http://www.fxtimes.com Get your daily dose of Forex news from the expert analysts at FXTimes. Visitors will have access to the Forex Capsule, our interactive economic calendar, our video recaps, and up-to-date fundamental news releases and technical analysis commentaries. Sat, 04 Feb 2012 14:00:35 +0000 en hourly 1 http://wordpress.org/?v=3.1 http://www.fxtimes.com/technical-updates/mixed-reactions-in-the-us-dollar-to-the-non-farm-payroll/ http://www.fxtimes.com/technical-updates/mixed-reactions-in-the-us-dollar-to-the-non-farm-payroll/#comments Fri, 03 Feb 2012 15:38:47 +0000 Fan Yang http://www.fxtimes.com/?p=66070 http://www.fxtimes.com/technical-updates/mixed-reactions-in-the-us-dollar-to-the-non-farm-payroll/feed/ 0 Anytime we get above forecast and above 200K employment change and decline in unemployment, we get welcoming sign for the US economy. Risk appetite usually leads to pressure for the USD. Indeed we saw that against the commodity currencies like USD/CAD, AUD/USD and NZD/USD where dollar weakness was apparent...However, we have a different reaction in EUR/USD, GBP/USD, USD/CHF, and USD/JPY... http://www.fxtimes.com/technical-updates/usdcad-in-a-pullback-1-0080-1-0100-is-a-key-resistance-cluster-zone/ http://www.fxtimes.com/technical-updates/usdcad-in-a-pullback-1-0080-1-0100-is-a-key-resistance-cluster-zone/#comments Mon, 30 Jan 2012 15:22:37 +0000 Fan Yang http://www.fxtimes.com/?p=65642 http://www.fxtimes.com/technical-updates/usdcad-in-a-pullback-1-0080-1-0100-is-a-key-resistance-cluster-zone/feed/ 0 The USD/CAD has found short-term support at 0.9980 after breaking below parity. Looking at the 1H chart, we see that the rally is taking a second leg (or 3rd wave up), so it is possible that this is a C wave in an ABC correction. The downtrend seen in the 1H chart has been choppy, but it has been trading in a declining channel and staying under the 200H simple moving average... http://www.fxtimes.com/technical-updates/usdcad-falls-below-parity-with-first-support-pivot-at-0-9883/ http://www.fxtimes.com/technical-updates/usdcad-falls-below-parity-with-first-support-pivot-at-0-9883/#comments Fri, 27 Jan 2012 13:20:08 +0000 Fan Yang http://www.fxtimes.com/?p=65441 http://www.fxtimes.com/technical-updates/usdcad-falls-below-parity-with-first-support-pivot-at-0-9883/feed/ 0 The 4H USD/CAD continues it's decline below triangle support and below a support area around 1.0070. In the 1/27 Asian-European session, it is confirming the bearish outlook after a brief pullback in the previous US Session. The RSI shows persistent bearish momentum since breaking below the triangle, as the reading has tagged 30 but failed to break above 60... http://www.fxtimes.com/technical-updates/usdcad-4h-chart-sees-negative-reversal-targeting-1-0030-channel-support/ http://www.fxtimes.com/technical-updates/usdcad-4h-chart-sees-negative-reversal-targeting-1-0030-channel-support/#comments Tue, 24 Jan 2012 20:10:16 +0000 Fan Yang http://www.fxtimes.com/?p=65127 http://www.fxtimes.com/technical-updates/usdcad-4h-chart-sees-negative-reversal-targeting-1-0030-channel-support/feed/ 0 The USD/CAD 4H chart shows a failed pullback in the early part of the US session that was followed by an almost engulfing candlestick to the downside. This sets up a lower high, while corresponding RSI high is the same as the previous. This condition is known as a negative reversal. A swing projection is a conventional target for this signal, and it looks at 1.0030 level... http://www.fxtimes.com/technical-updates/usdcad-signs-to-look-for-after-the-bearish-breakout-of-a-triangle/ http://www.fxtimes.com/technical-updates/usdcad-signs-to-look-for-after-the-bearish-breakout-of-a-triangle/#comments Mon, 23 Jan 2012 19:27:38 +0000 Fan Yang http://www.fxtimes.com/?p=64964 http://www.fxtimes.com/technical-updates/usdcad-signs-to-look-for-after-the-bearish-breakout-of-a-triangle/feed/ 0 The USD/CAD indeed broke a triangle support seen in the daily chart. We also see a couple of indecisive days (shown be the type of candlesticks formed), until the start of this week, where a strong, engulfing type of candle