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Recent Posts
- Trade Idea Wrap-up: USD/CHF – Buy at 0.8970
- Weekly Review and Outlook: Risk Recovery Short Lived, Dollar to Extend Rally in a Busy Week ahead
- Trade Idea: EUR/JPY – Sell at 104.50
- EUR/USD Short Term Bear Flag?
- Liquidity Crisis? A Currency Perspective
- GBP/USD Candlesticks and Ichimoku Analysis
- Euro Area: Debt Crisis Set to Continue for Years
- GBP/USD Medium Term Downchannel and the QE Debate
- Trade Idea: USD/CHF – Buy at 0.8710
- Trade Idea: USD/CHF – Buy at 0.8440
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USD/CAD Archive
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USD/CAD: Stalking Sideways Action
Posted on July 5, 2010 | No CommentsThe 4H chart shows the market in a possible topping pattern near 1.0680. The USD/CAD has been in an uptrend and a channel, and there is a possibility of another bearish attempt towards the 1.08 area. With that said, if them arket breaks above the... -
Trade Idea: USD/CAD – Buy at 1.0465
Posted on July 3, 2010 | No CommentsAlthough the greenback has rebounded, above indicated resistance at 1.0680 (b leg top) is needed to retain bullishness and signal upmove has resumed in wave (iii) and bring further gain to 1.0750, then retest of wave (i) top at 1.0854, otherwise, further consolidation would be... -
USD/CAD: Gartley Completed at 1.0650
Posted on July 1, 2010 | No CommentsThe daily chart shows that the USD/CAD has completed the Gartley mentioned in the video post (USD/CAD is the last pair discussed). The rall from 1.0135 area all the way to 1.0670 completes an AB=CD retracemnt pattern (another way to describe the Gartley). There is... -
USD/CAD to Complete Gartley at 1.0650
Posted on June 29, 2010 | No CommentsThe Canadian Dollar has been very weak. Looking at the daily chart, we see the market supported at 1.0138, 78.6% retracement of the rally from below parity. There was a positive reversal setup, and the RSI stayed above 40. These are bullish signals. Reversal signals... -
Trade Idea: USD/CAD – Buy at 1.0320
Posted on June 23, 2010 | No CommentsCurrent rally suggests the c leg as well as wave (ii) has ended at 1.0138 and upside bias remains for further rise to 1.0520/30 and then towards 1.0580 (61.8% Fibonacci retracement of 1.0854 to 1.0138). View full post on Forex Trading Ideas -
USD/CAD At Channel Resistance After Poor Data
Posted on June 23, 2010 | No CommentsThe Daily chart shows the USD/CAD pair in a positive reversal, suggesting an upswing towards 1.0860 again. The market was very strong at rejecting the recent decline from going below the 78.6% retracement level. Today’s sharp rally has some fundamental spark, and shot up from... -
USDCAD – Risk Turning To The 1.0332 Level
Posted on June 23, 2010 | No CommentsWith the pair putting in a bottom at 1.0137 and preparing to head further higher after turning off higher ahead of its Jun 13′10 low at 1.0108 on Monday, threats are now seen towards the 1.0332 level, its Jun 03′10 high. USDACD has been declining... -
Trade Idea: USD/CAD – Buy at 1.0120
Posted on June 22, 2010 | No CommentsAlthough the greenback has rebounded after falling to 1.0138, above 1.0338 resistance is needed to signal low has been formed there and bring stronger rebound towards 1.0390/00, however, it is necessary to see a rise above 1.0510/20 to confirm low as c leg of wave... -
Daily Forex Update: USD/CAD
Posted on June 21, 2010 | No CommentsThe 60-minute chart of the USD/CAD has sold off through uptrend line support at 1.0266 (E). This breakdown of the intraday Pennant Completed Pattern alert shows the Canadian Dollar strengthening against the flat U.S. Dollar, which continues the weakness seen in the USD/CAD pair throughout...