CAD | Forex trading & Analysis

USD/CAD Technical Snap Shot

5. January 2010

Looking at the USD/CAD 15 Min Chart from this morning we see that it has been descending slowly in a downward channel beneath the 100 bar (Moving Average) labeled above in blue. It had previously tried to break through on the topside through the MA and downtrend resistance . A break to the topside with [...]

USD/CAD Update

11. November 2009

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Last week’s Employment figures reported an enormous and unexpected loss of jobs in October causing great disappointment and erasing the entire amount of jobs previously gained in the month. Canadian Net Change in Employment showed the loss of 43.2K jobs when a rise of 10K was forecasted. The Unemployment Rate climbed to 8.6% almost reaching [...]

Trading Idea

29. October 2009

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Technical Analysis USD/CAD Trend- Bearish Scenario- After encountering strong resistance around 1.09 the Pair will move again towards the bearish zone under 1.06 to retest the 1.02 low. A break of the 1.02 low would mark 1 as the next target Advisable Stop loss zone - Above 1.14 Target1- 1.02 Target2- 1 What would invalidate the Scenario: A daily close above 1.14 [...]

Canadian Dollar Overview

7. May 2009

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The Canadian Dollar climbed strongly this week toping at the strongest level since Nov. 6, following big gains in equity markets, a rise above $56 in crude oil prices and stronger than expected domestic data. Canada’s currency as for Thursday is up 8% from the beginning of the week. Canada’s Dollar rallied as domestic building and [...]

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USD/CAD Technical Snap Shot

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