The past two weeks for the USD/CAD has been characterized by a series of narrow spread trading days resulting in a collection of spinning tops and doji candles, of which yesterday was yet another example in this sideways consolidation. Having said that the trend does...
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USD vs CAD – US Dollar/Canadian Dollar Daily Chart 3rd July 2009
As with several of the other major pairs the dollar to cad was a beneficiary of the market’s return to the US Dollar as equity markets suffered as a result of the dreadful NFP data in the US which fell below market expectations, taking the...
USD to CAD – Daily Analysis Of The USD/CAD 1st July 2009
Like many other currency pairs the future direction for the usd to cad depends to a great extent on the outcome of tomorrow’s NFP numbers and ECB interest rate decision. In the meantime today has seen the release of the ADP figures which have come...
US Dollar/Canadian Dollar – USD/CAD Daily Currency Chart 26th June 2009
The USD to cad pair has reached an interesting point in the recent rally from the lows of 1.08, as we now approach the first level of serious resistance since the upwards move began. Following the strong move higher on Monday the price action of...
US Dollar vs Canadian Dollar – Daily Currency Rates 25th June 2009
As suggested in yesterday’s market commentary for the usd to cad the pair duly obliged with a mildly bullish tone during the trading session which has followed through in this morning’s early trading with a further small rise in the US Dollar. The candle from...
USD to CAD – Daily Currency Rates USD/CAD Chart 24th June 2009
Following Monday’s widespread up bar and break through above both the 40 day and resistance at the 1.14 level, it was no surprise yesterday that trading was restricted to a relatively narrow range with the candle closing as a “spinning top” and with a red...
USD to CAD – US Dollar vs Loonie USD/CAD Daily Chart 19th June 2009
As with many other currency pairs the usd to cad continues to move sideways, albeit with a downwards bias, but in a very narrow trading range, with yesterday’s candle indicative of the current mood of the market ending the day as a doji with a...
US Dollar vs Canadian Dollar – USD/CAD Daily Chart 18th June 2009
Yesterday’s candle to the usd to cad daily chart may have signalled an end to the recent short squeeze higher and a possible resumption of the continued move lower. Of particular interest was the high of yesterday which failed to break through the 40 day...
USD to CAD – Daily Chart USD/CAD Exchange Rates 17th June 2009
Yesterday’s candle added further weight to our analysis of Monday that the short squeeze in the dollar to cad pair may be more pronounced than at first thought with the bar closing the day with a deep lower wick suggesting that a bullish sentiment in...
USD vs CAD – Daily FX Chart Loonie vs Dollar 16th June 2009
Yesterday’s rebound in the US dollar translated into a further squeeze higher for the usd to cad currency pair, ending the day with a wide spread up bar and closing above both the 9 and 14 day moving averages but well below the 40 day...
