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Previous Analysis Of The Usd/cadTitle:
YouTradeFX Daily Market Analysis : 26/07/2011
www.youtradefx.com
USD/CAD
Despite yesterday's negative closure on Wall Street, this morning financial markets are trading with increases. The reason for the increases are the speeches made by the United States President, Barak Obama, and the Chairman of the House of Representatives, John Bonner, who, in their speeches, hinted on some progress towards the formulation of an agreement to raise the United States National Debt ceiling.
As a result, the financial markets are rising whilst the United States dollar is weakening significantly against the other leading currencies and especially against the Canadian dollar. A purely economic analysis shows that the Canadian dollar has really a good chance to lead all other currencies in their strengthening against the US dollar in the near future. ...
Title:
Technical analysis of the USD/CAD pair on July 26th, 2011
Commentary of the USD/CAD pair :
After a pullback on 0.9520, the pair USD/CAD took up its bearish movement and is currently testing the support at 0.9450.
We maintain to trade only short positions as far as 0.9520 is resistance.
The breakout of 0.9450 will give a new sell signal and open the way towards 0.94.
However, if 0.9250 is broken, we will be neutral.
See the previous analysis of the USD/CAD pair of July 23th, 2011
Title:
Technical analysis of the USD/CAD pair on July 25th, 2011
Commentary of the USD/CAD pair :
A correction occured on the pair USD/CAD which is currently testing the resistance at 0.9520.
We maintain to trade only short positions as far as this level is resistance.
The breakout of 0.9450 will give a new sell signal and open the way towards 0.94.
However, if 0.9250 is broken, we will be neutral between this level and 0.9608 (resistance and level of the upper band of the bearish channel).
See the previous analysis of the USD/CAD pair of July 22th, 2011
Title:
Technical analysis of the USD/CAD pair on July 22th, 2011
Commentary of the USD/CAD pair :
The pair USD/CAD continued its bearish movement and the breakout of 0.9450 gave us a new sell signal.
Currently, the pair is moving just below this level.
We maintain to trade only short positions as far as 0.9520 is resistance.
The breakout of 0.94 will give a new sell signal and open the way towards 0.9350.
However, if 0.9250 is broken, we will be neutral between this level and 0.9608.
See the previous analysis of the USD/CAD pair of July 21th, 2011
Title:
Technical analysis of the USD/CAD pair on July 21th, 2011
Commentary of the USD/CAD pair :
The pair USD/CAD continued its bearish movement and the break out of 0.95 gave us a new sell signal.
Currently, the pair is testing the next support at 0.9450.
We maintain to trade only short positions as far as 0.9537 is resistance.
The breakout of 0.95 will give a new sell signal and open the way towards 0.9450.
However, if 0.9537 is broken, we will be neutral between this level and 0.9608.
See the previous analysis of the USD/CAD pair of July 20th, 2011
Title:
Technical analysis of the USD/CAD pair on July 20th, 2011
Commentary of the USD/CAD pair :
The pair USD/CAD continues its bearish movement and the break out of 0.9520 gave us a new sell signal.
We maintain to trade only short positions as far as 0.9550 is resistance.
The breakout of 0.95 will give a new sell signal and open the way towards 0.9450.
However, if 0.9550 is broken, we will be neutral between this level and 0.9608.
See the previous analysis of the USD/CAD pair of July 19th, 2011
Title:
Technical analysis of the USD/CAD pair on July 19th, 2011
Commentary of the USD/CAD pair :
0.9608 again acted as resistance on the pair USD/CAD which got back above the support at 0.9580.
We maintain to trade only short positions as far as 0.9608 is resistance.
The breakout of 0.9520 will give a new sell signal and open the way towards 0.95.
However, if 0.9608 is broken, we will be neutral between this level and 0.9650.
See the previous analysis of the USD/CAD pair of July 18th, 2011
Title:
Technical analysis of the USD/CAD pair on July 18th, 2011
Commentary of the USD/CAD pair :
The pair USD/CAD continued its bearish movement and the breakout of 0.9580 gave us a new sell signal.
0.9550 then made support.
We maintain to trade only short positions as far as 0.9625 is resistance.
The breakout of 0.9550 will give a new sell signal and open the way towards 0.95.
However, if 0.9625 is broken, we will be neutral on the pair.
See the previous analysis of the USD/CAD pair of July 15th, 2011
Title:
Technical analysis of the USD/CAD pair on July 15th, 2011
Commentary of the USD/CAD pair :
The pair USD/CAD continues to test the support at 0.9580.
We maintain to trade only short positions as far as 0.9650 is resistance.
The breakout of 0.9580 will give a new sell signal and open the way towards 0.9550.
However, if 0.9650 is broken, we will be neutral.
See the previous analysis of the USD/CAD pair of July 14th, 2011
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