USDCAD Forecast May 12, 2017, Technical Analysis
The USDCAD pair had a very rough session on Thursday, initially surging much higher, then pulling back drastically, only to bounce again to the highs, and then pulling back to show weakness yet again.
canadian dollar
USDCAD Forecast May 5, 2017, Technical Analysis
The US dollar continues to grind sideways against the Canadian dollar as we have seen over the last couple of days. I believe that the market breaking down in WTI Crude suggests that the market will eventually go higher.
USDCAD Forecast April 13, 2017, Technical Analysis
The USD/CAD pair fell during the session on Wednesday, crashing into the 1.3250 level.
USDCAD Forecast December 14, 2016, Technical Analysis
The USDCAD pair did very little during the day on Tuesday as we continue to hug the previous uptrend line.
USDCAD Reversal Signal Nov 22, 2016
USDCAD seems to be tired from its climb, as a double top pattern formed on its 1-hour time frame. Price is still testing the neckline at the 1.3400 major psychological level before conrfirming this reversal signal.
USDCAD Forecast August 29, 2016, Technical Analysis
The USDCAD pair initially fell during the course of the day on Friday, but turned around and form a hammer yet again.
USDCAD Forecast April 26, 2016, Technical Analysis
The USDCAD pair went back and forth during the course of the day on Monday, essentially forming a neutral candle.
USDCAD Forecast April 20, 2016, Technical Analysis
The USDCAD pair fell during the course of the session on Tuesday, as we are now well below the 1.28 handle.
USDCAD Forecast April 4, 2016, Technical Analysis
The USDCAD pair initially rose during the course of the day on Friday, but turned right back around to form a bit of a shooting star. The shooting star completely contradicts the hammer that we formed during the Thursday session, and the fact that the 1.30 level is massively supportive, and also has an uptrend line near there, it makes sense that we will continue to see quite a bit
USDCAD Forecast March 21, 2016, Technical Analysis
The USDCAD pair fell initially during the day on Friday, but it now appears that the uptrend line may catch this market and turning back around.