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Technical Analysis Of The Usd/cadTitle:
Technical analysis of the USD/CAD pair on March 16th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD continues to test the resistance at 0.9937.
Indicators are neutral.
The pair is still moving below its medium term bearish slant (black line).
We advise to trade only short positions as far as 0.9937 is resistance.
The breakout of 0.9889 will give a new sell signal and open the way towards 0.9850.
In case of return above 0.9937, we will be neutral between this level and 0.9972.
The breakout out of 0.9972 will give a buy signal.
See the previous analysis of the USD/CAD pair of March 15th, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/CAD pair on March 15th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD has rebouded yesterday again on the support at 0.9889 and is testing again the resistance at 0.9937.
Indicators are globaly bullish.
The pair is still moving below its medium term bearish slant (black line).
We advise to trade only short positions as far as 0.9972 is resistance.
The breakout of 0.9889 will give a new sell signal and open the way towards 0.9850.
In case of return above 0.9972, a buy signal will be given.
See the previous analysis of the USD/CAD pair of March 14th, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/CAD pair on March 14th, 2012
Commentary of the USD/CAD pair :
0.9889 semble to act as support on the pair USD/CAD who is moving between this level and 0.9937.
Indicators are neutral.
The pair is still moving below its medium term bearish slant (black line).
We advise to trade only short positions as far as 0.9972 is resistance.
The breakout of 0.9889 will give a new sell signal and open the way towards 0.9850.
In case of return above 0.9972, a buy signal will be given.
See the previous analysis of the USD/CAD pair of March 13th, 2012
USD/CAD Analysis
Title:
Dukascopy Afternnon Forex Overview : 13/03/2012
Dukascopy Fundamental Analysis
EUR
European governments urged Spain to implement larger budged deficit cuts to prevent debt crisis from returning to the region. 10 days ago Spanish PM Rajoy unilaterally increased Spain's deficit target to 5.8% of GDP for year 2012 and claimed the country will aim to attain region's common target of maximum 3% in 2013. The announcement was not praised by region's officials who recently signed fiscal discipline treaty.
USD
US federal budget deficit widened more than expected in February, reported Department of the Treasury. The US federal budget balance declined to minus 231.7 billion US Dollars on a seasonally adjusted basis in February as compared to minus 27.4 billion US Dollars in January. Experts predicted the deficit to attain 229.3 billion US ...
Title:
Technical analysis of the USD/CAD pair on March 13th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD is moving since Friday between the support at 0.99 and the resistance at 0.9937.
The pair is currently testing the support at 0.99.
All indicators are bearish.
The pair is still moving below its medium term bearish slant (black line).
We advise to trade only short positions as far as 0.9972 is resistance.
The breakout of 0.99 will give a new sell signal and open the way towards 0.9850.
In case of return above 0.9972, a buy signal will be given.
See the previous analysis of the USD/CAD pair of March 12th, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/CAD pair on March 12th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD is moving since Friday between the support at 0.99 and the resistance at 0.9937.
All indicators are bearish.
The pair is still moving below its medium term bearish slant (black line).
We advise to trade only short positions as far as 0.9972 is resistance.
The breakout of 0.99 will give a new sell signal and open the way towards 0.9850.
In case of return above 0.9972, a buy signal will be given.
See the previous analysis of the USD/CAD pair of March 9th, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/CAD pair on March 9th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD has continued its bearish movement and the breakout of 0.9937 gave us a sell signal.
All indicators are bearish.
The pair is still moving below its medium term bearish slant (black line).
We advise to trade only short positions as far as 0.9972 is resistance.
The breakout of 0.99 will give a new sell signal and open the way towards 0.9850.
In case of return above 0.9972, a buy signal will be given.
See the previous analysis of the USD/CAD pair of March 8th, 2012
USD/CAD Analysis
Title:
Dukascopy Morning Forex Overview : 08/03/2012
Fundamental Analysis
EUR
Germany's factory orders unexpectedly slipped in January as overseas demand for machinery and similar investment goods fell. Factory orders lost 2.7% compared to a 1.6% gain in December, said Economy Ministry. Economists questioned by Bloomberg earlier predicted an 0.6% increase. On yearly basis orders have dropped 4.9%. Euro erased morning gains on report.
USD
Republican Mitt Romney, ex-governor of Massachusetts won the primary presidential election in Ohio. Romney gained 38% of votes, followed by former Senator of Pennsylvania Rick Santorum with 37%, Speaker of US house Newt Gingrich with 15% and US Representative Ron Paul with 9% support.
GBP
After a rapid drop of 1.9% in previous session, British FTSE 100 index retreated and climbed 0.5% on Wednesday as ...
Title:
Technical analysis of the USD/CAD pair on March 8th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD almost reached its medium term bearish slant and then a correction occured.
The pair is currently testing 0.9950.
Indicators are globaly bullish.
The pair is still moving below its medium term bearish slant (black line).
We continue to advise long positions as far as 0.9950 is support.
A return above 1.0 will comfort our bullish feeling.
The breakout of 1.0039 will give a new buy signal and open the way towards 1.01.
In case of return below 0.9950, we will be neutral between this level and 0.9937.
The breakout of 0.9937 will give a new sell signal.
See the previous analysis of the USD/CAD pair of March 7th, 2012
USD/CAD Analysis
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