USD/CAD Analysis (August 30)
The pair has been under pressure lately which confirms a period of consolidation after a sharp rally towards parity.
Tag: USDCAD
USD/CAD Technical Analysis August 29, 2011
The USD/CAD pair fell on Friday as traders reacted to the news that the Fed wasn’t necessarily going forward with anymore easing as the economy in the US didn’t need it. It also stated that the tools...
USDCAD Analysis – August 27, 2011
USDCAD is forming a cycle top at 1.0009 on daily chart. Another fall to test 0.9765 is expected next week, a breakdown below this level will confirm the cycle top, then deeper decline towards 0.9406 previous low...
USD/CAD Technical Analysis August 26, 2011
The USD/CAD pair fell, and then found support at the 0.9800 level on Thursday. The pair is bearish overall, but over the course of the last couple of weeks has found a bid. The oil markets and...
USD/CAD Analysis (August 26)
We were expecting a bullish resumption on the pair some days ago as the market found some good support on the 38% fib retracement level.
USD/CAD Technical Analysis August 25, 2011
The USD/CAD pair had a very neutral day on Wednesday as the market didn’t get much in the way of news to push it around. With the oil markets being so quiet, there is little to push...
USD/CAD Analysis (August 24)
The pair continues to consolidate (more than 2 weeks range) after its bounce on top of 0,94 and a test of parity. We consider that a major bottom is in place.
USD/CAD Analysis (August 23)
The pair continues to consolidate (2 weeks range) after its bounce on top of 0,94 and a test of parity. We consider that a major bottom is in place.
USD/CAD Technical Analysis August 22, 2011
The USD/CAD pair had a wild day on Friday as the market sold it off, and then bought it later. The resulting candle looks somewhat similar to a hammer, but is in the middle of consolidation.
USD/CAD Analysis (August 20)
The pair continues to consolidate (2 weeks range) after its bounce on top of 0,94 which resulted in a 500 pips rally and a test of parity. We consider that a major bottom is now in place.