As suggested in yesterday’s commentary we did indeed see a short term reversal or short squeeze in the usd to cad currency pair, and this reversal may continue for a day or so before we see a continuation of the bearish trend reinstated once again,...
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Currency Trading USD to CAD – Daily Chart 16th April 2009
Yesterday’s wide spread down bar added continued momentum to the bearish move in the usd to cad currency pair with all three moving averages adding considerable pressure to the downward trend which broke through a strong region of resistance and has now cleared the way...
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...
USD to CAD – Trading Currency Daily Chart 14th April 2009
For those of you who followed my trading suggestions last week with short positions I hope you took some pips from the market as indeed I did, and the bearish picture has now been firmly established with the crossing of the 9 and 14 day...
