USDCAD Daily Analysis – November 16, 2016

by ForexCycle.com | November 16, 2016 1:40 am
USDCAD’s upward movement from 1.3264 had completed at 1.3588 already. Further decline could be expected in a couple of days, and the target would be at 1.3250 area. Resistance level is at 1.3500, only break above this...

USD/CAD Forecast November 15, 2016, Technical Analysis

by FX Empire | November 15, 2016 6:12 am
The USD/CAD pair continues to grind higher as oil markets falter. Now that we are above the 1.35 level, the market will then more than likely reach towards the 1.40 handle, perhaps even higher than that. Short-term...

USDCAD Daily Analysis – November 15, 2016

by ForexCycle.com | November 15, 2016 1:30 am
USDCAD’s upward movement from 1.3264 extended to as high as 1.3588. Further rise is still possible and next target would be at 1.3800 area. Support levels are at 1.3500 and 1.3460, as long as these levels hold,...

USDCAD Weekly Analysis – November 13, 2016

by ForexCycle.com | November 13, 2016 7:15 am
USDCAD continued its upward movement from 1.2460, and the rise extended to as high as 1.3548. Near term support is at 1.3240, as long as this level holds, the uptrend could be expected to continue, and next...

USD/CAD Forecast November 14, 2016, Technical Analysis

by FX Empire | November 13, 2016 5:49 am
The USD/CAD pair broke out above the 1.35 handle during the day, and continue to go higher on Friday. We did get back some of the gains but given enough time to looks as if we will...

USD/CAD Forecast November 11, 2016, Technical Analysis

by FX Empire | November 11, 2016 6:05 am
The USD/CAD pair tried to rally during the course of the week, reaching towards the 1.35 level above. That is an area that has been resistance, and at this point in time I think that we may...

USDCAD Daily Analysis – November 11, 2016

by ForexCycle.com | November 11, 2016 3:05 am
USDCAD continued its upward movement from 1.3005, and the rise extended to as high as 1.3525. Further rise could be expected over the next several days, and next target would be at 1.3600 area. Key support is...

USD/CAD Forecast November 10, 2016, Technical Analysis

by FX Empire | November 10, 2016 5:37 am
The USD/CAD pair broke higher during the day on Wednesday, as we cleared the 1.35 level at one point. We did get back some of the gains though, so at this point I believe that we will...

USD/CAD Forecast November 9, 2016, Technical Analysis

by FX Empire | November 9, 2016 7:12 am
The US dollar initially tried to rally during the course of the session on Tuesday, but found enough resistance to turn things back around. At this point, we have been very bullish, and I think that it’s...

USD/CAD Forecast November 8, 2016, Technical Analysis

by FX Empire | November 8, 2016 7:45 am
The USD/CAD pair gapped lower at the open on Monday, and then turned around to fill that gap. By doing so, we found quite a bit of resistance, and turned around yet again to form an exhaustive...