Despite the fact Canada was enjoying a national holiday yesterday, the usd to cad pair managed to provide some lively price action on the daily chart closing the day on a relatively wide spread down bar with the low of the day finding some support...
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USD to CAD – Daily Analysis Of The USD/CAD 1st July 2009
Like many other currency pairs the future direction for the usd to cad depends to a great extent on the outcome of tomorrow’s NFP numbers and ECB interest rate decision. In the meantime today has seen the release of the ADP figures which have come...
USD to CAD – USD vs CAD Daily Chart 30th June 2009
The usd to cad pair is currently finding it hard work to break through the 1.16 price region and for the sixth day in a row the closing price of the day failed to hold above this technically important level. Whilst the moving averages are...
USD to CAD – Daily Chart US Dollar vs Canadian Dollar 29th June 2009
Whilst Friday’s candle added to the general sideways consolidation of earlier in the week for the usd to cad pair, the low of the day found strong support from the 9 day moving average, suggesting once again that this reversal has still got some “legs”. ...
USD to CAD – Daily Candle Chart 22nd June 2009
Friday’s daily candle on the dollar to cad chart ended the week of sideways consolidation for this currency pair with a narrow spread candle and with a deep lower wick, and the only significant aspect of the trading session was that the low of the...
USD to CAD – Daily Chart USD/CAD Exchange Rates 17th June 2009
Yesterday’s candle added further weight to our analysis of Monday that the short squeeze in the dollar to cad pair may be more pronounced than at first thought with the bar closing the day with a deep lower wick suggesting that a bullish sentiment in...
USD vs CAD – Daily FX Chart Loonie vs Dollar 16th June 2009
Yesterday’s rebound in the US dollar translated into a further squeeze higher for the usd to cad currency pair, ending the day with a wide spread up bar and closing above both the 9 and 14 day moving averages but well below the 40 day...
USD vs CAD – USD/CAD Daily Price Chart 10th June 2009
Yesterday’s candle on the daily chart for the dollar to cad pair was hardly a ringing endorsement of the bearish signal discussed in yesterday’s market commentary, which nevertheless closed the day lower but with wicks to both top and bottom. The close of the day...
USD to CAD – Daily Chart USD vs CAD 9th June 2009
As I suggested in yesterday’s market commentary for the usd to cad currency pair, the candle closed the session as a ‘shooting star’, giving us a strong signal that this was merely a temporary reversal in the downwards trend, and indeed this has been confirmed...
USD vs CAD – US Dollar Canadian Dollar Chart 5th June 2009
As I discussed in yesterday’s post, we are at an interesting point on the usd to cad daily chart, as we now need to make some decisions with regard to closing out our long term short positions and opening any new trades, so I will...
