After touching the bottom of the price channel on daily chart, USDCAD rebounded back into the channel, indicating that the pair remains in uptrend from 1.2460 (May 3, 2016 low). Further rise could be expected over the...
The USD/CAD pair had a positive session on Friday as we continue to grind to the upside. Now that we are broken above the uptrend line that previously had given way, it looks as if the market...
The USD/CAD pair broke out to the upside, slicing through the previous uptrend. The massive green candle suggests that we are going to continue to see quite a bit of volatility. If we can break above the...
USDCAD remains in uptrend from 1.3018, the fall from 1.3353 is likely consolidation of the uptrend. Further rise could be expected after consolidation and next target would be at 1.3500 area. Support is at 1.3150, only break...
The USD/CAD pair rallied on Wednesday, as the 1.30 level should continue to be supportive. If we bounce from here, I think it’s only a matter of time before the sellers get involved again. Alternately though, if...
USDCAD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 1.3598 had completed at 1.3018 already. Further rise could be expected over the next several days, and next target would be at...
The US dollar fell significantly during the session on Tuesday, testing the 1.30 level. It now looks as if the market is going to try to break down and we could go below the 1.30 handle, the...
USDCAD failed to break above the downward trend line on 4-hour chart, indicating that the pair remains in downtrend from 1.3598. As long as the trend line resistance holds, the downtrend could be expected to continue, and...
The USD/CAD pair rallied a bit during the day on Monday, but remains below the uptrend line that we have recently formed. A break above the top of the hammer on Friday would have us going long,...
USDCAD remains in downtrend from 1.3598, the rise from 1.3029 is likely consolidation of the downtrend. Near term resistance is at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the...
