The hanging man and shooting star on last week’s daily chart for the usd to cad pair, was subsequently confirmed on Thursday with a widespread down bar and on Friday with a further down bar, the latter of which also included a long upper wick...
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USD to CAD – Daily Candle Chart 2nd April 2009
Yesterday’s upthrust coming on the back of the hanging man of Tuesday suggests that the mild bullish bias of the last few days may have run its course even though the close finished above all three moving averages, and that the bearish reversal seen in...
USD to CAD – Daily Candle Chart 1st April 2009
Yesterday’s candle which closed marginally lower on the day nevertheless provided a modicum of bullish momentum to the existing, as I suggested, with prices initially falling and then recovering in the evening session to close well above all three moving averages. Of particular note was...
USD to CAD – Daily Candlestick Chart 31st March 2009
As I suggested in yesterday’s post the weekly hammer candle in the usd to cad chart did indeed provide the impetus for yesterday’s wide spread up bar which closed above all three moving averages but just failing to breach the 1.2650 region and closing marginally...
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 to CAD – Daily Candle Chart 26th March 2009
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 to CAD – January 29th 2009
usd to cad currency trading online news and charts for the loonie
