USDCAD Daily Analysis – October 9, 2017
USDCAD’s uptrend from 1.2061 extended to as high as 1.2598. As long as the price is in the rising price channel on the 4-hour chart, the uptrend could be expected to continue and next target would be...
Tag: USDCAD
USDCAD Weekly Analysis – October 8, 2017
USDCAD’s bounce from 1.2061 extended to as high as 1.2598. Further rise is still possible in a couple of weeks and next target would be at 1.2778 resistance. Above this level would indicate that the downside movement...
USD/CAD Forecast October 9, 2017, Technical Analysis
The US dollar shot higher against the Canadian dollar initially during the trading session on Friday, but rolled over to reach towards the 1.2550 level as the jobs number is favored Canada. However, American job numbers were...
USD/CAD Forecast October 6, 2017, Technical Analysis
The USD/CAD pair exploded to the upside as the Canadian trade deficit continues to expand. Ultimately, we broke above the 1.25 handle, and for me that’s a very bullish sign. Given enough time, the market should then...
USDCAD Daily Analysis – October 6, 2017
USDCAD broke above 1.2538 resistance and extended its bullish movement from 1.2061 to as high as 1.2584. As long as the price is in the rising price channel on the 4-hour chart, the uptrend could be expected...
USDCAD Remains In Downtrend From 1.3793
USDCAD recently broke above the resistance trend line of the price channel on the daily chart, suggesting that lengthier consolidation for the downtrend from 1.3793 is needed. Range trading between 1.2061 and 1.2778 would likely be seen...
USD/CAD Forecast October 5, 2017, Technical Analysis
The USD/CAD pair initially fell on Wednesday but found enough support near the 1.2450 level to turn around and rally towards the 1.20 level. However, this is a market that is very choppy due to several factors...
USDCAD Daily Analysis – October 5, 2017
USDCAD moved sideways in a trading range between 1.2416 and 1.2538. As long as the price is in the bullish price channel on the 4-hour chart, the sideways movement could be treated as consolidation of the uptrend...
USD/CAD Forecast October 4, 2017, Technical Analysis
The US dollar rolled over against the Canadian dollar, reaching towards the 1.25 level on Tuesday. If we can break down below the 1.2450 level, the market should be very bearish, as it looks likely to show...
USDCAD Daily Analysis – October 4, 2017
USDCAD extended its upside movement from 1.2061 to as high as 1.2538. As long as the price is above the bullish trend line on the 4-hour chart, the uptrend could be expected to continue and next target...