Your Source for Daily FOREX Market News and Analysis
Saturday, 21 November 2009 GMT
FOREX ALERTS >>
- USD Graphic Rewind Fri, 20 Nov 2009 07:11 GMT
- Opening Comment Fri, 20 Nov 2009 06:23 GMT
- Overnight Interest Rate Update 11.19.09 Fri, 20 Nov 2009 05:12 GMT
cad technicals
Article
Canadian Dollar Technical Outlook
Thursday, 06 August 2009 14:11:24 GMT
|
Previous Articles
Print
- Tuesday, 25 August 2009 15:18:50 GMT Canadian Dollar Technical Outlook
- Tuesday, 25 August 2009 15:17:11 GMT Canadian Dollar Technical Outlook
- Monday, 24 August 2009 14:20:27 GMT Canadian Dollar Technical Outlook
- Friday, 14 August 2009 14:54:18 GMT Canadian Dollar Technical Outlook
- Thursday, 13 August 2009 14:33:44 GMT Canadian Dollar Technical Outlook
- Wednesday, 12 August 2009 14:36:45 GMT Canadian Dollar Technical Outlook
- Tuesday, 11 August 2009 14:05:51 GMT Canadian Dollar Technical Outlook
- Monday, 10 August 2009 14:47:45 GMT Canadian Dollar Technical Outlook
- Friday, 07 August 2009 14:26:04 GMT Canadian Dollar Technical Outlook
- Wednesday, 05 August 2009 14:25:21 GMT Canadian Dollar Technical Outlook
- Friday, 31 July 2009 14:59:41 GMT Canadian Dollar Technical Outlook
- Thursday, 30 July 2009 14:12:02 GMT Canadian Dollar Technical Outlook
- Wednesday, 29 July 2009 15:01:49 GMT Canadian Dollar Technical Outlook
- Tuesday, 28 July 2009 14:21:08 GMT Canadian Dollar Technical Outlook
- Monday, 27 July 2009 14:28:49 GMT Canadian Dollar Technical Outlook
- Friday, 24 July 2009 15:45:40 GMT Canadian Dollar Technical Outlook
- Thursday, 23 July 2009 13:48:42 GMT Canadian Dollar Technical Outlook
- Wednesday, 22 July 2009 14:18:38 GMT Canadian Dollar Technical Outlook
- Tuesday, 21 July 2009 14:18:16 GMT Canadian Dollar Technical Outlook
- Monday, 20 July 2009 14:58:18 GMT Canadian Dollar Technical Outlook
The entire rally from 1.0782 has now been retraced. Additional weakness is expected over the next several weeks in order to complete the decline from 1.1730 and by extension the entire decline from 1.3068. 1.0588 is the next level of potential support (Fibonacci). The drastic divergence with RSI at the recent low warns of a strong rebound and potentially an outright reversal.
Resources
