Posts Tagged by usd/cad analysis

Forex Breakouts, False or Legit? – EURUSD, USDCHF and USDCAD

As I look at my charts this mornings I notice several support/resistance levels broken. The EURUSD and USDCHF broke out this morning–with one of those breakouts appearing false and the other legit. The USDCAD also broke out several days ago but reversed shortly afterwords. Therefore, here are my thoughts along with what I am doing…

Forex Updates: AUDUSD, GBPUSD, USDCAD

Here are forex updates on the AUDUSD, GBPUSD and USDCAD. These forex updates serve to supplement the analysis provided in the “complete forex analyses” usually published every couple weeks. AUDUSD Update: The most recent complete analysis is here: AUDUSD Analysis: Significant Trade Developments. The pair recently put in a higher swing low on April 24.…

Forex Update: AUDUSD, EURUSD, GBPUSD, USDCAD, USDCHF

Forex Update: AUDUSD, EURUSD, GBPUSD, USDCAD, USDCHF AUDUSD Update: The AUDUSD moved slightly lower than anticipated, but held well above the 1.02 stop area (at least so far). A rise back above 1.0360 signals a potential end to the decline and a move above 1.0465 means it is highly probable that higher rates will be seen before…

USDCAD Analysis – Range Bound, Watch These Breakout Levels – April 5

If you have a questions about the analysis see the How to Use the Analysis post. If that does not answer your question, then please leave a question or comment at the end of the analysis. USDCAD Analysis – April 5, 2012 Cory Mitchell, CMT Recent Events: The USDCAD continues to move predominately sideways within a band of support and…

USDCAD Analysis – March 17, 2012

USDCAD Analysis – March 17, 2012 Cory Mitchell, CMT NOTE: Very little has changed in this pair since last week. The outlook remains identical and therefore, only slight inconsequential updates have been made to this analysis. Recent Events: The pair continues to move within the downward sloping trend channel, but recently the pair has been unable…

Quick Forex Update: GBPUSD, EURUSD, USDJPY, USDCHF, AUDUSD, USDCAD

Not much has changed since the most recent analyses were posted on the GBPUSD, EURUSD, USDJPY, USDCHF, AUDUSD, USDCAD GBPUSD No trades were highly recommended as the pair has been trading within range. The pair continues to trade inside that range after a false breakout lower Monday. That false breakout was a listed as a potential…

USDCAD Analysis – Trend channel holding – March 12, 2012

USDCAD Analysis – Trend channel holding –  March 12, 2012 Cory Mitchell, CMT Recent Events: The pair continues to move within the downward sloping trend channel, but recently the pair has been unable to reach the lower band. The USDCAD also recently touched the upper band. Combined this indicates some potential strength forthcoming, but there are numerous…

Forex Seasonality – USDCAD Seasonal Patterns

By Cory Mitchell, CMT Normally we look at charts in chronological order, minute after minute , week after week and month after month. The typical chart chronicles the price path of a currency pair over the months and years and provides a lot of information technicians can use. Yet, there is another way to view currency charts, and that…

USD/CAD continues to hammer higher

The USD/CAD broke higher Monday, out of an upward sloping channel which has contained the price between 1.03009 and 1.00543 since November 2. The breakout had conviction behind it, with the pair currently trading very close to 1.05 on Wednesday. The move is not exaggerated based on recent volatility though. Intra-day the pair currently trades…

USD/CAD puts in a bottom

Looks like the USD/CAD is once again reversing course.  Check out my outlook here: http://www.benzinga.com/trading-ideas/long-ideas/11/11/2084121/usdcad-puts-in-a-bottom Cory Mitchell, CMT  

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