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....
Home » Archive by category "usd to cad rate forecast" (Page 17)
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...
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...
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...
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...
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.
USD to CAD – Daily Chart 16th February 2009
The daily chart for the usd to cad, really says it all! Until we see a breakout signal then there is very little that I can add to previous comments. The weekly chart provides no signal at the moment, and all we can hope for...
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...
USD to CAD – 13th February 2009
As you can see from the chart, there is still no break from the continuing move, with lower highs and higher lows creating the perfect pennant patten which is impossible to trade at the moment, so we have to be patient. With the G7 meeting...
USD to CAD – Daily Candle Chart 12th February 2009
Well what a surprise – the usd to cad pair moved sideways again just for a change with a shooting star candle yesterday. The point of the pennant pattern continues to form and it will be interesting to see how tight the range becomes before...
