USD to CAD Trend 24 Nov 2009

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...

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USD to CAD Trend 23 Nov 2009

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...

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USD/CAD Analysis 16 Nov 2009

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....

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USD to CAD Trend 12 Nov 2009

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...

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Factors Affecting USD/CAD 9 Nov 2009

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,...

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USD to CAD Trend 5 Nov 2009

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...

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Currency News for USD/CAD 3 Nov 2009

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...

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Factors Affecting USD to CAD – 2 Nov 2009

As the US dollar begins to fight back, so does the usd to cad pair, which closed on Friday with a wide spread up candle which reversed the losses of Thursday, probing deeper into the congestion area immediately ahead. Indeed, with the FOMC meeting this...

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Factors Affecting USD/CAD 29 Oct 2009

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...

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Can Dollar to US Dollar 26 Oct 2009

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...

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