USD/CAD Potential Breakout (June 21, 2013)
On its shorter-term time frame, USD/CAD has been consolidating, as though getting ready for a break in either direction. With today’s set of data from Canada, a strong breakout could be in the works.
Tag: USDCAD
USD/CAD Forecast June 21, 2013, Technical Analysis
The USD/CAD pair skyrocketed during the session on Thursday, slicing through the 1.03 level like it wasn’t even there. Because of this, we feel it is only a matter of time before we break out, and we...
USD/CAD Forecast June 20, 2013, Technical Analysis
The USD/CAD pair initially fell during the session on Wednesday, but after the FMOC meeting and minutes, you can see that the market shot straight back up.
USD/CAD Forecast June 19, 2013, Technical Analysis
The USD/CAD pair rose during the session on Tuesday as the US dollar continues to be bid up in general. The market is one that needs to rise back above the 1.02 level for the buyers to...
USDCAD Analysis – June 15, 2013
USDCAD’s downward movement from 1.0420 extends to as low as 1.0137. Further decline to test 1.0013 key support could be expected next week, a breakdown below this level will indicate that the longer term uptrend from 0.9632...
USD/CAD Forecast June 17, 2013, Technical Analysis
The USD/CAD pair went back and forth on Friday, essentially closing the day unchanged. The resulting candle was a neutral candle, perhaps leaning a little bit more towards a hammer, but in reality we do not like...
USD/CAD Forecast June 14, 2013, Technical Analysis
The USD/CAD pair fell during the session on Thursday, breaking below the 1.0150 handle at one point. That being said, it appears that the market is trying to weaken a bit, and if we can manage to...
USD/CAD Forecast June 13, 2013, Technical Analysis
USD/CAD fell during a large part of the session, but bounced in order to form a hammer. This hammer is just after a shooting star at the 1.02 handle, and as a result it looks like we...
USD/CAD Forecast June 12, 2013, Technical Analysis
The USD/CAD pair tried to rally during the session on Tuesday, but you can see that the 1.0250 level offered enough resistance to push the market back down. The US dollar struggle in general, and as a...
USD/CAD Forecast June 11, 2013, Technical Analysis
The USD/CAD pair fell during the session on Monday, but you can see that the 1.02 handle still offers enough support. Obviously, this is more of a zone than a line, but you can see that the...