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Analysis Of The Usd/cad Parity

Title: Technical analysis of the USD/CAD parity on July 8th, 2010
Commentary of the USD/CAD parity : The parity made a pullback on 1.06 and then the bearish movement took up. Currently, the parity is testing the support at 1.0441. The break out of this level will give a new sell signal. We maintain to trade only short positions as far as 1.0534 is resistance. A correction is possible before a new bearish movement. See the previous analysis of the USD/CAD parity of July 7th, 2010

Title: Technical analysis of the USD/CAD parity on July 7th, 2010
Commentary of the USD/CAD parity : The parity got out of its range. The break out of 1.0567 gave us a sell signal. The parity is currently testing a pullback on this level. We now advise to trade only short positions as far as 1.0624 is resistance. If this level is broken, we will stay neutral between 1.0567 and 1.0672. See the previous analysis of the USD/CAD parity of July 6th, 2010

Title: Technical analysis of the USD/CAD parity on July 6th, 2010
Commentary of the USD/CAD parity : The parity is still moving between 1.0567 and 1.0672. We maintain to trade only long positions as far as 1.0567 is support. The break out of 1.0672 will give a new buy signal. However, if 1.0567 is broken, a sell signal will be given. See the previous analysis of the USD/CAD parity of July 5th, 2010

Title: Technical analysis of the USD/CAD parity on July 5th, 2010
Commentary of the USD/CAD parity : The parity is still moving between 1.0567 and 1.0672. We maintain to trade only long positions as far as 1.0567 is support. The break out of 1.0672 will give a new buy signal. However, if 1.0567 is broken, a sell signal will be given. See the previous analysis of the USD/CAD parity of July 2nd, 2010

Title: Technical analysis of the USD/CAD parity on July 2nd, 2010
Commentary of the USD/CAD parity : As forecast, a pullback occured on 1.0567. We maintain to trade only long positions as far as this level is resistance. The break out of 1.0672 will give a new buy signal. Howevern if 1.0567 is broken, a sell signal will be given. See the previous analysis of the USD/CAD parity of July 1st, 2010

Title: Technical analysis of the USD/CAD parity on July 1st, 2010
Commentary of the USD/CAD parity : The parity continues its bullish movement. The break out of 1.0567 gave us a new buy signal. Currently, the parity is testing the resistance at 1.0672. The break out of this level will give a new buy signal. However, a pullback on 1.0567 is possible before a take up of the bullish movement. We maintain to trade only long positions as far as 1.0567 is support. See the previous analysis of the USD/CAD parity of June 30th, 2010

Title: Technical analysis of the USD/CAD parity on June 30th, 2010
Commentary of the USD/CAD parity : The break out of 1.0421 gave us a new buy signal. Then, the next resistance at 1.0567 has been reached. The break out of this level will give a new buy signal. We maintain to trade only long positions as far as 1.0442 is support. See the previous analysis of the USD/CAD parity of June 29th, 2010

Title: Technical analysis of the USD/CAD parity on June 29th, 2010
Commentary of the USD/CAD parity : The support at 1.0340 allowed a rebound of the parity. So we maintain to trade only long positions as far as this level is support. The break out of 1.0421 will give a new buy signal. However, if 1.0340 is broken, a sell signal will be given. 1.0340 is our key level. See the previous analysis of the USD/CAD parity of June 28th, 2010

Title: Technical analysis of the USD/CAD parity on June 28th, 2010
Commentary of the USD/CAD parity : The parity is currently testing a pullback on 1.0340. As far as this level is support, we maintain to trade only long positions. The break out of 1.0421 will give a new buy signal. However, if 1.0340 is broken, a sell signal will be given. So 1.0340 is our key level. See the previous analysis of the USD/CAD parity of June 25th, 2010

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FOREX stands for Foreign Exchange - which means currency market. The Forex market is where currencies are sold, bought, in the form of parity. On the Forex market, all currencies are traded in real time, 24h/24h, 7J/7J. The Forex is open since few years to individuals, single investors wishing to diversify their investments or pure speculators. The access to foreign exchange market for individuals is offered through Forex Brokers.
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