USDCAD Daily Analysis – March 30, 2020

by ForexCycle.com | March 30, 2020 3:22 am
USDCAD broke below 1.4148 support, suggesting that the upside movement from 1.3201 had completed at 1.4667 already. Further decline would likely be seen and next target would be at 1.3800 area. Resistance is at 1.4155, a break...

USDCAD Weekly Analysis – March 29, 2020

by ForexCycle.com | March 29, 2020 11:07 am
USDCAD dropped sharply from 1.4667 to 1.3920. Further decline would likely be seen next week, and next target would be at the rising trend line on the daily chart. Near term resistance is at 1.4270, a break...

USDCAD Daily Analysis – March 27, 2020

by ForexCycle.com | March 27, 2020 2:25 am
USDCAD broke below 1.4148 support, suggesting that the upside movement from 1.3201 had completed at 1.4667 already. Further decline would likely be seen and next target would be at 1.3800 area. Near term resistance is at 1.4170,...

USDCAD Daily Analysis – March 26, 2020

by ForexCycle.com | March 26, 2020 5:16 am
USDCAD is facing 1.4148 support, a breakdown below this level would indicate that the upside movement from 1.3201 had completed at 1.4667 already, then the pair would find next support at around 1.3900. Resistance is at 1.4667,...

USDCAD Daily Analysis – March 25, 2020

by ForexCycle.com | March 25, 2020 1:11 am
USDCAD continued its sideways movement in a trading range between 1.4148 and 1.4667. As long as the price is above the rising trend line on the 4-hour chart, the sideways movement could be treated as consolidation for...

USDCAD Daily Analysis – March 24, 2020

by ForexCycle.com | March 24, 2020 2:34 am
USDCAD moved sideways in a trading range between 1.4148 and 1.4667. The price action in the range is likely consolidation of the uptrend from 1.3201, and further rise towards 1.4800 could be expected after the consolidation. Only...

USDCAD Daily Analysis – March 23, 2020

by ForexCycle.com | March 23, 2020 3:38 am
USDCAD remains in the uptrend from 1.3201, the pullback from 1.4667 is likely consolidation for the uptrend. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be...

USDCAD Weekly Analysis – March 22, 2020

by ForexCycle.com | March 22, 2020 9:52 am
USDCAD’s upside movement from 1.2951 extended to as high as 1.4667. Further rise would likely be seen and next target would be at 1.5200 area. Near term support is at 1.4140, a breakdown below this level could...

USDCAD Daily Analysis – March 20, 2020

by ForexCycle.com | March 20, 2020 4:41 am
USDCAD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.3201. As long as the trend line support holds, the pullback from 1.4667 could be treated as consolidation for the...

USDCAD Daily Analysis – March 19, 2020

by ForexCycle.com | March 19, 2020 2:20 am
USDCAD extended its upside movement from 1.3201 to as high as 1.4656. Further rise is still possible after a minor consolidation and next target would be at 1.4800 area. Near term support is at 1.4335, only break...