USDCAD Weekly Analysis – December 15, 2019

by ForexCycle.com | December 15, 2019 5:32 am
USDCAD’s fall from 1.3327 extended to as low as 1.3150. Deeper decline could be expected in a couple of weeks and next target would be at 1.3080 area. Near term resistance is at 1.3250, above this level...

USDCAD Daily Analysis – December 13, 2019

by ForexCycle.com | December 13, 2019 3:32 am
USDCAD extended its downside movement from 1.3269 to as low as 1.3150, breaking below 1.3158 support. Further decline could be expected in a couple of days and next target would be at 1.3100 area. Near term resistance...

USDCAD Daily Analysis – December 12, 2019

by ForexCycle.com | December 11, 2019 11:14 pm
USDCAD extended its downside movement from 1.3269 to as low as 1.3161, facing the support level at 1.3158. A breakdown below this level could trigger further downside movement towards 1.3100. Near term resistance is at 1.3190, above...

USDCAD Daily Analysis – December 11, 2019

by ForexCycle.com | December 11, 2019 4:05 am
USDCAD is now in the downtrend from 1.3269, further decline would likely be seen in the coming days and next target would be at 1.3190 area. Resistance is at 1.3269, a breakout of this level could trigger...

USDCAD Daily Analysis – December 10, 2019

by ForexCycle.com | December 10, 2019 4:53 am
USDCAD broke below 1.3225 support, suggesting that the upside movement from 1.3158 had completed at 1.3269 already. Further decline would likely be seen and next target would be at 1.3180 area. Resistance is at 1.3269, only break...

USDCAD Daily Analysis – December 9, 2019

by ForexCycle.com | December 9, 2019 12:31 am
USDCAD bounced strongly from 1.3158 to as high as 1.3269. Further rise is still possible after a minor consolidation and next target would be at 1.3300 area. Near term support is at 1.3225, below this level could...

USDCAD Weekly Analysis – December 8, 2019

by ForexCycle.com | December 8, 2019 10:36 am
USDCAD failed to break above 1.3382 resistance and pulled back from 1.3327, breaking below the rising trend line on the daily chart. Another fall would likely be seen over the next several day and the target would...

USDCAD Daily Analysis – December 6, 2019

by ForexCycle.com | December 6, 2019 3:25 am
USDCAD’s downside movement from 1.3320 extended to as low as 1.3158. Further decline is still possible after a minor consolidation and next target would be at 1.3100 area. Near term resistance is at 1.3190, above this level...

USDCAD Daily Analysis – December 5, 2019

by ForexCycle.com | December 5, 2019 3:22 am
USDCAD dropped sharply to 1.3180 area, breaking below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.3041 had completed at 1.3327 already. Further decline could be expected after a minor consolidation...

USDCAD Daily Analysis – December 4, 2019

by ForexCycle.com | December 4, 2019 4:56 am
USDCAD failed to break above 1.3327 resistance and stays in a trading range between 1.3254 and 1.3327. As long as the price is above the bullish trend line on the 4-hour chart, the price action in the...