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...
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USD To CAD – Currency Trading 21st April 2009
Yesterday’s dramatic wide spread up bar certainly added a new dimension to the term “short squeeze” which was certainly more pronounced than I would have expected closing well above both the 9 and 14 day moving averages. The combined effect of a dramatic fall in...
USD vs CAD – Currency Chart 15th April 2009
With all three moving averages now pointing lower yesterday’s down bar came as no great surprise, although it did finish the day with a shadows to the body both above and below, mainly due to the torrent of fundamental news released in the afternoon in...
Currency Trading – USD to CAD 9th April 2009
Yesterday’s candle on the usd to cad daily chart provided little in the way of direction for us as currency traders with the high of the day bouncing off the 9 day moving average and ending marginally below the 14 day moving average which have...
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...
USD To CAD – Daily Candle Chart 6th April 2009
The hanging man and shooting star on last week’s daily chart for the usd to cad pair, was subsequently confirmed on Thursday with a widespread down bar and on Friday with a further down bar, the latter of which also included a long upper wick...
USD to CAD – Daily Candle Chart 2nd April 2009
Yesterday’s upthrust coming on the back of the hanging man of Tuesday suggests that the mild bullish bias of the last few days may have run its course even though the close finished above all three moving averages, and that the bearish reversal seen in...
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...
USD CAD – Daily Candle Chart 30th March 2009
The week ended on the daily candle chart for the usd to cad with an up bar with the close of the day marginally above the 9 day moving average which came as no great surprise following the three consecutive small doji candles. This up...
USD to CAD – Daily Candle Chart 27th March 2009
There is little to add to our analysis of this pair and yesterday’s candle which was a perfect doji cross simply reinforces the general picture of the likelihood of a continuing period of sideways movement and consolidation prior to a move a lower which we...
