USD/CAD Forecast May 17, 2016, Technical Analysis

by FX Empire | May 17, 2016 5:39 am
The USD/CAD pair fell during the course of the session on Monday, as we continue to see quite a bit of resistance of the 1.30 level. That being the case, it’s likely that we will test significant...

USDCAD Weekly Analysis – May 15, 2016

by ForexCycle.com | May 15, 2016 9:56 am
USDCAD is now in uptrend from 1.2460. Further rally could be expected over the next several weeks, and the target would be at 1.3600 area. Support levels are at 1.2700 and 1.2460, only break below these levels...

USD/CAD Forecast May 16, 2016, Technical Analysis

by FX Empire | May 15, 2016 9:13 am
The USD/CAD pair broke higher during the course of the session on Friday, clearing the top of the Thursday hammer. With this being the case, looks as if we are reaching towards the 1.30 level, and as...

USD/CAD Forecast May 13, 2016, Technical Analysis

by FX Empire | May 13, 2016 6:05 am
The USD/CAD pair fell during the day on Thursday, as we continue to see weakness in this market. This of course is exacerbated by the oil markets rising, and the fact that the 1.30 psychologically significant level...

USD/CAD Forecast May 12, 2016, Technical Analysis

by FX Empire | May 12, 2016 8:39 am
The USD/CAD currency pair fell during the course of the session on Wednesday, as the 50 day exponential moving average sits just above. The 1.30 level above has been resistive, and it now looks as if we...

USD/CAD Forecast May 10, 2016, Technical Analysis

by FX Empire | May 10, 2016 6:05 am
The USD/CAD pair gapped higher at the open on Monday, testing the 1.30 level above, which of course is a psychologically significant number. If we can break above there on a daily close, then we may see...

USD/CAD Forecast May 9, 2016, Technical Analysis

by FX Empire | May 9, 2016 7:48 am
The USD/CAD pair initially fell during the course of the day on Friday, but turned right back around to continue the bullish pressure. With this being the case, we are now ready to test the 1.30 level...

USDCAD Weekly Analysis – May 8, 2016

by ForexCycle.com | May 8, 2016 1:40 pm
USDCAD broke above the downward trend line on daily chart, indicating that the downtrend from 1.4689 had completed at 1.2460 already. Further rally could be expected over the next several weeks, and the target would be at...

USD/CAD Forecast May 6, 2016, Technical Analysis

by FX Empire | May 6, 2016 6:27 am
The USD/CAD pair initially fell during the course of the day on Thursday, but turn right back around to form a bit of a hammer. We are approaching the 1.30 level, and what will be interesting today...

USD/CAD Forecast May 5, 2016, Technical Analysis

by FX Empire | May 5, 2016 9:27 am
The USD/CAD pair broke higher during the course of the day on Wednesday, as it looks like we are ready to try to reach towards the 1.30 level. This is an area that should be massively resistive...