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 »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 »Slow start for Asia following the US holiday on Monday
Little change for major forex rates headling into Aisa trade. As I post is just after 9.30am in Tokyiu, and 8.30 in Singapore and Hong Kong. The USD is up…
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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