USD/CAD Forecast September 6, 2017, Technical Analysis
The USD/CAD pair drifted a bit lower during the day on Tuesday, as we are trying to make a fresh, new low. Ultimately, I think that it’s only a matter of time before sellers come back into...
Tag: USDCAD
USDCAD Daily Analysis – September 6, 2017
USDCAD remains in the downtrend from 1.2662. Further decline is still possible after a minor consolidation and next target would be at 1.2050 area. Resistance is at 1.2500, only break above this level could bring price back...
USD/CAD Forecast September 5, 2017, Technical Analysis
The USD/CAD pair rallied on Monday, as there was a bit of a “risk off” trade after the North Koreans tested a nuclear bomb. However, the market has recently seen a significant amount of bearish pressure, and...
USDCAD Daily Analysis – September 5, 2017
USDCAD is now in downtrend from 1.2662. Range trading between 1.2339 and 1.2500 would likely be seen in a couple of days. Near term resistance is at 1.2500. As long as this level holds, the downside movement...
USDCAD Is Facing Major Support Trend Line
After a sideways movement in a trading range between 1.2413 and 1.2778, USDCAD broke below 1.2413 previous low support and extended its downside movement from 1.3793 to as low as 1.2339. On the downside The USDCAD pair...
USDCAD Daily Analysis – September 4, 2017
USDCAD broke below 1.2413 support and reached as low as 1.2339. Further decline could be expected in the coming days, and next target would be at 1.2050 area. Near term resistance is at 1.2500, only break above...
USDCAD Weekly Analysis – September 3, 2017
USDCAD broke below 1.2413 support, indicating that the downtrend from 1.3793 has resumed. Further decline could be expected in a couple of weeks and next target would be at 1.2050. Key resistance is at 1.2778, only break...
USD/CAD Forecast September 4, 2017, Technical Analysis
The US dollar initially went sideways against the Canadian dollar, testing the 1.25 level for resistance. We found plenty of resistance there, and as the jobs numbers disappointed in the United States, this market fell. The GDP...
USD/CAD Forecast September 1, 2017, Technical Analysis
The USD/CAD pair went sideways initially on Thursday and then ended up turning around and collapsing. This is mainly due to the Canadian GDP numbers coming out stronger than anticipated. The 1.25 level below looks to offer...
USDCAD Daily Analysis – September 1, 2017
USDCAD stays in a trading range between 1.2413 and 1.2778. The key resistance is at 1.2778, as long as this level holds, the price action in the trading range could be treated as consolidation of the downtrend...