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...
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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 – USD vs CAD Daily Forex Chart 28th May 2009
I hope all of you who have been following me on the downward spiral of the US dollar against the Canadian dollar have enjoyed the ride and I still feel there is more profit to come out of this pair as we now look to...
USD to CAD – US Dollar vs Canadian Dollar Daily Chart 26th May 2009
This morning’s return to a modicum of dollar strength is hardly surprising given the extent to which it has fallen against the Canadian Dollar which has been aided and abetted by problems in the German banking system and North Korea’s Elvis loving “Dear Leader” who...
US Dollar vs Canadian Dollar – Daily FX Chart 21st May 2009
Yesterday’s wide spread down bar added further momentum to the bearish avalanche which continues almost unabated and burst through our initial target of 1.15 promptly followed by our second target of 1.14 so I hope you have been following this pair all the way down...
US Dollar Canadian Dollar – Daily FX Chart 11th May 2009
Friday’s wide spread down-bar in the usd to Canadian dollar pair mirrored many other currency pairs as generalised dollar weakness took hold across the currency market strengthening the Canadian Dollar further and adding increased momentum to the bearish move lower, plunging past our second target...
USD vs CAD – Daily FX Chart 7th May 2009
Yesterday’s candle continued the downwards move in the usd to cad unabated, and the expected short squeeze failed to materialise other than in a temporary move higher in the morning trading session which provided further opportunities for placing sell orders. With the market now waiting...
USD to CAD – |Currency Trading Daily Chart 6th May 2009
With a host of important fundamental news on the economic calendar for both the US Dollar and Canadian Dollar today it is not surprising to that many currency traders banked their profits yesterday in advance of today’s busy calendar, and are now waiting on the...
