USD/CAD Forecast February 27, 2017, Technical Analysis
The USD/CAD pair fell during the day on Friday, but turned around to form a hammer. Having said that, the weekly candle is a shooting star, so I think were to continue to see quite a bit...
Tag: USDCAD
USDCAD Daily Analysis – February 24, 2017
USDCAD broke below the bottom of the upward price channel on 4-hour chart, indicating that the upward movement from 1.3009 is complete. Another fall to test 1.2968 support could be seen over the next several days.
USD/CAD Forecast February 23, 2017, Technical Analysis
The US dollar initially pulled back during the day on Wednesday but found enough support at the 1.31 level to turn things around and rally. We broke above the 1.32 level during the day, and if we...
USDCAD Daily Analysis – February 23, 2017
USDCAD stays in a upward price channel on 4-hour chart and remains in uptrend from 1.3009. As long as the channel support holds, the uptrend could be expected to continue and next target would be at 1.3250...
USD/CAD Forecast February 22, 2017, Technical Analysis
The USD/CAD pair rally during the day on Tuesday, breaking above the 1.31 handle. It looks as if the markets are going to have a significant amount of push back at the 1.32 level above, so even...
USDCAD Daily Analysis – February 22, 2017
USDCAD failed to break below 1.2968 support and stayed in the trading range between 1.2968 and 1.3211. Sideways movement in the trading range could be expected to continue in a couple of days.
USD/CAD Forecast February 21, 2017, Technical Analysis
The USD/CAD pair had a volatile session on Monday, as the 1.31 level offered enough resistance to keep the market fairly flat. This makes a lot of sense as US banks were closed for Presidents’ Day, so...
USDCAD Weekly Analysis – February 19, 2017
USDCAD remains in downtrend from 1.3598. Further decline would likely be seen in a couple of weeks, and next target would be at 1.2600 area. Resistance is at 1.3387, only break above this level could signal completion...
USD/CAD Forecast February 20, 2017, Technical Analysis
The USD/CAD pair broke above the top of the hammer from the Thursday session during Friday, attempting to break out to the upside. If we can break above the top of the range for the Friday session,...
USD/CAD Forecast February 17, 2017, Technical Analysis
The USD/CAD pair fell a bit during the day on Thursday, testing the 1.30 level. That is an area that has offered quite a bit of support in the past, and it looks as if it is...