/CAD Technical Analysis August 19, 2011
The USD/CAD pair rose on Thursday as the oil markets sold off in a violent manner. The weak Philly Fed numbers out of the US only stoked the fires that were burning after a massive sell off...
USD/CAD Analysis (August 18)
The pair continues to consolidate after last week rally and it is now trading above the 38% fibonacci retracement level which is now a key level to watch.
USD/CAD Technical Analysis August 18, 2011
The USD/CAD pair fell below the all-important 0.98 level on Wednesday, only to bounce back up and above it. The resulting candle looks a lot like a hammer and as such, we think this pair could consolidate...
USD/CAD Analysis
Greetings. Let’s pull up the USD/CAD chart. The longer term trend is bullish and we hit the 38.2 retracement level from the retracement we’ve been in since August 8.
USD/CAD Technical Analysis August 17, 2011
The USD/CAD pair initially rose during the Tuesday session, but then fell to form a shooting star of sorts just above the 0.98 level. This crucial support level needs to give way for this candle to be...