International Business Times

USD/CAD Daily Technical Analysis

USDCAD: Outlook Remains Lower

With continued bearishness seen, more decline is envisaged in the days ahead. Immediate support lies at the 1.0000 level where a break will create scope for more downside towards the 0.9900 level. A violation of here will turn focus to the 0.9850 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, the pair must break and hold above the 1.

By Mohammed Isah | May 09 | FX Tech Strategy

EU Morning report - EU periphery bond yields drop

The euro (EUR) appears strong against most of its major counterparts, early in the European session. The single currency got a boost from news that Spanish and Italian bond yields improved for yet another auction.

By NikolasX | Apr 30 | Easy Forex

EU Morning report - EU periphery bond yields drop

The euro (EUR) appears strong against most of its major counterparts, early in the European session. The single currency got a boost from news that Spanish and Italian bond yields improved for yet another auction.

By NikolasX | Apr 30 | Easy Forex

EU Morning Report - Gold on bearish outlook

The euro (EUR) continues to slide against the US dollar (USD) as the pair trades just above 1.3080. The single currency has found strong resistance at 1.

By NikolasX | Apr 15, 2013 | Easy Forex

USDCAD: Continues To Consolidate With Upside Bias

With an attempt on the downside losing steam and the pair closing marginally lower on Thursday, we could see further upside risk. This is consistent with its broader upside bias now on hold. The risk is for it to return to the 1.0294 level where a violation will aim at the 1.0341 level. A break of here if seen will target the 1.0400 level with cut through here targeting the 1.

By Mohammed Isah | Mar 22, 2013 | FX Tech Strategy

USDCAD: Bullish, Looks To Extend Further Upside

With USDCAD holding firmly above its broken resistance at the 1.0099 level, further upside offensive is expected. This will expose the 1.0255 level where a violation will call for a run at the 1.0300 level. Further out, the 1.0350 level comes in as the next upside target. Both its daily and weekly RSI are bullish and pointing higher supporting this view.

By Mohammed Isah | Feb 26, 2013 | FX Tech Strategy

USDCAD: Recovering But Vulnerable

Although a higher close was recorded the past week, the pair will have to break and above its declining trendline to convince the market of further upside. While the mentioned trendline caps upside, an eventual return to the 0.9814/22 levels is likely. A breach will aim at the 0.9692/31 levels followed by the 0.9500 level.

By Mohammed Isah | Jan 22, 2013 | FX Tech Strategy

USDCAD: Broadly Biased To The Downside Below Trendline

With the pair remaining vulnerable and maintaining its broader downside bias started from the 1.0055 level, further decline is envisaged. This will leave the pair targeting further downside towards the 0.9822 level where a breach will aim at the 0.9692/31 levels. A break of this zone will call for more weakness towards the 0.9500 level.

By Mohammed Isah | Jan 08, 2013 | FX Tech Strategy

USDCAD: Remains On Corrective Offensive

Having continued to hold on to its corrective recovery, further upside is likely. This will leave the pair targeting further upside towards the 1.0000 level where a break will call for a run at the 1.0055 level and then the 1.0081 level. Further out, resistance lies at the 1.0250 level. On the downside, support lies at the 0.9800 level where a breather is likely to occur and turn the pair higher.

By Mohammed Isah | Dec 29, 2012 | FX Tech Strategy

USDCAD: Weakens Further, Eyes More Bearishness

The With USDCAD weak and vulnerable, further decline is likely in the days. This leaves it targeting its psycho level at the 0.9800 level. Further down, support comes in at the 0.9692/31 levels where a breach will call for more declines towards the 0.9500 level. Its daily RSI is bearish and pointing lower supporting this view.

By Mohammed Isah | Dec 14, 2012 | FX Tech Strategy

FOREX Analysis: Yen Positioning Now Most Extreme Since 2007 Turn

The COT Index is the difference between net speculative positioning and net commercial positioning measured. A light blue colored bar indicates that the difference in positioning is the greatest it has been in 52 weeks (bullish) with speculators selling and commercials buying.

By Jamie Saettele | Dec 04, 2012 | DailyFX

USDCAD: Maintains Above Trendline Support

USDCAD: The pair is holding above its trendline it rejected on Monday. This suggests that corrective recovery risk is building up possibly towards the 0.0990 level. A violation will call for a run at the 1.0083 level. Above here will trigger its medium term uptrend followed by the 1.0125 level. On the downside, support comes in at the 0.

By Mohammed Isah | Nov 29, 2012 | FX Tech Strategy

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