USD/CAD Forecast August 30, 2016, Technical Analysis
The USD/CAD pair rallied during the course of the day on Monday, as we are clearly well above the 1.30 level now. It appears that the market is going to try to continue to go higher, and...
Tag: USDCAD
USDCAD Daily Analysis – August 30, 2016
USDCAD is in uptrend from 1.2763. Further rise is still possible over the next several days, and next target would be at 1.3200 area. Support levels are at 1.2900 and 1.2830, only break below these levels could...
USD/CAD Forecast August 29, 2016, Technical Analysis
The USD/CAD pair initially fell during the course of the day on Friday, but turned around and form a hammer yet again. I believe that this market is trying to build up enough momentum to finally break...
USDCAD Weekly Analysis – August 28, 2016
USDCAD remains in uptrend from 1.2460, the price action from 1.3188 is likely consolidation of the uptrend. Another rise to 1.3600 area to complete the upward movement is possible over the next several weeks. Support is at...
USD/CAD Forecast August 26, 2016, Technical Analysis
The USD/CAD pair initially fell during the day on Thursday but turned right back around to form a bit of a hammer. The hammer of course is a very strong sign, and as a result we may...
USD/CAD Forecast August 25, 2016, Technical Analysis
The USD/CAD pair went back and forth during the course of the day on Wednesday, ultimately forming a slightly positive candle. We are pressing up against the bottom of the previous uptrend line now, and of course...
USD/CAD Forecast August 24, 2016, Technical Analysis
The USD/CAD pair fell significantly during the day on Tuesday as the bullish inventory numbers came out of the United States supporting oil markets. By doing so, traders flooded into this market and pushed the value the...
USD/CAD Forecast August 23, 2016, Technical Analysis
The USD/CAD pair rose during the course the day on Monday, but started the fell a bit at the uptrend line that had recently been broken. I also recognize the 1.30 level above as being resistive as...
USDCAD Breakdown Retracement (Aug 23, 2016)
USDCAD was previously trading inside an ascending channel pattern before breaking lower to signal a reversal. Price hit a low of 1.2762 before pulling up and indicating that a retracement to the broken support area could be...
USD/CAD Forecast August 22, 2016, Technical Analysis
The USD/CAD pair rallied during the course of the session on Friday, showing the very explosive move to the upside. It now looks as if we could very well try to reach towards the previous uptrend line...