The following charts are for the 180 minute time frame with the support and resistance from the longer period time frames. The colors for the plus sign and dots represent the following:
USD-CAD News & Articles
The USDCAD has been moving down since the beginning of the year. Today, at 10:00 am New York time, the Bank of Canada will announce the Bank of Canada Monetary Policy Report, Rate Statement, and O
The GBPUSD 360 minute chart shows there are three resistance areas immediately above price at 1.3103, 1.3132, and 1.3235. Additionally,
The Bank of Canada will release their Monetary Policy Report, Overnight Rate, and Rate Statement today at 10:00 am New York time. Then at 11:15am New York time, the Bank of Canada will hold a pres
Today, at 2pm New York time the FOMC minutes will be released. Traders will be analyzing the minutes for clues as to if the FOMC is still planning on raising interest rates a final time this year.
As mentioned last week in the analysis of the USDCAD, price found resistance at the 1.3200 level and has moved back down. Currently there is a line of white dots at 1.3038 and an ATR on the daily
The BOC Rate Announcement is at 10am New York time today and typically creates a lot of volatility on the USD/CAD currency. Traders have the option of combining the spreads and binaries to limit r
The USDCAD seems to be trying to test the lows made earlier this month (around 1.2960). However, there are several market reports that could affect the USDCAD direction this week. This morning, a
Hidden divergence patterns are formed when either of these two formations occur and are confirmed with a reversal bar:
The markets typically move in waves -- they may move down, then pullback, or retrace, in search of resistance to continue the move down or they may move up, then pullback in search of support. The
The AUDUSD, USDCAD, and USDCHF have price patterns that are developing on the higher timeframes that may potentially identify where price will be going later in the week.
The USD/CAD Bears are pressing Support, and hunting for new move Lows. Fundamentally the USD has been very strong pressing the Dollar rally, but there are signs of a potential turn. The Daily cha
The Bank of Canada will release their Overnight Rate, Monetary Policy Report and Rate Statement today at 10:00 am New York time. The consensus is that they will bump their overnight rate up from 1
A bull trap is when sellers are actually enticing the bulls to re-enter the market only to take it down. Bull traps usually appear at highs and today is no exception. The
At 10am Eastern Time, the Bank of Canada will announce its rate decision. The consensus is that they will refrain raising interest rates today from the current 1.25%. Maintaining the interest rat
Canada is a country that is rich in natural resources. When it comes to energy, Canada produces natural gas, crude oil, crude bitumen, which are oil sands, and coal.
The USD/CAD is ready to press support as the market tries to make a lower move Low. Recent shows of strength continue to be thwarted creating lower move Highs. Fundamentals have been a nightmare
The US Dollar has been gaining strength but the candlestick patterns are indicating that it may go down. Is this an end to the uptrend or is price simply seeking an area that will support further