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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 CAD Weekly Candle Chart – 23rd March 2009

The relatively wide spread down bar of last week confirmed the bearish signal of the previous week which provided a shooting star candle with failure to penetrate the resistance at 1.30 once again.  Last week’s closing price finished just below the 9 week moving average...

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USD to CAD – Candle Chart 17th March 2009

17th Following the down bar of Friday this sentiment was repeated yesterday with another down day but with the opening gapped up making the fall less pronounced than otherwise would have been the case.  It is interesting to note that on both days the low...

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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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