Category: usd to cad rate forecast

The bearish engulfing signal of yesterday was hardly an encouraging sign for usd/cad bulls, as the currency pair once again stalled after a minor recovery, ending the trading session with a wide spread down candle, and one which suggests that the recent modest bounce higher...

A positive end last week for the usd to cad currency pair, which duly confirmed the inverted hammer signal of Tuesday with a strong move higher for the remainder of the week, and ending on Friday with a relatively wide spread up candle, which once...

The bearish sentiment is firmly back in place for the usd to cad currency pair, despite the mid week attempt to recover, a move which was promptly snuffed out by the three moving averages which are now weighing heavily on the currency pair once again....

Another down day for the usd to cad pair, and with the recent rally now consigned to history, the bearish tone has been firmly reestablished once again, a view reinforced by the crossing of the 9 day and 40 day moving averages giving a bear...

The usd to cad pair made a brave attempt to rally higher following the sharp sell off in the pair on Tuesday, and ended the currency trading week with a wide spread up candle, which breached both the 9 day and 14 day moving averages,...

Technically the usd to cad remains poised in a precarious position, partially supported by the moving averages, but perched on the lower level of the current congestion zone, all of which is providing a mixed picture for us a chartists!!  The strong reversal lower on...

The usd to cad pair has now reached an interesting technical point on the daily chart which could well define whether we see a break higher following the recent short term rally or, alternatively, a collapse of the recent momentum as the move runs out...

The usd to cad currency pair continued their recovery yesterday, ending the trading session with another strong move higher as investors started buying the US dollar once again, and ending the trading session with a wide spread up candle which found good support from the...

As it is the start of another currency trading week for the usd to cad, I thought it might be more useful to look at the weekly chart for the pair, as this analysis is perhaps more revealing than the usual daily chart, and indeed...