The bearish momentum for the usd to cad continued yesterday, and as a consequence failed to confirm the hammer candle of the previous day, which had suggested that a possible short term reversal, or short squeeze, might take place in the next few days. The...
Home » Posts tagged "canadian GDP"
USD to CAD – US Dollar vs Canadian Dollar Daily Chart 2nd June 2009
If currency pairs were children then I would have to confess to a soft spot for the commodity dollars, and the usd to cad pair in particular, possibly because they have been very good for me and I do enjoy trading them because of their...
USD to CAD – US Dollar vs Canadian Dollar Daily Chart 26th May 2009
This morning’s return to a modicum of dollar strength is hardly surprising given the extent to which it has fallen against the Canadian Dollar which has been aided and abetted by problems in the German banking system and North Korea’s Elvis loving “Dear Leader” who...
US Dollar vs Canadian Dollar – Daily Fx Chart 22nd May 2009
Yesterday the usd to cad continued its steep descent in a price waterfall easily breaching our initial target for this current trend at 1.14 and closing the day at 1.320. With all three moving averages bearing down on the chart this price action has continued...
US Dollar Canadian Dollar – Daily FX Chart 11th May 2009
Friday’s wide spread down-bar in the usd to Canadian dollar pair mirrored many other currency pairs as generalised dollar weakness took hold across the currency market strengthening the Canadian Dollar further and adding increased momentum to the bearish move lower, plunging past our second target...
USD vs CAD – Daily FX Chart 7th May 2009
Yesterday’s candle continued the downwards move in the usd to cad unabated, and the expected short squeeze failed to materialise other than in a temporary move higher in the morning trading session which provided further opportunities for placing sell orders. With the market now waiting...
USD to CAD – Daily Spot Market Chart 5th May 2009
With yesterday’s forceful breakout rampaging through the 1.18 price point detailed in yesterday market commentary for the usd to cad there is now nothing to prevent a rapid and further move deeper to re-test the 1.15 region and beyond, and this should now be our...
USD to CAD – Daily Forex Chart 24th April 2009
Yesterday’s wide spread down bar did indeed confirm the strong bearish signals that I discussed in yesterday’s daily commentary and I hope that you are currently sitting on some nice profits with this price action continuing in trading this morning as we see further falls...
USD to CAD – Daily Forex Chart 23rd April 2009
Yesterday’s candle was a carbon copy of Tuesday’s, with the only difference being that the body of the candle closed higher as opposed to Tuesday’s which closed lower. Both candles were accompanied with long upper shadows which both failed to penetrate the 40 day moving...
USD vs CAD – Daily Spot Forex Chart 22nd April 2009
Yesterday’s candle on the usd to cad pair provides us with several interesting points for analysis, following the rate decision by the Bank of Canada to cut to 0.25%. On the day the pair closed lower but with a deep upper shadow suggestive of a...
