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USD CAD

USD/CAD - US Dollar Canadian Dollar, European Session - 03/03/08

03 3rd, 2008

0,9854. USD CAD is in a range between 0,9715 and 0,9860. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should continue to move in Bollinger bands. We won’t take a position. The risk/reward ratio is too high to take a position..
Resistances
0,9860 - 0,9900
Supports
0,9825 -0,9785

Source : USD CAD

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USD/CAD - US Dollar Canadian Dollar, European Session - 29/02/08

02 29th, 2008

0,9796. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should continue to move in 0,9715 / 0,9820 range. If the support is broken then the target will be 0,9450.
Resistances
0,9800 - 0,9820
Supports
0,9750 - 0,9715

Source : USD CAD

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USD/CAD - US Dollar Canadian Dollar, Asian Session - 28/02/08

02 28th, 2008

0,9751. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue on 0,9450 (300 pips) support.
Resistances
0,9775 - 0,9800
Supports
0,9710 - 0,9680

Source : USD CAD

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USD/CAD - US Dollar Canadian Dollar, American Session - 28/02/08

02 28th, 2008

0,9787. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum. The target is expected at 0,9450.
Resistances
0,9800 - 0,9835
Supports
0,9760 - 0,9730

Source : USD CAD

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USD/CAD - US Dollar Canadian Dollar, European Session - 28/02/08

02 28th, 2008

0,9803. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 0,9760. The consolidation should continue. If the support is broken then the target will be 0,9450.
Resistances
0,9835 - 0,9870
Supports
0,9760 - 0,9700

Source : USD CAD

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USD/CAD - US Dollar Canadian Dollar, Asian Session - 27/02/08

02 27th, 2008

0,9806. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum. The target is expected at 0,9450.
Resistances
0,9835 - 0,9870
Supports
0,9760 - 0,9700

Source : USD CAD

Published in USD CAD | No Comments »

USD/CAD - US Dollar Canadian Dollar, American Session - 27/02/08

02 27th, 2008

0,9800. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum. The target is expected at 0,9450 (350 pips). The price should find a support above 0,9750.
Resistances
0,9835 - 0,9870
Supports
0,9760 - 0,9700

Source : USD CAD

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USD/CAD - US Dollar Canadian Dollar, European Session - 27/02/08

02 27th, 2008

0,9802. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum. The target is expected at 0,9450 (350 pips).
Resistances
0,9835 - 0,9870
Supports
0,9780 - 0,9740

Source : USD CAD

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USD/CAD - US Dollar Canadian Dollar, Asian Session - 26/02/08

02 26th, 2008

0,9812. USD CAD broke 0,9940 support. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum. The target is expected at 0,9450. The price should find a support above 0,9750.
Resistances
0,9835 - 0,9900
Supports
0,9780 - 0,9750

Source : USD CAD

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USD/CAD: target 300 pips

02 26th, 2008

An important support broke on USD/CAD, I follow this parity since yesterday. Target: min 300 pips.

Published in Technical Analysis, Top stories, USD CAD | No Comments »

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