The USD/CAD pair fell during the session on Tuesday, but managed to bounce enough from the bottom of the session in order to form a hammer. This hammer is suggestive of support below, and we do think...
USDCAD broke below the lower line of the price channel on daily chart, suggesting that the uptrend from 0.9815 had completed at 1.0341 already. Further decline would likely be seen, and next target would be at 1.0000...
The USD/CAD pair had a slightly positive session during the low liquidity Friday trading hours, but remains underneath the 1.02 level. However, we ultimately believe that this pair needs to pull back to the 1.01 handle, and...
The USD/CAD pair went back and forth during the session on Thursday, eventually settling for a neutral candle. The market has found support at the 1.0150 level, but we think this is a minor area at best.
USD/CAD is currently consolidating above the 1.0150 minor psychological support level as traders await the release of the monthly GDP reading for January. The figure is expected to rebound by 0.1% from the -0.2% reading seen last...
The USD/CAD pair attempted to rally during the session on Monday, as you can see the 1.02 level offered enough resistance to keep the market down. By the end of the session, we had formed a shooting...
The USD/CAD pair fell rather significantly during the session on Tuesday, as the 1.02 level got broken down by the sellers. This coincided with a strong loyal market, so of course the move makes sense. However, much...
The USD/CAD pair fell during most of the session on Monday as the oil markets perked up slightly. However, by the end of the trading day most major oil markets gave back roughly half of the gains,...
Being contained by the support of the lower line of the price channel on daily chart, USDCAD rebounded from 1.0180, suggesting that a cycle bottom is being formed on daily chart. Range trading between 1.0180 and 1.0341...
The USD/CAD pair did very little during the session on Friday, ultimately ending up slightly lower. We are currently just above the 1.02 handle, which is a minor level at best by our calculations.
