$ USD/CAD, technical report classic 06.14

14 June 2012 05: 48 GMT

USD/CAD: Our core bullish outlook for this market has been more than reaffirmed over the past couple of weeks, with the market accelerating back above parity and towards 1.0500 thus far. While we continue to project significant upside over the medium-term, risks over the short-term appear to be tilted to the downside so that the market can correct from overbought readings on the daily chart. However, any setbacks should now be very well supported ahead of parity and in the 1.0100 area.

$$USD/CAD Classical Technical Report 06.13

USD/CAD: Our optimistic prospects for this market base has more reaffirmed in the course of the past few weeks, with the market of the acceleration of the back above parity and to 1.0500 so far. While we continue to the significant increase of the draft medium-term, short-term risks appear to be tilted to the downside so that the market can fix surachat readings on the daily chart. However, no setbacks should now be very well supported before the parity and the area of 1.0100.

$$ USD/CAD, technical report classic 06.12

June 12, 2012 05: 55 GMT
 USD/CAD: our optimistic prospects for this market base was reiterated more over the past two weeks, with the market acceleration back above parity and to 1.0500 so far. While we continue to the significant increase of the draft medium-term, short-term risks appear to be tilted to the downside so that the market can fix surachat readings on the daily chart. However, no setbacks should now be very well supported before the parity and the area of 1.0100.

USD/CAD Classical Technical Report 06.07

USD/CAD: Our optimistic prospects for this market base has more reaffirmed in the course of the past few weeks, with the market of the acceleration of the back above parity and to 1.0500 so far. While we continue to the significant increase of the draft medium-term, short-term risks appear to be tilted to the downside so that the market can fix surachat readings on the daily chart. However, no setbacks should now be very well supported before the parity and the area of 1.0100.

-Written by Joel Kruger, technical currency strategist

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$$ USD/CAD Classical Technical Report 06.06

June 6, 2012 06: 19 GMT

USD/CAD: our optimistic prospects for this market base was reiterated more over the past two weeks, with the market acceleration back above parity and to 1.0500 so far. While we continue to the significant increase of the draft medium-term, short-term risks appear to be tilted to the downside so that the market can fix surachat readings on the daily chart. However, no setbacks should now be very well supported before the parity and the area of 1.0100.

$$$ USDCAD January Pivot has for the moment

May 28, 2012 17: 48 GMT every day bars

The USDCAD almost reached the 1/9 of 10318 Friday before turning downward. Like all the rest, weakness of the USD must be regarded as contrary trend, but the spectrum of 5 waves 9799 place suggests additional inconvenience this week. Interim support is 10190 and strengthen support 10130/50.
LEVELS: 10070 10150 10190 10310 10425 10523

USDCAD: Correction to give entry long

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Ilya Spivak, currency 25 may 2012 strategist 09: 34 GMT strategy: long wait

Rally USDCAD seems to be slowing the advance of the 1.0318 resistance, January 9 swing high, a Spinning Top candlestick and negative divergence RSI evoking a withdrawal may be coming. We will seek a low blow as an opportunity to purchase in the next few days. Initial support lines 1.0179, 23.6% Fibonacci tracing.

Written by Ilya Spivak, strategist of Dailyfx.com currency

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25 May 2012 09: 34 GMT

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$ USD/CAD Classical Technical Report 05.23

By Joel Kruger, Technical Strategist 23 May 2012 07:00 GMT USD/CAD:The latest break and close back above 1.0050 reaffirms out core constructive outlook and should now open the door for some fresh upside over the coming weeks back towards 1.0600. In the interim however, look for short-term studies to unwind before any meaningful gains. Setbacks should now be very well supported above 0.9900.

USD/CAD Classical Technical Report 05.18

AppId is over the quota
AppId is over the quota
USD/CAD:The latest break and close back above 1.0050 reaffirms out core constructive outlook and should now open the door for some fresh upside over the coming weeks back towards 1.0600. In the interim however, look for short-term studies to unwind before any meaningful gains. Setbacks should now be very well supported above 0.9900.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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View the original article here

$ USD/CAD, technical report classic 05.15

USD/CAD: Our constructive outlook remains intact despite the latest interday pullback with the market largely locked in a medium-term consolidation ahead of what we believe will be an eventual retest of the October highs by 1.0660 key. Look for any declines to continue to be well supported on a weekly close above 0.9800 basis, while a daily close back above 1.0050 will help to reaffirm. Ultimately, only a weekly close below 0.9800 would delay.

#$ USDCAD: Interim support found above 0.98

currency 27 April 2012 strategist 09: 25 GMT strategy: flatUSDCAD in a hammer candle over support to 0.9814, the 50% Fibonacci level, evoking a rebound is coming. The Setup program is not conclusive enough to trigger a position however and we will respect side up to that something more concrete emerges. Initial resistance aligns to the 0.9870, 38.2% Fib.

|$| USD/CAD, technical report classic 04.24

USD/CAD: Our constructive prospects remains intact despite the last withdrawal interday with the market largely locked in a consolidation in the medium term in advance what we believe will be a possible expectation of the high key of October by 1.0660. Locate any declines continue to be well supported on a close above 0.9800 weekly, while the daily close back above 1.0050 will help reaffirm.

> $ USD/CAD Classical Technical Report 04.23

23 April 2012 06: 09 GMT  USD/CAD: our constructive prospects remains intact despite the last withdrawal interday with the market largely locked in a consolidation in the medium term in advance what we believe will be a possible expectation of the high key of October by 1.0660. Locate any declines continue to be well supported on a close above 0.9800 weekly, while the daily close back above 1.0050 will help reaffirm.

$$$$$ USDCAD: Prices Still Locked in Familiar Range

Strategy: Flat

USDCAD continues to drift sideways in a narrow range between support at 0.9854 and resistance at 1.0053. A Morning Star candlestick pattern has been formed, but its implications are suspect considering it is occurring without a strong trend to precede it (typically required for a valid a valid reversal pattern). We see no compelling opportunities here for now and will remain on the sidelines until the pair resolves a clear directional bias.

$$ USD/CAD Classical Technical Report 04.20

20 April 2012 06:43 GMT
 
USD/CAD: Our constructive outlook remains intact despite the latest interday pullback with the market largely locked in a medium-term consolidation ahead of what we believe will be an eventual retest of the key October highs by 1.0660. Look for any declines to continue to be well supported on a weekly close basis above 0.9800, while a daily close back above 1.0050 will help to reaffirm.

$ USD/CAD Classical Technical Report 04.18

Technical Strategist 18 April 2012 06:14 GMT 

USD/CAD: Our constructive outlook remains intact despite the latest interday pullback with the market largely locked in a medium-term consolidation ahead of what we believe will be an eventual retest of the key October highs by 1.0660. Look for any declines to continue to be well supported on a weekly close basis above 0.9800, while a daily close back above 1.0050 will help to reaffirm.

USD/CAD, technical report classic 04.06

Technical strategist 6 April 2012 05: 49 GMT  USD/CAD: our constructive prospects remains intact despite the last withdrawal interday with the market largely locked in a consolidation in the medium term in advance what we believe will be a possible expectation of the high key of October by 1.0660. However, we reviewed our perspective somewhat and here, wait for any further decline to be well considered support weekly close above 0.9750. A close back daily over 1.0050 will help reaffirm.