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Previous Analysis Of The Usd/cadTitle:
Technical analysis of the USD/CAD pair on May 25th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD made yesterday a pullback on the support at 1.0230 and is currently testing the resistance at 1.03.
All indicators are bullish.
The pair is currently moving on the upper band of its bullish channel (black lines).
We continue to advise long positions as far as 1.0150 is support.
The breakout of 1.03 will give a new buy signal and will open the way towards 1.0350.
In case of return below 1.0150, we will be neutral between this level and 1.01.
The breakout of 1.01 will give a sell signal.
See the previous analysis of the USD/CAD pair of May 24th, 2012
USD/CAD Analysis
Title:
Dukascopy Afternoon Forex Overview : 24/05/2012
Fundamental Analysis
EUR
European stocks returned to growth, despite services and manufacturing purchasing managers indices across Europe and German business confidence shrank more than expected. The Stoxx Europe 600 Index added 1.0 percent to 241.81. Cable & Wireless Communications Plc soared 19 percent. Sonova Holding AG gained 2.5 percent. Bayer AG declined 1.1 percent. U.S. futures and Asian stock little changed. S&P 500 futures gained 0.3 percent, MSCI Asia Pacific index added 0.1 percent.
USD
The US Dollar followed bullish trend on Thursday as Germany disapproves issuance of Eurobonds that may help to ease Greek debt burden. Traders are also cautions ahead of Euro Zone's manufacturing data release due later today. The US Dollar index, which tracks the greenback's performance ...
Title:
USD/CAD Daily technical analysis - May 2012
The pair USD/CAD has broken its bearish slant (black line) and then made a bullish rallye during May. Currently, the pair is testing the resistance at 1.0240. The trend is neutral between this level and 1.01.
In case of breakout of 1.0240, the trend will be bullish. The breakout of 1.0362 (level 23.60%) will give a new buy signal and open the way towards 1.0533.
However, if 1.01 is broken, this will indicate the return of the bearish trend. The breakout of 0.9811 will give a new sell signal and open the way towards 0.9680.
Previous USD/CAD Daily Analysis - April 2012
Title:
Technical analysis of the USD/CAD pair on May 24th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD has continued yesterday its bullish movement and the breakout of 1.0230 gave us a new buy signal.
All indicators are bullish.
The pair is currently moving above the upper band of its bullish channel (black lines).
We continue to advise long positions as far as 1.0150 is support.
The breakout of 1.03 will give a new buy signal and will open the way towards 1.0350.
In case of return below 1.0150, we will be neutral between this level and 1.01.
The breakout of 1.01 will give a sell signal.
See the previous analysis of the USD/CAD pair of May 23th, 2012
USD/CAD Analysis
Title:
Dukascopy Afternoon Forex Overview : 23/05/2012
Fundamental Analysis
EUR
German bunds rose on worries that European leaders will struggle to resolve the euro zone debt crisis during tonight's European summit. David Schnautz of Commerzbank AG in London thinks that Europe is unlikely to solve key topics and will probably disappoint the market. The 5-year bund lost 5 bp to 0.47 percent at 10:49 GMT after tumbling to 0.461 percent, the lowest since 1990, when Bloomberg began gathering data.
USD
Crude oil futures declined in Asian session on Wednesday as Iran is ready to invite nuclear inspectors, the move that may ease oil import sanctions. Light, sweet crude oil futures for July delivery traded at 91.27 US Dollars per barrel, retreating by 0.63% from the last session's high of 91.72 US Dollars per barrel.
GBP
Today the minutes of the ...
Title:
Technical analysis of the USD/CAD pair on May 23th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD made yesterday a pullback on the support at 1.0150 and then took up its bullish movement to test again the resistance at 1.0230.
All indicators are bullish.
The pair is currently testing the upper band of 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 22th, 2012
USD/CAD Analysis
Title:
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
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