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Analysis Of The Usd/cad PairTitle:
Dukascopy Afternoon Forex Overview : 22/05/2012
Fundamental Analysis
EUR
Gold extended previous gains in Asian session on Tuesday as concerns over Greek exit from the single currency union eased. At G8 summit leaders of eighth largest economies stated that they would do everything possible to retain Greece in the Euro Zone. COMEX gold June contract traded at 1,592.35 US Dollars per troy ounce on the New York Mercantile Exchange, advancing by 0.23%.
USD
The US Senate has passed a bill aimed at tightening sanctions imposed on Iran to force the country to cease its nuclear program. The new sanctions imply investigation of role of Iran's Revolutionary Guard in oil exports as well as obliging the US companies to disclose any business activities with Iranian partners. The move came ahead of negotiations between Iran and six major ...
Title:
Technical analysis of the USD/CAD pair on May 22th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD failed to break the resistance at 1.0230 and is currently moving towards a pullback on 1.0150.
Indicators are globaly bullish.
The pair got back into its bullish channel (black lines).
We continue to advise long positions as far as 1.01 is support.
The breakout of 1.0230 will give a new buy signal and will open the way towards 1.03.
In case of return below 1.01, we will be neutral between this level and 1.0050.
The breakout of 1.0050 will give a sell signal.
See the previous analysis of the USD/CAD pair of May 21th, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/CAD pair on May 21th, 2012
Commentary of the USD/CAD pair :
1.0230 acted as resistance last friday on the pair USD/CAD.
The pair is moving just below this level and is taking support on the upper band of its bullish channel (black lines).
All indicators are bullish.
We continue to advise long positions as far as 1.01 is support.
The breakout of 1.0230 will give a new buy signal and will open the way towards 1.03.
In case of return below 1.01, we will be neutral between this level and 1.0050.
The breakout of 1.0050 will give a sell signal.
See the previous analysis of the USD/CAD pair of May 18th, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/CAD pair on May 18th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD has continued its bullish movement and the breakout of 1.0150 and 1.02 both gave us a new buy signal.
The pair got out of its bullish channel from the top (black lines).
All indicators are bullish.
We continue to advise long positions as far as 1.01 is support.
The breakout of 1.0250 will give a new buy signal and will open the way towards 1.03.
In case of return below 1.01, we will be neutral between this level and 1.0050.
The breakout of 1.0050 will give a sell signal.
See the previous analysis of the USD/CAD pair of May 17th, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/CAD pair on May 17th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD has continued its bullish movement and the breakout of 1.01 gave us a new buy signal.
All indicators are bullish.
The pair is still moving into a bullish channel (black lines).
We continue to advise long positions as far as 1.0 is support.
The breakout of 1.0150 will give a new buy signal and will open the way towards 1.02.
In case of return below 1.0, a sell signal will be given.
See the previous analysis of the USD/CAD pair of May 16th, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/CAD pair on May 16th, 2012
Commentary of the USD/CAD pair :
The pair took support again on 0.9887 yesterday and then the pair USD/CAD finaly broke the resistance at 1.0050, giving us a new buy signal.
The pair is currently testing the next resistance at 1.01.
All indicators are bullish.
The pair seems to move into a bullish channel (black lines).
We continue to advise long positions as far as 1.0 is support.
The breakout of 1.01 will give a new buy signal and will open the way towards 1.0150.
In case of return below 1.0, we will be neutral between this level and 0.9950.
The breakout of 0.9950 will give a sell signal.
See the previous analysis of the USD/CAD pair of May 15th, 2012
USD/CAD Analysis
Title:
Dukascopy Afternoon Forex Overview : 05/15/2012
Dukascopy Fundamental Analysis
EUR
Investors battered European stocks, dumped the bonds of Spain and Italy, and bid the euro down against the dollar Monday after the collapse of weekend coalition talks in Greece edged that country closer to an exit from the euro zone.
USD
Retail sales in the U.S. rose in April at the slowest pace of the year, showing unseasonably mild weather and pre-Easter shopping may have pulled consumers to stores the prior month.
GBP
Governor Mervyn King looks set to leave the door open to more support for the struggling economy when he presents the Bank of England's new economic outlook on Wednesday, which is likely to show a tricky mix of lower growth and higher inflation ahead.
CHF
Swiss stocks lost ground on Monday on concern Greece will exit the Eurozone.
...
Title:
Technical analysis of the USD/CAD pair on May 15th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD made a triple top on the resistance at 1.0050 and is currently moving the support at 0.9887.
Indicators stay globaly bullish.
We continue to advise long positions as far as 0.9965 is support.
The breakout of 1.0050 will give a new buy signal and will open the way towards 1.01.
In case of return below 0.9965, we will be neutral between this level and 0.9931.
The breakout of 0.9931 will give a sell signal.
See the previous analysis of the USD/CAD pair of May 14th, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/CAD pair on May 14th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD made a double top on the resistance at 1.0050 and is currently testing the support at 0.9887.
Indicators stay globaly bullish.
We continue to advise long positions as far as 0.9965 is support.
The breakout of 1.0050 will give a new buy signal and will open the way towards 1.01.
In case of return below 0.9965, we will be neutral between this level and 0.9931.
The breakout of 0.9931 will give a sell signal.
See the previous analysis of the USD/CAD pair of May 11th, 2012
USD/CAD Analysis
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