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Currency Markets – USD to CAD 8th April 2009

Yesterday’s down bar confirmed two things for us from a technical perspective as follows. Firstly the bar confirmed that the bullish signal seen on Monday can now be ignored as a failed indication of a bearish reversal, and secondly with the close now below both...

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USD to CAD – Daily Candle Chart 1st April 2009

Yesterday’s candle which closed marginally lower on the day nevertheless provided a modicum of bullish momentum to the existing, as I suggested, with prices initially falling and then recovering in the evening session to close well above all three moving averages.  Of particular note was...

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USD to CAD – Daily Candle Chart 26th March 2009

With no direct fundamental news relating to the Canadian the market will look to the US instead and, in particular, the unemployment figures, final GDP figures, natural gas storage numbers and, of course, probably another foot in mouth appearance by the increasingly gormless Geithner.   The...

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