The USD/CAD pair had a slightly positive session on Wednesday, after dipping and bouncing. The resulting candle is a hammer, but right now we feel that this market is probably a bit too weak to be bothered...
The USD/CAD pair fell during the session on Tuesday, breaking below the 1.03 handle finally. This market now looks like it’s ready to continue lower, and as a result we think that this market will target the...
USD/CAD has been selling off aggressively but the pair could take a break from its recent dives, as it approaches the 1.0300 major psychological level. This is in line with a former resistance level and area of...
The USD/CAD pair fell during the session on Monday, but as you can see we remain above the 1.03 handle, the area that we have been calling the “floor” in this market. Because of this, we do...
USDCAD is now in downtrend from 1.0608. Further decline could be expected next week, and the first target would be at 1.0150 area. Key support is at 1.0137, a breakdown below this level could signal completion of...
The USD/CAD pair fell during the session on Friday, in order to stay within the grinding range that we have been in recently. We have to admit though, this is not a positive sign for this pair...
The USD/CAD pair went back and forth during the session on Wednesday, as we continue to grind away near the 1.04 handle. This area has been both support and resistance previously, and it now looks like this...
USD/CAD seems ready to bounce back from its recent selloffs, as the pair formed a reversal pattern on its 1-hour time frame.
The USD/CAD pair fell during the session on Tuesday, slicing through the 1.04 handle again. That suggests to us that we are simply going to consolidate in this general vicinity for the short term, and as a...
The USD/CAD pair rose during the session on Monday, breaking above the 1.04 level. However, we did not break the top of the candle from Thursday that we had suggested was a signal.
