Having duly achieved parity in the last few weeks and tested 0.95 as a result, the dollar to cad pair appears to have reached the end of this particular cycle as it now attempts a longer term recovery and move higher. Technically the rounded bottom...
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USD to CAD – Daily Chart 18th March 2010
The usd to cad continued to grind lower yesterday once again, ending the currency trading session with a narrow spread down candle, closing below all three moving averages and with a small wick to the lower body. The bearish move lower has been remorseless in...
USD to CAD – Daily Chart 9th February 2010
The usd to cad forex pair continued to lurch higher again yesterday, closing with a narrow spread up candle with a deep lower wick which once again seemed to find some support from the 9 day moving average, a positive signal in the short term...
Factors Affecting USD/CAD 21 Jan 2010
Even as the US dollar continues to strengthen against the euro it is not enjoying the same success against the Canadian dollar where it is currently struggling at the USD1.0510 price handle despite the price action having broken through the 9,14 & 40 day moving...
USD to CAD Trend – 12th January 2010
Yesterday’s up candle in the usd to cad currency pair brought some welcome relief to the recent and ongoing slide lower ending the trading session as a narrow spread up candle but which closed well below all three moving averages. Since the end of December...
USD to CAD Trend – Daily Chart USD/CAD 5th January 2010
Despite several attempts to rise in the last few weeks, the usd to cad currency pair remains firmly bearish in the short term, having failed to breach the 1.07 price handle in the run towards the end of the trading year, which now present a...
USD/CAD Analysis 8 Dec 2009
The shooting star candle on the usd to cad chart may yet be validated later today as the currency market waits for the Bank of Canada interest rate decision later. Consensus of opinion seems to be for a hold at 0.25% but given yesterday excellent...
USD to CAD Trend 7 Dec 2009
The usd to cad continued to bounce around on the 1.05 price region, with counterbalancing signals between last Friday and that of a week earlier, with the first suggesting a fall based on the shooting star candle ( which arrived but failed to develop) followed...
USD to CAD Trend 2 Dec 2009
With last week’s hammer candle now duly confirmed on the daily chart, the usd to cad pair continued to trade lower yesterday once again, ending the trading session as a wide spread down candle with small wicks to both top and bottom. The key analysis...
USD to CAD Trend 30 Nov 2009
As with many other markets, and indeed several other currency pairs, the usd to cad suffered some extreme volatility on Thursday and Friday as the markets traded through the Thanksgiving holiday, with the thin volumes reacting to the merest hints of rumour and speculatio This...
