Yesterday’s candle finished the day in a down bar, having initially risen in early trading which proved to be a short lived reversal following the better than expected fundamental news on the economic calendar from Canada which promptly strengthened the Canadian Dollar once again, leaving...
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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...
US Dollar Canadian Dollar – Daily Currency Chart 8th May 2009
Yesterday’s short squeeze was indeed “short” in every sense of the word but, once again provided us as currency traders with further opportunities to enter short positions as the downward spiral in the US dollar to the Canadian Dollar pair continues as we hurtle towards...
USD to CAD – |Currency Trading Daily Chart 6th May 2009
With a host of important fundamental news on the economic calendar for both the US Dollar and Canadian Dollar today it is not surprising to that many currency traders banked their profits yesterday in advance of today’s busy calendar, and are now waiting on the...
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 – Currency Trading Daily FX Chart 30th April 2009
Yesterday’s wide spread down bar added considerable momentum to the downward move and with all three moving averages now weighing heavily on the usd to cad pair there is one direction in which this pair is likely to go and that is “Due South”. Indeed...
USD to CAD – Daily FX Chart 29th April 2009
As we expected yesterday’s rally duly ran out of steam finishing the day with a failed attempt to break above the 9 and 14 day moving averages with a long upper shadow and small body replicating the price action of the last two highs in...
USD to CAD – Daily Forex Chart 27th April 2009
The usd to cad currency pair duly delivered on Friday with another wide spread down bar to add to that of Thursday, and to further confirm the bearish signals of the two shooting star candles as outlined in the market commentary earlier in the week...
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...
