The USD/CAD pair initially tried to rally during the session on Monday, but then turned back around to fall rather significantly. We did not make a fresh new low though, so this point time we believe that...
USDCAD is now in downtrend from 1.2835. Further decline would likely be seen over the next several weeks, and next target would be at 1.1500 area. Resistance is at 1.2450, only break above this level could trigger...
The USD/CAD pair initially fell during the course of the session on Friday, but found enough support below to turn things back around and form a hammer. Because of this, we feel that this pair will go...
The USD/CAD pair fell hard during the session on Thursday, testing the bottom of the hammer that had originally caused this market to bounce. We find interesting about this pair is that the US dollar was beat...
The USD/CAD pair fell slightly during the session on Wednesday, but we continue to consolidate overall. Because of this, the market looks as if it’s simply going to be a place of the dead money. With that,...
The USD/CAD pair initially fell during the course of the session on Tuesday, but found enough support below to turn things back around and form a nice-looking hammer. This hammer suggests that the market could go as...
The USD/CAD pair did very little during the session on Monday, as we continue to hang about the 1.22 handle. We did form a hammer on Friday though, so we could be getting ready to bounce a...
USDCAD has been trading lower in the past few days, after breaking below support at the 1.2450 minor psychological level. Since then, the pair has tested support at the 1.2100 major psychological level and showed signs of...
USDCAD broke below 1.2200 support, indicating that the uptrend from 1.0619 (Jul 3, 2014 low) had completed at 1.2835 already. Further decline could be expected, and next target would be at 1.1500 area. Resistance is at 1.2450,...
The USD/CAD pair fell during the bulk of the session on Friday, but found enough support at the 1.21 level to turn things back around and form a nice-looking hammer. With this, it appears of the market...
