Posts Tagged by usd/cad analysis
USD/CAD continues to hammer higher
| November 23, 2011 | Posted by admin under Forex Technicals |
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
| November 1, 2011 | Posted by admin under Forex Technicals |
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
USD/CAD bounces of support
| October 14, 2011 | Posted by admin under Day Trading Ideas, Forex Technicals, Swing Trading Ideas |
After an aggresive decline in the CAD, it saw strength recently as the USD gave back ground. The pair has been far more volatile after making a decisive break above parity. Primary support at 1.150 is holding. After the intial breakout this was the pullback point. The USD then rallied aggresively and the pullback has…
Triangle forming in USD/CAD
| August 23, 2011 | Posted by admin under Forex Technicals, Swing Trading Ideas |
A triangle chart pattern is forming in the USD/CAD. The triangle has a height of 250 pips. This provides a target of the breakout price +/- 250 pips. Based on approximate breakout levels this puts targets at 1.0150 if the breakout occurs to the upside, or 0.9550 if the break occurs to the downside. More…
USD/CAD outlook-mixed signals
| June 14, 2011 | Posted by admin under Day Trading Ideas, Forex Technicals, Swing Trading Ideas |
Tuesday so far has seen a pullback in the USD/CAD. This pullback has broken the short-term upward trendline and moved the pair back into a range which began in mid-late may. At this point in time the longer-term downtrend has been broken, and the short term uptrend has been broken – thus creating an environment…
EUR/USD 1.39 Target, USD/CAD Verging on Shift
| May 22, 2011 | Posted by admin under Day Trading Ideas, Forex Technicals, Swing Trading Ideas |
The Euro has a rough day on Friday, falling about 150 pips. In the last update on this pair (http://vantagepointtrading.com/archives/4258) 1.3900 was still the target following the major breach of the upward sloping trendline. If 1.3900 fails to support (in the event the market reaches that point) the pair could see an extension into the…
USD/CAD hits likely turning point after strong week
| May 9, 2011 | Posted by admin under Day Trading Ideas, Forex Technicals, Swing Trading Ideas |
Last week was not something we have seen early March – and that is 4 sessions higher for the USD vs. CAD in a row. It was a welcomed move for Canadian exporters, and is likely to be met with equally exuberant selling. While the week took us from nearly 0.9450 to above 0.9700 (closing…
USD/CAD – Awaiting FOMC announcement
| April 27, 2011 | Posted by admin under Day Trading Ideas, Forex Technicals, Swing Trading Ideas |
The overall trend remains down for the USD vs. the CAD as the rate hovers in the 0.9500 region. It has been quiet since Thursday evening with the rate staying within a relatively tight band ahead of the FOMC announcement tomorrow out of the US. After last weeks dip to 0.9450 the rate has bounced…
Upcoming Week for the USD/CAD – March 27 2011
| March 27, 2011 | Posted by admin under Day Trading Ideas, Forex Technicals, Swing Trading Ideas |
Upcoming Week for the USD/CAD – March 27 2011 Places to put limit orders this week Buying USD: 0.9800, 0.9780, 0.9750 (aggressive), 0.9720 (aggressive) Selling USD: 0.9815, 0.9830-40, 0.9910, 0.9940 (aggressive) Why: The tabling and vote of non-confidence by the opposition in the Canadian government spurred a late day rally on Friday, erasing losses from…
USD/CAD Outlook and Target Areas: 23 March 2011
| March 23, 2011 | Posted by admin under Day Trading Ideas, Forex Technicals, Swing Trading Ideas |
USD/CAD Outlook and Target Areas: 23 March 2011 Places to put Limit orders on Wednesday Buying USD: 0.9800, 0.9780, 0.9760, 0.9730 (aggressive) Selling USD: 0.9820, 0.9850, 0.9870, 0.9890 (aggressive) Why: After a strong surge from the March 9 low at 0.9666 to a March 15 high at 0.9975, the USD retreated giving back 75% of…
USD/CAD Analysis: Where is it Heading? – Daily Chart
In my last post on the longer term view of this pair, I mentioned that how the pair reacted at 1.0800 would be critical in its longer term movements (this analysis was contributed to ForexPros.com and can be seen under my submitted analysis – My analysis of the eur/usd and usd/jpy can be viewed daily,…