USDCAD Daily Analysis – October 17, 2019

by ForexCycle.com | October 16, 2019 11:11 pm
USDCAD moved sideways in a trading range between 1.3170 and 1.3239. The sideways movement is likely consolidation for the downtrend from 1.3347, further decline to 1.3100 area is still possible after the consolidation. Key resistance is at...

USDCAD Daily Analysis – October 16, 2019

by ForexCycle.com | October 16, 2019 3:30 am
USDCAD remains in the downtrend from 1.3347, the bounce from 1.3170 is likely consolidation for the downtrend. Range trading between 1.3170 and 1.3260 would likely be seen in a couple of days. Resistance is at 1.3260, as...

USDCAD Daily Analysis – October 15, 2019

by ForexCycle.com | October 15, 2019 3:40 am
USDCAD is in consolidation for the downtrend from 1.3347, range trading between 1.3170 and 1.3260 would likely be seen in a couple of days. As long as 1.3260 resistance holds, the downtrend could be expected to resume,...

USDCAD Daily Analysis – October 14, 2019

by ForexCycle.com | October 14, 2019 3:05 am
USDCAD extended its downside movement from 1.3347 to as low as 1.3170, breaking below 1.3205 support. Further decline is still possible after a minor consolidation and next target would be at 1.3100 area. Near term resistance is...

USDCAD Weekly Analysis – October 13, 2019

by ForexCycle.com | October 13, 2019 3:29 am
USDCAD failed to break above 1.3382 resistance and stayed in a trading range between 1.3133 and 1.3382. A breakdown below 1.3133 support could trigger another fall towards 1.2900. Resistance is at 1.3382, above here would aim 1.3500...

USDCAD Daily Analysis – October 11, 2019

by ForexCycle.com | October 11, 2019 3:19 am
USDCAD broke below 1.3287 support, suggesting that the uptrend from 1.3205 had completed at 1.3347 already. Deeper decline could be expected in the coming days and next target would be at 1.3230 area. Resistance is at 1.3320,...

USDCAD Daily Analysis – October 10, 2019

by ForexCycle.com | October 10, 2019 1:58 am
USDCAD continued its sideways movement in a trading range between 1.3287 and 1.3347. As long as 1.3287 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.3205, further rise...

USDCAD Daily Analysis – October 9, 2019

by ForexCycle.com | October 9, 2019 3:38 am
USDCAD moved sideways in a trading range between 1.3287 and 1.3347. As long as 1.3287 support holds, the uptrend could be expected to resume, further rise towards 1.3400 is still possible. On the downside, a breakdown below...

USDCAD Daily Analysis – October 8, 2019

by ForexCycle.com | October 8, 2019 2:22 am
USDCAD broke below 1.3298 support, suggesting that the upside movement from 1.3205 had completed at 1.3347 already. Deeper decline could be expected in the coming days and next target would be at 1.3250 area. Resistance is at...

USDCAD Daily Analysis – October 7, 2019

by ForexCycle.com | October 7, 2019 2:52 am
USDCAD remains in the uptrend from 1.3205, the pullback from 1.3347 is likely consolidation for the uptrend. Further rise could be expected after the consolidation and next target would be at 1.3400 area. Near term support is...