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Colin First
12 hours ago

USD/CAD Fundamental Analysis – week of January 23, 2017

The USDCAD pair has been moving exactly to script over the past few months. We have been repeatedly mentioning in our forecasts that the pair is in an uptrend and any correction in the pair should be viewed as only a correction in the uptrend and should be viewed as an opportunity to go long … Continue reading USD/CAD Fundamental Analysis – week of January 23, 2017

Christopher Lewis
17 hours ago

USD/CAD forecast for the week of January 23, 2017, Technical Analysis

The USD/CAD pair fell initially during the week, but found enough support at the 1.30 level to turn things around and break back above the previous uptrend line. Because of this, I feel that the market is going to reach towards the 1.35 handle above, and then eventually break above there. If oil markets start … Continue reading USD/CAD forecast for the week of January 23, 2017, Technical Analysis

Christopher Lewis
18 hours ago

USD/CAD Forecast January 23, 2017, Technical Analysis

The USD/CAD pair had a positive session on Friday as we continue to grind to the upside. Now that we are broken above the uptrend line that previously had given way, it looks as if the market is going to continue to go even higher, perhaps reaching towards the 1.35 level above. If oil rolls … Continue reading USD/CAD Forecast January 23, 2017, Technical Analysis

Colin First
2 days ago

USD/CAD Daily Fundamental Forecast – January 20, 2017

The USDCAD continued to trade strongly as the effects of the BOC economic policy continued to be felt in the CAD and the CAD continued to trade weakly all across the board as a result of this. The pair trades just above 1.3300 as of this writing and unless there is some drastic weakness in … Continue reading USD/CAD Daily Fundamental Forecast – January 20, 2017

Christopher Lewis
2 days ago

USD/CAD Forecast January 20, 2017, Technical Analysis

The USD/CAD pair broke out to the upside, slicing through the previous uptrend. The massive green candle suggests that we are going to continue to see quite a bit of volatility. If we can break above the top of the candle for the session on Thursday, the market should continue to go higher. Pullbacks could … Continue reading USD/CAD Forecast January 20, 2017, Technical Analysis

Christopher Lewis
3 days ago

USD/CAD Forecast January 19, 2017, Technical Analysis

The USD/CAD pair rallied on Wednesday, as the 1.30 level should continue to be supportive. If we bounce from here, I think it’s only a matter of time before the sellers get involved again. Alternately though, if we can break above the previous uptrend line, I feel that the market will go higher. I am … Continue reading USD/CAD Forecast January 19, 2017, Technical Analysis

Colin First
3 days ago

USD/CAD Daily Fundamental Forecast – January 19, 2017

We had mentioned in our forecast yesterday that is was likely to be a key day in the direction of this pair with the rate statement from the BOC and the following press conference scheduled later. We had also mentioned that the USDCAD pair was in an important support region and that it is likely … Continue reading USD/CAD Daily Fundamental Forecast – January 19, 2017

Colin First
4 days ago

USD/CAD Daily Fundamental Forecast – January 18, 2017

Yesterday, with the UK PM May laying out some guidelines on how the Brexit process is likely to proceed, we saw some of the global risks recede and whenever that happens, it is likely that the dollar gets hit and this is what we saw yesterday as well. The dollar was on the backfoot already … Continue reading USD/CAD Daily Fundamental Forecast – January 18, 2017

Christopher Lewis
4 days ago

USD/CAD Forecast January 18, 2017, Technical Analysis

The US dollar fell significantly during the session on Tuesday, testing the 1.30 level. It now looks as if the market is going to try to break down and we could go below the 1.30 handle, the market should continue to go much lower. It is not until we break above the top of the … Continue reading USD/CAD Forecast January 18, 2017, Technical Analysis

Christopher Lewis
5 days ago

USD/CAD Forecast January 17, 2017, Technical Analysis

The USD/CAD pair rallied a bit during the day on Monday, but remains below the uptrend line that we have recently formed. A break above the top of the hammer on Friday would have us going long, as it would be a significant moved to go higher. The oil markets of course have quite a … Continue reading USD/CAD Forecast January 17, 2017, Technical Analysis

