A Tweezers Bottom Candlestick pattern is a chart formation which is made up of two consecutive candlesticks. The distinguishing feature of this pattern is that the two candles share the same low or are very close to the same low. They may be either white or black in colour and of any length. It is considered a bullish reversal pattern but tends to behave more as a bearish continuation. Read More…
A Flag pattern is a chart formation which appears when price action is confined between two parallel trendlines. The Flag may be ascending or descending and is considered to be a continuation signal for the specific market in which it appears. Read More…
A Three Rising Valleys Pattern is a chart formation in which the price action forms three consecutive valleys, each successive valley posting a higher low than the last. The pattern tends to act as a bullish reversal signal. Read More…
The Canadian economy has historically been tied to that of its vastly larger neighbour to the south. In 2009, 20% of U.S. exports went to Canada, but almost 75% of Canada’s exports went to the U.S., illustrating the levels of influence on each other’s economy. Canadian exports to the U.S. include energy products (it’s the single largest supplier of oil and gas to the U.S.), metals and minerals, timber and agricultural products—and those commodities comprise half of all Canadian-U.S. trade by value. Read More…
Category : AUD, CAD Tags : forex market, stock market trading, USD
The Canadian dollar has low liquidity in comparison to other currencies within the forex trading market. In 2007, the most recent year for which data is available, the major currencies break down as follows:
• the U.S. dollar was involved in 86.3% of all forex trading transactions;
• the Euro was involved in 37.0%;
• the Japanese yen in 16.5%;
• the pound sterling in 15.0%;
• the Swiss franc in 6.8%;
• the Australian dollar in 6.7%; and
• the Canadian dollar in 4.2%.
Note that, because there are two sides to each forex trading transaction, the combined numbers will not total 100%. Read More…
Category : CAD Tags : canadian dollar, Forex, forex trading
