USD/CAD Analysis (August 17)
The pair continues to consolidate after last week rally and it is now trading above the 38% fibonnacci retracement level.
Tag: USDCAD
USD/CAD Analysis (August 16)
The pair has been under pressure the most part of monday’s session with a decline towards a first support level at 0,98 corresponding to a 38% retracement of the previous rally.
USD/CAD Analysis (August 15)
The pair has validated a weekly double bottom formation which might result in a major long term reversal if a break above parity is confirmed over the coming sessions.
USD/CAD Technical Analysis August 15, 2011
The USD/CAD pair rose again on Friday as the market found the oil contracts to be a bit sluggish. The oil markets are going to control the CAD for the foreseeable future, as it is a major...
USDCAD Analysis – August 13, 2011
USDCAD is forming a cycle top at 1.0009 on daily chart. Key support is at 0.9765, a breakdown below this level will confirm the cycle top, then deeper decline towards 1.9406 previous low could be seen. Resistance...
USD/CAD Technical Analysis August 12, 2011
The USD/CAD pair fell on Thursday as the oil markets climbed, pushing the demand for Canadian dollars in the marketplace. The pair has a natural back stop in the form of parity, and the trend is certainly...
USD/CAD Analysis (August 12)
The pair remains well bid after a confirmation of the bullish resumption which resulted in a possible long term reversal (double bottom formation).
USD/CAD Analysis (August 11)
The pair remains well bid after a confirmation of the bullish resumption which resulted in a possible long term reversal (double bottom formation).
USD/CAD Technical Analysis August 10, 2011
The USD/CAD pair slammed into the parity level on Tuesday as traders sold off everything risk related. However, as the Asian markets stabilized we saw the risk trade put back on and as such, the Loonie was...
USD/CAD Analysis (August 10)
After a sharp rally which confirmed a potential long term reversal, the pair has found some great resistance ahead of parity which was expected.