USDCAD Weekly Analysis – May 29, 2016

by ForexCycle.com | May 29, 2016 10:29 am
USDCAD remains in uptrend from 1.2460, the fall from 1.3188 is likely consolidation of the uptrend. Further rise could be expected, and next target would be at 1.3600 area. Support level is at 1.2750, as long as...

USD/CAD Forecast May 26, 2016, Technical Analysis

by FX Empire | May 26, 2016 6:13 am
The USD/CAD pair fell slightly during the day on Wednesday, as it looks like we are trying to roll over. However, we should have quite a bit of support at the 1.30 level, and of course would...

USD/CAD Forecast May 25, 2016, Technical Analysis

by FX Empire | May 25, 2016 5:38 am
The USD/CAD pair went back and forth during the course of the day on Tuesday, as we continue to see quite a bit of volatility. We have an interest rate decision coming out of the Bank of...

USDCAD Short-Term Pullback (May 25, 2016)

by Kate Curtis | May 25, 2016 2:50 am
USDCAD has been trending higher on its short-term time frame, moving above a rising trend line connecting the latest lows of price action on the 1-hour chart. Price appears to be hitting a resistance at the 1.3150...

USD/CAD Forecast May 24, 2016, Technical Analysis

by FX Empire | May 24, 2016 5:14 am
The USD/CAD pair did very little during the course of the day on Monday, as we continue to meander around the 1.31 handle. Quite frankly, it looks a little bit exhausted, so we could very well pullback....

USDCAD Weekly Analysis – May 22, 2016

by ForexCycle.com | May 22, 2016 8:39 am
USDCAD’s upward movement from 1.2460 extended to as high as 1.3162. Further rise could be expected over the next several weeks, and next target would be at 1.3600 area. Support level is at 1.2750, as long as...

USD/CAD Forecast May 23, 2016, Technical Analysis

by FX Empire | May 22, 2016 5:29 am
The USD/CAD pair rose during the course of the session on Friday, as we continue to see gains in the US dollar. However, there is a bit of a barrier at the 1.32 level, so having said...

USD/CAD Forecast May 20, 2016, Technical Analysis

by FX Empire | May 20, 2016 5:49 am
The USD/CAD pair rose during the session on Thursday, breaking clear above the 1.30 level. This is an area that has been resistive, and now that we have broken above there, it looks likely that we could...

USD/CAD Forecast May 19, 2016, Technical Analysis

by FX Empire | May 19, 2016 6:10 am
The USD/CAD pair initially tried to rally during the course of the day on Wednesday, but found the 1.30 level to be far too resistive again as we ended up forming a shooting star. This is preceded...

USD/CAD Forecast May 18, 2016, Technical Analysis

by FX Empire | May 18, 2016 7:14 am
The USD/CAD pair went back and forth during the course of the day on Tuesday, showing that we continue to struggle just below the 1.30 level. If we can break above there, that would be a very...