Tag: USDCAD

The pair remains under pressure after the breakout of its daily rising trendline with a next target at 0,95. However, the market seems to have found some support on top of 0,96 and we might see a...

The USD/CAD pair rose on Tuesday, even though the oil markets rose significantly. This doesn’t happen very often, and one would think that the CAD should appreciate because of the correlation. However, the 0.9650 area is crucial...

The pair remains under pressure after the breakout of its daily rising trendline with a next target at 0,95. However, the market seems to have found some support on top of 0,96 yesterday and we might see...

USD/CAD rose on Monday, bouncing slightly as the holiday in America crushed most of the volume. The pair broke through major support at the end of last week, and this sets us up for shorting this pair...

The pair is back under pressure after its break below its rising trendline. Next target is given at 0,95 (weekly bollinger band) with an extension towards multi-year low at 0,9450.  

With a break below its rising trendline last week, the USD/CAD is poised to resume its downtrend with a next target at 0,95 (near previous low and weekly lower bollinger band).  

The USD/CAD is back under pressure after the break of its rising trendline (see chart below). We expect a continuation of the move to the downside with next target at 0,95 corresponding to the daily lower bollinger...

USD/CAD fell again on Thursday, breaking through the 0.9650 area. This is a very bearish sign, but it is at this point that the pair will find real support. The trading going forward will be approached by...

The USD/CAD market fell hard on Wednesday as the oil markets caught a bid. This is with the overall trend, and why we haven’t been recommending the buying of this pair. The area it has traded to...