USD/CAD Forecast May 19, 2017, Technical Analysis
The USD/CAD pair had a very volatile session during the day on Thursday, as we initially tried to rally but then turned around and wiped out all of those gains. Part of this is driven by oil,...
Tag: USDCAD
USDCAD Daily Analysis – May 19, 2017
USDCAD’s bearish move extended to as low as 1.3571. Further decline could be expected after a minor consolidation and next target would be at 1.3500 area. Resistance is at 1.3670, only move about this level could trigger...
USD/CAD Forecast May 18, 2017, Technical Analysis
The USD/CAD pair chopped around quite significantly during the day on Wednesday, as the oil inventory numbers in the United States were bullish as we continue to see demand. However, we also have a bit of a...
USDCAD Daily Analysis – May 18, 2017
USDCAD remains in downtrend from 1.3793. Further decline is still possible over the next several days and next target would be at 1.3500 area. Resistance levels are at 1.3640 and 1.3670, only move above these levels could...
USD/CAD Forecast May 17, 2017, Technical Analysis
The US dollars had a very choppy session during the day on Tuesday in general, and of course it won’t be any different against the Canadian dollar. Adding more fuel to the fire is the fact that...
USDCAD Daily Analysis – May 17, 2017
USDCAD is now in downtrend from 1.3793. Further decline could be expected over the next several days, and next target would be at 1.3500 area. Resistance is at 1.3670, only break above this level could trigger another...
USD/CAD Forecast May 16, 2017, Technical Analysis
The US dollar fell significantly at the open on Monday, as the Russian and Saudi officials suggested that an extension of the OPEC production cuts was needed. That of course is a very bullish sign for the...
USDCAD Daily Analysis – May 16, 2017
USDCAD broke below 1.3641 support, indicating that the uptrend from 1.3223 had completed at 1.3793 already. Further decline could be expected in a couple of days, and next target would be at 1.3500 area. Resistance is at...
USDCAD is Under Pressure by Ascending Price Channels
USDCAD is facing channels resistance. There is an ascending price channel on daily chart which acts as support at the bottom trend line and resistance at the top trend line. After the price touching the top trend...
USDCAD Daily Analysis – May 15, 2017
USDCAD stays in a trading range between 1.3641 and 1.3793. Another fall to test 1.3641 support would likely be seen and a breakdown below this level will confirm that the upward movement from 1.3223 had completed at...