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...
USD to CAD – Daily Candle Chart 25th March 2009
Following the steep falls of the last 2 weeks yesterday’s small up bar came as no great surprise as profit taking resulted in a small rally. With all the three moving averages still pointing lower and with the 9 day now crossing the 40 giving...
USD to CAD Daily Candle Chart – 24th March 2009
The bearish momentum in the USD to CAD pair continued unabated yesterday, with a wide spread down bar on the day, closing just above the 1.2200 region, and well below all three moving averages which are now adding weight to the fall. This move is...
USD CAD Weekly Candle Chart – 23rd March 2009
The relatively wide spread down bar of last week confirmed the bearish signal of the previous week which provided a shooting star candle with failure to penetrate the resistance at 1.30 once again. Last week’s closing price finished just below the 9 week moving average...
USD to CAD – Candle Chart 17th March 2009
17th Following the down bar of Friday this sentiment was repeated yesterday with another down day but with the opening gapped up making the fall less pronounced than otherwise would have been the case. It is interesting to note that on both days the low...
USD to CAD – 4th February 2009
Well, trading the usd to cad pair is not getting any easier, and in my humble opinion is now a complete lottery, which is why I can only reiterate my advice of the last few days, and that is to stay out! Yesterday saw a...
USD to CAD – Daily Prices February 2nd 2009
canadian dollar us dollar currency trading pair