Yesterday’s daily chart for the usd to cad pair hinted at the dollar carnage that we are currently witnessing with yesterday’s candle ending the session as a wide spread down bar closing well below both the 9 and 14 day moving averages but marginally above...
USD vs CAD – Daily Candle Chart USD/CAD 6th July 2009
Friday’s candle on the usd to cad chart provides us with little substance for analysis given that the US markets were closed for a national holiday and therefore trading volumes were thin and the markets somewhat muted. The sideways consolidation of the last two weeks...
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...
USD to CAD – USD vs CAD Daily Chart 30th June 2009
The usd to cad pair is currently finding it hard work to break through the 1.16 price region and for the sixth day in a row the closing price of the day failed to hold above this technically important level. Whilst the moving averages are...
USD to CAD – Daily Chart US Dollar vs Canadian Dollar 29th June 2009
Whilst Friday’s candle added to the general sideways consolidation of earlier in the week for the usd to cad pair, the low of the day found strong support from the 9 day moving average, suggesting once again that this reversal has still got some “legs”. ...
USD vs CAD -Daily Chart USD/CAD 8th June 2009
Friday’s wide spread up candle added some momentum to the initial reversal of the usd to cad pair, confirming the bullish engulfing signal outlined in Wednesday’s chart analysis, and closing the day above both the 9 day and 14 day moving averages, but interestingly failing...
USD vs CAD – US Dollar Canadian Dollar Chart 5th June 2009
As I discussed in yesterday’s post, we are at an interesting point on the usd to cad daily chart, as we now need to make some decisions with regard to closing out our long term short positions and opening any new trades, so I will...
USD to CAD – US Dollar vs Canadian Dollar Daily Chart 2nd June 2009
If currency pairs were children then I would have to confess to a soft spot for the commodity dollars, and the usd to cad pair in particular, possibly because they have been very good for me and I do enjoy trading them because of their...
USD to CAD – US Dollar vs Canadian Dollar Monthly Chart 1st June 2009
With the start of new month I thought it would both useful and interesting to look at the monthly dollar to cad chart given the extent to which the dollar has fallen against the Loonie in the last 2 months. As you can see above...