With the start of new month I thought it would both useful and interesting to look at the monthly dollar to cad chart given the extent to which the dollar has fallen against the Loonie in the last 2 months. As you can see above...
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USD to CAD – US Dollar Canadian Dollar Exchange Rate Chart 29th May 2009
Not a lot to say other than we continue our journey due south on the dollar to cad pair with the next target at 1.055 where we may find some minor support which could temporarily halt the collapse of the US dollar but should this...
USD to CAD – USD vs CAD Daily Forex Chart 28th May 2009
I hope all of you who have been following me on the downward spiral of the US dollar against the Canadian dollar have enjoyed the ride and I still feel there is more profit to come out of this pair as we now look to...
USD to CAD – US Dollar vs Canadian Dollar Daily Chart 26th May 2009
This morning’s return to a modicum of dollar strength is hardly surprising given the extent to which it has fallen against the Canadian Dollar which has been aided and abetted by problems in the German banking system and North Korea’s Elvis loving “Dear Leader” who...
US Dollar vs Canadian Dollar – Daily Fx Chart 22nd May 2009
Yesterday the usd to cad continued its steep descent in a price waterfall easily breaching our initial target for this current trend at 1.14 and closing the day at 1.320. With all three moving averages bearing down on the chart this price action has continued...
US Dollar vs Canadian Dollar – Daily FX Chart 21st May 2009
Yesterday’s wide spread down bar added further momentum to the bearish avalanche which continues almost unabated and burst through our initial target of 1.15 promptly followed by our second target of 1.14 so I hope you have been following this pair all the way down...
USD/CAD Daily Fx Strategy Chart 19th May 2009
Yesterday’s wide spread down bar brought an abrupt end to the short squeeze higher as outlined in yesterday’s market commentary, reaffirming once again the bearish tone for the usd to Canadian dollar pair which has continued in early trading this morning, and I hope you...
USD vs CAD – Daily Chart 18th May 2009
Today is a national holiday in Canada, but despite this we have seen some lively volatility in the usd vs canadian dollar pair in early trading this morning, which has largely negated the short squeeze of late last week initiated on Wednesday and completed on...
US Dollar vs Canadian Dollar – Daily Chart 13th May 2009
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...
US Dollar vs Canadian Dollar – Daily Chart 12th May 2009
Yesterday’s up bar came as little surprise to the market given the velocity of the dollar cad fall in the last few days and as a result provided plenty of opportunities to open further medium term short positions in anticipation of the downward momentum continuing...
