Shares in the next week will run a gauntlet of data expected to indicate a slowing economic recovery, but a few positive reports may prove enough to draw investors into a market accustomed to negative sentiment. Equity...
USDCAD broke above the downtrend line from 1.0285 to 0.9973, suggesting that the fall from 1.0672 had completed at 0.9444 already. Further rally could be seen in a couple of weeks, and next target would be at...
The stock market closed higher Thursday as technology and consumer discretionary stocks countered the weight of weaker-than-forecast jobless claims and first-quarter economic growth. The Dow Jones Industrial Average finished up 8.10 points to close at 12,402.76. The...
We’re getting ready for another interesting week ahead. Many analysts are predicting the commodity rebound will continue to the end of the month. We on the other hand, believe the impressive bullish run of 2010 and early...
USDCAD is facing the resistance of the downtrend line from 1.0285 to 0.9973, a clear break above the trend line resistance will indicate that the long term downtrend from 1.0672 had completed at 0.9444 already, then the...
Wall Street closed in red territory once again as investors found little reason to diverge from a seasonal lull that often follows first-quarter earnings. The “sell in May and go away” adage has some fundamentals behind it,...
USDCAD had formed a cycle bottom at 0.9444 on daily chart. Further rise towards the downtrend line from 1.0285 to 0.9973 is expected next week, a clear break above the trend line resistance will indicate that the...
Greetings. Let’s take a look at the USD/CAD hourly chart. It seems like the low from late April/early May is holding up and we’re currently looking at a 3 wave correction.
The USD/CAD fell on Wednesday, and then rose. All of this is predicated on the wild ride oil had as the US announced it had plenty in storage. The 0.97 level is still major resistance, and will...
The USD/CAD fell today, ending with a shooting star shaped candle. The location is roughly where you want to see it for a short, since it is currently just under the all-important 0.97 level. The recent highs...
