USDCAD Daily Analysis – September 20, 2017
USDCAD stays above a rising trend line on its 4-hour chart and remains in a short term uptrend from 1.2061. Further rally is still possible and next target would be at the bearish trend line on the...
Tag: USDCAD
USD/CAD Forecast September 19, 2017, Technical Analysis
The US dollar rallied a bit during the day on Monday against the Canadian dollar, reaching towards the 1.2250 level. It looks as if we continue to show bullish pressure, but I think that there is more...
USDCAD Downtrend Pullback (Sep 19, 2017)
USDCAD continues to trend lower but seems to be in a correction from its current selloff. Applying the Fibonacci retracement tool shows that the the 50% level lines up with the trend line resistance and the 1.2400...
USDCAD Daily Analysis – September 19, 2017
USDCAD’s rebound from 1.2061 extended to as high as 1.2337. Further rally is still possible and next target would be at the bearish trend line on the daily chart now at 1.2470. However, as long as the...
USDCAD Daily Analysis – September 18, 2017
USDCAD remains in downtrend from 1.2778, the bounce from 1.2061 is likely consolidation of the downtrend. Near term resistance is at 1.2300, followed by the bearish trend line on the daily chart now at 1.2480. Further decline...
USDCAD Weekly Analysis – September 17, 2017
USDCAD stays below a bearish trend line on its daily chart and remains in the downtrend from 1.3793. As long as the price is below the trend line, the downtrend could be expected to continue and next...
USD/CAD Forecast September 18, 2017, Technical Analysis
The US dollar had a choppy session against the Canadian dollar, as we continue to grind higher. However, there is an uptrend line that had recently been broken on the weekly chart’s above, and that should offer...
USD/CAD Forecast September 15, 2017, Technical Analysis
The US dollar rose slightly against the Canadian dollar during the session on Wednesday, as we continue the upward channel. However, we have recently seen a massive move in favor the Canadian dollar so I think that...
USDCAD Daily Analysis – September 15, 2017
USDCAD extended its rebound from 1.2061 to as high as 1.2239. Further rise is still possible and the target would be at the bearish trend line on the daily chart. However, the bounce is likely consolidation of...
USD/CAD Forecast September 14, 2017, Technical Analysis
The US dollar had an interesting session on Wednesday, as we initially fell, but found enough support near the 1.2125 level to turn around and break out above the 1.22 handle. I think the market will continue...