The USD/CAD pair fell during the day on Wednesday, breaking below the bottom of the hammer from Tuesday. This is a very bearish sign, and signifies that the sellers are most certainly still in control. It’s probably...
The USD/CAD pair fell during the course of the session on Tuesday, as we are now well below the 1.28 handle. That being the case, the market should then go down to the 1.25 handle. Ultimately, it...
The USD/CAD pair gapped higher at the open on Monday, as word spread that there was no output frees agreement from the oil-producing countries in Qatar over the weekend. That being the case, the market looks as...
USDCAD has been trading inside a descending channel on its 1-hour time frame and has just bounced off support. Another test of the resistance around the 1.3050-1.3100 levels could take place soon. The 100 SMA is below...
USDCAD remains in downtrend from 1.4689, and the downward movement extended to as low as 1.2744. Near term resistance is at the top of the price channel on daily chart, as long as the channel resistance holds,...
The USD/CAD pair went back and forth during the course of the session on Thursday, as we continue to see quite a bit of volatility in this region. This is probably due to the fact that we...
The USD/CAD pair rose slightly during the course of the session on Wednesday, but still seems to be hanging about the 1.28 handle. With this being the case, it’s very unlikely that the buyers can come in...
USDCAD has been trending lower, moving inside a descending channel pattern on its 4-hour time frame. Price is now making its way close to the channel support near the 1.2700-1.2750 and might be due for a bounce. ...
The USD/CAD pair broke down during the course of the day on Monday, clearing the bottom of the trend line that had been keeping this market somewhat afloat. Having said this, we have not made a fresh,...
The USD/CAD pair fell during the course of the session on Friday, testing the 1.30 level for support. This is an area that shows quite a bit of support, and it extends all the way down to...
