USDCAD Daily Analysis – October 30, 2017
USDCAD stays above a bullish trend line on the 4-hour chart, and remains in the uptrend from 1.2450. As long as the price is above the trend line, the fall from 1.2916 could be treated as consolidation...
Tag: USDCAD
USDCAD Weekly Analysis – October 29, 2017
USDCAD broke above the key resistance at 1.2778, confirming that the downside movement from 1.3793 had completed at 1.2061 already. Further rise could be expected after a minor consolidation and next target would be at 1.3200 area....
USD/CAD Forecast October 30, 2017, Technical Analysis
The US dollar rallied during the day on Friday initially, but found the 1.29 level to be a bit too resistive. We pulled back from there, but quite frankly this is a very bullish pair currently, and...
USDCAD Daily Analysis – October 27, 2017
USDCAD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2450. As long as the trend line support holds, the uptrend could be expected to continue and next target would...
USD/CAD Forecast October 26, 2017, Technical Analysis
The US dollar went sideways initially against the Canadian dollar, but then exploded to the upside as the crude oil markets continue to build inventory. This currency of course is a proxy for the petroleum markets, and...
USDCAD Daily Analysis – October 26, 2017
USDCAD extended its upside movement from 1.2450 to as high as 1.2816, breaking above an important resistance at 1.2778 (Aug 15 high). Near term support is at the rising trend line on the 4-hour chart. As long...
USD/CAD Forecast October 25, 2017, Technical Analysis
The US dollar initially dipped lower against the Canadian dollar on Tuesday, but found enough support near the 1.2625 level to turn around and rally again. We have seen a significant move to the upside over the...
USDCAD Daily Analysis – October 25, 2017
USDCAD continued its bullish movement from 1.2061 and the rise extended to as high as 1.2692. Near term support is at 1.2530, followed by 1.2433, as long as these levels hold, further rise could be expected and...
USD/CAD Forecast October 24, 2017, Technical Analysis
The US dollar rallied against the Canadian dollar after initially dropping during the day on Monday. We have broken decidedly above the 1.26 level, and that being the case it’s likely that the market is ready to...
USDCAD Daily Analysis – October 24, 2017
USDCAD’s upside movement from 1.2061 extended to as high as 1.2636. Further rise is still possible and next target would be at 1.2778 (Aug 15 high). Support levels are at 1.2530 and 1.2433, only break below these...