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Previous Analysis Of The Usd/cadTitle:
Technical analysis of the USD/CAD pair on January 19th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD has continued its bearish movement and got back below the support at 1.0142.
The pair is still moving below its medium term bearish slant (black line).
All indicators are bearish.
We continue to advise short positions as far as 1.02 is resistance.
The breakout of 1.0080 and 1.00 will both give a new sell signal.
In case of return above 1.02, we will be neutral between this level and 1.0250.
The breakout of 1.0250 will give a buy signal.
See the previous analysis of the USD/CAD pair of January 18th, 2012
USD/CAD Analysis
Title:
Dukascopy Afternoon Forex Overview : 18/01/2012
Dukascopy Fundamental Analysis
EUR
Germany's economic sentiment increased essentially more than expected this month, hitting the highest level over the last half a year. ZEW index added 32.2 points to minus 21.6 this month as compared to minus 53.8 in the preceding month, reported the ZEW Centre for Economic Research. Analysts projected the index to gain 4.6 points to minus 49.2 in January.
USD
Goldman Sachs reported a profit drop of 58% today, and the fall in revenues was followed by a deep cut in employee compensation. Q4 net income slid to USD 1.01B, or $1.84 per share. The employee compensation was reduced by 21%, and the international growth was boosted in order to gain more revenues for trading.
GBP
UK unemployment increased by 118 000 during three months until November, Office for ...
Title:
Technical analysis of the USD/CAD pair on January 18th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD has broken yesterday the support at 1.0142, giving us a new sell signal.
Currently, the pair is moving on this level and below its former short term bullish slant (purple line)
All indicators are bearish.
We continue to advise short positions as far as 1.02 is resistance.
The breakout of 1.0080 and 1.00 will both give a new sell signal.
In case of return above 1.02, we will be neutral between this level and 1.0250.
The breakout of 1.0250 will give a buy signal.
See the previous analysis of the USD/CAD pair of January 17th, 2012
USD/CAD Analysis
Title:
SunBirdFX Daily Market Analysis : 01/17/2012
www.sunbirdfx.com
The US stock markets were closed yesterday due to the Martin Luther King Day and the forex market did not make any significant movement because of that. The trading week starts actually today as the results season in the US continues with Citigroup and Wells Fargo.
USD/CAD
Exactly one week ago, we analyzed the pair and demonstrated the accurate triangle it has been moving in. Since then, the price touched the upper and the lower edges alternately, and now it is consolidating around 1.02. It looks like that either bears nor bulls have the upper hand here, but the meeting point is getting close.
Today is published the interest rate in Canada, which is expected to remain at 1%. The BOC rate statement might make this pair jumpy, and the price can get out of boundaries of ...
Title:
Technical analysis of the USD/CAD pair on January 17th, 2012
Commentary of the USD/CAD pair :
The bearish movement continues on the pair USD/CAD after a pullback on 1.0250.
The breakout of the short term bullish slant (purple line) gave us a new sell signal.
Currently, the pair is testing the next support at 1.0142.
All indicators are bearish.
We continue to advise short positions as far as 1.02 is resistance.
The breakout of the bullish slant and 1.0142 will both give a new sell signal.
In case of return above 1.02, we will be neutral between this level and 1.0250.
The breakout of 1.0250 will give a buy signal.
See the previous analysis of the USD/CAD pair of January 16th, 2012
USD/CAD Analysis
Title:
USD/CAD Daily technical analysis - January 2012
The pair USD/CAD has failed to break the resistance at 1.04 and then a strong correction followed.
The pair got out of its bullish channel (purple lines) and is now moving below the resistance at 1.0240, following a pullback on 1.01.
A return above 1.0294 (level 38.20% of fibonacci retracements) will comfort our bullish feeling.The breakout of 1.04 will give a new buy signal and open the way towards 1.0567 (level 50% of fibonacci retracements).
The trend remains bullish as far as 1.01 is support. In case of return below this levle, a return on 0.9556 (level 23.60%) is expected. Only the breakout of this level will indicate a trend reversal.
Previous USD/CAD Daily Analysis - December 2011
Title:
Technical analysis of the USD/CAD pair on January 16th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD has tested last friday the resistance at 1.0250 and also its medium term bearish slant (black line) in extension.
Currently, the pair seems to move towards a test of tis short term bullish slant (purple line).
All indicators are bullish.
We continue to advise short positions as far as 1.0250 is resistance.
The breakout of the bullish slant and 1.0142 will both give a new sell signal.
In case of return above 1.0250, we will be neutral between this level and 1.03.
The breakout of 1.03 will give a buy signal.
See the previous analysis of the USD/CAD pair of January 13th, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/CAD pair on January 6th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD has continued its rebound and got out of its bearish channel.
The pair is currently testing the resistance at 1.02.
All indicators are bullish.
We maintain to trade only short positions as far as 1.02 is resistance.
A return below 1.0150 will comfort our bearish feeling.
The breakout of 1.0085 and 1.00 will both give a new sell signal.
In case of return above 1.02, we will be neutral between this level and 1.0250.
See the previous analysis of the USD/CAD pair of January 5th, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/CAD pair on January 5th, 2012
Commentary of the USD/CAD pair :
A rebound occured on the support at 1.0085 but the pair USD/CAD is still moving into its bearish channel.
All indicators are bearish.
We maintain to trade only short positions as far as 1.02 is resistance.
The breakout of 1.0085 and 1.00 will both give a new sell signal.
In case of return above 1.02, we will be neutral between this level and 1.0250.
See the previous analysis of the USD/CAD pair of January 4th, 2012
USD/CAD Analysis
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