The USD/CAD currency pair had a positive session on Friday after printing a hammer on both Wednesday and Thursday. The biggest problem of course is the fact that Monday and Tuesday so shooting stars!
The USD/CAD pair has been one that has been very interesting lately, as we broke down below a significant support level in the form of the 0.99 handle. However, since then we have seen is somewhat tentative...
The USD/CAD currency pair fell during the session on Wednesday as the Federal Reserve Chairman announced that the central bank would continue to engage and asset purchases, as well as aim for specific employment target in order...
The Federal Reserve is expected to announce today an expansion of its asset purchases program that is likely to weaken the valuation of the US dollar versus the Canadian currency. Hopes also continue to rise as talks...
The USD/CAD pair attempted to rally during the Tuesday session, but as it did on Monday, the market lurched higher, and then fell. This is the second shooting star in a row that we have formed, and...
USD/CAD initially rose during the Monday session, but as you can see by the shape of the shooting star for the trading day, this pair failed to break out and essentially just filled the slight gap from...
The USD/CAD pair fell through the 0.99 support level on Friday, in order to show that there is serious downward pressure on this pair at the moment. However, we did not close below the 0.9875 level that...
Reports on the US labor statistics continue to portray the economy in a recovery mode. Since expectations for job growth were a smallish 85K, the 146K was a friendly number. The unemployment number – 7.7% – likewise sounded great,...
USDCAD broke below the upward trend line on daily chart, suggesting that the uptrend from 0.9632 has completed at 1.0055 already. Further decline could be expected, and next target would be at 0.9800 area.
The USD/CAD pair fell during the session on Thursday and even managed to break down below the 0.99 handle. However, we got a nice bounce from that area and it does look like the market is closing...
