USD/CAD Extends Rebound Following Bullish Outside Day Price Formation
USD/CAD extends the rebound from the monthly low (1.3099) after carving a bullish outside day (engulfing) candle formation earlier this week.
Read More »USD/CAD Bullish Outside Day Price Formation Indicates Larger Rebound
USD/CAD may trade within a more defined range as the bullish outside day (engulfing) candle formation points to a larger rebound in the exchange rate.
Read More »USD/CAD Rate Vulnerable Following Failed Attempt to Test August High
Recent developments in the Relative Strength Index (RSI) cast a bearish outlook for USD/CAD as the indicator snaps the upward trend established in September.
Read More »CAD/JPY was the biggest FX mover this week
NZD was also strong The yen was the top performer this week while the kiwi lagged. On its face, that fits in nicely with the ‘risk off’ theme but the…
Read More »USD/CAD Rate Rebound Brings March/June Low on Radar
USD/CAD appears to be on track to test the March/June low (1.3315) for resistance as it breaks out of the range bound price action following Canada’s Employment report.
Read More »USD/CAD Rate Eyes January Low as RSI Flirts with Oversold Territory
USD/CAD appears to be on track to test the January low (1.2957) as the Relative Strength Index (RSI) flirts with oversold territory.
Read More »USD/CAD Rate Rebound Undermined by Crowding Behavior in US Dollar
Current market conditions may keep USD/CAD under pressure as the crowding behavior in the US Dollar persists.
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The Secrets to Successful Trading on the FOREX Market
For all those who are not exactly experts when it comes to forex market trading, the first thing to understand is that it is not the same thing as stock…
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