The usd to cad, like many other currency pairs, is entering a phase of sideways consolidation as evidenced with yesterday’s candle which closed as a long legged doji marginally below 14 day moving average. Many of the currency pairs, particularly the majors, are now consolidating...
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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...
USD to CAD – US Dollar Canadian Dollar 4th June 2009
As I have been suggesting for some time, and indeed as mentioned in yesterday’s market commentary, the short squeeze duly arrived closing the trading session with a wide spread up bar, which closed marginally above the 9 day moving average and almost 300 pips up...
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 Monthly Chart 1st June 2009
With the start of new month I thought it would both useful and interesting to look at the monthly dollar to cad chart given the extent to which the dollar has fallen against the Loonie in the last 2 months. As you can see above...
USD to CAD – USD vs CAD Daily Forex Chart 28th May 2009
I hope all of you who have been following me on the downward spiral of the US dollar against the Canadian dollar have enjoyed the ride and I still feel there is more profit to come out of this pair as we now look to...
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 vs Canadian Dollar – Daily FX Chart 21st May 2009
Yesterday’s wide spread down bar added further momentum to the bearish avalanche which continues almost unabated and burst through our initial target of 1.15 promptly followed by our second target of 1.14 so I hope you have been following this pair all the way down...
