The USD/CAD pair bounced off of the 1.01 handle on Friday to form a relatively bullish looking candle. This pair looks like one that simply wants to bounce around between 1.01 and 1.02 for the meantime.
The USD/CAD pair fell during the session on Thursday and even managed to pierce below the 1.01 support level. The 1.01 support level was an area that we set must remain intact in order for us to...
The USD/CAD pair fell slightly during the session on Wednesday as we continue to meander around between the 1.01 handle, and the 1.02 level. With that being the case, this market really isn’t worth been bothered with...
The USD/CAD pair went back and forth during the session, initially falling on Tuesday but found enough support to form a hammer. This hammer is preceded by two shooting stars, so looks like the market is ready...
CFTC Commitments of Traders (COT) Report 02 April, published 05 March 2013 – Technical Analysis. Speculators increased their aggregate net position in the USD to 338,399 contracts, up from 322 132 in the previous week. Almost all...
The USD/CAD pair gained during most of the session on Monday, but as you can see on the chart found far too much resistance of the 1.02 level in order to continue going higher. In fact, by...
USDCAD remains in downtrend from 1.0341, the rise from 1.0105 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.0000 area. Resistance is at 1.0250, as long...
The USD/CAD pair shot straight up during the session on Friday, cracking the 1.02 level during the day. However, we saw bit of a pullback as we approach the 1.0240 level, and it is up forming a...
The USD/CAD pair fell during the session after initially trying to rally on Thursday. We managed to find the 1.01 level; an area that we suggested would be supportive previously. That area did in fact act as...
The USD/CAD pair initially fell during the session on Wednesday, but as you can see bounced enough to form a bit of a hammer. This hammer suggests that we are going to see continued support just below,...
