USD/CAD Technical Analysis August 19, 2011
The USD/CAD pair rose on Thursday as the oil markets sold off in a violent manner. The weak Philly Fed numbers out of the US only stoked the fires that were burning after a massive sell off...
Tag: USDCAD
USD/CAD Analysis (August 18)
The pair continues to consolidate after last week rally and it is now trading above the 38% fibonacci retracement level which is now a key level to watch.
USD/CAD Technical Analysis August 18, 2011
The USD/CAD pair fell below the all-important 0.98 level on Wednesday, only to bounce back up and above it. The resulting candle looks a lot like a hammer and as such, we think this pair could consolidate...
USD/CAD Analysis
Greetings. Let’s pull up the USD/CAD chart. The longer term trend is bullish and we hit the 38.2 retracement level from the retracement we’ve been in since August 8.
USD/CAD Technical Analysis August 17, 2011
The USD/CAD pair initially rose during the Tuesday session, but then fell to form a shooting star of sorts just above the 0.98 level. This crucial support level needs to give way for this candle to be...
USD/CAD Analysis (August 17)
The pair continues to consolidate after last week rally and it is now trading above the 38% fibonnacci retracement level.
USD/CAD Analysis (August 16)
The pair has been under pressure the most part of monday’s session with a decline towards a first support level at 0,98 corresponding to a 38% retracement of the previous rally.
USD/CAD Analysis (August 15)
The pair has validated a weekly double bottom formation which might result in a major long term reversal if a break above parity is confirmed over the coming sessions.
USD/CAD Technical Analysis August 15, 2011
The USD/CAD pair rose again on Friday as the market found the oil contracts to be a bit sluggish. The oil markets are going to control the CAD for the foreseeable future, as it is a major...
USDCAD Analysis – August 13, 2011
USDCAD is forming a cycle top at 1.0009 on daily chart. Key support is at 0.9765, a breakdown below this level will confirm the cycle top, then deeper decline towards 1.9406 previous low could be seen. Resistance...