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USD vs CAD 6 May 2010

Having duly achieved parity in the last few weeks and tested 0.95 as a result, the dollar to cad pair appears to  have reached the end of this particular cycle as it now attempts a longer term recovery and move higher.  Technically the rounded bottom...

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Factors Affecting USD/CAD 21 Jan 2010

Even as the US dollar continues to strengthen against the euro it is not enjoying the same success against the Canadian dollar where it is currently struggling at the USD1.0510 price handle despite the price action having broken through the 9,14 & 40 day moving...

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USD/CAD Analysis 8 Dec 2009

The shooting star candle on the usd to cad chart may yet be validated later today as the currency market waits for the Bank of Canada interest rate decision later.  Consensus of opinion seems to be for a hold at 0.25% but given yesterday excellent...

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USD to CAD Trend 7 Dec 2009

The usd to cad continued to bounce around on the 1.05 price region, with counterbalancing signals between last Friday and that of a week earlier, with the first suggesting a fall based on the shooting star candle ( which arrived but failed to develop) followed...

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USD to CAD Trend 2 Dec 2009

With last week’s hammer candle now duly confirmed on the daily chart, the usd to cad pair continued to trade lower yesterday once again, ending the trading session as a wide spread down candle with small wicks to both top and bottom.  The key analysis...

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USD to CAD Trend 30 Nov 2009

As with many other markets, and indeed several other currency pairs, the usd to cad suffered some extreme volatility on Thursday and Friday as the markets traded through the Thanksgiving holiday, with the thin volumes reacting to the merest hints of rumour and speculatio  This...

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USD to CAD Trend 24 Nov 2009

The bearish engulfing signal of yesterday was hardly an encouraging sign for usd/cad bulls, as the currency pair once again stalled after a minor recovery, ending the trading session with a wide spread down candle, and one which suggests that the recent modest bounce higher...

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USD to CAD Trend 23 Nov 2009

A positive end last week for the usd to cad currency pair, which duly confirmed the inverted hammer signal of Tuesday with a strong move higher for the remainder of the week, and ending on Friday with a relatively wide spread up candle, which once...

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USD/CAD Analysis 16 Nov 2009

The bearish sentiment is firmly back in place for the usd to cad currency pair, despite the mid week attempt to recover, a move which was promptly snuffed out by the three moving averages which are now weighing heavily on the currency pair once again....

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USD to CAD Trend 12 Nov 2009

Another down day for the usd to cad pair, and with the recent rally now consigned to history, the bearish tone has been firmly reestablished once again, a view reinforced by the crossing of the 9 day and 40 day moving averages giving a bear...

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