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Author Archives: terryjones

USDCAD Breaks Triangle Pattern 28/1/2012

USDCAD Technical Update USDCAD has broken below the recent consolidation range and ascending trend line – which forms part of a triangle pattern – as risk appetite has improved somewhat. Price has now found support near the 1.00 parity level and the action around this key area could be key for the upcoming “Loonie” directionalContinue Reading

USDCAD Trend Line Update – 17/1/2012

The previous USDCAD update post referred to the consolidation that this pair has seen of late and potential for a breakout.  As a quick update we are posting the chart from today which now has the third touch of the ascending trend line.  We will be monitoring this currency pair closely over the coming tradingContinue Reading

USD/CAD Price Pivot Level 27/10/11

USD/CAD Price Pivot Level 27/10/11

USD/CAD Price Pivot – Chart Of The day The USD/CAD daily/weekly charts as shown below have a clear price pivot around 1.0033.  This level has been respected recently and USD/CAD parity is a major level on the higher timeframe charts if referencing historical data.  There has been a massive reaction to the agreement reached inContinue Reading

Canadian Dollar Stronger As Crude And Global Equities Gain 16/10/11

Canadian Dollar Stronger As Crude And Global Equities Gain 16/10/11

Canadian Dollar Strength Resumes After September Decrease Crude oil has experienced an increase in price as sentiment prevailed that  euro-zone politicians might be able to take care of the sovereign debt crisis. Crude short covering was seen following the strong bearish price action after the recent worries of an impending global recession that seems toContinue Reading

USD/CAD AT Significant Resistance Area 27/9/11 Analysis

USD/CAD AT Significant Resistance Area 27/9/11 Analysis

US Dollar/Canadian Dollar Technical Update The USD/CAD currency pair has mounted a remarkable recovery after placing multi-year lows in April.  The potential is still there for further increases, even though the pair has seen little in the way of a retrace; the longer-term charts show we are still very close to major support. A technicalContinue Reading

Canadian Dollar Analysis WC 12/9/11

Canadian Dollar Analysis WC 12/9/11

USD/CAD Analysis Canadian Dollar Sentiment Overview The Canadian dollar experienced the largest decline in recent weeks versus the U.S dollar, as the Canadian economy lost jobs, and payrolls in Canada dropped by net 5,500 jobs with the unemployment rate up at 7.3 percent .  We have now seen the USD/CAD currency pair hit parity today (MondayContinue Reading

USD/CAD Pennant Pattern Forming 23/8/11

USD/CAD Pennant Pattern Forming 23/8/11

The Loonie currency pair is consolidating below parity after a rejection from 1.0009 on the 9/8/11.  The corrective move lower has been short lived to date and a pennant pattern is now forming.  There is also a double inside day/inside bar pattern prior to today and a range breakout could see increased volatility for US/CanadianContinue Reading