USD/CAD Price Forecast January 19, 2018, Technical Analysis

by FX Empire | January 19, 2018 7:22 am
Although the Bank of Canada raised interest rates yesterday, the reality is that they are going to be hard-pressed to do so rapidly. As we rallied during the day on Thursday, it looks as if the 1.25...

USDCAD Daily Analysis – January 19, 2018

by ForexCycle.com | January 19, 2018 4:36 am
USDCAD is in consolidation of the downtrend from 1.2920. Range trading between 1.2355 and 1.2590 could be expected to continue over the next several days. Near term support is at 1.2355, a breakdown below this level will...

USDCAD Daily Analysis – January 18, 2018

by ForexCycle.com | January 18, 2018 3:04 am
USDCAD failed to break below 1.2355 support and stays in the trading range between 1.2355 and 1.2590, suggesting that lengthier consolidation for the downtrend from 1.2920 is needed. Sideways movement would likely be seen over the next...

USDCAD Daily Analysis – January 17, 2018

by ForexCycle.com | January 17, 2018 4:08 am
USDCAD is in consolidation of the downtrend from 1.2920. Range trading between 1.2355 and 1.2590 would likely be seen over the next several days. As long as 1.2590 resistance holds, the downtrend could be expected to resume...

USDCAD Daily Analysis – January 15, 2018

by ForexCycle.com | January 15, 2018 2:45 am
USDCAD remains in the downtrend from 1.2920, the bounce from 1.2355 is likely consolidation of the downtrend. Range trading between 1.2355 and 1.2590 would likely be seen in a couple of days. Further decline could be expected...

USDCAD Weekly Analysis – January 14, 2018

by ForexCycle.com | January 14, 2018 10:06 am
USDCAD’s fall from 1.2920 extended to as low as 1.2355. Further decline is still possible after consolidation and next target would be at 1.2061 previous low support. Near term support is at 1.2355, a breakdown below this...

USDCAD Support Turned Resistance (Jan 12, 2018)

by Kate Curtis | January 12, 2018 7:00 am
USDCAD recently broke through the floor around the 1.2650 minor psychological mark then fell to a low of 1.2362. Price is showing signs of a pullback from its drop and sellers may be waiting at the nearby...

USDCAD Daily Analysis – January 11, 2018

by ForexCycle.com | January 11, 2018 4:02 am
USDCAD broke above 1.2555 resistance, indicating that the downtrend from 1.2920 had completed at 1.2355 already. Further rally would likely be seen after a minor consolidation and next target would be at 1.2650 area. Support levels are...

USD/CAD Price Forecast January 10, 2018, Technical Analysis

by FX Empire | January 10, 2018 6:41 am
The US dollar drifted a little bit higher against the Canadian dollar during quiet trading on Tuesday. I still see a significant amount of resistance near the 1.25 level though, so I don’t have any interest in...