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USD to CAD – Daily Candle Chart 1st April 2009

Yesterday’s candle which closed marginally lower on the day nevertheless provided a modicum of bullish momentum to the existing, as I suggested, with prices initially falling and then recovering in the evening session to close well above all three moving averages.  Of particular note was...

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USD to CAD – Daily Candle Chart 26th March 2009

With no direct fundamental news relating to the Canadian the market will look to the US instead and, in particular, the unemployment figures, final GDP figures, natural gas storage numbers and, of course, probably another foot in mouth appearance by the increasingly gormless Geithner.   The...

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USD to CAD – 3rd March 2009

This is a tough call! If you were brave you went long as suggested yesterday, and the day finished with a wide spread up bar, following the breakout to the upside after months of consolidation. The worry of course is the resistance directly above, at...

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