USDCAD Weekly Analysis – September 20, 2020

by ForexCycle.com | September 20, 2020 12:48 pm
No changed in our view, USDCAD remains in the downtrend from 1.4667, the price action from 1.2993 is likely consolidation for the downtrend. Resistance is located at the top of the falling price channel on the daily...

USDCAD Weekly Analysis – September 13, 2020

by ForexCycle.com | September 13, 2020 2:07 pm
USDCAD remains in the downtrend from 1.4667, the bounce from 1.2993 is likely consolidation for the downtrend. As long as 1.3400 resistance holds, the downside movement could be expected to continue and next target would be at...

USDCAD Weekly Analysis – August 23, 2020

by ForexCycle.com | August 23, 2020 1:41 pm
USDCAD’s downside movement from 1.4667 extended to as low as 1.3132. As long as the price is in the falling price channel on the daily chart, the downside movement could be expected to continue and next target...

USDCAD Daily Analysis – August 21, 2020

by ForexCycle.com | August 21, 2020 1:55 am
USDCAD extended its downside movement from 1.3715 (Jun 26 high) to as low as 1.3132. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to...

USDCAD : Market Patterns Signalling the Move Lower

by elliottwave-forecast.com | August 17, 2020 3:33 pm
The chart below of the USDCAD pair was posted on social media StockTwits/Twitter @AidanFX July 21 2020 showing that a bearish market pattern (light blue descending triangle) formed and triggered SELLS when price broke below the triangle....

USDCAD Daily Analysis – August 17, 2020

by ForexCycle.com | August 16, 2020 10:44 pm
USDCAD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3715. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...

USDCAD Weekly Analysis – August 16, 2020

by ForexCycle.com | August 16, 2020 2:15 pm
USDCAD extended its downside movement from 1.4667 to as low as 1.3191. Further decline is still possible next week and next target would be at 1.3000 area. Near term resistance is at the top of the falling...

USDCAD Daily Analysis – August 14, 2020

by ForexCycle.com | August 14, 2020 2:29 am
USDCAD broke below 1.3233 support and extended its downside movement from 1.3715 to as low as 1.3191. Further decline is still possible in a couple of days and next target would be at 1.3100 area. Near term...

USDCAD Daily Analysis – August 13, 2020

by ForexCycle.com | August 12, 2020 10:39 pm
USDCAD extended its downside movement from 1.3715 to as low as 1.3227. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next...

USDCAD Daily Analysis – August 12, 2020

by ForexCycle.com | August 12, 2020 5:04 am
USDCAD moved sideways in a trading range between 1.3233 and 1.3458. As long as the price is in the falling price channel on the 4-hour chart, the downside movement from 1.3715 could be expected to continue, and...