Touching the pair is currently close to resistance levels of 0.9865, and this is accompanied by the approach of the stochastic overbought.
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Touching the pair is currently close to resistance levels of 0.9865, and this is accompanied by the approach of the stochastic overbought.
the chart is showing that the pair has succeeded in closing it's daily candle above level 0.9900 , and that's mean the up trend is still standing and the pair might head to 0.9930 and then 0.9950
No influence on this pair from news until later today during US sessions. For now this pair looks somewhat flat. Not much momentum until more North American traders play
The USD/CAD pair rose on Thursday as the oil markets sold off in a violent manner. The weak Philly Fed numbers out of the US only stoked the fires that were burning after a massive sell off in European equity markets
The pair is still in a downtrend technically, and is far from changing that. However, the oil markets seem to be the most important indicator that you can use in order to determine the likely move in this pair.
as we can see from the chart has success in breaking the level of 0.9900 and now the pair is trading under it , that's mean the down trend is standing and the pair might head to 0.9830 then 0.9800
the pair and as we can see from the chart has closed it's daily candle under the level of 0.9900 , so , that's mean the down trend is still standing and the pair is heading to 0.9870 then 0.9830
usdcad for next week have to be under beraish pressure in general.
In the start of next week smo more bullish pressure is possible but on most
important charts for next week(s) it seems like pair have to be near top and it is much more
room to the donside than to the upside. Because messy indicators calm market movings are very
possible with many upside and downside choppy swings.
USD/CAD's rally attempt from 0.9774 last week failed at 0.9938 and retreated sharply again. The development argues that the consolidation pattern from 1.0009 is possibly still in progress and initial bias is neutral this week.
the medium term fall from 1.3063 is so far looking corrective. Hence, we're slightly favoring the case that price actions from 0.9056 are developing into a long term corrective pattern.