USD/CAD Analysis (August 7)
The pair is in the process of building a nice double bottom formation on the weekly chart which will definitly confirmed with a break above 0,9920 (June high).
Tag: USDCAD
USD/CAD Technical Analysis August 8, 2011
The USD/CAD pair finished the day fairly flat after rising, falling, and generally chopping the market back and forth. The day in the oil markets was very wild as well, and this would certainly have an effect...
USDCAD Analysis – August 6, 2011
USDCAD’s bounce from 0.9406 extended to as high as 0.9852, suggesting that lengthier consolidation of the long term downtrend from 1.0852 (2010 high) is underway. Further rise is still possible next week, and next target would be...
USD/CAD Technical Analysis for August 5, 2011
The USD/CAD skyrocketed during Thursday trading as oil markets sold off. The CAD is highly sensitive to oil pricing, and as such we think that the pair could rise even more as we try to reach parity.
USD/CAD Analysis (August 5)
We were considering a bullish reversal on the pair for a few days and we think that everything is now in place to allow a continuation to the upside.
USD/CAD Analysis (August 4)
The pair is confirming a bullish momentum while moving up in a clear short term rising channel. We still expect a test of 0,97 before maybe a continuation towards 0,98.
USD/CAD Analysis (August 3)
We continue to see the pair being well bid after its bounce on top of 0,94 from last week.
USD/CAD Technical Analysis August 2, 2011
The USD/CAD had a bullish day on Monday as the oil markets went back and forth. The pair looks like it is trying to bounce, and that would make sense as the market has fallen so hard...
USD/CAD Analysis (August 2)
The pair might be in the process of carving out a double bottom formation on the weekly chart which would open the door to a major reversal this year.
USD/CAD Technical Analysis Aug 1, 2011
The USD/CAD spike during the Friday session, and ran all the way up to the 0.96 area, a place that we suggested could turn out to be resistance.