The USD/CAD pair fell during the session on Monday, but only slightly. We are still above the 1.0250 level, and as a result we haven’t even broken the bottom of the hammer from Friday. This hammer should...
USDCAD remains in uptrend from 0.9815, the fall from 1.0341 is likely consolidation of the uptrend. Another rise could be expected after consolidation, and next target would be at 1.0500 area. Support is at 1.0200, only break...
The USD/CAD pair fell during the session on Friday, but as you can see bounced in order to form a hammer. This hammer is essentially revolving around the 1.03 level, and does look supportive. However, we need...
The USD/CAD pair had a strong showing during the session on Wednesday as the Bank of Canada issued a very dovish statement. However, you can see that we did not break above the recent highs of the...
The USD/CAD pair attempted to rally during the session on Monday, but as you can see by the chart failed to do so. The resulting candle is a bit of the shooting star, and it is the...
USDCAD’s upward movement from 0.9932 extends to as high as 1.0341. Further rise could be expected after a minor consolidation, and next target would be at 1.0500 area.
The USD/CAD pair attempted to rally during the session on Friday, but as you can see gave back all of the gains and then some. This market has been very strong lately, and on the weekly chart...
The USD/CAD pair had a very strong showing on Thursday, after first dropping lower. The break above the 1.03 level was enough to break the top of the shooting star from the Tuesday session, as well as...
The USD/CAD pair broke down during the session on Wednesday, breaking the bottom of the shooting star that was formed on Tuesday. This move makes sense, as the pair has been far too overbought after the breakout...
The USD/CAD currency pair rose above the 1.03 level during the session on Tuesday, but was beaten back by the sellers in order to form a perfectly shaped shooting star. With that being the case, it appears...
