04 December, 2008
USD/CAD Short-Term Forex Technical Outlook
The USDCAD continues to hold within an upward trend, and the technical outlook favors a bullish outlook for the pair.
Currency Pair: USD/CAD
Chart: 60 Min Charts
Short-Term Bias: Bullish
Analysis
The
USDCAD continues to hold within an upward trend, and the technical
outlook favors a bullish outlook for the pair. After falling to a low
of 1.1463 on 11/5, the pair bounced back to reach a high of 1.2986 on
11/21, and may push higher over the near-term as investors curb their
appetite for risk. During the previous trading
session, we saw the pair make an attempt to cross above 1.2660-70
(21.4% Fib level), but the lack of momentum to push higher paired with
the divergence from the 120 SMA suggests that the pair may pull back
over the remainder of the week.
[ForexGen Demo Accounts Contest]
Win Cash Prizes
[ForexGen] has the pleasure to announce the launching of the Demo Account contest on the first of every month.
Interested
clients who wish to participate in this event shall send an e-mail
request on demo.contest@forexgen.com including the following
information:
- Full name:
- Phone number
Also provide us with the following identification document:
" Certified copy of the information pages of account holder current valid passport or government issued photo ID"
For
more information about our current and future promotions, kindly
contact one of our customers support agents at promotions@forexgen.com
Profile
- name: John Adam
Menu
search
recently...
- Euro Rises Against US Dollar, Testing Key Resistance
- After High-Profile Start, SC Limps to End of 2008
- Types of Forex Orders
- What Does Scalping Mean?
- Dollar Edges Higher vs Euro, Pound, Yen
- British Pound And Euro Technical Outlook
- Qimonda Set For Euro325 Million Bailout
- US Dollar Plummets as US 10-Year Treasury Yields Hit Record Lows
- Euro Soars Against US Dollar
- Forex Traders Push US Dollar to Key Support - Is the Correction Over?
Poll
Categories
- General [9]
- forex market [16]
- forex [24]
- forexgen [36]
- trading [16]
- strategy [10]
- strategies [9]
- signals [5]
- profit [13]
- market [10]
- investor [6]
- manage [7]
- fundamental [7]
- technical [7]
- analysis [9]
- platform [8]
- business [4]
- money [8]
- pair [3]
- currency [7]
- terminal [1]
- ForexGen offers [2]
- ForexGen traders [1]
- offer [5]
- trading activities [1]
- enabled Premium [1]
- ZERO spread [1]
- special traders [1]
- Amazing [1]
- benefit [1]
- Traders [1]
- accounts [1]
- Pro [1]
- No Dealing Desk [1]
- NDD accounts [1]
- ForexGen NDD [1]
- 25% bonus [1]
- refer [1]
- friendship [1]
- earn bonus [1]
- millions [1]
- Japanese Yen [1]
- US dollar [2]
- euro [3]
- Holiday Trading [1]
- ForexGen Demo Account [1]
- Live Account [1]
- Trading Platform [1]
- Australian [1]
- New Zealand Dollars [1]
- Gain [1]
- Canadian Dollar [2]
- forecasted [1]
- economic [1]
- ForexGen Live Accounts Contest [1]
- financial markets [1]
- economic [1]
- ECB [1]
- U.S. markets [1]
- strategists [1]
- Swiss bank [1]
- ForexGen Services [2]
- ForexGen Partnership [1]
- Wall Street [1]
- Asian stock markets [1]
- foreign exchange [1]
- Demo Account [1]
- Japanese economic data [1]
- economic data [1]
- US dollar [2]
- Asian stock markets [1]
- Japanese Economic Indicators [1]
- ForexGen Adcademy [1]
- Mulyi Terminal [1]
- Lowest Spreads [1]
- AUDUSD [1]
- Expert Advisors [1]
- Canadian Dollar [1]
- Demo Account [1]
- Live Account [1]
- Euro [2]
- Forex market [1]
- Live Accounts Contest [1]
- Pound [1]
- Interest Rate [0]
- Scalping Enabled Account [1]
- economic news [1]
- CAD [2]
- USD [1]
- Demo Accounts Contest [1]
- ECB [1]
- ForexGen Academy [1]
- ForexGen Psychology [0]
- Canada [1]
- ForexGen Psychology [2]
- economy [2]
- Oil Prices [1]
- Wall Street [1]
- ForexGen Partnership [1]
- ForexGen Live Accounts Contest [0]
- ForexGen Live Accounts Contest [1]
- financial markets [1]
- Economy Ministry [1]
- British Pound Technical [1]
- Euro Technical [1]
- ForexGen Partnership [1]
- Dollar [1]
- scalping [1]
- Demo Accounts Contest [1]
- Forex Orders [1]
- Demo Accounts Contest [1]
- ForexGen Partnership [2]
- economic note [1]
Syndicate
A service provided by Al Bawaba