USDCAD Analysis – May 14, 2011
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...
Tag: USDCAD
USD/CAD Analysis
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.
USD/CAD Technical Analysis for May 12, 2011
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...
USD/CAD Technical Analysis for May 10, 2011
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...
USDCAD Analysis – May 7, 2011
USDCAD broke above the downtrend line on daily chart, suggesting that a cycle bottom had been formed at 0.9444 on daily chart. Further rally is expected in a couple of weeks, and next target would be at...
USD/CAD Technical Analysis for May 5, 2011
The USD/CAD pair rose for the third day in a row, as the commodity markets fell hard yet again today. The Loonie is still favored over the Greenback, and this should only represent a selling opportunity, as...
USDCAD Analysis – April 30, 2011
USDCAD stays below a downtrend line on daily chart, and remains in bearish movement. Further fall could be seen next week, and next target would be at 0.9300 area. Resistance is at the trend line, now at...
USD/CAD Technical Analysis for April 28, 2011
The USD/CAD had a tough day today as traders bought in the early hours, only to sell it off again after the Federal Reserve meeting and news conference. The pair is decidedly bearish, and this was demonstrated...
USDCAD Analysis – April 23, 2011
USDCAD’s bearish movement extended to as low as 0.9453. Resistance is at the falling trend line on daily chart, as long as the trend line resistance holds, downtrend could be expected to continue, and next target would...
Daily Market Review for 22/04/2011 by SolidityBrokers.com
Yesterday US stocks rallied once again, although unemployment claims were higher than expected, reaching 403K with a forecast of 394K. The Dow rose 52.45 points, to 12505.99, the Nasdaq Composite gained 17.65, to 2,820.16,and the Standard &...