Colin First
5 days ago

USD/CAD Daily Fundamental Forecast – January 17, 2017

The USDCAD spent most of the day yesterday consolidating and ranging, as we had mentioned in our forecast yesterday. It was one of the rare days of the year when it is a holiday in USA but not a holiday in Canada and hence we saw the pair trading with a strong upward bias for … Continue reading USD/CAD Daily Fundamental Forecast – January 17, 2017

Colin First
6 days ago

USD/CAD Daily Fundamental Forecast – January 16, 2017

USDCAD continued to trade near its range lows as the dollar is yet to recover its strength and the oil prices continue to remain buoyant which has helped to keep the CAD supported in the short term. We did see the pair make a brief trip below 1.3100 on the back of some serious dollar … Continue reading USD/CAD Daily Fundamental Forecast – January 16, 2017

Colin First
7 days ago

USD/CAD Fundamental Analysis – week of January 16, 2017

USDCAD had a pretty volatile time last week as it tested both the highs and the lows of its range though it fell back towards the lows of its range towards the end of the week. The pair began the week strongly as fears about oil prices and the production cut deal pushed the oil … Continue reading USD/CAD Fundamental Analysis – week of January 16, 2017

Christopher Lewis
8 days ago

USD/CAD forecast for the week of January 16, 2017, Technical Analysis

The USD/CAD pair fell during the week, but found enough support at the 1.30 level to turn around and form a hammer. If we can break above the top of the hammer, I believe the market will continue to try and break above the 1.35 level above. Ultimately, if we break down below the 1.30 … Continue reading USD/CAD forecast for the week of January 16, 2017, Technical Analysis

Christopher Lewis
8 days ago

USD/CAD Forecast January 16, 2017, Technical Analysis

The USD/CAD pair initially fell on Friday, but turned around to form a hammer just as we did on Thursday. If we can break above the top of the hammer from Thursday, I believe that the longer-term uptrend will continue, and we should reach towards the 1.35 handle above. Alternately, I believe that there is … Continue reading USD/CAD Forecast January 16, 2017, Technical Analysis

Christopher Lewis
9 days ago

USD/CAD Forecast January 13, 2017, Technical Analysis

The USD/CAD pair fell hard on Thursday, reaching all the way down towards the 1.30 handle. However, the market turned right back around to form a massive hammer. If we can break above the top of the hammer, that would be an extraordinarily bullish sign and we would more than likely bounce from there. Alternately, … Continue reading USD/CAD Forecast January 13, 2017, Technical Analysis

Colin First
9 days ago

USD/CAD Daily Fundamental Forecast – January 13, 2017

We had mentioned in our forecast yesterday that if the dollar weakness continued, we could soon be making our way towards 1.3000 in the USDCAD pair and we had also mentioned that the price action here would be key and that we are likely to get a bounce from here and also that this region … Continue reading USD/CAD Daily Fundamental Forecast – January 13, 2017

Colin First
10 days ago

USD/CAD Daily Fundamental Forecast – January 12, 2017

USDCAD corrected some more yesterday as the dollar was weak across the board post the press conference from the US President elect Trump. It was generally expected that Trump would deliver a strong speech asking people to unite and help the US grow and also give hints on what his economic, fiscal and foreign policy … Continue reading USD/CAD Daily Fundamental Forecast – January 12, 2017

Christopher Lewis
10 days ago

USD/CAD Forecast January 12, 2017, Technical Analysis

The USD/CAD pair tried to rally on Wednesday again, but again found quite a bit of resistance above. Part of this would’ve been due to the volatility in the oil market, and it now looks as if we will continue to find choppiness. I believe that the previous uptrend line still offers quite a bit … Continue reading USD/CAD Forecast January 12, 2017, Technical Analysis

Christopher Lewis
11 days ago

USD/CAD Forecast January 11, 2017, Technical Analysis

The USD/CAD pair went back and forth on Tuesday, but remains above the vital uptrend line marked on my chart. As long as we are above there, I believe that the buyers still have a good chance to continue the longer-term uptrend, and if oil starts to roll over as it looks likely to, that … Continue reading USD/CAD Forecast January 11, 2017, Technical Analysis

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