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USD/CAD – Daily Candle Chart 27th February 2009 (0)

Published on Fri, 27/02/09 | USD to CAD Daily Chart
USD/CAD – Daily Candle Chart 27th February 2009

There seems to be no let up in the sideways movement of the usd to cad pair, and my advice is the same as for the euro dollar and pound dollar pair, which is simply to stay out until we see a clear trading signal. The only way to trade this currency pair at the [...]


USD To CAD – Daily Candle Chart 25th February 2009 (0)

Published on Wed, 25/02/09 | USD to CAD Daily Chart
USD To CAD – Daily Candle Chart 25th February 2009

You must be getting fed up looking at this chart, and I am getting fed up writing about it! The pennant pattern continues to form with no sign of a breakout one way or the other, so we have to wait and be patient! It will break at some point and then we just have [...]


USD to CAD – Daily Candle Chart 24th February 2009 (0)

Published on Tue, 24/02/09 | USD to CAD Daily Chart
USD to CAD – Daily Candle Chart 24th February 2009

I haven’t posted about the usd to cad for a couple of days, as there is very little to say. There was little surprise when the wide spread up candle of a few days failed to materialise into anything and we are now back in the same old pennant pattern of the last few months. [...]


USD/CAD – Daily Candle Chart 19th February 2009 (0)

Published on Thu, 19/02/09 | USD to CAD Daily Chart
USD/CAD – Daily Candle Chart 19th February 2009

Hands up anyone who ignored my advice from yesterday? – if you did then you can’t say I didn’t warn you!! If you rushed into the market on the strength of one candle with a long position, you are no doubt trapped as prices fall once again, as the pair continue their erratic and volatile [...]


US Dollar CAD Currency Pair – February 18th 2009 (0)

Published on Wed, 18/02/09 | USD to CAD Daily Chart
US Dollar CAD Currency Pair – February 18th 2009

Yesterday, at long last, we saw a breakout from the pennant pattern of the last few weeks, and not in the direction I was expecting I have to be honest, with a wide spread up bar on the day, which broke thorough the upper line of the pattern. Now before we all rush in and [...]


USD to CAD – 17th February 2009 (0)

Published on Tue, 17/02/09 | USD to CAD Daily Chart
USD to CAD – 17th February 2009

More sideways action yesterday, not helped by the fact that both markets were closed. The main fundamental news out today is due shortly in the US with the release of the TIC figures which hopefully will bring some volatility to the usd to cad pair.


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Currency News USD to CAD Range 7 Oct 2009

Last week’s shooting star candle of Friday was once again confirmed yesterday as the usd to cad pair continues its inexorable slide lower, this time breaking below the key support level below the current region of consolidation – not a good signal for US dollar bulls – with the pair finally breaking throught the floor [...]

USD CAD Weekly Candle Chart – 23rd March 2009

The relatively wide spread down bar of last week confirmed the bearish signal of the previous week which provided a shooting star candle with failure to penetrate the resistance at 1.30 once again.  Last week’s closing price finished just below the 9 week moving average and just above the 14 but with the two now [...]

USD to CAD Weekly Chart – 16th March 2009

A look at last week’s candle chart for the usd to cad currency pair confirms what we already know in that the 1.3000 handle is providing strong resistance to any move higher by the pair and this has been further confirmed by this morning’s price action with the pair falling back once again.  The candle [...]

USD CAD Weekly Candle Chart – 9th March 2009

The weekly candle chart for the usd to cad currency pair, reveals little new detail, other then to reinforce how important the 1.3000 region has now become, and that at move higher will have to break through this level. With three previous failed attempts to move higher we really do have to be patient and [...]

USD to CAD – Weekly Candle Chart 2nd March 2009

After several weeks of consolidation in a relatively narrow trading range as shown on the weekly chart, we could be seeing the first sign of a breakout to the upside this morning, with a gap up on the opening and a move higher, with the 1.2800 region now providing some solid support to any retest [...]

USD to CAD – Weekly Chart 16th February 2009

The usd to cad currency pair continue their inexorable consolidation move, with the pennant pattern on both the weekly and the daily chart becoming ever stronger. Last week saw yet another doji candle, with the upper wick touching the upper trend line, as for the week before. Until we see a breakout from this pattern [...]

USD to CAD – Weekly Chart 9th February 2009

I have expanded the scale on this week’s usd to cad chart to highlight the strong pennant pattern which is now forming, as a result of lower lows and lower highs on each candle of the last few weeks. This is now a strong signal that we can expect a breakout soon, with the point [...]

USD to CAD – Weekly Candle Chart February 2nd 2009

Technical analysis of the weekly candle chart for the usd to cad currency pair, tells us little I’m afraid that we don’t already know! The currency pair are trading sideways, and last week’s hanging man, following the shooting star has done nothing to clarify the direction for the next few weeks, other than more of [...]

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USD to CAD - Weekly Candle Chart February 2nd 2009