USDCAD Daily Analysis – September 14, 2017
USDCAD’s bounce from 1.2061 extended to as high as 1.2219. Further rally is still possible in a couple of days and the target would be at the bearish trend line on the daily chart now at 1.2515....
Tag: USDCAD
USDCAD Daily Analysis – September 13, 2017
USDCAD broke above the bearish trend line on its 4-hour chart, suggesting that the downtrend from 1.2662 had completed at 1.2061 already. Further rally would likely be seen over the next several days and the target would...
USDCAD Daily Analysis – September 12, 2017
USDCAD stays below a descending trend line on the 4-hour chart and remains in the downtrend from 1.2662. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...
USDCAD Daily Analysis – September 11, 2017
USDCAD extended its downside movement from 1.2662 to as low as 1.2061. As long as the price is below the bearish trend line on the 4-hour chart, the bounce from 1.2061 could be treated as consolidation of...
USDCAD Weekly Analysis – September 10, 2017
USDCAD’s downside movement from 1.3793 extended to as low as 1.2061. Resistance is at the bearish trend line on the daily chart. As long as the price is below the trend, the downside movement could be expected...
USD/CAD Forecast September 11, 2017, Technical Analysis
The USD/CAD pair rallied a bit during the day on Friday, as the recent move had to retract a bit. I believe that most of this is probably due to profit-taking before the weekend. That being the...
USD/CAD Forecast September 8, 2017, Technical Analysis
The US dollar fell slightly during the day against the Canadian dollar on Thursday as we continue to see the fallout from the surprise interest rate hike in Ottawa. Longer-term, I believe that the market is going...
USDCAD Daily Analysis – September 8, 2017
USDCAD continued its downside movement from 1.2662 and the fall extended to as low as 1.2064. Resistance is at the bearish trend line on the 4-hour chart. As long as the price is below the trend line,...
USD/CAD Forecast September 7, 2017, Technical Analysis
The US dollar collapsed against the Canadian dollar during the session on Wednesday as the Bank of Canada raised interest rates, surprising most market participants. We felt towards the 1.2150 level underneath, and I believe now we...
USDCAD Daily Analysis – September 7, 2017
USDCAD dropped sharply to as low as 1.2146. Near term resistance is at the falling trend line on the 4-hour chart. As long as the price is below the trend line, the downtrend from 1.2662 could be...