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Analysis Of The Usd/cad ParityTitle:
Technical analysis of the USD/CAD parity on July 22th, 2010
Commentary of the USD/CAD parity :
A correction occured on the parity and 1.0441 is back as support. This level is our key level. Above it, we advise to trade only long positions. The breakout of 1.05 will give a new buy signal. However, below this level, we advise to trade only short positions. The breakout of 1.0382 will give a new sell signal.
See the previous analysis of the USD/CAD parity of July 21th, 2010
Title:
Technical analysis of the USD/CAD parity on July 21th, 2010
Commentary of the USD/CAD parity :
A strong bearish movement occured, following an increase of Candian rates. We were neutral between 1.0441 and 1.05. The breakout of 1.0441 gave us a sell signal. Currently, the parity is testing the support at 1.0382. The breakout of this level will give a new sell signal. We maintain to trade only short positions as far as 1.0441 is resistance.
See the previous analysis of the USD/CAD parity of July 20th, 2010
Title:
Technical analysis of the USD/CAD parity on July 20th, 2010
Commentary of the USD/CAD parity :
The parity is currenlty making a correction. However, we maintain to trade only long positions as far as 1.05 is support. The break out of 1.0566 will give a new buy signal. If 1.05 is broken, we will stay neutral between this level and 1.0441.
See the previous analysis of the USD/CAD parity of July 19th, 2010
Title:
Technical analysis of the USD/CAD parity on July 19th, 2010
Commentary of the USD/CAD parity :
The parity continued its bullish movement towards the resistance at 1.0566. The break out of this level will give a new buy signal. We maintain to trade only long positions as far as 1.05 is support. If this level is broken, we will stay neutral between 1.0441 and 1.05.
See the previous analysis of the USD/CAD parity of July 15th, 2010
Title:
Technical analysis of the USD/CAD parity on July 15th, 2010
Commentary of the USD/CAD parity :
The parity got out of its bearish channel and seems now to move into a range between 1.03 and 1.0380. We maintain to trade only short positions as far as 1.0380 is resistance. The breakout of 1.03 will give a new sell signal. However, if 1.0380 is broken, a buy signal will be given.
See the previous analysis of the USD/CAD parity of July 14th, 2010
Title:
Technical analysis of the USD/CAD parity on July 14th, 2010
Commentary of the USD/CAD parity :
The parity took up its bearish movement and 1.0340 is back as resistance. The parity seems to move into a bearish channel. The next support is at 1.0226. The break out of this level will give a new sell signal. We maintain to trade only short positions as far as 1.0380 is resistance. If this level is broken, a buy signal will be given.
See the previous analysis of the USD/CAD parity of July 13th, 2010
Title:
Technical analysis of the USD/CAD parity on July 13th, 2010
Commentary of the USD/CAD parity :
The parity is currently making a correction and 1.0340 is back as support. However, we maintain to trade only short positions as far as 1.04 is resistance. The next resistance is at 1.0226. If 1.04 is broken, we will stay neutral. Only a break out of 1.0450 will allow us to trade long positions.
See the previous analysis of the USD/CAD parity of July 12th, 2010
Title:
Technical analysis of the USD/CAD parity on July 12th, 2010
Commentary of the USD/CAD parity :
The parity continues its bearish movement and the break out of 1.0441 gave us a new sell signal. A new sell signal has just been given by the break out of the next support at 1.0340. We maintain to trade only short positions as far as 1.04 is resistance. The next support is at 1.0226. If 1.04 is broken, we will stay neutral. Only a break out of 1.0450 will allow us to trade long positions.
See the previous analysis of the USD/CAD parity of July 9th, 2010
Title:
Technical analysis of the USD/CAD parity on July 9th, 2010
Commentary of the USD/CAD parity :
The parity is currently moving on its support at 1.0441. The break out of this level will give a new sell signal. The next support is at 1.0340. We maintain to trade only short positions as far as 1.05 is resistance. If this level is broken, we will stay neutral.
See the previous analysis of the USD/CAD parity of July 8th, 2010
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