USDCAD Slides Lower: Will the Downtrend Persist?

by ForexCycle.com | March 14, 2024 1:51 am
USDCAD has extended its decline, breaking through a key support level. This analysis examines the technical situation and explores potential scenarios for the currency pair. Downside Move Resumes: Potential Downside Targets: Signs of a Potential Rebound: Key...

USDCAD Slides Below Support: Downward Spiral or Short-Term Correction?

by ForexCycle.com | March 8, 2024 12:13 am
USDCAD has been on a downward path, breaching a key technical level and approaching another critical zone. This analysis explores the technical situation and potential future scenarios for the currency pair. Breakdown Confirmed: Downtrend in Focus Potential...

USDCAD Slides Lower: Can the Bulls Find Support or Face Deeper Decline?

by ForexCycle.com | March 7, 2024 1:17 am
USDCAD has recently dipped below key support levels, raising concerns about a potential trend reversal. This analysis explores the technical situation and potential future scenarios for the currency pair. Breakdown from Support Levels: Potential Downside Scenarios: Upside...

USDCAD Retreats: Range Trading or Trend Reversal?

by ForexCycle.com | February 16, 2024 2:32 am
USDCAD’s recent surge above 1.3543 resistance was short-lived, as the pair has pulled back and broken below 1.3510 support. Let’s analyze the technicals to understand what this means for the pair’s near-term direction. Range Trading or Downtrend?...

USDCAD Breaks Resistance: Will the Rally Continue?

by ForexCycle.com | February 14, 2024 1:29 am
USDCAD has displayed bullish momentum, breaking above the key resistance level of 1.3543 and extending its uptrend from 1.3358. This breakout raises questions about the pair’s future direction. Let’s analyze the technicals to understand what this means...

USDCAD Retreats: Uptrend Over or Temporary Dip?

by ForexCycle.com | February 8, 2024 3:51 am
USDCAD’s climb stalled as it encountered resistance at 1.3541, leading to a pullback that breached the 1.3464 support level. Let’s analyze the technicals to understand whether this signals a deeper decline or a mere pause in the...

USDCAD Double Bottom Breakout: Bullish Signal or False Hope?

by ForexCycle.com | February 5, 2024 5:18 am
The USDCAD pair has formed a double bottom pattern on its 4-hour chart, potentially indicating a shift in momentum. Let’s delve into the technical details to understand what this means for the pair’s future direction. Double Bottom...

USDCAD Market Analysis: Bouncing Between Resistance and Support Levels

by ForexCycle.com | January 29, 2024 1:10 am
The USDCAD pair has recently witnessed significant market movements, pivoting between notable resistance and support levels, influencing the overall market trend. Recent Failed Breakout Attempt USDCAD endeavored to breakout of the 1.3541 resistance level but ended up...

USDCAD Trading Maze: Failed Breakouts and Possible Lows

by ForexCycle.com | January 26, 2024 2:35 am
The USDCAD has been staying within a trading spectrum, maneuvering sideways between 1.3414 and 1.3541. Notably, USDCAD recently undertook a failed bid to breach the 1.3541 resistance, resulting in a pullback to the 1.3465 level. As the...