is confirming the downside breakout. We also see that after a bit of congestion of the 8, 21, 55 and 100- day simple moving averages... http://www.fxtimes.com/technical-updates/usdcad-trades-at-triangle-support-near-apex/ http://www.fxtimes.com/technical-updates/usdcad-trades-at-triangle-support-near-apex/#comments Wed, 18 Jan 2012 15:13:22 +0000 Fan Yang http://www.fxtimes.com/?p=64450 http://www.fxtimes.com/technical-updates/usdcad-trades-at-triangle-support-near-apex/feed/ 0 The USD/CAD failed on Friday to push through triangle resistance, and has since dropped to triangle support. With the market so close to the apex as seen in the daily chart, a break is imminent. Note the RSI reading in the daily chart is still above 40. A break below 40 means a break of bullish momentunm established last September. Really, it means a turn to bearish bias after a few months of congestion... http://www.fxtimes.com/technical-updates/usdcad-surges-swing-projection-targets-1-0380-triangle-resistance/ http://www.fxtimes.com/technical-updates/usdcad-surges-swing-projection-targets-1-0380-triangle-resistance/#comments Fri, 13 Jan 2012 15:44:10 +0000 Fan Yang http://www.fxtimes.com/?p=64221 http://www.fxtimes.com/technical-updates/usdcad-surges-swing-projection-targets-1-0380-triangle-resistance/feed/ 0 The 4H USD/CAD shows the market set up a double bottom between the 61.8% and 78.6% retracement of the 1.0075-1.0318 swing. In the 1/13 US trading session, the market followed through to the upside. Candlesticks show strength in price action. The RSI shows maintenance and return of the bullish momentum established in the previous swing as it failed to break below 40 and is pushing above 60... http://www.fxtimes.com/technical-updates/usdcad-in-throwback-after-pushing-above-1-03-1-04-is-near-triangle-resistance/ http://www.fxtimes.com/technical-updates/usdcad-in-throwback-after-pushing-above-1-03-1-04-is-near-triangle-resistance/#comments Mon, 09 Jan 2012 13:26:22 +0000 Fan Yang http://www.fxtimes.com/?p=63755 http://www.fxtimes.com/technical-updates/usdcad-in-throwback-after-pushing-above-1-03-1-04-is-near-triangle-resistance/feed/ 0 The 4H USD/CAD chart shows a market picking up bullish momentum as the RSI reading pushed above 70. In the near-term, this is overbought suggesting some throwback. But going forward it does show bullish momentum. Price broke 1.03, which also cracked an inner triangle resistance as well as the support level for mid-December double top... http://www.fxtimes.com/technical-updates/usdcad-fails-to-break-triangle-support-1-02-is-important-resistance/ http://www.fxtimes.com/technical-updates/usdcad-fails-to-break-triangle-support-1-02-is-important-resistance/#comments Thu, 05 Jan 2012 12:33:28 +0000 Fan Yang http://www.fxtimes.com/?p=63532 http://www.fxtimes.com/technical-updates/usdcad-fails-to-break-triangle-support-1-02-is-important-resistance/feed/ 0 The USD/CAD ailed to break below triangle support after cracking it to start the new year. The 4H chart shows a market that has bearish overall momentum. But price action is breaking above a projected trendline, and the RSI is also about to test 60, above which we can say there is a lost of bearish momentum. The 1H chart shows the market now trading at 61.8% retracement of the latest downswing... http://www.fxtimes.com/technical-updates/usdcad-cracking-triangle-support-a-look-at-lower-support-levels/ http://www.fxtimes.com/technical-updates/usdcad-cracking-triangle-support-a-look-at-lower-support-levels/#comments Tue, 03 Jan 2012 12:43:37 +0000 Fan Yang http://www.fxtimes.com/?p=63336 http://www.fxtimes.com/technical-updates/usdcad-cracking-triangle-support-a-look-at-lower-support-levels/feed/ 1 The USD/CAD has been trading in a triangle. There is an inner bound support and an outer bound one. Right before the new year, the market bounced sharply off the inner support but failed to sustain the rally above the 200 4H simple moving average, and failed to push the RSI back above 60. As we get into the 1/3/2012 US session, the market has broken the inner triangle support, and is cracking the outer one...