USDCAD Breaking Lower Aaead Of BOC
North Korea tensions have again dominated the agenda at the start of this week and will continue to remain a major obstacle facing risk-sensitive assets in the near-term.
USDCAD
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.
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.
It Is All About OPEC Today
For obvious reasons, all the focus is on the OPEC meeting. As we pointed out the possibility yesterday, oil prices have bounced back very strongly today on renewed hopes that oil ministers will, after all, be able to hammer out a deal later on to limit crude production.
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 Breakdown Retracement Aug 23, 2016
USDCAD was previously trading inside an ascending channel pattern before breaking lower to signal a reversal. Price hit a low of 1.2762 before pulling up and indicating that a retracement to the broken support area could be in order.
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 Countertrend Setup Apr 13, 2016
USDCAD has been trending lower, moving inside a descending channel pattern on its 4-hour time frame. Price is now making its way close to the channel support near the 1.2700-1.2750 and might be due for a bounce.
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