EUR/CAD - Euro to Canadian Dollar

USD/CAD With the three-week old descending trend-line, coupled with 50-day SMA, restricting the USDCAD’s near-term advances around 1.3495 – 1.3500, the pair becomes more likely to re-test four-month long upward slanting TL, near 1.3390, if Canadian GDP matches 0.3% forecast. Given the pair drops below 1.3390 on a daily closing basis, the 1.3350 and the … Continue reading Important CAD Pairs’ Technical Overview: 31.05.2017

USD/CAD Although FOMC’s disappointment and negative US crude inventory figure dragged USDCAD towards testing a fortnight low, the pair failed to offer a daily closing below 100-day SMA level and is presently witnessing bounce from the same 1.3295 support. The 1.3350 might become immediate resistance for pair traders to watch at the moment, breaking which … Continue reading Important CAD Pairs’ Technical Outlook: 16.03.2017

USD/CAD Following its another reversal from 1.3570 – 1.3600 horizontal-region, comprising 50% Fibonacci Retracement of January – May 2016 downside, the USDCAD maintained its downturn and is presently around 1.3010 – 1.3000 support-zone. Considering oversold RSI and pair’s repeated failures to dip below 1.3000, chances of it’s bounce to 1.3150, 1.3190 and then to 1.3260 … Continue reading Important CAD Pair’s Technical Overview: 01.02.2017

That instrument that we are talking about is EURCAD and we can spot here a beautiful trend reversal pattern – head and shoulders, which is already active. As we can see, since the second half of the 2015, the price created a H&S pattern (green areas), which ended in the November with a bearish breakout. … Continue reading Decent Long-Term Sell Signal on an Exotic Forex Instrument