The long legged doji of Tuesday duly delivered yesterday for the usd to cad pair, ending the session with an up candle, but one that failed to inspire or provide a huge degree of confidence! Whilst this could be the start of a short term...
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USD to CAD – Daily Candle Chart USD/CAD 29th July 2009
An interesting day on the usd to cad daily candle chart yesterday, with the currency pair finishing the day with a long legged doji, indicative of indecision and therefore a possible turning point. What is particularly interesting about this candle is that the low of...
USD to CAD – USD vs CAD Daily Candle Chart 28th July 2009
The bears remained firmly in control once again yesterday, with the daily candle ending the session with a wide spread down bar, which briefly found some support at the level created in early June. With all three moving averages now weighting heavily on the currency...
USD to CAD – Daily FX Candle Chart 24th July 2009 USD/CAD
Yesterday’s wide spread down bar on the usd to cad daily chart, added further momentum to the decline of the usd cad currency pair, as they speed towards our interim target of 1.08 once again. With the 14 day moving average diving below the 40...
USD to CAD – Daily Candle Chart 23rd July 2009
The small hammer candle that we saw on the daily chart for the usd to cad on Tuesday, failed to validate on Wednesday, with yesterday’s candle ending the trading session lower and with small shadows to both top and bottom. However, the speed of the...
USD to CAD – USD/CAD Daily Candle Chart 22nd July 2009
Yesterday’s bullish hammer candle on the daily usd to cad chart, may be the signal for a short term reversal higher, following the sharp sell off in the pair in the last few days, but as always we need to wait for this signal to...
USD to CAD – Daily Candle Chart 21st July 2009
Yesterday’s down candle on the usd to cad daily chart, reinforced once again the bearish picture for the pair, with bar closing with a narrow body and small lower shadow, suggesting that there may still be some US dollar bulls in the market despite the...
USD to CAD Daily Chart 20th July 2009
Thursday and Friday’s candle on the usd to cad daily chart, provided a pause point, as the market took a breather following the steep falls of earlier in the week, with Friday closing as a narrow spread down candle. The bearish picture remains firmly in...
USD to CAD – Daily Candle Charts USD vs CAD 17th July 2009
The prize for this week’s best performing currency against the US Dollar has to go to the Canadian Loonie which gained an impressive 4.3% moving from 1.16 to 1.11 with the pair now taking a well deserved breather. Yesterday’s candle was indicative of this exhaustion...
USD to CAD – Daily Candle Chart 16th July 2009
Yesterday’s wide spread down bar on the usd to cad daily chart merely reinforced once again the strong bearish market tone towards the US Dollar. This collapse has followed the failed attempts to move higher throughout June and early July. Yesterday’s candle was significant in...
