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...
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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...
USD vs CAD – USD/CAD Daily Price Chart 10th June 2009
Yesterday’s candle on the daily chart for the dollar to cad pair was hardly a ringing endorsement of the bearish signal discussed in yesterday’s market commentary, which nevertheless closed the day lower but with wicks to both top and bottom. The close of the day...
USD to CAD – Daily Chart USD vs CAD 9th June 2009
As I suggested in yesterday’s market commentary for the usd to cad currency pair, the candle closed the session as a ‘shooting star’, giving us a strong signal that this was merely a temporary reversal in the downwards trend, and indeed this has been confirmed...
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 to CAD – US Dollar vs Canadian Dollar Daily Chart 3rd June 2009
The bearish momentum for the usd to cad continued yesterday, and as a consequence failed to confirm the hammer candle of the previous day, which had suggested that a possible short term reversal, or short squeeze, might take place in the next few days. The...
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...
USD to CAD – US Dollar Canadian Dollar Exchange Rate Chart 29th May 2009
Not a lot to say other than we continue our journey due south on the dollar to cad pair with the next target at 1.055 where we may find some minor support which could temporarily halt the collapse of the US dollar but should this...
