Last friday, the currency pair USD/CAD got out of its range 0.9912/0.9953 (blue lines in h1) from the bottom, giving us a new sell signal. The exit was made on a strong bearish movement. Then, a pullback occured on the lower band of the former range but the price has opened the week on a big bearish gap. This has allowed the breakout of the major support at 0.9890.
Dec 10 | Forextribe
MIAPJ0000PUS rose 0.5 percent, and was set for its third-straight weekly gain with a 1.3 percent advance. The index has gained about 17 percent year-to-date, compared to a loss of nearly 18 percent last year.HSI reached a 16-month peak and have climbed some 21 percent so far this year despite facing bouts of pressure from sputtering mainland Chinese markets.SSEC jumped 1.2 percent.
By Shayne Heffernan Ph.D. | Dec 07, 2012 | LiveTradingNews
Short-term consolidation: The USD/CAD has been consolidating since later part of November as seen in the 4H chart. Roughly, the resistance is at 0.9960 and support was around 0.99, albeit a push below that briefly. There hasn't been any directional push, but today's employment reports might give the market fuel at least in the short-term.
By Fan Yang | Dec 07, 2012 | FX Times
Since the beginning of last week, the currency pair USD/CAD has failed to pursuit its bearish movement after the exit of th medium term bullish channel (purple lines). An accumulation zone took place between 0.9953 and 0.9912. This last level is currently tested.
Dec 05, 2012 | Forextribe
Channel, trendlines support: USD/CAD is in a very short-term bearish channel since finding resistance around 1.0050 in mid-November. This is part of sideways action since mid-October that followed a bull run. There has not been any clear technical clues on what direction this market is going for. However, USD/CAD is trading near a key trendline support that goes back to the 0.
By Fan Yang | Nov 26, 2012 | FX Times
The lower band of the medium term bullish channel (purple lines) has been finaly broken on friday night, leading to the breakout of the support at 0.9934. So, a sell signal has been given. The price continues to move below its short term bearish slant (black line).
Nov 26, 2012 | Forextribe
Falling Channel: The USD/CAD has been trading in a declining channel since hitting a resistance at 1.0018.
By Fan Yang | Nov 08, 2012 | FX Times
The pair USD/CAD has failed to get over the psychological level at 1.0 and that led to bearish reversal.
Nov 07, 2012 | Forextribe
Consolidation: The reaction to a relatively dovish BoC noted in the previous update, did not extend and the USD/CAD consolidated instead, as you can see in the 4H chart.
By Fan Yang | Oct 26, 2012 | FX Times
The greenback established a new eight-week high against the loonie on the twenty-fifth anniversary of the Black Monday global stock market crash.
Oct 22, 2012 | FX Bootcamp
Failed Bearish Break: The USD/CAD had some whiplash action this week. After pushing to 0.9880 to start the week on the bank of dovish statements from BoC gov, Mark Carney, the USD/CAD fell sharply.
By Fan Yang | Oct 19, 2012 | FX Times
Dovish Statement weakens CAD: BoC Governor Mark Carney spoke yesterday, with an apparent dovish tone regarding monetary policy, saying the BoC will be highly accomodative, and hinting that the benchmark interest rate will stay at 1.
By Fan Yang | Oct 16, 2012 | FX Times