With no direct fundamental news relating to the Canadian the market will look to the US instead and, in particular, the unemployment figures, final GDP figures, natural gas storage numbers and, of course, probably another foot in mouth appearance by the increasingly gormless Geithner. The...
Home » Archive by category "usd to cad rate forecast" (Page 15)
USD to CAD – Daily Candle Chart 25th March 2009
Following the steep falls of the last 2 weeks yesterday’s small up bar came as no great surprise as profit taking resulted in a small rally. With all the three moving averages still pointing lower and with the 9 day now crossing the 40 giving...
USD to CAD Daily Candle Chart – 24th March 2009
The bearish momentum in the USD to CAD pair continued unabated yesterday, with a wide spread down bar on the day, closing just above the 1.2200 region, and well below all three moving averages which are now adding weight to the fall. This move is...
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...
USD to CAD – Daily Candle Chart 20th March 2009
Today’s fundamental news relevant to the usd to cad pair starts in Canada later today with the release of core retail sales figures which are expected to show a reversal from the negative figure last time around of -3.2% to a move back into positive...
USD to CAD – Daily Candle Chart 19th March 2009
Yesterday’s wide spread down bar confirmed several things simultaneously. First, the closing price breached the 40 day moving average with all three moving averages now pointing to a move lower. Second, this candle confirmed the strong bearish tone to the usd to cad pair which...
USD CAD – Daily Candle Chart 18th March 2009
Yesterday’s down bar, provided yet more evidence of the weakness in the USD to CAD at the moment, and the strength of the 1.3000 region, which is proving to be a major resistance to any move higher, with prices now below both the 9 day...
USD to CAD – Candle Chart 17th March 2009
17th Following the down bar of Friday this sentiment was repeated yesterday with another down day but with the opening gapped up making the fall less pronounced than otherwise would have been the case. It is interesting to note that on both days the low...
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...
USD to CAD – Daily Candle Chart 13th March 2009
Yesterday’s down candle provided yet another bearish signal and in the last 8 days we have now seen three bearish engulfing reversal patterns, one after the other and it does beg the question of how many more do we need. Clearly the resistance at 1.3000...
