Forex | Forex Strategies | Forex Trading Analysis for USD/CAD (27/08/2009 15:45:08)

Forex Trading Analysis for USD/CAD

Forex Technical Analysis Yesterday's wide spread up bar on the usd to cad daily candle chart merely served to emphasise that the bullish engulfing candle of Tuesday was more than a simple short squeeze and therefore a move we need to consider with some degree of caution particularly for for those of you with open short positions. The high of the day closed well above both the 9 and 14 day moving averages in a move very similar to that of earlier in the month. Indeed the pattern now forming


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