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Category Archives: USD/CAD Weekly Analysis

Analysis of the USDCAD exchange rate and associated technical analysis/fundamental analysis posts.

Elliot Wave – USDCAD – Loonie Wave Formation – ElliotWaveStrat

Elliot Wave – USDCAD – Loonie Wave Formation – ElliotWaveStrat

Elliot Wave – USDCAD – Loonie Wave Formation - ElliotWaveStrat (Guest Post - Vladimir Ekimov) The “Loonie” US Dollar/Canadian Dollar pair has printed – what appears to be – a near textbook Elliot wave formation when referencing the weekly chart. This currency pair moved into a corrective phase over recent weeks and now looks to have printedContinue Reading

USDCAD Technical Analysis – 20 24 May – Weekly Update – USD CAD Outlook

USDCAD Technical Analysis – 20 24 May – Weekly Update – USD CAD Outlook

USDCAD Technical Analysis – 20 24 May – Weekly Update – USD CAD Outlook Our last technical update noted that the USD/CAD currency pair had found support at the convergence of technical support around parity.  This was comprised of the following technical elements. Ascending trendline support, which had initiated from the 2012 low. The 200-day SMA (simple moving average). The midpointContinue Reading

USDCAD Technical Update – Convergence Of Technical Support Around Parity

USDCAD Technical Update – Convergence Of Technical Support Around Parity

USDCAD Technical Update – Convergence Of Technical Support Around Parity The USD/CAD currency pair has found support at the convergence of technical support around the 1.0000 parity area.  This is comprised of the following elements. Ascending trendline support, which had initiated from the 2012 low. The 200-day SMA (simple moving average). The midpoint of the last keyContinue Reading

USDCAD – US Dollar/Canadian Dollar Technical Update – 29/3/13

USDCAD – US Dollar/Canadian Dollar Technical Update – 29/3/13

USDCAD – US Dollar/Canadian Dollar – Technical Update – 29/3/13 The USDCAD pair has found near term support at a confluence area comprised of the ascending trend line and 38.2% Fibonacci retrace level (see D1 chart below). The low of today (28/3/13) came in around 1.0143, this is approx 45-pips above the next key technicalContinue Reading

USDCAD: Canadian Dollar Under Pressure On Commodity Prices – Financial Flows

USDCAD: Canadian Dollar Under Pressure On Commodity Prices – Financial Flows

USDCAD: Canadian Dollar Under Pressure On Commodity Prices – Reduced Financial flows Recent data from Canada revealed that Dec Retail Sales were lower than expected, at -2.1% versus the anticipated -0.3% level and Jan CPI dropped to +0.5% from the prior +0.8% reading in Dec. The increasing discount of Western Canadian oil (WCS), versus global benchmarkContinue Reading

USDCAD Technical Analysis – WC 4th January 2013

USDCAD Technical Analysis – WC 4th January 2013

USDCAD Technical Analysis – WC 4th January 2013 – Inside Day At Parity The USDCAD pair has retraced back to the 50% corrective level of the last swing higher and price is now aligned with the 200 day SMA (simple moving average). An inside day has formed just under parity after price was caught inContinue Reading

USDCAD Technical Analysis – FX Price Action Update 24/1/13

USDCAD Technical Analysis – FX Price Action Update 24/1/13

USDCAD Technical Analysis – FX Price Action Update – 24/1/13 Loonie is testing the parity level following a high momentum upside day and associated 0.78% gain on the 23/1/13.  This USDCAD rally came after the BOC advised there was no rush to raise interest rates and lowered its economic estimates. The USDCAD 1.000 level hasContinue Reading