The USD/CAD fell today, continuing its massive bearish trend of the last few years. We are currently testing the all-time lows, and if history is any indicator, we will break through. With the price of oil rising...
Wall Street closed in green territory Tuesday after better-than-forecast earnings from Dow component Johnson & Johnson and ahead of reports from blue-chip technology giants Intel Corp. The Dow Jones Industrial Average ended up 65.16 points to 12,266.75.
The USD/CAD pair spiked today, but fell again as the 0.97 level showed how strong of a resistance area it really is. Because of the massive downtrend, we have been telling you this is a “sell on...
U.S. stock indexes have largely been treading water, as Wall Street preps for an onslaught of earnings that will have more than 100 S&P 500 companies reporting in the week ahead. Next week everyone will be focused...
USDCAD remains in downtrend from 0.9973, the bounce from 0.9526 is treated as minor consolidation of downtrend. Deeper decline could be seen in a couple of weeks, and next target would be at 0.9400 zone. Resistance is...
Stocks on Wall Street clawed back from an earlier slide to close higher Thursday, as economic factors pressured the market. New jobless claims rose above 400,000 for the first time in a month with initial claims rising...
USDCAD’s downward move from 1.0672 extended to as low as 0.9526. Further fall is still possible in a couple of weeks, and next target would be at 0.9300-0.9400 area. Resistance is at 0.9650, as long as this...
Greetings. It seems like we’ve been a sliding downward channel in the USD/CAD for a couple months now. We are currently at the bottom so although the underlying trend remains bearish, watch for a potential retracment back...
USDCAD broke below 0.9667 support, suggesting that the downtrend from 1.0672 has resumed. Further fall is expected in a couple of weeks and next target would be at 0.9500 area. Resistance is at 0.9700, as long as...
USD/CAD has been wondering around aimlessly in the 300 pips range of 0.97 to 1.000 for the last several weeks. There is nothing on this chart that suggests this is going to change anytime soon. Because of...
