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...
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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...
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...
Hi And Welcome
Hello and welcome to another of my sites which is now being upgraded along with several others. This one is dedicated to news concerning the USD/CAD currency pair, and in particular looking at the currency pair, from a technical perspective. The site will be updated...
