USDCAD Daily Analysis – July 3, 2017
USDCAD remains in downtrend from 1.3347 and the fall extended to as low as 1.2946. Near term resistance is at the top trend line of the price channel on its 4-hour chart. As long as the channel...
Tag: USDCAD
USDCAD Weekly Analysis – July 2, 2017
USDCAD’s bearish movement from 1.3793 extended to as low as 1.2946, breaking below 1.2968 (Jan 31 low) key support. As long as the pair is below the descending trend line on its daily chart, the downtrend could...
USD/CAD Forecast July 3, 2017, Technical Analysis
The US dollar initially fell during the Friday session, but you can see we are trying to fight to the upside. If we can break above the 1.30 level, that would be a bullish sign, and it...
USDCAD Daily Analysis – June 30, 2017
USDCAD continued its downward movement from 1.3347 and the fall extended to as low as 1.2971, facing the important support level of 1.2968 (Jan 31 low). Near term resistance is at 1.3045, as long as this level...
USD/CAD Forecast June 29, 2017, Technical Analysis
The US dollar collapsed against the Canadian dollar during the day on Wednesday, as oil markets rallied. Having said that, it was a bit of a mixed signal when it comes to oil and I think part...
USDCAD Daily Analysis – June 29, 2017
USDCAD’s bearish movement from 1.3347 extended to as low as 1.3012. Near term resistance is at 1.3080, as long as the pair is below this level, the bearish movement could be expected to continue and further decline...
USDCAD Broke Below Channel Support On Weekly Chart
USDCAD’s fall from the May 5 high of 1.3793 extended to as low as 1.3137 and broke below the bottom support trend line at 1.3230 of the price channel on its weekly chart, suggesting that the uptrend...
USD/CAD Forecast June 28, 2017, Technical Analysis
The US dollar broke apart against the Canadian dollar rather significantly. Ultimately, this is a market that has broken below the 1.32 level, and that was an area that was offering a significant amount of support. I...
USDCAD Daily Analysis – June 28, 2017
After consolidation, USDCAD broke below 1.3164 support and continued its bearish movement from 1.3793 (May 5 high), and the fall extended to as low as 1.3147. Further decline could be expected during the coming days and next...
USD/CAD Forecast June 27, 2017, Technical Analysis
The US dollar fell initially against the Canadian dollar, reaching towards the 1.32 level. However, on the hourly chart we ended up forming a bit of a hammer. The hammer of course is a very bullish sign,...