• Potential Deep Slide In CADJPY

    Potential Deep Slide In CADJPY

    Bearish sentiment in the global financial markets led many investors to the relative safety of the of the Japanese yen in the last couple weeks. As you can see from the weekly chart of the CADJPY, the currency pair is now tip-toeing its major support around the 92.00 zone. Over the last several months, the

  • Massive Rise Maybe In The Works In USDCAD

    Massive Rise Maybe In The Works In USDCAD

    The US dollar may be in a position to score big versus its little brother up north – the Canadian dollar. As you can see from the weekly chart of the USDCAD pair, it looks to have just broken out from a rather massive rounding bottom pattern when it successfully punched through its neckline resistance

  • Waiting For The CADJPY Break

    Waiting For The CADJPY Break

    The Japanese yen has depreciated a lot as of late against most of the other majors like the USD, EUR, GBP, and CHF. Against the Canadian dollar, the yen has so far been holding its ground. As you can see from its daily chart, the CADJPY pair has just been merely trading sideways within a

  • Short Opportunity On Loonie-Yen Pair?

    Short Opportunity On Loonie-Yen Pair?

    August 28, 2013 (8:30 pm) – The CADJPY pair has rallied after it has fallen to a low of 92.27. However, the pair might see a resistance at its previous support at around 93.25. A presence of a hidden bearish divergence where the price marks lower highs while its stochastics draw higher highs plus an

  • Looking To Jump Into The USDCAD Breakout

    Looking To Jump Into The USDCAD Breakout

    August 2, 2013 (2:31 pm) – The USDCAD pair has recently broken out from an inverted head and shoulders (inverted kilroy) or a rounding bottom pattern as seen in its 1-hour chart. The pair has hit a high of around 1.0360 after moving above its neckline resistance at 1.0320. Now if the Canadian dollar temporarily

  • Playing The USDCAD Range

    Playing The USDCAD Range

    The USD/CAD pair has been trading within a rectangle or a box with a support at 1.0360 and a resistance at 1.0440. As you can see from its 1-hour chart, the pair has fallen towards the range’s support. If this level holds then the USD may bounce back against the loonie and bring the pair