USDCAD Daily Analysis – June 14, 2019

by ForexCycle.com | June 14, 2019 3:33 am
USDCAD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.3240. As long as the channel support holds, the uptrend could be expected to continue and next target would be...

USDCAD Daily Analysis – June 13, 2019

by ForexCycle.com | June 13, 2019 2:34 am
USDCAD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.3564 had completed at 1.3240 already. Further rally could be expected in a couple of days and next target would...

USDCAD Daily Analysis – June 12, 2019

by ForexCycle.com | June 12, 2019 2:51 am
USDCAD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.3564. As long as the trend line resistance holds, the bounce from 1.3240 could be treated as consolidation for the...

USDCAD Daily Analysis – June 11, 2019

by ForexCycle.com | June 11, 2019 2:46 am
USDCAD’s downside movement from 1.3564 extended to as low as 1.3240. 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 target...

USDCAD Daily Analysis – June 10, 2019

by ForexCycle.com | June 10, 2019 1:01 am
USDCAD broke below 1.3357 support and dropped sharply to as low as 1.3240. Further decline is still possible after a minor consolidation and next target would be at 1.3200 area. Near term resistance is at 1.3320, a...

USDCAD Weekly Analysis – June 8, 2019

by ForexCycle.com | June 8, 2019 12:20 pm
USDCAD broke below the rising trend line on the daily chart, suggesting that the upside movement from 1.3068 had completed at 1.3564 already. Further decline could be expected and next target would be at 1.3100 area. Resistance...

USDCAD Daily Analysis – June 6, 2019

by ForexCycle.com | June 6, 2019 1:15 am
USDCAD failed to break below 1.3357 support and rebounded from 1.3362. Further rally would likely be seen in the coming days and next target would be at 1.3500 area. Near term support is at 1.3395, a breakdown...

USDCAD Daily Analysis – June 5, 2019

by ForexCycle.com | June 5, 2019 2:57 am
USDCAD extended its downside movement from 1.3564 to as low as 1.3375, facing the support level at 1.3357, a breakdown below this level could take the price to 1.3300 area. Near term resistance is at 1.3420, a...

USDCAD Daily Analysis – June 4, 2019

by ForexCycle.com | June 4, 2019 3:09 am
USDCAD broke below 1.3480 support, suggesting that the upside movement from 1.3357 had completed at 1.3564 already. Further decline could be expected in the coming days and next target would be at 1.3400 area. Resistance is at...

USDCAD Daily Analysis – June 3, 2019

by ForexCycle.com | June 3, 2019 2:11 am
USDCAD extended its upside movement from 1.3357 to as high as 1.3564. Further rise could be expected and next target would be at 1.3600 area. Support is at 1.3480, a breakdown below this level could bring the...