Tag: forex strategies

Another down day for the usd to cad pair, and with the recent rally now consigned to history, the bearish tone has been firmly reestablished once again, a view reinforced by the crossing of the 9 day and 40 day moving averages giving a bear...

The usd to cad pair made a brave attempt to rally higher following the sharp sell off in the pair on Tuesday, and ended the currency trading week with a wide spread up candle, which breached both the 9 day and 14 day moving averages,...

Technically the usd to cad remains poised in a precarious position, partially supported by the moving averages, but perched on the lower level of the current congestion zone, all of which is providing a mixed picture for us a chartists!!  The strong reversal lower on...

The usd to cad pair has now reached an interesting technical point on the daily chart which could well define whether we see a break higher following the recent short term rally or, alternatively, a collapse of the recent momentum as the move runs out...

The usd to cad currency pair continued their recovery yesterday, ending the trading session with another strong move higher as investors started buying the US dollar once again, and ending the trading session with a wide spread up candle which found good support from the...

As it is the start of another currency trading week for the usd to cad, I thought it might be more useful to look at the weekly chart for the pair, as this analysis is perhaps more revealing than the usual daily chart, and indeed...

The poor old usd to cad, just like Lazarus, tried to rise from the dead on Friday, but was once again buried under the weight of the bearish sentiment for the US dollar, ending the week and the trading session marginally higher but with a...