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Technical Analysis Of The Usd/cadTitle:
Technical analysis of the USD/CAD pair on May 9th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD took up yesterday its bullish movement, making a return above 0.9965 (which comfort our bullish feeling).
Currently, the pair is testing the resistance at 1.0020.
All indicators are bullish.
We continue to advise long positions as far as 0.9932 is support.
A return above 0.9965 will comfort our bullish feeling.
The breakout of 1.0020 will give a new buy signal and will open the way towards 1.0050.
In case of return below 0.9932, we will be neutral between this level and 0.99.
The breakout of 0.99 will give a sell signal.
See the previous analysis of the USD/CAD pair of May 8th, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/CAD pair on May 8th, 2012
Commentary of the USD/CAD pair :
A correction occured on the pair USD/CAD who got back below the resistance at 0.9965.
All indicators are still bullish.
We continue to advise long positions as far as 0.9911 is support.
A return above 0.9965 will comfort our bullish feeling.
The breakout of 1.0020 will give a new buy signal and will open the way towards 1.0050.
In case of return below 0.9911, a sell signal will be given.
See the previous analysis of the USD/CAD pair of May 7th, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/CAD pair on May 7th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD broke last friday the resistance at 0.9925, giving us a buy signal.
The pair got out of its bearish channel (purple lines) and has just validated the breakout of the resistance at 0.9965.
All indicators are bullish.
We continue to advise long positions as far as 0.9911 is support.
The breakout of 1.0020 will give a new buy signal and will open the way towards 1.0050.
In case of return below 0.9911, a sell signal will be given.
See the previous analysis of the USD/CAD pair of May 4th, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/CAD pair on May 4th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD is again tested the resistance at 0.9887.
Indicators are globaly bullish.
The pair is still moving into its bearish channel (purple lines).
We continues to advise short positions as far as 0.9887 is resistance.
A return below 0.9866 will comfort our bearish feeling.
The breakout of 0.98 will give a new sell signal and open the way towards 0.9750.
In case of return above 0.9887, we will wait the breakout of 0.9910 to advise long positions.
See the previous analysis of the USD/CAD pair of May 3rd, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/CAD pair on May 3rd, 2012
Commentary of the USD/CAD pair :
0.9887 again acted as resistance and the pair USD/CAD just got back below the support at 0.9866.
Indicators are mitigated.
The pair is still moving into its bearish channel (purple lines).
We continues to advise short positions as far as 0.9887 is resistance.
The breakout of 0.98 will give a new sell signal and open the way towards 0.9750.
In case of return above 0.9887, we will wait the breakout of 0.9910 to advise long positions.
See the previous analysis of the USD/CAD pair of May 2nd, 2012
USD/CAD Analysis
Title:
Dukascopy Morning Forex Overview : 02/05/2012
Fundamental Analysis
EUR
"The likelihood of inflation falling below 2 percent in the short run remains low, putting the ECB in a difficult situation."
- Peter Vanden Houte, an economist at ING
Inflation in the euro zone rose by more than expected in April, mounting pressure on the European Central Bank to take action against price pressures.
USD
"Manufacturing is still in pretty good shape."
- Scott Brown, chief economist at Raymond James & Associates Inc.
Manufacturing in the U.S. expanded in April at the fastest pace in 10 months, showed Institute for Supply Management data on Tuesday.
GBP
"The good news is that manufacturing clocked up a fifth straight rise, whilst cost pressures have eased a little and some firms are still recruiting."
- Lee Hopley, chief economist at EEF
U.K. ...
Title:
Technical analysis of the USD/CAD pair on May 2nd, 2012
Commentary of the USD/CAD pair :
The resistance at 0.9887 has perfectly acted as resistance yesterday and the pair USD/CAD got back below 0.9866, comforting our bearish feeling.
Indicators are mitigated.
The pair is still moving into its bearish channel (purple lines).
We continues to advise short positions as far as 0.9887 is resistance.
The breakout of 0.98 will give a new sell signal and open the way towards 0.9750.
In case of return above 0.9887, we will wait the breakout of 0.9910 to advise long positions.
See the previous analysis of the USD/CAD pair of May 1st, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/CAD pair on May 1st, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD has rebouded yesterday on the support at 0.98 and is currently testing the resistance at 0.9887.
All indicators are bullish.
The pair is still moving into its bearish channel (purple lines).
We continues to advise short positions as far as 0.9887 is resistance.
A return below 0.9866 will comfort our bearish feeling.
The breakout of 0.98 will give a new sell signal and open the way towards 0.9750.
In case of return above 0.9887, we will wait the breakout of 0.9910 to advise long positions.
See the previous analysis of the USD/CAD pair of April 30th, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/CAD pair on April 30th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD made a pullback on the resistance at 0.9866 last friday and then took up its bearish movement.
The pair is currently testing the support at 0.98.
All indicators are bearish.
The pair is moving just below the lower band its bearish channel (purple lines).
We continues to advise short positions as far as 0.9880 is resistance.
The breakout of 0.98 will give a new sell signal and open the way towards 0.9750.
In case of return above 0.9880, we will wait the breakout of 0.9910 to advise long positions.
See the previous analysis of the USD/CAD pair of April 26th, 2012
USD/CAD Analysis
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