USDCAD broke out of the bottom of the ascending price channel on 4-hour chart, indicating that the bullish movement from 1.3223 had completed at 1.3793 already. Further decline could be expected over the next several days and...
The USD/CAD pair broke down significantly during the day on Friday after initially tried to rally. The 1.38 level offered far too much in the way of resistance, and that being the case it’s likely that this...
USDCAD’s upward movement from 1.2968 extended to as high as 1.3793. Further rise could be expected and next target would be at 1.4000 area. Support is at 1.3570, only a breakdown below this level will indicate that...
The US dollar continues to grind sideways against the Canadian dollar as we have seen over the last couple of days. I believe that the market breaking down in WTI Crude suggests that the market will eventually...
USDCAD’s bullish movement from 1.3223 extended to as high as 1.3788. As long as the pair is in the ascending price channel on 4-hour chart, the upward movement could be expected to continue, and next target would...
USDCAD stays in a ascending price channel on 4-hour chart and remains in uptrend from 1.3223. As long as the pair is in the channel, the fall from 1.3757 could be treated as consolidation of the uptrend,...
Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave chart of USDCAD. In further text we’re going to explain the structure,count the swings and see how we...
The USD/CAD pair broke out rather significantly during the day on Tuesday, clearing the 1.37 level. Oil markets continue to struggle, so having said that it makes sense that the Canadian dollar suffers. The US dollar breaking...
USDCAD’s upward movement from 1.3223 extended to as high as 1.3757. As long as the pair is in the ascending price channel on 4-hour chart, the upward movement could be expected to continue, and next target would...
The US dollar continues to chop sideways against the Canadian dollar during the Monday session, but I think that the upward momentum is still there. After all, the crude oil markets look very soft and that will...
