Chart Of The Day: USD/CAD
7/23/2009 – USD/CAD – Steeply bearish price action within the last couple of weeks on USD/CAD, a daily chart of which is shown, has brought price down from a 38.2% Fibonacci retracement (measured off the long bearish run from 1.3060 to 1.0780) to approach the downtrend lows [...]
FX Thoughts for the Day
USD-CHF @ 1.0695/0699…Seeking Direction
R: 1.0720-26 / 1.077-89
S: 1.0647 / 1.0624-20 / 1.0594
Swiss has risen sharply in the Asia session after a pull pack yesterday. It is currently standing at the Resistance formed by 89 period moving average of the Highs in the 4-hourly. It is expected to take support [...]
FX Thoughts for the Day
USD-CHF @ 1.0695/0699…Seeking Direction
R: 1.0720-26 / 1.077-89
S: 1.0647 / 1.0624-20 / 1.0594
Swiss has risen sharply in the Asia session after a pull pack yesterday. It is currently standing at the Resistance formed by 89 period moving average of the Highs in the 4-hourly. It is expected to take support [...]
USD/CAD Flirts with 1.0950 Support Level
The USD/CAD has been on a steep decline, nearly 600 pips, that has only recently paused because of support from the 1.0950 level.
This is the second time the pair has encountered the 1.0950 level in recent trading, and with pair testing this level several times in the past, we can [...]
USD/CAD Flirts with 1.0950 Support Level
The USD/CAD has been on a steep decline, nearly 600 pips, that has only recently paused because of support from the 1.0950 level.
This is the second time the pair has encountered the 1.0950 level in recent trading, and with pair testing this level several times in the past, we can [...]
USD/JPY Balances on our 1st Tier Downtrend Line
The USD/JPY failed in its recent attempt to build positive momentum from our 1st tier uptrend line. The currency pair has since fallen back to our 1st tier downtrend line on declining volume. Though the currency pair is trading comfortably above July lows, investors are hesitant [...]
