Tag Archives: USD/CAD
Daily FX Technical Strategy – The Italian connection
With EUR/USD having tested our 1.3000/1.3050 target, we are now standing aside and monitoring this important zone where the December lows and daily cloud base converge.
USD/CAD Analysis
The pair was trading close to eight-month highs on Monday as concerns over the outlook for the Canadian economy dampened demand for the currency.
USD/CAD Technical Analysis
(1,0230) The USD/CAD confirmed on Friday even a 1,0250 overshooting before however closing the session below the resistance line at 10220!
Daily FX Technical Strategy – Gold through the FX monocle
Consecutive weeks of strong selling in gold are symptomatic of a stronger US dollar more than a gauge of risk and liquidity. When plotted in the weaker currencies of 2013,
FX Daily Majors
Today’s highlights: – GBPUSD has collapsed sharply again overnight and we look for further weakness to 1.4873/53.
FX Daily Majors
Today’s highlights: – EURUSD: Attempting to rebound from 78.6% Fibonacci retracement at 1.3151. Above 1.3291 however is required to signal a base for 1.3435 resistance.
USD/CAD Technical Analysis
(1,0197) The USD/CAD confirmed last night another strong closing after a 1,02 overshooting, missing however to directly test the resistance line at 1,0225!!
Daily FX Technical Strategy – Fuel for the USD bulls
The bearish EUR/USD readings are catching pace. Although the larger uptrend is still supported, the risk is that broader USD strength can drive this cross lower in range.
Technical Alert
Another eventful day with several milestones passed. In general we are looking for more dollar strength (perhaps excluding JPY & GBP, both looks reaction prone to us).
FX Daily Majors
Today’s highlights: – GBPUSD: Dramatic plunge through key medium term range support zone at 1.5233/68/74.
FX Daily Majors
Today’s highlights: – NZDUSD: Unexpected reversal lower sees the market prod below .8395. The focus now shifts lower to the .8329 trendline support, then to the .8309/.8295 support zone.
USD/CAD Technical Analysis
(1,0120) The USD/CAD confirmed a positive closing also last night but failed yet to confirm an important extension of the move up after the break above 1,01 and this is disappointing!