Elliott Wave View: Dips in USDCAD Should Find Buyers

by elliottwave-forecast.com | June 30, 2020 3:28 pm
USDCAD 45 minutes chart below shows that the pair has ended 3 wave pullback from June 15 high in wave 2. The pullback unfolded as double three Elliott Wave structure and ended at 1.3482 low. Afterwards, the...

USDCAD Weekly Analysis – June 28, 2020

by ForexCycle.com | June 28, 2020 2:12 am
USDCAD stays in a falling price channel on the daily chart and remains in the downtrend from 1.4667. As long as the channel resistance holds, the bounce from 1.3314 could be treated as consolidation for the downtrend...

USDCAD Daily Analysis – June 15, 2020

by ForexCycle.com | June 14, 2020 11:00 pm
USDCAD extended its upside movement from 1.3314 to as high as 1.3666. Further rally is still possible after a minor consolidation and next target would be at 1.3750 area. Near term support is at 1.3500, a breakdown...

USDCAD Daily Analysis – June 12, 2020

by ForexCycle.com | June 12, 2020 1:28 am
USDCAD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.4048 had completed at 1.3314 already. Further rally would likely be seen and next target would be at 1.3850 area....

USDCAD Daily Analysis – June 11, 2020

by ForexCycle.com | June 11, 2020 3:47 am
USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.4048. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

USDCAD Daily Analysis – June 9, 2020

by ForexCycle.com | June 9, 2020 3:38 am
USDCAD extended its downside movement from 1.4048 to as low as 1.3356. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...

USDCAD Daily Analysis – June 8, 2020

by ForexCycle.com | June 8, 2020 2:42 am
USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.4048. Further decline would likely be seen after a minor consolidation and next target would be at 1.3300 area. Near...

USDCAD Daily Analysis – June 5, 2020

by ForexCycle.com | June 5, 2020 1:29 am
USDCAD extended its downside movement from 1.4048 to as low as 1.3467. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...

USDCAD Daily Analysis – June 4, 2020

by ForexCycle.com | June 4, 2020 1:51 am
USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.4048. Further decline could be expected after a minor consolidation and next target would be at 1.3350 area. Near term...

USDCAD Daily Analysis – June 2, 2020

by ForexCycle.com | June 2, 2020 2:29 am
USDCAD extended its downside movement from 1.4048 to as low as 1.3544. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...